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Meta releases its CapCut rival Edits globally
Meta announced on Tuesday that it’s officially launching Edits, its CapCut-like video-creation app. Releasing globally, Edits will allow creators to do things like keep track of video ideas, get inspiration for new content, and create videos with effects and AI tools. The app is available on iOS and Android. All of the app’s features will…
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Ex-Meta engineer raises $14M for Lace AI, a revenue generation software startup
As an AI engineer at Meta, Boris Valkov helped build PyTorch, one of the world’s largest machine learning libraries. During his time there, Valkov realized that artificial intelligence “was about to unlock capabilities…in the application layer in the software stack.” He left Meta in late 2021 to start Lace AI, a startup that has developed…
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India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of…