A Chinese provider of hydrogen used in fuel cell vehicles is considering a NASDAQ debut early next year via a SPAC merger that would land it a $1 billion valuation after listing. If the deal with its undisclosed suitor goes through, Shenzhen State Fuel Cell Corporation (SFCC) will become the latest in a long line
Month: May 2022
Accern, which uses AI to analyze online conversations around particular companies, trends, and industries, today announced that it raised $20 million in a Series B round led by Mighty Capital alongside Tribe Capital, Shasta Ventures, Gaingels and Fusion Fund and others. CEO Kumesh Aroomoogan says that the new capital will be put toward “product-led growth,”
The European Commission has shared the preliminary findings of an antitrust case focused on Apple Pay on iOS devices. According to antitrust investigators, Apple abused its dominant position as competitors can’t provide NFC-enabled contactless payments on the iPhone to develop other mobile wallets and compete fairly with Apple Pay. The Commission says NFC is a
QED incubated this auto financing company in 2016 and Kevin Bennett became CEO in 2018 and soon after raised its first seed round. It started as MotoRefi, and rebranded in November 2021 to Caribou. But the mission remains: Transforming consumers’ financial relationship with their cars. Since the founding, Bennett has raised $74 million for the
Dan Ives of Wedbush Securities says Elon Musk will own Twitter within 24 hours. He says Musk will then likely turn Twitter into a subscription model. Ives speaks on “Bloomberg The Open.”
Welcome to the inaugural edition of The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the
Much has been written about Elon Musk’s bid to acquire Twitter, an effort which, despite substantial backing from Morgan Stanley and the approval of Twitter’s board, stands on unsure footing at present. Reporting and punditry have focused on the security implications of the proposed acquisition, as well as Musk’s potential approaches to content moderation and,
Just over a year ago, UiPath was among the most favored startups in the world. Last February the company raised a massive $750 million round at a staggering $35 billion valuation. The robotic process automation, or RPA company, was firing on all cylinders. By the time that UiPath went public in April of last year,
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. There’s a clash happening in the early-stage market. In one world, late-stage investors are reacting to tech stonk corrections by clamoring toward the early-stage investment world, forcing seed investors to go even
Are you slouching at your desk again? There’s an app for that… Zen uses posture mirroring software to help information workers stop hunching over their desks — sending alerts when it detects you’re not sitting up straight so you can correct your posture and, hopefully, avoid a lifetime of back problems. The catch? It uses
Symmetrical.ai, a payroll tech provider, today announced that it raised $18.5 million in financing led by Target Global with participation from Global Founders Capital, Finch Capital, Partech, Market One Capital, and Inovo. The proceeds will support Symmetrical’s expansion into new European markets and enterprise clients, CEO Piotr Smoleń told TechCrunch via email, as well as
For investors, one factor will almost always stand head and shoulders above the rest: Your TAM (total addressable market) needs to break at least $1 billion. But alongside a massive addressable market, investors are also looking to see that you have existing customers, even they’re few in number, who truly love your product. However, communicating
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Good news! We’re not talking about crypto, Elon Musk or SaaS multiples today. We’re also not talking IPOs, global venture capital trends or the like. Instead, we’re going to
Synthesis AI, a startup developing a platform that generates synthetic data to train AI systems, today announced that it raised $17 million in a Series A funding round led by 468 Capital with participation from Sorenson Ventures and Strawberry Creek Ventures, Bee Partners, PJC, iRobot Ventures, Boom Capital and Kubera Venture Capital. CEO and founder
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the