Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue also participated in the round, according to Rivian. […]
It takes a really specific consumer to buy an Android phone, yet use Apple Music. But the small overlap in that Venn diagram may be getting bigger. Last month at WWDC, Apple unveiled a free update for Apple Music subscribers that added lossless audio streaming and spatial audio with support for Dolby Atmos. Now, Android […]
'In deep tech, it's essential to think about founder-investor fit. And what we mean by this is understanding why an investor is even in VC in the first place.'
Electric aviation startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation was denied by a federal judge Thursday, the latest in an ongoing legal battle over whether Archer stole trade secrets in developing its flagship Maker aircraft. A full written opinion has not yet been published. In a tentative ruling filed earlier […]
Devindra Hardawar Contributor Devindra Hardawar is a Senior Editor at Engadget. GM is issuing a second recall for 2017 to 2019 Bolt EVs over potential fire issues. The company says it plans to replace defective batteries, but until it can do so it’s advising Bolt customers to limit their charging up to 90 percent, and […]
If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]
Monarch, a subscription-based platform that aims to help consumers “plan and manage” their financial lives, has raised $4.8 million in seed funding. Accel led the round, which also included participation from SignalFire, and brings the Mountain View-based yet fully distributed startup’s total funding since its 2019 inception to $5.5 million. Co-founder and CEO Val Agostino […]
When it comes to control, the Chinese government doesn't mind wiping out a few dozen billion dollars in market cap here and there. That's not a great system.
Checkout is a platform play, not a payments play, and now is the time to build the category in B2B. Business buyer behavior is changing, and the stars are aligning on the fintech infrastructure front.
Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The issue is unusual but could become more common as more companies eschew the traditional IPO path to public […]
Alphabet’s public-facing history with robotics has, thus far, been a spotty one. Most notably, Google X’s big acquisition push culminated in its selling Boston Dynamics to SoftBank (who eventually flipped it to Hyundai). Alphabet/Google’s subsequent approach has been less flashy and focused on more immediate robotic tasks. Unveiled today through the X blog, Intrinsic certainly […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were a smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week. This time around we actually recorded live on Twitter Spaces, which was a first for the […]
'At each layer of your growth model, you don't want to just be relying on ads or just be relying on SEO or just be relying on email marketing … you really want to have your eggs in multiple baskets.'
Open-source framework startup Serverless Stack announced Friday that it raised $1 million in seed funding from a group of investors that includes Greylock Partners, SV Angel and Y Combinator. The company was founded in 2017 by Jay V and Frank Wang in San Francisco, and they were part of Y Combinator’s 2021 winter batch. Serverless […]
It’s pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that. The Scotts Valley, California-based company is using cloud technology and […]
Taboola, the company that operates a popular grid-based advertising and content recommendation network across media properties, today announced an acquisition to expand its reach further into e-commerce, its first big move since going public in June by way of a SPAC: It is paying $800 million in a combination of cash and stock to buy […]
Shares in Zomato, a Gurgaon-based food delivery company and first of India’s consumer tech startups to go public, closed up 65% in its debut day of trading in Mumbai, delivering a key insight into the appetite investors have for the world’s second largest internet market’s burgeoning startup ecosystem. Zomato’s shares traded all day above the […]
Meet Kitchenful, a new German startup backed by Y Combinator that wants to make it easier to cook at home by taking care of menu ideas and grocery shopping. The service is currently available in early access in Germany, with a focus on Berlin and Munich. When you sign up to Kitchenful, you first have […]
