Monday, May 19, 2025

Sylndr, with fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt

Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. The round was led by Development Partners International’s Nclude Fund and included follow-on investments from Algebra Ventures and Nclude. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest […]

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Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push

Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the […]

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Billionaire founder of Luminar replaced as CEO following ethics inquiry

Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board. Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former chairman and […]

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Judge pressures Apple to approve Fortnite or return to court

A federal judge is asking Apple to approve Fortnite’s submission on the U.S. App Store or return to court to explain the legal basis as to why it has not done so. In a new filing, U.S. District Judge Yvonne Gonzalez Rogers confirms the court has received Epic Games’ latest motion, where it demands that […]

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Headline Asia closes $145M fund to fuel investments in Asia-Pacific

With the current economic uncertainties and geopolitical challenges, securing funding for startups in Asia has recently become more difficult. Venture capital firms have also been impacted by the downturn, leading to a decrease in the number of funds being closed. The VC market is “going through [one of its] cyclical winters marked by high interest […]

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Google launches stand-alone NotebookLM apps for Android and iOS

Google announced on Monday that it has officially released the NotebookLM apps for Android and iOS, a day before Google I/O 2025 and a day before the company said it would roll out. Since its launch in 2023, the AI-based note-taking and research assistant has only been accessible via desktop. Google has now made the service […]

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Ex-Siri head reportedly wanted Apple to choose Google’s Gemini over ChatGPT

Former Siri head John Giannandrea pushed Apple to choose Google’s Gemini chatbot over ChatGPT for the first chatbot integration with Siri last year, according to a Bloomberg report looking at Apple’s uneven AI efforts. Giannandrea, an ex-Google executive who was demoted in a leadership reshuffle in March, thought that OpenAI’s bot wouldn’t have staying power […]

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Nikola’s hydrogen trucks hit the auction block

Nikola’s hydrogen trucks are officially up for auction, one of the company’s last big steps in unloading all of its assets after filing for bankruptcy in February. Auction house Gordon Brothers reached an agreement with Nikola in Delaware bankruptcy court to purchase the hydrogen trucking assets late last week. Over the weekend, Gordon Brothers published […]

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Clock’s ticking: Save up to $900 on TechCrunch Disrupt 2025 tickets before prices rise

Tick-tock! Time’s almost up to save up to $900 on individual passes to TechCrunch Disrupt 2025! Or go big and grab an Early Bird ticket now and get a second for your +1 at 90% off — but only for a limited time. These unbeatable deals disappear May 25 at 11:59 p.m. PT — don’t […]

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Deel wants Rippling to hand over any agreements involving paying the alleged spy

Deel has lobbed a new volley in the ongoing legal battle with rival HR tech startup Rippling. Deel filed a motion, containing a series of letters, asking the Irish court to make Rippling hand over information. In one letter, Deel wants unredacted versions of witness affidavits, including the famed one by former Rippling employee, Keith […]

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Uber eyes B2B logistics push in India through state-backed open commerce network

Uber is entering India’s growing B2B logistics market by extending its partnership with the Indian government-backed nonprofit that aims to break the domination of the e-commerce duo Amazon and Walmart-backed Flipkart and widen digital commerce in the South Asian nation. On Monday, the ride-hailing giant announced it will soon launch its B2B logistics service through […]

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VUZ gets $12M to scale immersive video experiences across emerging markets and the U.S.

VUZ, a startup known for offering immersive video experiences from red carpets and football stadiums, has raised $12 million as it doubles down on its presence in Saudi Arabia and the United Arab Emirates, as well as accelerates expansion into Africa, Asia, and the United States. The pre-Series C funding round, led by the International […]

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