Category: Exclusive

Cambium, Climate, construction materials, Exclusive, Fundraising, Global IT News, Global Security News, sustainable forestry, VoLo Earth Ventures

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”…

Spyware maker caught distributing malicious Android apps for years

February 13, 2025

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.

Mercedes-AMG Petronas F1 team steers toward nature-based carbon credits

February 13, 2025

SGNL snags $30M for a new take on ID security based on zero-standing privileges

February 12, 2025

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…

SpotDraft taps AI to help streamline contract management

February 12, 2025

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…

Lucidity snags $21M to help enterprises optimize their cloud storage

February 12, 2025

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.

Mast Reforestation hatched a plan to restore wildfire-ravaged forests. Investors took notice.

February 11, 2025

Pinkfish helps enterprises build AI agents through natural language processing

February 11, 2025

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…

Voyantis aims to help companies figure out their customers’ worth

February 11, 2025

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…

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

February 11, 2025

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 investments surged 62% to $110 billion in 2024 while startup funding overall declined 12%, says Dealroom

February 11, 2025

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…

QED leads $11M investment in Nigerian fintech Raenest

February 11, 2025

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…

Carta settles two more lawsuits that alleged sexual harassment and discrimination

February 10, 2025

Bird cuts 120 jobs as part of ‘strategic realignment’

February 10, 2025

Bird, formerly MessageBird, has cut 120 jobs — roughly one-third of its workforce — as the startup plans to realign its global operations. © 2024 TechCrunch. All rights reserved. For personal use only.

Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,’ starting with Dallas

February 10, 2025

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…

Self Inspection raises $3M for its AI-powered vehicle inspections

February 7, 2025

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…

PromptLayer is building tools to put non-techies in the driver’s seat of AI app development

February 7, 2025

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…

Sprinklr cuts 500 employees, citing underwhelming business performance

February 6, 2025

Early Meta employee sues for sexual harassment, gender discrimination

February 6, 2025

One of Meta’s earliest employees is suing the company for sexual harassment, sex discrimination, and retaliation, according to a lawsuit filed this week in the state of Washington. Kelly Stonelake, who spent 15 years at the company and rose to the rank of director, alleges in the lawsuit she faced a cycle of gender-based discrimination…

Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale

February 6, 2025

TrueFoundry, a startup offering enterprises a platform to deploy compound AI systems at scale, as raised $19 million in a Series A round led by Intel Capital. © 2024 TechCrunch. All rights reserved. For personal use only.

Presto is building Stripe for EV charging

February 6, 2025

Bench burned through $135 million before shutting down

February 5, 2025

A clearer picture of Bench’s downfall is emerging thanks to new bankruptcy filings, which show the accounting startup burned $135 million before collapsing. © 2024 TechCrunch. All rights reserved. For personal use only.

Modern Synthesis is making compostable materials that last a lifetime

February 5, 2025

Hitachi Ventures raises $400M fund to invest in everything from fusion to AI

February 5, 2025

Spyware maker Paragon confirms U.S. government is a customer

February 4, 2025

Israeli spyware maker Paragon Solutions confirmed to TechCrunch that it sells its products to the U.S. government and other unspecified allied countries. Paragon’s executive chairman John Fleming said in a statement to TechCrunch on Tuesday that, “Paragon licenses its technology to a select group of global democracies — principally, the United States and its allies.”…

E-fuels startup will make diamonds before powering jet planes

February 4, 2025

DSTLRY, the comic books marketplace, launches new customization features for artists

February 4, 2025

DSTLRY, a venture-backed digital comic books marketplace, on Tuesday added a pair of features designed to bring customization to the platform. The first feature, dubbed Commissioned Digital Remarques, allows creators to add personalized sketches and signatures to digital comics. The second, Unlimited Digital Covers, expands platform-wide access to alternative comic book covers. Commissioned Digital Remarques…

LogicStar is building AI agents for app maintenance

February 4, 2025

Swiss startup LogicStar is bent on joining the AI agent game. The summer 2024-founded startup has bagged $3 million in pre-seed funding to bring tools to the developer market that can do autonomous maintenance of software applications, rather than the more typical AI agent use-case of code co-development. LogicStar CEO and co-founder Boris Paskalev suggests…

Two space startups have merged to create the next generation of telescopes

February 4, 2025

On a clear spring evening in Michigan, the stars aligned — just not in the way Upfront Ventures partner Nick Kim expected. He’d just led a $9.5 million seed round for OurSky, a software platform for space observational data, and was eager to see what its telescope partner PlaneWave Instruments could do. But when they…

Sotira lands $2M to help brands offload and monetize their surplus inventory

February 4, 2025

An estimated 20% to 30% of all inventory in the U.S. is surplus, with much of it ending up in landfills. A startup called Sotira wants to help address this problem: It leverages AI to help companies offload and monetize their surplus inventory. Sotira partners with brands to offload millions of pounds of surplus grocery,…

Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi

February 4, 2025

A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored for low- and middle-income workers. The company provides solutions like salary advances, digital payments, and microloans to help…

Accel backs Indian AI startup building ‘ChatGPT for presentations’

February 3, 2025

Anthropic CEO Dario Amodei is trying to duck a deposition in an OpenAI copyright lawsuit

January 31, 2025

Anthropic CEO Dario Amodei is trying to avoid being deposed in a copyright lawsuit against OpenAI, according to new court filings. In response, lawyers for the plaintiff — the Authors Guild — have filed a motion to compel testimony from Amodei and his Anthropic co-founder, Benjamin Mann. Authors Guild’s lawyers claim that Amodei and Mann,…

AngelSense exposed location data and personal information of tracked users

January 30, 2025

The exposed database was connected to the internet without a password, exposing GPS coordinates, names, phone numbers, and postal addresses. © 2024 TechCrunch. All rights reserved. For personal use only.

SuperOps bags $25M to use AI to better help managed service providers

January 30, 2025

SuperOps has raised $25 million in an all-equity Series C round led by March Capital to bolster AI integration into tools supporting managed service providers and IT teams. © 2024 TechCrunch. All rights reserved. For personal use only.

Solar startup Niko is building Mexico’s first virtual power plant

January 29, 2025

After more than a year of helping solar installers sell, plan, and finance panels for residential and small commercial building owners, Niko found another opportunity. © 2024 TechCrunch. All rights reserved. For personal use only.

Meteomatics eyes U.S. expansion for its enterprise-focused weather forecasting tools

January 29, 2025

Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about weather forecasting from the prediction side, he realized the gaps that remained on the consumption…

Formance raises $21M to build the AWS for fintech infrastructure

January 29, 2025

If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors and funds spread across…

Automattic and others back Openvibe, an app that’s unifying the open social web

January 28, 2025

Openvibe’s clever app that integrates multiple open social networks including Bluesky, Mastodon, Nostr, and Threads, just got a boost toward its future development. The company on Tuesday announced that it has received outside investment of $800,000 in a round led by Czech Founders VC, which includes backing from WordPress.com and Tumblr parent company, Automattic, as…

This founder was worried about his mother slipping — so he created sensors to detect falls

January 28, 2025

Falls are common for older people living semi-independently. According to the CDC, they’re the leading cause of injury for adults aged 65 and up. On average, about 10% of these falls are serious, requiring medical attention. Yet many fall victims don’t get the treatment they need. George Netscher, a software developer by training, watched his…

Atomicwork gets backing from Khosla for its AI alternative to old-school IT software like ServiceNow

January 28, 2025

Atomicwork has raised $25 million in a Series A round co-led by Khosla Ventures and Z47 to expand its AI agentic platform for enterprises. © 2024 TechCrunch. All rights reserved. For personal use only.

Former Intel CEO Pat Gelsinger is already using DeepSeek instead of OpenAI at his startup, Gloo

January 27, 2025

The tech industry’s reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will make AI better for everyone. © 2024 TechCrunch. All rights reserved. For personal use only.

Hackers are targeting machine identities. Token Security just raised $20M to stop them

January 27, 2025

The number of machine identities is booming thanks to the growth of cloud and AI – and it’s posing real security problems by giving hackers way more entry points than ever before. For example, a 2023 hack of authentication app Okta was caused by exploiting a service account while in 2024, Microsoft disclosed a major…

Lydian Labs can make aviation fuel wherever there’s CO2 and electricity

January 27, 2025

2025 will likely be another brutal year of failed startups, data suggests

January 26, 2025

UnitedHealth confirms 190 million Americans affected by Change Healthcare data breach

January 24, 2025

Hidden Waymo feature let researcher customize robotaxi’s display

January 23, 2025

Method is helping fintech companies like SoFi build repayment functionality into their apps

January 23, 2025

It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with a patchwork of brittle screen-scraping APIs to extract data from users’ financial institutions — or worse, tools to process mounds of physical checks and paperwork. Three friends and entrepreneurs — Jose…

Tive’s tools help companies track the status of their shipments in real time

January 23, 2025

The global supply chain is under strain, and one of the reasons is a lack of visibility into how shipments are being transported around the world. According to one recent survey, nearly half of the organizations polled reported having little-to-no visibility into their upstream supply chains. In search of a remedy, Krenar Komoni, who’d for…

Fundraise Up claims its AI can boost nonprofit donations

January 23, 2025

Many nonprofits are stuck with outdated, expensive, and limited tech that hinders their ability to fund their mission or cause. While most consider adopting tech to be a priority, they’re faced with a number of blockers, including siloed data and issues with integration. Peter Byrnes, the co-founder of Fundraise Up, a Brooklyn-based fundraising platform for…

African fintech Moniepoint gets Visa backing, plans to work on contactless payments

January 23, 2025

Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa. Sources close to the deal…

Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale

January 22, 2025

The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal. The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade.…

AngelList, CoinList partner to help crypto startups raise and manage funds

January 22, 2025

Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins. They are teaming up to launch Crypto special purpose vehicles (SPVs) and Crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday. The partnership, they said, will give…

Ramp encroaches into digital bank territory with new treasury product

January 22, 2025

Over the years, Ramp has built a name for itself in the corporate card and expense management space. It’s branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding. Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of…

Sales knowledge automation platform 1up gets a third of its customer leads from memes

January 22, 2025

When George Avetisov was the founder and CEO of cybersecurity startup HYPR, he spent a lot of time in the trenches with the company’s sales team. He quickly realized that regardless of how good his sales team was, they were consistently pulling in other departments to answer customer questions or fill out technical questionnaires. “They…

Truecaller brings real-time caller ID to iPhone users

January 21, 2025

Amperesand targets data centers as the next big customer for its solid-state transformers

January 21, 2025

Startup founders flooded inauguration parties hopeful for dealmaking

January 21, 2025

From recruiting for Palantir to landing a plane on Highway 85: meet defense tech’s wildest power broker

January 19, 2025

Peter Conway has recruited for some of the buzziest defense and hard tech firms in Silicon Valley over the last decade, like Palantir and Mach Industries. © 2024 TechCrunch. All rights reserved. For personal use only.

ChatGPT’s head of product will testify in the US government’s case against Google

January 17, 2025

Malware stole internal PowerSchool passwords from engineer’s hacked computer

January 17, 2025

Failed fintech startup Bench racked up over $65 million in debt, documents reveal

January 16, 2025

Google strikes world’s largest biochar carbon removal deal with Indian startup Varaha

January 16, 2025

TikTok owner ByteDance powered an e-reader’s unhinged AI assistant

January 15, 2025

Tesla to split $100M award for electric truck charging corridor in Illinois

January 15, 2025

Tesla, along with three other industry partners, quietly backed an Illinois Environmental Protection Agency application that won $100 million in funding to build electric truck charging stations across the state, TechCrunch has learned. The award was the biggest given out by the Biden Administration’s Federal Highway Administration last week in the second round of what’s…

Bluesky is getting its own photo-sharing app, Flashes

January 15, 2025

More good news for those looking to exit Meta’s social app ecosystem in favor of a more open alternative: An independent developer is building a photo-sharing app for Bluesky called Flashes. The soon-to-launch app is powered by the same technology that underpins Bluesky, the AT Protocol, and has been built using code from the developer’s…

PowerSchool data breach victims say hackers stole ‘all’ historical student and teacher data

January 15, 2025

UnitedHealth hid its Change Healthcare data breach notice for months

January 15, 2025

Nelly raises $51 million to digitalize medical practices across Europe

January 14, 2025

Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. That’s why Nelly recently raised €50 million in funding (around…

Accel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India

January 14, 2025

EV startup Harbinger’s obsession with simplicity fuels $100M Series B

January 14, 2025

It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking an hyper-focused approach to electrifying commercial trucking. The reward is a $100 million Series B, co-led by early Tesla investor Capricorn…

How Barcelona became an unlikely hub for spyware startups

January 14, 2025

Barcelona’s mix of affordable cost of living and quality of life has helped create a vibrant startup community — and become a hotbed for the creation of surveillance technologies. © 2024 TechCrunch. All rights reserved. For personal use only.

Raspberry AI raises $24M from a16z to accelerate fashion design

January 13, 2025

The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry…

Biden admin snubs Tesla’s $100 million big-rig charging funding request — again

January 13, 2025

The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner…

Bench customers are now being forced to hand over their data or risk losing it, they say

January 10, 2025

After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave. And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based in Canada that raised…

How OpenAI’s bot crushed this seven-person company’s web site ‘like a DDoS attack’

January 10, 2025

OpenAI was sending “tens of thousands” of server requests trying to download Triplegangers’ entire site which hosts hundreds of thousands of photos. © 2024 TechCrunch. All rights reserved. For personal use only.

Gumloop, founded in a bedroom in Vancouver, lets users automate tasks with drag-and-drop modules

January 10, 2025

Developers Max Brodeur-Urbas and Rahul Behal think that AI has the potential to automate lots of business-relevant tasks, but that many of the AI-powered automation tools on the market today are unreliable and costly. Part of the problem is that users expect too much of AI, Brodeur-Urbas told TechCrunch — for instance, they assume that…

Scale AI hit by its second employee wage lawsuit in less than a month

January 9, 2025

PowerSchool says hackers stole students’ sensitive data, including Social Security numbers, in data breach

January 9, 2025

Innovaccer aims to become healthcare’s AI powerhouse with $275M Series F

January 9, 2025

Innovaccer has raised a $275M Series F from investors including B Capital Group, Banner Health, Danaher Ventures, Generation IM, Kaiser Permanente, and M12. © 2024 TechCrunch. All rights reserved. For personal use only.

Biosphere zaps germs with UV light to make biomanufacturing cheaper

January 9, 2025

Using LEDs has the potential to bring down the cost of biomanufacturing, allowing such processes to make materials that previously would have been too expensive. © 2024 TechCrunch. All rights reserved. For personal use only.

Gridware’s boxes literally listen to power lines to find outages

January 8, 2025

Indian government websites are still redirecting users to scam sites

January 7, 2025

Nvidia CEO says his AI chips are improving faster than Moore’s Law

January 7, 2025

Nvidia CEO Jensen Huang says the performance of his company’s AI chips is advancing faster than historical rates set by Moore’s Law, the rubric that drove computing progress for decades. “Our systems are progressing way faster than Moore’s Law,” said Huang in an interview with TechCrunch on Tuesday, the morning after he delivered a keynote…

South Park Commons is raising $40M for an India-specific fund

January 7, 2025

Alta Resource breaks down e-waste for rare earth metals that electronics need

January 7, 2025

Nvidia, Apple, and the Pentagon want more rare earth metals. Alta says it can capture more of the critical minerals from low-grade sources than other methods. © 2024 TechCrunch. All rights reserved. For personal use only.

From forced landings to stuffed animal heads, headhunter Peterson Conway is defense tech’s wildest power broker

January 4, 2025

Conway has recruited for some of the buzziest defense and hard tech firms in Silicon Valley over the last decade, like Palantir and Mach Industries. © 2024 TechCrunch. All rights reserved. For personal use only.

Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

January 3, 2025

Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log…

Generative AI funding reached new heights in 2024

January 3, 2025

If there was any doubt, the generative AI bubble didn’t burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide…

Electra found a cheap, clean way to purify iron, and it’s raising $257M to make it happen

January 3, 2025

Electra has raised $76.3 million to clean up the dirty ironmaking industry, TechCrunch has learned. The startup has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. The new funding round, which was disclosed in a regulatory filing, seeks to raise a total…

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