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New York-based Simulate today announced a $50 million fundraise. Led by Alexis Ohanian's 776, the Series B brings the meat alternative's total funding to north of $60 million and values it at $260 million. Simulate's first product, Nuggs (formerly also the startup’s name), has alr

This morning Airbase, a corporate spend startup, announced that it has closed a $60 million Series B led by Menlo Ventures. The deal’s announcement comes after Divvy, another corporate-spend focused startup, sold to Bill.com for several billion dollars, and other unicorns in the space like Br

In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn't speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capi

Countless popular websites including Reddit, Spotify, Twitch, Stack Overflow, GitHub, gov.uk, Hulu, HBO Max, Quora, PayPal, Vimeo, Shopify, Stripe, and news outlets CNN, The Guardian, The New York Times, BBC and Financial Times are currently facing an outage. A glitch at Fastly, a popular CDN provi

Ford unveiled on Tuesday the Maverick, a new compact hybrid pickup truck for people who didn’t know they needed one. The truck’s smaller more approachable size and its base price of $19,995 is geared toward entry-level customers who want that SUV or truck lifestyle as well as the ease o

One of the lingering mysteries from Uber’s sale of its Uber ATG self-driving unit to Aurora has been solved. Raquel Urtasun, the AI pioneer who was the chief scientist at Uber ATG, has launched a new startup called Waabi that is taking what she describes as an “AI-first approach”

On Monday afternoon, the U.S. Justice Department said it has seized much of the cryptocurrency ransom that U.S. pipeline operator Colonial Pipeline paid last month to a Russian hacking collective called DarkSide by tracking the payment as it moved through different accounts belonging to the hacking

Cabify wants to own the way people in cities move. The Spanish-born ride-hailing company is rolling out a pilot multimodal subscription model to 40,000 users in Madrid this week, with plans to expand to its other markets throughout Spain and Latin America. The “Cabify Go!” subscription

The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a S

Apple announced a handful of privacy-focused updates at its annual software developer conference on Monday. One called Private Relay particularly piques the interest of Chinese users living under the country’s censorship system, for it encrypts all browsing history so nobody can track or inte

Hey, founders between gigs: What now? If you exited your last company for airplane money and are now independently wealthy, congratulations! If you want to build another company, just self-fund. If you want outside capital, VCs will chase after you to invest. Unfortunately, most fou

Just after the release of iOS 12 in 2018, Apple introduced its own built-in screen time tracking tools and controls. It then began cracking down on third-party apps that had implemented their own screen time systems, saying they had done so through technologies that risked user privacy. What wasn&#

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. Today was the kickoff of Apple's developer conference, WWDC, meaning that the technewss crew was super busy all day and that we have an ocean of news from Cu

Twitter disclosed on Monday that it blocked four accounts in India to comply with a new legal request from the Indian government. The American social network disclosed on Lumen Database, a Harvard University project, that it took action on four accounts — including those of hip-hop artist L-F