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Dottxt Secures $11.9 Million to Enhance AI Communication

Dottxt Secures $11.9 Million to Enhance AI Communication

Dottxt, a U.S.-based startup, has raised $11.9 million to improve how AI models understand and generate structured data. Founded by the team behind the open-source project Outlines, Dottxt aims to bridge the gap between traditional software engineering and generative AI workflows. The startup's structured generation approach allows developers to guide large language models more effectively. CEO Rémi Louf emphasizes the importance of grammar and structured text in maximizing AI utility. With growing demand for structured generation tools, Dottxt plans to expand its remote team and focus on enterprise clients in the coming months.

Created at: October 17, 2024 4:00pm

Zuora Set to be Acquired by GIC and Silver Lake for $1.7 Billion

Zuora Set to be Acquired by GIC and Silver Lake for $1.7 Billion

Zuora, a leading subscription management software firm, has reached an agreement to be acquired by private equity firms GIC and Silver Lake for $1.7 billion in an all-cash deal. The acquisition, expected to close in Q1 2025, will transition Zuora from public to private ownership, with CEO Tien Tzuo remaining at the helm. Founded in 2007, Zuora has pioneered solutions for businesses navigating the subscription economy. The deal comes amidst a surge in private equity mega-deals, highlighting the growing importance of subscription models in the market.

Created at: October 17, 2024 3:00pm

Navigating Startup Decisions: When to Cash Out or Scale Up

Navigating Startup Decisions: When to Cash Out or Scale Up

At TechCrunch Disrupt 2024, industry leaders Naveen Rao from Databricks, Kamakshi Sivaramakrishnan from Snowflake, and Dharmesh Thakker of Battery Ventures will tackle the critical decision-making process for startup founders debating whether to sell or continue scaling their businesses. The discussion will offer insights into market timing, growth challenges, and strategic advice from their extensive experiences. Founders attending will gain invaluable knowledge to navigate today's complex startup landscape. The event is set for October 28-30 at Moscone West in San Francisco, with tickets selling quickly.

Created at: October 17, 2024 3:00pm

AI Startup Abel Secures $5 Million to Revolutionize Police Report Writing

AI Startup Abel Secures $5 Million to Revolutionize Police Report Writing

Abel, founded by Daniel Francis, has raised $5 million in a seed round led by Day One Ventures, with backing from Y Combinator. The startup utilizes AI to automate police report writing, streamlining the process that often consumes a third of officers' time. Inspired by personal experiences with law enforcement inefficiencies, Francis aims to ease the burden on police, enabling them to focus more on their core duties. Abel is already operational in Richmond, California, enhancing report efficiency for local officers. Francis plans to use the funding to expand his engineering team and improve the technology.

Created at: October 17, 2024 2:30pm

UK Startup Farewill Acquired by Dignity for $16.8M

UK Startup Farewill Acquired by Dignity for $16.8M

Farewill, a digital end-of-life services startup based in the U.K., has been acquired by funeral service provider Dignity in a share deal valued at £12.9 million ($16.8 million). Founded in 2015, Farewill offers online tools for writing wills and organizing probate. This acquisition aims to enhance Dignity's digital transformation and expand its market share in the $190 billion death care sector. Despite recent growth in sales and revenue, Farewill reported operational losses of £4.2 million. The deal is pending regulatory approval and is expected to finalize by January 2025.

Created at: October 17, 2024 2:30pm

Top VCs to Judge Startup Battlefield 200 Final at TechCrunch Disrupt 2024

Top VCs to Judge Startup Battlefield 200 Final at TechCrunch Disrupt 2024

TechCrunch Disrupt 2024 is set to feature the Startup Battlefield 200, showcasing 200 selected startups. A final group of esteemed venture capitalists will evaluate five standout companies during the final pitch on October 30. The event will provide insights from leading investors including Navin Chaddha of Mayfield Fund and Chris Farmer of SignalFire. Attendees can learn key traits for startup success while witnessing live pitches. The competition promises to be intense, with a $100,000 prize for the winner. The event will take place at Moscone West, San Francisco from October 28-30.

Created at: October 17, 2024 2:30pm

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Private equity firm Permira has successfully acquired Squarespace, ending its run as a publicly-traded company. Initially offering $44 per share, Permira increased its bid to $46.50 after pushback from shareholders and proxy advisory firms. The acquisition is valued at approximately $7.2 billion, marking one of the largest take-private transactions of 2024. Additionally, Squarespace sold its restaurant reservation service, Tock, to American Express for $400 million. CEO Anthony Casalena remains a significant shareholder post-acquisition, alongside notable VC firms.

Created at: October 17, 2024 1:00pm

Eclipse Ventures Expands to NYC, Strengthening East Coast Investment Focus

Eclipse Ventures Expands to NYC, Strengthening East Coast Investment Focus

Eclipse Ventures has opened a new office in New York's Soho neighborhood, marking its first expansion outside Silicon Valley since its founding in 2015. The venture capital firm aims to enhance its investment in East Coast startups, particularly in manufacturing, supply chain, healthcare, and infrastructure. Partner Kaitlyn Glancy emphasized the growing demand for innovation in legacy industries, driven by recent challenges in supply chains and transportation. The New York office will support existing portfolio companies and attract new founders. Eclipse is actively investing from its recent $720 million fund and seeks to engage with local entrepreneurs.

Created at: October 17, 2024 1:00pm

AI App Manifest Aims to Tackle Gen Z's Loneliness Epidemic

AI App Manifest Aims to Tackle Gen Z's Loneliness Epidemic

Amy Wu, founder of the mental health app Manifest, believes that technology can help combat loneliness among Gen Z. The seed-stage startup has raised $3.4 million to create a platform that allows users to express their feelings and receive AI-generated affirmations. With a staggering 73% of young adults reporting feelings of loneliness, Manifest offers bite-sized wellness interactions through an engaging interface. While not a replacement for professional help, Wu hopes the app provides a comforting space for young people navigating their emotional challenges.

Created at: October 17, 2024 1:00pm

India's Central Bank Halts Navi's Loan Operations Amid Regulatory Issues

India's Central Bank Halts Navi's Loan Operations Amid Regulatory Issues

The Reserve Bank of India has ordered Navi Finserv, founded by Flipkart co-founder Sachin Bansal, to cease new loan disbursements starting October 21. Citing violations in interest rates and regulatory guidelines, the central bank emphasized the need for compliance in income assessment and asset classification. This decision follows multiple warnings regarding responsible lending practices. While existing customers can continue to receive services, Navi must implement corrective measures to resume lending. The move adds to Navi's challenges, including a previous rejection of its banking license application.

Created at: October 17, 2024 12:30pm

Cyera Acquires Trail Security for $162M, Eyes $3B Valuation

Cyera Acquires Trail Security for $162M, Eyes $3B Valuation

Cyera, a U.S.-based cybersecurity unicorn, has acquired Trail Security for $162 million, marking its first acquisition amid a rapid growth phase. The deal enhances Cyera's data security posture management with Trail's data loss prevention technology. As it expands, Cyera is also raising at least $200 million at a pre-money valuation of around $3 billion. The acquisition aligns with market trends favoring comprehensive security platforms over standalone solutions. All 40 Trail employees will join Cyera, further bolstering its capabilities in an increasingly demanding cybersecurity landscape.

Created at: October 17, 2024 10:30am

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto, a leading Indian quick commerce startup, is in advanced talks to raise $100 million, marking its third funding round in just six months. The Mumbai-based company, known for delivering groceries and office supplies in 10 minutes, aims to attract more domestic investors, including high-net-worth individuals and family offices. The new investment values Zepto at $5 billion post-money, maintaining its valuation from a recent $340 million round. With over $1 billion raised recently, Zepto plans to go public next year, projecting 150% growth in the coming year.

Created at: October 17, 2024 7:30am

Accel Eyes $30M Investment in India's Truemeds, Valuation at $330M

Accel Eyes $30M Investment in India's Truemeds, Valuation at $330M

Accel is reportedly in advanced talks to lead a $30 million to $40 million funding round for Truemeds, an Indian online pharmacy aiming to provide affordable generic medications. Sources indicate a proposed valuation of approximately $330 million for the Mumbai-based startup. Truemeds distinguishes itself by eliminating middlemen in the supply chain, allowing direct access to generic options recommended by doctors. This funding could more than double its previous valuation of $132 million from last year. The online platform facilitates consultations and deliveries, reaching customers in remote areas.

Created at: October 17, 2024 5:30am

ODD Secures $27M for Innovative Diamond Chips to Aid Fukushima Cleanup

ODD Secures $27M for Innovative Diamond Chips to Aid Fukushima Cleanup

Ookuma Diamond Device (ODD) has raised approximately $27 million to develop diamond semiconductor technology aimed at clearing radioactive debris at the Fukushima Daiichi Nuclear Power Plant. The startup plans to construct a manufacturing facility by January 2025, producing diamond chips that outperform traditional silicon in harsh environments. This funding boosts ODD's total to around $45 million since its inception. Diamond semiconductors, made from methane gas, promise superior thermal management and efficiency. ODD is in discussions with over ten global clients in nuclear and aerospace sectors, positioning itself as a leader in this innovative technology.

Created at: October 17, 2024 12:00am

OroraTech Secures $25M for Advanced Wildfire Detection Satellites

OroraTech Secures $25M for Advanced Wildfire Detection Satellites

OroraTech has raised $25 million to enhance its space-based wildfire detection capabilities. The German startup currently operates two thermal-infrared satellites and plans to expand its constellation to eight by mid-2025. This funding round, led by Korys and the European Circular Bioeconomy Fund, will support the development of predictive AI systems and the launch of the FOREST-3 satellite in early 2025. OroraTech aims to provide near-real-time monitoring of wildfire-prone areas, having recently secured a €20 million contract to monitor forests in Greece.

Created at: October 16, 2024 11:30pm

Apple Collaborates with BYD to Develop Battery for Canceled Car Project

Apple Collaborates with BYD to Develop Battery for Canceled Car Project

Apple worked with Chinese automaker BYD Co. for several years on a battery system intended for its now-canceled car project, as reported by Bloomberg. The collaboration focused on lithium iron phosphate (LFP) cells, where Apple provided engineering expertise while BYD contributed manufacturing resources. The battery was designed to be safer and offer a longer range than standard EV batteries. Although Apple halted the car initiative, insights from this project have benefited the development of other Apple technologies, including the Vision Pro and Neural Engine chip.

Created at: October 16, 2024 11:30pm

SpaceX Sues California Agency Over Launch Approval Denial and Political Bias

SpaceX Sues California Agency Over Launch Approval Denial and Political Bias

SpaceX has initiated legal action against the California Coastal Commission following the agency's rejection of its proposal to increase annual launches from the state’s coastline to 50. The commission's decision, influenced by CEO Elon Musk's political activities, raised allegations of political discrimination. While the U.S. Air Force backs SpaceX's launches as vital for national security, the commission demands a coastal development permit due to the dual nature of the company's activities. This case highlights the tension between federal and private business operations in the space sector.

Created at: October 16, 2024 10:00pm

Y Combinator-Backed Fintech CapWay Shuts Down Amidst Challenges

Y Combinator-Backed Fintech CapWay Shuts Down Amidst Challenges

CapWay, a fintech startup backed by Y Combinator, has officially shut down, as confirmed by its founder, Sheena Allen. The company aimed to provide financial services to underserved communities, known as banking deserts. Allen expressed disappointment over the closure, citing a failed acquisition and the challenges within the fintech sector. Despite raising nearly $800,000, CapWay struggled to secure a banking partner amid heightened requirements and increased competition for funding, particularly affecting Black founders. Allen remains committed to financial inclusion and is exploring new entrepreneurial opportunities.

Created at: October 16, 2024 9:30pm

Fisker Bankruptcy Court Approves Liquidation Plan, Resolving Recall Repair Costs

Fisker Bankruptcy Court Approves Liquidation Plan, Resolving Recall Repair Costs

The bankruptcy court in Delaware has approved Fisker's liquidation plan, ending a four-month process. This decision clarifies the responsibility for labor costs related to two recalls affecting Fisker’s Ocean SUVs. Owners must initially pay for labor but can seek reimbursement from the liquidation trustee. Fisker also reached a deal with American Lease to secure cloud data essential for operating its remaining EV fleet, allowing the leasing company to pay an additional $2.5 million. Creditors will receive a share from the sale of approximately $1 billion in assets, including manufacturing equipment.

Created at: October 16, 2024 7:00pm

AWS Faces Challenges as Top AI Exec Departures Raise Concerns

AWS Faces Challenges as Top AI Exec Departures Raise Concerns

Amazon Web Services (AWS) has lost a key AI executive, Matt Wood, after 15 years with the company. His exit comes amid AWS's struggle to keep pace in the generative AI market, where it has faced criticism for missed opportunities and technical setbacks. Investors are wary, with Amazon's stock recently declining significantly. AWS CEO Matt Garman is now focused on revitalizing the division through acquisitions and custom chip development. However, skepticism remains about AWS's ability to regain momentum in the competitive landscape of AI.

Created at: October 16, 2024 5:30pm

GM Invests $10M in Forge Nano to Boost EV Battery Performance and Safety

GM Invests $10M in Forge Nano to Boost EV Battery Performance
and Safety

General Motors has partnered with startup Forge Nano, investing $10 million to enhance electric vehicle battery performance and longevity. The collaboration centers around Forge Nano's Atomic Armor coating technology, which aims to improve the safety and efficiency of battery cells. GM Ventures has previously invested in various battery startups, totaling $167 million across 18 companies. Despite a 60% increase in EV sales year-over-year, GM's overall sales of EVs remain low. The partnership signals GM's shift towards a more diversified battery strategy as it aims to innovate in the EV market.

Created at: October 16, 2024 5:30pm

Amazon Invests in Nuclear Power: Partners with X-Energy for Small Reactors

Amazon Invests in Nuclear Power: Partners with X-Energy for Small Reactors

Amazon has joined Microsoft and Google in supporting nuclear energy by investing in startup X-Energy. The tech giant announced three deals to develop small modular reactors (SMRs) that will add 300 megawatts of capacity in data center regions of the Pacific Northwest and Virginia. The construction of four SMRs in Washington could ultimately power one million homes. X-Energy's innovative reactor design promises a safer fuel system and aims to generate 5,000 megawatts of new nuclear power by 2039. These initiatives mark a significant shift towards nuclear energy amidst rising competition from renewable sources.

Created at: October 16, 2024 5:00pm

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card, the leading cryptocurrency exchange in Africa, has raised $33 million in Series C funding led by Blockchain Capital. This investment will help the platform focus on its business customers, pivoting from its initial B2C model. With this new strategy, Yellow Card aims to support around 30,000 businesses in managing payments and treasury through stablecoins. The company reports a surge in transaction volumes, climbing from $1.7 billion to over $3 billion. The funding will also facilitate product development and regulatory engagement in a rapidly evolving crypto landscape.

Created at: October 16, 2024 5:00pm

Glovo Introduces Social Features to Enhance Food Delivery Experience

Glovo Introduces Social Features to Enhance Food Delivery Experience

Glovo, the Spanish food delivery service, is implementing social features to increase user engagement within its app. Users can now connect with friends, share restaurant recommendations, and organize favorite eateries through a new 'Picks' feature. The app will allow restaurants to upload food preparation videos in a TikTok-style feed to enhance the user experience. Glovo plans to launch these updates in Barcelona first, with a broader rollout across Spain and beyond. The company aims to improve food discoverability while maintaining high privacy standards for user data.

Created at: October 16, 2024 4:30pm

Airbnb's Co-Host Network Revolutionizes Property Management for Hosts

Airbnb's Co-Host Network Revolutionizes Property Management for Hosts

Airbnb has launched a Co-Host Network aimed at assisting hosts with multiple listings. This initiative connects hosts with top-rated co-hosts who specialize in property management, enhancing efficiency and profitability. The network allows hosts to hire experienced co-hosts for various tasks, including creating listings and managing guest communications. With an average host managing seven properties, this service offers a potential for increased earnings. Additionally, Airbnb is exploring AI tools for improved support and enhanced guest experiences, solidifying its commitment to innovation in the rental market.

Created at: October 16, 2024 3:30pm

Paladin's Drones Aid Asheville in Hurricane Helene Response

Paladin's Drones Aid Asheville in Hurricane Helene Response

During Hurricane Helene, Asheville's police sought assistance from Paladin, a public safety drone startup. The company mobilized its team to locate individuals and deliver supplies, despite severe weather and communication disruptions. Paladin's software enabled remote drone control, enhancing situational awareness for first responders. Recently, the startup raised $5.2 million to expand its capabilities, including emergency supply delivery. CEO Divy Shrivastava emphasized the importance of their technology in improving response times and clearing unnecessary 911 calls. The demand for such innovative solutions in public safety continues to grow.

Created at: October 16, 2024 3:30pm

Mistral Launches Innovative AI Models for Edge Devices

Mistral Launches Innovative AI Models for Edge Devices

French AI startup Mistral has unveiled its first generative AI models, 'Les Ministraux,' optimized for edge devices like laptops and smartphones. This new model family includes two variants, Ministral 3B and Ministral 8B, capable of processing up to 128,000 tokens. Designed for local, privacy-first applications, these models cater to needs such as on-device translation and autonomous robotics. While the 8B model is available for commercial use, a license is needed for 3B. Developers can also access both models via Mistral’s cloud platform, Le Platforme.

Created at: October 16, 2024 3:00pm

Samsung Set to Launch a 'Slim' Galaxy Z Fold 6 Special Edition Soon

Samsung Set to Launch a 'Slim' Galaxy Z Fold 6 Special Edition Soon

New rumors indicate that Samsung is preparing to unveil a 'Slim' version of its Galaxy Z Fold 6, dubbed the Galaxy Z Fold Special Edition, as early as October 25. This upcoming model aims to offer a thinner design, measuring just 10.6mm when folded and 4.9mm when unfolded. The device will feature a 6.5-inch cover screen and an impressive 8-inch internal display. Samsung's move comes as it seeks to strengthen its position against rising Chinese competitors in the foldable smartphone market. However, details on pricing and global availability remain undisclosed.

Created at: October 16, 2024 1:31pm

Apple Launches iPad Mini 7 with A17 Pro Chip and Enhanced Features

Apple Launches iPad Mini 7 with A17 Pro Chip and Enhanced Features

Apple has officially unveiled the iPad mini 7, marking significant upgrades from its predecessor. The new tablet is powered by the A17 Pro chip, enabling advanced Apple Intelligence capabilities. Users can expect an improved 8.3-inch Liquid Retina display, addressing previous display issues. The iPad mini 7 supports Pencil Pro and will ship with iPadOS 18. Pricing starts at $499 for the 128GB model, with availability set for October 23. The launch follows a lengthy wait, as the last model was introduced three years ago. This release aims to rejuvenate the iPad mini lineup amidst past controversies.

Created at: October 16, 2024 1:31pm

Treehouse Revolutionizes Electrician Services with AI to Combat Workforce Shortage

Treehouse Revolutionizes Electrician Services with AI to Combat Workforce Shortage

Treehouse aims to address the U.S. electrician shortage, projected to grow 11% annually, by utilizing AI to optimize job quoting and installation processes. Co-founder Erik Owski highlights the inefficiencies of traditional site visits, which the company mitigates by leveraging data on housing and electrical jobs. With a recent $16 million Series A funding, Treehouse plans to enhance its automation and expand operations across all 50 states. The startup focuses on EV charger installations and other electrical services, positioning itself as a licensed contractor in a competitive market.

Created at: October 16, 2024 1:31pm

Amazon Revamps Kindle Line with AI Features and New Colors

Amazon Revamps Kindle Line with AI Features and New Colors

Amazon has unveiled significant updates to its Kindle line, introducing a color option and enhancing functionality across models. The new Kindle Scribe will feature AI-powered text summaries and improved note-taking capabilities, priced at $399. The popular Kindle Paperwhite receives a display upgrade to seven inches and 25% faster page turns, starting at $160. Additionally, the base Kindle boasts brighter lighting and a new 'matcha' green color, priced at $110. The Kindle Scribe is set to ship on December 4, while the other models are available now.

Created at: October 16, 2024 1:31pm

Lightmatter Secures $400M to Revolutionize AI Datacenters with Photonic Technology

Lightmatter Secures $400M to Revolutionize AI Datacenters with Photonic Technology

Lightmatter, a photonic computing startup, has successfully raised $400 million to enhance the efficiency of modern datacenters. The company's innovative optical interconnect layer allows hundreds of GPUs to operate in unison, addressing significant bottlenecks in AI model training. As demand for high-performance computing surges, Lightmatter's technology promises to improve data transfer speeds and reduce latency. With major datacenter players already showing interest, the startup is positioned for rapid growth. This funding round values Lightmatter at $4.4 billion, highlighting its potential in the evolving tech landscape.

Created at: October 16, 2024 1:30pm

Fable Secures $25M to Enhance Accessibility Tools for Cognitive and Hearing Impairments

Fable Secures $25M to Enhance Accessibility Tools for Cognitive and Hearing Impairments

Fable, a Toronto-based startup focused on digital accessibility, has successfully raised $25 million in funding to expand its services for people with cognitive and hearing disabilities. Since its inception in 2020, Fable has aimed to integrate accessibility into product development processes, shifting responsibility beyond specialists. The company plans to enhance AI training data inclusivity, addressing biases that affect individuals with disabilities. With this funding, Fable aims to develop new teams and products while empowering enterprises to monitor accessibility metrics across numerous digital products.

Created at: October 16, 2024 1:00pm

Airbnb Unveils Co-Host Network to Simplify Property Management for Hosts

Airbnb Unveils Co-Host Network to Simplify Property Management for Hosts

Airbnb has launched a Co-Host Network, allowing hosts to hire top-rated local co-hosts for property management tasks. This initiative aims to alleviate the complexities of managing multiple listings, particularly for hosts facing declining incomes. Initially, the company has onboarded 10,000 hosts across ten countries, all rated above 4.8. Co-hosts can assist with diverse tasks, including guest support and pricing strategies, while setting their own service rates. Airbnb is also incorporating AI to enhance user support and streamline operations for both hosts and guests.

Created at: October 16, 2024 12:30pm

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Autone, a supply chain platform founded in 2020, has successfully raised $17 million in Series A funding, led by General Catalyst. The company aims to streamline inventory management for mid-market retailers and premium brands facing complex supply chains. Notable investors include Speedinvest and YCombinator, bringing total funding to $20 million. Autone's co-founders, with backgrounds in luxury fashion, leveraged their experience to create a solution that reduces inventory risk and enhances purchasing efficiency. Their client roster includes brands like Courreges and Roberto Cavalli.

Created at: October 16, 2024 10:00am

Kenya's Octavia Secures $3.9M to Pioneer Carbon Removal Technology

Kenya's Octavia Secures $3.9M to Pioneer Carbon Removal Technology

Octavia Carbon, a Kenyan startup focused on Direct Air Capture (DAC), has raised $3.9 million in seed funding to enhance its carbon removal capabilities. Founded two years ago, Octavia plans to expand its technology to capture up to 1,500 tons of CO2 annually by 2025. The startup’s innovative approach includes liquefying captured carbon for underground storage in Kenya’s Rift Valley, which has optimal geological conditions. Co-founders Martin Freimüller and Duncan Kariuki aim to leverage local renewable energy sources to achieve scalable operations while addressing climate change effectively.

Created at: October 16, 2024 10:00am

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity, an AI-driven support automation firm, has raised $26 million in Series D funding, surpassing its initial goal of $5 million due to strong backing from investors like TVC Capital and Toloka.vc. The company has also acquired three firms, including enterprise search company Lucy, enhancing its customer service automation capabilities. CEO David Karandish emphasized the importance of a comprehensive platform for improving customer interactions. With over 2,500 brands served and plans to grow its workforce to 200 by year-end, Capacity is poised for significant expansion and profitability.

Created at: October 16, 2024 7:30am

Node.vc Secures €71 Million for First Fund to Empower Startups

Node.vc Secures €71 Million for First Fund to Empower Startups

Swedish venture capital firm Node.vc has successfully closed its first fund, raising €71 million to invest in startups across the Nordics and Baltics. The fund aims to leverage the expertise of its team, which includes 70 founders among its limited partners. Node.vc plans to focus on sectors such as entertainment, work, and platform technologies, with an average investment of €1.3 million per startup. The firm believes that the recent layoffs in Scandinavian unicorns may provide a wealth of available talent for emerging startups. Node.vc is optimistic about the potential of AI in transforming industries.

Created at: October 16, 2024 7:00am

Storio: A French Startup Pioneering Smart Energy Storage for Solar Power

Storio: A French Startup Pioneering Smart Energy Storage for Solar Power

Storio, a French startup founded in 2023, has secured €5 million in seed funding to enhance energy storage solutions for commercial clients. The company aims to optimize solar energy use by integrating smart battery management with existing solar installations. By partnering with battery suppliers, Storio offers a unique distribution strategy that allows customers to save on energy costs while contributing to grid stability. Their software enables efficient energy management, allowing clients to charge batteries during off-peak hours and potentially earn revenue by releasing energy back into the grid. With a focus on the French market, Storio is well-positioned for growth in Europe.

Created at: October 16, 2024 5:30am

Pear VC Expands Accelerator Program: Introducing PearX to Fuel Startups' Growth

Pear VC Expands Accelerator Program: Introducing PearX to Fuel Startups' Growth

Pear VC has announced an expansion of its accelerator program, now named PearX, which will host two batches of approximately 20 startups each year. This move aims to provide increased resources, including recruiting help and dedicated office space in San Francisco. The program has previously launched successful companies like Viz.ai and Affinity. The latest demo day featured 20 AI-focused startups, each offering innovative solutions for complex business challenges. PearX's funding ranges from $250,000 to $2 million per startup, tailored to their specific needs.

Created at: October 16, 2024 12:00am