Pinecone drops $100M investment on $750M valuation, as vector database demand grows

When Pinecone launched a vector database aimed at data scientists in 2021, it was probably ahead of its time. But as the use cases began to take shape last year, the company began pushing AI-driven semantic search. With the rise of LLMs in the public consciousness, companies are beginning to see th

Chunk Foods close to opening factory to produce 'millions' of plant-based steaks

The global plant-based foods industry accounted for $8 billion in sales and received $1.2 billion in investment in 2022, according to new figures from the Good Food Institute. Those with recent funding include No Meat Factory, Planetarians, ISH Company and Chunk Foods, which is developing a plant-b

There's a Disrupt pass for every role and budget

More than 10,000 people from across the country and around the world will converge on San Francisco for technewss Disrupt 2023 on September 19–21. A startup crowd that size has a wide range of roles, interests and budgets, and we’re proud to offer six different pass types — plus a group

Event platform POSH wants to democratize event planning

POSH is an event management and ticketing platform for all users to host events large or small, regardless of if you're an event organizer, promoter or if you just want to charge your friends a cover for drinking all the expensive alcohol at your birthday party. POSH announced its public launch

Easyship strikes agreement to support eBay's new International Shipping program

Easyship, the New York- and Singapore-based startup that enables e-commerce sellers to integrate with more than 250 courier services, announced today it has expanded its partnership with eBay to support eBay International Shipping, a newly launched program. This means that buyers can now access mor

Capital efficiency is the new VC filter for startups

The VC landscape has undergone a tectonic shift in the past year. A year ago, 90% of VC meetings with startups would have been about growth with little regard for how that growth would be achieved. It didn’t matter whether you were burning money left and right: As long as you had chubby growt

Energy Dome gets $44M uplift into its CO2 battery for renewable energy storage

Italian climate startup Energy Dome, which has developed a “CO2 Battery” for storing renewable energy, has closed a €40 million (~$44 million) Series B round — bringing the total raised for its novel energy storage solution to €54 million (or just shy of $60 million). The roun

Bastion is an all-in-one cybersecurity solution for small businesses

Meet Bastion, a French startup that was created in October 2022 to help small companies tackle cybersecurity risks without too many complexities. Created by former Palantir employees, the company has already raised $2.8 million. What makes Bastion different from other cybersecurity startups is that

Daily Crunch: Lookout sells consumer security segment for $223M to become ‘pure-play enterprise company’ 

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hi, folks! It’s Wednesday, and we’re running around like crazy, so let’s get to it! Wooooo! — Christine and Haje The TechCrunc

Revolut's valuation troubles signal a stormy horizon for less-profitable neobanks

While the banking world watches American lender First Republic publicly convulse after its earnings report detailed a widespread evaporation of its deposit base, the startup world of neobanks is taking blows as well. Earlier this week, Revolut, a highly valued, U.K.-based neobank saw its valuation

Ask Sophie: My STEM OPT expires in 30 days, what are my options?

Here’s another edition of “Ask Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says S

Founded by Adyen and Affirm alums, Ansa aims to help merchants create virtual wallets for customers

Having the ability to load up a digital wallet to pay for goods and services at businesses you frequent, and then earn rewards for those purchases, would be convenient and well, rewarding. But as of now, few merchants outside of retail giants such as Starbucks offer that ability. An

Greycroft closes on over $1 billion across new funds

Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds. The firm's two flagship vehicles, Greycroft Partners VII and Greycroft Growth IV, closed on more than $980 million, according to

Don’t go it alone: Incubators and accelerators help build lifelong relationships

Launching a company is hard work. Even experienced founders don't know what they don't know, and having some structure and a group of like-minded people can help you refine your idea and get the product off the ground. One way to build that camaraderie is through incubators and accelerator