Startups Weekly: Mercury more than doubled its valuation, and other news

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. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering on all sorts of promises, from nuclear […]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. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering on all sorts of promises, from nuclear[#item_full_content]

Lucid to ramp customer deliveries for Gravity SUV by end of April

Lucid Motors plans to resume customer deliveries for its new all-electric Gravity SUV at the end of April. Getting the Gravity into customer hands is a big milestone for Lucid, whose success will hinge on being able to offer vehicle types popular with American drivers. The Gravity is Lucid’s second vehicle and its first SUV […]Lucid Motors plans to resume customer deliveries for its new all-electric Gravity SUV at the end of April. Getting the Gravity into customer hands is a big milestone for Lucid, whose success will hinge on being able to offer vehicle types popular with American drivers. The Gravity is Lucid’s second vehicle and its first SUV[#item_full_content]

OpenAI is aiming for AGI but landing on Studio Ghibli

OpenAI is reportedly nearing completion of a massive $40 billion funding round, with SoftBank leading the way. But this week, it wasn’t just the company funding news making headlines — its new image generator went live in ChatGPT, with capabilities including the ability to turn ordinary images into Studio Ghibli-style animation stills. While AI-generated art […]OpenAI is reportedly nearing completion of a massive $40 billion funding round, with SoftBank leading the way. But this week, it wasn’t just the company funding news making headlines — its new image generator went live in ChatGPT, with capabilities including the ability to turn ordinary images into Studio Ghibli-style animation stills. While AI-generated art[#item_full_content]

Certification platform Certiverse nabs $11M Series A led by Cherryrock

Certification platform Certiverse raised an $11 million Series A led by Cherryrock Capital, it announced this week. The company was founded by Ruben Garcia, Pablo Meyer, and Federico Lopez in 2023. It lets organizations develop certification exams at, its founders say, far less cost than traditional methods.  Certifications are an age-old method to gain technical […]Certification platform Certiverse raised an $11 million Series A led by Cherryrock Capital, it announced this week. The company was founded by Ruben Garcia, Pablo Meyer, and Federico Lopez in 2023. It lets organizations develop certification exams at, its founders say, far less cost than traditional methods.  Certifications are an age-old method to gain technical[#item_full_content]

Recent work in 6D object pose estimation holds significant promise for advancing robotics, augmented reality (AR), virtual reality (VR), as well as autonomous navigation. The research, published in the International Journal of Computational Science and Engineering, introduces a method that enhances the accuracy, generalization, and efficiency of determining an object’s rotation and translation from a single image. This could significantly improve robots’ ability to interact with objects, especially in dynamic or obstructed environments.Recent work in 6D object pose estimation holds significant promise for advancing robotics, augmented reality (AR), virtual reality (VR), as well as autonomous navigation. The research, published in the International Journal of Computational Science and Engineering, introduces a method that enhances the accuracy, generalization, and efficiency of determining an object’s rotation and translation from a single image. This could significantly improve robots’ ability to interact with objects, especially in dynamic or obstructed environments.Robotics[#item_full_content]

A research collaboration between Shanghai Jiao Tong University, Shanghai Qi Zhi Institution, and Huawei Technologies has introduced BAFT, a cutting-edge autosave system for AI training that minimizes downtime and optimizes efficiency.A research collaboration between Shanghai Jiao Tong University, Shanghai Qi Zhi Institution, and Huawei Technologies has introduced BAFT, a cutting-edge autosave system for AI training that minimizes downtime and optimizes efficiency.[#item_full_content]

Researchers at Kumamoto University have made a significant advance in the field of control engineering by developing a highly accurate mathematical modeling technique for linear periodically time-varying (LPTV) systems. This pioneering research, led by Associate Professor Hiroshi Okajima of the Faculty of Advanced Science and Technology, opens new possibilities for improving technologies such as autonomous driving, robotics, and satellite navigation.Researchers at Kumamoto University have made a significant advance in the field of control engineering by developing a highly accurate mathematical modeling technique for linear periodically time-varying (LPTV) systems. This pioneering research, led by Associate Professor Hiroshi Okajima of the Faculty of Advanced Science and Technology, opens new possibilities for improving technologies such as autonomous driving, robotics, and satellite navigation.[#item_full_content]

Why HoneyBook’s $140M in ARR may finally justify its $2.4B ZIRP-era valuation

HoneyBook, a startup last valued in late 2021 at $2.4 billion, told TechCrunch that it hit $140 million annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled.  Many startups that raised in 2021 and not since remain under pressure to generate […]HoneyBook, a startup last valued in late 2021 at $2.4 billion, told TechCrunch that it hit $140 million annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled.  Many startups that raised in 2021 and not since remain under pressure to generate[#item_full_content]

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