Startups

Cursor in talks to raise at a $10B valuation as AI coding sector booms

Startups /

Investor interest in AI-coding assistants is exploding. Anysphere, the developer of AI-powered coding assistant Cursor, is in talks with venture capitalists to raise capital at a valuation of nearly $10 billion, Bloomberg reported. The round, if it transpires, would come about three months after Anysphere completed its previous fundraise of $100 million at a pre-money […]

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Google removes ‘underrepresented’ language from its grant website

Startups /

Just weeks after Google said it would review its diversity, equity, and inclusion programs, the Google for Startups Founders Fund webpage is peppered with changes. Most notably Google is now using past tense to describe all of its fund programs for underrepresented founders.  This is a change that took place after December, according to the internet

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Startups Weekly: Startups raised funding to help others navigate challenges

Startups /

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Sometimes problems are just that: problems. But often, they are also fodder. This week brought us a mix of startups facing adversity, sometimes of their own doing,

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Scale AI is being investigated by the US Department of Labor

Startups /

The U.S. Department of Labor is investigating the data labeling startup Scale AI for compliance with the Fair Labor Standards Act, TechCrunch has learned. That’s a federal law that regulates unpaid wages, misclassification of employees as contractors, and illegal retaliation against workers. The investigation has been active since at least August 2024, a document seen

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Shield AI raises $240M at a $5.3B valuation to commercialize its AI drone tech

Startups /

Shield AI, the San Diego defense tech startup that builds drones and other AI-powered military systems, has raised a $240 million round at a $5.3 billion valuation, it announced today. Shield AI says its Hivemind software already enables fighter jets and drones to fly autonomously. Now, Shield AI wants to sell Hivemind to a broader

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Intangible AI, a no-code 3D creation tool for filmmakers and game designers, raises $4M 

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Intangible AI, now backed by $4 million in seed funding, offers an AI-powered creative tool that allows users to create 3D world concepts with text prompts to aid creative professionals across a variety of industries. The company’s mission is to make the creative process accessible to everyone, including professionals such as filmmakers, game designers, event

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Alpine Eagle secures funding from European backers for counter-drone tech amid rising threats

Startups /

The war in Ukraine has brought drones to the forefront of modern warfare, creating a surge in demand for counter-drone systems. However, legacy solutions to counter drones, such as ground-based defense systems and cyber warfare, often come with a hefty price tag. For German startup Alpine Eagle, these solutions fall short: When now-ubiquitous $500 first-person

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