Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Banking-as-a-service startup Unit closes on $100M at a $1.2B valuation
Image Credits: Bryce Durbin / TechCrunch Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. Existing backers Accel, Better Tomorrow Ventures, Aleph, and Flourish Ventures also…
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Elon Musk's SpaceX is poised to become the most valuable U.S. startup
May 17 (Reuters) - Billionaire Elon Musk's SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources familiar with the matter told Reuters. The…
Insight Bet Values Banking Software Startup Unit at $1.2 Billion
Insight Partners led a $100 million equity funding round that values financial-technology startup Unit at $1.2 billion, almost quintuple the $255 million it last commanded. New York-based Unit, which makes software that allows companies to offer…
There's blood in the water.' M&A dealmakers are circling troubled tech startups looking for acquisition bargains.
Tech is in a historic downturn, with companies of all sizes conducting hiring freezes or layoffs. M&A dealmakers are shopping, looking for startups to buy. But conditions this time around are unusual, eight investors and bankers told Insider. Like…
Pulse, the maker of an automatic Slack status updater, acquires team communication startup Lounge
Lounge, a team communication startup that was looking to reimagine the future of work with features designed for remote and distributed workforces, has now found an exit after Slack entered its same market last year with competitive voice and video…
Forerunner, Bezos back Arrived, a startup that lets you buy into single-family rentals for 'as little as $100'
Arrived has raised $25 million in a Series A funding round led by Forerunner Ventures to give people the ability to buy shares in single-family rentals with “as little as $100.” Returning backers include Bezos Expeditions, the…
Wave Of Layoffs At Startups Foretell A Slow Summer For Venture Investing
For the past couple of years, startup founders got used to the love they received from venture investors, who seemed to be climbing over one another to secure deals. Alas, that was so 2021. The lovefest is over. “It just dried up…
Announcing the startups and judges on stage at TC Sessions: Mobility 2022
TechCrunch is excited to announce the six companies pitching in person and on stage at TC Sessions Mobility 2022. Hailing form around the States and the globe, founders will pitch on the main stage, for four minutes, followed by an intense Q&A with…
A Startup Wanted To Make A Better Baby Formula. It Took Five Long Years.
When Ron Belldegrun and his sister Mia Funt decided to start a new baby formula company, they knew it wouldn't be easy. High barriers to entry had discouraged plenty of other entrepreneurs from trying. The process can be so discouraging that just…
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Self-driving startup Wayve taps Microsoft for 'supercomputer muscle
LONDON, May 18 (Reuters) - British startup Wayve said on Wednesday it will use supercomputer infrastructure designed for the firm by its investor Microsoft (MSFT.O) to process vast amounts of data as it develops machine learning-based models for…
How to evolve your DTC startup's data strategy and identify critical metrics
Direct-to-consumer companies generate a wealth of raw transactional data that needs to be refined into metrics and dimensions that founders and operators can interpret on a dashboard. If you're the founder of an e-commerce startup, there's a pretty…
Tech Talent Startup A.Team Raises $55 Million From Investors Like Adam Grant And Jay-Z
Raphael Ouzan launched A.Team in early 2020 with a simple premise: To build a high-impact product, you need a high-performing team. While many freelance platforms allow skilled tech workers to get plenty of often-pedestrian gigs, Ouzan says he…
Energy Investors Back Startup That Halves Electric-Motor Size, Weight
Infinitum Electric, an electric motor maker based in Texas, has attracted $80 million in investment from several major energy-focused firms, enabling it to boost production. Electric motors are the ubiquitous workhorses of modern life that the…
Bill Gates' fund has poured millions into a lithium startup racing to solve the EV industry's biggest problem
Bill Gates' Breakthrough Energy Ventures just poured more money into startup Mangrove Lithium. Gates' fund previously led a $10 million round into the company. Here's how Mangrove plans to solve the EV business' biggest bottleneck. Bill Gates' firm…
Bless This Startup That's Turning Horrible CO2 Emissions Into Delicious Vodka
A startup with the elemental name of Air Company is producing vodka made with carbon dioxide emissions, CNBC reports, a futuristic new beverage that can both get you drunk and allow you to feel just a tiny bit better about the environment. The…
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