German rocket maker Isar Aerospace successfully reached orbit for the first time over the weekend, marking a milestone for Europe’s commercial space industry as the company looks to ramp up launches to meet what it says is booming demand. The Munich-based company’s Spectrum rocket reached orbit on Saturday and successfully deployed its payloads in low…
Former Ukrainian Defense Minister Mykhailo Fedorov is launching a defense technology company backed by Palantir CEO Alex Karp, as the former government official looks to turn Ukraine’s wartime technology experience into products for Kyiv and its allies. Karp is set to become the company’s first lead investor, according to Fedorov’s press office. The size of…
Timon Schneider | Lightrocket | Getty Images Building on the growing popularity of livestreamed shopping, startup market Whatnot said on Friday that it has closed its latest round of funding at a $20 billion valuation, nearly doubling its valuation from less than a year ago. Whatnot, which said that it has more than 650,000 new…
An overall view of the manufacturing line in a Hadrian Automation Inc. factory. Courtesy: Hadrian Automation, Inc. Riding a wave of enthusiasm for defense tech, manufacturing startup Hadrian on Thursday closed its latest round of funding at a nearly $8 billion valuation, more than quadruple where investors valued the company in January. The round was…
MUMBAI, MAHARASHTRA, INDIA – 2022/09/20: A man checks his phone near the Cred logo during the Global Fintech Fest in Mumbai. Sopa Images | Lightrocket | Getty Images Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg’s Meta— but has lost its founder and chief executive, Kunal Shah,…
John O’Farrell, former partner at Andreessen Horowitz, says the PAC Leading the Future, backed by his old firm, is trying to “intimidate politicians.” Source link
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won’t be much left for other startups. Harvey…
Travis Kalanick, chief executive officer of City Storage Systems (CSS) during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, US, on Friday, Feb. 21, 2025. Zak Bennett | Bloomberg | Getty Images Uber founder and ex-CEO Travis Kalanick has renamed his latest venture as Atoms and said on Friday that he’s expanding…
Uber to acquire SpotHero. Courtesy: Uber Technologies, Inc. Uber said it’s acquiring SpotHero, a company that provides a parking reservation app for crowded downtowns, sporting events and concerts. Terms weren’t disclosed, but Uber said on Monday that it plans to offer a “parking reservation experience, powered by SpotHero” within its own app to help users…
OpenAI has the largest private tech fundraising round on record. Rival Anthropic now has the second. Anthropic announced on Thursday the close of a $30 billion funding round at a $380 billion post-money valuation, more than double what the artificial intelligence company was worth in September, when it last raised money. The company behind Claude…
