New Enterprise Associates, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion. The two-fund structure is a first that begets...
SpaceX is poised to conduct a wet dress rehearsal of the Starship launch system from its Starbase site in southeastern Texas, a major milestone in CEO Elon Musk’s quest to turn long-haul interplanetary transportation from science fiction to...
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period subject...
Howdy, folks! Happy Friday. While our fearless Week in Review leader Greg enjoys parental leave, I’m filling in, curating the latest on the tech news front. It was a roller coaster of a week once again as economic...
Automating construction makes plain sense on the face of it. It’s one of the world’s biggest industries. It’s also among the most expensive and, often, dangerous. Certainly it checks off the three Ds (dull, dirty, dangerous) of automation...
Earlier this week, I wrote a story about EV charging company Orange and how it is taking a different approach to putting chargers everywhere. Instead of a few high-speed chargers, it makes it easy for multifamily dwellings (think...
French startup Welcome to the Jungle has raised a new $54 million (€50 million) Series C round. The startup helps other companies recruit new employees more easily by creating sophisticated profiles packed with a ton of information. In particular,...
Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of selling the global classifieds marketplace OLX — his...
Cowboy Ventures, the now-10-year-old, Bay Area-based seed-stage focused fund founded by renowned investor Aileen Lee, has closed on two new funds totaling $260 million in capital commitments. The outfit garnered $140 million in commitments for its fourth flagship...
Luis Rubén Chávez, founder and CEO of Zenfi, says consumer finance in Mexico and across Latin America “is basically broken.” “Achieving basic financial health in Mexico for around 50 to 60 million people is really hard,” he told TechCrunch....
Detailed tactical plans for imminent police raids, confidential police reports with descriptions of alleged crimes and suspects, and a forensic extraction report detailing the contents of a suspect’s phone. These are some of the files in a huge...
Tesla is investing $3.6 billion into expanding its existing gigafactory in Nevada. Confirming White House reports from earlier today, the company said it will build two new production facilities in the state — a 100-gigawatt-hour battery cell factory...
Elon Musk testified Monday that he was not only certain he’d have the backing from Saudi financiers to take Tesla private in 2018, but also that he could have sold enough shares of his rocket company SpaceX to...
Real estate marketplace Zillow has introduced an instant tour booking feature for renters on its platform. The company now allows users to book an in-person tour directly at a suitable time without having to contact an agent or...
The growth keeps coming for Tesla’s energy storage business. On Wednesday, the automaker said its home and utility-scale battery deployments reached 6.5 gigawatt hours (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we...
In the wake of a seminal wave of new artificial intelligence startups such as OpenAI, a new U.K. company claims it can track and rank banks on their ability to develop and deploy AI platforms. Evident, a benchmarking and...