TechCrunch Startup News

Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. This week, MiniMax, an Alibaba- and Tencent-backed startup that has raised around $850 million in venture capital and is valued at more than $2.5 billion, debuted three new models: Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Hyperline wants to build the next-generation Chargebee. Over the past two years, the startup has built a new billing platform that can be used for recurring subscriptions, one-off purchases, usage-based billing and more. Hyperline raised an initial €4 million funding round from Index Ventures back in 2023 ($4.1 million at today’s exchange rate). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most recently Mega, an Omniverse Blueprint framework to create digital twins to operate these applications. It’s also investing in digital twin startups to get the effort off the ground. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking a hyper-focused approach to electrifying commercial trucking E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more. Founded out of Los Angeles in 2021, Caramel formally launched last year with some $19 million in funding behind it Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs Learn more about your ad choices. Visit podcastchoices.com/adchoices

In an announcement Tuesday, Amazon Web Services (AWS), Amazon’s cloud computing division, said it plans to invest $5 billion in Mexico over the next 15 years as a part of a “long-term commitment” in the region. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Alex Dewez, a partner at 20VC, just released its highly anticipated State of the French tech ecosystem report. This is a nice followup to Atomico’s State of European Tech report, with a more granular view on French startups in particular. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Decentralized social network organization Mastodon said Monday that it is planning to create a new non-profit organization in Europe and hand over ownership of entities responsible for key Mastodon ecosystem and platform components. This means one person won’t have control over the entire project. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Developers Max Brodeur-Urbas and Rahul Behal think that AI has the potential to automate lots of business-relevant tasks, but that many of the AI-powered automation tools on the market today are unreliable and costly. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gaming startups, specifically those building casual mobile games, are very hot in Turkey right now, and today another one is announcing a sizable round. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Businesses dependent on the physical supply chain — the network of facilities and transportation systems used to move materials from one location to another — chain face a number of challenges, from staff shortages to increasing customer expectations. The pressures aren’t easing up. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A startup hoping to provide a credible alternative to Amazon has picked up funding to double down on the gap in the market. PrettyDamnQuick (PDQ) provides tech to retailers to let them customize and test different shipping and checkout flows, and now it has picked up a deal of its own: a $25 million Series A to expand its business. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Xocean, an Irish marine robotics startup that provides ocean data to the energy and hydrography industries using uncrewed surface vessels (USVs), has raised €115 million ($119 million) as it looks to expand coverage to additional sectors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The startup’s founder, Nik Shevchenko, started marketing this device on Kickstarter as “Friend,” but changed the device’s name after another San Francisco hardware maker launched his own Friend device and bought the domain name for $1.8 million. Shevchenko, a Thiel fellow with a history of eye-grabbing stunts, is taking a slightly different approach with Omi. Instead of seeing the device as a smartphone replacement or an AI companion, he wants Omi to be a complementary device to your phone that boosts your productivity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

When Valeria Kogan started her PhD program in bioinformatics, the scientific field that uses computation and software to analyze biological data, in 2017, she imagined her career would always be within the fields of mathematics, medicine, or biology. But after the first AI boom in the late 2010s, she got an intriguing opportunity in a sector she hadn’t considered: agriculture. Learn more about your ad choices. Visit podcastchoices.com/adchoices

“These are the kind of jobs that we shouldn't need people to do anymore," founder Leo Ma said about dangerous factory jobs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Social network and X competitor Bluesky’s massive growth slowed in December in the U.S., after having surged from 9+ million in September to north of 20 million users in November. The slowdown is based on an analysis of web traffic and mobile app daily active users by analytics firm Similarweb, which found that Bluesky grew less than 10% month-over-month in December 2024, compared with 189% growth in November. Daily active users of the Bluesky mobile app in the U.S. also grew 12% in December, compared with 284% growth in November, the firm says. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week at CES 2025, the company is showcasing a prototype version of its forthcoming SolidddVision glasses. The Brooklyn-based startup is specifically targeting people with macular degeneration. The degenerative eye disease affects roughly 13% of U.S. residents aged 40 and up, according to figures from the CDC; Elvie, a female-founded hardware startup, has unveiled a new app-controlled smart bouncer that gently transforms into a bassinet — while the baby is still in it. With the new Elvie Rise, announced at CES 2025 on Monday, parents and caregivers don’t have to move their baby between soothing, sleep, and play products. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck in limbo for the last couple years, waiting for official guidance from the U.S. Treasury on lucrative tax credits. That was until last Friday. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Electra has raised $76.3 million to clean up the dirty ironmaking industry, TechCrunch has learned. The startup has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. Learn more about your ad choices. Visit podcastchoices.com/adchoices

As 2025 dawns, it’s a good time to look at the trends that are likely to define the coming 12 months. Learn more about your ad choices. Visit podcastchoices.com/adchoices

French food delivery startup Epicery will cease operations Tuesday, after one last holiday season hurrah for its clients and the local food businesses that were using the platform during its nine years in business in exchange for a 25% commission. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A business built around increasingly customized ready-to-eat meals has netted Middle Eastern startup Calo a sizeable funding injection as it looks to expand both what it can offer its time-strapped customers and where it delivers its growing range of just-heat-to-eat dishes. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI holds huge promise for healthcare, but not just on the medical side; many startups are convinced machine learning-based systems can do a lot of good on adjacent tasks such as appointment scheduling and confirmations. Brazilian startup Carecode is among these AI believers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If there was one phrase that captured the vibe and theme of 2024 — at least in the transportation sector — it was business whiplash. Legacy automakers changed direction on their all-EVs-or-bust strategy, startups pivoted, and some Silicon Valley VCs and executives adjusted their views to a changing political landscape Learn more about your ad choices. Visit podcastchoices.com/adchoices

When you really probe venture capitalists about investing in AI startups, they’ll tell you that businesses are experimenting wildly but are very slow to add AI solutions into their ongoing business processes. But there are some exceptions. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On the first day of Y Combinator the founders of PearAI got “cancelled." They used the hate to launch a new product, raise $1 million. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI creates a dilemma for companies: Don’t implement it yet, and you might miss out on productivity gains and other potential benefits; but do it wrong, and you might expose your business and clients to unmitigated risks. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Once, not long ago, booking a table at a hot new restaurant didn’t entail a midnight dash to Resy. Truly, we didn’t know how good we had it then. Hours-long lines out the door are now the norm, not the exception, in major cities from New York to Los Angeles. Learn more about your ad choices. Visit podcastchoices.com/adchoices

After nearly four years of working in sales at tradesperson software company ServiceTitan, Mark Hoadley (pictured above) was looking for a change and to potentially start something of his own in a similar industry. Hoadley’s brother-in-law, and now co-founder, Ben Sikma, was working on M&A in the waste management space at the time. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Over the last decade, the Sustainable Ocean Alliance has graduated from dorm room activism to a thousands-strong global network of experts, investors, and “ecopreneurs” — all of whom believe the best way to save the ailing oceans is to embrace innovation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Drop by any given loading dock and a buzz of forklifts — loaded up with goods — can be spotted maneuvering in and out of truck trailers. This logistical dance can take up to an hour to fill a trailer, leaving truck drivers in idle limbo. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Grammarly is acquiring productivity startup Coda, the company announced on Tuesday. As part of the deal, Coda’s CEO and co-founder Shishir Mehrotra will become the new CEO of Grammarly. The financial terms of the deal were not disclosed. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The massive lasers will be installed in the startup’s future facility, which it is building in the San Francisco Bay Area. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cybersecurity practitioners take a community-driven approach to solving problems. Security researchers share the vulnerabilities they find with the broader cybersecurity community, which allows companies to patch up their security holes before something catastrophic happens. Prequel is looking to bring that same approach to software. Learn more about your ad choices. Visit podcastchoices.com/adchoices

While I have fond memories of past efforts to combine VR content with real-world locations, I’d assumed the pandemic had put those ambitions to an end. If I wanted VR in 2024, I thought I’d have to buy a headset, and it would be a largely solitary experience at home or in the office Learn more about your ad choices. Visit podcastchoices.com/adchoices

Threat exposure management startup Flare thinks it has an answer to info-stealers with a service that watches the dark web, resets passwords. Learn more about your ad choices. Visit podcastchoices.com/adchoices

With disinformation on the rise, especially given the explosion of AI, companies are just as vulnerable to its effects as individuals. Refute is a London-based startup that detects and responds to disinformation on behalf of these commercial entities. It’s now raised a £2.3 million ($2.9 million) pre-seed round led by UK investors Playfair and Episode. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Two prominent programs, Activate and The Engine Accelerator, have decided they can give founders an advantage if they team up. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI models that understand videos as well as text can unlock powerful new applications. At least, that’s what Jae Lee, the co-founder of Twelve Labs, believes. Granted, Lee’s a little biased. Twelve Labs trains video-analyzing models for a range of use cases. But there may just be something to his assertion. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If startup funding rounds are any metric, generative AI is seeing ample adoption in the sciences. It makes sense: there’s a lot of trial and error involved in research and development, and any tool that can speed up the process for researchers is bound to be useful. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Small and medium businesses are getting more love in the world of fintech these days, and one example of that is the growth of a startup out of Sweden. Mynt, which has built an AI-based platform for corporate cards and spend management catering to SMEs, has closed a round of €22 million ($23 million). Learn more about your ad choices. Visit podcastchoices.com/adchoices

LambdaTest, a cloud-based software testing platform, has raised $38 million in a funding round as it looks to expand its presence in existing markets and advance its AI capabilities. The San Francisco and Noida-headquartered startup’s Series D round has been led by Avataar Ventures with participation from Qualcomm Ventures, bringing its total funding to $108 million. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The startup argues that its hot-water approach is not only more efficient, but also more useful. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Podcast recording platform Riverside said Monday that it has raised $30 million in Series C funding led by Zeev Ventures, with participation from Seven Seven Six, and angel investor Sam Lessin. The company wants to use this funding to grow its team and build out solutions for the podcast and content creation space. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Do we really need another social media app for college students? With the looming TikTok ban in the U.S., a new app called Connyct seems to think so. Connyct closely resembles the popular short-form video app, providing all the features you would expect, such as a personalized content feed, private chatting, as well as video . Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ladder, an Austin, Texas-based fitness startup that makes a popular strength-training app, is accusing Peloton of ripping off its work with the launch of Peloton’s new Stength+ app, which exited beta on Wednesday. After receiving feedback from Peloton’s beta testers that the app looked, felt, and functioned much like Ladder’s own. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Turning sunflower seeds into sustainable, cocoa-free chocolate has netted Munich-based B2B foodtech startup Planet A Foods (formerly QOA) a $30 million Series B funding round. Now, the Y Combinator alum is gearing up for industrialization, with the funds set to be deployed to scale its production capacity by around 7.5x Learn more about your ad choices. Visit podcastchoices.com/adchoices