Categories Companies

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Color raises $167 million funding at $1.5 billion valuation to expand ‘last mile’ of US health infrastructure

Healthcare startup Color has raised a sizable $167 million in Series D funding round, at a valuation of $1.5 billion post-money, the company announced today. This brings the total raised by Color to $278 million, with its latest large round intended to help it build on a record year of […]

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After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy

SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank […]

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Fluence, the energy storage systems developer, is now worth over $1 billion after QIA investment

The Qatar Investment Authority is investing $125 million into energy storage systems integrator and power management tech developer, Fluence, in a deal that will value the company at over $1 billion. The joint venture between the American independent power producer, AES Corp. and the German industrial conglomerate Siemens, was already […]

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Floww raises $6.7M for its data-driven marketplace matching founders with investors, based on merit

Floww – a data-driven marketplace designed to allow founders to pitch investors, with the whole investment relationship managed online – says it has raised $6.7M / £5M to date in Seed funding from angels and family offices. Investors include Ramon Mendes De Leon, Duncan Simpson Craib, Angus Davidson, Stephane Delacote […]

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Amazon launches its first Amazon Air regional hub in Europe

Amazon has officially started operations at its first European Amazon Air hub, based out of the Leipzig/Halle Airport in Germany. The new facility spans 20,000 square meters (65,600 square feet) and will host two Amazon-branded Boeing 737-800 aircraft, brining the company’s total operational air fleet to over 70 aircraft. The […]

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Uber drivers sue company alleging coercive Prop 22 advertising

Uber is facing a class-action lawsuit over Proposition 22 that alleges the company is illegally coercing its drivers to support the ballot measure that seeks to keep workers classified as independent contractors. The suit was brought forth by two Uber drivers, Benjamin Valdez and Hector Castellanos, as well as two […]

Daily Crunch: Waymo opens up driverless ride-hailing

Alphabet’s self-driving technology company hits a major milestone, Apple TV+ extends its free subscription period and Affirm files to go public. This is your Daily Crunch for October 8, 2020. The big story: Waymo opens up driverless ride-hailing Waymo hit a major milestone today: It’s offering fully driverless rides to […]

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Google teams up with Samsonite to launch a Jacquard smart fabric-enabled backpack

It has been over four years since Project Jacquard, Google’s smart fabric technology, made its debut at the I/O developer conference. Launched out of what was then Google’s ATAP unit, Jacquard is currently best known for being available on Levi’s jeans jackets, but Saint Laurent also launched its $1,000 Cit-e […]

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Amazon’s Alexa becomes a better conversationalist and can now ask you questions, too

At its annual hardware event, Amazon today announced new capabilities for its Alexa personal assistant that will allow it to become more personalized as it can now ask clarifying questions and then use this personalized data to interact with the user later on. In addition, Alexa can now join a […]