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Amazon and Tencent Back Andy Rubin’s Essential

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Amazon and Tencent Back Andy Rubin Essential,Android creator Andy Rubin,Essential Products founder,Andy Rubin Essential Phone,Tencent Holding,Startup Stories,2017 Latest Business News,Amazon,tencent latest news

Essential Products Inc., the startup founded by Android creator Andy Rubin has raised $ 330 million in a new funding round from Amazon and Tencent Holding. The company has also signed up with retailers, including Best Buy, Amazon.com and carriers such as Sprint Corporation in the United States and Telus in Canada to sell their first $ 699 smartphone.

The company, in a statement, revealed Access Technology Ventures led the funding round along with strategic investors Tencent Holdings Ltd., electronics contract manufacturer Foxconn and Amazon.com. Existing investors Redpoint Ventures and Playground Global also participated in this round.

The director of Amazon’s investment arm, Alexa Fund, Paul Bernard said, “Essential Products has a compelling vision and road map for connected devices that integrate voice technology in novel ways. We are excited to see Alexa become part of that vision where interacting with technology is simple, helpful and creates an interface that others can build on and innovate. We look forward to what will come from this collaboration.

This funding round values the company at about $ 900 million to $ 1 billion. The release date for the new smartphone will be announced sometime next week and will compete against the Samsung Galaxy 8 and iPhone 8, set to be released in September and October respectively. The big idea behind the Essential smartphone, according to Andy Rubin, is that this phone will make things simpler for customers.

President Niccolo De Masi, speaking about their new smartphone, said they won’t be targeting mass market popularity in the beginning itself but will take advantage of the company’s small scale to innovate faster than their larger rivals. “If we are able to sell low single digit millions [in the first year] that’s very successful for a startup,” he added.

Andy Rubin recently shared 3 images on Twitter to prove that Essential’s first product will be coming soon.

Essential is also developing a smart home hub similar to Amazon’s Echo, along with the smartphone. The hub will have the ability to control music, answer questions and manage tasks, among other things. The speaker can be set up in no time as its Ambient OS can automatically introduce itself to new and existing devices, according to Essential’s website.

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Apple’s iOS 18.7 vs iOS 26: Which Update Should You Choose for Your iPhone in 2025?

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StartupStories iOS 26

Apple’s recent iOS 18.7 rollout provides a secure alternative to the visually revamped iOS 26, empowering iPhone users to choose between system stability and next-generation features. While iOS 18.7 focuses on important security updates and bug fixes, it maintains the familiar iOS experience for users of older devices like iPhone XS, XS Max, XR, and SE models up to the 16e. The update is lightweight—about one-fifteenth the size of iOS 26—which means quicker downloads and less storage consumption. It’s designed for reliability and fast installation, making it ideal for users who prioritize a stable and secure operating system over design changes.

In contrast, iOS 26 introduces Apple’s ambitious “Liquid Glass” interface with a transparent look across apps, enhanced widget and lock screen customization, smarter Siri, and improved camera controls. These innovations, however, come with a larger update size and compatibility exclusive to newer iPhones beginning from the iPhone 11 series. While early adopters can enjoy the futuristic interface and AI-powered upgrades, major OS launches may present initial bugs or app compatibility issues that cautious users typically wish to avoid.

Choosing between iOS 18.7 and iOS 26 depends on each user’s priorities—those seeking guaranteed stability and fast security fixes should consider sticking with iOS 18.7, while users excited about premium features and visual changes should migrate to iOS 26 if their device supports it. Both updates are available through Software Update settings, and Apple will support iOS 18.7 for only a limited duration, eventually encouraging all users to transition to the latest platform. This dual update strategy ensures every iPhone user can safely update their device for a seamless and secure experience in 2025.

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

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Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

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Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

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Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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