Startups

Cybersecurity firm Lumu raises $30M to detect network intrusions

Lumu, a startup that helps enterprises identify and isolate security compromises, today announced that it raised $30 million in a Series B round led by Forgepoint Capital, $6 million of which is debt.

Travel wheelchair Revolve Air launches on Kickstarter

Revolve Air, a travel wheelchair that can fold to cabin luggage size, is now available for pre-orders on Kickstarter at a cost of $4,999.

Gringo’s super app for Brazilian drivers adds insurance, financing with $30M Series C

The new funding will enable the company to expand its automotive credit and insurance products and introduce new features.

Senser launches its AI-enhanced observability platform, raises $9.5M

Senser describes itself as an AIOps platform that uses machine learning to help developers and ops teams more easily get to the root causes of outages and service degradations. The Tel Aviv-based comp

Resourcify, a platform to digitize waste management, raises €14M

Resourcify, a waste management and recycling platform, today announced that it raised €14 million ~($14.94 million) in a Series A round led by Vorwerk Ventures with participation from Revent, Ananda

Rayon is a collaborative design tool for architects and designers

When you think about collaborative design tools, chances are you immediately start thinking about Figma, the popular design tool that Adobe wants to acquire for $20 billion (by the way, that acquisiti

New research: Vast majority of VC-backed UK startups do *nothing* on climate emissions

Some 76% of the top 500 VC-backed UK startups have done nothing to either measure or offset their carbon emissions, according to new research shared exclusively with TechCrunch. In total, these compan

TechCrunch+ Roundup: Slashing SaaS costs, FedNow’s ‘game changer,’ diverse cap tables

Software is a company’s third-largest expense, but because it’s spread across multiple departments, it’s the CFO’s responsibility to find places to cut.

Bootstrapping is cool once again

Network or no, startup founders are increasingly having to figure out sources of financing that's not venture capital.

Kolena, a startup building tools to test AI models, raises $15M

Kolena, a startup building tools to test, benchmark and validate the performance of AI models, today announced that it raised $15 million in a funding round led by Lobby Capital with participation fro

Byju’s to cut as many as 5,000 more jobs amid business restructuring

Byju’s plans to cut as many as 5,000 jobs in the coming weeks, a person familiar with the matter said, as the Indian edtech giant looks to pare down costs amid a broader restructuring of its bus

Photo-sharing app Lapse hits top of the App Store by forcing you to invite your friends

Forget invite-only social apps, Lapse is testing a new technique to acquire its users: It forces you to invite your friends in order to get in. The reinvention of a social camera app first introduced

Alchemist Accelerator’s latest startups range from sneakernet for energy to solar panel cleaning bots

This morning is Alchemist Accelerator’s demo day, and there are 22 companies making their debut across a wide range of industries. Whether you’re building a construction business, cleaning

Tech layoffs are all but a thing of the past

Provided that tech stocks don't drop by a surprise 10%, I suspect that we're entering a period in which tech companies once again grow their headcounts

Series, which aims to replace ERP systems, lands $25M

As companies grow, they create legal entities and organizational structures to support their lines of business — each with their respective governance and compliance needs. Quickly, keeping trac

Erudit raises $10M to monitor workplaces for ‘misalignment’

Employee surveillance is on the rise. According to one poll, searches for staff-monitoring software rose by 75% in March 2020 compared with the 2019 monthly average — and demand remained strong

Crediverso takes on legal after $3.5M capital infusion

The company, which has helped thousands of users in the U.S. Latino community with financial products advice, adds legal tech and services.

Sequoia backs PartyKit to power real-time multiplayer collaboration for any app

If a company wants to offer in-app messaging or voice calls, they don’t have to develop the infrastructure themselves when there’s something like Twilio at their disposal. Likewise, if the

AI chip company Kneron raises $49M to scale up its commercial efforts

Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49 million in an extension to its Series B round from investors includ

GIC in talks to lead $40 million funding in India’s Vegrow

GIC is in talks to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two sources familiar with the matter said. The Singapore sovereign fund is evaluating
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