Rivian’s first production R1T electric pickup truck rolls off the line
The first production Rivian R1T electric pickup truck in “Rivian blue” rolled off the assembly line Tuesday morning at the company’s factory in Normal, Illinois, marking a milestone more than a decade in the making for the automaker and its founder and CEO, RJ Scaringe.
The compan
Daily Crunch: Here's what happened at Apple's virtual 2021 fall event
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Hello and welcome to Daily Crunch for September 14, 2021. It was an Apple day on the internets, so we've all spent the afternoon trying to figure out if we ne
Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company
When Kleiner Perkins led Stord's $12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business.
Fast-forward two years and Stord — an Atlanta-based company
Creative adtech is on the cusp of a revolution, and VCs should take note
2021 has been a good year to be an adtech investor. Valuations are surging, Wall Street is happy and exits are frequent and satisfying. It's the perfect time to double down and invest in an area that has been largely ignored but is poised for major upside in the next few years: Digital creativ
App Annie and co-founder charged with securities fraud, will pay $10M+ settlement
The U.S. Securities and Exchange Commission (SEC) has charged App Annie, a leading mobile data and analytics firm, as well as its co-founder and former CEO and Chairman Bertrand Schmitt, with securities fraud. App Annie and Schmitt have agreed to pay over $10 million to settle the fraud charges whi
SpaceX, Blue Origin awarded NASA contracts to develop moon lander concepts for future Artemis missions
NASA has awarded a combined $46 million in contracts to five companies, including SpaceX, Blue Origin and Dynetics, to develop lander concepts as part of the agency's Artemis program.
The awards include $26.5 million to Blue Origin; $40.8 million to Dynetics; $35.2 million to Lockheed Martin; $
Intuit’s $12B Mailchimp acquisition is about expanding its small business focus
At first blush, the $12 billion Intuit-Mailchimp deal might not make a heck of a lot of sense. But people tend to pigeonhole companies, and in this case they might see Intuit as purely a financial software company and Mailchimp as an email marketing firm and nothing more. If that’s as far as
Xbox and Special Olympics hold first ‘Gaming for Inclusion’ esports event
Gaming in general is moving toward accessibility, but that’s not as much the case in esports, which like other sports are competitive and by nature somewhat exclusive. Xbox and the Special Olympics are working together on a new event that combines competition with inclusion, and it’s go
Apple brings macro, low-light and cinema-focused updates to the iPhone 13 Pro camera
Apple continues its tradition of improving the photography capabilities of consumer devices with today’s announcement of the iPhone 13 and 13 Pro, available on September 24.
Last year’s iPhone 12 had two rear camera lenses, while the iPhone 12 Pro had three; the iPhone 13 and iPhone 13
Spaceflight will be ferrying payloads from Orbit Fab, GeoJump to lunar orbit next year
Space rideshare service provider Spaceflight Inc. is going to be shuttling customers on a lunar flyby mission next year, part of its long-term vision of giving companies easy access to lunar orbits and beyond.
The Seattle-based company will be delivering payload using its propulsive transfer vehicl
Canva raises $200 million at a $40 billion valuation
Canva is now valued at $40 billion following a fresh capital injection of $200 million (USD) in a round led by T. Rowe Price. New and existing investors participated in the round, including Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer
Apple sheds value during iPhone event
The technewss crew is hard at work writing up the latest from Apple’s iPhone, iPad and Apple Watch event. They have good notes on the megacorp’s hardware updates. But what are the markets saying about the same array of products?
For those of us more concerned with effective S&P div
Biden’s new FTC nominee is a digital privacy advocate critical of Big Tech
President Biden made his latest nomination to the Federal Trade Commission this week, tapping digital privacy expert Alvaro Bedoya to join the agency as it takes a hard look at the tech industry.
Bedoya is the founding director of the Center on Privacy & Technology at Georgetown’s law sch
Here’s everything Apple announced at its event this morning
It’s that time again!
It’s September, which generally means two things: We’re blasting Earth, Wind, and Fire on repeat, and Apple will announce a new iPhone (or four).
Right on schedule, Apple held a remote event this morning, streaming kinda-sorta-live from its Cu