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Last year, funding into African startups edged past $2 billion, returning to pre-pandemic levels and presenting a mixed bag as expected. Signs suggest 2025 will follow the cautious trends of the past two years. A sharp decline in mega-deals, mirroring global venture capital tightening since the boom of 2020-2021, pushed local and international investors to […]
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Software Development in Sri Lanka
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering on all sorts of promises, from nuclear […]
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Software Development in Sri Lanka
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HoneyBook, a startup last valued in late 2021 at $2.4 billion, told TechCrunch that it hit $140 million in annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled. Many startups that raised in 2021 and have not raised since then remain […]
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Software Development in Sri Lanka
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Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital — a $120 million Series B round in 2021 that valued the company at $1.62 […]
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Software Development in Sri Lanka
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Enterprise browser startup Island just raised a sizable funding round — one that bumps up its valuation significantly, and less than one year after its last fundraise. Dallas-based Island raised $250 million in a Series E round led by Coatue that valued the company at $4.85 billion, the startup announced today. This brings the company’s […]
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Software Development in Sri Lanka
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Update: the deal is done at $32 billion, in cash. Read more here. Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction […]
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Software Development in Sri Lanka
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U.S. president Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector. On Tuesday, however, food e-commerce startup GrubMarket seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million at a post-money […]
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Software Development in Sri Lanka
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Flock Safety and one of its long-time VCs, Bedrock Capital, announced Thursday that the startup raised a fresh $275 million at a $7.5 billion valuation. Flock makes computer vision-enabled video surveillance technology used by law enforcement as well as businesses, property management companies, and so on. It’s best known for its automatic license plate recognition […]
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Software Development in Sri Lanka
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Strong and smart security operations teams are at the heart of any cybersecurity strategy, and today a startup that builds tooling to help keep them on their toes is announcing some funding on the back of a lot of growth. Pentera — which has built a system that launches simulations of network attacks to stress […]
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Software Development in Sri Lanka
Founded in 2017, Atoms Lanka Solutions is a provider of IT consulting and software development services. Throughout the company’s history, we have worked with over 160 customers from 5+ countries..
