Startups

French startup Escape has raised a $3.9 million (€3.6 million) funding round shortly after ending Y Combinator's winter 2023 cohort. The company provides a cybersecurity product focused on securing APIs before they are rolled out publicly. French VC firm Iris is leading the round with Frst al

"">Remotely monitoring customers without violating their privacy is a challenging task. But one co-founder believes that she's cracked the code. On a recent episode of technewss Live, TC’s weekly event designed to help founders build better venture-backed businesses, Romi Gubes, the CEO o

The payments industry is on the cusp of a revolution. Thanks to the Federal Reserve’s new instant payments initiative FedNow, transactions will soon be faster, more secure and more cost-effective than ever before. This initiative promises to benefit consumers, small businesses and banks of al

When I wrote this post in August 2021, we were at the peak of exuberance in VC investing and startup valuations. I bemoaned the decline in early-stage investing and feared that innovation would suffer as a result of it. The VC industry is turning back to its roots of investing at the early stage, a

Thinking of Japan often evokes notions of bleeding-edge tech mixed with deep tradition and culture. The country's startups, however, haven't seen the sort of growth that upstart tech companies in other parts of the world have. There are signs that those tides are turning, though, with start

Hey, folks, welcome to Week in Review (WiR), technewss’s regular newsletter that recaps the week in tech. Hope the summer’s treating y’all well — it’s a balmy 90 degrees here in NYC! — and that some much-needed R&R is on the agenda. Speaking of “agenda

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I explore how one VC is feeling about a big chunk of her portfolio pivot into AI.

The world we used to live in — the one that revolved around using cheap money to pump up ARR — is gone. It came to a screeching halt with rising interest rates, and it's not on its way back anytime soon. VCs responded as VCs do: by quickly shifting from a “growth-at-all-costs” mindset t

Dumme, a startup putting AI to practical use in video editing, is already generating demand before opening up to the public. The Y Combinator-backed company has hundreds of video creators testing its product, which leverages AI to create short-form videos from YouTube content, and a waitlist of ove

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Proptech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors. Eight-year-old NestAway raised $115 million over the years and was valued at $2

Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment. Fidelity Blue Chip Growth Fund’s stake in Reddit was valued at $16.6 million as of April 28, a

Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from Stripe Issuing, its commercial card issuing product, Denise Ho, head of product for BaaS at Stripe, told technewss exclusively.

When it comes time to fret about minerals critical to the energy transition, lithium, cobalt and nickel may get all the attention, but another metal is keeping plenty of analysts up at night. Though those other minerals are key ingredients for batteries, copper is used across every sector that will