Why Rover’s $2.3B sale price makes good sense
Rover is going private in a $2.3 billion, all-cash sale to Blackstone, the company announced earlier this week. The pet care–focused company raised hundreds of millions of dollars while private, through a Series G, and later went public via a SPAC. Notably, unlike a great many SPAC combinations,
Former SpaceX engineers build ‘vegetarian rocket engine’ to save the climate
For a person whose company is firmly tethered to terra firma, Brad Hartwig spent a long time trying to leave it.
As a high schooler, Hartwig built a pedal-driven helicopter after reading about a human-powered helicopter competition in Popular Science. (It didn't win.) He then went to USC for ae
6 innovative products from kid tech startups to gift your children
When it comes to gifts, it can be hard to pick the right one for your kids, especially since there are so many toys to choose from. If you're looking for something lesser-known and innovative, you may want to consider products and services that have been developed by kid tech startups around th
What startup founders need to know about AI heading into 2024
Now that the OpenAI leadership saga has died down, startup founders building with AI can get back to work building the future. If that's you, technewss+ has expert analysis, guidance on how to make the most of AI tools, and stories that peek into what the future holds for AI and its impact on
Anduril unveils Roadrunner, ‘a fighter jet weapon that lands like a Falcon 9’
Leading defense tech startup Anduril has developed a new product designed to take on the proliferation of low-cost, high-powered aerial threats.
The product is called Roadrunner, a modular, twin-jet-powered autonomous vertical take-off and landing (VTOL) air vehicle that's designed for low cost
Defense startup Epirus CEO leaving to take new job at a public company
Defense startup Epirus is getting new leadership. technewss has exclusively learned staff were informed at an all-hands meeting this morning that CEO Ken Bedingfield was leaving. The news was later confirmed by a company spokesperson, who told technewss that Bedingfield accepted a role at an unna
Yieldstreet to acquire real estate investment platform Cadre
Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors.
Financial terms of the deal were not disclosed.
Founded in 2015, Yieldstreet gives
Clayful, a startup that helps students connect to mental health experts within 60 seconds, raises $7M
Clayful is a platform that enables students aged eight to 18 to connect with a mental health expert within 60 seconds when they need it. The startup said it had raised $7 million in funding from investors, including Google Latino Founders Fund, Reach Capital, Ovo Fund, Common Sense Ventures, Charte
Again Bio’s bacteria eats exhaust and spits vinegar (for the climate)
Again Bio says its modified bacteria currently eats about a ton of CO2 per day.
Spun out by researchers at the Technical University of Denmark, Again Bio sics its hungry microbes on flue gas from a wastewater treatment plant in Copenhagen. The startup is 2.5 years old, and it quietly raised a $10 m
This small French company wants to build the open alternative to Kindle and Kobo
For the past decade, three companies have been building full-fledged e-book ecosystems with devices, apps and digital bookstores all working perfectly together — Amazon, Rakuten and a tiny company called Vivlio.
While Amazon's Kindle is the clear leader and Rakuten's Kobo the obvious chal
Nucleos puts secure, tablet-powered education in the hands of inmates
Incarcerated people in correctional facilities around the country have wildly varying levels of opportunity to prepare for life after release. Nucleos is a startup that hopes to make the kind of e-learning tools we tend to take for granted available to these places with an all-in-one service that
Practical advice for B2B startups raising a Series A
As the fintech market is gradually recovering from the turmoil of 2022, funding is expected to increase. Moreover, projects peg the fintech industry to reach $1.5 trillion by 2030, so the market saturation will only keep growing, leading to heightened competition for investor attention.
In conditio
Salesforce Ventures and Female Founders Fund back Kenyan climate-tech Amini in $4M seed round
Amini, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million in a seed funding round led by Salesforce Ventures and the Female Founders Fund. Climate-tech VC Satgana also participated, alongside other investors, including Pale Blue Dot and Superorga
Zubale bags new capital for software to help retailers scale e-commerce in Latin America
Zubale, a Mexico-based company providing tools to retailers to scale their digital channels, brought in another $25 million in what co-founder and CEO Sebastian Monroy is calling a Series A extension round.
QED Investors led the investment and was joined by an investor group that included NFX and K