TechCrunch Startup News

Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tesla shipped a record number of electric vehicles in the fourth quarter to help it edge out its targets for the year. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rivian reported Tuesday it produced 17,541 vehicles at its Normal, Illinois factory and delivered 13,972 to customers in the fourth quarter, mixed results that left investors wary and sent shares down in pre-market trading. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. This total amount reflects $200 million in equity closed in November, $100 million in new equity raised at the Series F price, and $200 […] © 2023 TechCrunch. All rights reserved. For personal use only. L...

AI is all the rage — particularly text-generating AI, also known as large language models (think models along the lines of ChatGPT). In one recent survey of ~1,000 enterprise organizations, 67.2% say that they see adopting large language models (LLMs) as a top priority by early 2024. But barriers stand in the way. © 2023 TechCrunch. All rights reserved. For personal use only. Learn more about your...

E-commerce startup FirstCry is seeking to raise $218 million through issue of fresh shares in its initial public offering, the 13-year-old startup said in a draft prospectus filed with the market regulator Thursday, becoming the latest Indian startup to explore the public markets. FirstCry earlier sought to raise as much as $700 million in its […] © 2023 TechCrunch. All rights reserved. For person...

Amid rising geopolitical tensions, many Chinese tech companies find themselves recalibrating their overseas pursuits, often sidestepping any reference to their origin. One bold startup called DP Technology stands out from the crowd. Working to apply artificial intelligence to molecular simulations, DP, short for “Deep Potential,” believes that the unifying power of “scientific research for humanit...

Homes aren’t getting cheaper — or necessarily easier to secure. This year, the median household income for home buyers jumped to $107,000 from $88,000 last year, according to the National Association of Realtors. The volume of homes for sale in the U.S. reached record a low, meanwhile — and shows no sign of recovery. Now, […] © 2023 TechCrunch. All rights reserved. For personal use only. Learn mor...

Code.org, the US educational non-profit, has filed a lawsuit in a California district court alleging that Byju’s subsidiary WhiteHat Jr breached a licensing contract by failing to pay fees while continuing to use Code.org’s platform. WhiteHat Jr, which sold to Byju’s for $300 million in 2020, partnered with Code.org last year and agreed to pay […] © 2023 TechCrunch. All rights reserved. For person...

"ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources […] © 2023 TechCrunch. All rights reserved. For personal use o...

"A few years ago, Karine Mellata and Michael Lin met while working at Apple’s fraud engineering and algorithmic risk team. Both engineers, Mellata and Lin were involved with helping to address online abuse problems including spam, botting, account security and developer fraud for Apple’s growing customer base. Despite their efforts to develop new models to […] © 2023 TechCrunch. All rights reserve...

Vestwell, which provides the infrastructure for employers to power workplace savings programs, has raised $125 million in what the company describes as a “preempted” round of funding. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Medallion is a platform for artists to have a dedicated digital hub for promoting album releases, tour dates and merch drops, as well as selling digital collectibles and sharing exclusive content to foster deeper connections with fans. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Claim, a platform that is both a rewards app and a social network, has raised $4 million in a seed funding round led by Sequoia Capital. Learn more about your ad choices. Visit podcastchoices.com/adchoices

SimSpace, a startup that creates digital replicas of organizations’ tech and networking stacks for cybersecurity training, has raised $45 million in a funding round led by L2 Point Management. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Salesforce has announced plans to acquire Spiff, a platform that automates commission management for sales teams. Learn more about your ad choices. Visit podcastchoices.com/adchoices

IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What do iconic Valley investors Zachary Bogue and Chris Sacca have in common? Learn more about your ad choices. Visit podcastchoices.com/adchoices

The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, Learn more about your ad choices. Visit podcastchoices.com/adchoices

Australia-based link-in-bio platform Linktree announced today that it has acquired competitor Koji from its parent company GoMeta for an undisclosed amount. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Companies are increasingly curious about AI and the ways in which it can be used to (potentially) boost productivity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Just a couple of weeks after announcing $22 million in fundraising, Paris-based startup studio Hexa is expanding beyond its studio model to partner with later stage companies that have already found product-market fit. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. Ahh, Zurich. Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when Indian startups are struggling to raise capital. Learn more about your ad choices. Visit podcastchoices.com/adchoices