Stripe Hits $159B Valuation After Employee Tender Offer
Stripe just became one of the world’s most valuable private companies at a $159 billion valuation following a tender offer…
Tag: tech news
Stripe, PayPal Back India’s Xflow in $16.6M Cross-Border Bet
India’s cross-border payment infrastructure just got a major vote of confidence from two of the world’s biggest payment players. Xflow,…
Canva Snaps Up Two Startups as Software Stocks Crater
The Buzz ■ Canva acquires motion graphics platform Cavalry and video ad startup MangoAI in dual deal, per CNBC reporting…
Google VP: Two AI startup models face extinction
The Buzz ■ Google Cloud VP Darren Mowry warns LLM wrapper and aggregator startups face mounting viability challenges according to…
InScope raises $14.5M to automate financial reporting with AI
The Buzz ■ InScope raises $14.5M Series A led by Norwest Venture Partners to automate financial statement preparation with AI…
Lucid Motors Cuts 12% of Workforce in Profitability Push
The Buzz ■ Lucid Motors is cutting 12% of its workforce, affecting hundreds of US employees per internal memo via…
OpenAI Alumni Launch 18 Startups, Reshaping AI Landscape
The Buzz ■ 18 startups have been founded by OpenAI alumni, including major players like Anthropic and Perplexity, according to…
General Catalyst pledges $5B to India, 5x jump from prior plan
The Buzz ■ General Catalyst commits $5 billion to India over five years, up from $500M-$1B earlier target ■ Announcement…
Nvidia Courts India’s AI Founders Through Early-Stage Ecosystem Push
Nvidia is making a strategic bet on India’s burgeoning AI startup scene, forging partnerships with investors, venture firms, and nonprofits…
Startup CEOs Push Back on AI Job Doom at Web Summit
The Buzz ■ Read AI and Lucidya CEOs told TechCrunch at Web Summit Qatar that AI replaces tasks, not workers…
Code Metal Raises $125M Series B for AI-Powered Defense Code Overhaul
Code Metal, a Boston-based defense tech startup, just closed a $125 million Series B to tackle one of the Pentagon’s…
Block’s Rolling Layoffs Expose AI-Driven Workforce Shift
The Buzz ■ Block implements rolling layoffs while mandating daily AI tool usage across workforce, according to employee accounts via…
Google Cloud VP warns startups on infrastructure debt trap
The Buzz ■ Google Cloud VP warns startup founders about infrastructure ‘check engine light’ moments in TechCrunch video interview ■…
Ex-Tesla VP Drew Baglino raises $140M for grid tech startup
The Buzz ■ Heron Power raises $140M to build giga-scale factory for electrical grid technology, per TechCrunch ■ Founded by…
Meta Study: India’s AI Market Set to Hit $32B by 2031
Meta is betting big on India’s open source AI revolution. New research released today by the Linux Foundation in partnership…
Nvidia Taps Indian VCs to Scout Next AI Unicorns
Nvidia is making a calculated bet on India’s AI startup scene, forging partnerships with local venture capital firms to identify…
Climactic Launches Hybrid Fund to Bridge Climate Startup Gap
The Buzz ■ Climactic launches Material Scale, a hybrid fund targeting climate tech startups navigating the scaling phase between early…
a16z Partner Reveals Speedrun Accelerator Application Tips
The Buzz ■ Andreessen Horowitz partner Joshua Lu shared exclusive tips with TechCrunch on standing out in Speedrun applications ■…