Satellite imagery startup Satellogic to go public via SPAC valuing the company at $850M

The space SPAC frenzy might have died down, but it isn’t over: Earth observation startup Satellogic is the latest to go public via a merger with CF Acquisition Corp. V, a special purpose acquisition company set up by Cantor Fitzgerald. Satellogic already has 17 satellites in orbit, and aims t

Nintendo's OLED Switch arrives October 8, priced at $350

So much for the big E3 reveal. Weeks after the big gaming show, Nintendo has finally taken the wraps off the latest iteration of its wildly popular hybrid gaming console. The Nintendo Switch (OLED model) [parentheses theirs] will arrive on October 8, priced at $350. That is, the company’s qui

Today is Day 1 for Andy Jassy as former AWS CEO moves to Amazon corner office

Amazon founder and CEO Jeff Bezos has always liked to motivate his employees by saying every day is Day 1. Well, it is actually Day 1 for his successor Andy Jassy, who officially moves into the corner office at Amazon today. Bezos announced in February that he would be stepping down as CEO to focus

Italy’s DPA fines Glovo-owned Foodinho $3M, orders changes to algorithmic management of riders

Algorithmic management of gig workers has landed Glovo-owned, on-demand delivery firm Foodinho in trouble in Italy where the country’s data protection authority issued a €2.6 million penalty (~$3M) yesterday after an investigation found a laundry list of problems. The delivery company has b

FabricNano raises $12.5M to help scale its cell-free fossil fuel alternative technology

It's not often that you hear DNA described as a wafer – but that's the analogy that Grant Aarons, the founder of FabricNano, a cell-free biomanufacturing company uses to describe his company's major product. That DNA, the company hopes, will make a dent in a growing global petrochemic

MAGIC Fund raises $30M to scale its global founders-backing-founders fund

Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.”  His platform AngelList ha

Nothing's Ear (1) earbuds will feature noise cancelling and run $99

Fittingly, we don't know a lot about Nothing. The young hardware startup has, however, done a stellar job building hype around precisely that fact. In the lead up to the July 27 launch of the company's first product, the Ear (1), the Nothing marketing machine has released information in dra

Nothing founder Carl Pei on Ear (1) and building a hardware startup from scratch

On July 27, hardware maker Nothing will debut its first product, wireless earbuds dubbed Ear (1). Despite releasing almost no tangible information about the product, the company has managed to generate substantial buzz around the launch — especially for an entry into the already-crowded wireless

White label fintech platform Toqio secures $9.4M Seed led by Seaya and Speedinvest

The upside of the Open Banking regulations which have swept jurisdictions like the UK and the EU is that many more challenger banks have appeared. The headache for either incumbent banks or for upstart startups is the very proliferation of these new banks and financial tech products. But as we know

Byrd raises $19M to expand Amazon-style fulfillment and logistics to more e-commerce merchants in Europe

E-commerce in Europe is set to grow 30% percent this year, with the online shopping surge that started at the rise of Covid-19 showing little sign of abating. Today, a startup that’s building infrastructure in the region to help merchants fill and deliver those orders — and present an a

Free Extra Crunch membership included with TC Early Stage tickets

technewss Early Stage is coming up soon, and all attendees can get 3 months of free access to Extra Crunch as a part of a ticket purchase. Extra Crunch is our members-only community focused on founders and startup teams.  Head here to buy your ticket to TC Early Stage.  Extra Cru

Twitter has lost liability protection in India, government says

Twitter no longer enjoys the liability protection against user-generated content in India, the government said in a court filing this week as tension escalates between the two over the South Asian nation’s new IT rules. In a court filing on Monday, New Delhi said Twitter has lost its immunity

TravelPerk buys UK-based Click Travel in latest pandemic purchase

Business trip booking platform TravelPerk has bagged another rival — picking up UK-based Click Travel. Terms of the deal are not being disclosed but we’re told it’s the third — and largest — acquisition for TravelPerk to date. The Barcelona-based startup has been on a

Asian merchant commerce giant Pine Labs secures $600 million

Pine Labs said on Tuesday it has closed a $600 million financing round as the Asian merchant commerce platform sets the goal to explore the public markets within two years. Fidelity Management & Research Company, BlackRock, Ishana, as well as a fund advised by Neuberger Berman Investment Advis