Nominal emerges from stealth with $27.5M in funding, Spotify reports Q1 revenue up 20% YoY

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Nominal, which offers tools for data analysis, testing, and more to startups building advanced hardware like drones, emerges from stealth with $27.5M in funding. - Link

Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income. - Link

Adobe adds AI tools to Photoshop powered by its new Firefly Image 3 model, including Reference Image to inspire the AI's output, available in beta on desktop. - Link

Sonos updates its Android and iOS apps, rebuilding them to become more reliable, and plans to discontinue its Windows and macOS apps in favor of web apps. - Link

Apple announces a “special Apple Event” on May 7, where new iPads will likely be unveiled. - Link

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Startup Demo of the Day:

Insights by Ayraa allows users to query their workplace for insights. Users can ask questions such as, “what should I work on?” or “what did I accomplish last week?” - Link

Founder University is a 12-week pre-accelerator program run by Jason/LAUNCH for builder founders. We're investing $25k in 20-30 companies from Cohort 7. Apply at founder.university/letsbuild.

This Week in Startups

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