Relativity Space will be attempting to make history with the first launch of the 110-foot-tall Terran 1 rocket tomorrow afternoon. The company, which was founded in 2015 by Tim Ellis and Jordan Noone, is best-known for its innovative 3D printing technology: Terran 1 is 85% 3D-printed by mass, and that even includes the rocket engines.…
When people think of the funding crisis in further education, thoughts normally turn to the rising price of a typical four-year college degree. But that’s not the only financial gap that exists: those who want to pursue hands-on careers in trades like medical technicians, automotive mechanics, welding, carpentry or air conditioning specialists also regularly find…
Assured Allies, an insurtech company focused on retirement savings, announced today the closing of $42.5 million in Series B funding. It’s a pretty significant Series B size given the challenging fundraising environment for insurtech companies noted by several of my colleagues in recent stories. For example, Kyle Wiggers reported that investment into the sector fell…
Cash management — tracking who needs to pay an invoice and whether it’s been done — can make or break a business. Now, a startup building SaaS software to help finance departments manage this more intelligently is announcing some funding to expand after seeing strong demand. Growfin, a Singapore- and San Francisco–based fintech startup that…
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Twitter is experiencing issues once again. Multiple users, including folks on the TechCrunch team, are currently unable to view links and images on the social network. According to reports on third-party web monitoring service Downdetector, the issues began at around 11:50 a.m. ET. Clicking on a link brings up an error message that says “Your…
Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a headcount of more than 2,000…
Tesla has cut the prices of its Model S sedan and Model X SUV in the U.S., according to the company’s website. This is the second time this year that Tesla has slashed prices, and it might be a bid to boost sales before the end of the quarter. The Model S all-wheel drive is…
To be successful, a business needs to have a plan for revenue in the short term and profitability in the long. Early-stage founders might be tempted to come up with half a dozen ways the company could make money. Don’t fall into temptation: Five unproven solutions don’t make one actual solution. Having said that, sometimes…
To be successful, a business needs to have a plan for revenue in the short term and profitability in the long. Early-stage founders might be tempted to come up with half a dozen ways the company could make money. Don’t fall into temptation: Five unproven solutions don’t make one actual solution. Having said that, sometimes…
