The global race for the AI app layer is still on

The U.S. is far ahead of Europe in the race for large AI models, at least in funding. But the picture is different for the application layer, global VC firm Accel highlighted in its 2025 Globalscape report.

Self-driving trucks startup Einride plans to go public via a SPAC

The Swedish startup just raised $100 million from investors last month.

Figma bets on India to expand beyond design

Figma has opened a new office in Bengaluru as part of a push to deepen its India ties and appeal to more developers.

Groww raises nearly $750M in IPO as India’s retail investing boom continues

The company’s shares opened 12% above their issue price, at ₹112, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion).

Teradar raises $150M for a sensor it says beats lidar and radar

Teradar’s sensor uses the terahertz part of the electromagnetic spectrum, and combines the best traits of radar and lidar sensors without some of the drawbacks.

Australian spy chief warns Chinese hackers are ‘probing’ critical networks for espionage and sabotage

Australia’s intelligence chief warned that Chinese hackers are trying to break into its networks, sometimes successfully, to “pre-position” for sabotage ahead of an anticipated invasion of Taiwan.

Microsoft-backed VEIR is bringing superconductors to data centers

The Massachusetts-based startup is taking tech developed for long distance transmissions lines to solve an emerging problem for data center designers.

Microsoft-backed Veir is bringing superconductors to data centers

The Massachusetts-based startup is taking tech developed for long distance transmissions lines to solve an emerging problem for data center designers.

Teradar raises $150M for a sensor it says beats lidar and radar

Teradar’s sensor uses the terahertz part of the electromagnetic spectrum, and combines the best traits of radar and lidar sensors without some of the drawbacks.

Self-driving trucks startup Einride plans to go public via a SPAC

The Swedish startup just raised $100 million from investors last month.