Amid a fraught environment for battery startups, Sila has raised $ 375 million to finish construction of a U.S. factory that will scale its next-generation battery technology for customers like Mercedes-Benz and Panasonic by the end of 2025. Sila, formerly known as Sila Nanotechnologies, is slated to finish construction of its Moses Lake, Washington plant […]
Daydream rakes in $50M seed funding to build an AI-powered search engine suited for e-commerce
For retailers, e-commerce is a bit of a puzzle at the moment. Online shopping trends are expected to stay strong this year, so companies can’t afford to curtail their e-commerce budgets, but at the same time, e-commerce is more fragmented than ever before. There is a seemingly endless number of avenues to exploit — from […]
France leads the pack for Generative AI funding in Europe, London has 3X the number of GenAI startups
Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in funding, may have gobbled up the lion’s share of attention and money so far. But according to a new report out from top VC Accel […]
India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation
Oyo, the Indian budget-hotel chain startup, is finalizing a fresh fundraise of about $ 100 million to $ 125 million that slashes its valuation to $ 2.5 billion, two people familiar with the matter told TechCrunch. That’s a steep decline in the Gurgaon-headquartered startup’s value, which was worth $ 10 billion in 2019. The startup, […]
Apex’s off-the-shelf satellite bus business attracts $95M in new funding
Fresh off the success of its first mission, satellite manufacturer Apex has closed $ 95 million in new capital to scale its operations. The Los Angeles-based startup successfully launched and commissioned its first spacecraft, a model called Aries, in March. That mission has gone off seemingly without a hitch — a rarity in the space […]