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SoftBank leads cash infusion into AI infrastructure company Pyxis One as it starts year with new name
Prior to starting Pixis, the co-founders spoke to potential marketing customers about how to scale SaaS companies quickly in a “cookie less” world.
Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase, announced it has raised an $11 million Series B. The round was led by BurdaPrincipal Investments, growth capital arm of Hubert Burda Media. Other participants included Centauri, a joint […]
Politics and tech are certainly strange bedfellows. The Gang loves to talk about filibusters and the fall of democracy, but forget it when I try to bring up my fascination with live audio. That is understandable; we never talk about the little stuff until there’s a battling billionaire angle. So it was that Jack Dorsey’s […]
NFT marketplace OpenSea is putting some of its freshly raised funds to good use, buying up crypto wallet startup Dharma Labs, the company announced today. The announcement follows a report earlier this month in Axios that detailed OpenSea was in talk to buy the startup for between $110 million and $130 million. Dharma’s Ethereum wallet […]
After a month-long “break,” Better.com CEO Vishal Garg is back at the helm of the mortgage tech company he co-founded in 2016, according to an internal memo that circulated today that has been shared with TechCrunch. In the memo, the Better board of directors said it was “moving forward with strong, dynamic CEO leadership.” The […]
A new bill seeks to dramatically reshape the online advertising landscape to the detriment of companies like Facebook, Google and data brokers that leverage deep stores of personal information to make money from targeted ads. The bill, the Banning Surveillance Advertising Act, introduced by Reps. Anna Eshoo (D-CA) and Jan Schakowsky (D-IL) in the House […]
After incredible growth in the past two year, all signs point to a continued abundance of opportunities for startup founders and investors in the year ahead.
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Rocket Lab is on a mission to vertically integrate space solutions. On Tuesday the launch and space systems company announced the close of a deal to acquire SolAero Holdings, a supplier of space solar power products and precision aerospace structures, for $80 million in cash. Buying SolAero, a 24-year-old, New Mexico-based company, means Rocket Lab […]
Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing Europe with battery equipment solutions. The two companies aim to supply integrated battery production systems and on-site ramp-up and maintenance support for battery cell and system manufacturers, Volkswagen said. The JV is expected to help VW reach its […]
It’s a sign of the times that on the very same morning, the FTC and Justice Department announced a thorough review of corporate merger policies with an eye to preventing anti-competitive acquisitions — and a megacorp announced a $69 billion deal that would further consolidate an industry already dominated by a handful of players. That’s […]
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Monday Tuesday show, our short ramp into the week where we talk about the larger picture to get our feet wet. We’re a day late due to an American holiday, […]
Animoca Brands, an eight-year-old, 600-person Hong Kong-based outfit that has managed to put its stamp on many of the world’s most popular NFT and metaverse brands, has raised roughly $360 million in fresh funding at a valuation of more than $5 billion, the company announced today. It’s a big leap from the $2.2 billion valuation […]
Jibo may have breathed its last robotic breaths back in 2019, but researchers at MIT believe the social robot may have been onto something. Sure, the world wasn’t ready for a pricey social robot a few years back, but that doesn’t mean there aren’t some positives to take away from the experience — namely, the […]
Tesla’s shareholders have urged a judge to find that CEO Elon Musk coerced the company’s board to acquire SolarCity in 2016, a transaction that a group of shareholders allege was a “bailout” of the failing solar company of which Musk was the top shareholder. During a Zoom hearing on Tuesday, the shareholders asked that Musk […]