Fundraising

Karman Industries hopes its SpaceX-inspired heat pumps will replace industrial boilers

Fundraising /

Industrial heat, which is used by companies as diverse as breweries and food processors to chemical manufacturers and paper mills, is one of the last bastions of fossil fuels. After all, it’s pretty hard to beat a flame when you need to heat something up. But recently, a slew of startups have started exploring ways […]

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Brightband sees a bright (and open-source) future for AI-powered weather forecasting

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With an explosion of weather and climate data that the last generation of tools can’t handle, is AI the future of forecasting? Research certainly suggests so, and a newly funded startup called Brightband is taking a shot at turning machine learning forecast models into both a business and open source standard. Today’s weather prediction and

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Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others

Fundraising /

Fal.ai, a dev-focused platform for AI-generated audio, video, and images, today revealed that it’s raised $23 million in funding from investors including Andreessen Horowitz (a16z), Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas. It’s a two-round deal. $14 million of Fal’s total came from a Series A tranche led by Kindred Ventures.

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Era Ventures raises $88M first fund for transforming the “built” environment

Fundraising /

The real estate market and many real estate-focused startups were hit hard when mortgage rates skyrocketed in 2022, but that didn’t stop industry veteran Clelia Warburg Peters from leaving her role as a venture partner at Bain Capital Ventures to launch her own proptech venture firm. Peters, unlike many other specialist proptech funds, invests in

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The 22-year-old building Roblox developer tools to make gaming more efficient

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Zander Brumbaugh discovered Roblox when he was 12.  Quickly, he went from playing on the platform to creating his own user-generated content and games. “The games I self-developed have garnered over 500 million visits, with titles peaking at over 80,000 concurrent users,” he told TechCrunch.  Brumbaugh noticed that Roblox still needed developer tools, such as

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BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund

Fundraising /

Investment powerhouse BlackRock is set to launch a massive AI-focused investment fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI.

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Workday acquires AI-powered document platform Evisort

Fundraising /

Workday today announced it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s tech will enable Workday to add a range of AI-powered document processing tools to its existing finance and HR software. “Evisort will help us deliver on our

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Hgen draws on lessons from Tesla and SpaceX to drive down the cost of hydrogen 

Fundraising /

Hydrogen might be touted as a fuel of the future that stands ready to decarbonize shipping and industry, but for the 90 million metric tons used today in everything from fertilizer production and chemical manufacturing, 96% is derived directly from natural gas, oil, or coal. For instance, one of the most common ways is through

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AI coding assistant Supermaven raises cash from OpenAI and Perplexity co-founders

Fundraising /

Jacob Jackson was all-in on AI early in his career. Jackson co-founded Tabnine, the AI coding assistant that went on to raise close to $60 million in venture backing, while still a computer science student at the University of Waterloo. After selling Tabnine to Codata in 2019 (during his final exams), Jackson joined OpenAI as

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Howbout raises $8M from Goodwater to build a calendar that you can share with your friends

Fundraising /

There are plenty of calendar and scheduling apps that take care of your professional life and help you slot in meetings with your teammates and work collaborators. Howbout is all about finding time with your friends to catch up. The company is banking on the fact that some Gen Z users are very happy to

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