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Real estate VC Fifth Wall is raising $500M for a new fund
Real estate venture firm Fifth Wall is raising a new $500 million fund called Fifth Wall React, according to a regulatory filing. © 2024 TechCrunch. All rights reserved. For personal use only.
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In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series…
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Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs
Led by Markforged veterans and backed by a16z, Backlip has raised $30M to democratize product design thanks to AI. © 2024 TechCrunch. All rights reserved. For personal use only.
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Tapestry, a new app for tracking social media, news, blogs, and more, will launch in ‘early 2025’
A new app called Tapestry promising to unify social media, news, and RSS in one place, is nearing completion. Designed by Iconfactory, the same team that created the third-party Twitter client Twitterific back in the day, Tapestry was unveiled at the beginning of the year as a tool that could better organize today’s fragmented online…
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Waymo fills the Cruise void overseas and a salute to icon Jean Jennings
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. This will be the last newsletter of 2024! But don’t worry, we’ll be back in 2025 — sign up here to get it in your inbox every week. Thank you for reading and your emails. I love…
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Instagram teases AI tools for editing appearances, backgrounds in videos using prompts
Instagram head Adam Mosseri is teasing upcoming generative AI features for the social app that will allow creators to “change nearly any aspect” of their videos using text prompts. The editing tools will be powered by Meta’s Movie Gen AI model, and are expected to launch on the social network sometime next year, Mosseri said…
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Over 20 venture firms pledge to not take money from China, Russia
Founders now have a way to ensure that their investors haven’t taken money from countries like China, Russia, Iran or Cuba. Over 20 venture firms have signed the Clean Capital Certification, attesting that they have not and will not take money from foreign adversaries. Some of the firms that have signed include Marlinspike Partners, Humba…
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Google releases its own ‘reasoning’ AI model
Google has released what it’s calling a new “reasoning” AI model — but it’s in the experimental stages, and from our brief testing, there’s certainly room for improvement. The new model, called Gemini 2.0 Flash Thinking Experimental (a mouthful, to be sure), is available in AI Studio, Google’s AI prototyping platform. A model card describes…
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$25 billion valuation Chime takes another step towards an IPO
Digital bank Chime has reportedly filed its confidential IPO paperwork with the SEC, with an eye toward a 2025 debut. © 2024 TechCrunch. All rights reserved. For personal use only.
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World(coin) must let Europeans comprehensively delete their data, under privacy order
It took a lot more than the initially slated few weeks to arrive, but a pivotal privacy decision that’s been hanging over Sam Altman’s World (aka Worldcoin) for months has finally landed, via a late December decision from the Bavarian data protection authority enforcing the bloc’s General Data Protection Regulation (GDPR), a comprehensive privacy framework…