Cybersecurity Just Got a $150M Boost: Here’s What You Need to Know!

Welcome back to our weekly roundup!

As always, we're here to bring you the freshest, most exciting updates from the world of startups.

This week, we've got some big moves in AI, breakthroughs in chip technology, and innovative approaches to cybersecurity.

Grab your coffee, and let's dive into the latest news that's shaping the future of technology and business.

Table of Contents

• Featured Startups

• 60-Second News Picks

  • Cyber unicorn Armis buys Israeli startup Silk Secu …

  • Growth Marketing Agency for Startups - Sponsored

  • Korean Startup Raises $72M to Build Custom Large L …

  • Chip Startup Rivos Raises More Than $250 Million t …

• Tweets of the Week

• More Reading

Featured Startups

KillerStartups’ Mission is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders you can help, and founders who can help you!

When we featured Uber in 2010, Founder Travis Kalanick might have still been your driver.

Uber raised their first $1.6MM three months after we featured them. $4.9B later, we are still proud to have discovered them.

60-Second News Picks

Cyber unicorn Armis buys Israeli startup Silk Security for $150 million - THE TIMES OF ISRAEL

Our 30-Second Summary:

In a significant move, the cybersecurity company Armis has acquired the Israeli startup Silk Security for $150 million. Armis plans to enhance its services by integrating Silk's technology, creating an advanced AI-driven platform for monitoring and managing cybersecurity threats across various devices. Silk Security, established in 2022, is known for its ability to consolidate and prioritize security vulnerabilities, aiding organizations in swiftly addressing cyber risks. This acquisition underlines Armis's commitment to providing comprehensive cyber protection in an increasingly connected world.

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Growth Marketing Agency for Startups - Sponsored

Adogy is a digital media agency that obtains media placements in top-tier publications, and grows your site traffic!

Whether your goal is Digital PR or SEO, our expert team is ready to develop and execute a custom content strategy to meet your current needs.

Korean Startup Raises $72M to Build Custom Large Language Models - AI Business

Our 30-Second Summary:

South Korean startup Upstage AI has successfully raised $72 million in a Series B funding round to expand their development of customized large language models tailored for specific industries. Established in October 2020, Upstage AI is now leading the AI sector in South Korea with a total of over $100 million in capital. This recent funding will help them accelerate their AI model development and support their new venture in the U.S. with an office in San Jose, California. Upstage AI's flagship model, Solar LLM, is designed to enhance operations in sectors such as health care, finance, and law through on-prem and cloud-based solutions.

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Chip Startup Rivos Raises More Than $250 Million to Tap AI Boom - Yahoo Finance

Our 30-Second Summary:

Silicon Valley-based Rivos Inc. has successfully raised over $250 million to fuel the development of its first AI-focused chip. Leveraging the open-standard RISC-V architecture, Rivos aims to offer cost-effective alternatives for AI applications that do not require high-end chips like those from Nvidia. The funding, featuring major investors such as Matrix Capital and Intel Capital, will enable Rivos to initiate pilot production using advanced technology from Taiwan Semiconductor Manufacturing Co. This strategic move positions Rivos to capitalize on the growing demand in AI and data analytics.

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Tweets of the Week

More Reading