Fundraising

VC Sheel Mohnot leads $4.3M seed in automated financial reporting fintech InScope

The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. And yet, when errors are made on financial reports, like the one Lyft had earlier this year, it can have dire consequences for a company. Just ask Lyft. After years of performing reporting […]

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Germany’s Black Semiconductor raises $273M for graphene-based chip tech

Tech sovereignty has become a looming priority for a number of nations these days, and now, with the demand for compute power at its highest level yet, a startup working in semiconductors has received a major boost in aid of that effort for Germany and Europe.   Black Semiconductor, which is developing a new kind of

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Kelvin wants to help save the planet by applying AI to home energy audits

When you’re looking for a startup idea that could slow climate change, you might become an expert at home energy assessments. At least, that’s what happened to the founders of Kelvin, a French startup that is using computer vision and machine learning to make it easier to audit homes for energy efficiency. Clémentine Lalande, Pierre

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Stake raises $14M to bring its fractional property investment platform to Saudi Arabia, Abu Dhabi

The UAE is facing a good problem: Its real estate market is booming, and there is a shortage of buyers. Dubai rents in 2024 jumped 23% year-on-year back up to pre-pandemic levels, and sales are up 18%, according to Deloitte, and this upward trend is set to continue for the coming years. No doubt some

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Fintech Torpago has a unique way to compete with Brex and Ramp: turning banks into customers

Fintechs often give banks a run for their money, pun intended, when it comes to using technology to improve the customer experience. Torpago, a commercial credit card and spend management provider, is no different, but with one caveat — banks are who it builds technology for, particularly community banks. It’s true, Torpago is often grouped

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Taloflow puts AI to work on software vendor selection to reduce cost and save time

Every company, large or small, needs to choose software, and the bigger the company, the more complex the exercise. Some have internal tools and processes to help narrow down the list of possible vendors and eventually make a selection. Others use firms like Gartner or G2 to help guide them through the process. Taloflow, an

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Dive goes cloud-native for its computational fluid dynamics simulation service

Computational Fluid Dynamics (CFD) simulations are complex, computationally expensive and not typically something that startups focus on. But that’s exactly what Boston- and Berlin-based Dive is doing. The company aims to change how manufacturers use computer simulations by both using modern mathematical approaches and cloud computing to disrupt a market that is mostly dominated by

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Insurance provider Understory gets into renewable energy following $15M Series A

Back in 2014, Understory co-founder and CEO Alex Kubicek was on a mission to deploy a network of ground-level weather stations to track weather in real time and anticipate needs, for example, in terms of committing resources to an area after or during a storm. At the time, Kubicek teamed up with Bryan Dow to

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Spend management startup SiFi raises $10M to grow further in Saudi Arabia

The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in this space, but spend management companies have seen demand rise across the world, thanks to increasing internet penetration, tech advancements and businesses’ increasing focus on making sure they spend wisely. Indeed, the space is expected to

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Temasek, Fidelity buy $200M stake in Lenskart at $5B valuation

Temasek and Fidelity have purchased shares worth $200 million in Indian eyewear retailer Lenskart, according to a statement by the startup’s financial advisor, Avendus.  The transaction values Lenskart at $5 billion, the startup’s co-founder and chief executive, Peyush Bansal, told TechCrunch in a text message. Avendus, which also advised selling shareholders on the deal, didn’t name

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