Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly raised funds come a little
Month: August 2024
AI hardware has taken on a new shape with Friend’s $99 necklace — a pendant that gives you an AI friend to talk to and … that’s about it. Friend’s pitch is that its wearable can help combat loneliness, but other AI hardware products that have come to market lately — like Humane’s Ai Pin
As widely reported, Wiz recently said no to a $23 billion acquisition offer from Google. At that price, it would have been Google’s biggest acquisition ever. It’s possible the Google team got cold feet during due diligence, or there may have been concerns that regulators would have challenged an acquisition of this size. But all
The steam that condenses on your bathroom mirror may not seem like a big deal, but for architects and builders, it can be an enormous headache. “Moisture control is something that is a major pain point,” Derek Stein, founder and CEO of Adept Materials. “If you just google your favorite home builders’ name and then
Rad Power Bikes, the Seattle-based e-bike startup that has raised more than $300 million from investors, went through another round of layoffs in July, TechCrunch has exclusively learned. This is the company’s fifth round since April 2021, when it cut back 100 staffers. Rad’s latest layoffs follow a culling a year ago, when the e-bike
TechCrunch Disrupt 2024 will be in San Francisco on October 28–30, and we’re already excited! Disrupt brings innovation for every stage of your startup journey, and we could not bring you this world-class event without our world-class partners. Take advantage of the opportunity to leverage the expertise and resources of some of tech’s leading companies. Their participation
Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races towards a driverless commercial launch by the end of 2024. Aurora, which went public in 2021 through a special purpose acquisition merger, is pursuing a driver-as-a-service model, wherein carriers purchase trucks with the Aurora Driver tech on
Molly Alter wears a lot of hats. She’s a mocumentary filmmaker working on a project about an alternate reality where charades is big business. She’s a caesar salad connoisseur and documents her rankings of different restaurants’ attempts on a blog called JULIUS. She’s also Northzone’s newest partner. Alter’s path to venture capital was not an
Following the recent lawsuit filed by the Recording Industry Association of America (RIAA) against music generation startups Udio and Suno, Suno admitted in a court filing on Thursday that it did, in fact, train its AI model using copyrighted songs. But it claimed that doing so was legal under the fair-use doctrine. The RIAA filed the lawsuit
Knowde, an online marketplace for chemicals and polymers, just closed on a Series C round, TechCrunch has exclusively learned. The San Jose-based startup raised $60 million in a round that values it lower than the $500 million valuation it garnered in its most recent round, according to multiple sources familiar with the matter. This round
Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products, and is OpenAI’s exclusive cloud provider. However, the tech giant called the startup a
When Xiaoyin Qu was growing up in China, she was obsessed with learning how to build paper airplanes that could do flips in the air. Her parents, though, didn’t have the aerodynamic expertise to support her newfound passion, and her teachers were too overwhelmed to give her dedicated attention. “That’s why I wanted to build
AI agents are all the rage right now, and Tezi, an early stage startup is working on one to help HR teams find the perfect candidates for a job opening. The startup claims this bot will sift through resumes to find the ones that match the hiring criteria, find time on the recruiter’s calendar to
While venture capitalists and the rest of the technorati are off on holiday or attending the Paris Olympics, the U.S. Securities and Exchange Commission and its staff attorneys are keeping busy this summer. For the second time this week — and at least the fourth time in the past several months — the SEC has
The challenge of integrating renewable energy sources into the grid is a fast-unfolding startup opportunity. U.K.-based Axle Energy jumped on the chance to accelerate grid decarbonization when the business was founded early last year. The global spike in energy prices triggered by the Ukraine war had pushed the idea of building software to support the
Global startup funding was up 16% in the second quarter, according to Crunchbase data, led by an uptick in mega-rounds. That increase was led, unsurprisingly, by the AI sector. Funding to companies in AI made up 30% of all dollars invested and actually doubled quarter over quarter to $24 billion. On today’s episode of TechCrunch’s
AI lobbying at the U.S. federal level is intensifying in the midst of a continued generative AI boom and an election year that could influence future AI regulation. New data from OpenSecrets, a nonprofit group that tracks and publishes metrics on campaign financing and lobbying, shows that the number of groups lobbying the federal government
It’s incredibly easy to dump carbon into the atmosphere and accelerate climate change. It’s a lot harder to take it out. Startups are experimenting with massive industrial systems to draw the pollutant out of the air, with facilities costing hundreds of millions of dollars to construct. That has some other founders thinking, why not use
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