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Source: Tech Crunch

Sorry, haters. Ferrari’s first EV is doing just fine

Startups

"Despite initial public backlash and a stock dip following its reveal, Ferrari's first electric vehicle, the Luce, has exceeded sales expectations. Designed by Jony Ive, the €555,000 five-seater reached its annual sales target of nearly 500 units in just two months. While critics panned its styling, the car's performance and Ferrari's loyal, wealthy customer base, particularly in China, have driven its surprising commercial success.".

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Source: Tech Crunch

Waymo robotaxis are starting to return to freeways

Startups

Waymo is gradually resuming freeway operations in Phoenix, Los Angeles, and the San Francisco Bay Area after a two-month pause. The company implemented software updates to improve robotaxi performance and scene recognition in construction zones following a voluntary recall of nearly 4,000 vehicles. This restart occurs amid heightened scrutiny and proposed federal safety standards aimed at addressing autonomous vehicle behavior around emergency responders and construction sites.

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Source: Tech Crunch

US government bans new foreign-made humanoids, robot dogs, and solar inverters, citing risks to national security

Startups

"The Trump administration and FCC have banned imports of new foreign-made humanoid robots, robot dogs, and power inverters, citing national security risks. Primarily targeting Chinese products, the move aims to prevent foreign surveillance and cyberattacks. While existing devices remain unaffected, the ban reflects ongoing tensions between the U.S. and China. Beijing has rejected the decision, ahead of a planned meeting between President Trump and Premier Xi Jinping.".

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Source: Tech Crunch

Google brings its age-assurance technology to Android developers worldwide

Startups

"Google is expanding its Play Signal API globally by 2026 to help Android developers provide age-appropriate experiences for younger users. Initially launching in Australia and Canada this August, the tool allows parents to share a child's age range via Family Link without revealing personal data. This move follows regulatory pressure and mirrors Apple's age-verification tools, offering an opt-in system to enhance safety and content customization.".

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Source: Tech Crunch

Elon Musk’s X settles multiyear legal battle with the World Federation of Advertisers

Startups

Elon Musk’s X has settled its legal dispute with the World Federation for Advertisers (WFA), ending a lawsuit over alleged illegal boycotts. X had accused the WFA’s Global Alliance for Responsible Media (GARM) of coordinating a spending drop due to brand safety concerns. As part of the resolution, the WFA discontinued GARM and pledged not to restart the initiative, aiming to reset the relationship between the two organizations.

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Source: Tech Crunch

Hint, a new AI startup co-founded by Martha Stewart, offers an AI assistant for homeowners

Startups

Martha Stewart has co-founded Hint, an AI-powered app designed to streamline home maintenance and management. The platform leverages public data and user uploads to provide personalized maintenance schedules, energy management, and document storage. Stewart provides active expertise in home care and branding to refine the user experience. Backed by $10 million in funding, the iOS app is currently free, offering homeowners a comprehensive tool for property upkeep.

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Source: Tech Crunch

Perplexity employee who worked on Comet launches an AI browser aimed at knowledge work

Startups

AI browser trends have shifted from general consumer search toward agentic automation for knowledge workers. Polar, a startup led by former Perplexity employee Kevin Jiang, recently raised $5.7 million in seed funding led by Madrona. Polar's AI-first browser enables users to schedule workflows and assign tasks to agents for roles like sales and research. The tool offers a free tier and subscription plans starting at $20 monthly.

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Source: Tech Crunch

Encore AI raises $30M to build AI agents that learn from customer calls

Startups

The startup analyzes calls, messages and CRM data to identify effective sales techniques and turn them into playbooks for AI agents.

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Source: Tech Crunch

DoorDash is building its own drone delivery business

Startups

DoorDash has unveiled DoorDash Air, a new drone delivery service following FAA Part 135 certification. The company plans to integrate custom-built drones into its delivery network alongside existing sidewalk bots and human drivers. Managed by DoorDash Labs, the initiative utilizes a specialized Autonomous Delivery Platform to optimize dispatching. While maintaining partnerships with Wing and Flytrex, DoorDash aims to solve complex autonomy challenges to improve customer delivery efficiency.

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Source: Tech Crunch

Spotify adds a running mode to its app

Startups

Running Mode will be available to Premium users on iOS in select countries.

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AI startup Revspot raises $4.8M in Series A round

Startups

"Bengaluru-based AI startup Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The company, which automates lead generation and qualification for B2C businesses, plans to use the capital to enhance its engineering capabilities, expand into new high-ticket sectors, and enter international markets. Revspot currently serves over 50 customers across real estate, education, and automotive industries.".

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Anicut Capital launches Rs 175 Cr seed fund to back early-stage startups

Startups

"Chennai-based Anicut Capital has launched the Grand Anicut Seed Fund (GASF) with a target corpus of Rs 175 crore and a Rs 75 crore greenshoe option. The fund targets pre-Series A and Series A startups in deeptech, enterprise technology, consumer businesses, and financial services. GASF aims to support over 20 companies with investments between Rs 5 crore and Rs 8 crore, building on the success of its previous angel fund.".

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Source: Tech Crunch

Fast Metals is treating waste with more waste to extract critical minerals

Startups

Fast Metals, a startup led by CEO Sumedh Gostu, has raised $4.3 million in pre-seed funding to extract valuable minerals from red mud, a caustic aluminum refining waste. By utilizing another waste stream, the company can economically recover iron, titanium, and rare earth elements. Fast Metals plans to scale its operations through a commercial contract with Metalox to process one ton of waste weekly later this year.

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Freshworks appoints Ryan Manning as chief product and technology officer

Startups

Freshworks has appointed Ryan Manning as Chief Product and Technology Officer, effective August 10. Reporting to CEO Dennis Woodside, Manning succeeds Srini Raghavan and will unify product and technology strategies to accelerate AI and customer experience innovation. Manning previously worked at ServiceNow and co-founded FreeAgent CRM. Financially, Freshworks reported a 16% revenue increase to $228.6 million in Q1 2026, though its net loss rose to $4.8 million.

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Source: Tech Crunch

As AI content floods the internet, Pangram raises $9M to detect it

Startups

Pangram has raised $9 million to scale its AI detection software. The startup has also released a new AI text detection model, Pangram 4, and an AI image detection model in research preview.

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D-Propulse is building a jet engine with no moving parts for supersonic and hypersonic flight

Startups

D-Propulse Aerospace, founded in New Delhi and incubated at IIT Madras, is developing India's first rotating detonation engine. This technology offers greater thermal efficiency and mechanical simplicity compared to traditional jet engines. Having raised Rs 25 crore, the company has progressed to Technology Readiness Level 5 following successful ground tests of a 5-kilonewton prototype. D-Propulse aims to create propulsion systems for high-supersonic and hypersonic platforms.

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Green Aero is building hydrogen-powered jet engines for drones, aircraft and ships

Startups

Green Aero, founded by Dr. Prithwish Kundu and incubated at IIT Delhi, aims to reduce India's dependence on imported aircraft engines. The startup focuses on high-efficiency conventional turbines and hydrogen-powered propulsion, recently test-firing the "Blue Dragon" engine core. With $1.6 million in seed funding from pi Ventures and Antler, the company targets the defense and civil aviation markets, developing indigenous propulsion for drones and aircraft.

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Misochain makes the flight-critical aircraft components that India usually imports

Startups

Bengaluru-based Misochain, founded by former Honeywell engineers, is developing indigenous flight-critical subsystems, including air data probes, to reduce India's reliance on aerospace imports. Holding AS9100D certification, the company focuses on design and testing while outsourcing precision machining. Recently, Misochain raised Rs 18 crore in seed funding led by Capital-A to expand its manufacturing facility and accelerate certification for drone and defense platforms.

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Olee Space is building laser communication systems and directed energy weapons for India

Startups

Pune-based startup Olee Space is developing photonics technology, including quantum-secure communications and directed energy weapons. To counter expensive missile-based air defense, the company offers a laser system for drone neutralization costing less than one dollar per shot. Olee Space recently delivered a production-grade weapon to the Indian Armed Forces and raised $3 million in seed funding to scale production and advance its optical communication protocols.

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CIIC’s Mega Demo Day returns with bigger startup showcase

Startups

"The Crescent Innovation & Incubation Council will host its fifth Mega Demo Day on August 5, 2026, featuring over 150 startups across various sectors. The event aims to foster partnerships between entrepreneurs, investors, and policymakers through networking and product launches. A highlight will be the inauguration of the Atal Incubation Centre, expanding support for high-potential ventures as part of India's broader national innovation and startup ecosystem.".

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