A few months back, robotic process automation (RPA) unicorn UiPath raised a huge $750 million round at a valuation of around $35 billion. The capital came ahead of the company’s expected IPO, so its then-new valuation helped provide a measuring stick for where its eventual flotation could price. UiPath then filed to go public. But […]
President Biden has named two former National Security Agency veterans to senior government cybersecurity positions, including the first national cyber director. The appointments, announced Monday, land after the discovery of two cyberattacks linked to foreign governments earlier this year — the Russian espionage campaign that planted backdoors in U.S. technology giant SolarWinds’ technology to hack […]
Twitter CEO Jack Dorsey, via a tweet, announced that the company would be setting up a presence in Africa. “Twitter is now present on the continent. Thank you, Ghana and Nana Akufo-Addo,” he said. 🇬🇭 Twitter is now present on the continent. Thank you Ghana and @NAkufoAddo. #TwitterGhana https://t.co/tt7KR3kvDg — jack (@jack) April 12, 2021 […]
Cybersecurity training startup Hack The Box, which emerged originally from Greece, has raised a Series A investment round of $10.6 million, led by Paladin Capital Group and joined by Osage University Partners, Brighteye Ventures and existing investors Marathon Venture Capital. It will use the funding to expand. Most recently it launched Hack The Box Academy. […]
Out the window, a fire is raging — and it’s moving ever closer. Confusion. Fear. A run for the car. Roads open and then suddenly closed by authorities. Traffic jams. A fire break that stalls the flames and then suddenly the flames jump, changing direction. Everyone has a plan for what to do — a […]
Intel subsidiary Mobileye is ratcheting up its autonomous vehicle ambitions and getting into delivery. The company said Monday it struck a deal with Udelv to supply its self-driving system to thousands of purpose-built autonomous delivery vehicles. The companies said they plan to put more than 35,000 autonomous vehicles, dubbed Transporters, on city streets by 2028. […]
Rivian, the Amazon-backed EV manufacturer aiming to bring an electric pickup to market later this year, has partnered with Samsung SDI as its battery cell supplier, the company said Monday. The two companies did not disclose the value of the deal or its term length, but in a statement released Monday Rivian said it had […]
When Microsoft announced it was acquiring Nuance Communications this morning for $19.7 billion, you could be excused for doing a Monday morning double take at the hefty price tag. That’s surely a lot of money for a company on a $1.4 billion run rate, but Microsoft, which has already partnered with the speech-to-text market leader […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
“It’s a little bit of a messy story,” Adam Leeb says with a laugh. The story that landed Astrohaus in Detroit on two separate occasions is a bit tangled, certainly. The hardware startup’s cofounder and CEO isn’t the sort of hometown cheerleader you often encounter when speaking with executives who’ve opted to keep their organizations […]
Don’t sleep on Detroit. The city that put America in motion is quickly growing into a startup hub with a wide variety of successes. From sneakers to mortgages to houseplants, companies are finding success in Southeast Michigan thanks to welcoming investors, access to amazing engineering talent, and a deep history of creating lasting businesses. Throughout […]
IonQ, the trapped ion quantum computing company that recently announced that it wants to go public via a SPAC, today announced that it is integrating its quantum computing platform with the open-source Qiskit software development kit. This means Qiskit users can now bring their programs to IonQ’s platform without any major modifications to their code. […]
Microsoft agreed today to acquire Nuance Communications, a leader in speech to text software, for $19.7 billion. Bloomberg broke the story over the weekend that the two companies were in talks. In a post announcing the deal, the company said this was about increasing its presence in the healthcare vertical, a place where Nuance has […]
Ethical investing remains something of a confusing maze, with a great deal of “greenwashing” going on. A new U.K. startup is hoping to fix that with the launch of its new app and platform for retail investors. Clim8 Invest has raised $8 million from 7pc Ventures (early backers of Oculus, acquired by Facebook), British Business […]
The details for Ant’s overhaul have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will become a financial holding company that will bring more regulatory scrutiny over how it lends and generates profits, China’s central bank said on Monday. Ant started as an online payments processor for Alibaba marketplaces and has […]
Memic, a startup developing a robotic-assisted surgical platform that recently received marketing authorization from the U.S. Food and Drug Administration, today announced that it has closed a $96 million Series D funding round. The round was led by Peregrine Ventures and Ceros, with participation from OurCrowd and Accelmed. The company plans to use the new […]
Apple is reportedly working on a couple of new options for a renewed entry into the smart home, including a mash-up of the Apple TV with a HomePod speaker, and an integrated camera for video chat, according to Bloomberg. It’s also said to be working on a smart speaker that basically combines a HomePod with […]
EcoCart, a company pitching consumers on ways to offset their carbon emissions for free at select merchants (with a browser extension!) has raised $3 million in financing from Base10 Partners. Brands pay the company a commission to drive traffic to their websites under a standard affiliate marketing model and EcoCart uses a portion of the […]
Starting this week, some Domino’s customers in Houston can have a pizza delivered without ever interacting with a human. The pizza delivery giant said Monday it has partnered with autonomous delivery vehicle startup Nuro to allow select customers to have their pizzas dropped at their door via Nuro’s R2 robot. “There is still so much […]
