What happened in the startup ecosystem this week? 19

Startups, unlike traditional businesses, are established with the goal of rapid growth and often take risks and receive a large amount of investment. These investments are used to accelerate the growth of the business and they often develop projects that focus on technological innovation. However, the survival and growth of startups is often a challenging process.

Entrepreneurs have to constantly improve their product and business model, impress their customers and satisfy investors in order for their business to succeed. A successful startup is achieved with a team that believes in and is excited about its product, a business model that meets the needs of customers, and proper management of its financial resources. Building a startup therefore requires a great deal of risk and dedication, but can offer significant rewards when it succeeds. Let’s see what happened in the startup ecosystem this week.

Also See: Superorder Receives Investment to Sustain Online Operations of Restaurants

Startups that received investment

KKR is doubling its investment in Reliance Retail, valuing it at $100bn with a new $250m investment in India’s largest retail chain. Click for more information.

Ascend Elements, a US-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced that it has raised $542 million in new equity investments. Click for more information.

Binalyze is an Estonia-based cyber security startup founded by Emre Tinaztepe. The startup received $19 million investment in a Series A round led by Molten Ventures. Click for more information.

DRUID, the world leader in conversational artificial intelligence technology, has received investment! Click for more information.

Treefera, a startup founded by Jonathan Horn and Caroline Gray, recently raised $2.2 million in funding to solve the credibility problem associated with the carbon offset industry through the use of artificial intelligence (AI). Click for more information.

Data Analytics Databricks announced that it has received an investment of $ 500 million. The San Francisco-based startup raised $500 million in the Series I investment round led by T. Rowe Price. Click for more information.

Revel, a Spanish company specialised in digital car subscription services, has successfully closed a €115 million round to accelerate its growth and develop its technological platform. Click for more information.

Superorder announced that it has raised $10 million in a funding round led by Foundation Capital with participation from Y Combinator managing director Michael Seibel, Cruise co-founders Kyle Vogt and Daniel Kan I2BF Global Ventures and others. Click for more information.

This week's news

Apple on Tuesday officially announced the next generation of its smartwatch, the Apple Watch Series 9, during the company’s special “Wonderlust” event. The new version of the Apple Watch comes in a design that is identical to the previous generation, but now with a faster processor and improved sensors. Click for more information.

Apple has announced the Apple Watch Ultra 2, which replaces the high-end model first introduced a year ago. The new model gets improved internals shared with the Apple Watch Series 9, as well as a new all-black colour option. For some time, the Cupertino company was rumoured to be working on an Apple Watch Pro, which turned out to be branded as the Apple Watch Ultra. At 49mm and 2000 nits, it had the largest Apple Watch face ever, with the display offering twice the brightness of the standard model. Click for more information.

Apple today announced the iPhone 15 and iPhone 15 Plus, featuring improved performance, the Dynamic Island previously seen on the iPhone 14 Pro, a range of new colours and a USB-C port that replaces the Lightning connector. Like last year, the iPhone 15and iPhone 15 Plus feature 6.1-inch and 6.7-inch displays. However, Apple said the maximum brightness can now go up to 2000 nits. Apple’s colour coatings are now embedded all over the glass to create impressive new coloured finish. iPhone 15 is available in pink, yellow green, blue and black. Click for more information.

Apple officially announced the iPhone 15 Pro and iPhone 15 Pro Max during the “Wonderlust” autumn event. The new Pro models use a brushed titanium case instead of stainless steel. Apple says the new iPhone 15 Pro is the lightest professional model ever. It also has the thinnest bezels ever. The overall size has been reduced without reducing the screen size. The new iPhone 15 Pro also has a rumoured Action button instead of a mute switch. It can launch the camera app, call up Shortcuts or accessibility features, launch a voice memo and more. Click for more information.

Turkey’s Istanbul Approximately 3,000 industry experts, including 200+ investors, 500+ startup reps, and 2,000+ IT talents from many disciplines, are expected to attend the EMERGE IT Conference on October 1-2 in Istanbul. This yearly event, which brings together entrepreneurs, investors, and ecosystem actors from Turkey, the MENA, CEE, the Balkans, and Central Asia, is known as one of the major international tech conferences in the New East. Click for more information.