funding

YC-backed CrowdVolt shakes up the secondary ticket market with its bid-ask model

Startups /

The current secondary ticket exchange system is fraught with several issues, such as tickets being resold at prices much higher than their face value, exorbitant fees and other additional costs. Not to mention the risk of purchasing counterfeit or invalid tickets, resulting in a disappointing user experience.  CrowdVolt wants to disrupt the space with its […]

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Adaptive builds automation tools to speed up construction payments

Fundraising /

The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to $273 billion in 2023, representing 14%

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As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Climate /

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to

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Beauty tech startup Boldhue raises capital to ship its ‘Keurig for makeup’

Hardware /

Have you ever wanted a personalized makeup dispenser? Well, Boldhue‘s co-founder and CTO Karin Layton has built just that: A device that aims to be the “Keurig for makeup.” Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone. The beauty tech startup on Tuesday said it had

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Amazon hires founders away from AI startup Adept

AI /

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders

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Formation Bio raises $372M to boost drug development with AI

Biotech & Health /

Formation Bio, a startup focused on applying AI to drug development with backing from OpenAI CEO Sam Altman, has raised over a quarter-billion dollars to support its ambitious product roadmap. Formation announced Wednesday that it raised $372 million in a Series D funding round led by Andreessen Horowitz with participation from drug maker Sanofi, Sequoia,

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Fetcherr lands $90M to get airlines on board with dynamic pricing

Transportation /

The airline industry is headed for record revenue this year — $996 billion — as the demand for travel soars. But the margins remain razor-thin. According to the trade association IATA, total expenses for airlines are projected to reach $936 billion, with earnings coming out to around $6.14 per passenger. That’s about the price of

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