Startups

Y Combinator backs its first defense startup, Ares Industries

The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a

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Travly lets travelers submit videos for a chance to earn a 5% commission from hotel bookings

Travly is a new social-first discovery and hotel booking platform designed to cater to the growing number of travelers who rely on short-form video content for trip ideas.  The platform features user-generated content that provides authentic reviews of hotels instead of generic information and often outdated images. Creators who submit videos of hotels have the

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TPG nears $150M funding in India’s Eruditus at $2.3B valuation

Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would be the largest fundraise by an Indian education firm in years. TPG, a major private equity player, is discussing to lead the investment, the sources

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The founder building a wealth-management product her grandmother would have loved

Mical Jeanlys-White built WealthMore out of frustration.  She spent years on Wall Street, building products at American Express and serving as a managing director at JPMorgan Chase. She realized the finance industry still had a long way to go when it came to helping consumers build and understand wealth.  “Seventy percent of Americans do not

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Founder of failed fintech Synapse says he’s raised $11M for new robotics startup

Tens of millions of customer dollars remain unaccounted for at his previous startup, fintech Synapse. But that’s not deterring Sankaet Pathak from forging full steam ahead with his new robotics venture. Foundation is a robotics startup with a self-proclaimed mission “to create advanced humanoid robots that can operate in complex environments” to address the labor

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