Fundraising

Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets

Fundraising /

Billing itself as “Stripe for emerging markets,” Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process. This round is significant, as Sipay plans to expand into markets outside of Turkey, offering additional services like remittances that Stripe currently does not offer in those […]

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IBM acquires Hakkoda to continue its AI consultancy investment push

Fundraising /

IBM on Monday said it has acquired Hakkoda, a data and AI consultancy based in New York. The acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, and healthcare and life sciences, said Mohamad Ali, SVP and head of IBM’s consulting business,

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OpenAI reportedly mulls buying Jony Ive and Sam Altman’s AI hardware startup

Fundraising /

OpenAI is said to have discussed acquiring the AI hardware startup that former Apple design lead Jony Ive is building with OpenAI CEO Sam Altman. According to The Information, OpenAI could pay around $500 million for the fledgling company, called io Products. Ive, who left Apple in 2019 to start his own design firm called

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Grace raises €5.9 million seed to offer insurance to luxury goods

Fundraising /

Grace, an insurance company for luxury goods, announced a $6.4 million (€5.9 million) seed round led by FinTechCollective and Speedinvest.  Grace, an insurance company for luxury goods, works with luxury brands to protect purchased consumer goods. If an item is stolen or damaged, a consumer can create a claim through the Grace app. For the

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Fourier is making hydrogen electrolyzers inspired by data centers

Fundraising /

Despite being the most abundant element in the universe, making cheap, clean hydrogen here on Earth has been a surprisingly tough nut to crack. “Hydrogen has always been plagued with a couple problems, One is, how do you make it efficiently? Another one is, how do you distribute it efficiently?” Siva Yellamraju, co-founder and CEO

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Lock in $300+ savings for investor and founder tickets for All Stage

Fundraising /

Time’s running out — 4 days left to save over $300 on Founder and Investor Passes for TechCrunch All Stage! Founders, accelerate your journey. Investors, fuel their success. Join us on July 15 at SoWa Power Station in Boston, Massachusetts, for TC All Stage, where 1,200 founders and VCs come together to scale from seed

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OpenAI will reportedly close its SoftBank-led $40 billion round soon

Fundraising /

While you’re busy Ghibli-fying your images with ChatGPT’s new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg. The report noted that other funds, including the hedge fund Magnetar Capital, Coatue Management, Founders

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