Colossal Biosciences wants to bring back the woolly mammoth and has raised $200 million at a $10.2 billion valuation to do it.
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Wednesday, January 15, 2025
Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing
Global fashion brands grapple with excess inventory. ASOS, for instance, had over £1.2 billion of unsold products in 2022. Mostly, these brands avoid reselling in core markets like the UK and the U.S. to prevent market cannibalization. Meanwhile, emerging markets like Africa heavily rely on secondhand clothing imports, but 30% to 40% of these items […]
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Tuesday, January 14, 2025
Nelly raises $51 million to digitalize medical practices across Europe
Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. That’s why Nelly recently raised €50 million in funding (around […]
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Nvidia backs MetAI, a Taiwanese startup that creates AI-powered digital twins
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most recently Mega, an Omniverse Blueprint framework to create digital twins to operate these applications. It’s also investing in digital twin startups to get the effort off the ground. Taiwan’s MetAI […]
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SEC sues Elon Musk for allegedly failing to disclose Twitter acquisition on time
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal […]
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Accel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India
Accel has backed Indian startup Sarla Aviation for its aim to develop flying taxis for mass mobility in the country.
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Elon Musk tweets so much, people bet over $1M weekly to guess how many posts
Will Elon Musk post more than 400 tweets this week? With Polymarket, this to be one of the silliest ways people spend their money on the internet.
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ChatGPT: Everything you need to know about the AI-powered chatbot
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership […]
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Biden admin’s final rule banning Chinese connected cars also bars robotaxi testing on U.S. roads
The U.S. Department of Commerce announced a final rule Tuesday that would ban the sale or import of connected vehicles from China and Russia due to national security concerns. The rule would also bar Chinese car companies, such as WeRide and Pony AI, from testing self-driving cars on U.S. roads. “China is trying to dominate […]
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With $30 million in new funding, SEEQC thinks chips are key to building useful quantum computing
Nvidia CEO Jensen Huang may have said that “very useful quantum computers” are probably still 20 years away, but his company is also hedging its bets beyond classical chips with investments and partnerships in that very space. Now one of the companies that Nvidia partners with in quantum development is announcing funding. SEEQC, a quantum […]
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EV startup Harbinger’s obsession with simplicity fuels $100M Series B
It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking an hyper-focused approach to electrifying commercial trucking. The reward is a $100 million Series B, co-led by early Tesla investor Capricorn […]
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Massachusetts senator seeks to extend deadline for TikTok ban
Senatory Ed Markey (D-Mass.) is planning to introduce legislation to extend the TikTok ban deadline by 270 days. TikTok has warned of a looming shutdown in just five days, but the new legislation, officially called the Extend the TikTok Deadline Act, would give TikTok more time to divest from its Chinese parent company ByteDance, if approved by Congress. TikTok […]
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Boardy AI raises $8M seed round months after closing pre-seed
Months after announcing a $3 million pre-seed, the AI networking startup Boardy is back with an $8 million seed announcement led by Creandum. The company connects users with other people when they call an AI agent who chats with them for a bit and then connects them with others it thinks they ought to know. […]
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LemFi moves remittances further into Asia and Europe with $53M in new funding
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance […]
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Monday, January 13, 2025
How Barcelona became an unlikely hub for spyware startups
Barcelona's mix of affordable cost of living and quality of life has helped create a vibrant startup community — and become a hotbed for the creation of surveillance technologies.
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