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Mysterious hacking group Careto was run by the Spanish government, sources say

More than a decade ago, researchers at antivirus company Kaspersky identified suspicious internet traffic of what they thought was a known government-backed group, based on similar targeting and its phishing techniques. Soon, the researchers realized they had found a much more advanced hacking operation that was targeting the Cuban government, among others. Eventually the researchers

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The wild story of how gut health AI toilet startup Throne raised $4M led by Moxxie 

The tale of how smart toilet startup Throne landed its seed round is so full of serendipities, one could almost believe it was orchestrated by the hand of Fortuna, Roman god of providence. Throne is an Austin-based company working on an AI-powered toilet device for consumers. It uses computer vision (cameras pointing in the bowl

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Alt Carbon scores $12M seed to scale carbon removal in India

From a struggling family tea estate to an innovative climate venture, Alt Carbon has raised $12 million in a seed round as it plans to scale its carbon dioxide removal work in the South Asian nation. The climate-tech startup, which locks away carbon for thousands of years through enhanced rock weathering on farmlands, attracted investment

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Uber Freight bets big on AI tools to grow its business

Three years ago, as the pandemic caused chaos for companies big and small, Colgate-Palmolive’s chief supply chain officer Luciano Sieber orchestrated a “logistics blitz.”  The result gave Sieber a better understanding of how Colgate-Palmolive moves its products around the world. But it stuck Sieber with another problem: too much data.  About a year ago, Sieber

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SparkCharge raises $30M to help fleets electrify without commitments

Electrifying a fleet of vehicles is the chicken-and-egg problem for the 21st century. Where do you spend money first, on the vehicles or the charging infrastructure? Believe it or not, that question isn’t always thought through. Joshua Aviv, founder and CEO of SparkCharge, has had fleets approach him and say, “Hey, the cars are here.

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Brex partners with former competitor Zip, with an eye on reducing cash burn to get to an IPO

Brex has once again made the surprising, but perhaps realistic, decision to partner with another one-time competitor. This time Zip, the CEOs of both companies told TechCrunch exclusively.  In April 2022, fintech Brex announced it was making “a big push” into both the enterprise and software. The news was notable considering that Brex originally was

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South Loop Ventures closes $21M fund in Houston to build up local tech ecosystem

South Loop Ventures, a Houston-based venture firm, announced a $21 million Fund I, with Rice Management Company and Chevron Technology Ventures serving as anchor investors.  The firm, which launched in 2022, focuses on seed and pre-seed companies, with $400,000 as the average check size. It also primarily hopes to focus on backing founders of color. 

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