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Former Tesla executive Drew Baglino has quietly founded a heat pump startup, TechCrunch has learned. This is the second company founded by Baglino in the two years since he left Tesla. Sources confirmed the existence of the startup, called Sadi Thermal Machines, and TechCrunch has reviewed company filings in Delaware and California. Sadi was formed…
Amazon Ring, facing a surge in customer-support calls during last year’s holiday season, evaluated more than 40 AI voice vendors before choosing startup Vapi to handle its inbound phone traffic. Today, Ring routes 100% of its inbound calls through Vapi’s platform. That deployment helped Vapi raise a $50 million Series B led by Peak XV…
As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31. One of the employees cut that day told TechCrunch about the experience: “I had, like, this weird feeling in my stomach. I went to go sign into the VPN, and the VPN was like, ‘this user doesn’t exist…
The tech industry has spent the last decade asking whether self-driving cars need lidar sensors, cameras, or all of the above. Lidar company Ouster says it has a new answer: put them both in the same sensor. On Monday, the San Francisco-based company announced a new lineup of lidar sensors it calls “Rev8,” all of…
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…