EnCharge raises $22.6M to commercialize its AI-accelerating chips
Around a year ago, technewss wrote about a little-known company developing AI-accelerating chips to face off against hardware from titans of industry — e.g. Nvidia, AMD, Microsoft, Meta, AWS and Intel. Its mission at the time sounded a little ambitious — and still does. But to its cred
SoftBank Corp. takes 51% of Cubic Telecom for $513M to drive into the connected car world
Automakers and technology companies are building ever-more sophisticated digital platforms into the future generations of cars and other vehicles. Today, a startup that’s built a system to make it easy to connect that software and hardware to wireless networks has picked up a major round of f
Egypt's Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Egyptian online auto parts marketplace Mtor has raised $2.8 million in pre-seed investment led by Egypt-focused venture capital firm Algebra Ventures. Other investors that participated in the round include Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital and other local and global angel
A Y Combinator-backed startup called Velt wants to make more apps collaborative
Online collaboration has become routine thanks to productivity apps like Google Docs and team design platform Figma, among others, but there are still hosts of internet-connected applications where users cannot interact with colleagues, add notes or otherwise collaborate with one another. That̵
The makers of pro photography app Halide venture into video with Kino, due this February
Lux, the startup and makers of the popular pro photography app Halide and others, is venturing into video. The team today announced its plans to debut a new app, Kino, arriving in roughly two months’ time, that will allow iPhone users to work with video in a more professional capacity.
The ne
ArmorCode raises $40M to consolidate security data in one place
ArmorCode, a cybersecurity platform that gathers vulnerability data from connected apps and software infrastructure, consolidating the data into a single location and standardizing it for analysis, has raised $40 million in a Series B round led by HighlandX with participation from NGP Capital, Ball
Doubtnut, once offered a $150M deal by Byju’s, sells for $10M
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a stunning reversal of fortune for the once fast-growing learning app.
The two firms confirmed the deal on Monday, but declined to share financial term
India’s MoveInSync eyes $50-60M in fresh funding
MoveInSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the deliberations.
The 14-year-old startup is engaging with investors to raise about $50-$60 million, part of
Gravel gets funding from NEA to support Indonesia's booming construction industry
Indonesia's construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment eff
VC Office Hours: Unlocking the farmers' market with Black Farmer Fund
Black farmers seem to have received the rough end of every stick this past century.
In 1910, they represented around 14% of U.S. farmers and owned over 16 million acres of land. Today, one in 100 farmers are Black, owning less than 5 million acres and losing $326 billion in land value. Farmers are
Fintechs go shopping
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Deal Dive: Betting on beauty fads is big business
As a woman in her 20s with an Instagram account, I’ve witnessed the explosive rise and destigmatization of medical spa treatments. From the influencer I ran track with in high school posting promos for lip blushing and fillers, to constantly discussing buying a Groupon for Baby Botox with my
When Uncle Sam puts his thumb on your brake pedal
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Pitch Deck Teardown: Scalestack’s $1M AI sales tech seed deck
AI is everywhere, and predictably, sales teams are among the early adopters. So I wasn’t surprised to see Scalestack raise $1 million to help make sales teams’ lives easier.
So, as we’ve done every week for the past 18 months or so (I can’t believe this is going to be the 7