Category: Exclusive

Rain, a startup offering employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round. The round was led by Prosus at a post-money valuation of $340 million. Rain plans to use the new funds to help it add credit…

Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets

April 7, 2025

Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell…

Someone hacked ransomware gang Everest’s leak site

April 7, 2025

“Don’t do crime,” the ransomware gang’s dark web leak site reads.

Ted Schlein’s Ballistic Ventures is raising $100M for a new fund

April 3, 2025

Ted Schlein’s cybersecurity-focused Ballistic Ventures is raising $100 million for a new fund, TechCrunch has exclusively learned.

Thatch raises $40M to give employees more control of their health care choices

April 3, 2025

Thatch, a startup that aims to transform the health insurance experience for employers and employees alike, has raised $40 million in a Series B round of funding, it tells TechCrunch exclusively. Index Ventures led the financing, which included participation from existing backers Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and new…

Redwood Materials preps for expansion spree with new R&D center in San Francisco

April 2, 2025

Redwood Materials has been on an expansion tear in recent years — growth that has extended the lithium-ion battery recycling and materials startup’s footprint well beyond its Carson City, Nevada headquarters as it locked up deals with Toyota, Panasonic, and, GM, started construction on a South Carolina factory, and made an acquisition in Europe. And…

Khosla’s Keith Rabois leads $11.5M Series A for startup Roam, calls it ‘the future of the housing market’

April 2, 2025

During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%. The whiplash has left many people seeking to buy homes…

Actively AI raises $22.5M to offer sales ‘superintelligence,’ says AI SDRs failed

April 2, 2025

Actively AI argues that most AI sales reps have “failed.” It just raised $22.5 million.

Fourier is making hydrogen electrolyzers inspired by data centers

April 2, 2025

Most recent hydrogen startups have been focused on making modular electrolyzers, but Fourier has taken that trend to the extreme.

Who are climate conscious consumers? Not who you’d expect, says Northwind Climate

April 1, 2025

Rather than divide people into demographic buckets, Northwind Climate analyzes survey responses for behavioral clues.

API testing firm APIsec exposed customer data during security lapse

March 31, 2025

The API testing firm took down a database exposed to the internet without a password.

Temporal lands $146 million at a flat valuation, eyes agentic AI expansion

March 31, 2025

Seattle-based Temporal has made its name over the last several years in the world of microservices — specifically providing a platform to orchestrate the messy business of building and operating integrations and updates across disparate services and apps in the cloud. But the AI boom has come at the company fast. Now, Temporal has raised…

YC-backed Taxo raises $5M to slash healthcare admin with its AI ‘reasoning engine’

March 28, 2025

YC-backed startup Taxo has raised a $5m seed round to save doctors time and money on admin work.

YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B

March 27, 2025

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…

Times Internet spin-out Abound raises $14M to let more Indian Americans send money home

March 27, 2025

Abound, a go-to remittance app that was spun off by India’s Times Internet, has raised $14 million in a seed round.

UnitedHealth removes mentions of DEI from its website

March 26, 2025

The health insurance giant is the latest to remove references to diversity, equity and inclusion policies amid mounting pressure from the Trump administration.

Leaked data exposes a Chinese AI censorship machine

March 26, 2025

One academic who reviewed the dataset said it was “clear evidence” that China, or its affiliates, wants to use AI to improve repression.

Read the email Jack Dorsey sent when he cut 931 of Block’s staff

March 25, 2025

Block just laid off 931 employees. Read the email from its co-founder Jack Dorsey for more details on why.

Earth AI’s algorithms found critical minerals in places everyone else ignored

March 25, 2025

The startup uses AI to quickly search for minerals over wide areas, identifying promising potential deposits for exploration.

Plural’s platform allows enterprises to manage their Kubernetes clusters in one place

March 25, 2025

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…

a16z and Benchmark-backed 11x has been claiming customers it doesn’t have

March 24, 2025

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…

Fair-code pioneer n8n raises $60M for AI-powered workflow automation

March 24, 2025

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…

How a $6M bet on Wiz turned into a massive 200x return for one early backer

March 19, 2025

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…

Data breach at stalkerware SpyX affects close to 2 million, including thousands of Apple users

March 19, 2025

A key DeepMind robotics researcher left Google and Nvidia has already backed his stealth startup

March 19, 2025

In another good sign for fintech, Ribbit Capital is raising a new $500M fund

March 19, 2025

Mortgage as an employee benefit? Kleiner Perkins leads $23.5M Series A for Multiply Mortgage

March 19, 2025

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…

Hunted Labs lands $3M to find suspicious open source contributors

March 19, 2025

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,…

Prezent raises $20M to build AI for slide decks

March 19, 2025

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.

New $5M deep tech fund aims to lure founders from universities

March 18, 2025

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.

Coreshell has a plan to slash the price of American made batteries

March 18, 2025

OpenAI to start testing ChatGPT connectors for Google Drive and Slack

March 17, 2025

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…

YC-backed ReactWise is applying AI to speed up drug manufacturing

March 17, 2025

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…

Palmetto wants software developers to electrify America using its AI building models

March 17, 2025

Bench is charging people for services they already paid for, some customers say

March 14, 2025

Tern AI’s low-cost GPS alternative actually works

March 14, 2025

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 is still hosting stalkerware victims’ data weeks after breach alert

March 13, 2025

Snap introduces AI Video Lenses powered by its in-house generative model

March 12, 2025

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…

Garantex administrator arrested in India under extradition law

March 12, 2025

Why Onyx thinks its open source solution will win enterprise search

March 12, 2025

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 —…

Scimplify raises $40M to help manufacturers access specialty chemicals

March 12, 2025

North Korean government hackers snuck spyware on Android app store

March 12, 2025

Elea AI is chasing the healthcare productivity opportunity by targeting pathology labs’ legacy systems

March 12, 2025

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 CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’

March 11, 2025

DOGE axes CISA ‘red team’ staffers amid ongoing federal cuts

March 11, 2025

BaaS startup Synctera raises $15M, signs Bolt as a customer

March 11, 2025

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,…

The sibling founders of Stax Payments are back with a $20M seed raise for their new fintech, Worth

March 11, 2025

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…

Meet the new VC firm secretly backed by Volkswagen

March 11, 2025

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…

General Fusion fires up its newest steampunk fusion reactor

March 11, 2025

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.

Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

March 11, 2025

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.

Some say passkeys are clunky — this startup wants to change that

March 11, 2025

Equator closes $55M fund to bring more private capital to African climate tech

March 11, 2025

Meet the new VC firm secretly backed by Volkswagen

March 11, 2025

Infinite Uptime bags $35M to help factories optimize equipment usage

March 10, 2025

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.

Daqus Energy has a plan to make EV sports cars fast, light, and cheap

March 10, 2025

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…

Microsoft appears to be working on 3D gaming experiences for Copilot

March 10, 2025

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…

Why VCs ghost founders, or reject deals and never speak to the founder again

March 6, 2025

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…

How Uber’s new product chief is gearing up for robotaxis

March 6, 2025

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…

Faireez raises $7.5M for AI-powered hotel-style housekeeping for condo residents

March 6, 2025

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…

Renaissance Fusion raises €32M to radically simplify complex fusion reactors

March 6, 2025

Alpine Eagle secures funding from European backers for counter-drone tech amid rising threats

March 6, 2025

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…

Volkswagen’s cheapest EV ever is the first to use Rivian software

March 5, 2025

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).…

Not all cancer patients need chemo. Ataraxis AI raised $20M to fix that.

March 5, 2025

Anna Patterson’s Ceramic.ai looks to help enterprises build AI models faster and more efficiently

March 5, 2025

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…

Flex, a Brex for business owners, has raised $25M at a $250M valuation

March 5, 2025

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…

From high school science project to $18.3M: AI-accelerated enzymes are coming for fast fashion’s plastic waste

March 5, 2025

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…

Scrunch AI is helping companies stand out in AI search

March 4, 2025

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…

Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

March 4, 2025

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…

General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

March 3, 2025

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…

Ramp has more than doubled its annualized revenue to $700 million

March 3, 2025

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…

Lee Enterprises ransomware attack hits freelance and contractor payments

March 3, 2025

HackerPulse wants to help enterprises spot engineering bottlenecks

March 3, 2025

Uber is piloting accounts for teenagers in India

March 3, 2025

Spyzie stalkerware is spying on thousands of Android and iPhone users

February 27, 2025

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.

Workhelix taps years of research to help enterprises figure out where to apply AI

February 27, 2025

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…

ResilienceVC bucks trend, unveils $56M fund to back fintechs working on financial inclusion

February 27, 2025

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…

Commercetools, a pioneer in ‘headless commerce’, lays off dozens of staff

February 26, 2025

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…

Shop Circle raises $60M to encircle e-commerce with an app suite

February 26, 2025

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…

Anagram takes a gamified approach to employee cybersecurity training

February 26, 2025

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…

Bridgetown Research raises $19M to speed up due diligence with AI

February 26, 2025

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.

Thousands of exposed GitHub repos, now private, can still be accessed through Copilot

February 26, 2025

DocUnlock wants to solve a customs bottleneck

February 25, 2025

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…

University spin-out Afynia secures $5M seed to commercialize its microRNA panel test for endometriosis

February 25, 2025

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…

Mitico raises $4.3M seed round to capture CO2 using ‘prehistoric chemistry’

February 25, 2025

Apple Watch shipments surge in India

February 25, 2025

Flexport releases onslaught of AI tools in a move inspired by ‘Founder Mode’

February 24, 2025

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 is building an AI that helps turn waste wood into usable lumber

February 24, 2025

Electric aircraft founder Kyle Clark threw out the Silicon Valley playbook

February 23, 2025

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…

Electric aircraft founder Kyle Clark threw out the Silicon Valley playbook

February 20, 2025

After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

February 19, 2025

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. …

US Army soldier pleads guilty to AT&T and Verizon hacks

February 19, 2025

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 staffer created a DOGE AI assistant for making government “less dumb”

February 18, 2025

ICON, a pioneer in 3D home printing, raises $56M led by Norwest, Tiger Global

February 14, 2025

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…

Tofu is building an omni-channel marketing platform for enterprises

February 13, 2025

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…

OpenAI scrubs diversity commitment web page from its site

February 13, 2025

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”…

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