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Deep tech startups in sectors such as space, semiconductors, and biotech take far longer to mature than conventional ventures. Because of that India is adjusting its startup rules, and mobilizing public capital, hoping to help more of them make it to commercial products. This week, the Indian government updated its startup framework, doubling the period…
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest…
Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup’s last secondary round through a tender. Sequoia partner Andrew Reed is joining the company’s board. The startup is now valued at $11 billion, more than three times its valuation…
Semiconductor startup Positron has secured $230 million in Series B funding, TechCrunch has exclusively learned. The outfit plans to use the capital to speed up deployment of its high-speed memory chips, a critical component for the chips used for AI workloads, sources familiar with the matter told TechCrunch. Investors in the round include Qatar Investment…
The city’s tech scene is reeling as U.S. immigration agents have escalated their crackdown in Minneapolis, killing several people, including at least two U.S. citizens. Eight Minneapolis-based founders and investors told TechCrunch that they have put much of their work on hold and now spend their days focused on their communities, volunteering at churches, and…
Varaha, an India-based climate tech startup, has raised $20 million in fresh funding as it looks to scale carbon removal projects from the Global South and position itself as a lower-cost supplier for verified emissions reductions. The investment marks the first portion of a planned $45 million Series B round led by WestBridge Capital, the…
The founder of David Protein, maker of popular high-protein nutrition bars, announced on X on Monday that longevity guru Dr. Peter Attia “has stepped down from his role as Chief Science Officer at David.” The announcement comes after Attia’s name appeared in more than 1,700 documents, including email correspondence, released on Friday as part of…
Peak XV Partners, a leading venture capital firm in India and Southeast Asia, has seen a fresh round of senior departures. These follow other leadership exits over the past year as it pushes ahead with plans to deepen its focus on AI investing and expand its footprint in the U.S., while keeping India as its…
By now, the Forbes 30 Under 30 list has become more than a little notorious for the amount of entrants who go on to be charged with fraud. Notable alumni include FTX founder Sam Bankman-Fried, Frank CEO Charlie Javice, Joanna Smith-Griffin, founder of the AI startup AllHere Education, and “pharma bro” Martin Shkreli, among others….
Defense tech company Anduril on Thursday announced its plans to expand its Southern California presence with a major campus in Long Beach, the coastal town where founder Palmer Luckey grew up. The expanded campus will eventually support about 5,500 jobs. Luckey told TechCrunch that these will be new jobs, not transfers from other operations. Anduril’s…