Amazon’s Project Kuiper, the company’s initiative to launch a fleet of satellites into low-Earth orbit and beam internet connection to users, is struggling to ramp up production, Bloomberg reported on Wednesday. The competitor to Elon Musk’s Starlink has completed only a few dozen satellites, according to the report. The venture reportedly needs to quadruple its […]
Tech Crunch
EU fines Apple, Meta millions for breaching tech competition rules
The European Union has fined Apple €500 million (about $568 million) and Meta €200 million (about $227 million) for allegedly breaching the bloc’s Digital Markets Act, according to The Wall Street Journal. The EU has accused Apple of failing to comply with an obligation to allow app developers to inform customers of alternative ways to […]
Durin digs up $3.4M to automate drills for critical minerals exploration
Mining companies spend billions on exploration. Durin thinks it can slash costs.
Linktree rolls out a suite of monetization features for creators
Linktree is launching a set of new features aimed at helping creators earn more money directly from its platform. The new tools include the ability to sell courses and digital products, earn from brand-sponsored links, and build shoppable storefronts. The launch of the new monetization features will help Linktree stand out among other similar platforms […]
Alpaca raises $52M Series C to take its API brokerage platform to new markets
Alpaca said on Wednesday it has raised a $52M Series C round to expand into more foreign markets, including the Middle East, Europe and Asia.
The U.S. doesn’t refine cobalt. This startup wants to change that.
Xerion says it has a new technique to produce highly refined cobalt in a single step.
Cynomi cinches $37M for its AI-based ‘virtual CISO’ for SMB cybersecurity
Small and medium businesses are the newest targets for cybersecurity attacks, with 1 in 3 breached last year. SMBs are becoming more proactive in detecting and stopping these threats, and today a startup called Cynomi is announcing $37 million in funding to meet that demand. Insight Partners and Entrée Capital are co-leading the round, with previous backers […]
Xprize Carbon awarded to a dirt simple carbon removal technology
Mati Carbon walked away with the $50 million grand prize for its enhanced rock weathering program that locks carbon in soils for thousands of years.
Tech resilience, breakout startups, and banking reinvented: The big conversations at StrictlyVC London in May
StrictlyVC is heading to London on May 13, uniting top investors and entrepreneurs to spark meaningful connections and drive forward innovation. We’re thrilled to welcome industry leaders like Nazo Moosa, general partner at Paladin Capital Group; Sonali De Rycker, partner at Accel; and TS Anil, CEO of Monzo Bank, to the stage. Paladin is proud […]
Noxtua raises $92M for its sovereign AI tuned for the German legal system
Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round. The round was led by strategic investor […]