Kalshi, a prediction market that allows people to bet on future events, has raised a massive $1 billion round at a $11 billion valuation, according to a person familiar with the deal. The round comes less than two months after the seven-year-old startup announced its previous fundraise of $300 million at a $5 billion valuation. […]
Source: Kalshi’s valuation jumps to $11B after raising massive $1B round Read More »
For San Francisco-based startup Point One Navigation, the value of ‘location, location, location’ extends well beyond real estate. And investors seem to agree. Point One Navigation, a startup that has developed precise location technology, has just raised $35 million in a Series C round led by Khosla Ventures. The company’s post-money valuation is now $230
This Khosla-based startup can track drones, trucks, and robotaxis, inch by inch Read More »
When it comes to recycling, few materials can match aluminum. It can be reused an infinite number of times, and it’s often cheaper to recycle than to produce new aluminum because it requires so much less energy. Yet only about a third of the aluminum used in the U.S. gets recycled. The problem lies in
Sortera is turning America’s scrap aluminum problem into cash Read More »
Autonomous electric tractor startup Monarch Tractor warned staff Thursday it may need to lay off more than 100 employees, or possibly even ‘shut down,’ according to a company-wide memo obtained by TechCrunch. The memo comes after Monarch Tractor was already cutting some positions over the last few weeks at its California corporate facilities and remote
Monarch Tractor preps for layoffs and warns employees it may ‘shut down’ Read More »
Tesla received a ride-hailing permit this week from Arizona regulators, opening the door for the automaker to begin operating a robotaxi service in the state. A spokesperson with Arizona Department of Transportation (ADOT) told TechCrunch the automaker applied for a Transportation Network Company (TNC) permit on November 13. Tesla met the requirements to operate as a
Monarch Tractor has been accused of overpromising on the autonomous capabilities of its tractors, according to a new lawsuit. Burks Tractor, a dealership located in Idaho, has sued Monarch for breach of contract and allegedly violating its warranty because the California-based startup’s tractors were “unable to operate autonomously.” The dealership also says the 10 tractors
Monarch Tractor sued over tractors that were ‘unable to operate autonomously’ Read More »
Uber has quietly begun piloting in-app video recording for its drivers in India, TechCrunch has learned and confirmed with the company. The tool is meant to deter misconduct in a market where most drivers do not use dashcams, according to Uber. Half a dozen Uber drivers in the Delhi–NCR region told TechCrunch they sometimes face
Uber quietly pilots in-app video recording for drivers in India Read More »
When Hannan Happi started thinking about how to solve the AI power crisis, he kept one figure in mind: one cent per kilowatt-hour. “We went through all sorts of configurations and designs,” Happi, co-founder and CEO of Exowatt, told TechCrunch. “They all look different from each other. We tried to learn from everyone one of
Sam Atlman-backed Exowatt wants to power AI data centers with billions of hot rocks Read More »
Two teenage founders walked into Y Combinator co-founder Paul Graham’s backyard with an idea no one in agriculture seemed to want — an AI model to help design better pesticides. By the time they left, they had a new business model, a new company, and eventually, Graham’s backing. Now, that reimagined company — Bindwell —
Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup’s regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India. The deal marks Mirova’s first carbon investment in India,
Kering-backed fund Mirova pours $30.5M into India’s Varaha for regenerative farming Read More »
