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Defense tech startup Epirus, which specializes in anti-drone systems, has raised an oversubscribed $250 million Series D, it told TechCrunch. Epirus, based in Torrance, California, was previously valued at $1.35 billion for its $200 million Series C in 2022, per its announcement at the time. Epirus did not give a specific valuation for this round,…
Just over four years ago, climate friendly fintech startup Aspiration was on the verge of a $2 billion public listing. Now, one of the startup’s board members has pleaded guilty to wire fraud and one of the co-founders has been arrested for allegedly conspiring to defraud investors, according to a federal criminal complaint filed by…
The drive to decarbonize our economies through electrification and clean energy continues to generate momentum around battery technologies, as storage has a key role to play in enabling the green transition. While renewables are clean sources of energy compared to burning fossil fuels, their power output isn’t always consistent. In the case of solar —…
On June 5, TechCrunch Sessions: AI will kick off — and you can be a part of the industry-changing conversations that will be taking place. We have an open invitation for members of the AI community to lead breakout sessions and discussions with over 1,200 startup founders, VC leaders, and AI aficionados attending our newest event,…
Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities. Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups. The ChatGPT maker…
Tonight is the night and the clock is winding down to register for TechCrunch Sessions: AI at our Super Early Bird pricing. Register before 11:59 p.m. PT so you can save up to $325 on passes! TC Sessions: AI will bring you invaluable insights into the cutting-edge and ever-evolving world of AI through expert-led main…
With just a few words, AI models can be prompted to create a story, an image, or even a short film. But according to Weber Wong, these models are all “made by non-creatives for other non-creatives to feel creative.” In other words, they’re not built for actual creative professionals. That’s something Wong is hoping to…
Chinese AI startup DeepSeek recently declared that its AI models could be very profitable — with some asterisks. In a post on X, DeepSeek boasted that its online services have a “cost profit margin” of 545%. However, that margin is calculated based on “theoretical income.” It discussed these numbers in more detail at the end…
Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low. However, the recent…
SymbyAI, a SaaS platform that uses AI to streamline scientific research, announced a $2.1 million seed round with participation from Drive Capital and CharacterVC, among others. Launched just last year by Ashia Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps…