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

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We’re back and making up for lost time after taking off for Thanksgiving. Here we go! Web

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

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. Hello, you scrumptious specimen of a human being. Have you looked yourself in the mirror and given yourself a high five today? No? Well, here's your chance! I've had a productive couple of weeks o

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