Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the first of its ferries in the U.S. — bound for Lake Tahoe. Candela makes a series of all-electric hydrofoiling watercraft, meaning the body of the boat rises above the surface of
Month: November 2024
Tubi, the free ad-supported streaming service owned by Fox, has unveiled a new feature designed to set it apart from its rivals, such as Pluto TV and the Roku Channel, as well as put it in closer competition with short-form video-sharing platforms like Instagram Reels, TikTok, and YouTube Shorts. Called “Scenes,” the feature allows viewers
Cancer, one of the most life-threatening diseases, is projected to affect over 35 million people worldwide in 2050 — 77% more than the estimated 20 million cases in 2022, according to the World Health Organization. Cancer survivors globally reached 53.5 million, and the reoccurrence rate of the disease varies between 15 and 100%, depending on
We have yet another sign of the boom in the travel industry: a major fundraise by one of the B2B startups serving the space. Lighthouse, a data analytics platform for hotels and others in the hospitality industry, has closed a Series C round of $370 million. The KKR-led round catapults Lighthouse to a valuation of
As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability. The latest exhibit: Tokamak Energy, a U.K.-based startup that’s working to refine its squeezed-doughnut approach to fusion power. The
Not every former top FTX executive is heading to prison. Gary Wang, former FTX chief technical officer, was spared prison time by U.S. District Judge Lewis Kaplan today. Judge Kaplan praised Wang’s cooperation with federal authorities. Wang testified against former FTX founder and CEO Sam Bankman-Fried at his trial last fall. Wang pleaded guilty to
Cloud giant Snowflake has agreed to acquire Datavolo, a data pipeline management company, for an undisclosed sum. Snowflake unveiled the deal at the close of the market bell on Wednesday, when it also announced its Q3 2025 earnings. The purchase hasn’t yet closed, and it’s subject to customary closing conditions, Snowflake noted in a release.
Billionaire Gautam Adani and several executives at his company, the Indian conglomerate Adani Group, have been indicted over an alleged scheme to pay more than $250 million in bribes to Indian officials in exchange for contracts to a 12 gigawatt solar power project. The indictment, unsealed Wednesday in federal court in Brooklyn, charges Adani, his
Late last week, U.S. Securities and Exchange Commission chair Gary Gensler said that he was “proud to serve” the agency, which some are taking as a hint at an upcoming resignation. Gensler has faced heavy criticism for his crackdown on crypto, including a recent lawsuit from 18 states, and is likely to be replaced under
The FBI unsealed an indictment yesterday that alleges Joanna Smith-Griffin, founder of the AI startup AllHere Education, engaged in “securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors” out of nearly $10 million. The FBI claims she misrepresented her company’s revenue, customer base, and cash to investors from at least November
Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a new growth opportunity. On Wednesday, the company announced that it’s spinning off NBCUniversal’s cable television networks — such as CNBC, E!, Golf Channel, MSNBC, Oxygen, SYFY, and USA Network —
To make AI possible, you need to create connections between vast quantities of data. That’s where tech like graph databases come into play. Graph databases handle fast-changing, interconnected data more adeptly than traditional databases, which were designed to store rigidly structured information. Of course, graph databases need to be managed in order to be useful.
Nuro is rolling out test fleet of its its driverless, passenger-less R3 vehicles across the Bay Area and Houston, two months after the the autonomous vehicle technology startup changed its business strategy to license its AV tech to automakers and mobility providers. The large-scale demo, which will expand the domain where Nuro currently tests, is designed to
Netflix is adding a new title to its gaming library: a daily word puzzle that is eerily similar to a lot of other mobile games that exist already. Announced in October, the streaming giant teamed up with TED, the well-known nonprofit media organization, to launch TED Tumblewords, a new daily word puzzle game. In this
When Alex Hawkinson was the CEO of SmartThings, the consumer-focused connected devices company he co-founded and sold to Samsung for around $200 million, he kept thinking that internet of things (IoT) technology could probably solve bigger issues. He left SmartThings in 2018 to figure out where connected devices could make the largest impact. He co-founded
Formal is a security startup coming out of stealth on Tuesday with a nice list of investors and an interesting product positioning. The company has designed a reverse-proxy for data stores and APIs so that security teams can more easily secure access to sensitive data. In more practical terms, Formal is a proxy that you
Italian energy giant Enel is placing a bet on small modular nuclear reactors through a partnership with Ansaldo, another Italian energy company, and Leonardo, a defense contractor. The new company is expected to be announced in the coming days. Enel already has a deal with small modular reactor startup Newcleo to develop so-called fourth-generation nuclear
Google is releasing the first developer preview of Android 16 to speed up feature rollouts in devices. This is a major change in the Android rollout schedule as, over the past few years, Google released its first Android developer beta around Q2, with a stable release coming out post-July. With the new schedule, Android 16’s
Chroma, a startup building a new type of audiovisual entertainment for mobile devices, has been sold. The company, which had financial backing from Twitter and Medium co-founder Biz Stone as well as Pinterest co-founder Evan Sharp, is headed to London-based audio technology company Bronze, an AI music startup. Founded by record producer Lex Dromgoole, who’s
There are plenty of online platforms for developers that help you learn new skills or get started with a new language, such as CodeCademy, Leetcode, and CodeSignal. Some guide developers step by step through the process while teaching the basics, while others provide detailed video tutorials. Codecrafters is a platform that doesn’t want to show
Startup Ample is on a mission to convert commercial fleets into believers in the power of electric vehicle battery swapping technology. The company has spent the last three years piloting its electric vehicle battery swapping technology in San Francisco, Madrid, and Japan. Now, Ample is preparing to turn some of those pilot customers into commercial
Smart ring maker Oura announced on Tuesday that it has received a $75 million investment from glucose device maker Dexcom. The investment marks Oura’s Series D funding round and brings the company’s valuation to more than $5 billion. The partnership paves the way for the two companies’ devices and apps to be used together, which
Generative AI has upended how we write things, or even if we write at all. Now a startup wants to be the main character in the next chapter of that story: AI that replaces the role of the publisher. Spines is a self-publishing platform that claims that — thanks to being powered by artificial intelligence
As college tuition increases and the student loan debt crisis continues, three former executives from language learning app Duolingo are building a new startup aimed at making college education more affordable and accessible. The company, tentatively named Outsmart Education (the name is not final yet), is headed by co-founders Daniel Falabella (CPO), former senior director
Google is committing $20 million in cash and $2 million in cloud credits to a new funding initiative designed to help scientists and researchers unearth the next great scientific breakthroughs using artificial intelligence (AI). The announcement, made by Google DeepMind co-founder and CEO Demis Hassabis during a fireside chat at the closed-door AI for Science
Unions representing Hollywood actors and writers went on strike last year to secure protections against AI systems taking their jobs. But Ben Affleck says that actors and screenwriters shouldn’t worry about AI because it’s not capable of doing either job today, and likely won’t for a long time. “Movies will be one of the last
Partiful, the New York-based event-planning app that’s taking on older solutions like Evite, Eventbrite, and Facebook Events, has been named Google’s app of the year, the tech giant announced on Monday as part of its “best apps and games of 2024” list. The list also highlighted the top game, AFK Journey, alongside other category winners
Funding for European tech appears to have stabilised in 2024 after dropping precipitously in 2023, but the signs continue to point to more tough times ahead, according to the latest State of European Tech report. The annual survey — produced by European VC firm Atomico — notes that startups in the region are on track
President-elect Donald Trump said on Saturday that he would be nominating Chris Wright, CEO of oilfield services company Liberty Energy, to the post of energy secretary. Wright has been a big booster of oil and gas. From his perch at Liberty, Wright last year denied that there’s a climate crisis or that it’ll result in
Marc Benioff famously got into tech as a child coder writing games. He’s always loved tech gadgets. During an episode of TechCrunch’s Equity, when asked about his latest gadgets, he showed off his Oura ring. But then he considered and said that his favorite gadget these days is his car. “I think my car is
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