Fundraising

Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch

Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly raised funds come a little […]

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Adept Materials’ dehumidifying paint was inspired by trees and semiconductors

The steam that condenses on your bathroom mirror may not seem like a big deal, but for architects and builders, it can be an enormous headache. “Moisture control is something that is a major pain point,” Derek Stein, founder and CEO of Adept Materials. “If you just google your favorite home builders’ name and then

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Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch

Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races towards a driverless commercial launch by the end of 2024.  Aurora, which went public in 2021 through a special purpose acquisition merger, is pursuing a driver-as-a-service model, wherein carriers purchase trucks with the Aurora Driver tech on

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Global startup funding is picking up with AI still in the spotlight

Global startup funding was up 16% in the second quarter, according to Crunchbase data, led by an uptick in mega-rounds. That increase was led, unsurprisingly, by the AI sector. Funding to companies in AI made up 30% of all dollars invested and actually doubled quarter over quarter to $24 billion. On today’s episode of TechCrunch’s

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Lineaje raises $20M to help organizations combat software supply chain threats

The software supply chain faces threats from all sides. A 2024 report by the Ponemon Institute found that over half of organizations have experienced a software supply chain attack, with 54% having experienced one within the past year. Supply chain attacks typically target services from third-party vendors or open source software that make up a

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FranShares has a new approach to passive income, letting people invest in franchises for as little as $500

Historically, passive income has been associated with investing in real estate such as rental properties. FranShares is a Chicago-based startup that wants to offer investors another form of passive income: the chance to invest in franchises for as little as $500.  For the unacquainted, a franchisor is a party that owns and licenses a franchise

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Fertility tracking app Flo Health raises $200M at a $1B+ valuation

Femtech, or tech that leverages innovations in AI, smartphones and connected wearables to give women more insights into reproductive and menstrual health, continues to gain momentum with users, and investors are following.  London-based Flo Health, a fertility-focused period-tracking app, on Tuesday said it has raised a $200 million Series C from General Atlantic. The funding

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Packing travel insurance products into an app helped FAYE to a $31M Series B

We’ve been covering US-based Insurtech startup FAYE way back since 2022 with its Seed round, and the Series A round in 2023, and it seems they continue to be on a roll, today announcing a $31 million in Series B funding. What is keeping this online insurance company on the rise?  Well, it would appear

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Canva acquires Leonardo.ai to boost its generative AI efforts

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to deepen its investments in its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will

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