109m

Particle secures $10.9M in new funding and expands publishing partners for AI news reader

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Traffic is down, newsrooms are undergoing layoffs, and publishers fear that AI technologies will only make matters worse. Entering the fray, news reader startup Particle is teaming up with publishers to seek out a new business model for the AI era, where AI summaries of news don’t have to mean lost revenues. Now, the company is bringing its first publishing partners into the mix to help it guide its next steps. As a start, Particle now subscribes to Reuters newswire to help it deliver information about current events in the news. What Particle isn’t yet ready to reveal is its business model.

“Finn Secures Major $109 Million Investment with $658 Million Valuation, Accelerating Growth of Innovative Car Subscription Platform”

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That emphasis on sustainability is translating into a goal at Finn to have 80% of its car inventory electric by 2028, from 40% today. Previous backers such as HV Capital, Korelya Capital, UVC Partners, White Star Capital and Picus Capital are also participating. It’s been a very bumpy road for the car subscription market over the years. The idea of car subscriptions is neat, but the execution is not. And it’s brokered deals in advance with car retailers to buy up the vehicles when subscriptions are finished.

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