Friday, March 15, 2024

How to avoid all the IPO work without annoying investors

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Equity turns 7 years old this week, so in honor of its birthday, drop us a review? More reviews helps more folks discover the show, and […]

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Mercedes begins piloting Apptronik humanoid robots

Pilot season has officially begun for the world of humanoid robotics. Last year, Amazon began testing Agility’s Digit robots in select fulfillment centers, while this January, Figure announced a deal with BMW. Now Apptronik is getting in on the action, courtesy of a partnership with Mercedes-Benz. According to the Austin-based robotics startup, “as part of […]

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India cuts import taxes on EVs in win for Tesla’s entry plans

India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a move that could potentially bolster Tesla’s plans to enter the South Asian market. Companies must invest a minimum of $500 million in the country and will […]

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Abu Dhabi’s ADIA explores investment in India’s Pocket FM, sources say

Abu Dhabi’s sovereign wealth fund ADIA is in talks to back Pocket FM in a large new round of funding, two sources familiar with the matter told TechCrunch, as the Indian audio-storytelling platform makes deeper inroads in the U.S. The talks for the new round, which have been ongoing for more than a month, follows […]

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Humanoid robots face continued skepticism at Modex

If your robotics startup is looking to raise, there’s close to a 100% chance you’re going to get two questions from potential investors: 1) How are you incorporating generative AI? and 2) Have you consider building a humanoid? The first is easy enough to answer. If you’re running a robotics firm in 2024, you have […]


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Thursday, March 14, 2024

Apple acquires AI startup specializing in overlooking manufacturing components

Apple has added another AI startup to its acquisition list with Canada-based DarwinAI, which specializes in vision-based tech to observe components during manufacturing to improve efficiency, Bloomberg reported. While Apple or DarwinAI haven’t announced this deal, several members of the startup’s team joined Apple’s machine learning teams in January, as per their LinkedIn profiles. DarwinAI […]

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Paytm secures license it needed to survive

India’s Paytm has secured a vital license it needed to survive and maintain continuity of several core features of its eponymous payments app, a day before the firm’s banking unit is scheduled to cease operations because of regulatory clampdown. The National Payments Corporation of India, the firm that built the eponymous UPI rail in the […]

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SpaceX makes significant progress with third Starship orbital test flight

SpaceX is continuing to make progress on the development of Starship, the largest rocket ever built, with the third test flight Thursday accomplishing considerably more than the previous two tests. The 400-foot-tall Starship rocket lifted off from SpaceX’s Starbase facility in southeastern Texas at 8:25 a.m. local time. Although SpaceX has been developing Starship for […]

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Ted Schlein’s 2-year-old Ballistic Ventures has already raised a second $360 million fund

After a shakeup at Kleiner Perkins a few years back, one of its star B2B investors, Ted Schlein, started his own firm. Ballistic has already closed a second fund, even bigger than the first.

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Fluent Metal takes a stab at the metal 3D printing market

To say that it’s rocky out in the metal 3D printing world may be a bit of an understatement. Almost a decade ago, Desktop Metal was one of the early darlings in accessible 3D printing in metal. The company raised almost half a billion in VC funding. Since then, the company has had a hell […]

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What African B2B e-commerce startups can learn from OmniRetail’s profitable run

Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s mom-and-pop convenience stores and offering various solutions to streamline logistics and procurement processes saw hundreds of millions of dollars flood the segment, particularly during the venture capital […]


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Amazon now lets sellers create listings through a URL by using AI

Amazon launched generative AI-powered features last year to help sellers quickly create listings by entering just a few words about the product. The company is now making it easier for sellers to create listings if an item is already listed on their website. The e-commerce giant’s new tool uses AI to parse details from an […]

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Nigeria’s Youverify raises $2.5M to enhance anti-money laundering compliance

Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups, secured a $2.5 million investment from Elm, which specializes in offering ready-made and customized digital solutions to public and private institutions in Saudi Arabia. The pre-Series A investment from Elm also includes a strategic partnership to help Youverify streamline […]

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