Startups

Salt Labs, a rewards platform for hourly workers, today emerged from stealth with $10 million in pre-seed funding led by Fin Capital with participation from Anthem Venture Partners and others. Co-founder and CEO Jason Lee tells technewss that the money is being used to build out Salt Labs’ i

When Silicon Valley Bank collapsed earlier this month, venture had already been navigating choppy waters for over a year as it confronted overinflated company valuations and a seemingly nonexistent exit market. But while SVB’s failure may have a long-lasting impact on the banking and venture

Gutter Capital, a New York venture capital firm, closed on $25 million in capital commitments for its first fund to invest in pre-seed and seed stage companies focused on affordability, economic mobility and climate change. Founding partners Dan Teran and James Gettinger met while students at Johns

Autio, a location-based audio entertainment app co-founded by actor Kevin Costner and formerly known as HearHere, has raised $5.9 million in a second seed round with new terms. The funding round was led by iHeartMedia. Autio uses GPS to narrate stories of landmarks, cities and towns nearby with the

Deep Render, a startup developing AI-powered tech to compress videos on the web, today announced that it raised $9 million in a Series A funding round led by IP Group and Pentech Ventures. A source familiar with the matter tells technewss that the round values the startup at $30 million, a respect

Workers are being bombarded with data from a variety of sources. If the point is to make people more productive, as the volume increases, the more difficult it is to find the information you need to do your job. AI thrives in large data environments and can help cut through the noise, move across a

Payments remains one of the most fragmented of online services, a situation that is only compounded when your business trades internationally. A UK startup called Paytrix says it has raised $18.3 million to build a solution to fix this: a single platform — and single contract — that lets its cu

Payday, a neobank issuing global (USD, EUR and GBP) accounts to Africans, has raised $3 million to fuel its “future of work” initiative through borderless payment alternatives in major currencies. The seed round was led by Moniepoint Inc (formerly TeamApt Inc), the U.S. entity that houses Monie

A consortium led by Lifelong Group has acquired distressed firm GoMechanic, months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. The New Delhi-headquartered Lifelong Group, which serves several major players in the automotive industry including Hero and

Building credit is hard when it's difficult to even get credit. And while it's not impossible to get loans or credit cards, they are usually offered at high interest rates to the people who can least afford to pay them. One Austin-based startup is out to help people build &#

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. Happy Tuesday Crunch! To meet the changing startup landscape, we're refreshing and reimagining technewss Disrupt 2023 in a big way, with more

Saildrone has quickly risen to the surface of the growing field of autonomous seagoing vehicles — a category you could be forgiven for not knowing about but that is increasingly important across numerous industries. Its latest vessel, the Voyager, strikes a balance between its shorter Explorer an

As a part of its continued quest to inject generative AI into all its products, Microsoft today introduced Security Copilot, a new tool that aims to “summarize” and “make sense” of threat intelligence. In a light-on-the-details announcement, Microsoft pitched Security Copilo

Krisp got its start as an AI-powered noise-cancellation service, but now the startup is moving beyond that with instant on-device transcription of all your calls and meetings — and of course it integrates ChatGPT now for quick summaries as well. The open beta goes live today. My transcribing expe