Hebbia, a startup using generative AI to search large documents and return answers, has raised a nearly $100 million series B led by Andreessen Horowitz, according to three people with knowledge of the matter. The round valued the company between $700 – $800 million although TechCrunch couldn’t verify whether that valuation is pre- or post-money.
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Amid a fraught environment for battery startups, Sila has raised $375 million to finish construction of a U.S. factory that will scale its next-generation battery technology for customers like Mercedes-Benz and Panasonic by the end of 2025. Sila, formerly known as Sila Nanotechnologies, is slated to finish construction of its Moses Lake, Washington plant in
Hey, tech detox enthusiasts! If you’re tired of your phone being smarter than you, meet the Light Phone III. It’s a minimalist marvel with an OLED screen and a camera but no social media, internet, or email. It’s like going back to the Stone Age but with a fancy screen. My latest video has a
Reddit is taking a stand against AI companies — or at least asking them to pay up. Earlier this week, Reddit announced that it’s changing its Robots Exclusion Protocol, also known as its robots.txt file. This dry-sounding edit is part of a larger negotiation/battle between the AI companies that are hungry for content they can
The generative AI boom is driving the demand for AI chips, which are purpose-built to train and run generative AI models. And major players, from VCs to startups, are scrambling to get in on the ground floor. SoftBank’s Masayoshi Son is reportedly looking to raise $100 billion for a chip initiative that would compete with
TechCrunch is joining forces with Google Cloud as its lead partner for Startup Battlefield 200. This event will highlight and support the most promising startups from around the globe at TechCrunch Disrupt 2024, which will take place in San Francisco from October 28-30. At the heart of this collaboration is a shared vision of fostering
Outside of AI, few startups have drawn venture investments like climate tech. And like AI, companies in the sector need large infusions of cash, sometimes well beyond what a typical venture investor might offer, to reach a size where they’ll be able to make a mark. A new deal involving Rondo Energy, which makes thermal energy
Reliance Jio, India’s largest telecoms operator, has initiated what analysts expect to be an industry-wide increase in tariffs in the world’s second largest wireless market, raising some of its plans by more than 20%. Jio’s revised pricing structure, effective July 3, sees its entry-level Rs 155 ($1.87) plan, offering 2GB of data and unlimited calls,
When Napster emerged in the late 1990s, it made it easy for people to grab music files without compensating the content owners. The iPod and the iTunes music store changed that by allowing artists or publishers to get paid for reusing their content in a digital context. Fast-forward to today, and there are companies scraping
What is AI good for? Automating repetitive tasks for the very busy people running small businesses, reckons Berlin-based startup Synthflow, which is announcing a $7.4 million seed round for its SME-focused no code platform for AI voice assistance. Since being founded around spring last year, the startup has now banked a total of $9.1 million,
Formation Bio, a startup focused on applying AI to drug development with backing from OpenAI CEO Sam Altman, has raised over a quarter-billion dollars to support its ambitious product roadmap. Formation announced Wednesday that it raised $372 million in a Series D funding round led by Andreessen Horowitz with participation from drug maker Sanofi, Sequoia,
Can chatbots replace human therapists? Some startups — and patients — claim that they can. But it’s not exactly settled science. One study found that 80% of people who’ve used OpenAI’s ChatGPT for mental health advice consider it a good alternative to regular therapy, while a separate report found that chatbots can be effective in
You can barely go an hour these days without reading about generative AI. While we are still in the embryonic phase of what some have dubbed the “steam engine” of the fourth industrial revolution, there’s little doubt that “GenAI” is shaping up to transform just about every industry — from finance and health care to
The European Union has announced the winners of a “Large AI Grand Challenge” it kicked off earlier this year in a bid to accelerate the pace of homegrown innovation by large-scale AI model makers. Four startups will share €1 million in prize money and — perhaps more importantly — eight million GPU hours to train
Tengo uses AI to find, evaluate and respond to public tenders. It’s a software-as-a-service tool that helps companies handle public tenders at scale — a bit like Govly in the U.S. Originally created within the startup studio Hexa, the startup has raised a €3 million funding round led by Point Nine ($3.2 million at current
Stability AI, the beleaguered generative AI startup behind Stable Diffusion, has raised new cash. But it won’t reveal how much. Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O’Shaughnessy Ventures and angel investors Prem Akkaraju, ex-Google CEO Eric Schmidt, Robert Nelsen and Napster founder and ex-Facebook exec Sean Parker have injected fresh capital into Stability,
When it comes to building software for climate tech, you probably want to build something in the general vicinity of carbon accounting, given that the hottest software platforms in the space have something to do with either accounting, offsets, removals, or regulatory disclosure. For instance, New York’s Persefoni (accounting) raised $164.2 million to date, Plan
Like many AI companies, Udio and Suno relied on large-scale theft to create their generative AI models. This they have as much as admitted, even before the music industry’s new lawsuits against them have gone before a judge. If it goes before a jury, the trial could be both a damaging exposé and a highly
On Monday, Fearless Fund’s cofounder Ayana Parsons announced that she was stepping down from her leadership role from the firm. She will no longer be its general partner and COO but will be off “enjoying island life” with her family, she said in a LinkedIn post. She cofounded the fund in 2019 with partner Arian
In the post-COVID world, VCs say it’s not as easy to get excited about investing in digital health. Deal activity in healthcare IT was relatively flat in Q1 2024 at 74 total deals, valued at about $1 billion total, up only 3% from the year-ago quarter, according to PitchBook data. Still, promising startups have grabbed
Smart ring makers Oura and Circular Tuesday announced a settlement in an ongoing patent suit. The agreed-upon terms find the French company entering into a multi-year agreement with Oura, wherein it will license the market leader’s intellectual property for devices sold in the U.S. Financial details of the agreement have been kept confidential. Oura has
Once upon a time, in a galaxy not so far away (this one, in fact), a few internet rebels decided that they were tired of the corporate overlords controlling their online lives. Thus, the fediverse was born — an attempt to wrest control of microblogging services, such as Twitter and its ilk, away from centralized
Popular productivity tool Notion has long allowed its users to make any of their pages public. Now, the company is expanding on this with the launch of Notion Sites, which adds several new features to its existing publishing tools. For the most part, these are pretty straightforward, but together, they do make for a more
Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade. Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at Seamless before heading up sales at ServiceTitan, a web-based
Ashley Beckwith spent years of her academic and professional career focused on the intersection of biology, materials and manufacturing to build medical solutions more efficiently. When she realized the tech could be applied to plants and plant-based materials, an area that desperately needed it, she decided to switch gears. “Life on earth is only as
Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young Belgium-based startup just raised a €2.3 million seed round ($2.5 million at today’s exchange rate). Many fintech startups rely on integrations to make their product
Zyod is an Indian startup offering its tech platform to global fashion brands to help them in their entire design-to-delivery process. It has raised $18 million in a new funding round to expand its presence to more than 40 countries worldwide. The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for
OpenAI is on an M&A tear. Days after acquiring database tech firm Rockset, OpenAI has purchased Multi (previously Remotion), a startup developing a enterprise-focused, video-first collaboration platform. A source familiar with the matter says that the deal is technically an acquihire and that most of Multi’s team — around five people — will join OpenAI
Yet another generative AI venture has raised a bundle of money. And, like the others before it, it’s promising the moon. Emergence, whose co-founders include Satya Nitta, the former head of global AI solutions at IBM’s research division, on Monday emerged from stealth with $97.2 million in funding from Learn Capital plus credit lines totaling
Consumer technology is hard, but few people have mastered it as well as Matt Rogers, co-founder of Nest and now Mill, his new startup that promises to turn your table scraps into planet-saving treasure. Mill burst out of the gate last year after spending some time in stealth refining its waste bin, an easy to
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