Category: Startups

RoboticsStartups

NVIDIA DGX Spark Revolutionizes AI Computing with Elon Musk Endorsement

Elon Musk confirms NVIDIA’s DGX Spark provides 100X more compute efficiency than the original DGX-1 AI computer. The breakthrough technology arrives as companies like Dexory secure massive funding for autonomous warehouse robotics powered by advanced AI systems.

Elon Musk has revealed that NVIDIA’s new DGX Spark delivers approximately 100 times more compute power per watt than the original DGX-1 system he received from Jensen Huang at OpenAI in 2016. This breakthrough in AI computing efficiency comes at a critical moment for companies developing autonomous systems and physical AI applications, including London-based Dexory which recently secured $165 million in Series C funding following an $80 million Series B round earlier this year for its warehouse robotics platform.

NVIDIA DGX Spark Technical Specifications

by Ortega Rafael
BusinessStartups

Oura Ring Valuation Hits $11 Billion After $900 Million Funding Round

Oura has achieved an $11 billion valuation following a $900 million Series E funding round. The Finnish wearable company reported over $500 million in 2024 revenue and expects to reach $1 billion in sales this year while competing with major tech players in the smart ring market.

Oura has reached an unprecedented $11 billion valuation following a massive $900 million Series E funding round, positioning the Finnish wearable technology company among the most valuable private health tech firms globally. The substantial investment comes as Oura reports explosive growth, with revenue exceeding $500 million in 2024 and projections indicating the company will achieve $1 billion in sales during 2025 according to their latest financial disclosures.

Record-Breaking Funding Round Details

by Bennett Laura
Arts and EntertainmentStartups

VC Firm Replaces Analysts with AI to Manage $75 Million Fund

A San Francisco VC firm has eliminated all analyst positions, replacing them with AI tools and a network of 170 limited partners from top tech companies. The $75 million fund will focus on Series A and B AI startups while sharing profits with its expert community.

In a bold move that signals how artificial intelligence is transforming venture capital, Davidovs Venture Collective has fired all its analysts and is using AI tools to help run deals for its new $75 million fund. The four-year-old firm, co-founded by married general partners Marina Davidova and Nick Davidov, is arming its network of 170 limited partners with AI agents to source and vet investments in AI startups, according to recent analysis of the shifting VC landscape.

AI-Powered Deal Sourcing and Due Diligence

by Daniel R.Collins