Finland’s vast green forests are famously restorative. So restorative that they can even treat diseases. That’s according to Uute Scientific, a biotech firm based in Helsinki. The company has created…
Global venture capital activity declined in Q3, confirming that 2024 will be another weak year for venture investments and exits, according to the Q3 2024 Pitchbook/NVCA Venture Monitor First Look.…
Hosting provider WP Engine has filed a lawsuit against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power. The lawsuit comes after nearly two weeks of…
Bill Gates visiting TerraPower Isotopes, the subsidiary of the nuclear power company TerraPower that he helped found. Gates recently visited the startup’s facilities in Everett, Wash. (TerraPower Photo) Nearly a…
San Francisco’s Mission district isn’t known for corporate offices, but it’s now home to two of the world’s most well funded AI startups. Elon Musk’s artificial intelligence startup, xAI, recently…
CRV, a more than 50-year-old venture firm, is returning to investors $275 million from its $500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York…
OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values the company at $157 billion, nearly doubling its previous valuation of $86 billion,…
Now that OpenAI is becoming a for-profit company, it’s making a tidy profit in the process. reported that OpenAI has raised $6.6 billion in new funding from investors, nearly doubling…
Ali Rowghani, a former Y Combinator managing director and former Twitter executive, is launching a venture firm called Maxq. Maxq is targeting $250 million for its debut fund, Maxq Fund…
ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157…
A new joint venture between Serve Robotics sidewalk delivery robots and Alphabet’s Wing flying drone service will do a dual test run. Both tech companies hope that flying and sidewalk…
Transportation and freight network giant J.B. Hunt is on the hunt for software and digital products that will fuel its business and help it adapt to the modern world —…
(Image via Augmodo.com) Augmodo, the Seattle-based startup that wants to make it easier for retailers to keep track of inventory, raised $5.3 million in seed funding. Axios reported Wednesday that…
Amsterdam-based Lapsi Health is looking to firmly position itself in the rapidly-evolving market of smart medical devices. The startup announced yesterday the US launch of its first clinical support tool,…
Instant wants to recapture some of the magic of the pre-Google-acquisition Firebase by building a modern, Postgres-based open source version of it. Like the original Firebase, San Francisco-based Instant focuses…
Transportation and warehousing are multi-trillion-dollar industries, but the technologies that power them are often outdated, inefficient and siloed. Pallet, which is announcing an $18 million Series A funding round led…
Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial…
Rippl co-founders Inca Dieterich, left, and Kris Engskov. (Rippl Photo) Rippl, a Seattle startup providing virtual health care for patients with dementia, announced $23 million in new funding. The company…
Toyota is betting big on air taxis. | Image: Toyota Toyota is investing another $500 million into Joby Aviation to support the air taxi startup’s certification and commercial production of…
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