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

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

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

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

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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This new UK startup is building classic-style cars with a modern EV twist

When U.K. custom electric car creator RBW showed off its Roadster and GT models at Monterey Car Week this year, the vehicles stunned a lot of attendees, CEO Peter Swain recently told TechCrunch. “We had four ‘wows,’ where people would go: ‘Wow, that’s beautiful. Wow, look at the interior. Wow, is it really brand new?’

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Supply chain startup Interos lands new customers, cash

Each year, supply chain disruptions cost the global economy trillions of dollars. In a recent McKinsey poll, nine in ten businesses said they had encountered logistics challenges over the past 12 months. Headwinds have only grown stronger as chaos reigns in key shipping corridors. Attacks on freighters continue in the Red Sea. Flooding is disrupting

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Flock Safety paid over $300M for 17-month-old drone startup Aerodome

Last week, police surveillance startup Flock Safety announced that it had bought drone startup Aerodome. The acquisition price was over $300 million, according to sources in the venture world. The number has not been previously reported.  Both Flock Safety and Aerodome are backed by Andreessen Horowitz and have raised over $680 million and $28 million,

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Andreessen Horowitz helps founders meet compute needs with ‘Oxygen’ private GPU cluster

Andreessen Horowitz has a massive cluster of Nvidia H100 GPUs to help its portfolio of AI startups meet their compute needs, the venture capital firm confirmed for the first time on Wednesday. The program, called “Oxygen”, allows their portfolio companies to train or operate their AI models without negotiating market rates. A16Z’s Oxygen cluster gives

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