|
Bloomberg is reporting that X is on track to generate $2.5 billion in revenue this year, a marked decrease from 2022, in which the company pulled in approximately $1 billion per quarter.
The FCC has rejected Starlink's application for $885 million in public funds to provide internet service to rural America, stating the company “failed to demonstrate that it could deliver the promised service.” TechCrunch has more here.
E3 (aka The Electronic Entertainment Expo), once a mandatory conference stop for gaming companies, is officially no more.
Not content with the creepiness factor of embedding a camera in a pair of glasses, Meta is now equipping its Ray Ban smart glasses with multimodal AI.
|
|
|
|
|
700+ investors say deal volume is back for 2024. Read the 2024 Private Capital Investment Predictions report for a healthy dose of cautious optimism today.
|
|
|
|
|
Bicara Therapeutics, a three-year-old startup based in Cambridge, MA, that is developing tumor-targeting antibodies, raised a $165 million Series C round co-led by Braidwell and TPG, with additional participation from Deerfield, Fairmount, and Aisling Capital. Pharmaceutical Technology has more here.
Essential AI, a startup that will use AI for corporate functions such as data analysis and automate monotonous tasks, raised a $56.5 million round led by March Capital, with Advanced Micro Devices, Franklin Venture Partners, Google, Nvidia, and Thrive Capital also anteing up. Bloomberg has more here.
Shinobi Therapeutics, a startup based in San Francisco and Kyoto and founded this year that is developing immune evasive iPSC-derived cell therapies, raised a $51 million Series A round. EQT Life Sciences, F-Prime Capital, and Eight Roads Ventures Japan co-led the deal, with Astellas Venture Management, Fast Track Initiative, JIC Venture Growth Investments, and D3 LLC also taking part. More here.
ShipRocket, a six-year-old New Delhi startup that helps businesses ship goods by picking the courier, printing shipping labels, and tracking the order through its platform, is in the market to raise a round ranging from $75 to $100 million. The purported lead is previous investor Tribe Capital, according to TechCrunch, which has more here.
Tacto, a three-year-old Munich startup that helps companies reduce their procurement costs by analyzing key costs like raw materials and energy, raised a $53.9 million round co-led by Sequoia Capital and Index Ventures, with previous investors Visionaries Club, Cherry Ventures, and UVC Partners also participating. Bloomberg has more here.
True Anomaly, a one-year-old startup based in Centennial, Co., that is developing autonomous spacecraft that can track, surveil, and collect data on objects in space, raised a $100 million round led by Riot Ventures, with Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures also stepping up. TechCrunch has more here.
|
|
|
|
| Big-But-Not-Crazy-Big Fundings |
|
|
|
|
Allstar.gg, a four-year-old New York startup that turns a player’s video game data into videos that can be quickly shared across social media platforms, raised a $12 million Series A round led by Drive Capital, with previous investors Mark Cuban, Studio VC, J-Ventures, Alumni Ventures, and members of the New York Angels also chipping in. Esports Insider has more here.
Aye Finance, a nine-year-old Indian startup that whose digital lending platform is tailored for small firms, has raised $37.18 million in a fresh funding round led by British International Investment. The outfit has now raised close to $200 million altogether, says TechCrunch. More here.
Antabio, a 14-year-old French company that raised a $26.9 million Series B finding round. Investors included AMR Action Fund and EIC Fund as well as previous investors BNP Paribas, Relyens Innovation Santé/Turenne Capital, and IRDI Capital Investment. More here.
Durable, a two-year-old Vancouver startup that helps small businesses build websites, raised a $14 million Series A round led by Spark Capital and including previous investors Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital. The company has raised a total of $20+ million. More here.
Fourth Power, a two-year-old Boston startup that is developing thermal batteries that it claims are 10X cheaper than lithium-ion batteries, raised a $19 million Series A round led by DCVC, with Breakthrough Energy Ventures and Black VC Consortium also contributing. TechCrunch has more here.
GFO-X, a three-year-old London startup that has developed an exchange for institutional investors to trade digital asset futures and options, raised a $30 million. M&G Investments was the deal lead. Reuters has more here.
Origin AI, a ten-year-old company based in Rockville, Md., that uses WiFi signals to detect and track the presence and movement of people and objects for property security, smart automations, and eldercare, raised a $15.9 million Series B extension led by Verisure, with Okinawa Electric Power Company also pitching in. More here.
Pivot, a French maker of spend management software, is raising another $21.6 million (€20 million) in new Series A funding just months after announcing its seed funding. The capital comes from earlier backers Visionaries, Emblem, Anamcara and Oliver Samwer. TechCrunch has more here.
|
|
|
|
|
Cathera, a thirteen-year-old Paris startup that makes a brain implant that uses ultrasound to open the blood-brain barrier and deliver drugs to the brain, raised a $4.9 million Series B round. The investment syndicate included Unorthodox Ventures as well as previous investors Supernova Invest, Saint-Genys, and Bouscas Med. European Biotechnology has more here.
Comun, a two-year-old New York neobank that allows customers to apply for an account using 100 different identification types from Latin America, including foreign country passports, raised a $4.5 million led by Costanoa Ventures, with previous investors Animo Ventures, South Park Commons, and FJ Labs also investing. TechCrunch has more here.
Helicity Space, a five-year-old startup based in Berkeley, CA, that says it has discovered a way to use plasma jets for fusion propulsion, raised a $5 million seed round. Investors included Airbus Ventures, TRE Advisors, Voyager Space Holdings, E2MC Space, Urania Ventures, and Gaingels. TechCrunch has more here.
Metafuels, a two-year-old, Zurich-based startup that's trying to make sustainable jet fuel, has raised $8 million in funding led by Energy Impact Partners and Contrarian Ventures. TechCrunch has more here.
Seam, a one-year-old San Francisco startup that says it his building a web3 social platform enabling users to code, design, and curate their perfect social spaces online, raised a $2.5 million seed round led by 1kx and including Seed Club Ventures, Sfermion, F7 Ventures, and Social Graph Ventures. More here.
Spore.bio, a one-year-old Paris startup that has developed a new pathogen-detection methodology, raised an $8.6 million pre-seed round. LocalGlobe VC led the transaction, with EmergingTech Ventures, No Label Ventures, Famille C, Better Angle, Plug & Play Ventures, Entrepreneur First, Kima Ventures, Raise Sherpas, Fair Equity, and Sharpstone Capital also piling on. TechCrunch has more here.
VirtualZ Computing, a five-year-old Minneapolis startup that claims it can connect cloud apps to mainframe data in real-time, raised a $2.2 million seed round led by Next Frontier Capital, with additional funds provided by 2M Companies, Innosphere Ventures, and Next Coast Ventures. The company has raised a total of $4.9 million. More here.
|
|
|
|
|
Three things you'll learn about in Affinity's new deal sourcing guide: Using AI to surface opportunities faster with Fifty Years, nurturing firmwide relationships over the long term with 01 Advisors, and making operational improvements so your whole team can move faster with 8VC. Don't miss out on this expertise from your peers! Download the guide to get ahead with deal sourcing in 2024.
|
|
|
|
|
BoxGroup, an early stage VC fund with offices in New York and San Francisco, raised $425 million across two new funds - BoxGroup Six, a pre-seed and seed stage generalist fund; and BoxGroup Picks, an opportunity fund. Each fund is $212.5 million. More here.
|
|
|
|
|
Epic Games Tim Sweeney told CNBC that one of the reasons Epic did better in court against Google rather than Apple is that Apple "didn’t write anything down."
FTX co-founder and former CEO Samuel Bankman-Fried's lawyer says that his client "may be at the very top of the list as the worst person I’ve ever seen do a cross examination."
|
|
|
|
|
Turns out Netflix customers aren't that into "Basic Instinct" and thousands of other titles. Here's what they did like this year.
|
|
|
|
|
What Google's loss to Epic Games means for the tech world. And, thanks to the jury's decision, the billions that Apple and Google receive from their app stores is now in jeopardy.
A 27-year-old NYU dropout and hedge fund reject has somehow managed to raise $19.2 million to build a crypto-city for tech bros in the middle of the Mediterranean.
The National Highway and Transportation Safety Administration is investigating how to require car makers to include anti-drunk-driving tech in their vehicles. TechCrunch has the story.
|
|
|
|
|
Small Hill 1, Cybertruck 0.
The new trailer for Dune: Part Two is out.
"We are Wirecutter, and last winter we sent eighty-six reporters to test fifteen hundred artificial Christmas trees. Twelve haven’t returned."
This is not a hallucination. Meet AI Vincent Van Gogh.
|
|
|
|
|
The 13 best chocolates of 2023. (If you don't see your favorite chocolate on this list, please feel free to send us a sample bar for a fair and honest evaluation.)
This 79-foot Scandinavian yacht is custom made for smooth sailing.
|
|
|
|
|
