Fundraising

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

Fundraising /

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

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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

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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 

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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

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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

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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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Why Y Combinator companies are flocking to banking and HR startup Every

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Rajeev Behera’s new all-in-one HR startup, dubbed Every, is either brilliant or crazy. Crazy because multi-module HR software that does payroll, onboarding, and spend management for small businesses is already a jam-packed market. Competitors include unicorn startups Gusto, Rippling, and Deel; incumbents that are strong in one area and are expanding into others like Mercury and

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After using a business coach to shift careers, AceUp founder wants to drive coaching based on data

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Is a business coach really worth the investment? Execs often seek coaches to bolster aspects of their work, like communication skills and their productivity. At least anecdotally, these skills do appear to get better with coaching — a survey from the nonprofit International Coach Federation found that 80% of execs who hired a coach saw

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Novatus nabs $40M to help financial institutions quell their RegTech nightmares

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Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them. This was a fact known all too well by Andrew Hedley. Working in the area of risk at

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Paymob, started by three college friends, lands another $22 million and is profitable in Egypt

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Not many ecosystems outside of Silicon Valley can boast successful tech startups launched by founders while still in school or shortly after dropping out. So, when such events occur in regions like the Middle East or Africa, the companies are worth paying attention to.  A decade ago, Islam Shawky, Alain El Hajj, and Mostafa Menessy,

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