Latest Startups & Entrepreneurship News
Nvidia Strikes $20 Billion Licensing Deal with AI Chip Startup Groq
Nvidia announced a non-exclusive licensing agreement with Groq for its inference technology, valued at approximately $20 billion, marking Nvidia’s largest-ever deal. Groq founder Jonathan Ross, president Sunny Madra, and other employees will join Nvidia, while Groq continues independently under new CEO Simon Edwards. The deal, reported December 24-27, 2025, expands Nvidia's AI inference dominance.
Ukraine's Reface Secures $18M in User Acquisition Funding
Kyiv-based AI firm Reface, specializing in AI-powered visual and video content tools like face swapping, raised $18 million from PvX Partners. Founded in 2019, the funding supports non-dilutive user acquisition to scale globally. It accelerates marketing and growth for its machine learning apps serving millions in entertainment.
Prance Raises Seed Funding for AI Recruitment Platform
Tokyo-based Prance Holdings, provider of AI-powered automated recruitment software Prance Hiring, secured undisclosed seed funding led by DEEPCORE. The funds will enhance engineering hires, product development, and adoption amid Japan's labor shortages. DEEPCORE offers AI startup support via communities and accelerators.