A decade ago, startups often equated success with rapid headcount growth. The formula was simple: build a product, raise a round, hire fast. Bigger teams meant bigger bets. But the rulebook is getting rewritten as a new generation of startups scales with leaner teams and fewer people. They’re not building out sprawling customer support or sales teams, and seem to be automating what once warranted entire departments. Their growth is quite remarkable. Cursor, which became the fastest-growing SaaS company in history, generated $200mn in revenue with 30 employees. Midjourney made $200mnn with 40. Ben Lang’s site Tiny Teams tracks these…This story continues at The Next Web [...]
When I first wrote “Vector databases: Shiny object syndrome and the case of a missing unicorn” in March 2024, the industry was awash in hype. Vector databases were positioned as the next big thing [...]
Welcome to our latest roundup of what's going on in the indie game space. Once again, there are some neat new games for you to check out this weekend. We've got a bunch of updates and announ [...]
The battery that made Nyobolt a unicorn does not power a car. It powers a warehouse robot. The Cambridge-based startup announced on Tuesday that it has closed a 60 million dollar Series C round at a o [...]
London-based digital challenger bank Allica Bank has officially crossed the unicorn threshold after closing a $155 million Series D funding round that valued the company at around $1.2 billion. This p [...]
Satispay, the Milan-based mobile payments company that became Italy’s second unicorn in 2022, is reportedly planning to raise up to €120 million ($139 million) in fresh funding. The round would fu [...]
Sarvam, the Bengaluru company building India’s sovereign AI stack, has become the country’s newest AI unicorn. It has raised $234m in the first close of a $300m Series B, at a $1.5bn valuation, le [...]