Startups

Scimplify raises $40M to help manufacturers access specialty chemicals

Startups /

Scimplify, an Indian startup that helps pharmaceutical and agriculture companies access a range of specialty chemicals, has raised $40 million in a new funding round co-led by Accel and Bertelsmann Investments to widen its footprint in the U.S. and reach new markets. The Series B round pegs Scimplify’s valuation at about $150 million post-money, the […]

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Bolt CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’

Startups /

Bolt’s controversial co-founder Ryan Breslow, who returned as CEO earlier this month, spoke on Monday about the $30 million personal loan he took out of his company that sparked legal battles and contributed to his (temporary) ouster. Breslow also announced that Bolt will launch an “everything app” that will integrate one-click checkouts for everything from

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General Fusion fires up its newest steampunk fusion reactor

Startups /

General Fusion announced on Tuesday that it had successfully created plasma, a superheated fourth state of matter required for fusion, inside a prototype reactor. The milestone marks the beginning of a 93-week quest to prove that the outfit’s steampunk approach to fusion power remains a viable contender. The reactor, called Lawson Machine 26 (LM26), is

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Infinite Uptime bags $35M to help factories optimize equipment usage

Startups /

Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to expand its footprint in the U.S. and other markets. The manufacturing industry has lagged many industries in its adoption of tech, and much of the world’s heavy industry still depends on machines,

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Open web initiatives Project Liberty and Solid could be teaming up

Startups /

Two initiatives to create a more open web, where users are in control of their own digital identities and data, may be coming together. At SXSW 2025, entrepreneur Frank McCourt, whose Project Liberty is developing open internet infrastructure (and is throwing its hat in the ring as a potential buyer for TikTok), announced that his

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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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