Sameer Dholakia, partner with Bessemer Venture Partners, joins “Bloomberg Technology” to discuss investing in AI and the details on BVP’s new $1 billion commitment from current funds to back AI-native companies. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed
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Generative AI — AI that can write essays, create artwork and music, and more — continues to attract outsize investor attention. According to one source, generative AI startups raised $1.7 billion in Q1 2023, with an additional $10.68 billion worth of deals announced in the quarter but not yet completed. There’s scores of competition, including
A team of ex-Googlers is today launching a new digital creativity platform, Rooms.xyz, into beta testing. The startup, backed by $10 million in seed funding led by a16z, offers a browser-based tool for designing 3D spaces — or “rooms” — using drag-and-drop, editable objects or code, allowing users to express themselves through creative play as
In 1846, London surgeon John Hutchinson invented the spirometer, a thing you blow hard into, to measure the volume of air inspired and expired by the lungs. It’s a pretty basic idea. Incredibly, since then, the technology has barely evolved. Today, the modern spirometer doesn’t even measure the amount of CO2 expelled by the lungs,
Jamie Siminoff has been busy. The Ring founder quietly exited the advisor role he took back in March after exiting the brand’s CEO role. He had been at Amazon since its 2018 acquisition of the firm. Turns out he’s sold yet another startup — this time one you’ve never heard of. The clunkily named Honest
Aldagram, a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. Panasonic, the consumer electronics giant that also develops solar panels, air conditioning units and many other products for its sizable buildings and
Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea
Vice was valued at $5.7 billion just six years ago, eyeing a potential IPO. Now, the trendsetting media company has filed for Chapter 11 bankruptcy. The company’s lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — have agreed to purchase the company for $225 million. That’s only about 4% of the company’s
Chaitanya Vaidya Contributor Chaitanya Vaidya is the co-founder of Deeprisk.ai, holds a fintech AI patent and has been in the tech innovation space for more than a decade. With the rise of open-source AI models, the commoditization of this groundbreaking technology is upon us. It’s easy to fall into the trap of aiming a newly-released
Robin Godenrath Contributor Robin Godenrath is founding partner and managing director at Picus Capital. His focus is early-stage technology investments, particularly in HR tech, robotics, and healthcare industries. Alex Rohregger Contributor The United States and China have long been ahead of the pack when it comes to robotics funding. However, data from 2022 is showing
The venture community has realized several things in recent years: Climate change isn’t going away, and there is a huge opportunity to invest in companies that promise to define entire segments of the future economy. With a few hiccups along the way, venture dollars have begun to flow with increasing volume and regularity to climate
Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed
Amazon has reached a deal with Embracer Group, the company that holds the IP rights for “The Lord of the Rings” and “The Hobbit,” to release a massively multiplayer online (MMO) game based on the works of J.R.R. Tolkien. The upcoming game will be an open-world MMO adventure set in Middle-earth, featuring the stories of
Amazon Vice President of Transportation Udit Madan speaks to Bloomberg’s Ed Ludlow in Chicago about getting electric vans electric from Rivian out on the road. He says the company is looking for even more partners to electrify the fleet.
Oghenetega Iortim built Nigerian-based cold chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from his fresh agro-produce venture. Figorr (previously Gricd) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products,
Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led the investment, with previous investors Barclays,
Camille Stewart Contributor Camille Stewart is the White House Deputy National Cyber Director for Technology and Ecosystem Security. Thomas Peng Contributor Thomas Peng is the Chief of Operations and Administration at the United States Peace Corps. Dear Tech Workers, Careers are defined by moments. Sometimes, these moments are meticulously planned out, and carefully strategized —
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we’ll take a look at the hottest fintech news of the previous week.
Technology Policy Institute Senior Fellow Sarah Oh Lam joins Caroline Hyde and Ed Ludlow to discuss the Microsoft-Activision deal and the likelihood of the FTC filing a lawsuit seeking to block the deal. Plus, her thoughts on what other antitrust cases to watch.
Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I look into three topics that don’t have to be an “either/or” situation: France or the U.K.; product-led or sales-led; psychedelics medicine
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior reporter Natasha Mascarenhas. Startups Weekly readers know I love a pivot story, and now I have one of my own: I’m leaving TechCrunch! This is my last Startups Weekly issue, a newsletter that I’ve written every week for over
Building and maintaining relationships is hard, and COVID-19 definitely didn’t help. Multiple studies have shown that adults have gotten even more lonely since the start of the pandemic. Founders are trying to find tech solutions. There are many startups looking to combat loneliness — some formed years before the pandemic — including senior-focused ElliQ and
Airbnb CEO Brian Chesky joins Bloomberg’s Emily Chang and Caroline Hyde to discuss why Airbnb is revamping the home-rental platform in an effort to ease mounting tensions between guests and hosts ahead of what it expects to be a busy summer travel season. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Mary Ann, Natasha and Alex are closing out another news-filled week full of change, and since we did have the crew for one last chat, here’s what we got into: Before we signed off, we celebrated one
Precursor’s Charles Hudson wants to be cautious but not too cautious. The venture capitalist was at an AI confab last month, but he has not yet made a new AI investment during the current hype cycle. He’s one of many investors who have seen an inflection point take over a sector before, bringing in boatloads
Shortly after last week’s joint announcement which saw Apple and Google teaming up on Bluetooth tracker safety measures and a new specification, Google today introduced a series of improvements coming to its own Find My Device network, including proactive alerts about unknown trackers traveling with you with support for Apple’s AirTag and others. The news,
Michael Beckley Contributor Michael Beckley is a co-founder and CTO of Appian, where he drives the technical vision for the company, leads product and solutions marketing teams, and oversees customer initiatives. When the economy is tight, financial institutions are faced with several mutually-reinforcing challenges. The temptation for bad action on the part of customers increases.
In case you haven’t heard, you — yes you, TechCrunch readers — have a voice and a vote in the programming at TechCrunch Disrupt 2023, taking place September 19–21 in San Francisco. Audience Choice voting is open now through May 17 at 11:59 p.m. PDT. Final chance: Today’s the last day you can score early-bird
We knew the Pixel Tablet was coming. In fact, we’ve known it for a year. Google teased the device at last year’s I/O. It was one of those “don’t worry, we’re working on stuff” sort of deals, with an extremely broad 2023 release date. The company offered a (slightly) better look at the system at
TikTok has upended how music is discovered, used and consumed these days; now, its long-term effort to build a business around that is getting a boost. The Bytedance-owned app today announced a search feature called “NewMusic”, which users can use to find new tracks, and artists can use to promote them. To see new music
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