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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.... →

421 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.... →

455 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.... →

456 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.... →

278 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.... →

382 techcrunch.com

16:00 10.12.2024

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

282 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.... →

379 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.... →

273 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.... →

300 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.... →

390 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.... →

499 techcrunch.com

00:49 10.12.2024

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

589 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.... →

472 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.... →

459 techcrunch.com

18:00 09.12.2024

Riverside raises $30 million Series C to expand its podcast and video recording platform

Podcast recording platform Riverside said Monday that it has raised $30 million in Series C funding led by Zeev Ventures, with participation from Seven Seven Six, and angel investor Sam Lessin. The company wants to use this funding to grow its team and build out solutions for the podcast and content creation space. The startup, […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

507 techcrunch.com

18:00 07.12.2024

The four startups from YC’s Fall batch that enterprises should pay attention to

Notable Silicon Valley startup accelerator Y Combinator held a Demo Day for its inaugural Fall cohort this week. The 95 startups in this latest batch looked quite similar to recent YC cohorts in the sense that it includes many AI startups. If I did my math right, 87% of the startups in this batch are […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

876 techcrunch.com

23:05 06.12.2024

Hopeful hearts and other startup news

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. The week after Thanksgiving is usually rich in announcements, and this year was no exception. Blame it on the holiday season, but we would even go as […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

627 techcrunch.com

21:36 06.12.2024

A16z-backed Toka wants to help US agencies hack into security cameras and other IoT devices

An Israeli startup specializing in penetrating IoT devices says it's hiring to "support new business growth" in the US government market. © 2024 TechCrunch. All rights reserved. For personal use only.... →

586 techcrunch.com

19:02 06.12.2024

OpenAI considers ditching provision that would prevent AGI from being used for commercial gain

According to the Financial Times, OpenAI is considering ditching a provision that would shut Microsoft, a major partner and investor, out of its most advanced technology when OpenAI achieves artificial general intelligence (AGI). Exactly when OpenAI creates AGI, which the startup defines as “highly autonomous systems that outperform humans at most economically valuable work,” is […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

669 techcrunch.com

09:33 06.12.2024

MobiKwik slashes valuation by 73% in India IPO

MobiKwik, an Indian financial services startup, has cut its planned IPO size for the third time, setting a price band of 265-279 Indian rupees ($3.1-3.3) that values it at $250 million — down sharply from its $924 million private valuation in 2021. The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking to raise […] © 2024 TechCrunch. All rights reserved. For personal use only.... →

489 techcrunch.com

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