Startup Weekly: Drama or a game changer? You decide

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There is little news about M&A and IPOs this week, but if your thing is yours, there is still some drama to follow - and more importantly, some startups worth a try get funding.

The most interesting entrepreneurial story of the week

Christine Hunsicker, founder and CEO of Caastle Inc., spoke at the Bloomberg Leaving CEO Summit in New York, USA on Tuesday, June 18, 2019. Disengagement Summits are a gathering point for communities to acquire new strategies, skills and perspectives that can change their organizations. Photographer: Mark Kauzlarich/Bloomberg by Getty Images
Image source:Bloomberg/Contributor/Getty Images

From rash to more serious things, there are many legal entrepreneurial developments this week.

propose: Startups have launched products like "Truely" to catch people using the virus AI cheat app Cluely, but the startup says it's ready to take the lead with hardware products, which will make detection more difficult.

Siege: Caastle, a troubled fashion startup, faces new lawsuits and charges after its founder was accused of financial misconduct.

figure out: Hot Robotics startup AI sent stop letters to at least two brokers operating in the secondary market asking them to stop marketing the company's shares.

Still fighting:Imaguru is Belarus’ first entrepreneurial hub. Now, its founder is in exile, but continues to carry out his mission, with its hub in Warsaw and Madrid supported by European institutions.

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TV series: Deel formally agreed to be solicited for legal documents in a lawsuit initiated by its rival Ripple, a competitor suspected of spies.

Flawed: A mysterious London investor asked the U.S. bankruptcy judge to stop selling EV startup assets to its CEO, calling it a "flawed" process.

The most interesting VC and funding news of the week

Image source:Under IXI (Opens in new window) license.

If all the startups funded this week are announced to meet their goals, the world could be a better place. In addition, some funds are ready to support more entrepreneurs.

Casting net:Cast AI is a startup build tool that launches AI that optimizes workloads for AI and automation tasks and raises $108 million in Series C to facilitate its R&D and geographic expansion.

Strong running: Lightrun is an Israeli startup whose AI-enabled observability platform helps debug code and, along with former investor Insight Partners, locked in the $70 million Series B series co-led by New Backer Accel.

Legal Technology:Supio is a startup that uses AI to automate data collection and analysis of legal teams, raising a $60 million funding round led by Sapphire Ventures.

Bold vision:IXI, a Finnish startup looking to bring autofocus to prescription glasses, raised $36.5 million from Amazon’s Alexa Fund and others to work on its first commercial product.

B2B Trade: Nuvo is a San Francisco-based startup whose platform helps buy physical goods between businesses and has raised $34 million in Series A from Sequoia Capital and Spark Capital.

Omniretail, which aims to promote B2B e-commerce in Nigeria and West Africa, raised $20 million in Series A by Norwegian development financial institution Norford and Nigerian venture capital firm Timon Capital.

Early detection: Japanese startup Craif, a spin-off of Nagoya University that uses MicroRNA to develop AI-powered early-stage cancer detection software, raised $22 million in C Series C to boost its expansion and R&D.

balloon: Nearby Space Laboratory, a startup whose balloon-based aerial imaging platform can use dual-use apps and has obtained a $20 million Series B series B led by Bold Capital Partners, a venture capital firm founded by Peter Diamandis.

Hot: Glacier is a startup behind a robotic recovery fleet that has been deployed in several U.S. cities and has received $16 million Series A led by the Ecosystem Integrity Fund, Amazon’s Climate Commitment Fund.

No broken: Kintsugi, an AI business tax startup named after the art of repairing pottery in Japan, raised $15 million from tax technology solutions provider Vertex and $3 million from existing investors, and valued in a currency of $150 million, up from $80 million in November.

No more PR: Hoofprint Biome, a startup that cuts methane emissions by modifying the microbiome of cattle, raised $15 million in Series A A by SOSV.

UK upward spaceVolution, a UK-based VC investment in fintech, AI and SaaS startups, launched a new $100 million fund to double down on its paper.

One unit: Ewor, a European entrepreneur-centric platform, has launched its own "Founder Scholarship", which will compete with Harry Stebbings' European Scholarship Program.

last but not least

Image source:Neo

You may not have heard of Ali Partovi, but those who know it. Iran-born Harvard graduates have an impressive multi-year history, spanning the record of founding and exiting multiple startups and investing in tech giants in the early stages. Now, he leads the 8-year-old venture capital firm Neo, whose early funding is outstanding.