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Before this newsletter takes a break for the Fourth of July next week, here are the startup stories and funding rounds that caught our eye over the last few days, which have been quite busy.
Most interesting startup stories from the week
Image Credits:SOPA Images / Contributor / Getty Images
This week brought us lawsuit updates, M&As, and a combination of both.
AI agents: Data cybersecurity company Rubrik acquired Predibase to accelerate the adoption of AI agents by its users. The startup, which helps companies fine-tune AI models, had raised some $28 million in venture capital. Deal amount wasn’t disclosed but was reportedly sizable.
Sailing: German startup Kadmos, which had raised $38 million in external capital for its salary payment platform for seafaring workers, got acquired by NYK Line as part of the Japanese shipping firm’s efforts to expand its fintech services.
Red herring? Embattled AI music startup Suno announced the acquisition of WavTool, a browser-based AI digital audio workstation, in a deal that actually happened a few months ago but that it chose to disclose on the heels of yet another copyright lawsuit.
Unstable ground: Getty Images dropped its primary lawsuit against Stability AI, the startup behind AI image generator Stable Diffusion, but other lawsuits continue, both in the U.S. and in the U.K.
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