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By EquityPandit

STARTUPS

Antler Raised $285 Million for New Fund for Funding Growth Stage Startups

Antler raised $285 million for Antler Elevate to invest in growth-stage startups.

Netherlands-based Venture Capital firm Antler has raised $285 million for a new fund to invest in growth-stage companies worldwide. 

Antler Elevate, announced by the VC firm in a statement on June 9, would be managed from its offices in London, Singapore and New York. Some investors in the new fund include Schroders, Korea Venture Investment Corp, Vaekstfonden and M&G Catalyst.

The new fund will invest in Series A and subsequent fundraising rounds of growth-stage startups with a good product-market fit and compounding growth to provide scale-up finance. As per a blog post on the company’s website, Antler’s early-stage funds covering 20+ ecosystems have already invested more than $70 million in over 30 such startups. 

Founded in 2017, the VC is present in 17 countries and has seeded more than 750 businesses across various industries and technologies and plans to reach over 6,000 companies by 2030. 

Antler is an investor in  28 startups based in India, all of which are yet to attain the unicorn title. The India arm of the company also selected 19 student entrepreneurs for its inaugural Antler India Fellowship cohort in January 2022. India’s startup ecosystem is currently the world’s third-largest.

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TECHNOLOGY

Trump to Review TikTok Sale Plans in Wednesday Meeting

Dhruva Kulkarni

President Donald Trump will review a proposal on Wednesday for TikTok’s US divestment from ByteDance, just days before the 5th April deadline.

The deal may involve Oracle, Blackstone, and other investors, with Oracle providing security assurances while TikTok’s algorithm remains under Chinese control.

Trump will consult with Vice President JD Vance and top officials, though it’s unclear if ByteDance or China are involved.

The sale deadline, initially set for 19th January, has already been extended once, and Trump may extend it further if needed.

Critics, including some Republican lawmakers, argue the deal may not fully address data security concerns or Chinese influence.

Trump has downplayed urgency, noting strong investor interest and suggesting he might lower tariffs to gain Beijing’s approval.

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TECHNOLOGY

India Emerges as Fastest-Growing Market for AI Voice Tech Firm ElevenLabs

Dhruva Kulkarni

India has become the fastest-growing market for AI voice technology firm ElevenLabs, with a 50% growth in usage from November to January, driven by the country’s diverse languages and increasing demand for quality voice translation.

Founded just two years ago, ElevenLabs has achieved unicorn status, raising $180 million in its latest funding round and expanding its team from 5 to 150 employees.

The company gained attention for dubbing Prime Minister Narendra Modi’s interview with Lex Fridman and has also worked on AI voice dubbing for world leaders like Volodymyr Zelenskyy and Javier Milei.

ElevenLabs’ mission is to preserve the essence of original voices while making content more accessible, claiming to have the best voice technology.

The AI voice market is projected to reach $1.82 billion by 2030, with increasing competition from giants like Google and OpenAI.

The company has partnered with major organisations such as Star Cricket and Qube Cinema and launched a speech-to-text tool, Scribe, in 11 Indian languages with superior accuracy.

ElevenLabs remains focused on innovation, continued investment in AI research, and expanding its reach in India.

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TECHNOLOGY

Perplexity CEO: No Financial Issues, No IPO Before 2028

Dhruva Kulkarni

Perplexity CEO Aravind Srinivas dismissed concerns about the company’s financial health, stating it has sufficient funding, growing revenue, and no IPO plans before 2028.

A Reddit post alleged financial struggles at Perplexity, citing cost-cutting measures like Auto mode resetting user-selected models and the removal of high-quality models like o1.

Srinivas clarified that Auto mode was introduced to simplify AI products by reducing excessive buttons and menus.

He acknowledged that rapid feature rollouts, such as Answer mode, have led to bugs, quality issues, and user confusion. Srinivas apologised for the dip in quality and lack of transparency, promising to improve internal processes.

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TECHNOLOGY

ChatGPT’s Viral Ghibli-Style Images Spark AI Copyright Debate

Dhruva Kulkarni

Studio Ghibli fans were thrilled that a new ChatGPT feature would let them transform memes and personal photos into Hayao Miyazaki’s signature style. However, the trend sparked ethical concerns over AI’s impact on artists and copyright. Miyazaki, known for hand-drawn animation, has been critical of AI in animation.

Users shared AI-generated Ghibli-style images, including personal photos, famous images, and memes. OpenAI encouraged the trend, with CEO Sam Altman changing his profile picture to a similar image. The company stated it avoids mimicking living artists but permits broader studio styles.

Studio Ghibli has not commented, but Miyazaki’s past remarks resurfaced, calling AI animation an “insult to life itself.” Legal experts questioned whether OpenAI had the right to train its AI on Ghibli’s work. While “style” isn’t copyrightable, AI-generated works could still resemble copyrighted material.

Artists criticised OpenAI for exploiting Ghibli’s reputation without consent. The controversy intensified when the White House used AI to create a Ghibli-style image of a detained immigrant, fueling further backlash.

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TECHNOLOGY

Google Launches Gemini 2.5 Pro with Enhanced Reasoning Capabilities

Dhruva Kulkarni

Google introduced its generative AI assistant, Bard, in early 2023, later renaming it Gemini. Over time, Gemini has been integrated into services like Gmail and Google Workspace to enhance productivity.

The AI can process text, images, and videos, generating responses, photos, and even videos from text prompts.

Google DeepMind has unveiled Gemini 2.5 Pro, its most advanced AI model, featuring improved reasoning for better accuracy and performance.

The model leads the LMArena leaderboard and can solve complex math problems, write advanced code, and even generate a video game from a single-line prompt.

Gemini 2.5 Pro is available on Google AI Studio, and the Gemini app is available for Gemini Advanced users, with plans to roll it out on Vertex AI soon.

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