Startup news and updates: Daily roundup (August 5, 2026)

In the latest startup news from August 5, 2026, Freshworks reported a return to profitability in Q2 2026, with a 16% increase in revenue to $237.4 million. Meanwhile, Insurtech startup InRisk Labs secured $27 million in Series A funding, which will be used to expand its underwriting, actuarial, catastrophe-modelling, and AI capabilities.

Personal assistance platform Hulp raised $2.6 million in seed funding to strengthen its AI workflows and expand across six more cities. Consumer-to-consumer marketplace Vingo secured $1.2 million in seed funding to enhance its platform and expand its trust infrastructure. Defense technology startup Zoppler Systems received Rs 6.5 crore in investment from Finvolve and India Accelerator to accelerate product development and expand its edge AI-powered autonomy platform.

International organizations and collaborations include UNESCO launching a free AI ethics course on Coursera and Cisco and IIT Delhi establishing an AI and cybersecurity hub. Additionally, Cars24 partnered with DPIIT to support AI, mobility, and road-safety startups through mentorship, skilling, investment access, and market linkages.

QubeHealth-Pay integrated its platform with pet insurance platform Petos to simplify pet healthcare payments, and Cisco and IIT Delhi launched the Cisco Technology Hub on AI and Cybersecurity.