Startups

AI has been the backbone of many a technological breakthrough over the years, but one challenge it has yet to solve is that of self-driving: try as they may, engineers have yet to build a platform that can manage all the practicalities and unexpected eventualities of conducting a vehicle as well as

When Regina Ye was in college, she was a Shopify seller and recalls being so fed up with advertising solutions that she spent finals week staying up late to figure out how ads worked on Facebook and Amazon. “It was super complicated,” she told technewss. “I was an early adopter of B2B market

It's getting a little crowded in low Earth orbit. Between the proliferation of small-scale satellites, massive constellations à la SpaceX's Starlink and an ever-growing collection of space junk, launching and operating an orbiting body can feel a bit like playing Frogger. Even the Internat

It’s estimated that there are more than 1 billion people using Microsoft’s Excel in the world today, and a significant part of those are smaller-business people, and of those, 80% lean on the spreadsheet software to keep track of their finances. Now, a startup called DataRails, which ha

Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of provid

Antler East Africa, the Nairobi office of VC firm and venture builder Antler, has closed a $13.5 million fund to invest in early-stage tech startups in the region. The oversubscribed round — Antler intended to raise $10 million but ended up with an extra $3.5 million — has LPs that incl

Quantum computing has been something of a holy grail in the world of technology: In theory, it promises an unprecedented amount of processing power that could be used to solve the most complicated problems; in practice, most attempts at building the physical manifestation of the concept produce too

Swobbee, a Berlin-based startup that's working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that's supported by the European Union. The s

Mojo, a seven-month-old, New York-based company, says it’s looking to build a new sports stock market that lets fans bet on athletes just like stocks. Though the plan is to launch this fall, the young outfit has already raised $75 million in Series A funding led by Thrive Capital, with partic

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Wednesday, March 9, 2022! A few notes before we dive into the news: First, our Austin City Spotlight and pitch-off is coming

Understanding and presenting the size of the market you’re targeting is critical to securing funding for your business. Angel investors and VCs alike want to see a breakthrough product or service that scales and can acquire a significant share of a sizable market. At any stage of investment,

Colossal, the company known for its mission to resurrect a woolly mammoth (or at least, an elephant with some very mammoth-like traits), is back with $60 million in Series A funding. But despite the fanfare and cash, there's not a ton of scientific progress to report. Colossal is spun out of th

In theory, crypto white papers are staid, scientific documents intended to describe a complex, precise method for creating unique blockchain products. In practice, however, white papers are frequently a marketing play intended to help crypto startups generate earned media. Even so, they are still v

Early startup founders may truly believe they'll become the dominant player and capture their total addressable market (TAM). Most investors aren't interested unless that number starts with a B. However, despite investor love for entrepreneurs with idealistic goals, the level-headed among u