Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back to India from the U.S., signaling a broader trend among the local startup community. The Bengaluru-headquartered startup, which allows consumers to buy shares and mutual funds, made the transition in March, its co-founder and chief
Month: May 2024
When Class founder Michael Chasen was in college, he and a buddy came up with the idea for Blackboard, an online classroom organizational tool. His original company was acquired for $1.64 billion in 2011. Chasen later developed Class, a Zoom add-on, during the pandemic to help teachers make better use of Zoom in a classroom
Paris-based Mistral AI, a startup working on open source large language models — the building block for generative AI services — has been raising money at a $6 billion valuation, three times its valuation in December, to compete more keenly against the likes of OpenAI and Anthropic, TechCrunch has learned from multiple sources. We understand
TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today. Synapse says the problem is banking partner Evolve Bank & Trust. And Evolve says it is not involved, and not to blame. Meanwhile, another player in the saga, Mercury, says Synapse’s allegations have “no merit.” Synapse’s
For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of eligible patients enroll in investigations of new treatments. Triomics, a generative AI startup, claims it can significantly reduce the time it takes doctors to match
Here’s a tidbit of startup history that may not be widely known outside of the tech firms themselves: The first versions of popular Android apps, like Twitter, were built by Google itself. That revelation came about via a new podcast with Twitter’s former senior director of product management, Sara Beykpour, now the co-founder of the
On Thursday, Reddit is rolling out a new policy aimed at balancing its desire to license its content to larger tech companies, like Google, and protecting users’ privacy. The newly announced “Public Content Policy” will now join Reddit’s existing privacy policy and content policy to guide how Reddit’s data is being accessed and used by
Line Man Wongnai, an on-demand food delivery service in Thailand, is considering an initial public offering on a Thai exchange or the U.S. in 2025, the company’s CEO and co-founder, Yod Chinsupakul, said in an exclusive interview with TechCrunch. Line Man Wongnai has yet to finalize where it will launch the IPO, but a dual-listing
Apple can generally be relied on for clever, well-produced ads, but it missed the mark with its latest, which depicts a tower of creative tools and analog items literally crushed into the form of the iPad. Many, including myself, had a negative and visceral reaction to this, and we should talk about why. It’s not
For the founders of Atlan, a data governance startup, data has always been at the heart of what they do, even before they launched the company. In fact, co-founders Prukalpa Sankar and Varun Banka got their start building India’s national data platform called SocialCops. So it probably shouldn’t come as a surprise that they have
Cleaning the outside of buildings is a dirty job, and it’s also dangerous. Lucid Bots came on the scene in 2018 with its Sherpa line of drones to clean windows in tall places, and now it’s back to take on more labor-intensive tasks. The Charlotte, N.C.-based company, which was part of Y Combinator’s 2019 cohort,
Mushrooms continue to be a big area for alternative proteins. Canada-based Maia Farms recently raised $1.7 million to develop a blend of mushroom and plant-based protein using biomass fermentation. There’s also MyForest Foods and Fable Food. Then there’s Meati Foods, which claims it’s like no other alternative protein. The company makes cutlets and steaks from
Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months after Monzo raised £340 million ($425 million), meaning the London-based company has now raised north of $610 million in 2024, and $1.5 billion since its inception nine
Close to a decade ago, brothers Aviv and Matteo Shapira co-founded a company, Replay, that created a video format for 360-degree replays — the sorts of replays that have become part and parcel of major sports broadcasts. Replay caught the attention of Intel, which acquired the company in 2016 for a reported $175 million, and
We’ve all seen them. The inspector with a clipboard, walking around a building, ticking off the last time the fire extinguishers were checked, or if all the lights are working. They work in the TICC (Testing, Inspection, Certification and Compliance) space, and they literally tick boxes. And while the job may seem simple enough to
Autonomous, AI-based players are coming to a gaming experience near you, and a new startup, Altera, is joining the fray to build this new guard of AI agents. The company announced Wednesday that it raised $9 million in an oversubscribed seed round, co-led by First Spark Ventures (Eric Schmidt’s deep-tech fund) and Patron (the seed stage
With venture totals slipping year-over-year in key markets like the United States, and concern that venture firms themselves are struggling to raise more capital, founders might be worried. After all, if private-market investment doesn’t perk up in the coming quarters, we could be on track for yet another year of declines in total startup investment
Private social networking is making a comeback. Gratitude Plus, a startup that aims to shift social media in a more positive direction, is expanding its wellness-focused, personal reflections journal to include support for families who want to stay in touch even when physically distant. The startup, whose name reflects its core offering of a gratitude
Platform is a word that gets tossed around a lot in technology circles, so much so that it’s often misused. But here’s the basic business school definition: A platform is a company or business model that creates more value for participants than it captures for itself. Consider that some of the most successful companies in
Jonathan Strimling faced a dilemma. His company had spent nine years working on chemical processes that could turn old cardboard boxes into high-quality building insulation. The good news was the team had finally cracked it: CleanFiber’s technology pumped out insulation — really good insulation. It had fewer contaminants and produced less dust than other cellulose
Productive Use of Renewable Energy (PURE) technologies, especially those in the solar irrigation and cold chain segment, saw increased investor interest last year, despite a 43% funding slump recorded in the global off-grid solar sector. The global association for the off-grid solar energy industry, GOGLA, says PURE technologies raised $65 million in 2023, double the
S2G Ventures is graduating today, so to speak. The climate tech investment firm has been living under Builders Vision, an umbrella organization for Walmart heir Lukas Walton’s philanthropic and investment activities, for the past three years. Walton was S2G’s sole limited partner. Now the organization is bringing others on board. Walton started S2G in 2014
Climate tech startups raised $8.1 billion in the first quarter, near record amounts of money that suggest 2023’s quiet close might have been more of a blip than the sign of a protracted downturn. The figure, contained in a new report from PitchBook, shows that climate tech hasn’t succumbed to the same slowdown that has
Plenty of founders have a difficult decision to make early in their journey: where to set up shop. For deep tech founders, the decision is complicated by the fact that they typically need more from their space. Some might need lab benches, others might require massive amounts of electricity, and still others might need room
If you’re an electricity nerd, chances are you’ve already spent quite a few hours looking at Electricity Maps and its mesmerizing export flow animations. This open-source data visualization project has been around since 2016. But companies like Google and Samsung are increasingly relying on this rich data set to hit their sustainability goals and empower
Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual data entry processes that could be prone to errors. “As a buy-side analyst, I felt the pain of manually sourcing and entering data to build and update financial models,”
Lipids are fatty, waxy or oily compounds that, for instance, typically come in the form of fats and oils. As a result they are heavily used in the production of beauty products, as well as in fashion, and food industries. Right now, most lipids come from environmentally problematic petrochemicals. But new processes mean it’s possible
Usually, when something starts to rot, it gets pitched in the trash. But Joanne Rodriguez wants to turn the concept of rot on its head by growing fungus on trash to turn it into something better. “We train mushrooms to eat trash and create renewable, bio-based raw materials,” she told TechCrunch. Rodriguez is the founder
In 2022, Rewind had just raised $10 million from a16z and was building a personal data recording service that promised to privately record your activity and let you search through your own history. But that was before OpenAI launched ChatGPT. Today, generative AI can make what Rewind had built previously — a searchable record of
Have you ever stood in front of a redwood and wondered, “Wouldn’t it be great if this was poetry instead of a tree?” Neither did Joyce Kilmer. Kelin Carolyn Zhang and Ryan Mather, however, have set out to bridge the gap between AI tech and poetry with their captivating brainchild — the Poetry Camera. The