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Security compliance and automation platform Drata nabs $200M at $2B valuation

Drata, a security compliance and automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has raised $200 million in a Series C round of funding co-led by Iconiq Growth an

3 methods for investors assessing AI-readiness in portfolio companies

For investors, assessing a portfolio company’s AI-readiness today is just as important as scrutinizing its books.

MarginEdge lands $45M to give restaurants real-time spend data

In the past year, MarginEdge grew its revenue 100% and is now working with 4,000 customers and processing 80,000 invoices per week.

Proton Drive end-to-end encrypted cloud storage arrives on mobile

Proton, the Swiss company behind a range of privacy-focused online services, has officially brought its end-to-end encrypted (E2EE) cloud storage service to mobile. Founded in 2014, Proton was initial

Xiaomi’s India chief business officer quits amid growing scrutiny

Xiaomi’s chief business officer in India has resigned as the Chinese smartphone giant faces regulatory pressure and intense scrutiny from the Indian government and sees growing competition from

Gaia raises $3M to bring more science to the art of forestry

It’s all good and well to sell a carbon credit, but if you chop down the tree representing that credit as soon as the money hits the bank account, it’s not exactly a win for the planet. Ga

StructureFlow helps attorneys visualize deal flow in a workflow-style interface

Most M&A deals involve a lot of activity from the buyer to the financiers and a myriad interested parties. The typical way of describing this is to write dense text in a contract explaining the re

African credit-led fintech Finclusion raises additional capital amidst rebrand

African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially rebrands to Fin, the company said in a statement shared with TechCrunch.  The news

Autonomous and electric truck company Einride raises $500M in equity and debt

Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. The cash injection constitutes an equity-based $200 mill

Uber and Motional launch robotaxi service in Las Vegas

Uber and Motional, the Hyundai-Aptiv joint venture focused on commercializing self-driving technology, have launched a robotaxi service in Las Vegas — the first step in the companies’ 10-y

WhatsApp starts rolling out 3D avatars

WhatsApp has started rolling out 3D avatars for its users around the globe that can be used as profile photos or custom stickers — months after their debut on Instagram, Facebook and Messenger. On W

Harbor Lab secures €6.1M to make shipping dock more easily and cheaply

When a ship goes into a commercial port, there are lots of port call-related costs. These are called things like ‘disbursements’ and ‘port call expenses’. They can include, port dues, towage a

FTX marked down Chipper Cash’s $2B valuation to $1.25B

African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to documents shared by the Financial Times on Alameda’s venture c

Chrome is adding shortcuts to easily search for tabs, bookmarks, and history from the address bar

Google is making it easier for users to search for tabs, bookmarks, and history from the address bar with new shortcuts. You can now type @tabs, @bookmarks, or @history to begin searching for websites

Atomico report: European startups on track to raise $85B this year, down from $100B+ in 2021

Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 when funding passed $100 billion, according to a new report published today. The fig

India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns

India just started rolling out 5G networks after much anticipation and years-long delay. Service operators expect to bring next-generation cellular connectivity to every town in the world’s seco

India’s Blume Ventures more than doubles in size, raises over $250 million for new fund

Indian venture firm Blume has raised over $250 million for a new fund, its fourth and largest, as it looks to get more aggressive in courting early-stage startups and going deeper into supporting its

As its fashion empire booms, Shein wants an ESG makeover

Shein, the world’s largest fashion ecommerce site, has taken significant steps to ramp up its environmental, social, and governance — or ESG — efforts. But responsible fast fashion s

American Battery Factory’s first ‘gigafactory’ inches toward reality

American Battery Factory’s big plan to build a bunch of, erm, American battery factories got a jolt Tuesday when Tucson, Arizona, gave the company the go-ahead to locate its first plant near th

Daily Crunch: Lensa AI can transform Photoshopped fakes into nonconsensual pornography 

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