According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish startups surpassed €100 billion in 2023. In the latest confirmation of this upward trend, Madrid-based VC fund Seaya has closed Seaya Andromeda, an “Article 9” €300 million climate tech fund based out of Madrid. Article 9 refers to the EU’s Sustainable
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CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based startup said BitOasis’s team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens. BitOasis
Ashwin Nandakumar and Ashwin Jainarayanan were working on their doctorates at adjacent departments in Oxford, but they didn’t know each other. Nandakumar, who was studying oncology, one day stumbled across a curious dataset for prostate cancer, with which he needed sequencing help. “I reached out to a few friends asking to help me analyze this
What’s the common thread between Tesla, building startups, General Motors venture capital and Lyft? Jon McNeill, co-founder and partner of DVx Ventures, joins TechCrunch editor Kirsten Korosec on Equity to discuss how Elon Musk’s pay package has influenced founders, when it makes sense to go light on cash and heavy on equity, and his firm’s
Planning to attend TechCrunch Disrupt 2024 with your team? Maximize your team-building time and your company’s impact across the entire conference when you bring your team. Groups of 4 to 9 save 15% on passes, and if you have a group of 10 or more, you can save 30%. Here’s a sneak peek at some
The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise. But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced
For the past couple of years, innovation has been accelerating in new materials development. And a new French startup called Altrove plans to play a role in this innovation cycle. The deep tech startup has already raised €3.7 million (around $4 million at current exchange rates). If you’re interesting in new materials development, you may
The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk’s X, is ceasing operations after its last-resort acquisition talks with Dailyhunt collapsed. Despite securing over $60 million in funding from prominent investors including Tiger Global and Accel, Koo faced significant challenges in expanding its user base and generating revenue over
Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to
Sophisticated spacecraft often run on shockingly outdated computing systems: consider that the Perseverance rover runs on a PowerPC 750, the processor famous for running on iMacs in the late 1990s. San Francisco-based Aethero is aiming to bring more powerful computing systems to orbit, and their first payload launches this month on SpaceX’s Transporter-11 rideshare mission.
Google has issued its 2024 Environmental Report, a more than 80-page document describing all of the massive company’s efforts to apply tech to environmental issues and to mitigate its own contributions. But it totally dodges the question of how much energy is AI using — perhaps because the answer is “way more than we’d care
In the age of generative AI, when chatbots can provide detailed answers to questions based on content pulled from the internet, the line between fair use and plagiarism, and between routine web scraping and unethical summarization, is a thin one. Perplexity AI is a startup that combines a search engine with a large language model
Raising a Series A round in today’s competitive market can be a daunting task. To equip seed-stage founders with the insights and strategies needed for success, TechCrunch Disrupt 2024 will host a crucial session on the Builders Stage titled “What You Need to Raise a Series A Today.” This session will bring together some of
The amount of waste produced by the construction industry adds up to more than a third of the overall waste produced each year in the European Union. And it’s no better in the U.S. Stateside, the construction industry produces more than double the waste that households do each year. Sensorita wants to help the construction
Meta plans to bring more generative AI tech into games, specifically VR, AR and mixed reality games, as the company looks to reinvigorate its flagging metaverse strategy. According to a job listing, Meta is seeking to research and prototype “new consumer experiences” with new types of gameplay driven by generative AI, like games that “change
Meta is not the only company grappling with the rise in AI-generated content and how it affects its platform. YouTube also quietly rolled out a policy change in June that will allow people to request the takedown of AI-generated or other synthetic content that simulates their face or voice. The change allows people to request
SmartHR, a cloud-based human resources and labor management software startup, said on Monday that it has raised $140 million in a funding round led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers’ Pension Plan, with participation from existing investors. The Series E round, which comes three years after the company raised
A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the senators implicated both the partners and investors of the company as being responsible for missing customer funds. In a letter shared publicly on Monday, U.S.
Music, podcasts, audiobooks…emergency alerts? Spotify’s latest test has the streaming app venturing into new territory with a test of an emergency alerts system in its home market of Sweden. According to code references found within the Spotify app, the company is considering a system that would help distribute public announcements related to things like “accidents,
Exciting news for tech enthusiasts and innovators! TechCrunch Disrupt 2024 is just around the corner, and we have an incredible opportunity for you to elevate your brand’s visibility. How? By hosting your own Side Event at the most anticipated tech gathering of the year! Why host a Side Event? Imagine being at the helm of
Afloat, a gift delivery app that lets you shop from local stores and have gifts delivered to a loved one on the same day, is now available across the U.S. The startup announced on Monday that it is rolling out its service nationwide after previously only being available in select cities, including Atlanta, Dallas, Charleston, Fort
When Til Klein and Jochen Beutgen came across Gaingels, the U.S.-based syndicate of angel investors backing LGBTQ+ founders, they wondered why there wasn’t a firm looking to do the same for the European LGBTQ+ startup community. Five years later, when a firm like that still didn’t exist, Klein and Beutgen decided they should try to
Apple’s AI plans go beyond the previously announced Apple Intelligence launches on the iPhone, iPad, and Mac. According to Bloomberg’s Mark Gurman, the company is also working to bring these features to its Vision Pro headsets. It’s not the most surprising move — if Apple Intelligence (a whole suite of features including an improved Siri,
We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s Oct. 7 attack on Israel. With global military expenditure reaching $2.4 trillion last year, startups are hoping to get a share of the pie, and formerly reluctant investors are keen to help them do so. The U.S. budget
Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. I just came off recording an episode of Equity, where I learned about the newest wave of stupidity. The tech industry’s DEI allergy has hit a
There are plenty of resources to learn English, but not so many for near-native speakers who still want to improve their fluency. That description applies to Stan Beliaev and Yurii Rebryk, and this is what inspired them to create Fluently. Making use of AI, Fluently operates as a coach that gives users feedback and tips
Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon and the startup’s co-founders and portions of its team have joined the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept
Welcome back to another recap of Equity, TechCrunch’s flagship podcast about the business of startups. This episode is jam-packed with deals, hot topics, and the latest dramaaaaaa in the tech world. If you haven’t listened yet, consider this your spoiler-filled invitation to dive in. Three Deals of the Week Formation Bio’s $372M Raise First up,
Get ready to unlock the secrets of successful fundraising in the upcoming year at Disrupt 2024. Our featured session, “How to Raise in 2025 if You’ve Taken a Flat, Down, or Extension Round,” is designed to equip startups with the knowledge and strategies needed to navigate the evolving investment landscape. This session will challenge outdated
Hannah Sieber knows just how transformative batteries can be. At her previous startup, EcoFlow, she used them to replace generators, whether for powering homes after a bad storm or RVs at a campsite. The experience made her wonder what else batteries could do, especially smaller ones. “What are the other industries that could dramatically change?”
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