Gateway Capital Closes First $25M Tranche of Fund II
Gateway Capital just hit a milestone that signals the Midwest startup scene isn’t slowing down. The Milwaukee-based venture firm founded…
Tag: tech news
Money Transfer App Duc Exposes Thousands of IDs on Open Server
A Canadian money transfer app left thousands of sensitive identity documents exposed on the open internet, allowing anyone to access…
Rivian defies EV slump with 20% sales jump
Rivian just proved that reports of the EV industry’s demise may be premature. The electric vehicle startup posted a 20%…
Defense tech startup Saronic raises $1.75B for autonomous warships
Saronic just landed one of the largest defense tech funding rounds in history. The autonomous ship startup raised $1.75 billion…
Lucid recalls 4,000+ Gravity SUVs over seat belt defect
Lucid Motors is recalling more than 4,000 Gravity SUVs over improperly welded seat belts, marking another quality setback for the…
Shield AI Hits $12.7B Valuation After Air Force Win
Shield AI just became one of the most valuable defense tech startups in the world. The San Diego-based company hit…
VITL raises $7.5M to power GLP-1 prescriptions at cash-pay clinics
The GLP-1 gold rush just got a new infrastructure player. VITL, a startup building e-prescribing software for cash-pay clinics and…
Harvey hits $11B valuation as VCs pivot to AI apps
Legal AI startup Harvey just closed a $200 million funding round at an $11 billion valuation, marking one of the…
AI Startups Capture Record 41% of $128B Venture Haul
The Buzz ■ AI startups captured 41% of $128 billion in VC funding tracked by Carta last year, a record-high…
Fervo Energy Secures Major Loan, Signals Geothermal’s Big Bet
The Buzz ■ Fervo Energy landed a major loan facility with favorable terms according to TechCrunch ■ The financing structure…
OpenAI Acquires Developer Tooling Startup Astral for Codex
The Buzz ■ OpenAI is acquiring developer tooling startup Astral to strengthen its Codex team, according to CNBC ■ The…
Microsoft Acqui-Hires Sequoia-Backed Cove in AI Talent Grab
The Buzz ■ Sequoia-backed AI collaboration startup Cove is shutting down after its team joined Microsoft, according to TechCrunch ■…
Fuse raises $25M to replace aging credit union loan systems
The Buzz ■ Fuse raises $25M Series A led by Footwork Ventures and Primary Ventures to modernize credit union loan…
Google, Accel reject 70% of AI startups as ‘wrappers’
Google and Accel just drew a hard line in the AI startup gold rush. After reviewing over 4,000 applications for…
Unacademy’s $3B Crash Ends in upGrad Acquisition
India’s edtech bubble just claimed its biggest casualty. Unacademy, once valued at $3.5 billion during the pandemic boom, is being…
Rivian CEO launches Mind Robotics with contrarian vision
The Buzz ■ Rivian CEO RJ Scaringe launches Mind Robotics, a new startup challenging conventional robotics development according to TechCrunch…
Anduril Lands $20B Army Contract, Biggest Defense Tech Deal Yet
The Buzz ■ US Army awards Anduril contract worth up to $20B, the largest single defense tech deal on record…
Rivian’s R2 SUV: A $50K Bet on Survival
The Buzz ■ Rivian unveiled the R2 midsize SUV with pricing starting under $50,000, according to The Verge ■ The…