Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company. Softbank Vision Fund 2 and Goldman Sachs led the Series D investment round in a…
Sydney Thomas, who was the first hire at Precursor Ventures, a seed and early-stage focused fund that backs first-time founders, is starting her own venture firm. The investor is going from principal at the firm she joined 6 years ago to the solo-partner behind a new, unnamed firm. The job move may feel like a…
It’s been a bumpy ride for Netflix recently, and the announcement that it will be charging for password sharing hasn’t gone as smoothly as they might have hoped, a new report claims. Subscribers in Peru who were opted in to new password-sharing restrictions have reported confusion over Netflix’s loose definition of “household” and noted the…
Cybersecurity continues to grow in complexity due to the ever-increasing threat landscape — more services in the cloud, more digital operations and more devices mean more attack surfaces and variations for malicious hackers to worm into networks, and thus more tools to fight this — and that is creating more work for operations teams tasked…
HitPay has almost everything SMEs need to run their businesses. In addition to being an online payment gateway, it also offers tools like point-of-sale software with card readers, plugins, payment links and no-code online stores. The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global,…
HitPay has almost everything SMEs need to run their businesses. In addition to being an online payment gateway, it also offers tools like point-of-sale software with card readers, plugins, payment links and no-code online stores. The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global,…
Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column, Perceptron (previously Deep Science), aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artificial intelligence…
Mintlify, a startup developing software to automate software documentation tasks, today announced that it raised $2.8 million in a seed round led by by Bain Capital Ventures with participation from TwentyTwo Ventures and Quinn Slack, Sourcegraph’s co-founder. CEO Han Wang says that the proceeds will be put toward product development and doubling Mintlify’s core, three-person…
Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. The Series B round was…
On the Chain Reaction podcast this week, Lux Capital’s newest investor, Grace Isford, joined us to talk about the opaque but crucial world of web3 infrastructure. At Lux, Isford invests in the companies working behind the scenes to make sure crypto exchanges are secure and reliable enough to avoid being hacked. Before joining Lux this February,…
