Category: Enterprise
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Beeble AI raises $4.75M to launch a virtual production platform for indie filmmakers
Visual effects (VFX) have emerged as essential in filmmaking and have transformed storytelling and creativity in the film industry with its diverse digital techniques. However, the high cost of VFX tools often leaves independent filmmakers and content creators working with modest budgets struggling to compete with larger productions. A new company, Beeble AI, is turning…
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Index Ventures raises $2.3 billion for new venture and growth funds
Index Ventures is announcing $2.3 billion in new funds to finance the next generation of tech startups globally. These new funds are spread across different stages with $800 million dedicated to venture investment and $1.5 billion set aside for growth and late-stage companies. How do these funds compare to the previous ones? In 2021, Index…
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Iceland is dodging the VC doldrums as Frumtak Ventures lands $87 million for its fourth fund
Iceland’s startup scene is punching above its weight. That’s perhaps in part because it kept the 2021 hype in check, but mostly because its tech ecosystem is coming of age. Iceland attracted the most venture capital per capita of all Nordic countries in 2023, but that stat is somewhat skewed by its relatively small population…
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Deep tech startups with very technical CEOs raise larger rounds, research finds
SaaS founders trying to figure out what it takes to raise their next round can refer to Point Nine’s famous yearly SaaS Funding Napkin. (The term refers to “back of the napkin” plans or calculations.) Now, European hardware deep tech teams have a similar resource from First Momentum, a pre-seed fund investing in technical B2B…
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As Microsoft leaves its observer seat, OpenAI says it won’t have any more observers
Months after Microsoft gained an observer seat on OpenAI’s board, the company is leaving the position of the non-voting seat. In a letter sent to OpenAI on Tuesday, Microsoft said that the company has seen enough progress being made in the AI company and is confident in its direction, according to Axios. OpenAI said that…
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XNXX joins handful of adult sites subject to EU’s strictest content moderation rules
The European Union has designated adult content website XNXX as subject to the strictest level of content regulation under the bloc’s Digital Services Act (DSA) after it notified the bloc it had passed the usage threshold of more than 45 million regional average monthly users. It’s the fourth porn site to be named a very…
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Should venture capitalists be held accountable when startups screw up?
Welcome to TechCrunch Fintech! Last week was a holiday in the United States, so news was a bit lighter than normal. But there was still fintech-related items to report, including the ongoing drama around Synapse and partner Evolve Bank, Revolut’s record year and more. To get a roundup of TechCrunch’s biggest and most important fintech…
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Openvibe combines Mastodon, Bluesky and Nostr into one social app
Ahead of these potential competitors comes Openvibe, a simple aggregator for the open social web. © 2024 TechCrunch. All rights reserved. For personal use only. Mastodon, Bluesky, Nostr, Threads: Since Elon Musk’s 2022 acquisition of X, the app formerly known as Twitter, usage of X alternatives has continued to grow as people embrace decentralized…
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The fall of EV startup Fisker: A comprehensive timeline
Here is a timeline of the events that led fledgling automaker Fisker to file for bankruptcy. © 2024 TechCrunch. All rights reserved. For personal use only. Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing…
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Talky social app Airchat gets a major overhaul, making it more like an asynchronous Clubhouse
The concept of Airchat is fun, especially if you’re someone who loves to send voice memos instead of typing out long paragraphs on your phone keyboard. © 2024 TechCrunch. All rights reserved. For personal use only. Airchat, a social app built around voice messages, is pivoting after it launched in April. Airchat now looks…