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 […]
With $21.8M in funding, Tobiko aims to build a modern data platform
Data transformation startup Tobiko may not be a household name yet, but you may have seen co-founder and CEO Tyson Mao on “Beauty and the Geek” back in the aughts and his co-founder, brother and CTO Toby Mao, on the speedcubing circuit. (Both have held world records in the past, and Tyson co-founded the World […]
AI manufacturing startup funding is on a tear as Switzerland’s EthonAI raises $16.5M
As factories and manufacturing facilities have gotten “smarter” through sensors, robotics and other connected technologies, this has created a potential treasure trove of data that can be mined for insights on bottlenecks and other areas for improvement. Or maybe even to just expedite processes that would otherwise require significant manual spadework. But much of this […]
The demise of BaaS fintech Synapse could derail the funding prospects for other startups in the space
Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 7:00 a.m. PT, subscribe here. The big story Last week, we […]