Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Startup life is a story of births and deaths. This week confirmed this, and it confirmed that unicorn rounds are not dead. Most interesting startup stories from
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The CEO of Clearview AI, the controversial facial recognition startup that created a searchable database of 30 billion photos by scraping the internet, has resigned, according to a statement he supplied to TechCrunch. The CEO, Hoan Ton-That, said “it is time for the next chapter in my life” and that he would remain on as
A couple of weeks after the initial release of Mistral’s AI assistant, Le Chat, the company told Le Parisien that it has reached one million downloads. In particular, Le Chat quickly reached the top spot for free downloads on the iOS App Store in the company’s home country, France. “Go and download Le Chat, which
The demand for voice and speech recognition technologies is massive — and growing. An analysis by market research firm Markets and Markets found that the sector could be worth over $28.1 billion by 2027. There’s no shortage of vendors providing voice and speech recognition solutions, but some newer upstarts have managed to carve out niches.
For decades, couples going through in vitro fertilization have had to spend tens of thousands of dollars on the procedures with no guarantee of success. It’s not only an emotionally draining process, but a financially exhausting one as well. San Francisco-based startup Future Family wants to help ease some of that burden for couples with
Creating corporate training videos for software is a time-consuming ordeal, especially if you’re an organization with a lot of software licenses. Training videos can help get employees up to speed, but they’re a big lift. They often take entire teams to produce. Tel Aviv-based entrepreneur Yoav Einav thought there might be an alternative, cheaper way
Monolinguists wanting to communicate with the global masses have never had it so easy. Trusty old Google Translate can convert the content of images, audio, and entire websites across hundreds of languages, while newer tools such as ChatGPT also serve as handy pocket translators. On the back end, DeepL and ElevenLabs have have reached lofty
Former OpenAI CTO Mira Murati has announced her new startup. Unsurprisingly, it’s focused on AI. Called Thinking Machines Lab, the startup, which came out of stealth today, intends to build tooling to “make AI work for [people’s] unique needs and goals,” and to create AI systems that are “more widely understood, customizable, and generally capable”
The next frontier for large language models (LLMs), one of the key technologies underpinning the boom in generative AI tools, might be geographical. On Monday, Paris-based AI startup Mistral — which is vying to rival the likes of U.S.-based Anthropic and OpenAI — is releasing a model that’s a bit different from its usual LLM.
Perplexity has become the latest AI company to release an in-depth research tool, with a new feature announced Friday. Google unveiled a similar feature for its Gemini AI platform in December. Then OpenAI launched its own research agent earlier this month. All three companies even have given the feature the same name: Deep Research. The
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week confirmed that even when current events cloud the outlook, some startups still manage to raise significant amounts of funding, with those tied to security and
Elon Musk’s AI company, xAI, is said to be in talks to raise $10 billion in a round that would value xAI at $75 billion. Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to $22.4 billion,
Is your pre-Series A startup solving big problems with game-changing potential? Do you have the drive to compete against the world’s top early-stage startups? Or know a founder whose vision deserves to be seen? TechCrunch’s Startup Battlefield 200 is where the most innovative early-stage startups battle it out in front of world-renowned VC judges in
When EJ Cho started his first company in 2018, he was exposed to what it takes to market a product. He was surprised to find a market filled with different single-use tools. “It was a very frustrating experience,” Cho told TechCrunch. “I had to learn and juggle all these different tools. It felt like a
Apptronik, a University of Texas spin-out that was quietly building humanoid robots before it became quite so fashionable, on Thursday announced a $350 million Series A round of financing. B Capital and Capital Factory co-led the round, which also featured participation from Google, whose DeepMind division is partnering with Apptronik to deliver embodied AI for
With over 1,000 insurance companies in the U.S., figuring out how to get paid by each company is a complex challenge for doctors and hospitals. Each insurance may require slightly different information on medical claims, even for the same procedure. Incorrectly filed claims can lead to denied coverage, requiring manual resubmission and delayed payments. According
Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has acquired software security review startup SafeBase for $250 million. SafeBase co-founders Al Yang (CEO) and Adar Arnon (CTO) will retain their roles, and SafeBase will continue to offer a stand-alone product while bringing its core solutions to
Quantum computing, long relegated to the realm of the theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive race for even more computing power. On the heels of some notable advancements in quantum chips and error correction (two key hurdles for quantum computing), a startup out of
Rebuilding after a wildfire isn’t cheap. The recent Los Angeles wildfires, for example, incurred up to $164 billion in property and capital losses. But restoring the forest isn’t, either, with a few thousand acres running a couple million dollars, Grant Canary, co-founder and CEO of Mast Reforestation, told TechCrunch. “If you’re a land owner and
On Monday, Elon Musk, the world’s richest man, offered to buy the nonprofit that effectively governs OpenAI for $97.4 billion. The unsolicited buyout would be financed by Musk’s AI company, xAI, and a consortium of outside investors, per a letter sent to California and Delaware’s attorneys general. OpenAI CEO Sam Altman quickly dismissed Musk’s bid,
As Africa’s tech ecosystem booms, more people from the region are landing remote jobs with big tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers — they struggle to open accounts that accept U.S. dollars, face slow invoicing and payment processes, and it doesn’t help
Cap table management firm Carta made headlines in 2020 when its former marketing VP Emily Kramer filed a lawsuit alleging gender discrimination and retaliation. That case was settled in 2023. But since then, Carta has settled two other lawsuits filed by women who worked at the firm and alleged sexual harassment and discrimination, legal filings
Hundreds of heads of states, tech CEOs, and nonprofits have flocked to Paris for the Artificial Intelligence Action Summit. So far, the winner of this week’s diplomatic and business parade seems to be Mistral. In business lingo, we would say that the French AI unicorn is experiencing tailwinds. Mistral has been one of the leading
The GenAI boom of the last few years has unleashed a wave of startups promising to support the process of prompt engineering — i.e., coming up with instructions to precisely steer an AI chatbot to serve useful output. So think tools like OpenAI’s ChatGPT and Google’s Gemini, which present the user with a blank field
Safe Superintelligence, the AI startup founded by former OpenAI chief scientist Ilya Sutskever, is in talks to raise funding at a valuation of “at least” $20 billion, according to Reuters. It’s not clear how much Safe Superintelligence — which has yet to generate any revenue — is looking to secure, but it could be substantial.
A number of startups are racing to make vehicle inspections faster, easier, and cheaper. Self Inspection, a startup based in San Diego, thinks it has them all beat with its AI-powered service — and now it has convinced outside investors. Self Inspection, founded in 2021, is set to announce Thursday it’s raised $3 million in
Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as consumer demands change at the same rapid pace. Pendulum aims to help companies better plan for supply and demand in
TrueFoundry, a startup run by a group of former Meta engineers to help enterprises deploy AI systems at scale, has raised $19 million in fresh investment led by Intel Capital. With GenAI’s emergence following the launch of ChatGPT in November 2022, enterprises of all sizes have looked at ways they could embrace AI. But GenAI
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