Category: Enterprise
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Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy netted it gains of $2 billion. PayU, which is wholly…
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Patreon gets gift subscriptions in time for the holidays
Creator subscription platform Patreon is making it a bit easier for fans to support their favorite creators this holiday season. The creator membership platform announced on Wednesday that it will roll out gift subscriptions, as well as functionality for creators to offer discounts for membership sign-ups. The gift subscription feature had previously been in testing…
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Vecna Robotics raises $14.5M and taps former Motional CEO to lead startup
Karl Iagnemma, an early pioneer in the autonomous vehicle industry who recently stepped down as president and CEO from Hyundai-backed Motional, is back in the AV and robotics game. Vecna Robotics, a Massachusetts-based startup that uses robots to handle materials in warehouses, has hired Iagnemma as CEO. The robotics startup, which has developed autonomous pallet…
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Leland lands $12 million to grow its coaching platform
Coaching platform Leland has raised $12 million in Series A funding led by Forerunner Ventures with participation from GSV ventures to grow its platform geared toward matching coaches and aspirants to fulfill goals ranging from getting into a university to passing an entrance exam and excelling at product management. The company aims to build better…
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Nokia acquires Rapid, the API company once valued at $1B
Nokia, once the world’s biggest mobile phone company but now mainly provider of infrastructure and services to telecoms carriers, has made an acquisition in its bid to be a bridge between the worlds of tech and telecoms: it’s acquiring Rapid, formerly known as RapidAPI, a startup that operates an API marketplace. Nokia will be integrating…
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Europe asks for input on banned uses of AI
The European Union is developing compliance guidance for its new law on AI. As part of that process it’s launched a consultation (here) seeking input in two areas. The first is how the law defines AI systems (as opposed to “simpler traditional” software). It’s asking people in the AI industry, business, academic and civil society…
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Anysphere acquires Supermaven to beef up Cursor
Anysphere, the company behind AI-powered code editor Cursor, has acquired AI coding assistant Supermaven for an undisclosed sum. Anysphere CEO Michael Truell announced the deal in a post on Cursor’s blog. Supermaven, he said, will enable Anysphere to launch a new version of its Tab AI model that’s “fast, context-aware, and highly intelligent,” especially at sequences…
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Trump expected to try to stop looming TikTok ban
President-elect Donald Trump will try to prevent TikTok from getting banned in the United States, The Washington Post reported on Tuesday. During his campaign, Trump promised voters that he would save the popular social media app if elected. Former Trump adviser and campaign manager Kellyanne Conway told the Post that the president-elect “appreciates the breadth and…
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TikTok is integrating with influencer shopping app LTK, videos show
An integration with LTK, an app that lets consumers shop from creator and influencers’ recommendations, is rolling out on TikTok, according to videos by select creators viewed by TechCrunch. The collaboration could boost fashion creators’ ability to earn affiliate commissions via LTK, while also making it easier for consumers to locate the clothes and accessories…
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The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June. Volkswagen…