Dougs, a French accounting startup, has been around since 2015. It already generates $16.4 million (€15 million) in annual recurring revenue. And it’s a bootstrapped company, meaning that it hasn’t opened its capital and raised any funding from VC firms. But now, the company has decided to raise its first founding round. Dougs raised $27…
The United Arab Emirates has given Chinese autonomous driving company WeRide the first national license for self-driving vehicles. The permit allows WeRide to test its Level 4 autonomous vehicles on public roads throughout the country. Level 4 is a designation by SAE that means the vehicle can handle all aspects of driving in certain conditions…
Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Charles Baron, the co-founder and CMO at Farmers Business Network (FBN), a startup that offers a suite of online services to farmers. Baron talked about what led him — a former venture capitalist — to…
Reddit has had a tumultuous month after announcing changes to its data API. In the last month, Reddit’s CEO gave interviews defending the company’s decision, the social network had fights with developers and moderators, and the platform saw a large number of subreddits going dark and later protesting in different ways. Given that the API…
Flipkart has begun lending to customers, expanding its financing offerings in a move that could potentially boost sales even as its chief rival Amazon has signalled a slowdown in India. The Walmart-owned Bengaluru-headquartered firm, in partnership with lender Axis Bank, is extending a credit of up to 500,000 Indian rupees, or $6,100, according to a…
Amazon has begun rolling out its custom electric delivery vans from Rivian in Europe, the e-commerce giant said Monday. This will be Rivian’s first commercial shipment of vans outside the United States. The first tranche of 300 vans will be seen on streets in Munich, Berlin and Dusseldorf in the coming weeks. Amazon already has…
What would success look like for the Vision Pro? It’s still an open question — or, perhaps, a series of interrelated questions. First is how many Apple expects to sell, and what industry analysts are forecasting. Second is who, precisely, is buying. The third is timeline, as in: how slow of a burn is acceptable.…
I’m sure the team at RoboDeck is sick and tired of people referring to their robot is a “Roomba for decks.” But we did so in our write-up when the Israeli firm competed in Startup Battlefield, and I’ve just done so above. It’s a pretty memorable pitch as those things go. The system is designed…
Tesla has topped Wall Street delivery estimates in the second quarter of 2023 as the automaker’s many price cuts and the Biden administration’s federal electric vehicle tax credits take effect. The Elon Musk-owned EV-maker reported record global production of 479,000 units and record deliveries of 466,140. That’s up 10% from the 422,875 Tesla EVs delivered…
Tesla has topped Wall Street delivery estimates in the second quarter of 2023 as the automaker’s many price cuts and the Biden administration’s federal electric vehicle tax credits take effect. The Elon Musk-owned EV-maker reported record global production of 479,000 units and record deliveries of 466,140. That’s up 10% from the 422,875 Tesla EVs delivered…
