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Fisker starts new round of layoffs to ‘preserve cash’

EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch. Founder and CEO Henrik Fisker told employees Monday morning in the email that the company is “continuing to evaluate […]

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After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin

Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken crypto payments

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Dripos raises $11M Series A to replace Square, Toast and 8 other pieces of software

Small coffee shops that relied on foot traffic were thrown for a loop when the global pandemic kept people in their homes. That’s when many coffee shop owners turned to technology to help them take online orders and payments. Startups were also eager to help these businesses stay safely in business — and venture capital

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Seed-stage firm Eniac Ventures raises $220M across two funds

Eniac Ventures has closed two funds totaling $220 million, the seed-stage firm shared exclusively with TechCrunch. New York-based Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments in portfolio companies, and $160 million for Eniac VI. The firm has made 11 investments out of Select 1, which actually closed

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Former Magic Leapers launch a platform for AR experiences

When Trace’s future co-founders Greg Tran, Martin Smith and Sean Couture joined Magic Leap in spring/summer of 2015, it was about as hot as startups come. After years of secrecy, the augmented reality company captured Silicon Valley’s imagination with in-device footage, before capping the year with an $827 million raise. The story of the intervening

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Framework’s repairability philosophy is set to expand beyond the laptop

Framework Computer was ahead of the curve. The company was founded in 2019, as 20 U.S. states began exploring potential right to repair bills. It delivered its first product, the Framework 13, in 2021, a year before New York enacted its landmark (if flawed) Digital Fair Repair Act. Today, the company sells its repairable laptops

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Building owners are often in the dark about their carbon pollution — a new algorithm could shed light on it

Starting this year, thousands of buildings in New York City will have to start reducing their carbon emissions. But before that happens, owners need to understand how much pollution they are generating. Electricity alone makes up 60% of the total energy use in commercial buildings, according to the U.S. Energy Information Administration. There are plenty

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Magnus Metal wants to revamp the 4,000-year-old way metal parts are made

Humans have cast metal parts in basically the same way for thousands of years: by pouring molten metal into a mold, often made of compacted sand and clay. There’s a reason this ancient method is used today: Sand casting is inexpensive and works well with both ferrous, or iron-based, and nonferrous metals. But there is

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Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation

Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC. Other existing investors Thrive Capital, General Catalyst, Sands Capital,

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