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Columbia Student Suspended for Cheating Tool Secures $5.3M Funding

Columbia Student Suspended for Cheating Tool Secures $5.3M Funding

Chungin “Roy” Lee, a 21-year-old former Columbia student, has raised $5.3 million in seed funding for his startup Cluely, which offers an AI tool designed to help users 'cheat' on exams, job interviews, and more. This venture emerged after Lee's suspension from Columbia for developing a tool to cheat on software engineering interviews. Cluely, which already boasts over $3 million in annual recurring revenue, has generated mixed reactions, with some praising its innovative approach while others liken it to dystopian themes from 'Black Mirror.' Both Lee and his co-founder, Neel Shanmugam, have since dropped out of university.

Created at: April 21, 2025 9:30pm

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart, Walmart's Indian e-commerce subsidiary, is set to move its headquarters back to India from Singapore in preparation for an IPO on Indian stock exchanges. The company emphasized that this shift aligns with its core operations and the potential of the Indian economy. Originally headquartered in India, Flipkart moved to Singapore in 2011 for investment benefits. The startup anticipates filing for its IPO next year, although the timeline remains unspecified. This decision follows a trend among Indian startups relocating to India amid a supportive valuation environment for public listings.

Created at: April 21, 2025 7:30pm

Bezos-Backed Slate Auto Teases Customizable EV Ahead of Launch

Bezos-Backed Slate Auto Teases Customizable EV Ahead of Launch

Slate Auto, an EV startup backed by Jeff Bezos, is generating buzz with concept vehicles spotted in California, hinting at their innovative 'Transformer'-like customization approach. Set to launch on April 24, the company plans to sell its base model, the 'Blank Slate', for around $25,000. Slate has secured over $100 million in funding and aims to attract buyers with a unique customizable experience. Investor pitches showcased the vehicle's adaptability, impressing key figures like Guggenheim Partners CEO Mark Walter. The specifics of the vehicle remain under wraps as anticipation builds.

Created at: April 21, 2025 7:00pm

Tariff Turmoil Threatens Tech M&A Market's Recovery

Tariff Turmoil Threatens Tech M&A Market's Recovery

The tech M&A market faces uncertainty as new tariffs imposed by the Trump administration disrupt potential recovery. Following a promising start to 2025 with notable acquisitions, including Google's $32 billion purchase of Wiz, the market's optimism has been dampened. Experts warn that large public tech companies may hesitate to pursue acquisitions due to depressed valuations and tariff impacts. While some deals may still occur, particularly among well-capitalized startups, the outlook for M&A activity remains cautious as companies reassess their strategies amid fluctuating valuations and economic instability.

Created at: April 21, 2025 6:30pm

PHNX Materials Secures $2.5M to Transform Coal Ash into Concrete Solution

PHNX Materials Secures $2.5M to Transform Coal Ash into Concrete Solution

PHNX Materials has raised $2.5 million in seed funding to enhance concrete sustainability by utilizing fly ash from coal waste. The startup, co-founded by Krish Mehta and Jorge Osio-Norgaard, aims to replace up to 30% of cement in concrete, significantly reducing carbon emissions. Their innovative process purifies fly ash by removing sulfur and aluminum impurities, addressing the growing shortage of quality fly ash due to coal plant closures. By providing a lower-carbon alternative, PHNX seeks to revolutionize the construction materials industry while also offering extracted sulfur and aluminum to other sectors.

Created at: April 21, 2025 6:00pm

A16z Acquires Podcast Host Erik Torenberg as New General Partner

A16z Acquires Podcast Host Erik Torenberg as New General Partner

Andreessen Horowitz continues its hiring spree by acquiring Erik Torenberg's podcast, Turpentine. Torenberg, who joins as a general partner, focuses on interviewing venture capitalists about their investment strategies. He plans to keep producing the podcast, though its focus may shift. Previously, Torenberg worked at Product Hunt and Village Global, where he contributed to launching On Deck. His investment portfolio includes notable companies like Scale AI and Figma. This move aligns with A16z's strategy of integrating diverse talent into its corporate content initiatives.

Created at: April 21, 2025 5:30pm

20 New Tech Unicorns Emerged in 2025 Amidst VC Market Challenges

20 New Tech Unicorns Emerged in 2025 Amidst VC Market Challenges

In 2025, despite a challenging venture capital environment, TechCrunch reports that 20 new tech unicorns have been established. Highlighted companies include Fleetio, a fleet operations software firm valued at $1.5 billion, and The Bot Company, a robotics platform valued at $2 billion. Other notable entrants include Celestial AI, Olipop, and Hippocratic AI, with valuations ranging from $1 billion to $2.8 billion. The list showcases diverse industries, including healthcare and robotics, indicating robust investment trends in tech startups. This information will be updated throughout the year.

Created at: April 21, 2025 3:30pm

Join the AI Revolution: Host a Side Event at TechCrunch Sessions

Join the AI Revolution: Host a Side Event at TechCrunch Sessions

TechCrunch is inviting brands to host Side Events during the TC Sessions: AI from June 1-7, 2025, at UC Berkeley. This weeklong series culminates in a major event on June 5, bringing together over 1,200 AI leaders, investors, and innovators. Hosting a Side Event offers brands a chance to gain visibility and engage directly with a targeted audience. Participants can showcase their unique insights through meetups, salons, or demos. Applications are open, but space is limited. Don’t miss the opportunity to be part of the AI conversation.

Created at: April 21, 2025 3:00pm

Final Call for TechCrunch Sessions: AI Exhibitors Before May 9 Deadline

Final Call for TechCrunch Sessions: AI Exhibitors Before May 9 Deadline

TechCrunch is urging companies to secure exhibit tables at the upcoming TechCrunch Sessions: AI, taking place on June 5 at UC Berkeley. With the May 9 deadline fast approaching, over 1,200 AI professionals are expected to attend, providing a prime opportunity for showcasing innovations. Exhibitors will gain visibility, build vital connections with investors, and enhance their credibility in the AI sector. The event offers a full-day exhibit space, brand features across platforms, and access to high-value leads. Interested parties are advised to act quickly as tables are selling out fast.

Created at: April 21, 2025 2:30pm

Amazon's Project Kuiper Launch Rescheduled to April 28 Amid Weather Delays

Amazon's Project Kuiper Launch Rescheduled to April 28 Amid Weather Delays

Amazon's Project Kuiper, aimed at competing with Starlink in satellite internet, has had its inaugural launch postponed to April 28 due to poor weather conditions. The United Launch Alliance (ULA) confirmed this new schedule, with the launch set for 7 p.m. EDT from Cape Canaveral Space Force Station in Florida. This mission will deploy the first production satellites of Project Kuiper, marking a significant step in Amazon's efforts to enhance internet accessibility. Despite delays, Amazon plans to launch a total of 3,000 satellites in the future to challenge existing providers like Starlink.

Created at: April 21, 2025 2:30am

Palantir Executive Defends Controversial Immigration Surveillance Contract

Palantir Executive Defends Controversial Immigration Surveillance Contract

In a heated exchange, Palantir's global head Ted Mabrey defended the company's $30 million contract with ICE to develop the Immigration Lifecycle Operating System amid criticism from Y Combinator founder Paul Graham. The contract, aimed at enhancing deportation strategies, has drawn scrutiny for its role in the Trump administration's policies. Mabrey emphasized the importance of their work in saving lives and urged potential hires to understand the company’s mission. Graham challenged Mabrey to publicly commit to not facilitating constitutional violations, leading to a contentious dialogue on ethics in tech.

Created at: April 20, 2025 10:00pm

OpenAI's Politeness Dilemma: A Costly Courtesy?

OpenAI's Politeness Dilemma: A Costly Courtesy?

OpenAI CEO Sam Altman humorously acknowledged that users' polite behavior towards AI models may have cost the company 'tens of millions of dollars.' His response to a user’s query on X highlighted a debate about the practicality of politeness in AI interactions. Microsoft Copilot's Kurt Beavers added that polite language influences AI responses, suggesting that civility could enhance user experience. However, he also noted that profanity can have its place. This exchange raises questions about the impact of user behavior on AI functionality and operational costs.

Created at: April 20, 2025 5:30pm

The Foldable Phone Revolution: Future Innovation or Gimmick?

The Foldable Phone Revolution: Future Innovation or Gimmick?

Foldable phones are gaining traction as a hybrid of tablets and smartphones, offering innovative portability and unique design. Major brands like Samsung and Google invest heavily in this technology, striving for a balance of productivity and style. While these devices allow for seamless multitasking, they come with hefty price tags starting at $1,000, making them less accessible to the average consumer. Durability remains a concern, with issues like screen creases and hinge problems reported. Currently seen as luxury items, their future hinges on technological advancements and cost reduction.

Created at: April 19, 2025 5:00pm

Controversial AI Startup Mechanize Aims to Replace All Human Workers

Controversial AI Startup Mechanize Aims to Replace All Human Workers

Famed AI researcher Tamay Besiroglu has launched Mechanize, a startup with the ambitious goal of fully automating all work and the economy. This initiative has sparked significant backlash, with critics questioning its implications for humanity and the reputation of Besiroglu's non-profit AI research institute, Epoch. Mechanize aims to automate primarily white-collar jobs, with a potential market size exceeding $60 trillion globally. While Besiroglu argues this could lead to economic growth and new opportunities, skeptics warn of severe job losses and diminished income for the workforce. Mechanize is currently hiring as it develops its vision.

Created at: April 19, 2025 4:30pm

OpenAI's New Models Hallucinate More Than Ever Before

OpenAI's New Models Hallucinate More Than Ever Before

OpenAI's latest reasoning AI models, o3 and o4-mini, have been found to hallucinate more frequently than their predecessors. Internal tests revealed that o3 hallucinated 33% of the time on PersonQA, while o4-mini reached 48%. This trend raises concerns as hallucinations complicate the reliability of these models for business applications. Despite improvements in coding and math tasks, the increased hallucination rates challenge their utility. OpenAI acknowledges the need for more research to address these issues, especially as the industry shifts focus to reasoning models for enhanced performance.

Created at: April 18, 2025 9:30pm

Techstars Boosts Startup Funding to $220,000, Matching Y Combinator's Model

Techstars Boosts Startup Funding to $220,000, Matching Y Combinator's Model

Techstars has announced an increase in its funding for startups to $220,000, a $100,000 rise from previous offerings. This new structure will apply to its fall 2025 batch, with $20,000 exchanged for 5% equity and an additional $200,000 through an uncapped SAFE note. The ownership percentage from the SAFE will depend on future valuations. This change aligns Techstars more closely with Y Combinator, which provides greater funding but demands more equity. Startups now face a choice between higher funding with Y Combinator or favorable terms with Techstars.

Created at: April 18, 2025 9:30pm

Lyft Expands into Europe with Acquisition of FreeNow, SPAC Merger for Kodiak Robotics

Lyft Expands into Europe with Acquisition of FreeNow, SPAC Merger for Kodiak Robotics

Lyft has announced its acquisition of FreeNow, a German multi-mobility app, for approximately $197 million, marking Lyft's entry into the European market. Concurrently, Kodiak Robotics is merging with Ares Acquisition Corporation II in a SPAC deal valued at $2.5 billion. This merger aims to capitalize on the growing demand for autonomous vehicle technology, with Kodiak CEO Don Burnette emphasizing the momentum in the autonomy sector. Other significant funding rounds include Conifer's $20 million seed investment and Kavak's $127 million equity round, highlighting a vibrant landscape in transportation innovation.

Created at: April 18, 2025 8:30pm

Bluesky Set to Introduce New Blue Check Verification System

Bluesky Set to Introduce New Blue Check Verification System

Bluesky is reportedly planning to implement a blue check verification system, as indicated by recent updates to its GitHub repository. This new system may allow multiple trusted organizations to issue blue checks, expanding verification capabilities beyond Bluesky itself. The changes, expected to be announced shortly, include an icon to signify verified users and distinguish trusted verifiers. This approach marks a significant departure from Twitter's current model, which has faced criticism for its subscription-based verification. Bluesky aims to decentralize the verification process, potentially enhancing user trust.

Created at: April 18, 2025 8:30pm

ChatGPT's Name Usage Sparks Mixed Reactions Among Users

ChatGPT's Name Usage Sparks Mixed Reactions Among Users

Recent observations reveal that ChatGPT has begun referring to users by their names, a departure from its previous behavior. Many users, including AI developers, have expressed discomfort, labeling the feature as 'creepy and unnecessary.' Despite the potential for personalized interactions, reactions on social media indicate widespread confusion and unease. OpenAI has yet to comment on the change, which some speculate may relate to its new memory feature. The backlash underscores the delicate balance between personalization and perceived invasiveness in AI interactions.

Created at: April 18, 2025 8:00pm

Startups Weekly: Venture Capital's Mixed Signals Amid Funding Fluctuations

Startups Weekly: Venture Capital's Mixed Signals Amid Funding Fluctuations

In a week marked by contrasts, startups displayed both confidence and insecurity as Figma filed for an IPO amidst market turmoil. U.K. founders expressed frustration over funding disparities compared to Silicon Valley. Meanwhile, several startups, including the AI reading app Smashing, faced tough closures. On the positive side, Marshmallow raised $90 million, and Chapter secured $75 million in funding. The latest news also highlighted Peter Thiel's Founders Fund closing a $4.6 billion growth fund, hinting at a potential shift from bearish to bullish market conditions.

Created at: April 18, 2025 5:30pm

EPA Investigates Geoengineering Startup for Air Pollution Concerns

EPA Investigates Geoengineering Startup for Air Pollution Concerns

The U.S. Environmental Protection Agency (EPA) has launched an investigation into Make Sunsets, a two-man startup from Silicon Valley that releases weather balloons filled with sulfur dioxide to cool the Earth. The practice, which aims to combat climate change, raises concerns about potential air pollution and health risks. Critics argue that geoengineering could have unforeseen effects on weather patterns. Although Make Sunsets claims its actions comply with the Weather Modification Act of 1976, the EPA's scrutiny highlights the regulatory challenges of climate modification. The company has raised $750,000 from notable investors.

Created at: April 18, 2025 3:30pm

LatAm Startups Shine at TechCrunch Startup Battlefield

LatAm Startups Shine at TechCrunch Startup Battlefield

The TechCrunch Startup Battlefield program has become a pivotal platform for Latin American startups, propelling them to international success. Companies like Salva Health, Ripio, Jefa, and Olho do Dono have leveraged the program for visibility and funding opportunities. Salva Health's breast cancer detection device and Jefa's banking services for women exemplify innovation addressing regional challenges. With increased exposure, these startups have attracted global investors and expanded their reach. The program fosters a powerful network, enhancing credibility and validation for participating companies.

Created at: April 18, 2025 3:00pm

Last Chance to Speak at TechCrunch All Stage: Application Deadline Today!

Last Chance to Speak at TechCrunch All Stage: Application Deadline Today!

Today marks the final opportunity to submit speaker applications for TechCrunch All Stage, closing at 11:59 p.m. PT. This event, taking place in Boston on July 15, invites entrepreneurs and venture capitalists to share valuable insights with over 1,200 attendees. Selected speakers will engage in interactive roundtables, fostering deep discussions on startup growth. Applicants can gain full event access, promotional highlights, and the chance to influence the startup ecosystem. Don't miss out on the chance to inspire and guide the next wave of founders.

Created at: April 18, 2025 2:30pm

OpenAI Eyes Windsurf Acquisition for $3B After Failed Talks with Cursor Maker

OpenAI Eyes Windsurf Acquisition for $3B After Failed Talks with Cursor Maker

OpenAI is reportedly in talks to acquire Windsurf, an AI coding company, for $3 billion, after unsuccessful acquisition discussions with Anysphere, the parent company of Cursor. The OpenAI Startup Fund had previously invested in Anysphere, but negotiations did not materialize. Meanwhile, Anysphere is seeking to raise capital at a valuation of approximately $10 billion. OpenAI's shift in focus to Windsurf highlights its strategy to secure a foothold in the lucrative code generation market, as Windsurf currently generates around $40 million in annual revenue, compared to Cursor's $200 million.

Created at: April 18, 2025 3:30am

Theseus Secures $4.3M Seed Funding After Viral Hackathon Tweet

Theseus Secures $4.3M Seed Funding After Viral Hackathon Tweet

Theseus, a San Francisco-based defense tech startup, has raised $4.3 million in seed funding following a viral tweet that showcased their innovative drone technology. Founded by engineers Ian Laffey, Sacha Lévy, and Carl Schoeller, the company focuses on developing hardware and software that enable military drones to operate without GPS. Despite not having military contracts yet, Theseus is collaborating with U.S. Special Forces for early testing. The funding will aid in tech development and hiring for engineering roles as the company seeks to enhance its capabilities in the defense sector.

Created at: April 17, 2025 11:00pm

Ramp Eyes $25M U.S. Government Contract After Strategic Outreach

Ramp Eyes $25M U.S. Government Contract After Strategic Outreach

Expense management startup Ramp is in consideration for a charge card pilot program under the U.S. government's SmartPay initiative, potentially worth $25 million. The company has been lobbying for this opportunity since January, seeking to showcase its technology's ability to eliminate inefficient spending. Ramp's co-founder and a venture investor previously appealed to the government's efficiency agenda, highlighting significant waste in federal expenditures. With a recent valuation of $13 billion, Ramp aims to extend its cost-saving capabilities to federal operations as part of a standard procurement process.

Created at: April 17, 2025 9:30pm

Geoff Ralston Launches New AI Safety Fund Amid Growing Industry Concerns

Geoff Ralston Launches New AI Safety Fund Amid Growing Industry Concerns

Geoff Ralston, former president of Y Combinator, has announced the launch of the Safe Artificial Intelligence Fund (SAIF) aimed at investing in startups focused on enhancing AI safety and responsible deployment. The fund will provide $100,000 checks, with a cap of $10 million, targeting projects that improve AI decision-making transparency and compliance. Ralston emphasizes a commitment to safe AI, distinguishing his approach from broader AI investments. He will also offer mentorship and leverage his extensive network to support selected startups. Notably, Ralston will avoid funding fully autonomous weapons systems.

Created at: April 17, 2025 8:00pm

Taobao Surges to Top 5 in U.S. App Store Amid Tariff-Driven Shifts

Taobao Surges to Top 5 in U.S. App Store Amid Tariff-Driven Shifts

Chinese shopping app Taobao has jumped into the Top 5 of the U.S. App Store, coinciding with a significant rise in consumer interest following President Trump's tariffs on imports from China. Downloads of Taobao increased by 514% in April, reaching approximately 185,000, as U.S. consumers look for alternatives to pricier platforms like Shein. TikTok videos highlighting direct purchases from Chinese manufacturers have fueled this trend. Taobao's climb from No. 49 to No. 2 in the shopping category reflects changing shopping habits, despite ongoing concerns about quality. Users are advised to review sellers before buying.

Created at: April 17, 2025 8:00pm

Hence AI Launches Innovative AI Advisor Amidst Trade War Challenges

Hence AI Launches Innovative AI Advisor Amidst Trade War Challenges

London-based startup Hence AI has unveiled Hence Global, an AI-driven tool designed to help organizations manage geopolitical and business risks exacerbated by President Trump's trade policies. This new software assists companies in tracking risks and offers actionable insights for mitigation, serving clients across various sectors. Priced at $1,500 annually, it aims to democratize access to essential information for startups and NGOs. The platform generates daily briefings tailored to specific industries, streamlining risk analysis and decision-making processes. Hence Global is gaining traction, attracting clients like TravelPerk and Diversifi Capital.

Created at: April 17, 2025 8:00pm

Chatbot Arena Launches Arena Intelligence Inc. to Enhance AI Benchmarking

Chatbot Arena Launches Arena Intelligence Inc. to Enhance AI Benchmarking

Chatbot Arena, a prominent AI benchmarking platform, has announced the formation of a new company, Arena Intelligence Inc., aimed at significantly enhancing its offerings. As reported by Bloomberg, this move will provide the resources needed for substantial improvements while maintaining a neutral testing environment for AI models. Founded in 2023 and primarily operated by UC Berkeley researchers, Chatbot Arena has collaborated with major companies like OpenAI and Google. The new company has not yet disclosed its funding sources or business model.

Created at: April 17, 2025 6:30pm

OpenAI's Stargate Project Eyes International Expansion Amid $500 Billion Initiative

OpenAI's Stargate Project Eyes International Expansion Amid $500 Billion Initiative

OpenAI's Stargate project, a $500 billion initiative in collaboration with Oracle and SoftBank, is exploring international investments in AI infrastructure, including the U.K., Germany, and France. Initially focused on enhancing U.S. AI capabilities, Stargate is still in the early stages of raising its first $100 billion, with SoftBank expected to contribute significantly. This expansion follows praise from former President Donald Trump when the project was announced, highlighting its potential impact on AI development.

Created at: April 17, 2025 3:30pm

Host Your Own Side Event During TechCrunch All Stage Week in Boston!

Host Your Own Side Event During TechCrunch All Stage Week in Boston!

TechCrunch invites startups and brands to host Side Events during the All Stage Week in Boston from July 13-19, 2025. This is an opportunity to engage with over 1,000 startup founders, investors, and tech leaders. Events can include mixers, workshops, or discussions, allowing hosts to enhance brand visibility. The events must be in-person, Boston-based, and cater to attendees 18 and older. There is no fee for listing your event, and hosts will gain exposure through TechCrunch's platforms. Apply now to secure your event spot and connect with the vibrant startup community.

Created at: April 17, 2025 3:00pm

Archer Aviation Proposes Electric Air Taxi Network for NYC Aiming to Revolutionize Airport Transfers

Archer Aviation Proposes Electric Air Taxi Network for NYC
Aiming to Revolutionize Airport Transfers

Archer Aviation has unveiled plans for an electric air taxi network in New York City that could transport passengers from Manhattan to nearby airports in just five to 15 minutes. Partnering with United Airlines, the startup's initiative includes nine core nodes, integrating major airports and heliports. Archer awaits FAA certification for its eVTOL aircraft, Midnight, with hopes of launching piloted flights by 2026. Meanwhile, infrastructure development is in progress, leveraging partnerships with key operators to establish necessary facilities. Future expansions are planned for cities like Los Angeles, San Francisco, and Miami.

Created at: April 17, 2025 1:00pm

Wasp Secures $3.7M Funding to Enhance Web Development Platform

Wasp Secures $3.7M Funding to Enhance Web Development Platform

Wasp, a startup co-founded by Matija and Martin Šošić, has raised $3.7 million in a funding round led by HV Capital. Launched in 2021, Wasp aims to simplify web development by integrating various tools like React and Node.js into a cohesive platform. With 26,000 GitHub stars and a growing user base, Wasp assists developers in efficiently compiling code and identifying gaps. The funding will enable Wasp to develop its product further, focusing on enhancements for version 1.0, which will include server-side rendering support and multi-language features.

Created at: April 17, 2025 1:00pm

iPhone 16e: Apple’s New Midrange Smartphone Struggles to Replace SE

iPhone 16e: Apple’s New Midrange Smartphone Struggles to Replace SE

Apple's latest release, the iPhone 16e, aims to fill the shoes of the retired SE lineup but faces challenges in user perception. Launched with Apple Intelligence features and a modern design, the device includes a 6.1-inch OLED display and improved battery life. However, its price point starts at $599, a notable increase from the SE's former pricing of $429. Despite positive initial reviews, many users express nostalgia for the SE, questioning if the iPhone 16e can truly replace it in the midrange market.

Created at: April 17, 2025 12:30pm

Smashing, the AI News Curation App, Shuts Down Due to Growth Challenges

Smashing, the AI News Curation App, Shuts Down Due to Growth Challenges

Smashing, an AI-driven news curation app founded by Goodreads’ Otis Chandler, is shutting down after struggling to achieve rapid growth. Launched in June 2024, the app aimed to aggregate news and social media content for users but failed to become a sustainable product. The company announced its closure via email, citing insufficient scaling as the primary reason. Despite raising $3.4 million from several investors, including True Ventures, Smashing could not compete in a crowded market. The news comes on the heels of similar failures in the sector, highlighting ongoing challenges in AI-powered news aggregation.

Created at: April 17, 2025 7:00am

xAI Introduces Memory Feature to Grok Chatbot for Personalized Responses

xAI Introduces Memory Feature to Grok Chatbot for Personalized Responses

Elon Musk's xAI has rolled out a new 'memory' feature for its Grok chatbot, enhancing its ability to provide personalized recommendations based on past interactions. This beta feature allows Grok to remember user preferences, similar to capabilities already available in ChatGPT and Google's Gemini. Users can view and manage their memories, including the option to delete specific entries. Currently, the feature is not accessible to users in the EU or U.K. xAI is also planning to integrate this memory function into the Grok experience on X.

Created at: April 17, 2025 2:30am

Chapter Secures $75M Funding Round, Valued at $1.5B, in Medicare Revolution

Chapter Secures $75M Funding Round, Valued at $1.5B, in Medicare Revolution

Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy, has raised $75 million, achieving a valuation of $1.5 billion. The funding round was led by private equity firm Stripes, with prior investments from J.D. Vance’s Naraya and Peter Thiel. Unlike traditional brokers, Chapter focuses on client needs, aiding seniors in selecting Medicare plans based on comprehensive analyses. Donna Shalala, former HHS Secretary, has joined the board, emphasizing that political affiliations do not define the company's mission. This funding marks a significant milestone in reshaping Medicare services for seniors.

Created at: April 16, 2025 11:30pm

Rippling Targets Revolut in Ongoing Spy Drama Over Deel

Rippling Targets Revolut in Ongoing Spy Drama Over Deel

Rippling has intensified its legal battle against Deel by involving U.K. fintech giant Revolut. Allegations surfaced from Rippling employee Keith O’Brien, claiming he was compensated to spy on the company, with payments allegedly routed through Revolut. The controversy centers on a $6,000 transfer linked to Alba Basha Westgarth, wife of Deel's COO. While Revolut has engaged legal counsel and is prepared to comply with court orders, privacy laws complicate information disclosure. The Irish High Court may eventually allow Rippling to verify the sender's identity, amid rising tensions in the fintech space.

Created at: April 16, 2025 10:00pm

HelloFresh Expands Fleet with 70 All-Electric Rivian Vans

HelloFresh Expands Fleet with 70 All-Electric Rivian Vans

HelloFresh has become the first major customer of Rivian's commercial electric vans after the automaker ended its exclusivity with Amazon. The meal-kit company has added 70 all-electric vans, which constitute nearly a quarter of its fleet. This transition is projected to save HelloFresh approximately 20,000 gallons of gasoline and reduce CO2 emissions by 200 tonnes. Rivian is eager to diversify its client base following the conclusion of its Amazon deal and has been preparing its commercial fleet since February 2025. The automaker continues to produce vans for Amazon, which has 20,000 units in operation.

Created at: April 16, 2025 8:00pm