Horizon3 hits $2 billion valuation with $250M Series E as AI threats escalate

Source: Tech Crunch

Horizon3 hits $2 billion valuation with $250M Series E as AI threats escalate

Startups

Cybersecurity startup Horizon3 has raised $250 million in Series E funding, reaching a $2 billion valuation. The San Francisco-based firm offers the NodeZero platform, which uses AI to provide continuous, autonomous penetration testing without disrupting live operations. Driven by rising AI-powered threats and strong growth, Horizon3 plans to expand internationally into Amsterdam, Australia, and Singapore to help enterprises stress-test their defenses at scale.

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Elon Musk throttles Grok Bot limits due to ‘unsustainably high’ costs

Startups

Grok Bot users faced unexpected maxed-out usage limits over Halloween weekend. Elon Musk confirmed this wasn't a glitch, citing unsustainably high serving costs relative to revenue. Despite this, Grok Bot is a success for SpaceX; AI now constitutes 52% of company income, and its "Super Intelligence" division posted a $431 million profit. Musk lauded Grok Bot's rapid.

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ideaForge Returns To Profitability In Q2, Reports Net Profit Of ₹6.5 Cr

Business

Dronetech firm ideaForge posted a net profit of ₹6.5 Cr in Q2 FY27, a significant turnaround from a ₹19.6 Cr loss in the year-ago quarter. This follows a ₹2.6 Cr loss reported in Q1 FY27. The company's operating revenue surged 124% year-on-year to ₹91.3 Cr. Total expenses for the quarter increased by 41.9% to ₹90.1 Cr, with.

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Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ growth

Startups

Space infrastructure firm Northwood Space raised $375 million in Series C funding, co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022, Northwood builds technologies to enhance satellite-Earth communication. CEO Bridgit Mendler will use the capital, which includes an HSBC financial agreement, to scale operations, hire staff,.

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ESDS Q2 Profit Zooms 41% YoY To ₹31.1 Cr, Revenue Up 48%

Business

ESDS Software Solution's Q2 FY27 net profit rose 40.7% year-on-year to ₹31.1 Cr, with revenue growing 48% to ₹138.3 Cr. The company achieved an EBITDA margin of 41.8%. Existing customers contributed 86.7% of revenue. Infrastructure-as-a-Service (IaaS) accounted for 50.5% of revenue.

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Beyond funding: Why every startup founder needs an insurance plan

Startups

From personal term insurance to keyman and employee cover, here's how insurance solutions can help entrepreneurs protect their families, businesses, and teams. Most founders are equity-rich and cash-poor, with household finances quietly tied to the venture: personal guarantees on business loans.

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From code to content: How AI could make India the world’s next story exporter

Startups

AI is poised to transform India into a global content export hub, mirroring its past success in software. Saurabh Pandey's Dolphin AI streamlines video production, democratizing storytelling by removing gatekeepers and significantly reducing costs. This enables India to leverage its rich narratives, particularly in micro dramas, for international audiences. The technology aims to unlock immense creative and economic potential, fostering new global IPs and positioning India as a major content exporter.

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Capillary Q2: Profit Jumps To ₹21.9 Cr, Revenue Surges 51.3% YoY

Business

<summary>Capillary Technologies reported a consolidated net profit of ₹21.9 Cr in Q2 FY27, a significant jump from ₹28.8 Lakh a year earlier. Operating revenue grew 51.3% year-on-year to ₹271.4 Cr. The company returned to profitability after a ₹9.6 Cr loss in Q1, with revenue growth outpacing expenses and a ₹2 Cr net tax credit boosting the bottom line. This.

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CBI Extradites Mahadev Betting App Promoter Sourabh Chandrakar From Oman

Business

The CBI has extradited Mahadev betting app promoter Sourabh Chandrakar from Oman. He faces two CBI cases and an ED money laundering case linked to an alleged ₹6,000 Cr betting operation. The ED's probe covers overseas properties, alleged payments to public servants, and routing proceeds into the Indian stock market. Chandrakar is expected to be produced before a special court in Raipur today, marking a significant step against transnational criminal operations.

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OpenAI might rebrand its data centers as ‘AI compute campuses’

Startups

OpenAI is preparing a post-midterm "PR blitz" to influence the AI debate, anticipating it will be a central issue in the 2028 presidential election. Chief Global Affairs Officer Chris Lehane outlined proposals including developing AI "speed limits," fostering empowering AI use, pushing for U.S. leadership in.

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Binance resumes withdrawals following $6.3 billion breach

Startups

Binance announced phased resumption of withdrawals after a $6.3 billion crypto hack led to a freeze. The exchange has covered 95% of stolen assets, assuring users they will not bear financial losses. The freeze was a necessary security precaution. Withdrawals will resume gradually, though some assets remain partially suspended. The FBI confirmed North Korean group TraderTraitor was responsible for the breach, converting funds primarily into Ethereum.

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Design and experience: How Essensai 067 crafts an open-air lifestyle and community destination

Startups

Essensai 067 in Whitefield offers a unique open-air lifestyle and community destination, diverging from traditional enclosed malls. It integrates dining, entertainment, shopping, wellness, and culture within a green, spacious, and pet-friendly environment. The venue emphasizes sustainability, art, and community engagement through diverse events and experiences, aiming to.

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How voice AI is transforming banking and insurance: Desible.ai founders on the business behind the technology

Startups

In this episode of the Prime Venture Partners Podcast, Gaurav Ranjan sits down with Uttam and Omkar to discuss what it takes to build and sell agentic AI in Indian BFSI, from product engineering and compliance to enterprise sales and scaling beyond the first use case.

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Apple CEO says the company doesn’t ‘want to ship AI for AI’s sake’

Startups

Apple CEO John Ternus defended the company's AI strategy in a Wired interview, despite perceptions of being behind. Ternus, who became CEO in September, stated he "really likes where we’re at" and Apple will "absolutely leverage AI." He emphasized integrating AI seamlessly for user benefit, not "for AI’s sake." Ternus also downplayed fears of AI agents making apps obsolete, stressing the human element in product development.

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4 days left: How TechCrunch Founder Summit helps you make more useful connections to scale

Startups

On November 4 at Boston’s SoWa Power Station, get ready for a full day packed with meaningful networking opportunities, actionable insights, and connections that could change the trajectory of your idea and startup. Register before all prices go up at the door.

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ED Arrests Armstrong Exchange Founder Over Alleged Online Betting Scam

Business

Armstrong Exchange founder Sagar Dash has been arrested by the ED for an alleged online gaming and betting scam. The investigation uncovered a network of mule accounts and shell entities used to route hundreds of crores in crime proceeds. Dash was remanded to ED custody under PMLA. The ED froze approximately ₹9 Cr across multiple bank accounts and also arrested Edsom Fintech CEO Ram Ramdhani, continuing its probe into the extensive financial network.

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OpenAI reportedly lowers funding target for new round

Startups

OpenAI's latest funding round is reportedly facing challenges, with initial targets of $30 billion at a $1.4 trillion valuation now lowered to $20 billion. The company has secured $11 billion so far, experiencing a "tepid" response from some large investors. The round is led by UAE investors, with a retail offering planned. This downturn is partly attributed to Wall Street's caution regarding heavy AI infrastructure spending and a broader tech stock.

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E2W Registrations Rise 2.9% MoM To 2.15 Lakh In October, TVS & Hero Gain Market Share

Business

India’s E2W registrations increased 2.9% MoM to 2.15 Lakh units in October, marking a second consecutive month of growth and a 48.1% YoY rise. TVS retained the lead with a 27.2% market share, while Hero MotoCorp saw strong growth, reaching 13.4%. Conversely, Bajaj Auto, Ather Energy, and Ola Electric recorded MoM registration declines, with some manufacturers citing capacity constraints impacting their sales performance.

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MeitY unveils DEPA handbook to enable trusted data sharing for AI training

Startups

MeitY launched a handbook on Data Empowerment and Protection Architecture (DEPA) for AI training. This techno-legal framework enables institutions to collaborate on data while maintaining control, addressing privacy and intellectual property concerns. DEPA combines contractual permissions, controlled computing, and privacy safeguards, ensuring data provenance for accountability. It facilitates.

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Reliance Retail focuses on disciplined JioMart expansion, targets profitability from FY28

Startups

Reliance Retail is rapidly expanding its dark store network and quick commerce operations, focusing on smaller cities and leveraging its existing physical stores. The company prioritizes unit economics and profitability, even closing unproductive large stores. Investments in online growth are expected to boost profitability from the.

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Can D-Propulse Help India Reduce Its Dependence On Foreign Missile Engine Technology?

Business

D-Propulse is developing rotating detonation engines (RDEs) to create cheaper, more efficient jet engines, aiming to reduce India's dependence on foreign technology. These RDEs use supersonic detonation waves for thrust, promising improved fuel efficiency and compactness. The startup demonstrated a 5 kN air-breathing RDE, with flight tests planned for 2027 and limited production by 2028. It also explores testing services for early revenue, navigating a competitive global market.

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