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15:00 04.04.2024

SiMa.ai secures $70M funding to introduce a multimodal GenAI chip

SiMa.ai, a Silicon Valley-based startup producing embedded ML system-on-chip (SoC) platforms, today announced that it has raised a $70 million extension funding round as it plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. According to Gartner, the market for AI-supporting chips globally is forecast to more than double […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

451 techcrunch.com

12:25 04.04.2024

Business planning startup Pigment raises $145 million round in rare French tech megaround

Paris-based startup Pigment has raised a $145 million funding round just five years after its inception. The enterprise software company offers a business planning platform so that large companies can visualize their past financial performance and forecast upcoming quarters. This funding round comes as a bit of a surprise as large rounds have been few […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

340 techcrunch.com

09:31 04.04.2024

Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise

Flipkart co-founder Sachin Bansal is in talks to raise capital for his newer startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $2 billion, three sources familiar with the matter told TechCrunch. One source said he is looking for between $200 million and $400 million. The Bengaluru-headquartered startup […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

369 techcrunch.com

05:30 04.04.2024

SaaS startup SingleInterface raises $30M to help more businesses get online

SingleInterface, a SaaS startup offering tools to offline businesses to grow their revenues by leveraging the web, has raised $30 million in its maiden external fundraising round as the Singaporean startup seeks to expand its footprint internationally and improve products to make them more relevant to global brands. While being offline is still prominent for […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

522 techcrunch.com

00:18 04.04.2024

Faraday Future avoids eviction at its LA headquarters, for now

Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

534 techcrunch.com

00:17 04.04.2024

OpenAI-backed Ghost Autonomy shuts down

The startup, which had raised nearly $220 million, posted a note on its website that it ended worldwide operations and wound down the company as of Wednesday. © 2024 TechCrunch. All rights reserved. For personal use only.... →

525 techcrunch.com

23:13 03.04.2024

The startup fundraising squeeze could persist as VCs struggle to refill their own coffers

Many startups are hoping that the gradual opening of an IPO window and the prospect of interest rate cuts later this year will finally encourage VCs to be less stingy with their capital. But it’s unlikely that startups’ fundraising slog will become much easier soon, mostly because of venture capitalists’ own capital-gathering challenges. In Q1, […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

541 techcrunch.com

23:01 03.04.2024

These AI startups stood out the most in Y Combinator’s Winter 2024 batch

Despite an overall decline in startup investing, funding for AI surged in the past year. Capital toward generative AI ventures alone nearly octupled from 2022 to 2023, reaching $25.2 billion toward the tail end of December. So it’s not exactly surprising that AI startups dominated at Y Combinator’s Winter 2024 Demo Day. The Y Combinator […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

528 techcrunch.com

19:00 03.04.2024

Zip wants to modernize enterprise procurement

Zip describes itself as the “leading Intake and Procurement Orchestration platform and Intake-to-Pay suite.” That doesn’t sound like the most exciting space to be in as a startup, but if you’ve ever worked inside a larger company, you know how byzantine the process of buying even the most basic things can be. It’s annoying for […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

414 techcrunch.com

17:21 03.04.2024

Nvidia might be clouding the funding climate for AI chip startups, but Hailo is still fighting

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, when we take a moment to dig into a raft of startup and venture capital news. No big tech here! Keep in mind that Y Combinator’s demo day […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

405 techcrunch.com

16:02 03.04.2024

Fisker’s Ocean SUV investigated for doors that won’t open

The National Highway Traffic Safety Administration has opened a third investigation into EV startup Fisker’s Ocean SUV, this time centered on problems getting the doors to open. NHTSA’s Office of Defects Investigation (ODI) says in a new notice that it has received 14 complaints from owners who have not been able to open the doors […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

433 techcrunch.com

14:36 03.04.2024

SaaS entrepreneur Raisinghani’s new AI venture nabs $5.5M to boost sales efficiency

285 techcrunch.com

14:00 03.04.2024

Alsym wants to ‘light up homes for a billion people’ with its new battery

291 techcrunch.com

13:10 03.04.2024

Full Glass Wine raises $14M to continue acquiring DTC wine marketplaces, buys Bright Cellars

Full Glass Wine, a brand acquisition management startup that specializes in acquiring wine marketplaces, has raised $14 million in a Series A round to continue acquiring DTC (direct-to-consumer) wine marketplaces, aiming to lead the DTC wine market. The outfit recently acquired Bright Cellars, a subscription-based wine service provider in Wisconsin, for an undisclosed price. The deal […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

347 techcrunch.com

09:00 03.04.2024

After reaching profitability, carpooling platform BlaBlaCar secures $108 million debt line

BlaBlaCar is an iconic name in the French startup ecosystem. The carpooling and bus ticketing company has been around for so long that it’s hard to consider it a startup anymore. Still, BlaBlaCar is an extremely interesting company today due to its unique trajectory. What started as a scrappy online hitchhiking community became a startup […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

372 techcrunch.com

17:49 02.04.2024

Rivian started a tough year on a flat foot

Rivian has a challenging year ahead — and the first quarter is off to a tepid start. The EV startup announced Tuesday that it built 13,980 vehicles and delivered 13,588 of them in the first quarter of 2024. Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

372 techcrunch.com

16:42 02.04.2024

Yahoo is acquiring Instagram co-founders’ AI-powered news startup Artifact

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday. The financial terms of the deal were not disclosed. Artifact will no longer operate as a standalone app, and its proprietary AI-powered personalization technology will be integrated across Yahoo, including the Yahoo News app […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

408 techcrunch.com

09:00 02.04.2024

Animal-free egg protein startup Onego Bio is one step closer to cracking the traditional egg market

323 techcrunch.com

02:53 02.04.2024

Canoo spent double its annual revenue on the CEO’s private jet in 2023

Tucked inside Canoo’s 2023 earnings report is a nugget regarding the use of CEO Tony Aquila’s private jet — just one of many expenses that illustrates the gap between spending and revenue at the EV startup. Canoo posted Monday its fourth quarter and full-year earnings for 2023 in a regulatory filing that shows a company […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

448 techcrunch.com

23:34 01.04.2024

Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure

OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Cathaway, OpenAI confirmed to TechCrunch. The Open AI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. The arrangement could have presented a major issue to the company if he had […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

549 techcrunch.com

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