Category: Startups

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Last year, police surveillance startup Flock Safety hired the mayor of a California city with over 200,000 residents to promote its products. But the mayor, Ulises Cabrera of Moreno Valley, now claims Flock wrongfully terminated him, partly because he refused to use his position as mayor to benefit Flock, according to a lawsuit Cabrera filed…

Former Huami employees launch SATELLAI, a satellite pet tracker, at CES 2025

January 8, 2025

With the smart pet wearable market estimated at $1.72 million in 2024, a new startup in the pet tech space is entering the scene with a dog tracker and collar that can directly link with satellite tracking without needing an LTE signal. At CES 2025, SATELLAI presented its pet tracker and smart collar, which include…

Grove cuts clinical trial enrollment time with AI

January 8, 2025

Tran Le was an engineering student at Stanford University when she tried to enroll in a clinical trial for her chronic condition. Although she identified several promising trials, she found the sign-up process daunting — she had to have extensive email exchanges with clinical sites and complete lengthy 20-page forms. All that paperwork was so…

Former CEO of MoviePass’ parent company pleads guilty to fraud over ‘unlimited’ plan

January 8, 2025

The former chief executive of the parent company of MoviePass, Theodore Farnsworth, pleaded guilty to charges of securities fraud and conspiracy after being accused of misleading investors over the service’s “unlimited plan.” Farnsworth also pleaded guilty to conspiracy to commit securities fraud as the chief executive of Vinco Ventures, a publicly traded company. Helios &…

Healthcare analytics platform H1 has acquired Ribbon, backed by a16Z and General Catalyst

January 8, 2025

H1, a healthcare data analytics platform serving the pharmaceutical industry with data on over 10 million healthcare professionals, has acquired Ribbon, a startup that helps patients find doctors that are supported by their insurance. Financial terms of the deal have not been disclosed. The last time that Ribbon — founded in 2016 and a Y…

Chinese VCs are hounding failed founders to claw back their investments

January 7, 2025

In the US, it’s accepted that most startups fail – and when that happens, VCs (generally) accept their losses and move on. But that’s not the case in China, where VCs are trying to claw back their investments in failed startups by pursuing the personal assets of their founders in court, The Financial Times reports.…

HR software startup OnPay was inspired by the founder’s family payroll business

January 7, 2025

In 2007, Jesse Burgess joined his family’s payroll business. He quickly noticed that the business’ six payroll clerks were getting bogged down by repetitive, monotonous tasks — and so he sought to streamline those tasks by creating workflow automation tools. Several years later, Burgess sensed an opportunity to bring the tools he developed for his…

Google puts $1M into 3D design app Rooms after more than 1 million ‘rooms’ created

January 7, 2025

3D design app Rooms just landed more funding. Launched into beta in 2023, the app from ex-Google employees allows users to build and code interactive 3D rooms and mini-games using a library of more than 10,000 items, which can be further edited using the programming language Lua. Now, Google itself has invested $1 million into…

Employer.com offers to buy failed fintech Level, a week after it makes offer for Bench

January 7, 2025

Employer.com has offered to acquire Level, a fintech startup that just last week abruptly shut down after failing to find a buyer, according to The Information. But Level is still mulling over the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s with legal,” he said. Founded in 2018 by early Square employee Paul Aaron,…

Fermata uses computer vision to detect diseases and pests in plants

January 7, 2025

When Valeria Kogan started her Ph.D. program in bioinformatics, the scientific field that uses computation and software to analyze biological data, in 2017, she imagined her career would always be within the fields of mathematics, medicine, or biology. But after the first AI boom in the late 2010s, she got an intriguing opportunity in a…

Kombu is changing the way we make our ‘booch’ with its modern kombucha brewer

January 7, 2025

Kombucha, a fermented tea that has been around for thousands of years and was once considered a niche health drink, is currently experiencing a surge in popularity as more consumers look for gut-friendly beverages. However, this fizzy drink isn’t exactly cheap, and home brewing can be messy, overly complicated, and time-consuming. Additionally, the supplies needed…

May Mobility reveals electric autonomous minibus at CES 2025

January 7, 2025

May Mobility, an autonomous vehicle technology startup, unveiled at CES 2025 the next vehicle in its portfolio: an electric, autonomous minibus made in partnership with European electric bus manufacturer Tecnobus. Ann Arbor-based May Mobility offers on-demand and fixed-route autonomous shuttles on campuses and in planned communities. Today its fleet consists of 40 Toyota Sienna minivans that…

NXP to buy automotive safety software firm TTTech Auto for $625M

January 7, 2025

Dutch semiconductor giant NXP on Tuesday said it plans to acquire TTTech Auto, an Austrian company specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. TTTech Auto spun out of TTTech Group in 2018, with some $78 million in backing from the likes of AUDI, Samsung and GE Ventures.…

Toyota’s Woven City is open for business and looking for startups

January 6, 2025

Toyota Motor Chairman Akio Toyoda revealed Monday at CES 2025 his vision for a living laboratory chock full of startups and technology. His message: Woven City — a prototype city on a 175-acre site at the foot of Mount Fuji in Japan — is open for business and searching for inventors. “Today, I say to…

Bluesky bump from X exodus is slowing down, data shows

January 6, 2025

Social network and X competitor Bluesky’s massive growth slowed in December in the U.S., after having surged from 9+ million in September to north of 20 million users in November. The slowdown is based on an analysis of web traffic and mobile app daily active users by analytics firm Similarweb, which found that Bluesky grew…

Pawport’s upgraded smart pet door debuts at CES

January 6, 2025

Pawport, a pet tech startup based in Phoenix, is back at CES 2025 to unveil its upgraded Smart Pet Door, which now features an additional exterior door for added security. If you’re tired of bugs or, worse, raccoons and other critters sneaking into your home through traditional pet doors, Pawport may have the solution. The…

Full Nature Farms launches smart irrigation system at CES 2025 to reduce agricultural water waste

January 6, 2025

Agriculture, which consumes about 70% of global freshwater, is grappling with increased water scarcity and inefficient irrigation systems. Traditional methods of irrigation not only lead to wasted water and nutrients, but also contribute to lower crop yields, food insecurity, and unnecessary carbon emissions. Hong-Kong based agriculture technology startup Full Nature Farms thinks there’s a better…

Disney to merge Hulu Live TV with Fubo in groundbreaking deal

January 6, 2025

In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering. …

Timekettle’s new earbuds offer real-time translation on calls

January 5, 2025

Timekettle unveiled its latest earbuds, the W4 Pro, this week at CES 2025 in Las Vegas. The product aims to up the ante on the startup’s focus by bringing real-time two-way translation to phone and video calls. The earbuds will automatically begin translating calls in 40 different languages, without any input from the user. Predictably, there…

Uber CEO Dara Khosrowshahi resigns from self-driving truck startup Aurora’s board

January 3, 2025

Dara Khosrowshahi is resigning from the board of autonomous vehicle technology company Aurora Innovation, citing a desire to focus on his ongoing responsibilities as CEO of Uber and reduce external board commitments, according to a Friday regulatory filing. Khosrowshahi’s resignation was effective as of Tuesday. Aurora says Khosrowshahi’s decision to leave the board was not…

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…

These fintech companies are hiring in 2025 after a turbulent year

January 3, 2025

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…

A comprehensive list of 2024 tech layoffs

January 3, 2025

FTC orders AI accessibility startup accessiBe to pay $1M for misleading advertising

January 3, 2025

The U.S. Federal Trade Commission (FTC) has fined accessiBe, a startup that claims to make websites more compatible with the screen readers blind people rely on to access the internet, for false advertising and compensating reviewers without disclosing that it sponsored the reviews. In a proposed order, the FTC would require accessiBe to pay $1 million…

Hindustan Unilever in talks to acquire Peak XV-backed Minimalist for up to $350M

January 3, 2025

Consumer goods giant Hindustan Unilever is in advanced talks to acquire four-year-old direct-to-consumer startup Minimalist for up to $350 million, according to two people familiar with the matter. An acquisition would add to the Unilever subsidiary’s buying spree in India, where it expanded into the health and wellbeing category by acquiring Oziva and Wellbeing Nutrition…

Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund

January 2, 2025

Apheris rethinks the AI data bottleneck in life science with federated computing

January 2, 2025

AI is fundamentally dependent on data, but the vast majority of health data goes unused for understandable reasons — chiefly patient privacy, regulation and IP protection. “This is the core underlying problem” of building AI solutions for life sciences and related areas like pharmaceutics, said German entrepreneur Robin Röhm. And not only that: collaboration when…

2025 will be the year climate tech learns to love AI

January 2, 2025

A look back on my favorite episodes of TechCrunch’s Found podcast

December 31, 2024

TechCrunch’s Found podcast, which has brought listeners the stories behind the startups since April 2022, released its final episode today. I’ve been one of the hosts of Found since November 2022 and in that time have spoken to more than 75 founders about the startups they are building. These founders hail from many different backgrounds…

After ups and down, food delivery startup Epicery closes shop

December 31, 2024

French food delivery startup Epicery will cease operations Tuesday, after one last holiday season hurrah for its clients and the local food businesses that were using the platform during its nine years in business in exchange for a 25% commission. In a message announcing the decision to customers earlier this month, Epicery’s team said that…

New Year’s cybersecurity resolutions that every startup should keep

December 31, 2024

Gupshup investor cuts value of its stake again, implying new valuation of $486M

December 31, 2024

Asset management firm Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, lowering the value of its holding in the SaaS startup by a total of more than 65% since its investment in mid-2021. One of the funds operated by the U.S. asset manager valued its…

From AI agents to enterprise budgets, 20 VCs share their predictions on enterprise tech in 2025

December 30, 2024

While AI is lauded by some as the biggest technological breakthrough since the industrial revolution, enterprises — arguably the tech’s biggest potential customer base — have been slow to adopt AI. While some investors predicted that 2024 would be the year we’d start to see more AI adoption by enterprises, that didn’t play out as…

Bench to be acquired after abruptly shutting down

December 30, 2024

Bench, the VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down last week, will be acquired by Employer.com for an undisclosed price in a last-minute deal, TechCrunch has exclusively learned. The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench,…

Nvidia completes acquisition of AI infrastructure startup Run:ai

December 30, 2024

Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure. As part of the merger, Run:ai said its software, which currently only works with Nvidia products, will be open sourced, meaning Nvidia rivals like AMD and Intel will be able to adapt it for their hardware. “We…

Backed by a16z and QED, Brazilian startup Carecode puts AI agents to work on healthcare

December 30, 2024

AI holds huge promise for healthcare, but not just on the medical side; many startups are convinced machine learning-based systems can do a lot of good on adjacent tasks such as appointment scheduling and confirmations. Brazilian startup Carecode is among these AI believers. It’s coming out of stealth with an ambition to reduce healthcare costs…

Calo raises $25 million to expand its ready-to-eat meal service beyond the Middle East

December 30, 2024

A business built around increasingly customized ready-to-eat meals has netted Middle Eastern startup Calo a sizeable funding injection as it looks to expand both what it can offer its time-strapped customers and where it delivers its growing range of just-heat-to-eat dishes. The meal delivery market in the Middle East will hit $11.2 billion by 2030,…

Trump asks Supreme Court to pause imminent TikTok ban

December 28, 2024

Attorneys representing President-elect Donald Trump have asked the Supreme Court to pause a law that would force TikTok-owner ByteDance to sell the short-form video app or see it banned from the United States. If the app isn’t sold, the ban is set to take effect in just a few weeks, on January 19. ByteDance is…

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

December 27, 2024

Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium businesses, has abruptly shut down, according to a notice posted on its website. “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and may…

The trends that shaped EVs, robotaxis, and electric flight in 2024

December 27, 2024

If there was one phrase that captured the vibe and theme of 2024 — at least in the transportation sector — it was business whiplash. Legacy automakers changed direction on their all-EVs-or-bust strategy, startups pivoted, and some Silicon Valley VCs and executives adjusted their views to a changing political landscape, in which they now are…

AI sales rep startups are booming. So why are VCs wary?

December 26, 2024

When you really probe venture capitalists about investing in AI startups, they’ll tell you that businesses are experimenting wildly but are very slow to add AI solutions into their ongoing business processes. But there are some exceptions. And one of them appears to be an area known as AI sales development representatives, or AI SDRs.…

The fall of EV startup Fisker: A comprehensive timeline

December 26, 2024

PharmEasy’s $5.6 billion value shrinks to $456 million, investor data shows

December 26, 2024

Indian online pharmacy PharmEasy’s valuation now stands at about $456 million, according to disclosures from its investor Janus Henderson, a 92% drop from its peak valuation of $5.6 billion. The British American global asset firm’s Global Research Fund values its holding of 12.9 million shares in PharmEasy at $766,043, according to its latest filing for…

Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

December 25, 2024

Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia,…

$132K – $149K, here’s what seed-stage founders pay early employees, based on data

December 25, 2024

Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based…

A comprehensive list of 2024 tech layoffs

December 24, 2024

Onyx Motorbikes is back, one year after its owner died leaving the company in shambles

December 24, 2024

A year after Onyx Motorbikes owner James Khatiblou died suddenly, leaving customers with unfulfilled orders and millions in unpaid debts, the brand has been revived by its original founder. “I’m excited to announce I have resurrected my original brand Onyx with incredible backers!” founder Tim Seward wrote in a LinkedIn post on Monday. “Onyx is…

Revenue-based financing startups continue to raise capital in MENA, where the model just works

December 24, 2024

In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The…

Proton’s device aims to help those with kidney disease, and cut heart failure risks

December 24, 2024

People with chronic kidney disease, or those at risk of heart failure, are greatly affected by potassium imbalances in the body. These can even be life-threatening. While wearable glucose monitors are now commonplace and have transformed the lives of diabetes patients, potassium monitoring is in its infancy as it’s hard to do. Now, startups are…

OpenAI’s o3 suggests AI models are scaling in new ways — but so are the costs

December 23, 2024

Last month, AI founders and investors told TechCrunch that we’re now in the “second era of scaling laws,” noting how established methods of improving AI models were showing diminishing returns. One promising new method they suggested could keep gains was “test-time scaling,” which seems to be what’s behind the performance of OpenAI’s o3 model –…

Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

December 23, 2024

xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings,…

Venture capitalists continue to play musical chairs

December 23, 2024

From Keith Rabois to Matt Miller, a lot of VCs have switched firms or spun out of storied VC institutions this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level. VC funds have…

AI startups attracted 25% of Europe’s VC funding

December 23, 2024

Venture funding into Europe is heading for a flat year, but this may obfuscate the fact that European AI startups are thriving. According to VC firm Balderton Capital and Dealroom, 25% of VC funding into the region — approximately $13.7 billion — went to AI startups this year, compared to 15% four years ago, resulting…

Coralogix acquires AI observability platform Aporia

December 23, 2024

Coralogix, the well-funded observability platform, on Monday announced that it has acquired Aporia, a startup that focuses on giving businesses tools to observe and secure their AI workloads, as well as set guardrails for them to avoid hallucinations or unintended disclosures. As part of this acquisition, Coralogix will launch a dedicated AI research center, Coralogix…

Electric aircraft startup Lilium ceases operations, 1,000 workers laid off

December 23, 2024

The biggest flops and fizzles in 2024 transportation, from Apple Car to Fisker

December 22, 2024

Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world. The two technologies promised billions of dollars in revenue — and a new pathway for automakers to make money beyond building and selling cars. Those VC-money-printing days have been over for AVs for a while now, with a few…

OpenAI’s GPT-5 reportedly falling short of expectations

December 21, 2024

OpenAI’s efforts to develop its next major model, GPT-5, are running behind schedule, with results that don’t yet justify the enormous costs, according to a new report in The Wall Street Journal. This echoes an earlier report in The Information suggesting that OpenAI is looking to new strategies as GPT-5 might not represent as big…

Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem

December 21, 2024

On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to support experimental projects built on the burgeoning Bluesky/AT Protocol ecosystem. Four weeks later, Skyseed emerged with an initial commitment of $1 million. This turnaround, a speed underscored by the fact that the fund doesn’t even have a website…

After causing outrage on the first day of Y Combinator, AI code editor PearAI lands $1M seed

December 20, 2024

The year is coming to a close, but startup news keeps rolling in

December 20, 2024

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. This week was full of news, likely because it is also the last “real” week of 2024. Which is another way for us to say goodbye for…

Nvidia clears regulatory hurdle to acquire Run:ai

December 20, 2024

Chip company Nvidia gets the green light from the European Union to complete its acquisition of Run:ai. The EU came to a unanimous decision today that Nvidia could go ahead with its acquisition of Israeli GPU orchestration platform Run:ai, according to reporting from Bloomberg. The European Commission determined that if the merger went through other…

Here’s the full list of 49 US AI startups that have raised $100M or more in 2024

December 20, 2024

British university spinoff Mindgard protects companies from AI threats

December 20, 2024

AI creates a dilemma for companies: Don’t implement it yet, and you might miss out on productivity gains and other potential benefits; but do it wrong, and you might expose your business and clients to unmitigated risks. This is where a new wave of “security for AI” startups come in, with the premise that these…

Perplexity has reportedly closed a $500M funding round

December 19, 2024

AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as…

A bad experience with an accounting firm spurred this founder to start Aiwyn

December 19, 2024

Accounting firms are struggling to adopt high-tech solutions. That’s according to a survey earlier this year from Rightsworks, which found that, while 88% of firms believe tech has had a positive impact on their efficiency, 60% are suffering from disconnected systems, inconsistent processes, and a lack of standardized workflows. Startups like Aiwyn are trying to…

Ex-Twitch CEO Emmett Shear is founding an AI startup backed by a16z

December 19, 2024

Emmett Shear, the former CEO of Twitch, is launching a new AI startup, TechCrunch has learned. The startup, called Stem AI, is currently in stealth. But public documents show it was incorporated in June 2023, and filed for a trademark in August 2023. Shear is listed as CEO on an incorporation document filed with the…

In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say

December 19, 2024

Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series…

Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs

December 19, 2024

$25 billion valuation Chime takes another step towards an IPO

December 19, 2024

Decart adds another $32M at a $500M+ valuation

December 19, 2024

A young startup that emerged from stealth less than two months ago with big-name backers and bigger ambitions to make a splash in the world of AI is returning to the spotlight. Decart is building what its CEO and co-founder Dean Leitersdorf describes as “a fully vertically integrated AI research lab,” alongside enterprise and consumer…

With Neverless, former Revolut execs want to make meme coins easy to buy

December 19, 2024

There’s an ocean of meme coins beyond Dogecoin, and a new startup called Neverless wants to make it easier to get started with trading crypto, with a particular focus on providing access to small-cap tokens. This is an interesting new crypto startup, founded by three former executives at Revolut, the London-based fintech juggernaut. Phuc To…

Indian startups raised 32% fewer rounds in 2024 as VCs got selective

December 19, 2024

Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. The number of startup funding rounds fell to 1,448 compared to 2,114 last year, but overall funding rose 6% to $11.3 billion — the…

Sustainable Ocean Alliance marks 10 years with ocean-friendly startup label and a new batch of ‘ecopreneurs’

December 18, 2024

Over the last decade, the Sustainable Ocean Alliance has graduated from dorm room activism to a thousands-strong global network of experts, investors, and “ecopreneurs” — all of whom believe the best way to save the ailing oceans is to embrace innovation. Founder Daniela Fernandez has steered the ship the whole time, and the SOA is…

Hauler Hero wants to bring waste management software into the 21st century

December 18, 2024

After nearly four years of working in sales at tradesperson software company ServiceTitan, Mark Hoadley (pictured above) was looking for a change and to potentially start something of his own in a similar industry. Hoadley’s brother-in-law, and now co-founder, Ben Sikma, was working on M&A in the waste management space at the time. Sikma discovered…

Sam Altman-backed nuclear startup Oklo lands massive data center power deal, with caveats

December 18, 2024

Among the hurdles, Oklo still hasn’t received approval from the Nuclear Regulatory Commission after having its previous application denied. © 2024 TechCrunch. All rights reserved. For personal use only.

Access bets people will pay thousands of dollars a year for guaranteed restaurant reservations

December 18, 2024

Once, not long ago, booking a table at a hot new restaurant didn’t entail a midnight dash to Resy. Truly, we didn’t know how good we had it then. Hours-long lines out the door are now the norm, not the exception, in major cities from New York to Los Angeles. One reason is that restaurants…

AI is burying company web sites in search results, but Otterly.AI thinks it can help

December 18, 2024

Many sites saw their organic traffic decline in 2024, in big part due to the rise of AI-generated search results. Many queries no longer lead to click-throughs, and even when users click, it is hard for companies to get more context on searches made within apps like ChatGPT or Perplexity. The answer to this problem…

The DOJ wants a Perplexity executive to testify in its Google antitrust case

December 17, 2024

AI boom masks fundraising struggles for non-AI startups

December 17, 2024

Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting. Yet, the companies still struggling to raise their next round of financing at a higher valuation or survive altogether could still be in the thousands, according to Brian…

Commonwealth Fusion Systems just picked its first commercial site partly because of its proximity to Washington, D.C.

December 17, 2024

Grammarly acquires productivity startup Coda, brings on new CEO

December 17, 2024

Grammarly is acquiring productivity startup Coda, the company announced on Tuesday. As part of the deal, Coda’s CEO and co-founder Shishir Mehrotra will become the new CEO of Grammarly. The financial terms of the deal were not disclosed. The acquisition will help turn Grammarly’s AI assistant into an “AI productivity platform” thanks to the addition…

Slip Robotics snags $28M for its bots that can load a truck in five minutes

December 17, 2024

Drop by any given loading dock and a buzz of forklifts — loaded up with goods — can be spotted maneuvering in and out of truck trailers. This logistical dance can take up to an hour to fill a trailer, leaving truck drivers in idle limbo. The founders of Atlanta-based Slip Robotics say they’ve developed…

Shein must cede Indians’ data, control of local ops to re-enter India

December 17, 2024

Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according to new government disclosures that reveal how the apparel and accessories retailer secured a rare exception to India’s ban on Chinese-linked apps. In a parliamentary…

Popular LatAm digital payment service AstroPay launches multi-currency wallet

December 17, 2024

AstroPay has been around since 2009. The bootstrapped company currently has 320 employees and is profitable. And yet, it’s not a name that comes up often in startup news. The company originally started its life as a payment service provider focused on Latin America — an alternative payment method that you would find next to the…

Focused Energy buys two of the world’s most powerful lasers for its fusion quest

December 17, 2024

Nuon helps companies deploy their software into their customers’ cloud accounts

December 17, 2024

Jon Morehouse launched PowerTools in 2019 to help companies ship static sites and serverless apps to their cloud accounts on providers like AWS and Azure. When a customer asked him if they could use PowerTools to deploy their software into one of their customer’s cloud accounts, Morehouse was skeptical. Morehouse told TechCrunch that after that…

Alphabet-backed Indian lender files for IPO

December 17, 2024

Alphabet’s CapitalG-backed Aye Finance, a lender focused on India’s micro, small, and medium enterprises, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors, with proceeds aimed at expanding the…

Hexa, the startup studio behind Aircall and Swan, unveils its next batch of startups

December 17, 2024

Hexa, a Paris-based startup studio that has launched dozens of B2B software companies, is sharing a list of its next batch of projects that are soon going to become independent startups. Hexa originally started its life in 2011 as eFounders, a startup studio focused on B2B software-as-a-service products. Hexa usually comes up with the ideas…

iRobot co-founder’s new home robot startup hopes to raise $30M

December 16, 2024

Colin Angle, one of the co-founders of Roomba maker iRobot, is raising cash for a home robotics venture. A filing with the U.S. Securities and Exchange Commission reveals that Angle’s new company, Familiar Machines & Magic, is trying to raise $30 million. So far, it has raised $15 million from a group of eight investors.…

TuSimple drama heats up ahead of pivotal shareholder meeting

December 16, 2024

TuSimple co-founder and former CEO Xiaodi Hou is on a war path in the lead up to Friday’s annual shareholder meeting that will decide the makeup of the company’s board of directors. Over the past several weeks, Hou has sued TuSimple for control of his voting rights, demanded the company immediately liquidate and return all…

Skims co-founder Jens Grede addresses those IPO rumors

December 16, 2024

Skims co-founder Jens Grede has confirmed that plans for an IPO are on the back burner—for now at least, according to a new interview with WWD. TechCrunch reported in August that investors were hoping for the retail darling, last valued at $4 billion, to go public, and the Information reported that the earliest it could…

Prequel is building a community-driven approach to finding software bugs

December 16, 2024

Cybersecurity practitioners take a community-driven approach to solving problems. Security researchers share the vulnerabilities they find with the broader cybersecurity community, which allows companies to patch up their security holes before something catastrophic happens. Prequel is looking to bring that same approach to software. The startup is building a database of software failure patterns or…

This stealthy African stablecoin startup already processed over $1B in cross-border payments

December 16, 2024

Juicyway, an African fintech that leverages stablecoin technology to power fast and cheap cross-border payments, is launching out of stealth after processing over $1 billion in transaction volume for thousands of African businesses over the last three years. The fintech claims to have processed over 25,000 transactions, generating $1.3 billion in total payment volume (TPV)…

Revisiting 19th-century Paris with VR

December 15, 2024

While I have fond memories of past efforts to combine VR content with real-world locations, I’d assumed the pandemic had put those ambitions to an end. If I wanted VR in 2024, I thought I’d have to buy a headset, and it would be a largely solitary experience at home or in the office —…

The 2025 Lucid Air Pure is a luxe ride at $69,900 with room for tech tune-ups

December 15, 2024

The all-electric 2025 Lucid Air Pure is a dreamy, sexy car that’s no less luxurious for being the cheapest trim in Lucid’s Air lineup. I felt fancy and discerning driving around, but in an understated way – as if I were wearing designer sweatpants. But does fancy equal value? I spent about 10 days driving…

Meta asks California AG to block OpenAI’s conversion to for-profit

December 14, 2024

Facebook’s parent company Meta is supporting Elon Musk’s effort to block OpenAI’s conversion from a non-profit company into a for-profit one. As reported by The Wall Street Journal, Meta sent a letter to California Attorney General Rob Bonta arguing that allowing the shift would have “seismic implications for Silicon Valley.” And while the company asked…

Kalshi CEO admits enlisting influencers to dis Polymarket in a now-deleted podcast segment

December 13, 2024

Kalshi’s CEO, Tarek Mansour, confirmed on a podcast interview that his employees did ask social media influencers to promote memes about the FBI’s raid on the home of his arch rival, the CEO of Polymarket. Both of these companies offer competing events-betting markets, a new kind of betting industry where people wager about the outcomes…

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