NoSQL database Aerospike today announced that it has raised a $100 million Series E round led by Sumeru Equity Partners. Existing investor Alsop Louie Partners also participated in this round. In 2009, the company started as a key-value store with a focus on the adtech industry; Aerospike has since diversified its offerings quite a bit. … Read more
Weeks before the national elections in India, Elon Musk-owned X said it is rolling out support for posting Community Notes — the company’s crowd-sourced fact-checking program. The company posted that the first set of contributors from India will start posting notes today and more will be accepted over time. Contributors typically post more context to … Read more
Venture firm Maniv has grown by nearly every measure since it launched eight years ago in Israel — from its investor base and 40-startup portfolio to its geographic focus, footprint and fund size. But even with a freshly closed $140 million fund in its coffers and a new office in New York City, founder Michael … Read more
Cynicism is a quality taken almost for granted in tech journalism, and certainly we are as guilty as the next publication. But both the risk and the promise of technology are real, and a new documentary series tries to emphasize the latter while not discounting the former. “A Brief History of the Future,” hosted by … Read more
Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right … Read more
For every tech success story, there are countless projects that slam headlong into the brick wall of reality. Apple’s electric vehicle ambitions are one of the most recent — and, frankly, best — examples of a project failing in spite of seeming to have everything going for it. The jury is still out on the … Read more
Many startups are hoping that the gradual opening of an IPO window and the prospect of interest rate cuts later this year will finally encourage VCs to be less stingy with their capital. But it’s unlikely that startups’ fundraising slog will become much easier soon, mostly because of venture capitalists’ own capital-gathering challenges. In Q1, … Read more
Brave announced on Wednesday that it’s bringing its AI assistant, called Leo, to iPhone and iPad users. The AI assistant allows people to ask questions, summarize pages, create content and more. The iOS rollout follows the launch of the AI assistant on Android and desktop. The iOS launch of Leo brings voice-to-text capability, which isn’t … Read more
Discover the forefront of hard tech innovation in an exclusive session sponsored by HAX at TechCrunch Early Stage 2024. Led by SOSV general partner Duncan Turner and HAX chief science officer Dr. Susan Schofer, and moderated by SOSV’s Sabriya Stukes, this session offers a deep dive into the world of hard tech entrepreneurship. With a … Read more
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, when we take a moment to dig into a raft of startup and venture capital news. No big tech here! Keep in mind that Y Combinator’s demo day … Read more