Startups

Mining is one of the oldest industries out there, but it has increasingly embraced high-tech methods as demand has increased. Plotlogic uses hyperspectral imaging, a technique generally found in labs and satellites, to add a new layer of data and automation to these crucial but often dated operatio

A U.K.-based incubator focused on nonprofit startups that are addressing climate-related challenges through open-source data initiatives has announced the six startups which will be put through its 2022 program. Selected projects and platforms for the data-for-climate-focused accelerator program in

Tire-making giant Bridgestone has taken a minority stake in May Mobility, a Michigan-based autonomous shuttle startup, marking yet another investment into an autonomous vehicle startup. Bridgestone has previously collaborated with Swedish autonomous freight technology startup Einride to find sustai

Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion. In early February, The Information reported on the then-unconfirmed raise and new valuation.  The approachi

A wholesale e-commerce platform based in Kenya, with hubs in the Americas, Asia and Europe, Powered by People, has secured $5 million in seed funding to increase its transaction volume by growing the number of small brands using its B2B online marketplace to reach international buyers. The equity f

For self-driving cars and other applications developed using AI, you need what's known as “deep learning”, the core concepts of which emerged in the ’50s. This requires training models based on similar patterns as seen in the human brain. This, in turn, requires a large amount

Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. This is after raising $40 million in Ser

Sequoia has over the years made a name for itself for its early-stage bets on younger companies, many of which (Apple, Klarna and WhatsApp, to name a few) have gone on to become tech giants. Now, as competition heats up among investors to work with the most promising startups earlier, and the field

Meet Lune, a new startup that wants to expose CO2 emissions calculations so that customers are better informed when they purchase something online. When companies start using Lune's API, they can also let their customers pay a fee to finance a carbon neutralization project. Before founding Lune

Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories. Eight-year-old Clovia, which operate

Welcome to Startups Weekly, a fresh human-first take on this week's startup news and trends. To get this in your inbox, subscribe here. As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begi

A nascent Nuro challenger from China has its sight set on the delivery market in the U.S. and just raised some seed funding to advance its ambitions. Whale Dynamic, a Shenzhen-based autonomous delivery startup founded by Baidu veteran David Chang, said it has closed a seed round of about $2.5 milli

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and welcome to Daily Crunch for Friday, March 18, 2022! Another week is behind us, which means that it's time to sit back and read the last tranche of st

For founders, especially those starting companies for the first time, the gyrations of the stock market, the resulting correction in public market tech stocks, and the inevitable impact on private company fundraising might seem disheartening. And the past few weeks of geopolitical challenges only a