‘The tortoise and the hare’ story is playing out right now in VC
The unprecedented liquidity that has entered the venture market in the past year has spurred several trends that require VCs to adapt to a more competitive environment where startup founders have far more leverage than they did in the past.
Structurally, there are only so many startups looking to r
Peer into the eyes of Cyberdog
When someone mentioned to me that Xiaomi was launching its own “robot dog,” my mind immediately went to Sony's Aibo. And honestly, it would have been difficult to be more wrong. Now that the news has been out for a few days, the company's heard all of your bad Black Mirror jokes, don
Crypto tax software provider TaxBit raises $130M at a $1.33B valuation
Just five months after raising a $100 million Series A, TaxBit announced today it has raised $130 million in a Series B round of funding.
The latest financing officially makes the Salt Lake City, Utah-based provider of crypto tax and accounting software a unicorn, with a valuation of $1.33 billion.
Motivo raises $12M Series A to speed up chip design with AI
Chip design is a long slog of trial and error, taking years to bring a design to market. Motivo, a five-year-old startup from a chip industry veteran, is creating software to speed up chip design from years to months using AI. Today the company announced a $12 million Series A.
Intel Capital led th
Wonder Brands picks up $20M, aims to build marketplace of Latin American e-commerce brands
E-commerce roll-up companies are big in the United States, and Wonder Brands wants to be that for Latin America.
The Mexico-based company closed on $20 million in seed funding, co-led by ALLVP and Mountain Nazca, with participation from CoVenture, Victory Park Capital, GFC, QED (Fontes), Korify Cap
Reddit is raising up to $700M in Series F funding
Earlier this year, Reddit raised $250 million, bringing the 16-year-old site up to around $800 million in total funding. Today, it announced plans for an even more massive windfall, with a Series F led by Fidelity. The company confirmed with technewss that it has raised $410 million thus far, with
Contact, a platform for creatives backed by Maisie Williams, raises $1.9M seed led by Founders Fund
With the pandemic digitizing every aspect of our lives, the Creator Economy has taken off like never before, with some estimates saying it’s now a $100 billion+ market. And yet, managing your professional life as a model, actor, writer or designer remains a mish-mash of emails, manual booking
India’s Eruditus valued at $3.2 billion in $650 million fundraise
Mumbai-based Eruditus, which works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations, said on Thursday it has raised $650 million in a new financing round led by Accel and SoftBank Vision Fund 2.
The new financing round — which includ
India’s VerSe Innovation raises over $450 million to expand Dailyhunt and Josh apps globally
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million, as the Indian startup looks to expand its offerings to international markets.
Sig
AppWorks closes third fund with $150M for Taiwan and Southeast Asia startups
AppWorks, the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. AppWorks Fund III's limited partners include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai G
Desktop Metal is acquiring industrial 3D printing company ExOne
As part of its earnings call this week, Desktop Metal announced plans to acquire ExOne. The Pennsylvania-based firm creates a variety of different industrial 3D printers for industries like aerospace, automotive, medical and defense. More recently, we wrote about the company's portable 3D print
Dear Sophie: Can I hire an engineer whose green card is being sponsored by another company?
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says
Space manufacturing startup Varda inks deal with Rocket Lab for three spacecraft
Orbital manufacturing startup Varda Space Industries is moving fast. Only a few weeks after announcing a $42 million Series A, Varda has signed a deal with launch company Rocket Lab for three Photon spacecraft to support the startup's initial missions.
The first spacecraft will be delivered in
The gray revolution: Fundraising within the older adult space
The technology industry is often thought of as being the domain of the young and the new. We see an emphasis on young founders (“40 Under 40”), innovative ideas and disruptive challenges to legacy brands, incumbent companies and “old” ways of thinking.
But one of the things I've learned