VC deal making plummets as AI hype softens

by TechAlliance
April 23, 2024

After nearly two years of relying on government grants, Tenomix Co-Founder and CEO Saumik Biswas decided in January 2023 that he needed venture capital to take the company to its next stage of growth. The timing wasn’t ideal. Rising interest rates and inflation had popped the VC bubble inflated during the pandemic. Many investors were waiting out the challenging market before betting on new startups. But determined to…(Read more)

Originally published on The Logic
Authored by Catherine McIntyre
Published on April 15, 2024
Picture credit by The Canadian Press/Nathan Denett

Original Article on TechAlliance

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