INDIAN TYCOON INVESTS $30M IN AI OFFICE RIVAL
■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE
Bhavin Turakhia is backing Neo, an AI-powered alternative to Microsoft Office and Google Workspace, with $30 million of personal capital. The venture marks his fifth startup and latest push into enterprise software.
■ MORE FROM THE STARTUPS DESK
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.
Oratomic secured $300 million in funding to develop a quantum computer requiring only 20,000 qubits—a significant reduction from conventional approaches. The round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures.
Lyzr, an enterprise AI agent startup, deployed its own artificial intelligence agent to manage a $100 million fundraising round, demonstrating functional capability of its core product.