Valar Atomics comes out of stealth with $19M and a pilot reactor site
Companies developing small modular nuclear reactors (SMRs) have raised more than $1.5 billion in the past year, as tech companies hunger for power to train AI models and governments decide to commit to the industry. For example, X-energy raised $700 million this month, and Paris-based Newcleo raised $151 million last
Read moreTether backs stablecoin liquidity provider Mansa in $10M seed round
As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins. One of them is Dubai-based but Africa-focused Mansa, whose offering allows payments companies to settle transactions and fund customer accounts
Read moreSpore.Bio raises $23M to apply machine learning to microbiology testing
Recalls in the food and beverage industry due to contamination incidents can have catastrophic effects. Not only do companies have to pay fines and damages, but the impacts on the brand’s reputation can be long-lasting. That’s why Spore.Bio, a Paris-based deeptech startup, is trying to reinvent microbiology testing to avoid
Read moreAI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say
Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after
Read more‘For You’ feeds are not for creators, Patreon says
Patreon has continued on its crusade against algorithmic feeds with its latest State of Create report, a look at trends in the creator economy based on internal data, and it’s an effort creators can get behind. In its survey of 1,000 creators and 2,000 fans, the membership platform reported that
Read moreSaronic raises $600M to mass-produce autonomous warships
Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreStudy of TikTok, X ‘For You’ feeds in Germany finds Far Right political bias ahead of federal elections
Recommendation algorithms operated by social media giants TikTok and X have shown evidence of substantial Far Right political bias in Germany ahead of a federal election that takes place Sunday, according to new research carried out by Global Witness. The non-government organization (NGO) undertook an analysis of social media content
Read moreAfter raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its
Read moreUber ditches commissions in favor of daily fees for rickshaw drivers in India
Uber has introduced daily fees for auto rickshaw drivers in India to move away from its typical commission-based model. © 2024 TechCrunch. All rights reserved. For personal use only.
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