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Top Tech Company News News

Insurance Giant Progressive Is Hiring 12,000 Workers This Year—and It's Using AI to Parse Through Hundreds of Thousands of Applications
Artificial Intelligence

Insurance Giant Progressive Is Hiring 12,000 Workers This Year—and It's Using AI to Parse Through Hundreds of Thousands of Applications

100% Center coverage: 2 sources
It’s a tough hiring environment these days. Many businesses have slowed or paused hiring amid economic uncertainty. So, any employer increasing its hiring volume is like a magnet for job-seekers. That’s the case for Progressive. The insurance giant recently announced plans to hire more than 12,000 employees for 2025, up from 10,000 new hires last year. Additionally, the company’s talent acquisition team expects to receive hundreds of thousands o…See the Story
Rime Secures $5.5M In Seed Funding To Deliver Hyper-Realistic Voice AI For Business Applications
San Francisco, California · San Francisco

Rime Secures $5.5M In Seed Funding To Deliver Hyper-Realistic Voice AI For Business Applications

Rime raises $5.5 million in seed funding to expand its voice AI platform focused on producing realistic, human-like speech for enterprise use. The company builds models like Arcana and Mist2 using a proprietary dataset of diverse conversational speech. Its technology already supports millions of interactions monthly across industries such as healthcare, telecom, and food services. Why Investors Bet on Rime’s Voice Technology Rime has secured $5.…Read Article
Zown Transforms Homebuying By Turning Real Estate Commissions Into Down Payment Assistance
Canada · Canada

Zown Transforms Homebuying By Turning Real Estate Commissions Into Down Payment Assistance

Zown is a real estate platform that redirects up to 1.5% of buyer-agent commissions back to homebuyers as down payment assistance. By automating key steps with AI and breaking down agent roles into task-based services, it lowers costs and speeds up the buying process. The platform has completed over 250 closings and facilitated $300 million in transactions across Canada and California. The Hidden Cost in Every Home Purchase No One Talks About Tr…Read Article

StackHawk Raises $12M Funding to Secure AI-Driven App Development - AI-Tech Park

StackHawk, the shift-left API security platform, today announced it has taken on $12 Million in additional funding from Sapphire and Costanoa Ventures to help security teams keep up with the pace of AI-driven development. With this funding, StackHawk will expedite shipping products and features that make it simple for modern teams embracing AI-driven development to scale safely, especially in data-sensitive industries such as healthcare and fint…Software · United StatesSee the Story

Eagle Merchant Partners Closes $415 Million Fund II And Expands Control Investment Strategy In The Southeast

Eagle Merchant Partners has closed its second fund at $415 million, surpassing its target in just seven months with support from a broad investor base. The firm continues its strategy of control investments in founder-owned businesses across the Southeastern U.S., focusing on franchise, multi-unit, and commercial services sectors. With its operational playbook, Eagle aims to scale companies through leadership development, geographic expansion, a…United States · United StatesSee the Story

Gravitee Raises $60 Million And Powers The Future Of Agentic API And Event Management

Gravitee secures $60 million in Series C funding to accelerate development of its Agentic API and Event Management Platform, focusing on secure, observable, and orchestrated digital ecosystems. The company continues to integrate REST and streaming APIs with robust governance and Kafka capabilities. Backed by Sixth Street Growth, Gravitee expands its global reach while deepening its commitment to open-source and enterprise trust. From Open Source…Read Article

AI-for-EDA Startup Cognichip Raises US$33 Million

Startup Cognichip Inc. has announced it raised US$33 million in seed funding in 2024 and that it plans to introduce a ‘physics-informed’ AI model for semiconductor design. The company claims that its Artificial Chip Intelligence understands, learns, and solves chip design problems. This will reduce chip design times down by 50 percent and development cost […] The post AI-for-EDA startup Cognichip raises US$33 million appeared first on eeNews Eur…Artificial Intelligence · CaliforniaSee the Story

Theom Launches Data Operations Center And Secures $20M In Series A Funding

Theom secures $20 million in Series A funding to expand its AI-native Data Operations Center, built to secure data directly rather than relying on traditional infrastructure tools. The platform offers real-time enforcement, federated control, and autonomous threat detection across multi-cloud and GenAI environments. Early adoption by enterprises like JetBlue and Grammarly highlights its effectiveness in reducing insider risk and enabling governe…Infrastructure · San FranciscoRead Article

Glass Imaging Secures $20 Million To Push AI Imaging Tech Into Smartphones And Drones

Glass Imaging has raised $20 million in Series A funding to scale its AI imaging software, GlassAI, across smartphones, drones, and wearable devices. The technology enhances image quality by correcting lens and sensor flaws using edge AI, offering results beyond traditional processing methods. The company is led by former Apple engineers and backed by Insight Partners, GV, and other prominent investors. The $20 Million Power Move That Everyone i…Drones · San FranciscoRead Article

ByteNite Enables Developers To Run Compute-Heavy Workloads Without Managing Servers

ByteNite enables developers to run containerized, compute-heavy workloads at scale without managing servers or infrastructure. Its distributed execution fabric, pre-warmed runners, and usage-based pricing support fast, reliable performance for tasks like AI inference and data pipelines. Built with a developer-first approach, ByteNite streamlines deployment through a CLI, APIs, and simple configuration files. Skip the Servers, Not the Power ByteN…Read Article

Cart.com Raises Additional $50M, Reaches $1.6 Billion Valuation And Strengthens Its Commerce Platform

Cart.com secures $50 million in new funding, increasing its total capital raised to $475 million and its valuation to $1.6 billion. The company plans to use the investment to expand its logistics network, enhance its unified commerce platform, and pursue further acquisitions. Recent growth includes adding five fulfillment centers and acquiring OceanX and Amify to strengthen its operational capabilities. Big Money Moves: Cart.com Lands $50 Millio…United States · United StatesRead Article

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