Fundraising

Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B

Fundraising /

Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion, a considerable decrease from its approximately $9 billion valuation set in 2021, according to Bloomberg. The London-based company offers a range of financial services like payments, mobile wallets, money transfers, card […]

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Laurene Powell Jobs joins Amazon in backing nuclear startup X-Energy in $700M round

Fundraising /

Nuclear startup X-Energy has added $200 million to an existing $500 million Series C round. The small module reactor specialist previously announced a deal with Amazon in October, which included an investment and development agreements to build 300 megawatts worth of nuclear power plants in the Pacific Northwest. New investors in the round include Ares

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Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’

Fundraising /

Superlogic, a startup that helps give consumers a way to apply rewards points toward experiences, has raised $13.7 million at a $200 million valuation, the company tells TechCrunch exclusively. Lin Dai, CEO and co-founder of Miami-based Superlogic, said his company’s technology is designed to “enhance the value of rewards points” by giving consumers a broader

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Pendulum’s AI-driven platform helps enterprises better predict supply and demand

Fundraising /

Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as consumer demands change at the same rapid pace. Pendulum aims to help companies better plan for supply and demand in

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Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

Fundraising /

The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany called Avelios has ambitions to build a new kind of end-to-end administrative system, leaning into more modern tooling using AI and

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Aiming to accelerate product design with AI, Trace.Space raises a seed round

Fundraising /

Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally deployed, but now startups are joining the arena, powered by generative AI. One such is Trace.Space, coming out of Riga,

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XOi raises $230M, acquires Specifx to expand its tech for field service technicians

Fundraising /

Field service engineers may not be the first group of customers that come to mind when you think about lucrative opportunities in B2B technology. But that same blind spot speaks of the opportunity in the space for those who are stepping up and targeting “the job site.” One of the players in that space, XOi 

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Modern Synthesis is making compostable materials that last a lifetime

Fundraising /

Jen Keane’s claim to fame is that she grew a shoe using bacteria, coaxing the microbes to deposit their nanocellulosic materials in the shape of a sneaker. But she’s kind of over that. “I feel like that sort of misses the point,” she told TechCrunch. “The fiber produced by bacteria — like, that’s not a

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