Startups Weekly: Startups raised funding to help others navigate challenges

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Sometimes problems are just that: problems. But often, they are also fodder. This week brought us a mix of startups facing adversity, sometimes of their own doing, and others that are thriving. Most interesting startup stories from the week Image Credits:Ramp / co-founders Karim Atiyeh, Eric Glyman, and Gene Lee Some startups racked up revenue and contracts; others racked up lawsuits. Ramping up: Fintech startup Ramp more than doubled its annualized revenue to $700 million. In a recent secondary share sale, it also nearly doubled its valuation to $13 billion. Bang a gong: Revenue prediction startup Gong surpassed $300 million in annualized revenue, putting the AI company on the path to a potential IPO. Mach speed: Mach Industries, a defense tech startup backed by Sequoia, landed a contract with the U.S. Army and has plans for i ... Read full article.