Cava boosts IPO valuation to $2.23 bln
U.S. fast-casual restaurant operator Cava Group Inc. announced on Monday that it plans to seek a valuation of up to $2.23 billion in its upcoming …
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Startups
Fusion Raises $20 M for Israeli Startups pre-Seed
Fusion, an accelerator, announced on Thursday that its $20 million fund had successfully closed. Fusion VC backs Israeli entrepreneurs who are creating pre-Seed firms. Since …
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Swedish Entrepreneur Wants Ikea-Like $11,000 Flat-Pack EVs
The Luvly O is what Ikea’s electric vehicle concept would look like. The Swedish company is trying to persuade buyers that small urban EVs are …
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Elizabeth Holmes Begins Her 11-Year Fraud Term
On Tuesday, former Theranos CEO Elizabeth Holmes was taken into custody and transported to a prison in Texas to begin serving an 11-year sentence for …
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AI Startup Figure Raises $70 M For Humanoid Robots
On Wednesday, the startup Figure announced that it has raised $70 million in its first external round of funding from investors led by Parkway Venture …
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Building a Foundation for Smarter Buildings, Spaces and Roadways: AEC Revolutionized via Groundbreaking Tools Using AI and Machine Learning
The adoption of artificial intelligence (AI) is allowing machines to comprehend the nuances of human language while analyzing vast amounts of complex data to quickly …
Obie Raises $25M to Grow Innovative Embedded Insurtech
With participation from Brick and Mortar VC, DivcoWest, and a number of real estate funds and investor organizations, Obie, a leading insurtech firm, announced today …
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Frank, Student Aid Startup Founder, Denies Fraud
On Monday in a New York court, the creator of a student loan aid startup that J.P. Morgan Chase acquired for $175 million two years …
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iOS 16.5 Adds a Sports Tab to Apple News
Apple has just published iOS 16.5, and it seems very minor: the largest new features are probably related to sports news in Apple News. The …
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Wingcopter Gets €40 M for Logistics & Electric Delivery Drones
The European Investment Bank (EIB) will provide a €40 million quasi-equity investment into Wingcopter GmbH, a European leader and pioneer in unmanned delivery drone technology …
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UVeye Raises $100 M Series D for Automated Car Inspection
The automotive technology company UVeye has secured $100 million in Series D funding to continue developing its automated vehicle inspection solutions. New York and Tel …
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Fisker Lowered Ocean EV Production Targets
On Tuesday, the electric vehicle startup Fisker revealed a larger-than-anticipated loss for the first quarter and reduced its production projection for the full year, citing …
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SoftBank’s Vision Fund Suffers $32 Billion Loss as Tech Valuations Plummet
SoftBank’s Vision Fund, the world’s largest technology investment fund, lost $32 billion in the financial year ending March 2023. The loss is the largest ever …
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Nikola And Voltera Form Alliance To Build Hydrogen Fuelling Installations
Through its HYLA brand, Nikola Corporation (Nasdaq: NKLA) is a global leader in zero-emissions transportation and energy supply and infrastructure solutions. Recently, the company announced …
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Brex, a Fintech Business Grew 200% Last Year
Brex, a fintech company, was already a success story, having expanded by 200% in the previous year to serve over 200,000 businesses of all sizes. …
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Apple AirPods Pro 2 at the Lowest Price on Amazon
Here’s some breaking information from BGR’s extensive guide to the lowest prices on Apple products available anywhere online. The price of Apple AirPods Pro 2 …
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Conduit Venture Labs is Led by a Former CEO of Beats by Dre and a Microsoft Veteran
In order to assist in the incubation and launch of hardware-focused firms, two industry veterans have launched a new startup lab. Conduit Venture Labs was …
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Michelle Obama has Introduced a Line of Healthful Snacks and Beverages in an Effort to Wean Kids off Sugar
Ex-First Lady Obama is now working to improve kids’ health. On Wednesday, First Lady Michelle Obama announced the launch of PLEZi Nutrition, a new health-focused …
This Startup Can Fully Charge Electric Vehicles in Just 10 Minutes
A Nissan Leaf was driven into a San Francisco skyscraper on a bright Thursday morning, parked on a platform, and the driver exited the vehicle. …
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How Kristina Simmons, a Seasoned Startup Founder, Used a Spotify Playlist to Raise $20 Million
Kristina Simmons is known to deliver an unusual preparatory document to investors before meetings: a playlist. Timed at exactly one hour and two minutes on …
This Indian Entrepreneur’s Innovative Design For Children’s Shoes That Grow With Their Feet Pays Off Big
For those of you who don’t have kids but know someone who does, here’s a fun fact: it takes at least 15 pairs of shoes …
India Is One Of The World’s Largest Smartphone Markets, And Apple Is Finally Building A Retail Store There
According to a brief statement, Apple is planning to open its first physical store in India, more than 20 years after the corporation originally entered …
This Anti-Aging Biotech Company, Funded By Pedro Pascal, Has Just Raised $10 Million
The old adage says something like, “You can buy anything with enough money, except good health and more years.” Tally Health, a new company, plans …
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Trump’s SPAC Soars 10% After Indictment, Suggesting $100 Million Gain
Investors are optimistic that criminal charges against Donald Trump will help the former president, as they believe this will increase his wealth. The stock price …
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Substack Is Taking Donations From Its Authors In A Unique Way
Substack, a newsletter company that had trouble raising money last year due to a general slump in the tech market, is looking to its team …
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Apple acquires WaveOne, possibly for use in AI-powered video compression
Apple has purchased WaveOne, a video compression algorithm startup based in the United States. The company’s goal was to create compression and decompression tools that …
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$20M is raised by Alex Rodriguez’s ticketing startup
Alex Rodriguez, a former MLB star, and Marc Lore, an entrepreneur, have raised $20 million to launch a new ticketing and fan experience company that …
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Humane, a startup founded by former Apple employees, has raised $241 million without having a single customer
It will still be possible for startups to raise hundreds of millions of dollars in 2023 without demonstrating product market fit. Ex-Apple executives Bethany Bongiorno …
This $1 billion music startup has been backed by Apple and features songs by Snoop Dogg
Larry Jackson was mentored in the record industry by Clive Davis and Jimmy Iovine, two of the industry’s most powerful figures. The former Apple Inc. …
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The actress and investor Gwyneth Paltrow is trying to raise $75 million for a new venture fund
Axios has learned that Kinship Ventures is seeking $75 million for its first fund. Actress Gwyneth Paltrow, who also created the lifestyle brand Goop, and …
USPS is purchasing 9,250 electric vans from Ford
New mail delivery vehicles are not the sole focus of the USPS’s electrification efforts. In December, the first of 9,250 Ford E-Transit electric vans that …
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Funding of $20M for Alex Rodriguez’s ticketing startup
Alex Rodriguez hopes his new business will help solve some of the major problems that have plagued the ticketing industry in recent years. In order …
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The Unnoticed, “Cool Kid” Sneaker You Need in Your Closet
Although pointy stiletto heels and ballet flats have returned to the fall 2023 runways, fashion insiders have their own go-to comfy shoe styles, from Adidas …
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