Verve Motion, a startup building a robotic “exosuit” designed to help workers complete physically demanding tasks in factories and other like environments, today announced that it raised $20 million in a Series B round led by Cybernetix Ventures with participation from Construct Capital, Pillar VC, OUP and angel investors including Okta co-founder Frederic Kerrest. The…
Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. Ahh, Zurich. The company is making the sky green — literally — with its new fuel, which it calls aerobrew. Sure, it sounds a little like a…
The FCC has made a final denial of Starlink’s application for $885 million in public funds to expand its orbital communications infrastructure to cover parts of rural America, saying the company “failed to demonstrate that it could deliver the promised service.” As previously reported, the money in question was part of the Rural Digital Opportunity…
The holidays are in full swing, which means you might start getting automatic-reply emails as people take off on vacation. But don’t let the relative calmness of the holidays stop you from fundraising. According to a DocSend report on fundraising trends, young startups aren’t looking so hot. That means that however they’ve been trying to…
Identification requirements, high fees and a language gap have long been barriers to preventing some Latino immigrants from opening a banking account in the United States. Comun wants to change that. The New York-based neobank is the latest to provide banking services customized to the needs of immigrants. While most traditional banks require customers to…
If you still think of Fortnite as a colorful, cartoony battle royale game, you might be surprised to learn the extent of Epic’s true ambitions. Fortnite’s big, chaotic fight to the death matches may still get top billing, but Epic has steadily been expanding the horizons of its marquee game to be more of a…
Terran Orbital CEO Marc Bell told employees Monday the company is not looking for a buyer in an effort to quash a report that it was seeking bids by the end of the month, according to sources who spoke to TechCrunch. Bell’s comments came during an all-hands meeting with staff, following a Wall Street Journal article…
Clothing retailer Shein’s filing confidentially for a U.S. IPO has brought low-cost retailers from the People’s Republic of China to the forefront of both consumers and regulators’ minds. And Temu, another China-based discount retailer that’s often mentioned in the same breath as Shein, is looking particularly interesting today. The Exchange explores startups, markets and money.…
A lesser-known but significant player in the Silicon Valley tech world is getting acquired today — a move that underscores the changing economics in the world of hardware, and who wants to get more involved in that space. Surfaceink, a company that got its start as Apple’s key hardware engineering partner after the return of…
Elon Musk has restored the X accounts of conspiracy theorist Alex Jones and his media site Infowars. The X accounts of Jones and Infowars were “permanently banned” from Twitter by the previous management in 2018 for posting abusive content and violating the platform’s rules. Musk ran a user poll on X on December 9 asking whether…
