Category: Startups

CybersecurityFintechStartups

Spanish Cybersecurity Firm Acoru Secures €10 Million to Combat AI-Powered Financial Crime

Acoru, a Madrid cybersecurity platform specializing in AI fraud prevention, has raised €10 million in Series A funding. The company’s technology helps financial institutions detect criminal intent before transactions occur, addressing a growing $500 billion global fraud problem.

Funding for Next-Generation Fraud Prevention

Spanish cybersecurity platform Acoru has reportedly secured €10 million in Series A funding to expand its AI-powered fraud and money laundering detection technology, according to investment reports. The Madrid-based startup, founded in 2023 by cybersecurity veterans, focuses on predicting and preventing financial crime before transactions are initiated.

by Darren Holt
AIStartupsTechnology

Serval Secures $47M to Deploy Dual-Agent AI System for Enterprise IT Automation

Serval has developed a novel approach to AI-powered IT management using two specialized agents: one for building automation tools and another for executing them. The company’s $47 million funding round was led by Redpoint Ventures with participation from several prominent venture firms. Major AI companies including Perplexity and Together AI are already using Serval’s platform.

Major Funding for AI-Driven IT Transformation

Enterprise AI company Serval has reportedly secured $47 million in Series A funding to advance its unique approach to IT service management automation, according to TechCrunch reports. The substantial investment round was led by Redpoint Ventures, with participation from several prominent venture firms including First Round, General Catalyst, and Box Group.

by Mason Drayton
BusinessStartupsTechnology

Tinder Undergoes Major Revamp to Win Back Gen Z Users Amid Growth Challenges

Tinder is undergoing a significant transformation under new Match Group CEO Spencer Rascoff, sources indicate. The dating app is accelerating product launches and restructuring teams to better appeal to Gen Z users amid declining downloads and increased competition.

Tinder’s Cultural Transformation Under New Leadership

Tinder is experiencing what company leaders describe as a “cultural reset” following the appointment of Spencer Rascoff as Match Group CEO, according to reports. The dating app, which has seen plateauing revenue and declining paying users, is undergoing significant operational changes aimed at reclaiming its position as the dominant platform for young daters.

by Mason Drayton