InnovaFeed nabs $250M to extend its vertical insect farms to the US

InnovaFeed, a vertical insect farm operator that’s rearing insects for animal and plant nutrition, has raised $250 million in a series D round of funding led by Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund. While countless companies are developing alternative and more

Augment’s personal AI assistant could help you keep track of a scattered digital life

If you’re having trouble tracking your work and personal life as it spreads over 20 different apps and productivity suites, to the point where you have a meeting in five minutes you don’t even remember making, you’re not alone. We can’t all have a PA to keep track for us, bu

TrovaTrip, a group travel management platform and marketplace, raises $15M

TrovaTrip, a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. Founded in 2017, the Portland-based company makes it easy for creators to sell and host multi-day experiences around the world. Tro

Revolut confirms cyberattack exposed personal data of tens of thousands of users

Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Revolut spokesperson Michael Bodansky told technewss that an “unauthorized third party obtained access to the details of a

Tres raises $7.6M to help web3 teams manage their financials and crypto data

Tres, a financial “data lake” for web3 companies, has raised $7.6 million in a seed round led by boldstart ventures, its founder and CEO Tal Zackon, exclusively shared with technewss. Investors include F2, The Chainsmokers' venture fund Mantis, New Form Capital, Kenetic Ca

Malaysia-based Respond.io helps businesses juggle multiple messaging apps

There are multiple messaging apps active in Southeast Asia, and most consumers prefer to use them over email when they contact a business. Respond.io serves as a central dashboard for the biggest apps, including WhatsApp, Facebook Messenger, Line, Viber, Telegram and WeChat. The Malaysia-based comp

Meta alumni’s startup TrueFoundry raises $2.3M to accelerate ML deployments

A group of former Meta engineers is building a platform to help enterprises deploy machine learning models at the speed of big tech companies. Their startup, TrueFoundry, has raised $2.3 million in a funding round. The San Francisco, California–headquartered startup automates repetitive tasks in

TC editors weigh in: Tech, trends and controversy in the cryptoverse

There's never a dull moment in the cryptoverse. Blockchain, DeFi and web3 technologies continue to evolve rapidly in a world of wild extremes. How extreme? Consider these two examples. The Terra ecosystem disappears in a multi-billion-dollar crash-and-burn while traditional investment firm Andr

Video game coaching marketplace Metafy cuts 23% of staff despite doubling revenue

Metafy, a marketplace for video game coaching, laid off 23% of its staff last week, primarily impacting product, design and engineering teams, founder Joshua Fabian confirmed in an e-mail to technewss. The layoff impacted 12 full-time employees. A Notion page has been created for those looking for

How XPeng's city navigation will stack up against Tesla's FSD

XPeng, a Chinese smart electric vehicle startup, has launched its anticipated advanced driver assistance system (ADAS) that automates some driving functions in urban environments. City Navigation Guided Pilot (City NGP), an expanded version of XPeng’s NGP, which performed tasks like assisted

Pano has a burning desire to apply AI smarts to wildfire detection

As the weather gets hot and dry, things get a little bit tense these days. While it’s been possible for humans to be on the lookout for fires (there are even organizations that make it easy to volunteer to do so), one of the big challenge is that technology often comes up short; by the time t

SoftBank-backed Ola to cut 200 jobs in India

SoftBank-backed Ola plans to eliminate about 200 jobs across its engineering teams over the next few days, on track to shrink its workforce by over 1,200 this year, as the ride-hailing giant streamlines its operations to improve finances. The company has kickstarted the new wave of layoffs, which a

Launch House holds private town hall, says investigation is underway

In a town hall with some members of their community, Launch House addressed the harassment and assault allegations surfaced by a Vox Investigation earlier this week. The startup, backed by a16z and Flybridge as well as a bevy of top investors, said that an independent investigation is underway. “

Lynk may beat Starlink and Apple to the punch as FCC approves its space-based texting

SpaceX and T-Mobile may have hogged the headlines with their flashy pre-announcement about Starlink connectivity last month, and Apple last week, but Lynk has been putting in the work and may very well steal their lunch with a satellite-to-phone connection that already works — with any device out