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Why Crosscut Ventures is ‘following the founders’ into climate, space, and beyond

Fundraising /

Eight years ago, Brian Garrett and his partners sensed the ground shifting.  At the time, Crosscut Ventures, where Garrett is co-founder and managing partner, had been investing in early stage startups in Los Angeles and Southern California for nearly a decade. It focused mostly on software companies, but it started shifting its attention to hardware, […]

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Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters

Transportation /

Infinite Machine turned many heads when it revealed its metallic, cyberpunk-style electric scooter in 2023. Now one of Silicon Valley’s biggest venture capital firms is backing the startup’s vision of filling the world’s cities with Infinite Machine’s futuristic vehicles in a big way.  The New York-based startup has closed a $9 million seed round led

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Brightwave’s AI agent helps asset managers find signal, and it’s fundraising fast

AI /

The finance world is constantly looking for signal: indicators of a buying or selling opportunities in the markets. Some seek out signal in pricey analyst reports, while others might find it in backdoor conversations with insiders. But sometimes, investors just need help seeing such indicators hiding in plain sight. That’s what Brightwave promises its AI

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Emidat is building a tool to clean up construction by automating environmental reporting

Climate /

Fixing the climate crisis is a vast, world-sized puzzle. But one particularly large piece of this ginormous conundrum is construction and real estate — which collectively amount for around 40% of global greenhouse gas emissions. Enter Munich-based data startup Emidat, which has built a software platform for automating the generation of validated Environmental Product Declaration

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Rental car startup Kyte slashes staff and shrinks to two markets in bid for survival

Transportation /

Rental car startup Kyte, which bills itself as the “best alternative to Hertz,” is pulling out of almost all of its major markets in the United States and has cut its workforce roughly in half in a bid to survive after exploring a sale earlier this year. The company is shrinking its operations to focus

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Lumen Orbit closed one of the biggest rounds from Y Combinator’s last cohort

Startups /

Lumen Orbit has closed an oversubscribed, eight-figure seed round of more than $10 million, a source familiar with the details told TechCrunch. That would make it one of the hottest deals, if not the hottest deal, of the most recent Y Combinator batch. The Redmond, Washington-based startup is pursuing a moonshot idea to build a

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Medtech Alimetry gases up with $18 million for a wearable to help diagnose gastric disorders

Biotech & Health /

Gut health isn’t the most glamorous of topics, but as many as 1 in 10 people regularly suffer from gastric symptoms like nausea, bloating, or cramping after eating. Figuring out exactly what’s causing stomach misery is not easy without invasive tests. But New Zealand-based startup Alimetry has developed a wearable device that can speed up

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Concentric helps companies keep track of their sensitive data

Fundraising /

Enterprises have a data inventory problem. The amount of data they’re collecting and storing is increasing, and that data is being spread across disparate storage buckets. Yet many organizations rely on processes that essentially amount to pencil-and-paper methods for tracking data provenance. According to one survey, more than 50% of companies use Excel spreadsheets in

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