Material Evolution raises $19M to decarbonise the cement industry

In the industrial world, cement is about as omnipresent as materials get. But despite its clear and obvious utility, cement is responsible for some 8% of global CO2 emissions... Read more »

Typeface, which is building generative AI for brands, raises $100M at a $1B valuation

In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI —... Read more »

India startup funding slides 68% after Tiger and SoftBank make virtually no deals

Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions.... Read more »

DoorDash offers delivery workers hourly rate, but there’s a catch

DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per delivery, the company said Wednesday. The new option, a... Read more »

TuSimple may sell US business as it turns attention to Asia

Self-driving truck developer TuSimple may sell its U.S. business, the company said in a regulatory filing Wednesday. TuSimple, which is on the verge of being delisted from the Nasdaq... Read more »

Spire and OroraTech will launch a fleet of wildfire-monitoring satellites

The past few wildfire seasons in the United States and Canada have been some of the most memorable — and dangerous — on record. But despite the billions of... Read more »

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

Want more fintech news in your inbox? Sign up here. Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is... Read more »

Brex refocuses on startups with hire of SVB veteran, ex-a16z partner

Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves... Read more »

Celestial AI raises $100M to transfer data using light-based interconnects

David Lazovsky and Preet Virk, technologists with backgrounds in semiconductor engineering and photonics, came to the joint realization several years ago that AI and machine learning workloads would quickly... Read more »

Crypto losses halved in Q2 2023 to $204M

As if the pessimism around crypto wasn’t enough, the industry has historically been hounded by hackers and scammers looking to make a quick buck. And to make things worse,... Read more »
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