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19:11 11.12.2024

200 VCs wanted to get into Lumen Orbit’s $11M seed round

Lumen Orbit, a startup looking to build data centers in space, was able to close its recent seed round in mere days amid intense investor interest. The Redmond, Washington-based company closed on a $11 million seed round at a $40 million valuation, confirming prior TechCrunch reporting that the company had raised a competitive double-digit round […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

286 techcrunch.com

18:00 11.12.2024

Electrified Thermal Solutions has a plan to help industry replace natural gas with bricks

The startup has been working to imbue the humble brick with the ability to transform electricity into heat and store it for hours on end. © 2024 TechCrunch. All rights reserved. For personal use only.... →

258 techcrunch.com

17:00 11.12.2024

Flare raises $30M to thwart info-stealers like those used on Snowflake customers

Threat exposure management startup Flare thinks it has an answer to info-stealers with a service that watches the dark web, resets passwords. © 2024 TechCrunch. All rights reserved. For personal use only.... →

357 techcrunch.com

14:07 11.12.2024

Albert Invent hopes to revolutionize the chemicals sector with its AI platform

If startup funding rounds are any metric, generative AI is seeing ample adoption in the sciences. It makes sense: there’s a lot of trial and error involved in research and development, and any tool that can speed up the process for researchers is bound to be useful. The latest is Albert Invent, which offers an […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

261 techcrunch.com

13:48 11.12.2024

Mynt raises a cool $23M on a $210M valuation to build a smarter expense card for SMEs

Small and medium businesses are getting more love in the world of fintech these days, and one example of that is the growth of a startup out of Sweden. Mynt, which has built an AI-based platform for corporate cards and spend management catering to SMEs, has closed a round of €22 million ($23 million) on […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

358 techcrunch.com

05:11 11.12.2024

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.” GM, which acquired the self-driving car startup in 2016, would […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

355 techcrunch.com

00:39 11.12.2024

Joby launches $300M public offering ahead of 2025 commercial eVTOL release

Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $300 million of its shares of common stock, per a regulatory filing. Joby in October initially offered $200 million, but an amendment to the prospectus has increased the offering by $100 million. Joby said it will use […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

418 techcrunch.com

21:28 10.12.2024

A new disclosure shows, again, how badly Tiger’s ‘pray and spray’ fund performed

Tiger Global famously fueled the pandemic-era venture capital boom, investing heavily in a wide range of startups, setting up bidding wars for even the most unproven startup that led to sky-high valuations. In 2021 alone, the hedge fund backed 315 startups, according to PitchBook data. And much of the VC industry was not happy about […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

452 techcrunch.com

20:06 10.12.2024

Phhhoto’s antitrust claim against Meta is heading back to the courts

A U.S. appeals court has overturned a decision in an antitrust lawsuit against Meta, which was filed in in late 2021 by the long-shuttered social app Phhhoto. In court, the startup alleged that Meta violated U.S. antitrust law by copying its core features and suppressing competition. U.S. District Judge Kiyo Matsumoto in 2023 granted Meta’s […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

454 techcrunch.com

17:00 10.12.2024

Cohesity completes its merger with Veritas; here’s how they’ll integrate

Data protection startup Cohesity completed its merger with Veritas’ enterprise data protection business, creating one entity with 12,000 customers that is valued at $7 billion. The deal was originally announced in February 2024. Cohesity valued Carlyle-owned Veritas’ data protection business at $3 billion at the time, according to CRN reporting. Cohesity declined to comment on […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

276 techcrunch.com

16:32 10.12.2024

OpenAI-backed Speak raises $78M at $1B valuation to help users learn languages by talking out loud

Languages are typically taught by first exposing you to reading and writing, but native speakers always start learning languages by hearing and talking. Speak has built a platform to teach languages by focusing on how native speakers learn: Using AI, the startup generates audio conversations and listens to users’ responses to improve their grasp of […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

377 techcrunch.com

16:00 10.12.2024

Nexalus has a new method for liquid-cooling data centers that could make the waste heat useful

280 techcrunch.com

14:13 10.12.2024

Aqemia raises $38M to find new drugs by meshing theoretical physics with GenAI

Aqemia, a French startup that’s meshing “quantum-inspired physics” with machine learning to find new drugs, has raised $38 million in a fresh round of funding led by San Francisco-based VC firm Cathay Innovation. This is Aqemia’s second fundraise of the year — it announced a €30 million ($31.5 million) raise back in January — and […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

372 techcrunch.com

14:02 10.12.2024

Software testing platform LambdaTest secures $38 million in AI push

LambdaTest, a cloud-based software testing platform, has raised $38 million in a funding round as it looks to expand its presence in existing markets and advance its AI capabilities. The San Francisco and Noida-headquartered startup’s Series D round has been led by Avataar Ventures with participation from Qualcomm Ventures, bringing its total funding to $108 […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

270 techcrunch.com

11:00 10.12.2024

E-commerce marketplace platform Mirakl acquires ad optimization startup Adspert

French unicorn Mirakl is announcing its third acquisition in three years with the acquisition of Adspert, a German adtech startup focused on e-commerce advertising. Mirakl isn’t disclosing the terms of the acquisition, but the entire Adspert team of 30 employees will join Mirakl. As a reminder, Mirakl originally started as a software solution to add […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

296 techcrunch.com

06:37 10.12.2024

Automattic acquires WPAI, a startup that creates AI solutions for WordPress

WordPress hosting company Automattic said Monday that it is acquiring WPAI, a startup that builds AI solutions for WordPress, at an undisclosed price. WPAI has some products such as CodeWP, a tool to use AI to create WP Plugins; AgentWP, an AI assistant for WordPress site builders; and WP Chat, which is an AI-powered chat […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

385 techcrunch.com

01:35 10.12.2024

Amazon forms a new AI agent-focused lab led by Adept co-founder

Amazon says that it’s establishing a new R&D lab in San Francisco, the Amazon AGI SF Lab, to focus on building “foundational” capabilities for AI agents. The AGI SF Lab, to be led by David Luan, the co-founder of AI startup Adept, will seek to build agents that can “take actions in the digital and […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

494 techcrunch.com

00:49 10.12.2024

OpenAI Startup Fund raises $44M in its largest SPV yet

582 techcrunch.com

20:59 09.12.2024

Bluesky teases paid subscription, Bluesky+, in new mockup

Social networking startup and X competitor Bluesky is working on subscriptions. The company first announced plans to develop a new revenue stream based on the subscription model when detailing its $15 million Series A back in October. Now, mockups teasing the upcoming Bluesky subscription, along with a list of possible features, have been published to […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

469 techcrunch.com

20:59 09.12.2024

Bluesky’s teases paid subscription, Bluesky+, in new mockup

Social networking startup and X competitor Bluesky is working on subscriptions. The company first announced plans to develop a new revenue stream based on the subscription model when detailing its $15 million Series A back in October. Now, mockups teasing the upcoming Bluesky subscription, along with a list of possible features, have been published to […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

456 techcrunch.com

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