Category: Fundraising

Biotech & Health, Fintech, Fundraising, Global IT News, Global Security News, payments, secondary, stripe

Stripe finalizes tender sale at a $91.5B valuation, says payment volumes grew to $1.4T in 2024

February 27, 2025

Digital payments platform Stripe has yet to lay out plans to go public, but in the meantime the company has thrown past and present employees a line for some liquidity. The company on Thursday confirmed a tender offer where investors will buy up shares from those employees at a valuation of $91.5 billion. Stripe said…

Taktile helps fintechs build automated decision-making workflows

February 27, 2025

The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with…

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…

Inception emerges from stealth with a new type of AI model

February 26, 2025

Inception, a new Palo Alto-based company started by Stanford computer science professor Stefano Ermon, claims to have developed a novel AI model based on “diffusion” technology. Inception calls it a diffusion-based large language model, or a “DLM” for short. The generative AI models receiving the most attention now can be broadly divided into two types:…

Continue wants to help developers create and share custom AI coding assistants

February 26, 2025

A new startup wants to help developers create customized, contextual coding assistants that can connect with any model and integrate seamlessly with their development environments. Founded in June 2023 by CEO Ty Dunn and CTO Nate Sesti (pictured above), Y Combinator alum Continue has already garnered some 23,000 stars on GitHub and 11,000 Discord community…

Lock screen platform Glance launches AI-powered shopping experience, gets fresh backing from Google

February 26, 2025

Lock screen platform Glance announced today that it is launching a new generative AI-based shopping experience. It will suggest different outfits on a user’s personalized avatar. The company is partnering with Google to use the company’s Gemini models and Vertex AI to deploy the experience. Separately, the company also got fresh backing from Google —…

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…

Regie.ai injects sales enablement with AI, but keeps humans in the loop

February 26, 2025

There’s no sure-fire approach to sales enablement, the process of providing a sales team with the resources it needs to close deals. Some teams are deficient on the prospecting side — that is, identifying and contacting potential customers. Others require help getting deals over the finish line. To meet these diverse wants, founders Matt Millen…

Nomagic picks up $44M for its AI-powered robotic arms

February 26, 2025

Regions like the U.S. and Europe have been doubling down on rebuilding their industrial muscle, after decades of closing down factories and outsourcing the work to countries like China. To that end, a fast-growing Polish startup called Nomagic, which builds robots — specifically robotic arms — for logistics operations, is announcing $44 million in funding,…

Sweden’s Lovable, an app-building AI platform, rakes in $15M after spectacular growth

February 25, 2025

Using generative AI to create software has been possibly the largest use case since it first appeared a couple years ago. But platforms like Cursor and Copilot are mostly confined to a world inhabited by trained engineers. Lovable, a Swedish AI startup, reached the front page of both Product Hunt and Hacker News last year…

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…

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

February 25, 2025

Quantum Machines raises $170M, says it’s working with more than half of all quantum computing companies

February 25, 2025

Quantum computing remains a holy grail in the world of technology, but with some important breakthroughs in the last several months, investors are betting on the more promising startups in the space to make the concept of super-efficient particle- and electron-based computing a reality. In the latest development, Quantum Machines, an Israeli startup that provides…

Perfect taps $23M to fix the flaws in recruitment with AI

February 25, 2025

“Agentic AI” is the concept of the moment. Developers big and small are rushing to build apps to leapfrog the heavy lifting needed to employ generative AI in specific contexts… and investors are rushing to fund the most interesting of these. In one of the latest examples, a startup out of Israel called Perfect —…

Anthropic reportedly ups its next funding round to $3.5B

February 24, 2025

Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.…

The startup battle begins now: TechCrunch Startup Battlefield 200 applications are open

February 24, 2025

Pre-Series A founders, this is your moment! If you’re ready to showcase your game-changing innovations on a global stage, the battlefield awaits. Applications for TechCrunch Startup Battlefield 200 — the premier startup pitch competition — are officially OPEN. This is your shot to shine! Step onto the global stage and showcase your groundbreaking startup to…

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

February 24, 2025

Yope is sparking GenZ (and VC) interest with an Instagram-like app for private groups

February 24, 2025

Photo and video apps targeting young adults with social hooks are a dime a dozen these days, so those that show traction with 18-twentysomethings tend to catch the attention of investors looking for the next Instagram or TikTok. In the latest example, photo-sharing app Yope, which lets you share still images to private groups, says…

Augury and Hightouch joined the unicorn club

February 21, 2025

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Startup life is a story of births and deaths. This week confirmed this, and it confirmed that unicorn rounds are not dead. Most interesting startup stories from…

Apply to Speak at TechCrunch Sessions: AI before the deadline

February 21, 2025

AI Innovators, seize your moment! Have insights that could inspire 1,200 AI founders, investors, and enthusiasts eager to advance the future of AI? Take center stage, influence the AI conversation, and exchange ideas at TechCrunch Sessions: AI on June 5 at UC Berkeley’s Zellerbach Hall. We’re gathering top AI visionaries from the startup world to…

Three reasons every founder and VC should be at TechCrunch All Stage 2025

February 21, 2025

From idea to IPO — where are you on your startup journey? If any of that sounds like you — or if you’re in between stages and ready to level up — TechCrunch All Stage 2025 (formerly Early Stage) is the place to be. Join 1,200 founders to exchange ideas and meet the right VC…

TechCrunch Disrupt 2025: Lowest prices of the year end in 7 days

February 21, 2025

You read that headline correctly! The best deals for TechCrunch Disrupt 2025 tickets are about to end in just 7 days. Save up to $1,130 on individual passes and up to 30% on group tickets. Don’t wait — these offers end on February 28 at 11:59 p.m. PT. Join us in celebrating 20 years of…

6 new tech unicorns were minted in January 2025 so far.

February 20, 2025

Despite a still tight venture capital market, new unicorns are still being created every month. Using data from Crunchbase and PitchBook, TechCrunch tracked down the newly VC-backed startup minted unicorns so far this year as of the end of January. Those include healthcare companies like Hippocratic AI and satellite space companies like Loft Orbital. This…

61 US startups became unicorns in 2024: Here’s the full list

February 20, 2025

Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders

February 20, 2025

Cherryrock Capital, founded by ex-TaskRabbit CEO Stacy Brown-Philpot, announced Wednesday the closing of its $172 million Fund I with an all-star limited partner list that includes JPMorgan, Goldman Sachs, MassMutual, Melinda French Gates’ Pivotal Ventures, Reid Hoffman, Mellody Hobson, and Sheryl Sandberg. Brown-Philpot told Bloomberg that the fund actually closed in January. The firm launched…

Arize AI hopes it has first-mover advantage in AI observability

February 20, 2025

SmartSuite raises $38M to be the final word on enterprise collaboration

February 20, 2025

Three founders who built out one of the bigger startups in risk management are scaling a new company to take on another pain point in the world of work. SmartSuite‘s platform lets teams collaborate on projects, build automations around that work, and search and access work across larger libraries of data spanning a disparate number…

Spore.Bio raises $23M to apply machine learning to microbiology testing

February 19, 2025

Recalls in the food and beverage industry due to contamination incidents can have catastrophic effects. Not only do companies have to pay fines and damages, but the impacts on the brand’s reputation can be long-lasting. That’s why Spore.Bio, a Paris-based deeptech startup, is trying to reinvent microbiology testing to avoid the next PR crisis in…

AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say

February 19, 2025

Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by a returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced…

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. …

Brand new women’s focused Swizzle Ventures skyrockets past its fundraising target

February 19, 2025

Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch previously reported that the firm, which quietly launched in 2023, was raising and has already bypassed $5 million, per its SEC filing. The thesis of Fund I will…

Sanas taps AI to change call center workers’ accents in real time

February 19, 2025

The demand for voice and speech recognition technologies is massive — and growing. An analysis by market research firm Markets and Markets found that the sector could be worth over $28.1 billion by 2027. There’s no shortage of vendors providing voice and speech recognition solutions, but some newer upstarts have managed to carve out niches.…

Hyperlume wants to make chip-to-chip communication faster and more efficient

February 19, 2025

Data centers consumed 4.4% of U.S. electricity in 2023 and are estimated to use up to 12% by 2028. The majority of the energy data centers suck up is used to help transfer data from chip to chip. A company called Hyperlume is looking to make that process more energy-efficient while also speeding it up.…

Augury raises $73M on a $1B+ valuation for AI to detect malfunctions in factory machines

February 19, 2025

As companies like Nvidia and SoftBank make industrial robotics into a key focus for future R&D, a startup has raised funding today for another facet of how AI is being used on the factory room floor. Augury, which develops AI-based hardware that measures vibrations, sound, temperature and other factors to understand how machines are working…

Guidde taps AI to help create software training videos

February 19, 2025

Creating corporate training videos for software is a time-consuming ordeal, especially if you’re an organization with a lot of software licenses. Training videos can help get employees up to speed, but they’re a big lift. They often take entire teams to produce. Tel Aviv-based entrepreneur Yoav Einav thought there might be an alternative, cheaper way…

Safe Superintelligence, Ilya Sutskever’s AI startup, is reportedly close to raising roughly $1B

February 18, 2025

Safe Superintelligence, an AI startup founded by former OpenAI chief scientist Ilya Sutskever, could be close to raising more than $1 billion at a $30 billion valuation — a higher valuation than reported just weeks ago. Bloomberg reports that VC firm Greenoaks Capital Partners is leading the deal and pledging to invest half a billion…

Fintech fundraising is giving me 2021 flashbacks

February 18, 2025

Welcome to TechCrunch Fintech! This week we’re looking at some big valuation jumps, how Stripe is eyeing another shareholder sale, a colorful conversation with an early-stage VC, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big…

Fetii’s group rideshare app for young people attracts funding from Mark Cuban, YC

February 18, 2025

When he was a senior studying at Texas A&M University, Matthew Iommi realized that there were no good options for transporting groups of people. Fellow college students heading out for the night together didn’t have access to on-demand rides with the same convenience, accessibility, and affordability of typical ride-hail platforms, like Uber and Lyft. “Once…

Hightouch raises $80M on a $1.2B valuation for marketing tools powered by AI

February 18, 2025

Last decade, companies like Segment rewrote the book on how organizations used APIs to merge data from disparate apps to improve marketing strategies. Today, a startup called Hightouch — co-founded by a former engineering manager at Segment — is announcing $80 million in funding for the next chapter: a platform that lets sales, marketing, and…

Legal AI-startup Luminance, backed by the late Mike Lynch, raises $75M

February 18, 2025

Given Generative AI is very good at interpreting dense texts, it’s been a boon for startups attacking one of the most complex sets of texts there is: the law. We’ve thus seen an explosion of legal tech, supercharged by AI, in the last year or so. Lawtech startup Eudia bagged $105 million only last week. …

Elon Musk’s AI company, xAI, said to be in talks to raise $10B

February 14, 2025

Elon Musk’s AI company, xAI, is said to be in talks to raise $10 billion in a round that would value xAI at $75 billion. Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to $22.4 billion,…

Call for Speakers: TechCrunch All Stage 2025

February 14, 2025

Founders, VCs, and startup experts—This is your moment! Got scaling insights? Now’s your chance to share them with 1,200 founders, investors, and entrepreneurs at TechCrunch All Stage 2025 presented by Fidelity, on July 17 in Boston! We’re gathering leading experts from the startup and VC communities to host engaging sessions, interactive roundtables, and dynamic breakouts.…

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…

Plain pulls in $15M to agregate B2B customer services chats into one platform

February 14, 2025

Internal customer support platforms are moving from platforms like email ticketing systems and chat to channels like Slack, Microsoft Teams, and even Discord. But with Slack, for instance, able to host hundreds of channels, the whole thing can become quite unwieldy. Plain, out of the UK, thinks it has the answer. Its API-first platform consolidates…

Phase raises $13M to speed up the UX design process with its no-code platform

February 13, 2025

UX and UI designers work closely with engineers throughout product development to build and implement design concepts and wireframes for functional user interfaces. Regular communication, feedback and testing are required for the collaboration to work smoothly and deliver a user experience that aligns with the intended design goals. Nick Budden, a serial entrepreneur who used…

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…

Startup Battlefield 200: The competition starts on the waitlist

February 13, 2025

Is your pre-Series A startup solving big problems with game-changing potential? Do you have the drive to compete against the world’s top early-stage startups? Or know a founder whose vision deserves to be seen? TechCrunch’s Startup Battlefield 200 is where the most innovative early-stage startups battle it out in front of world-renowned VC judges in…

EnCharge raises $100M+ to accelerate AI using analog chips

February 13, 2025

EnCharge AI, a semiconductor startup developing analog memory chips for AI applications, has raised more than $100 million in a Series B round led by Tiger Global to spur its next stage of growth. The funding is significant partly because interest in AI is at an all-time high, but the high price of building and…

Ulu Ventures sticks to its diversity strategy, raises $208M

February 12, 2025

While large corporations like Google and Meta curbing their DEI programs, Ulu Ventures, which just raised a fourth $208 million fund, doesn’t plan to change its strategy of investing in diverse founders, the firm told the Wall Street Journal. Co-founded by Miriam Riviera, a Latina and former vice president and deputy general counsel at Google,…

Security compliance firm Drata acquires SafeBase for $250M

February 12, 2025

Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has acquired software security review startup SafeBase for $250 million. SafeBase co-founders Al Yang (CEO) and Adar Arnon (CTO) will retain their roles, and SafeBase will continue to offer a standalone product while bringing its core solutions to…

Suger helps companies list and scale up on cloud marketplaces

February 12, 2025

When cloud providers like Microsoft Azure and AWS launched cloud software marketplaces a decade ago, it opened up a new sales channel for software-as-a-service (SaaS) companies to get in front of potential enterprise customers. These marketplaces effectively enabled SaaS companies to bypass the traditional, lengthy sales cycles. But rarely is the seller-side experience a walk…

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…

Chestnut Carbon gets $160M to turn old farms into forests

February 12, 2025

Founders Fund is about to close another $3B fund

February 11, 2025

Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and Axios also reported. The fund, which is intended primarily for additional investments in its successful late-stage portfolio…

Stripe mulls employee shareholder sale at $85B-plus valuation

February 11, 2025

Stripe is in talks for another shareholder sale that could value the company at “at least” $85 billion, according to multiple reports and a source familiar with the matter. The Information first reported the news that the payments infrastructure giant is working to sell employee-owned stocks. The move would help workers gain some liquidity as…

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

February 11, 2025

Google leads $230M convertible note for Boston quantum computing startup QuEra

February 11, 2025

Quantum computing, long relegated to the realm of theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive race for more powerful compute. On the heels of some notable advancements in quantum chips and error correction (two of the key areas that have kept quantum computers from becoming…

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…

Archer Aviation doubles down on defense aircraft with fresh $300M

February 11, 2025

Escalating geopolitical tensions and a new administration with a hawkish defense agenda has led many startups to embrace dual-use strategies to secure revenue through military applications. And it’s a trend that is already heating up in aerospace. Just look at Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very…

Australian health tech startup Harrison.ai scores $112M Series C

February 11, 2025

Medical imaging is crucial for the timely identification of serious diseases like cancer. However, manual interpretation of scans is a time-intensive process. Healthcare professionals increasingly use AI-powered tools for diagnostic purposes, as such technologies can be very effective in detecting and categorizing diseases. A Sydney, Australia-headquartered startup, Harrison.ai, has built AI-enabled medical diagnostic software and…

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…

Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B

February 7, 2025

Laurene Powell Jobs joins Amazon in backing nuclear startup X-Energy in $700M round

February 7, 2025

Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’

February 6, 2025

Superlogic, a startup that helps give consumers a way to apply rewards points toward experiences, has raised $13.7 million at a $200 million valuation, the company tells TechCrunch exclusively. Lin Dai, CEO and co-founder of Miami-based Superlogic, said his company’s technology is designed to “enhance the value of rewards points” by giving consumers a broader…

Pendulum’s AI-driven platform helps enterprises better predict supply and demand

February 6, 2025

Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as consumer demands change at the same rapid pace. Pendulum aims to help companies better plan for supply and demand in…

Presto is building Stripe for EV charging

February 6, 2025

Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

February 6, 2025

The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany called Avelios has ambitions to build a new kind of end-to-end administrative system, leaning into more modern tooling using AI and…

Aiming to accelerate product design with AI, Trace.Space raises a Seed round

February 6, 2025

Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally employed, but — now powered by Generative AI — startups are joining the arena. One such is Trace.Space, coming out of…

XOi raises $230M, acquires Specifx to expand its tech for field service technicians

February 5, 2025

Field service engineers may not be the first group of customers that come to mind when you think about lucrative opportunities in B2B technology. But that same blind spot speaks of the opportunity in the space for those who are stepping up and targeting “the job site.” One of the players in that space, XOi …

Tickets on sale: TechCrunch All Stage 2025, formerly known as Early Stage

February 5, 2025

Founders and investors, it’s time! TechCrunch Early Stage has evolved into TechCrunch All Stage 2025, returning to Boston on July 17. Get your tickets now and save up to $310 on select ticket types, securing your spot at the best rates. Register here for your All Stage ticket at unbeatable prices. All Stage covers all…

Cherry Ventures raises a new $500M fund for early stage and beyond, but will it be enough?

February 5, 2025

It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds…

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

Krafton leads Cashfree’s $53M funding at $700M valuation

February 4, 2025

Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets. Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C…

Miist, founded by a 25-year-old, wants people to vape their way out of smoking addiction and migraines

February 4, 2025

As a university student, Dalton Signor was troubled by how many people around him smoked or vaped, including his grandmother and 14-year-old sister. Signor (pictured center) felt that existing smoking cessation medicines, whether patches, gums, or lozenges, are not very effective because they take too long to start working. “They take about 30 minutes to…

Deel unloads $300M in secondary sale, brings General Catalyst on as an investor

February 4, 2025

Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%. The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General…

Archive raises $30M to solve fashion’s pollution problem with online resales

February 4, 2025

The fashion industry has concerned Emily Gittins since adolescence. The sector is, after all, one of the most polluting in the world. According to some sources, it is responsible for nearly 10% of the earth’s CO2 emissions and more than 20% of all water waste. Yet people still want more, fast. “The way we consume…

Neuralk-AI is developing AI models specifically designed for structured data

February 4, 2025

Tabular data is a broad term that encompasses structured data that generally fits into a specific row and column. It can be a SQL database, a spreadsheet, a .CSV file, etc. While there has been tremendous progress on artificial intelligence applied to unstructured and sequential data, these large language models are fuzzy by design. They…

Riot raises $30 million for its cybersecurity product suite focused on employees

February 3, 2025

French startup Riot has raised a $30 million Series B round after reaching $10 million in annual revenue in 2024. Originally focused on educating employees about cybersecurity risks, the company now wants to go one step further and nudge employees so that they minimize their attack surface. Left Lane Capital is leading today’s round with…

Tana snaps up $25M, with its AI-powered knowledge graph for work racking up a 160k+ waitlist

February 3, 2025

An app that helps people and teams in the working world simplify their to-do lists — ideally by organising and doing some of the work for them — has remained one of the unsolved goals in business technology. Leaning into AI, on top of battle scars from once building Google Wave, a startup called Tana…

Here are all the IPOs reported to be in the works for 2025

February 1, 2025

Guo’s Conviction Partners adds Mike Vernal as GP, raises $230M fund

January 31, 2025

When in mid-2022 Sarah Guo left Greylock to launch her own AI-focused fund, Conviction Partners, she indicated that she was tagging the word “Partners” to the firm’s name because she would eventually bring on other GPs. Now, more than two years later, Guo is being joined by Mike Vernal, who was a partner at Sequoia…

Backed by Mayo Clinic, Nutrix’s hardware monitors worker stress

January 31, 2025

Stress isn’t just bad for you — it’s also bad for your employer. Factoring in absenteeism, diminished productivity, turnover, medical costs, and accidents, the non-profit American Institute of Stress estimates that workplace stress costs U.S. businesses over $300 billion annually. One way to measure stress is by monitoring cortisol levels. Even influencers know this, with…

OpenAI said to be in talks to raise $40B at a $340B valuation

January 30, 2025

OpenAI may have billions of dollars in the bank. But it’s gearing up to raise billions more, according to a report from The Wall Street Journal. Per The WSJ, OpenAI is in talks to secure up to $40 billion in a funding round that would value the startup at $340 billion. SoftBank would lead the…

ElevenLabs, the hot AI audio startup, confirms $180M in Series C funding at a $3.3B valuation

January 30, 2025

ElevenLabs, one of the more popular startups working in the field AI audio, said Thursday that it has raised a Series C round of $180 million, valuing the company at $3.3 billion post-money. a16z and ICONIQ Growth are co-leading investment. Rumors of the fundraise were first reported by TechCrunch. The final numbers confirm some but…

European embedded banking startup Swan adds another $44 million to its Series B

January 30, 2025

French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2024. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that…

Joe Lonsdale’s 8VC seeking $1B for new fund

January 29, 2025

8VC, a venture firm led by Palantir founder Joe Lonsdale, is seeking nearly $1 billion for its sixth fund, according to a regulatory filing. The Austin-based firm’s latest fund aims to raise nearly 14% more than its previous $880 million flagship vehicle, which closed in February 2023. TechCrunch has reached out to the firm for…

This Bay Area startup is using AI to help families navigate long-term care planning

January 29, 2025

Lily Vittayaruksku was studying aerospace engineering when her aunt was diagnosed with terminal colon cancer. Her aunt had lived under the same roof as Vittayaruksku while she was growing up and helped raise her. “We went all in on her care,” she recalled. Post-chemotherapy, Vittayaruksku’s aunt “became very frail,” so her family – originally from…

Clutch grabs $20M to build out its non-human security ID platform

January 29, 2025

When it comes to the world of cybersecurity, identity is often thought of as a “perimeter” around an organization. So many breaches begin through techniques like password theft, phishing, and credential stuffing; ergo, securing the identities of not only users, but also applications and machines, is the key to securing the whole system. Easier said…

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…

This fintech has a fix for the biggest cross-border payments issues in Francophone Africa

January 29, 2025

Until a few years ago, it used to be difficult to make payments across borders almost anywhere in the world. But it’s still a big problem in Africa, where fragmented, disconnected systems, high fees, and poor infrastructure make it tough for businesses and individuals to move money quickly and affordably. The majority of people and…

SoftBank to invest $500M in robotics startup SkildAI

January 28, 2025

SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners,…

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…

Geek Ventures, a fund that specializes in backing immigrant founders, is raising a second fund

January 28, 2025

Geek Ventures is raising a Fund II, according to a recent SEC filing. The firm, founded in 2021 by Ihar Mahaniok, focuses on investing in early-stage immigrant founders. Mahaniok immigrated to the U.S. from Belarus and spoke to TechCrunch a few years ago about how hard the venture ecosystem can be for immigrants. “Talent is…

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