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Sotira lands $2M to help brands offload and monetize their surplus inventory

An estimated 20% to 30% of all inventory in the U.S. is surplus, with much of it ending up in landfills. A startup called Sotira wants to help address this problem: It leverages AI to help companies offload and monetize their surplus inventory. Sotira partners with brands to offload millions of pounds of surplus grocery, […]

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Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi

A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored for low- and middle-income workers. The company provides solutions like salary advances, digital payments, and microloans to help

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Accel backs Indian AI startup building ‘ChatGPT for presentations’

Presentations.ai, an Indian startup that uses AI to help companies quickly generate presentation decks, has raised $3 million in a seed round led by Accel to scale its software that has emerged from beta after amassing millions of users. Presentations are ubiquitous throughout a business journey — whether a large corporation or a startup —

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Anthropic CEO Dario Amodei is trying to duck a deposition in an OpenAI copyright lawsuit

Anthropic CEO Dario Amodei is trying to avoid being deposed in a copyright lawsuit against OpenAI, according to new court filings. In response, lawyers for the plaintiff — the Authors Guild — have filed a motion to compel testimony from Amodei and his Anthropic co-founder, Benjamin Mann. Authors Guild’s lawyers claim that Amodei and Mann,

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AngelSense exposed location data and personal information of tracked users

AngelSense, an assistive technology company that provides location monitoring devices for people with disabilities, was spilling the personally identifiable information and precise location data of its users to the open internet, TechCrunch has learned. The company secured the exposed server on Monday, more than a week after it was alerted to the data leak by

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SuperOps bags $25M to use AI and better help managed service providers

SuperOps, an Indian startup offering tools to help IT service providers and internal system administrators at enterprises, has raised $25 million in a Series C round that values it at $200 million post-money, as it plans to double down on AI. For enterprises with remote teams, IT teams often struggle to provide real-time support —

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Solar startup Niko is building Mexico’s first virtual power plant

When Edoardo Dellepiane and Raffaele Sertorio founded Niko Energy in 2023, they saw ample opportunity in Mexico’s underdeveloped solar market. Despite the fact that many parts of the country are bathed in sunlight, it has strikingly few solar installations. After more than a year of helping solar installers sell, plan, and finance panels for residential

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Meteomatics eyes U.S. expansion for its enterprise-focused weather forecasting tools

Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about weather forecasting from the prediction side, he realized the gaps that remained on the consumption

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Formance raises $21M to build the AWS for fintech infrastructure

If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors and funds spread across

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Automattic and others back Openvibe, an app that’s unifying the open social web

Openvibe’s clever app that integrates multiple open social networks including Bluesky, Mastodon, Nostr, and Threads, just got a boost toward its future development. The company on Tuesday announced that it has received outside investment of $800,000 in a round led by Czech Founders VC, which includes backing from WordPress.com and Tumblr parent company, Automattic, as

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