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Monte Carlo raises $135M Series D at $1.6B price, showing that unicorn rounds are still a thing

If you grow this quickly, yes, you can raise capital for your software business like it's still 2021.

Cribl raises $150M to beat back rival observability tools

In software development, observability refers to keeping watch over all of an app’s components, from mobile and web clients to backend infrastructure. Given how critical this sort of visibility

DigitalOcean launches serverless product based on last year’s Nimbella acquisition

When DigitialOcean bought Nimbella last year, you knew it intended to go deeper into serverless technologies, and sure enough the company announced a new feature called DigitalOcean Functions today, b

Vultr will now let you rent a share of Nvidia’s A100 GPUs in its cloud

Vultr, the cloud platform that specializes in providing access to basic infrastructure services at a relatively low cost, today announced the launch of Vultr Talon, a new service that will offer devel

Singularity Energy raises $4.5 million seed round to decarbonize the grid

Singularity provides detailed information about the carbon intensity of the electricity grid at any given moment.

Nomagic picks up $22M for its e-commerce warehouse picking robots

Robotics are playing a growing role in the world of e-commerce logistics and fulfillment — where they are seen not just as a way to speed up operations but to drastically reduce the costs of run

Berlin’s Gorillas lays off 300, explores ‘strategic options’ in 4 countries as funds dry up for its $3B instant grocery play

It’s crunch time in the world of instant grocery delivery, with the latest turn representing a big blow specifically in Europe. Berlin-based Gorillas, which raised nearly $1 billion dollars at a

Walmart plans to expand drone delivery to six states this year

Drone delivery has been a long time coming, but its actual implementation has largely arrived in fits and starts. Some companies (Alphabet’s Wing) have made decent headway, while others (Amazon) hav

Pandas wants to give Latin American businesses buying power in Asia

Pandas connects Latin America's small businesses directly with Asian manufacturers to reduce logistical problems and high fees often imposed by importers and intermediaries.

Key European tech founders and investors launch OneUkraine charity to assist Ukraine

A host of major European tech founders and investors are today backing the launch of OneUkraine, a new charity providing sustainable humanitarian relief for the Ukrainian people. OneUkraine will be su

Moka.care raises $16 million for its corporate mental health service

French startup moka.care has raised a new $16 million Series A funding round (€15 million). The company is focused on mental well-being in the workplace. It offers a full-fledged service that sits i

South Africa’s edtech FoondaMate eyes speedy takeoff after $2M funding

South African edtech startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, the UK-based venture capital firm, to drive uptake of its Whatsapp and Facebook-based learning

Actiondesk is a spreadsheet tool that works with live data

Actiondesk is a new spreadsheet solution for the software-as-a-service era. It connects with the databases, CRMs and SaaS tools that you already use so that you can build dashboards and generate repor

Airbnb China closes domestic unit to cut costs as it bets on border reopening

Airbnb will terminate its domestic business in China, marking the partial retreat of another Western tech giant from the country. Like most of its peers, the home sharing titan is shifting its focus t

IP and cybersecurity disputes are top legal concerns for tech companies

No industry is a stranger to litigation, but for the tech sector, it appears IP and patent disputes, followed by cybersecurity and data protection issues keep tech company leaders up at night.

Snap says it will miss this quarter’s revenue goals and slow hiring

Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have e

OpenAI: Look at our awesome image generator! Google: Hold my Shiba Inu

The AI world is still figuring out how to deal with the amazing show of prowess that is DALL-E 2’s ability to draw/paint/imagine just about anything… but OpenAI isn’t the only one wo

SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

SwipeRx, a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Jo

Daily Crunch: Used-car marketplace Sylndr lands $12.6M pre-seed round, sets new record for MENA startups

Monday May 23, 2022, and we’re listening to our brand-new podcast called the TechCrunch Podcast. In it, we talk to TechCrunch writers about the stories they’re most excited about. The first episod

Max Q: Insertion burn

Hello and welcome back to Max Q. In this issue: Boeing's make it or break it launch; Fresh funding for SpaceX; News from Virgin Orbit, Rocket Lab and more
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