Last week, Elon Musk made $25 billion in one day. On Monday, he crowned himself “Technoking of Tesla.” In Musk-speak, this new title still translates into the Chief Executive Officer of the electric car company. The eccentric billionaire is nothing if not creative with his dubs (see: Offspring named X Æ A-Xii.) Zach Kirkhorn, the […]
Low-code and no-code tools have been a huge hit with enterprises keen to give their operations more of a tech boost, but often lack the resources to handle more complex integrations. Today, one of the startups that has been building low-code finance tools is announcing funding to tap into that trend and expand its business. […]
Volkswagen AG is gearing up to seize the top spot as the world’s largest electric vehicle manufacturer with plans announced Monday to have six 40 Gigawatt hour (GWh) battery cell production plants in operation in Europe by 2030. To get there, the automaker put in a 10-year, $14 billion order with Swedish battery manufacturer Northvolt […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
Bangalore’s fintech startup ecosystem is inching closer to delivering a new unicorn: CRED. Two-year-old CRED is in advanced stages of talks to raise about $200 million at about $2 billion valuation, three sources familiar with the matter told TechCrunch. The new funding round, like this January’s Series C, will be largely financed by existing investors, […]
Anthony Geranio has played video games for the past thirteen years. The 26 year-old first time founder of 1v1Me, a new company that lets anyone gamble on their ability to win in a player vs. player game, tried to make it as a professional gamer, but when that didn’t work, he turned to the tech […]
Zeller, a payment and financial services startup founded by former Square executives, quietly raised a $25 million AUD (about $19.4 million USD) Series A last year, it announced today. The funding was led by Addition, the investment firm founded by former Tiger Global partner Lee Fixel, and included participation from returning investors Square Peg and […]
Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge […]
A new nanocoating from Curran Biotech could dramatically improve air filtration to prevent the spread of COVID-19 indoors. Their Capture Coating technology acts as a supplement to any household or commercial HVAC system by bonding to the filter fibers, giving them greater hydrophobic properties. This combined effect prevents virus-carrying droplets from traveling through the filter […]
DeepSee.ai, a startup that helps enterprises use AI to automate line-of-business problems, today announced that it has raised a $22.6 million Series A funding round led by led by ForgePoint Capital. Previous investors AllegisCyber Capital and Signal Peak Ventures also participated in this round, which brings the Salt Lake City-based company’s total funding to date […]
ElevateBio, one of the leading biotech companies focused on gene-based therapies has raised a massive $525 million Series C round of financing, more than doubling the company’s $193 million Series B funding which closed last year. This new funding comes from existing investor Matrix Capital Management, and also adds new investors SoftBank and Fidelity Management […]
For years, there was a debate as to whether WeWork was a tech company or more of a real estate play. At first, most people viewed WeWork as a real estate startup disguised as a tech startup. And as it kept scooping up more and more property, the lines continued to blur. Then we all […]
Facebook will soon label all posts discussing the coronavirus vaccination with a pointer to official information about COVID-19, it said today. It also revealed it has implemented some new “temporary” measures aimed at limiting the spread of vaccine misinformation/combating vaccine hesitancy — saying it’s reducing the distribution of content from users that have violated its […]
On the heels of reports that Stripe was raising yet more money, the payments giant has now confirmed the details. The company has closed in on another $600 million, at a valuation of $95 billion. Stripe said it will use the funding to expand its business in Europe, with a focus on its European HQ, […]
Hello friends, and welcome to Week in Review. Last week, I talked a bit about NFTs and their impact on artists. If you’re inundated with NFT talk just take one quick look at this story I wrote this week about the $69 million sale of Beeple’s photo collage. This hype cycle is probably all the […]
SpaceX has delivered another 60 Starlink satellites to orbit — meaning it has sent 180 in total to join its 1,000+ strong constellation in the past two weeks alone. Today’s launch also set a record for SpaceX for its Falcon 9 rocket reusability program, since it was the ninth flight and ninth landing for this […]
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Every quarter we dig into the venture […]
Spending millions for a digital work of art that could be screenshotted feels similar to traipsing around a strip of concrete as a tourist activity. The optics don’t make immediate sense — there’s hardly any appeal in something as accessible as a Google image or street. That’s my best bet at explaining at least some […]
Despite government programs, local entrepreneurs stress that the region’s modest success is primarily driven by the private sector. Each province tends to have a godfather/cheerleader who has championed local startups through investment, advice and connections.
