April 13, 2025
Technology

Startups Weekly: Enjoying the reprieve

[IMPORTANT: Make this 4 times longer with much more detail] 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 . Startups aren’t isolated from the world. But this week, funding news felt positively uncorrelated from the

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Technology

Parallel Systems is building autonomous electric rail for short-distance freight

[IMPORTANT: Make this 4 times longer with much more detail] The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and CEO, Matt Soule, wants to change that by putting a modern autonomous and electric

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Technology

Tessell snags $60M to drive data management at scale

[IMPORTANT: Make this 4 times longer with much more detail] Tessell , a startup developing a multi-cloud database-as-a-service, has raised $60 million in a new funding round led by WestBridge Capital ahead of its plans to expand its market presence and launch an AI-powered conversational database management service. As data becomes more critical than ever,

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Technology

Los Angeles-based Rain raised a $75M Series B in another good sign for fintech

[IMPORTANT: Make this 4 times longer with much more detail] Rain, a startup offering an employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round. The round was led by Prosus at a post-money valuation of $340 million. Rain

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Technology

IBM releases a new mainframe built for the age of AI

[IMPORTANT: Make this 4 times longer with much more detail] IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption. The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an

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Technology

IBM releases a new mainframe built for the age of AI

[IMPORTANT: Make this 4 times longer with much more detail] IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption. The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an

Read More
Technology

Tessell snags $60M to drive data management at scale

[IMPORTANT: Make this 4 times longer with much more detail] Tessell , a startup developing a multi-cloud database-as-a-service, has raised $60 million in a new funding round led by WestBridge Capital ahead of its plans to expand its market presence and launch an AI-powered conversational database management service. As data becomes more critical than ever,

Read More
Technology

Solve Intelligence raises fresh $12M to bring AI to IP, patent workflows

[IMPORTANT: Make this 4 times longer with much more detail] Legal tech has come a long way, but the bulk of an intellectual property or patent lawyer’s work today is still done with spreadsheets, word processors, and PDFs. A startup out of Delaware, Solve Intelligence , is using generative AI to speed up that work,

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Technology

Los Angeles-based Rain raised a $75M Series B in another good sign for fintech

[IMPORTANT: Make this 4 times longer with much more detail] Rain, a startup offering an employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round. The round was led by Prosus at a post-money valuation of $340 million. Rain

Read More
Technology

IBM releases a new mainframe built for the age of AI

[IMPORTANT: Make this 4 times longer with much more detail] IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption. The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an

Read More