Category: Uncategorized
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Energy Revolution Ventures’ $18M fund lays a bet on ‘new chemistry’ startups in energy and hydrogen
What happens when a chemical engineer, who’s previously built a hydrogen-powered drone, becomes a venture capitalist? Energy Revolution Ventures, that’s what. The VC has now closed an $18 million Seed and Series A fund to invest in deeptech, such as energy storage, carbon capture, and, yes, hydrogen technologies. Marcus Clover, Co-Founder and Partner at ERV… Read more
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‘Genius Girl’ goes from inspiring a Korean TV show character to raising a $100 million AI fund
Principle Venture Partners will write early-stage checks anywhere from $100,000 to “single digit millions.” © 2024 TechCrunch. All rights reserved. For personal use only. Read more
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Bluesky adds mentions tab in the notifications screen and username squatting protection
Social network Bluesky has released a new update to its app that includes a separate mentions tab in notifications, protections against username squatting, and new controls for replies sorting. The company announced that it is adding a new mentions tab with the v1.96 rollout to let you see those posts separately. Until now, all notifications… Read more
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Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products
Uzbekistan’s mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million to bolster its footprint in the Central Asian nation. © 2024 TechCrunch. All rights reserved. For personal use only. Read more
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British university spinoff Mindgard protects companies from AI threats
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. This is where a new wave of “security for AI” startups come in, with the premise that these… Read more
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European Solo GP Robin Capital closes first fund with €15M to play with
Robin Capital — the Germany-based, Solo GP-led VC fund by former entrepreneur Robin Haak — has hit its final close of ‘Robin Fund One’ at €13 million. Combined with its additional growth-focused investment vehicle of €2m, the fund now has a total of €15 million to play with. In the realm of European Solo GPs,… Read more
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Sequoia’s Matt Miller is exiting the firm after making headlines earlier this year
The writing was on the wall, seemingly. Sequoia Capital partner Matt Miller announced on Wednesday that he’s leaving the powerhouse outfit after a 12-year career to build his own new firm focused on European founders. He added he will remain a venture partner with Sequoia and maintain his board seats while fleshing out the “specifics… Read more
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India’s Rapido exposed user and driver data through leaky website feedback form
Rapido restricted access to the exposed portal soon after TechCrunch contacted the company. © 2024 TechCrunch. All rights reserved. For personal use only. Read more
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Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity… Read more
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Perplexity has reportedly closed a $500M funding round
AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as… Read more