Month: September 2022

Regie.ai, a startup using OpenAI’s GPT-3 text-generating system to create sales and marketing content for brands, today announced that it raised $10 million in Series A funding led by Scale Venture Partners with participation from Foundation Capital, South Park Commons, Day One Ventures and prominent angel investors. The fresh investment comes as VCs see a
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Digital mortgage lender Better.com continues to lay off staff, and seemingly in as callous a way as possible. Indeed, whereas most companies try to avoid repeated layoffs, the outfit — which gained notoriety by laying off about 900 employees over Zoom on December 1, 2021 — has since been laying off smaller groups very systematically,
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More signs that the economy is slowing down in Europe, and that costs are going up, are driving merchants and consumers to look for less expensive ways to carry out their everyday business. Today, a startup out of Italy called Satispay — which operates an independent payment network that bypasses big banks and credit companies
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Amazon Alexa will be the foundation of BMW’s next-generation voice assistant, the companies announced Wednesday at Amazon’s annual Devices and Services launch event. The German automaker and Amazon are have had a relationship for years now. BMW started offering the Alexa assistant in select cars starting in 2018 and the partnership has grown from there.
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E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Co-founders and
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Cloudflare, the security, performance and reliability company that went public three years ago, said this morning that it will help connect startups that use its serverless computing platform to dozens of venture firms that have collectively offered to invest up to $1.25 billion in the companies out of their existing funds. It’s a smart, splashy
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China’s electric vehicle upstart Nio has joined Tesla in sourcing raw materials directly from mines rather than its own battery suppliers as soaring prices of lithium, a critical component of EV batteries, hurt manufacturers’ supply chain stability and bottom lines. Lithium carbonate prices in China hit a record 501,500 yuan/tonne in September, tripling the number
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