Fisker’s Chapter 11 bankruptcy has hit a major snag, as the company buying the startup’s remaining fleet of electric SUVs says it might not complete the purchase because of a surprising technical issue. The buyer, a New York-area leasing company called American Lease, says in a new filing that Fisker now believes there is no […]
Fisker bankruptcy hits major speed bump as fleet sale is now in question Read More »
Distributional, an AI testing platform founded by Intel’s former GM of AI software, Scott Clark, has closed a $19 million Series A funding round led by Two Sigma Ventures. Clark says that Distributional was inspired by the AI testing problems he ran into while applying AI at Intel, and — before that — his work at
Distributional raises $19M to automate AI model and app testing Read More »
The generative AI-based fact checking firm launched by two Humane.AI expats is off to the races with $4 million in seed funding. The early round, led by Bee Partners, features a16z’s Scout Fund, Alumni Ventures, and FJ Labs. It values Infactory at $25 million. The San Francisco startup broke cover in July by ways of
Generative AI fact-checking firm Infactory lands a $4M seed Read More »
Mo Alkhadra spent years of his life figuring out how to remove troublesome materials like toxic lead and radioactive waste from water. But as he progressed along his doctorate studies at MIT, he realized that if he wanted to bring his technology to market, he’d need to do something other than build a better Brita.
Lithios takes inspiration from battery manufacturing to mine lithium from salty water Read More »
General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $800 million and $1 billion, according to a person familiar with the plans. A continuation fund consists of a portion of stakes that the VC firm has in portfolio companies. With around $25
General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say Read More »
Venture capital firm NFX laid off four employees in September as the firm looks to “rebalance” its resources from its software and product teams to its investing team, general partner Pete Flint told TechCrunch. The layoffs included one product leader and three engineers, Flint said. About a week ago, Amy Lin, chief product officer since
VC firm NFX laid off 4 employees and plans to hire more investors Read More »
Earlier this year, Kobold Metals found what might be one of the largest high-grade copper deposits of all time, with the potential to produce hundreds of thousands of metric tons per year, the company’s CEO said. Now, just eight months later, Kobold is close to raising over half a billion dollars. The funding should help
Seven years ago, GM became the first automaker to offer hands-free driving when it rolled out its Super Cruise advanced driver assistance system. Now, it’s looking to push that capability even further with a system that would allow drivers to keep their eyes off the road too, according to one of GM’s top software executives.
GM is working on an eyes-off, hands-off driving system Read More »
Seven years ago, GM became the first automaker to offer hands-free driving when it rolled out its Super Cruise advanced driver assistance system. Now, it’s looking to push that capability even further with a system that would allow drivers to keep their eyes off the road too, according to one of GM’s top software executives.
GM is working on an eyes-off, hands-off driving system Read More »
Nearly every founder has the same concern: how can they ensure their startup has enough cash to deliver on its promise. For most, that means wooing venture capitalists early and often, trading equity in the company and board seats for cash to keep the lights on. For Teague Egan, it also means courting retail investors.
