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Nium crosses $1B valuation with $200M Riverwood Capital-led round

Nium’s new round adds fuel to a fire shared by a number of companies all going after a global B2B payments market valued at $120 trillion annually.

Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y

Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted.

Tesla’s solar and energy storage business rakes in $810M, finally exceeds cost of revenue

Small as it is, the division is selling more energy storage and solar. Revenue from this division grew 62% from the previous quarter and more than 116% from the same quarter in 2020.

No new Galaxy Note this year as Samsung’s foldables gain S Pen functionality

Samsung sent out invites for its August 11 Unpacked event last week. While it’s clear this is going to be packed (somewhat ironically) even by the company’s standards, the event may well be as not

Daily Crunch: Accused January 6 insurrectionist must use face to unlock laptop, orders judge

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

iRocket to begin rocket engine testing at NASA’s Marshall Space Flight Center

Reusable rocket startup iRocket has entered into a new partnership with NASA in its quest to reach commercialization in just two years. The partnership will give iRocket access to testing facilities a

Tesla’s quarterly profit surpasses $1 billion

Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a

Citizen’s crime livestreams are no substitute for local journalism

In May, the neighborhood crime-watch app Citizen offered its user base $30,000 to track down a suspected arsonist on live video, only to discover that they’d sent a mob of civilians after the wr

Duolingo boosts IPO price target in boon to edtech startups

Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.

How to prepare for M&A, your most likely exit avenue

Despite the headlines about billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups.

Glyphic Biotechnologies raises $6M to accelerate protein sequencing by orders of magnitude

The whole human proteome may be free to browse thanks to DeepMind, but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. Glyphic Biotech

Amazon-backed Indian D2C beauty brand MyGlamm raises $71 million

MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing roun

Polestar to double its retail stores as it seeks to ramp up EV sales

Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans.

I get it, Elizabeth Holmes

The next time someone jokes at a cocktail party about Elizabeth Holmes’ baritone voice, remind them how dumb is it that we give more money to people with deep voices.

Lucid Motors kicks off market debut with EV factory expansion plans

The former Lucid Motors will expand its factory in Casa Grande, Arizona, by 2.7 million square feet and aims to ultimately produce 400,000 vehicles a year.

Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement

This new agreement could allow Lordstown to continue by providing the much-needed capital required to produce its first electric vehicle.

Court orders US Capitol rioter to unlock his laptop ‘with his face’

The FBI argued that compelling Guy Reffitt to unlock his computer by sitting in front of it 'would not run afoul of the defendant's Fifth Amendment right against self-incrimination.'

A magnetic helmet shrunk a deadly tumor in its first test

We've seen helmets and AI that can spot brain tumors, but a new hard hat can actually treat them, too. Researchers used a helmet that generates a magnetic field to shrink a deadly tumor by a third.

As China shakes up regulations, tech companies suffer

Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.

Solarisbank raises $224M at a $1.65B valuation to acquire Contis, expand API-based embedded banking tech in Europe

The round comes about a year after Solarisbank's last round of $67.5 million, but as a sign of the times, what is perhaps more notable is that its valuation has nearly quintupled since then.
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