Startups

The global circular economy, comprising the sale of secondhand and refurbished goods, was valued at about $339 billion in 2022 and is poised to more than double by 2026. Much of this is driven by consumer behavior to reduce waste and have more sustainable consumption of goods. Singapore-based Reebe

Can an algorithm predict whether a startup will successfully exit? PitchBook believes so. The venture capital and private equity database today launched VC Exit Predictor, a tool trained on PitchBook data to attempt to suss out a startup’s growth prospects. When given the name of a VC-backed

Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as m

Manufacturing real-life, tangible objects that you can touch is often a lot riskier than developing software. Once you've created 10,000 thingamajigs, it’s far harder to make changes to them than in the software world, where you can push an update if you want to tweak something. In the wo

Welcome to Week in Review, folks, technewss’s regular recap of the week in tech. GPT-4, OpenAI’s text- and image-understanding AI, might’ve dominated the headlines over the past few days. But fresh drama around Silicon Valley Bank’s collapse emerged as well. We cover all th

Welcome to Startups Weekly, a nuanced take on this week's startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Maybe it's the fact that “Succession” is back next week, or maybe it's the fact that Silico

Amid the venture industry’s funding slowdown in 2022, nontraditional investors like hedge funds and private equity firms ran for the hills. Many assumed that corporate venture capital funds would, too — but they didn’t. These strategic backers remained consistent in 2022 and, accordi

When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software th

Green Li-ion says its battery recycling machines are the “size of a small house,” so it’s no wonder the Singapore-based startup needed to top up on funds. It’d only raised about $15 million ahead of its latest cash infusion. This week, Green Li-ion announced a $20.5 million

The comedown from the venture capital boom of 2021 has shaken up much of the startup world, but the dearth of capital has shown up sharply in one particular niche: fintech. CB Insights data indicates that after reaching a peak in 2021, funding to fintech startups across the world dropped a drastic

Silicon Valley Bank is a good reminder that startups, often entrenched in the world of risk and scrappiness, sometimes forget to think about the obvious: single points of failure. But just like it makes sense to rely on a community-friendly bank, so does entrusting a single person to lead your busi

Ever since they were discovered over 100 years ago, superconductors have seemed a bit magical. You might have seen one on YouTube, levitating above a pool of liquid nitrogen, shrouded in vapor as the super-chilled seventh element boils off. Or maybe you've been inside a much larger one that was

One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: Today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Ban

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 Thursday, Crunchers! An agreement among a group of the nation's largest banks to deposit some $30 billion with First Republic Bank cou