While online discourse would make it seem that venture has retreated to the Bay Area, with San Francisco being the most important place to build a startup, Index Ventures is looking to bulk up its New York-based investing team. The firm is currently looking to hire another New York-based investor with plans to add three
EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer. Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who
WordPress.org has lifted its ban on hosting provider WP Engine until October 1, after putting a block on it earlier this week. The block prevented several sites from updating their plug-ins and themes and exposing them to potential security risk. WordPress co-founder Matt Mullenweg, who has been in a tussle with WP Engine for over
This episode of Equity had so many themes: VC karaoke, the SpaceX economy, no moats for AI, OpenAI versus open source. You know it’s going to be good when the conversation between host Kirsten Korosec and fellow TCers Devin Coldewey and Margaux MacColl starts with the evergreen question: Is it ever OK to use a
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 was a busy one for the startup and VC world, with its fair share of funding news and, of course, the latest edition of YC’s
Wordy is a new iOS app that offers a unique way to learning English. The app automatically translates and defines unknown words while you watch your favorite movies or TV shows. Wordy has over 500,000 titles available, including popular series such as HBO’s “The Penguin” and the new Disney+ show, “Agatha All Along.” Created by
UAE-based Redwood has acquired a majority stake in the game streaming platform Loco as the Indian firm looks to expand focus to international markets, TechCrunch has learned and confirmed. Redwood, a newly-formed investment firm, has signed a $65 million deal with Loco, an investment that also gives full exit to all existing Loco backers. This
Silicon Valley accelerator Y Combinator held the second Demo Day for its Summer 2024 cohort on Thursday, and just like we saw on Day 1, AI remains the focus of most startups in this cohort. However, we did also find a few interesting startups that are working on cool tech like drones that can’t be
We’re thrilled to announce that the agenda for our dedicated AI Stage presented by Google Cloud to TechCrunch Disrupt 2024 is complete and ready to go! It joins fintech, SaaS, and space as the other industry-focused stages — all under one big roof. We couldn’t possibly host TechCrunch Disrupt 2024 without a huge deep dive
As OpenAI boasts about its o1 model’s increased thoughtfulness, small, self-funded startup Nomi AI is building the same kind of technology. Unlike the broad generalist ChatGPT, which slows down to think through anything from math problems or historical research, Nomi niches down on a specific use case: AI companions. Now, Nomi’s already-sophisticated chatbots take additional
Funding for green hydrogen startups — particularly at the growth stage — has dipped. Hydrogen plants and fueling stations across the U.S. have shut down. And automakers and governments seem to be on the battery electric vehicle (BEV) buzz. And yet, BMW recently announced plans to work with Toyota to develop a hydrogen fuel-cell consumer
AI video generators need to believe that filmmakers will use their models in the production process. Otherwise why exist? To jump-start the new AI film ecosystem, Runway has set aside $5 million in cash and more in service credits to fund up to 100 original films. If you’re an AI-curious director, now’s your chance to
On the heels of its earlier $12 million fundraise, subscription management platform RevenueCat has made its first acquisition — and it’s an unusual one. Instead of acquiring a company to add more tools to its platform, it’s buying an app offering subscriptions to “spicy” audiobooks, Dipsea. No, this isn’t a massive pivot for the popular
The world of WordPress, one of the most popular technologies for creating and hosting websites, is going through a very heated controversy. The core issue is the fight between WordPress founder and Automattic CEO Matt Mullenweg and WP Engine, which hosts websites built on WordPress. WordPress technology is open source and free, and it powers
The race for commercial fusion power is heating up. Investors have poured money into fusion startups over the last several years, and one of the more recent beneficiaries of their beneficence is Zap Energy, an Everett, Washington-based startup that’s pursuing a clever approach to harnessing the power of the stars. The company recently closed a
EVA, the platform that connects event bookers with local performers, has secured $2 million in funding as the popularity of in-person events comes back in full force. The round, which the Nashville-based startup says was more than double the target amount, values EVA at $15 million. The recent round is timely as event organizers are
Famed Silicon Valley startup accelerator Y Combinator on Wednesday kicked off its two-day “Demo Day” event that showcases what the most recent YC batch, S24, companies are building. Unsurprisingly, AI companies dominated the day, with startups looking to apply the technology to problems like estate planning and settlements, Elayne; automating clinical trial data, Baseline AI;
A billion dollars of venture capital will be invested into European defense technology in 2024, a first for the continent, and a five-fold increase since 2018. The investment comes as a result of both increasing geopolitical unrest and the brutal invasion of Ukraine by Russia. The data, contained in a new Dealroom report, shows that
When it comes to fusion power, there are two basic approaches: One, create a small star here on Earth that’s held in place by powerful magnetic fields. Two, use intense lasers to make a succession of even smaller stars, but repeat the process several times per second. Moritz von der Linden likes his odds with
When seed-focused Pear VC raised a $432 million fund last year, the firm co-founder Pejman Nozad said that it meant his firm had reached its “own product-market-fit.” That fourth fund was nearly three times larger than its previous $160 million fund. The 11-year-old firm wants to help emerging venture funds follow in Pear’s footsteps. On
Japan has always been a strong market for bringing technology into the experience of consuming food, and now one of the startups leading on this idea is attracting investors from across the ocean. Dinii, which lets diners order food from restaurants and shops through a mobile platform, has raised $48 million (7.46 billion JPY). Bessemer
Toyota Ventures started in 2017 to help startups figure out what the future will look like, with an eye towards ensuring Toyota as an automaker and brand would stay at the forefront of innovation. While the firm initially targeted mobility startups, the crossover into climate tech was a natural progression. Today, Toyota Ventures has over
Hidden among the Meta Connect 2024 hardware announcements comes word that the social media giant is sunsetting two key members of its Quest VR headset line. With the budget Quest 3S now up for preorder, Meta will no longer sell the Quest 2 and Quest Pro once back stock is deleted. The end of the
Back in 2019, Microsoft launched Dapr, a new open-source project that made building event-driven distributed applications easier for developers. Like so many popular open-source projects, Dapr spawned its own ecosystem, especially after Microsoft donated it to the Linux Foundation. And as is also so often the case, some of the creators of Dapr — and
Y Combinator CEO Garry Tan wants to bring the famed accelerator’s Demo Day presentations back as in-person events by the end of the year. During Tan’s opening remarks during Wednesday’s YC summer cohort Demo Day, he said this week’s Demo Day presentations will, “knock on wood,” be the final ones held entirely online. Tan added
As a fuel, hydrogen has a lot going for it. You can burn it for heat to replace coal, you can run it through an electrolyzer to generate electricity, and you can use it to refuel a vehicle as quickly as gasoline or diesel. But it’s challenging to get hydrogen to where it’s needed. As
At its annual Meta Connect event on Wednesday, Meta CEO Mark Zuckerberg announced that the company has rebuilt its social apps for mixed reality. “We’ve got all new Instagram and Facebook experiences to bring your feeds and your Reels with you into mixed reality,” Zuckerberg said. “A really nice interface so you can lean back
Time is running out to grab savings of up to $600 on individual tickets for TechCrunch Disrupt 2024! This limited-time offer ends on September 27 at 11:59 p.m. PT, so now’s your last opportunity to score a great deal before the final countdown begins. Disrupt 2024 is the ultimate gathering for the startup world. From
Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. Munich-based EGYM — a maker of connected fitness equipment and personalized training tech
James McGinniss has been obsessed with decarbonization and the energy grid since he was a high schooler over a decade ago. Now, his startup David Energy has a lofty goal: getting the energy grid to run entirely on clean energy in the next 10 years. Brooklyn-based David Energy is a software-enabled retail energy provider. It
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