At a time when companies are shuttering their cloud and ghost kitchens, Local Kitchens is proving its tech-enabled multi-brand restaurant concept is a business model that can work. And it grabbed $40 million in new Series B funding for its efforts. Jon Goldsmith, Jordan Bramble and Andrew Munday, all former DoorDashers, started the San Francisco-based […]
H Venture Partners is launching a venture studio that will focus on sourcing microbiome technologies and materials that can be commercialized and turned into startups. The firm said on Friday that it will source talent who can solve health problems like depression, cancer, eczema and neurodegenerative diseases. This expansion is in part funded by H
H Venture Partners launches venture studio focused on microbiome tech Read More »
Yet another generative AI venture has raised a bundle of money. And, like the others before it, it’s promising the moon. Emergence, whose co-founders include Satya Nitta, the former head of global AI solutions at IBM’s research division, on Monday emerged from stealth with $97.2 million in funding from Learn Capital plus credit lines totaling
Emergence thinks it can crack the AI agent code Read More »
Just a few weeks ago, 18-year-old best friends Christopher Fitzgerald and Nicholas Van Landschoot graduated from high school. While most teens their age would be living it up in their last summer before college or the adult jobs that await them, Fitzgerald and Van Landschoot are hunkered down in a VC office in Boulder, Colorado.
How 2 high school teens raised a $500K seed round for their API startup (yes, it’s AI) Read More »
The majority of companies struggle to extract value from their data. Several years ago, Forrester reported that between 60% and 73% of data belonging to the average business goes unused for analytics. That’s because the data’s siloed or otherwise pigeonholed by technical and security considerations, making it difficult — if not impossible — to apply analytical tools.
OmniAI transforms business data for AI Read More »
OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”
OpenAI buys Rockset to bolster its enterprise AI Read More »
Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the fundraising market’s frost the most, some emerging VCs like A* have enough name recognition, and a good enough track record, to still find success. A*,
Kevin Hartz’s A* raises its second oversubscribed fund in three years Read More »
Robotics funding has broadly cooled off since its 2021-2022 peaks, but plenty of the issues exposed by the pandemic remain firmly in place. The biggest push behind venture funding in the category is an ongoing labor shortage. Analyst firm Garner forecasts that by 2028, half of large enterprise companies will employ robots in their warehouse
Labor shortages are still fueling growth at automation firms like GrayMatter Read More »
Gynger, a platform that lends capital to companies for technology purchases, has raised $20 million in a Series A round led by PayPal Ventures, it told TechCrunch exclusively. The financing brings the New York-based startup’s total venture capital raised to $31.7 million and included participation from Gradient Ventures (Google’s AI-focused venture fund), Velvet Sea Ventures,
For retailers, e-commerce is a bit of a puzzle at the moment. Online shopping trends are expected to stay strong this year, so companies can’t afford to curtail their e-commerce budgets, but at the same time, e-commerce is more fragmented than ever before. There is a seemingly endless number of avenues to exploit — from
