Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and […]
Wunder Mobility built its business selling software to shared scooter, e-bike and even short-term car rental startups. Now, it’s banking on a new — and once secret — lending division to bring in more revenue that’ll giving micromobility operators another option to access capital without having pitch venture capitalists and other investors. The company announced […]
Tesla’s relationship with bitcoin is not a dalliance, according to the comments made by the company’s CFO and dubbed “master of coin” Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity of bitcoin, despite its volatility. Tesla invested $1.5 billion in bitcoin this quarter and then trimmed its position by 10%, […]
Tesla CEO Elon Musk wants to turn every home into a distributed power plant that would generate, store and even deliver energy back into the electricity grid, all using the company’s products. While the company has been selling solar and energy storage products for years, a new company policy to only sell solar coupled with […]
Apple’s latest software upgrade brings a big change, Roku accuses Google of anti-competitive behavior and Brex raises a big funding round. This is your Daily Crunch for April 26, 2021. The big story: iOS 14.5 brings privacy changes and more Apple released the latest version of its mobile operating system today, which includes the much-discussed […]
After a years-long crypto winter, it been the spring of NFTs, but as digital art prices sober up after an explosion in sales, blockchain founders are looking to find more stable opportunities in the space that can grow over time even as speculative interest in NFTs shifts. One particular interest has been using NFTs to […]
What is the biggest opportunity for proptech founders? How should they think about competition, strategic investment versus top-tier VC firms, and how to build a board? What about navigating regulation?
Another week, another big tech hearing in Congress. With a flurry of antitrust reform bills on the way, Democratic lawmakers are again bringing in some of the world’s most powerful tech companies for questioning. In the next hearing, scheduled for Tuesday, April 27 at 10 AM ET, the Senate Judiciary’s subcommittee on privacy and technology […]
Today after the bell, American electric car company Tesla reported its Q1 2021 financial performance. The company lost modest ground on the stock market after its news broke. For the broader electric vehicle and battery startup market that has pursued many SPAC-led combinations in recent months, the generally positive Tesla trailing results could prove a […]
Due diligence isn’t a one-way street, and founders must do their homework to make sure they’re not jumping into deals with VCs who are only paying lip service to their value-add.
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet […]
Dating startup S’More has launched a new feature called S’More TV, which CEO Adam Cohen-Aslatei said could give users new ways to talk to each other. It also bringing the startup closer to his goal of becoming not just a dating app, but “a lifestyle brand.” The videos on S’More TV may be familiar to […]
Save $100 and learn how to build a stronger startup — that’s what we’re talking about! The crème de la crème of the startup ecosystem will gather on July 8-9 to share their expertise and impart their hard-won wisdom at TC Early Stage 2021: Marketing and Fundraising. Here’s where the saving money bit comes in. […]
Brex, a fintech company that provides corporate cards and spend-management software to businesses, announced earlier today that it closed a $425 million Series D round of capital at a valuation of around $7.4 billion. The new capital came less than a year after Brex raised $150 million at a $2.9 billion pre-money valuation. So, how […]
Last year, autonomous driving startup Zoox was acquired by Amazon in a deal worth $1.3 billion. Since then, Zoox has continued to pursue its existing strategy of developing and deploying autonomous passenger vehicles, revealing the design of its long-anticipated robotaxi late in December. From concept to reveal, Zoox spent six years developing its built-for-purpose passenger […]
Nearly four years ago, we wrote about a battle between Cloudflare, the San Francisco-based internet security and performance company, and Blackbird Technologies, a firm that quickly amassed dozens of patents, then began using them to file dozens of patent infringement lawsuits against companies, including Cloudflare. The suit was typical in every way, except how Cloudflare responded to […]
After everything was wrapped up at a very weird Oscars ceremony, original films released by Netflix had won seven statuettes. The streaming service’s awards include two for “Mank” (production design and cinematography), two for “Ma Rainey’s Black Bottom” (hair/makeup and costume), documentary feature (“My Octopus Teacher”), animated short (“If Anything Happens I Love You”) and […]
Luminar Technologies is expanding its lidar business beyond automotive and into aviation through a partnership with Airbus. The collaboration with the French aerospace giant, which was announced Monday morning, marks the latest in a string of partnership announcements between Luminar and companies like Daimler, Volvo and Mobileye. Until now, these have exclusively focused on applying […]
Sign language is used by millions of people around the world, but unlike Spanish, Mandarin or even Latin, there’s no automatic translation available for those who can’t use it. SLAIT claims the first such tool available for general use, which can translate around 200 words and simple sentences to start — using nothing but an […]
Disasters are, unfortunately, a growth business, and the frontlines that were once distant have moved much closer to home. Wildfires, hurricanes, floods, tornadoes — let alone a pandemic — has forced much of the United States and increasingly large swaths of the world to confront a new reality: few places are existentially secure. How we […]
