Mexico City-based Mendel has raised $35 million in a Series B round of funding, it tells TechCrunch exclusively. Corporate spend management platform Mendel last raised in December 2021 — a $15 million Series A round and $20 million in debt — after participating in Y Combinator’s Winter 2021 cohort. With this latest capital infusion, the…
Category: Exclusive
Abound, Exclusive, Fintech, Global Security News, India, Times Internet
Times Internet spin-out Abound raises $14M to let more Indian Americans send money home
Abound, a go-to remittance app that was spun off by India’s Times Internet, has raised $14 million in a seed round.
Biotech & Health, DEI, Exclusive, Global Security News, Government & Policy, Ransomware, Trump Administration, UnitedHealth Group, UnitedHealthcare
UnitedHealth removes mentions of DEI from its website
The health insurance giant is the latest to remove references to diversity, equity and inclusion policies amid mounting pressure from the Trump administration.
AI, Asia Pacific, china, Cybersecurity, Exclusive, Global Security News, human rights, Security
Leaked data exposes a Chinese AI censorship machine
One academic who reviewed the dataset said it was “clear evidence” that China, or its affiliates, wants to use AI to improve repression.
Exclusive, Fintech, Global Security News, jack dorsey, TC
Read the email Jack Dorsey sent when he cut 931 of Block’s staff
Block just laid off 931 employees. Read the email from its co-founder Jack Dorsey for more details on why.
AI, Climate, critical minerals, Earth AI, Exclusive, Global Security News, mining, Startups
Earth AI’s algorithms found critical minerals in places everyone else ignored
The startup uses AI to quickly search for minerals over wide areas, identifying promising potential deposits for exploration.
AI, Cloud, Enterprise, Exclusive, Fundraising, Global Security News, Kubernetes, startup, Startups, TC
Plural’s platform allows enterprises to manage their Kubernetes clusters in one place
When Sam Weaver was vice president of product management at Unqork, he realized that the company needed a better way to manage its sprawling network of Kubernetes clusters — which are groups of computing nodes. When Unqork couldn’t find anything off the shelf, it assembled a 15-person team to build a Kubernetes management product. Despite…
11xAI, AI SDR, Exclusive, Global IT News, Global Security News, Startups
a16z and Benchmark-backed 11x has been claiming customers it doesn’t have
Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources – including investors, current and former employees – tell TechCrunch that the company has experienced financial struggles, largely of its own making. Numerous people in the U.S. and U.K. told TechCrunch that the situation has…
AI, AI workflow automation, Enterprise, Exclusive, Global Security News, low-code, no-code, TC, workflow automation
Fair-code pioneer n8n raises $60M for AI-powered workflow automation
Developer tooling is changing rapidly with AI. So companies that are making it easier to adopt AI in their workflows are seeing a boom of attention. After a startup called n8n (pronounced “enay-ten”) pivoted its workflow automation platform to become more AI-friendly in 2022, it said it saw its revenues increase 5X, doubling in the…
cyberstarts, Exclusive, Global IT News, Global Security News, Google, Index Venture, M&A, performance, Security, Venture
How a $6M bet on Wiz turned into a massive 200x return for one early backer
Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s…
Cybersecurity, data breach, Exclusive, Global IT News, Global Security News, Have I Been Pwned, Security, Spyware, stalkerware
Data breach at stalkerware SpyX affects close to 2 million, including thousands of Apple users
Another consumer-grade spyware operation was hacked in June 2024, which exposed thousands of Apple Account credentials. © 2024 TechCrunch. All rights reserved. For personal use only.
Exclusive, Global IT News, Global Security News, Google, robotics, Startups
A key DeepMind robotics researcher left Google and Nvidia has already backed his stealth startup
Nvidia has invested in a startup founded by a former Google DeepMind senior research scientist who specialized in robotics and AI. © 2024 TechCrunch. All rights reserved. For personal use only.
Exclusive, Fintech, Global IT News, Global Security News, Ribbit Capital, Venture
In another good sign for fintech, Ribbit Capital is raising a new $500M fund
Ribbit Capital is raising $500 million for a new fund, an SEC filing seen by TechCrunch has revealed. © 2024 TechCrunch. All rights reserved. For personal use only.
Exclusive, Fintech, Global IT News, Global Security News, Kleiner Perkins, Multiply Mortgage, Startups
Mortgage as an employee benefit? Kleiner Perkins leads $23.5M Series A for Multiply Mortgage
After hitting record lows at the start of the pandemic, mortgage rates began to climb in 2022 and haven’t come down significantly since. With 30-year mortgage rates hovering at over 6.5% today (they were as low as 2.49% in 2020!), buying a home is simply not that attainable for many people. One Denver-based startup is…
Exclusive, Global IT News, Global Security News, National Security Agency, open source software, Startups, TC, threat management
Hunted Labs lands $3M to find suspicious open source contributors
Former NSA deputy director George Barnes has made his first investment as a venture capitalist for his new job at the VC incubation studio Red Cell Partners. It’s a $3 million seed deal in an open source cybersecurity startup called Hunted Labs, he told TechCrunch exclusively. Barnes spent his entire 35-year career at the spy agency,…
AI, Exclusive, Global IT News, Global Security News, greycroft, India, Prezent, Startups
Prezent raises $20M to build AI for slide decks
Prezent has raised $20 million in an all-equity funding to build specialized presentation models and expand its footprint into new markets. © 2024 TechCrunch. All rights reserved. For personal use only.
emerging managers, Exclusive, Founder.org, Fundraising, Global IT News, Global Security News, Venture, venture capital
New $5M deep tech fund aims to lure founders from universities
Critical Venture Partners is betting that young founders plucked fresh from universities can solve some of the world’s most intractable problems. © 2024 TechCrunch. All rights reserved. For personal use only.
battery manufacturing, battery materials, Climate, Coreshell, electric vehicles, Exclusive, Fundraising, Global IT News, Global Security News, lithium ion batteries, silicon, Transportation
Coreshell has a plan to slash the price of American made batteries
Rather than trying to beat Chinese companies, Coreshell attempting an end run, swapping graphite for its specially coated silicon. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Apps, ChatGPT, Enterprise, Exclusive, Global IT News, Global Security News, openai, Slack
OpenAI to start testing ChatGPT connectors for Google Drive and Slack
OpenAI will soon begin testing a way for business customers to connect apps like Slack and Google Drive to ChatGPT. OpenAI plans to start beta testing a new feature called ChatGPT Connectors, according to a document viewed by TechCrunch. ChatGPT Connectors will allow ChatGPT Team subscribers to link workspace Google Drive and Slack accounts to…
AI, Biotech & Health, chemical process automation, Exclusive, Global IT News, Global Security News, reactwise, Startups
YC-backed ReactWise is applying AI to speed up drug manufacturing
Artificial intelligence continues stirring things up in chemistry. To wit: Y Combinator-backed Cambridge, U.K.-based ReactWise is using AI to speed up chemical manufacturing — a key step in bringing new drugs to market. Once a promising drug has been identified in the lab, pharma firms need to be able to produce much larger amounts of…
api, APIs, Climate, Construction Industry, construction tech, electrification, Exclusive, Global IT News, Global Security News, Palmetto
Palmetto wants software developers to electrify America using its AI building models
Palmetto has developed a virtual view of how every residential building in the U.S. was built. © 2024 TechCrunch. All rights reserved. For personal use only.
accounting, Exclusive, Fintech, Global IT News, Global Security News, Startups
Bench is charging people for services they already paid for, some customers say
Bench customers say they’re being required to pay for services they already paid for. Bench’s new owners deny it. © 2024 TechCrunch. All rights reserved. For personal use only.
Exclusive, Global IT News, Global Security News, gps, SXSW, TC, tern ai, Transportation
Tern AI’s low-cost GPS alternative actually works
We’ve all experienced that moment of frustration when the GPS glitches and you miss an exit on the highway. The team at Tern AI, which is building a low-cost GPS alternative, says that’s because the current technology is limited by its reliance on satellite positioning. Tern AI says it has figured out how to locate…
Amazon, Amazon Web Services, AWS, Exclusive, Global IT News, Global Security News, Security, Spyware, stalkerware
Amazon is still hosting stalkerware victims’ data weeks after breach alert
Amazon won’t say if it will stop hosting data from three phone surveillance operations that spilled private data on millions of people. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Apps, Exclusive, generative ai, Global IT News, Global Security News, Snap, Snapchat, Social
Snap introduces AI Video Lenses powered by its in-house generative model
Snapchat is introducing its first ever video generative AI Lenses, the company told TechCrunch exclusively. The Lenses are powered by Snap’s in-house built generative video model. The three new AI Video Lenses are available to users on the app’s premium subscription tier, Snapchat Platinum, which costs $15.99 per month. The launch comes as Snap unveiled an…
Bitcoin, Crypto, Cybercrime, Exclusive, Garantex, Global IT News, Global Security News, India, money laundering, Russia, Security, tether
Garantex administrator arrested in India under extradition law
Garantex co-founder Aleksej Besciokov was arrested in India’s Kerala on Tuesday under the country’s extradition law. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence, Enterprise, Exclusive, Global IT News, Global Security News, Khosla Ventures, Onyx, open source, Startups
Why Onyx thinks its open source solution will win enterprise search
Enterprises have troves of internal data and information that employees need to complete their tasks or answer questions for potential customers. But that doesn’t mean the right information is easy to find. Onyx wants to solve that problem through its internal enterprise search tool. There are other big names in the category, like Glean —…
Accel, Exclusive, Fundraising, Global IT News, Global Security News, manufacturing, Scimplify, Startups, supply chain
Scimplify raises $40M to help manufacturers access specialty chemicals
Scimplify has raised $40 million in a new equity round backed by Accel to expand its presence in the U.S. and enter new markets. © 2024 TechCrunch. All rights reserved. For personal use only.
Android, Exclusive, Global IT News, Global Security News, Google, Google Play, Lookout, malware, Security, Spyware, TC
North Korean government hackers snuck spyware on Android app store
Cybersecurity firm Lookout found several samples of a North Korean spyware it calls KoSpy. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, ai for health, Biotech & Health, elea, Exclusive, Global IT News, Global Security News, Startups
Elea AI is chasing the healthcare productivity opportunity by targeting pathology labs’ legacy systems
VC funding into AI tools for healthcare was projected to hit $11 billion last year — a headline figure that speaks to the widespread conviction that artificial intelligence will prove transformative in a critical sector. Many startups applying AI in healthcare are seeking to drive efficiencies by automating some of the administration that orbits and…
Bolt, Exclusive, Fintech, Global IT News, Global Security News, Startups
Bolt CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’
Bolt CEO Ryan Breslow defended the $30M personal loan he took out from his startup, while announcing Bolt’s latest launch. © 2024 TechCrunch. All rights reserved. For personal use only.
CISA, Cybersecurity, doge, Exclusive, Global IT News, Global Security News, Layoffs, scoop, Security, us government
DOGE axes CISA ‘red team’ staffers amid ongoing federal cuts
Affected staff say more than 100 employees working to protect U.S. government networks were ‘axed’ with no prior warning © 2024 TechCrunch. All rights reserved. For personal use only.
baas, diagram, Exclusive, Fin Capital, Fintech, Fundraising, Global IT News, Global Security News, Synctera
BaaS startup Synctera raises $15M, signs Bolt as a customer
The banking-as-a-service space took a hit last year when Synapse collapsed. But that hasn’t stopped BaaS startup Synctera from raising another $15 million in funding, it tells TechCrunch exclusively. Synctera works to provide companies “of all shapes and sizes with everything they need to launch and operate fintech and embedded banking products,” including: accounts, cards,…
Exclusive, Fintech, Fundraising, Global IT News, Global Security News, Startups, TTV Capital, Worth
The sibling founders of Stax Payments are back with a $20M seed raise for their new fintech, Worth
Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. It’s a large seed round, especially these days when capital is harder to come by. But the founders’ history may have something to do…
Europe, Exclusive, Global Security News, Leitmotif, Startups, Transportation, Venture, venture capital, Volkswagen
Meet the new VC firm secretly backed by Volkswagen
A new venture firm called Leitmotif has been on a quiet blitz for the last 16 months, funding around 20 startups broadly focused on decarbonization. Its portfolio includes EV companies, space and battery plays, and four nuclear fusion startups. But the firm has only said its funding is from “European industrial interests.” Now, Leitmotif has…
Climate, Exclusive, fusion power, General Fusion, Global IT News, Global Security News, nuclear fusion, Startups
General Fusion fires up its newest steampunk fusion reactor
The reactor, called Lawson Machine 26 (LM26), is General Fusion’s latest iteration in a string of devices that have tested various parts of its unique approach. © 2024 TechCrunch. All rights reserved. For personal use only.
Creaegis, Exclusive, Fintech, Global Security News, hsbc, India, Startups, Zolve
Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt
Zolve, a neobanking startup targeting global citizens seeking credit, has raised $251 million in a new round to expand into Canada and launch loans. © 2024 TechCrunch. All rights reserved. For personal use only.
engineering capital, Exclusive, Global IT News, Global Security News, Hawcx, India, Security, Startups
Some say passkeys are clunky — this startup wants to change that
Hawcx, backed by Engineering Capital, aims to solve passkeys’ adoption challenge with its new tech. © 2024 TechCrunch. All rights reserved. For personal use only.
Apollo Agriculture, Climate, climate tech, Equator, Exclusive, Global IT News, Global Security News, Venture
Equator closes $55M fund to bring more private capital to African climate tech
African VC firm Equator has raised $55M for its first fund, which will back early-stage climate tech startups on the continent. © 2024 TechCrunch. All rights reserved. For personal use only.
Europe, Exclusive, Global Security News, Leitmotif, Startups, Transportation, Venture, venture capital, Volkswagen
Meet the new VC firm secretly backed by Volkswagen
A new venture firm called Leitmotif has been on a quiet blitz for the last 16 months, funding around 20 startups broadly focused on decarbonization. Its portfolio includes EV companies, space and battery plays, and four nuclear fusion startups. But the firm has only said its funding is from “European industrial interests.” Now, Leitmotif has…
Avataar Ventures, Exclusive, Fundraising, Global IT News, Global Security News, Infinite Uptime, manufacturing tech, Startups
Infinite Uptime bags $35M to help factories optimize equipment usage
Infinite Uptime, which offers predictive maintenance solutions for factories, has raised $35 million in a Series C round to expand its footprint in the U.S. © 2024 TechCrunch. All rights reserved. For personal use only.
battery materials, Climate, Daqus Energy, electric vehicles, Exclusive, Fundraising, Global IT News, Global Security News, lithium ion batteries, scoop, Transportation
Daqus Energy has a plan to make EV sports cars fast, light, and cheap
Cheaper, lighter, and denser: the trifecta defines an ideal battery. No one has devised a perfect cell quite yet, but one stealthy startup thinks it has found a new material that solves at least two of those challenges. Daqus Energy has been quietly operating for the past four months, refining a compound known as TAQ…
AI, Copilot, Exclusive, Gaming, Global IT News, Global Security News, Microsoft
Microsoft appears to be working on 3D gaming experiences for Copilot
Microsoft appears to be working on 3D gaming experiences for Copilot, its AI-powered chatbot platform, according to a new job listing. The listing, published this week, seeks a senior software engineer based in Beijing specializing in 3D rendering engines, particularly engines typically used to build web browser-based video games (Babylon.js, three.js, and Unity). “Are you…
DEI, Exclusive, Global IT News, Global Security News, Google, Social, Startups
Google removes ‘underrepresented’ language from its grant website
Just weeks after Google said it would review its diversity, equity, and inclusion programs, the Google for Startups Founders Fund webpage is peppered with changes. Most notably Google is now using past tense to describe all of its fund programs for underrepresented founders. This is a change that took place after December, according to the internet…
Eric Bahn, Exclusive, Fundraising, Global IT News, Global Security News, Mercedes Bent, Sheel Mohnot, Venture
Why VCs ghost founders, or reject deals and never speak to the founder again
Getting ghosted is never fun. Especially if you’re a founder seeking capital from investors. It’s similar to dating. You might be left wondering “Why is this person not getting back to me? Did I do something wrong?” Did the investor hate the product? Did they not care for me personally?” It’s enough to drive anyone…
autonomous vehicles, Exclusive, Global IT News, Global Security News, robotaxis, robotics, Transportation, Uber
How Uber’s new product chief is gearing up for robotaxis
Uber executive Sachin Kansal has a reputation for dogfooding — the tactic of using one’s own products and services to root out problems and make improvements. As he ascended Uber’s executive ladder over the past eight years, Kansal ratcheted up 700 trips delivering food or people to their destinations. Lengthy reports, often dozens of pages…
AI, Exclusive, faireez, Fundraising, Global IT News, Global Security News, PropTech, TC
Faireez raises $7.5M for AI-powered hotel-style housekeeping for condo residents
Faireez, which aims to bring “5-star hotel-style housekeeping” to multifamily buildings, is emerging from stealth with $7.5 million in seed funding, the startup told TechCrunch exclusively. Founded in 2023, New York-based Faireez’s goal is to make the cleaning services it offers as customized as possible. It offers a subscription model where each building is assigned…
Climate, Exclusive, Fundraising, fusion power, Global IT News, Global Security News, Lowercarbon Capital, nuclear fusion, Renaissance Fusion
Renaissance Fusion raises €32M to radically simplify complex fusion reactors
The startup is betting that by simplifying stellarators, it can make fusion power cheaper and easier to maintain. © 2024 TechCrunch. All rights reserved. For personal use only.
defense tech, drones, Exclusive, Fundraising, Global IT News, Global Security News, Startups
Alpine Eagle secures funding from European backers for counter-drone tech amid rising threats
The war in Ukraine has brought drones to the forefront of modern warfare, creating a surge in demand for counter-drone systems. However, legacy solutions to counter drones, such as ground-based defense systems and cyber warfare, often come with a hefty price tag. For German startup Alpine Eagle, these solutions fall short: When now-ubiquitous $500 first-person…
EVs, Exclusive, Global IT News, Global Security News, Rivian, TC, Transportation, Volkswagen
Volkswagen’s cheapest EV ever is the first to use Rivian software
Volkswagen’s ultra-cheap EV called the ID EVERY1 — a small four-door hatchback revealed Wednesday — will be the first to roll out with software and architecture from Rivian, according to a source familiar with the new model. The EV is expected to go into production in 2027 with a starting price of 20,000 euros ($21,500).…
AI, Biotech & Health, cancer, Exclusive, Global IT News, Global Security News, Healthcare, Startups
Not all cancer patients need chemo. Ataraxis AI raised $20M to fix that.
Ataraxis AI has raised a $20.4 million Series A to make cancer treatment more personalized. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Anna Patterson, Artificial Intelligence, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News, Gradient Ventures, Startups
Anna Patterson’s Ceramic.ai looks to help enterprises build AI models faster and more efficiently
Anna Patterson has had a storied career in Silicon Valley. She founded three startups, including search engine upstarts Xift and Cuil, as well as recall.archive.org, which became the Internet Archive. She was the vice president of engineering at Google, and later on started Gradient Ventures, an AI-focused seed fund. And she isn’t done building. Patterson…
Exclusive, Fintech, Flex, Fundraising, Global IT News, Global Security News, Titanium Ventures
Flex, a Brex for business owners, has raised $25M at a $250M valuation
Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September…
biorecycling, Biotech & Health, Climate, epoch biodesign, Exclusive, Global IT News, Global Security News, plastic recycling, Startups
From high school science project to $18.3M: AI-accelerated enzymes are coming for fast fashion’s plastic waste
A U.K. startup, originating from founder Jacob Nathan’s high school science project on using enzymes to break down plastic waste, has secured an oversubscribed $18.3 million in Series A funding. Founded in 2019 in London, Epoch Biodesign now a 30+ strong multidisciplinary team of chemists, biologists and software engineers. It will be using the new…
AI, Artificial Intelligence, ChatGPT, Enterprise, Exclusive, Global IT News, Global Security News, Perplexity, Scrunch AI, siri
Scrunch AI is helping companies stand out in AI search
As more people turn to AI chatbots like ChatGPT to look things up on the internet, the way companies approach their online presence has to change. Scrunch AI wants to help enterprises better prepare for a world in which more AI bots and agents visit their website than humans do. Scrunch AI says its platform…
defense technology, Exclusive, Global IT News, Global Security News, mach, Sequoia, Startups, TC
Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory
Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where Mach’s headquarters is located, CEO Thorton said. While that sounds like an expensive zip code…
departures, Exclusive, General Catalyst, Global IT News, Global Security News, IPO, Venture
General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO
Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an ‘investment and transformation company,’ TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three…
Eric Glyman, Exclusive, Fintech, Global IT News, Global Security News, Ramp, Startups
Ramp has more than doubled its annualized revenue to $700 million
Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the company’s internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that…
Cybersecurity, data breach, Exclusive, Global IT News, Global Security News, Lee Enterprises, local newspapers, Security
Lee Enterprises ransomware attack hits freelance and contractor payments
The ransomware attack is affecting Lee’s ability to pay outside vendors, including freelancers and contractors, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only.
developer tools, engineers, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News
HackerPulse wants to help enterprises spot engineering bottlenecks
HackerPulse builds dashboards of information pulled from engineering tools to show how and where engineers spend their time. © 2024 TechCrunch. All rights reserved. For personal use only.
Apps, Exclusive, Global IT News, Global Security News, Transportation, Uber, uber for teens
Uber is piloting accounts for teenagers in India
Uber has started testing its teenagers-focused service, Uber for Teens, in India. © 2024 TechCrunch. All rights reserved. For personal use only.
Android, Apple, Exclusive, Global IT News, Global Security News, Have I Been Pwned, iPad, iPhone, Security, Spyware, stalkerware
Spyzie stalkerware is spying on thousands of Android and iPhone users
Another little-known phone monitoring outfit has quietly amassed half a million customers, whose email addresses are now in Have I Been Pwned. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News, Mira Murati, openai, Startups
Workhelix taps years of research to help enterprises figure out where to apply AI
AI has the power to transform how people work, but getting tangible value out of AI isn’t as easy as throwing any AI application at any workflow. It can be hard for enterprises to figure out which AI applications help their business and which are just hype. Workhelix wants to solve that problem. Workhelix is…
Exclusive, Fintech, Global IT News, Global Security News, ResilienceVC, Venture
ResilienceVC bucks trend, unveils $56M fund to back fintechs working on financial inclusion
ResilienceVC, a new seed-stage fintech venture capital firm based out of Washington, D.C., is announcing its $56 million debut fund, the firm shared exclusively with TechCrunch. Founded by Tahira Dosani and Vikas Raj in 2023, ResilienceVC’s mission is a straightforward one: to back fintech companies dedicated to helping Americans find financial stability. It’s writing checks…
Commerce, commercetools, Exclusive, Global IT News, Global Security News, headless commerce, headless content management, Layoffs
Commercetools, a pioneer in ‘headless commerce’, lays off dozens of staff
Commercetools — a “headless commerce” platform that provides APIs to companies building online storefronts — saw a major boost in its business just a few years ago, raising money at a whopping $1.9 billion valuation as the world went shopping online in the wake of the COVID-19 pandemic, and businesses rushed to improve their e-commerce…
Commerce, ecommerce, Exclusive, Fundraising, Global IT News, Global Security News, Shopify
Shop Circle raises $60M to encircle e-commerce with an app suite
The boom in e-commerce post-pandemic meant shops moved online. However, some merchants ended up with dozens of separate app providers to accommodate everything from supply chains, to inventory, to marketing. The founders of Shop Circle realized this and either built or bought many such apps. The company has now raised $60 million in a Series…
bloomberg beta, Cybersecurity, Enterprise, enterprise startups, Exclusive, Fundraising, Global IT News, Global Security News, Security, Startups, TC, venture capital
Anagram takes a gamified approach to employee cybersecurity training
Despite employers requiring their employees to complete yearly cybersecurity training courses, human-driven cybersecurity breaches still happen. The problem could even get substantially worse as generative AI increases the scale and personalization of social engineering campaigns. Anagram, formerly known as Cipher, is taking a new approach to employee cybersecurity training that the company hopes can keep…
Accel, AI, Bridgetown Research, Exclusive, Global IT News, Global Security News, India, lightspeed, Startups
Bridgetown Research raises $19M to speed up due diligence with AI
Birdgetown Research has raised $19 million in a round co-led by Accel and Lightspeed to deploy AI agents for business decisions and M&A deals. © 2024 TechCrunch. All rights reserved. For personal use only.
Cybersecurity, Exclusive, generative ai, GitHub, Global IT News, Global Security News, microsoft copilot, Security
Thousands of exposed GitHub repos, now private, can still be accessed through Copilot
Data exposed even briefly can live on in generative AI chatbots long after the data is made private. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence, DocUnlock, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News, Startups, supply chain, TC
DocUnlock wants to solve a customs bottleneck
When goods enter the U.S., they have to be declared to U.S. customs so the importer can be charged the proper taxes. That applies to everything from a consumer ordering clothes from a brand based overseas to every single item on a massive container ship. When it comes to commercial importing, filling out the necessary…
afynia, Biotech & Health, endometriosis testing, Exclusive, Global IT News, Global Security News, Startups
University spin-out Afynia secures $5M seed to commercialize its microRNA panel test for endometriosis
Canadian biotech startup Afynia Laboratories, a spin-out from McMaster University in Ontario, has picked up $5 million in seed funding to commercialize a blood test for endometriosis — a medical condition that can afflict people with a uterus, causing problems like chronic pelvic pain and fertility issues. Endometriosis affects nearly 200 million people worldwide. Getting…
carbon capture, carbon capture technologies, Climate, Exclusive, Fundraising, Global IT News, Global Security News, Mitico, sosv
Mitico raises $4.3M seed round to capture CO2 using ‘prehistoric chemistry’
Mitico thinks that it has found a way to slash the cost of carbon capture using a simple salt that’s been tweaked for industrial duty. © 2024 TechCrunch. All rights reserved. For personal use only.
Apple, Apple Watch, Exclusive, Global IT News, Global Security News, Hardware, India
Apple Watch shipments surge in India
Apple Watch shipments in India grew 141% in 2024, while the country’s overall smartwatch market dipped 30% year-on-year. © 2024 TechCrunch. All rights reserved. For personal use only.
Artificial Intelligence, Exclusive, Flexport, Global IT News, Global Security News, interview, Transportation
Flexport releases onslaught of AI tools in a move inspired by ‘Founder Mode’
Freight forwarding and logistics company Flexport is rolling out a suite of new products and features, many of which use AI, in what the company says will be the first in a series of semi-annual announcements of this kind. If that sounds similar to Airbnb’s approach to seasonal product announcements, that’s because it was the…
Cambium, Climate, construction materials, Exclusive, Fundraising, Global IT News, Global Security News, sustainable forestry, VoLo Earth Ventures
Cambium is building an AI that helps turn waste wood into usable lumber
Cambium uses data on timber and lumber transactions in a bid to make salvage wood appealing to a range of companies. © 2024 TechCrunch. All rights reserved. For personal use only.
Beta Technologies, eVTOLS, Exclusive, Global IT News, Global Security News, Transportation
Electric aircraft founder Kyle Clark threw out the Silicon Valley playbook
On a cool morning last November, 800 people gathered before sunrise in a South Burlington hangar to witness the maiden flight of Beta Technologies’ first electric aircraft to be built on its new scaled production line. Kyle Clark, Beta’s enigmatic founder and CEO, piloted the Alia CX300 — one of the startup’s two aircraft models…
AI, Exclusive, Global IT News, Global Security News, India, Meta, Social
Despite recent layoffs, Meta is expanding in India
Meta is expanding in India, despite recent layoffs of what the tech giant controversially deemed “low performers.” © 2024 TechCrunch. All rights reserved. For personal use only.
Beta Technologies, eVTOLS, Exclusive, Global IT News, Global Security News, Transportation
Electric aircraft founder Kyle Clark threw out the Silicon Valley playbook
On a cool morning last November, 800 people gathered before sunrise in a South Burlington hangar to witness the maiden flight of Beta Technologies’ first electric aircraft to be built on its new scaled production line. Kyle Clark, Beta’s enigmatic founder and CEO, piloted the Alia CX300 — one of the startup’s two aircraft models…
Exclusive, Fintech, Fundraising, Global IT News, Global Security News, Varo Bank
After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. …
AT&T, Cybersecurity, data breach, Exclusive, Global IT News, Global Security News, Security, Snowflake, Verizon
US Army soldier pleads guilty to AT&T and Verizon hacks
Cameron John Wagenius pleaded guilty to hacking AT&T and Verizon and stealing a massive trove of phone records from the companies, according to court records filed on Wednesday. Wagenius, who was a U.S. Army soldier, pleaded guilty to two counts of “unlawful transfer of confidential phone records information” on an online forum and via an…
Elon Musk, Exclusive, Global IT News, Global Security News, Government & Policy, SpaceX, xAI
Elon Musk staffer created a DOGE AI assistant for making government “less dumb”
A DOGE staffer created a custom AI chatbot that’s supposed to help “eliminate” government waste. © 2024 TechCrunch. All rights reserved. For personal use only.
3d printing, construction tech, Exclusive, Fundraising, Global IT News, Global Security News, icon, norwest venture partners, robotics, tiger global
ICON, a pioneer in 3D home printing, raises $56M led by Norwest, Tiger Global
ICON, which builds homes using 3D printing, has closed on $56 million in Series C funding co-led by Norwest Venture Partners and Tiger Global, the company has confirmed to TechCrunch exclusively. The raise represents a first close for the Austin-based ICON, according to a spokesperson. Existing backers CAZ Investments, LENX, Moderne Ventures, Oakhouse Partners and…
AI, Artificial Intelligence, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News, martech, Salesforce, Startups
Tofu is building an omni-channel marketing platform for enterprises
When EJ Cho started his first company in 2018, he was exposed to what it takes to market a product. He was surprised to find a market filled with different single-use tools. “It was a very frustrating experience,” Cho told TechCrunch. “I had to learn and juggle all these different tools. It felt like a…
DEI, Exclusive, Global IT News, Global Security News, Government & Policy, openai, Startups
OpenAI scrubs diversity commitment web page from its site
OpenAI has eliminated a page on its website that used to express its commitment to diversity, equity, and inclusion. The URL “https://openai.com/commitment-to-dei/” now redirects to “https://openai.com/building-dynamic-teams/,” a page that talks about people with “different backgrounds” with no use of the word diversity. The previous page stated that the company’s “investment in diversity, equity and inclusion”…
Android, Cybersecurity, Exclusive, Global IT News, Global Security News, Google, Hackers, hacking, Italy, Lookout, malware, Security, SIO, Spyware, WhatsApp
Spyware maker caught distributing malicious Android apps for years
Italian company SIO, which sells to government customers, is behind an Android spyware campaign called Spyrtacus that spoofed popular apps like WhatsApp, per security researchers. © 2024 TechCrunch. All rights reserved. For personal use only.
carbon credits, Chestnut Carbon, Climate, Exclusive, Forestry, formula 1, Formula 1 racing, Global IT News, Global Security News, Mercedes-AMG, Transportation
Mercedes-AMG Petronas F1 team steers toward nature-based carbon credits
The Mercedes-AMG Petronas team is buying 5,500 metric tons worth of carbon credits from Chestnut Carbon. © 2024 TechCrunch. All rights reserved. For personal use only.
brightmind, cisco, Enterprise, Exclusive, Fundraising, Global IT News, Global Security News, Google, id management, identity, identity access management, Microsoft, Security, sgnl, TC
SGNL snags $30M for a new take on ID security based on zero-standing privileges
Security experts often describe identity as the “new perimeter” in the world of security: in the world of cloud services where network assets and apps can range far and wide, the biggest vulnerabilities are often leaked and spoofed log-in credentials. A startup called SGNL has built a new approach that it believes is better at…
AI, contract lifecycle management, Enterprise, Exclusive, Funding, Fundraising, Global IT News, Global Security News, legal tech, legaltech, SpotDraft, startup, Startups
SpotDraft taps AI to help streamline contract management
More and more legal professionals are embracing AI, surveys show. Per a recent poll from legaltech company Clio, 79% of firms used some form of AI for casework last year, up from just 19% in 2023. Despite some skepticism of the tech, in-house counsel has shown an interest, as well, with one survey suggesting that…
Cloud, cloud storage, Enterprise, Exclusive, Global IT News, Global Security News, India, Lucidity, WestBridge Capital
Lucidity snags $21M to help enterprises optimize their cloud storage
Lucidity, an Indian startup allowing enterprises to automate expansion and shrinking of their cloud storage, has raised $21 million in a Series A round. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, droneseed, ecosystems, Exclusive, Forestry, Fundraising, Global IT News, Global Security News, mast reforestation, Pulse Fund, reforestation, reforesting, Social Capital Holdings, wildfires
Mast Reforestation hatched a plan to restore wildfire-ravaged forests. Investors took notice.
Mast enables reforestation without landowners needing to wait decades to harvest timber or claim carbon credits. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, AI agents, Artificial Intelligence, Enterprise, Exclusive, Global IT News, Global Security News, norwest venture partners, storm ventures, Talkdesk, TC
Pinkfish helps enterprises build AI agents through natural language processing
As the chief product officer for AI customer service startup TalkDesk, Charayna “CK” Kannan said that enterprises often say they want to automate different workflows but that it’s really hard to implement AI. Enterprises are dealing with clunky, legacy software, that often doesn’t have APIs, creating a daunting task their IT departments weren’t prioritizing. “Every…
AI, customer, customer value, Exclusive, Funding, Fundraising, Global IT News, Global Security News, startup, Startups, voyantis
Voyantis aims to help companies figure out their customers’ worth
How much is a customer worth to a company? That’s the eternal question. To arrive at an answer, customer and sales teams are often forced to use spreadsheets and other manual data analysis methods. The problem is, these methods tend to be slow and error-prone, leading to gaps in reporting processes. The challenge spurred two…
Bond, comulate, Enterprise, Exclusive, Fintech, Fundraising, Global IT News, Global Security News, insurance, Insuretech, TC, Workday
Insurance co’s stand to lose billions from disasters like the LA fires; Comulate raises $20M to build tech to help them work more smoothly
Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events will also lead to major financial losses at the insurance companies themselves. And longer term, all of this will put…
AI, Artificial Intelligence, Dealroom, Exclusive, foundational models, France AI Action Summit, Fundraising, GenAI, generative ai, Global IT News, Global Security News, openai, Venture
AI investments surged 62% to $110 billion in 2024 while startup funding overall declined 12%, says Dealroom
Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, even as they remain picky when it comes to funding the wider spectrum of technology. According to new figures from analytics firm Dealroom, AI startups raised $110 billion in funding last year, up 62% on the year before. At the same time, privately-backed…
Africa, Exclusive, Fintech, freelancers, Global Security News, payments, QED Investors, raenest, Startups
QED leads $11M investment in Nigerian fintech Raenest
As Africa’s tech ecosystem booms, more local talent is landing remote jobs with Big Tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers. They struggle to open accounts that accept US dollars, with foreign employers using incompatible payment platforms, and face slow invoicing and payment…
cap table management, Carta, Exclusive, Global IT News, Global Security News, Startups, venture capital
Carta settles two more lawsuits that alleged sexual harassment and discrimination
Carta, which previously faced scrutiny over its workplace environment, has settled two lawsuits filed by women who used to work there. © 2024 TechCrunch. All rights reserved. For personal use only.
autonomous vehicles, Exclusive, Global IT News, Global Security News, Lyft, Marubeni, Mobileye, robotaxi, Transportation
Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,’ starting with Dallas
Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, with more markets to follow, TechCrunch has exclusively learned. The news comes a day before Lyft shares its fourth-quarter and full-year 2024 earnings report, and it coincides with Waymo’s preparations to launch a commercial…
Artificial Intelligence (AI), Exclusive, Global IT News, Global Security News, self inspection, Transportation
Self Inspection raises $3M for its AI-powered vehicle inspections
A number of startups are racing to make vehicle inspections faster, easier, and cheaper. Self Inspection, a startup based in San Diego, thinks it has them all beat with its AI-powered service — and now it has convinced outside investors. Self Inspection, founded in 2021, is set to announce Thursday it’s raised $3 million in…
AI, ai apps, Exclusive, Global IT News, Global Security News, prompt engineering, promptlayer, Startups
PromptLayer is building tools to put non-techies in the driver’s seat of AI app development
The GenAI boom of the last few years has unleashed a wave of startups promising to support the process of prompt engineering — i.e., coming up with instructions to precisely steer an AI chatbot to serve useful output. So think tools like OpenAI’s ChatGPT and Google’s Gemini, which present the user with a blank field…