Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch. The company told employees they are being locked out of Canoo’s systems at the end of the day Friday, according to the […]
EV startup Canoo places remaining employees on a ‘mandatory unpaid break’ Read More »
On the first day of Y Combinator’s winter 2024 session — right after orientation and a photo in front of the YC sign — the founders of PearAI got “canceled,” as founder Nang Ang described it to TechCrunch, receiving an outpouring of online hate. But they survived and graduated the YC’s winter 2024 cohort earlier this
There is a new venture fund in town. Swizzle Fund, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just a little more than $5 million for its Fund I, according to an SEC filing. There was no target raise amount. The firm, which quietly opened in 2023, is an early-stage
Swizzle Fund raises $5M for inaugural fund addressing women’s health and wealth Read More »
There is a new venture fund in town. Swizzle Ventures, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just over $5 million for its Fund I, according to an SEC filing. There was no target raise amount. The firm, which quietly opened in 2023, is an early-stage firm looking to
Swizzle Ventures raises $5M for inaugural fund addressing women’s health and wealth Read More »
Lerer Hippeau, one of New York’s most prolific A-list VC firms, has filed to raise its ninth fund, according to an SEC filing made Wednesday. There is no target raise amount. Lerer Hippeau did not immediately respond to our request for comment. The firm, founded in 2010, has more than $1.2 billion in assets under
Lerer Hippeau files to raise Fund IX Read More »
Four employees have sued Rivian in separate lawsuits this year over allegations they were harassed, in some cases by top executives, and that the company’s leadership did little to address their concerns, according to a TechCrunch review of court records. Rivian has also reached settlements in three other harassment and discrimination cases, TechCrunch has learned.
Rivian executives accused of harassment in previously unreported lawsuits Read More »
Uzbekistan’s mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million in a new funding round to bolster its dominating digital presence in the Central Asian nation by developing new AI and tech products and attracting more tech-savvy customers. The fresh investment, made by the bank’s London-based parent TBC Group, comes just five months after it
Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products Read More »
Emmett Shear, the former CEO of Twitch, is launching a new AI startup, TechCrunch has learned. The startup, called Stem AI, is currently in stealth. But public documents show it was incorporated in June 2023, and filed for a trademark in August 2023. Shear is listed as CEO on an incorporation document filed with the
Ex-Twitch CEO Emmett Shear is founding an AI startup backed by a16z Read More »
Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series
What if it were as easy to generate a usable 3D design as prompting ChatGPT? That’s the mission of Backflip, a startup founded by 3D printing veterans that’s just scored $30 million from Andreessen Horowitz, New Enterprise Associates, and a host of other big names in tech. Designing physical objects often requires hours or days
