The Rounds raises $38M Series A for its sustainable ‘household restocking’ service

Online shopping and speedy delivery through services like Instacart and Amazon Prime are the height of modern conveniences, but for many consumers who care about sustainability and e-commerce’s impact on the environment, every box and plastic bag deposited on their doorstep is also accompanie

Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million at triple its previous valuation ($4.3 billion), opted for all debt in its latest funding round. The company today announced that it secured $401 million in convert

Uber and Motional to launch robotaxis across US over 10 years

Uber is getting back into the robotaxi game, only this time it’s tapping a third party to handle the self-driving tech. Motional, the Aptiv-Hyundai joint venture commercializing self-driving vehicle tech, will put its robotaxis on the Uber network later this year as part of a 10-year operatin

AI-powered supply chain visibility platform Altana bags $100M

Trade wars, military conflicts, the rise of e-commerce and sustainability concerns are driving changes to supply chain networks and trade flows. Seventy-four percent of supply chain companies made changes to their networks within the past two years, according to Gartner. And in an IBM survey, 40%

Microsoft explores investment in Indian gaming platform Zupee

Microsoft has held conversations to invest in the Indian play-to-earn gaming platform Zupee in recent weeks and proposed to potentially lead a funding round of over $100 million, two people familiar with the matter told technewss, the latest in a series of bets from the cloud services giant to exp

Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M

In South Korea, there are about 7.3 million small and medium-sized enterprises (SMEs) — defined as firms with less than 250 employees. Their workforces combined make up 83.1% of all corporation employees in the country, totaling about 17.1 million people, according to OECD data. To help meet

Daily Crunch: Google will use private subsea cable to launch its first full-scale cloud region in Africa

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 Wednesday! Haje is enjoying a well-deserved day off, but I'm here to dive into some news with you. Let's join hands and jump in at the same time, sh

Startups and VCs are increasingly embracing the federal government. Here’s why

On paper, the federal government looks like an ideal customer for an enterprise startup: Its seemingly endless budget doesn’t fluctuate with market conditions and it’s always in the market for new tech. But it’s a slog to break into, and for a long time, startups and VCs didn̵

Founded by Google’s former head of ads, Neeva brings its ad-free search engine to Europe

Neeva, an ad-free search engine launched last year by a former engineer and executive best known for spearheading Google’s advertising tech business, is about to land in Europe. The Mountain View, California-based company officially launched a subscription-only search engine in its domestic U

Sendy conducts second round of layoffs, 20% of its remaining staff affected

Months after Sendy laid off 10% of its workforce, the Kenyan logistics startup is at it again, sending more staff home while announcing the decision to wind down its Supply service and solely focus on its Fulfillment service to provide a streamlined service for its business clients.  Sendy confirm

IriusRisk lands $29M to automate threat modeling for apps

IriusRisk, a threat modeling platform, today announced that it raised $29 million in a Series B funding round led by Paladin Capital Group with participation from BrightPixel Capital, SwanLab Venture Factory, 360 Capital and Inveready. In a conversation with technewss, CEO Stephen de Vries said th

Party Round’s rebrand is banking on founder bank accounts

Party Round wants you to know that the party isn't over. In fact, it just rebranded, put the music just a little bit lower and finally put out some appetizers. After a certain point, don’t we all get peckish? Party Round announced today that it has rebranded to Capital to underscore its p

This startup out of Carnegie Mellon wrangled my tabs once and for all

This whole browser situation is utterly untenable. I subscribe to a (really great) newsletter called “Today in Tabs,” the name of which sums up a problem that's surely not unique to me: By 5 p.m. EDT, I have a line of tabs of stories I want to read culled from Twitter, various Slack channel

Duolingo makes its first official acquisition, with more to come

Duolingo has acquired its first startup, an animation studio that has created art for the language learning app and for Amazon, Dropbox, Spotify and Google. The startup, Gunner, is a Detroit-based business moving from just being a partner with Duolingo to a full-fledged part of the growing language