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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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North Korean government hackers snuck spyware on Android app store

Security /

A group of hackers with links to the North Korean regime uploaded Android spyware onto the Google Play app store and were able to trick some people into downloading it, according to cybersecurity firm Lookout. In a report published on Wednesday, and exclusively shared with TechCrunch ahead of time, Lookout details an espionage campaign involving

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Elea AI is chasing the healthcare productivity opportunity by targeting pathology labs’ legacy systems

Biotech & Health /

VC funding into AI tools for healthcare was projected to hit $11 billion last year — a headline figure that speaks to the widespread conviction that artificial intelligence will prove transformative in a critical sector. Many startups applying AI in healthcare are seeking to drive efficiencies by automating some of the administration that orbits and

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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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BaaS startup Synctera raises $15M, signs Bolt as a customer

Fundraising /

The banking-as-a-service space took a hit last year when Synapse collapsed. But that hasn’t stopped BaaS startup Synctera from raising another $15 million in funding, it tells TechCrunch exclusively. Synctera works to provide companies “of all shapes and sizes with everything they need to launch and operate fintech and embedded banking products,” including: accounts, cards,

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The sibling founders of Stax Payments are back with a new fintech and a $20M seed raise

Fintech /

Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. It’s a large seed round, especially these days when capital is harder to come by. But the founders’ history may have something to do

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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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Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

Fintech /

Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding round as the startup aims to expand its presence and enter new geographies. Every year, millions of highly skilled people move to countries like the

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Some say passkeys are clunky — this startup wants to change that

Security /

Passwords are ubiquitous, despite not being foolproof and cannot alone protect your online identity. Almost one-third of data breaches reported over the past decade happened due to stolen credentials, per Verizon, including some of the biggest breaches of all time. Instead, the industry has largely found passkeys arguably the most prominent solution to replace passwords.

Some say passkeys are clunky — this startup wants to change that Read More »