Discord is close to closing a round that would value the company at up to $7B
Discord, the communications service that’s become the 21st century’s answer to MUD rooms, is close to closing a new round of financing that would value the company at up to…
SEC issues proposed rulemaking to give gig workers equity compensation
The Securities and Exchange Commission has issued rules that would allow public and private companies to offer equity compensation to gig workers. The rule-making comes just weeks after California voters…
HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business
With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a…
AMP Robotics, the recycling robotics technology developer backed by investors including Sequoia Capital and Sidewalk Infrastructure Partners, is close to closing on as much as $70 million in new financing,…
Netflix commits $1 billion to make New Mexico home to one of the world’s largest studios
Netflix is committing $1 billion in production spend at its ABQ Studios in Albuquerque, New Mexico, along with plans to expand those studios, the company said. In an announcement alongside…
Approaching commercialization for its autonomous radar nav system, Lunewave raises $7 million
Lunewave, the Arizona-based startup developing a novel technology for radars for autonomous vehicles, has raised $7 million in financing as it gets ready for the commercial rollout of its systems.…
LA-based Boulevard raises $27 million for its spa management software
Boulevard, a spa management and payment platform, has raised $27 million in a new round of funding despite a business slowdown caused by the COVID0-19 pandemic. Founded four years ago…
Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19
Resilience, a new biopharmaceutical company backed by $800 million in financing from investors including ARCH Venture Partners and 8VC, has emerged from stealth to transform the way that drugs and…
Index ventures into Latin America to back Sofia, a Mexico City-based telemedicine and health insurer
Arturo Sanchez and his co-founders have spent the past two years developing the telemedicine and insurance platform, Sofia, as a way to give customers across Mexico better access to quality…
LA-based Credit Key raises $33 million for its business-to-business payments platform
Bringing to small businesses across the U.S. the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses has netted the payment and lending company Credit Key…
With new cash and a former Apple exec now at the helm, Connect Homes is ready to reconstruct homebuilding
Greg Leung had worked at Apple for years and was coming off a stint at the smart lock company Otto when he got the call to interview with Connect Homes.…
Genomatica’s expanded Aquafil partnership brings biomaterials to more consumer goods
In a deal that has potentially big implications for the sustainability of consumer packaged goods, biomaterial manufacturing technology developer Genomatica and the massive nylon material manufacturer Aquafil have partnered on…
Medable raises $91 million for its clinical trial management software
The clinical trial management software developer Medable has raised $91 million in a new round of financing as life sciences companies struggle with how to conduct the necessary validation studies…
Investors including Microsoft’s climate fund back hyperlocal environmental monitoring tech developer Aclima
Mitigating the effects of climate change and pollution is a global problem, but it’s one that requires local solutions. While that seems like common sense, most communities around the world…
Tencent Music Entertainment is backing Wave to bring virtual entertainment to China
Wave, the virtual concert platform that’s already produced events for John Legend and The Weeknd, has inked a deal to bring its virtual concerts to China through a partnership with…
Diagnoss, the Berkeley, California-based startup backed by the machine learning-focused startup studio The House, has launched its coding assistant for medical billing, the company said. The software provides real-time feedback…
Afresh has a $100 million valuation and a software service that keeps food fresh in grocery stores
Afresh, a company selling software to track demand and manage orders for fresh produce in grocery stores, is now worth $100 million. That hefty valuation comes on the back of…
Weather forecasts get an AI update with Atmo as businesses grapple with climate-related catastrophes
“Almost every business on earth is affected by weather,” says Alexander Levy, an investor serial entrepreneur whose latest company is the new weather prediction startup Atmo. The company, which graduated…
Panasonic explores a European battery deal with Norway’s largest energy and industrial companies
Panasonic, one of the world’s largest manufacturers of lithium-ion batteries, has signed a preliminary agreement with the Nordic energy company Equinor and engineering and industrial company Norsk Hydro to collaborate…
A Biden presidency doesn’t need a Green New Deal to make progress on climate change
Even without a Green New Deal, the sweeping set of climate-related initiatives many Democrats are pushing for, President-elect Joe Biden will have plenty of opportunities to move ahead with much…
As President-elect Joe Biden readies his transition team and sets the agenda for his first 100 days in office, startups can expect to see some movement on long-stalled infrastructure initiatives…
LA-based A-Frame, a developer of celebrity-led personal care brands, raises cash for its brand incubator
A-Frame, a Los Angeles-based developer of personal care brands supported by celebrities, has raised $2 million in a new round of funding led by Initialized Capital. Joining Initialized in the…
John Legend and Natalie Portman want you to try wearing fungus instead of leather
Natalie Portman and John Legend are joining a group of venture capitalists and unnamed fashion brands backing MycoWorks, a company that just raised $45 million to commercialize its technology that…
GoodRx, Walgreens, CVS shares all down on Amazon’s Pharmacy news
Consumer healthcare stocks are plummeting this morning on news that Amazon has finally launched its integrated pharmacy service. Amazon launches Amazon Pharmacy, a delivery service for prescription medications The news,…
Twentyeight Health partners with Healthify to expand its reproductive and sexual health services
Targeting the population that’s most underserved with new treatment options has been part of the mission for Twentyeight Health since its launch. Now a new partnership with the venture-backed startup…
Amazon launches Amazon Pharmacy, a delivery service for prescription medications
A little over two years after its $753 million acquisition of the prescription medicine delivery service PillPack, Amazon has finally launched Amazon Pharmacy, its online and mobile prescription medication ordering…
Sequoia-backed recycling robot maker AMP Robotics gets its largest purchase order
AMP Robotics, the manufacturer of robotic recycling systems, has received its largest purchase order from the publicly traded North American waste handling company Waste Connections. The order, for 24 machine…
Beyond Meat unveils two new versions of its Beyond Burgers
Beyond Meat has launched two new versions of its Beyond Burgers, the company announced today. The two new options will be available on store shelves in 2021, but will be…
Update: Springtide, an autism treatment center network, raises $18 million
With one in 54 children diagnosed with autism spectrum disorder in the U.S., the issue of how to treat patients diagnosed with the condition has become almost as acute as…
Sote wants to be Africa’s shipping logistics gateway
The twenty-first century could be a period of unprecedented economic growth and social change for the African continent, which is poised for explosive change — but much of that change…