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

YourStory brings you today’s headlines with the latest developments across sectors. Latest news Freshworks beats revenue estimates, turns profitable in Q2 Nasdaq-listed software-as-a-service (SaaS) company Freshworks has reported a return to profitability in the second quarter of 2026, with a 16% increase in revenue as demand for its artificial intelligence (AI) offerings continued to strengthen. The company posted a net profit of $3.2 million for the quarter, compared to a net loss of $1.7 mill