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For most enterprise companies, AI is either a promise that has yet to deliver or a security risk. The effort of Lithuania’s most famous entrepreneur duo to solve that conundrum has garnered attention — and funding. Just months after Nexos.ai came out of stealth with an $8 million funding round led by Index Ventures, Nord…
SpaceX is quietly standing up a volunteer fire department to serve the sprawling launch-and-manufacturing Starbase complex, tightening its control over emergency response at a site known for rapid — and sometimes explosive — rocket development. A certificate of formation filed with the Texas Secretary of State on June 30 shows the creation of what’s called…
Many businesses that provide goods and services to the EU’s 450 million consumers must comply with new accessibility standards that took effect in June. Like the GDPR before it, this new act had companies scrambling to adjust their websites, e-commerce platforms, and banking apps. But despite similar standards existing in the U.S., many still have…
Plastic recycling startup Novoloop has inked a deal with a major manufacturer to produce its upcycled thermoplastic polyurethane at commercial scale, TechCrunch has exclusively learned. The agreement helps nudge the Menlo Park-based Novoloop through the so-called “valley of death” that many climate tech startups must slog through. Startups that depend on hardware are particularly susceptible…
When Nick Turley joined OpenAI in 2022 as the head of ChatGPT, he was tasked with commercializing the company’s research. He has made great strides toward that goal, growing the product to 800 million weekly active users. Now, Turley wants to take an even bigger swing: transforming ChatGPT into a new type of operating system…
Qapita, a Singapore-based equity management platform, has raised $26.5 million in a Series B round led by Charles Schwab. As part of the deal, Charles Schwab has introduced a new platform called Schwab Private Issuer Equity Services — powered by Qapita — which let’s U.S. startups manage their cap tables, administer stock plans, and prepare…
The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision. The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a…
A Faraday Future electric SUV caught fire at the startup’s Los Angeles headquarters early Sunday morning, leading to an explosion that blew out part of a wall, the fire department told TechCrunch. The fire was extinguished in 40 minutes, and no injuries were reported. Damage to the building — a smaller two-story structure next to…
Manny Medina, previously best-known as the founder of sales automation startup Outreach ($4.4 billion valuation), has wowed investors with his young startup, Paid. Paid just closed an oversubscribed $21.6 million seed round led by Lightspeed. With the €10 million pre-seed round it raised in March, London-based Paid has already raised $33.3 million and hasn’t even…
A wider leadership shake-up at Hyundai’s electric air taxi startup Supernal is underway just a few weeks after it paused work on its vehicle program and its CEO and CTO left, TechCrunch has learned. Supernal’s chief strategy officer, Jaeyong Song, and chief safety officer, Tracy Lamb, are no longer with the company, the startup confirmed…