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Skio, a 2020 Y Combinator alum that was founded by self-described college dropout Kennan Frost, has been acquired by competitor Recharge, the companies announced on Thursday. Both Skio and Recharge make products that handle subscription payments for brands. While the official press release did not disclose the terms of the deal, Frost (who had previously…
Amazon and Meta are among the big companies set to lobby India’s payments body over the dominance of Walmart-owned PhonePe and Google Pay in the country’s fast-growing instant payments network. Executives representing platforms including Amazon Pay, WhatsApp, CRED, MobiKwik, and Flipkart’s Super.money are scheduled to meet the National Payments Corporation of India on Thursday, TechCrunch…
At a US military base in central California, four-seater all-terrain vehicles roam hillside trails. This is a training exercise, but not for the people in the vehicles: This is an effort to train AI models to enter conflict zones. The autonomous military ATVs are operated by Scout AI, a startup founded in 2024 by Coby…
The world today is riven by cultural differences, political divisions, and geopolitical disputes — a challenging environment for any investor hunting for startups that can grow large enough to deliver venture-scale returns. Kompas VC has developed a regionally sensitive strategy to help it navigate, and invest in, this fragmented world. And it’s putting fresh capital…
Climate tech startups are capital intensive, timelines are long, and the technology is often considered “first of its kind.” What’s more, a key value proposition is addressing pollution — an externality that is, at best, poorly priced by the market. Those aren’t the qualities stock pickers tend to favor. And yet, public markets appear to…
Series, a social networking app, announced that it raised a $5.1 million pre-seed round, with investors including Venmo co-founder Iqram Magdon-Ismail, Pear VC, Reddit CEO Steve Huffman, and GPTZero founder Edward Tian. The company was founded early last year by Yale students Nathaneo Johnson and Sean Hargrow, both still seniors at the university. Series considers…
Redwood Materials chief operating officer Chris Lister is leaving the battery recycling company to retire, TechCrunch has learned — and he’s not the only executive that recently departed. Lister, a former vice president who led operations at Tesla’s Nevada Gigafactory, has been with Redwood since late 2023. He started as the company’s chief supply chain…
Former OpenAI executive Mira Murati’s startup, Thinking Machines Lab, has signed a new multi-billion-dollar agreement to expand its use of Google Cloud’s AI infrastructure, including systems powered by Nvidia’s latest GPUs, TechCrunch has exclusively learned. The deal is valued in the single-digit billions, according to a source familiar with the matter, and includes access to…
Redwood Materials has laid off around 135 employees, or roughly 10% of its workforce, as it restructures to better accommodate its growing energy storage business, TechCrunch has learned. The cuts come just five months after Redwood cut 5% of its workforce, and three months after it closed a $425 million funding round that boosted the…
It happens in every emerging industry: founders and investors push toward a common goal, until the money starts to roll in and that shared vision begins to diverge. Cracks are emerging in the fusion power world, which I saw firsthand at The Economist’s Fusion Fest in London last week. It didn’t dampen the overall buoyant…