Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $6.6 billion round.) And $2.9 billion of that funding went to U.S.-based […]
Investments in generative AI startups topped $3.9B in Q3 2024 Read More »
Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $1.7 billion. It’s unclear how much of
Acrew Capital hits five years, raises $700m Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought us some exciting fundraising news from around the world, and even some exits. But if you are looking for tech IPOs, you will have
Investors bet on the power of light, diamonds in the trash, and more Read More »
Today on TechCrunch’s Equity podcast, Devin Coldewey, Margaux MacColl and Anthony Ha are rounding up the week’s startup and venture news, kicking things off with a look at the $400 million raised by Lightmatter, and the importance of fast networking within the fast growing datacenter industry today — not just in years to come —
Investor FOMO returns, and what happened with WordPress and WP Engine? Read More »
Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He
Former watch trader is now building the AWS of grid storage, Terralyr Read More »
Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He
Former watch trader is now building the AWS of grid storage, Terralayr Read More »
The private equity realm has been pretty active so far in 2024, serving as a powerful “alternative” source of liquidity for technology startups and scale-ups in search of an exit. In August, TechCrunch reported that EQT had picked up a majority stake in cybersecurity firm Acronis at a valuation of around $4 billion, following in
The 14 biggest take-private PE acquisitions so far this year in tech Read More »
TechCrunch Disrupt 2024 is just a week away. Our beefed-up Startup Battlefield 200 is a major highlight. Two hundred companies have been hand-selected by the TechCrunch editorial staff to grace the expo hall, 20 of which will launch their company for the first time live on our stage. Nail-biting pitches live on the Disrupt Stage,
The top VCs to judge the Startup Battlefield Final at Disrupt 2024 Read More »
Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific markets or completely shut down due to issues like harsh regulatory environment, macros or downright mismanagement. The boost involves Yellow Card, the U.S.-founded crypto platform launched in Nigeria in 2019, which
Amazon today became the latest big tech company to throw its weight behind nuclear power, joining Microsoft and Google, which both previously announced long-term promises to buy nuclear power from startups to power their data centers. The company revealed three deals, including an investment in startup X-Energy and two development agreements that aim to add
