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Freight forwarders often keep track of rates on spreadsheets they email to customers, but the pandemic has made that difficult because prices are constantly fluctuating. Freightify, a startup that refers to itself as the “Shopify for maritime freight,” provides white-label rate management and e

Business-to-business payments platform Nium announced Monday that it raised more than $200 million in Series D funding and saw its valuation rise above $1 billion. The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn fro

Tesla is pushing the launch of its electric Semi truck program to 2022 due to supply chain challenges and the limited availability of battery cells, the company said in its second-quarter earnings report Monday. Tesla CEO Elon Musk has warned about battery supply constraints before and the effect i

Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage and solar business. The demand picture will get even sunnier for the division if the company can access enough chips for its energy stor

Samsung sent out invites for its August 11 Unpacked event last week. While it's clear this is going to be packed (somewhat ironically) even by the company's standards, the event may well be as notable for what it doesn't include. Namely, a slew of rumors have pointed to Samsung skipping

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 26, 2021. Tech news got off to a cracking start this week after the Chinese government spent the weekend rolling out a

Reusable rocket startup iRocket has entered into a new partnership with NASA in its quest to reach commercialization in just two years. The partnership will give iRocket access to technical and engineering support, chiefly at the NASA Marshall Space Flight Center in Huntsville, Alabama. The company

Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in a

The neighborhood crime-watch app Citizen is covertly hiring journalists to livestream on the app at crime scenes for $25 per hour through third-party websites. I’m tired. When Citizen first hit the App Store in 2016, it was called Vigilante — it marketed itself as a platform to fight injust

U.S. edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share. Per the unicorn’s SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up

Despite the plentiful headlines about mega billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups. In the over 30 years I’ve worked on M&A at White & Case, Barclays and

The whole human proteome may be free to browse thanks to DeepMind, but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. Glyphic Biotechnologies accelerates the critical but slow sequencing step, potentially cutting drug development ti

MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing round as the Mumbai-headquartered firm looks to scale its business across the South Asian market. The s

Elizabeth Holmes’ raspy, deep voice helped her raise more than $700 mlion for her now-defunct company, Theranos. When I step into any boardroom for a pitch, I can hear her croaking her favorite line: “I hope that less people wl have to say goodbye too soon to people that they love.̶