Grammarly acquires productivity startup Coda, brings on new CEO

Grammarly is acquiring productivity startup Coda, the company announced on Tuesday. As part of the deal, Coda’s CEO and co-founder Shishir Mehrotra will become the new CEO of Grammarly. The financial terms of the deal were not disclosed. The acquisition will help turn Grammarly’s AI assistant into an “AI productivity platform” thanks to the addition… Continua a leggere Grammarly acquires productivity startup Coda, brings on new CEO

Slip Robotics snags $28M for its bots that can load a truck in five minutes

Drop by any given loading dock and a buzz of forklifts — loaded up with goods — can be spotted maneuvering in and out of truck trailers. This logistical dance can take up to an hour to fill a trailer, leaving truck drivers in idle limbo. The founders of Atlanta-based Slip Robotics say they’ve developed… Continua a leggere Slip Robotics snags $28M for its bots that can load a truck in five minutes

Shein must cede Indians’ data, control of local ops to re-enter India

Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according to new government disclosures that reveal how the apparel and accessories retailer secured a rare exception to India’s ban on Chinese-linked apps. In a parliamentary… Continua a leggere Shein must cede Indians’ data, control of local ops to re-enter India

Popular LatAm digital payment service AstroPay launches multi-currency wallet

AstroPay has been around since 2009. The bootstrapped company currently has 320 employees and is profitable. And yet, it’s not a name that comes up often in startup news. The company originally started its life as a payment service provider focused on Latin America — an alternative payment method that you would find next to the… Continua a leggere Popular LatAm digital payment service AstroPay launches multi-currency wallet

Focused Energy buys two of the world’s most powerful lasers for its fusion quest

The massive lasers will be installed in the startup’s future facility, which it is building in the San Francisco Bay Area. © 2024 TechCrunch. All rights reserved. For personal use only.

As account-to-account payments startups falter, Volume raises fresh cash

Online merchants usually pay up to 8% of every sale to companies like PayPal, Apple Pay, and Stripe, and pass those costs on to consumers. So-called “account-to-account” or “A2A” payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been in making it seamless for both… Continua a leggere As account-to-account payments startups falter, Volume raises fresh cash

iRobot co-founder’s new home robot startup hopes to raise $30M

Colin Angle, one of the co-founders of Roomba maker iRobot, is raising cash for a home robotics venture. A filing with the U.S. Securities and Exchange Commission reveals that Angle’s new company, Familiar Machines & Magic, is trying to raise $30 million. So far, it has raised $15 million from a group of eight investors.… Continua a leggere iRobot co-founder’s new home robot startup hopes to raise $30M

TuSimple’s former CEO wants a new board that will liquidate the company

TuSimple co-founder and former CEO Xiaodi Hou is on a war path in the lead up to Friday’s annual shareholder meeting that will decide the makeup of the company’s board of directors.  Over the past several weeks, Hou has sued TuSimple for control of his voting rights, demanded the company immediately liquidate and return all… Continua a leggere TuSimple’s former CEO wants a new board that will liquidate the company

Skims co-founder Jens Grede addresses those IPO rumors

Skims co-founder Jens Grede has confirmed that plans for an IPO are on the back burner — for now at least, according to a new interview with WWD.  TechCrunch reported in August that investors were hoping for the retail darling, last valued at $4 billion, to go public, and the Information reported that the earliest… Continua a leggere Skims co-founder Jens Grede addresses those IPO rumors

Liquid AI just raised $250M to develop a more efficient type of AI model

Liquid AI, an AI startup co-founded by robotics luminary Daniela Rus, has raised $250 million in a Series A led by AMD. Per Bloomberg, the round values Liquid AI at over $2 billion. Liquid AI aims to build general-purpose AI systems powered by a relatively new type of AI model called a liquid neural network. Liquid… Continua a leggere Liquid AI just raised $250M to develop a more efficient type of AI model