Microsoft to invest in autonomous trucking startup Gatik -sources
By Krystal Hu and Joseph White (Reuters) – Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part …
startup
Slowing crypto startup funding may still surpass 2021 record – Pitchbook
By Medha Singh (Reuters) – Total funding at crypto startups this year is set to exceed investments in 2021, research firm Pitchbook said on Thursday …
U.S. autonomous delivery vehicle startup Nuro cuts staff by 20%
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was …
Silicon Valley chip startup Cerebras unveils AI supercomputer
By Jane Lanhee Lee OAKLAND, Calif(Reuters) – Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence …
EV startup Faraday Future signs deal to raise up to $350 million
(Reuters) – Faraday Future Intelligent Electric said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks …
AI chip startup SiMa.ai launches auto business with former Bosch, Mercedes executive
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Silicon Valley-based AI chip startup SiMa.ai on Thursday said it is entering the automotive industry and has …
Logistics startup Flexport plans hiring spree, to double engineers in 2023
By Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team …
Volkswagen no longer investing in self-driving startup Argo AI
BERLIN (Reuters) – Volkswagen AG is no longer investing in Argo AI, the company said on Wednesday, concentrating its automated driving efforts on its existing …
Mental health startup Cerebral to cut about 20% of workforce
(Reuters) – Telehealth startup Cerebral Inc is cutting its workforce by 20%, a company spokesperson said on Monday. The Wall Street Journal reported earlier that …
Plenty of New Startup Restaurants Opening Around the Country
(RestaurantNews.com) Flhip.com has released its latest restaurant openings report, providing restaurant vendors with a sampling of fresh sales and marketing leads that can be found …
Restaurant Delivery Software Provider VROMO Partners With Restaurant SaaS, Host Kitchen Tech Startup KBox Global
Kbox Global chooses VROMO as premier delivery software provider as it expands its host kitchen model into the US market (-) Restaurant operators and host …
Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic
By Doyinsola Oladipo NEW YORK (Reuters) – Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to …
Mexican used-car startup Kavak lands $810 million in debt financing
By Kylie Madry MEXICO CITY (Reuters) – Mexican used-car platform Kavak on Tuesday said it had secured $675 million in financing from HSBC to back …
Faraday Future shareholder sues EV startup for removal of two directors
(Reuters) – Faraday Future Intelligent Electric shareholder FF Top Holding has sued the electric vehicle startup seeking the removal of two board members, according to …
Chip tech startup SiFive launches products aimed at automotive market
By Jane Lanhee Lee (Reuters) – Silicon Valley startup SiFive Inc on Tuesday launched three new products aimed at the automotive market, which is emerging …
Battery startup ONE aims to slash cell cost, deliver 600-mile range
By Paul Lienert (Reuters) – Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as …
Startup Gatik to deploy self-driving trucks for Pitney Bowes in Dallas
(Reuters) – Self-driving delivery truck startup Gatik will deploy its Class 6 box trucks for global shipping and mailing firm Pitney Bowes’ ecommerce deliveries in …
U.S. startup SiMa.ai starts shipping machine learning chip and system
By Jane Lanhee Lee (Reuters) – Silicon Valley-based SiMa.ai, a machine learning startup backed by Fidelity Management & Research Company, said on Tuesday it started …
EV startup Faraday Future refutes claims made by top shareholder
(Reuters) – Faraday Future Intelligent Electric Inc on Monday refuted claims made by the electric vehicle startup’s largest shareholder regarding its rights as a stakeholder. …
Korea’s SK invests $100 million in EV-focused startup Atom Power
By Paul Lienert DETROIT (Reuters) – Korea’s SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric …
EV startup Fisker explores higher production in 2023, U.S. manufacturing
(Reuters) – Electric-vehicle startup Fisker Inc said on Friday it was exploring options to manufacture in the United States in 2024 and was considering ramping …
Northrop taps rocket startup Firefly to replace Antares’ Russian engines
By Joey Roulette WASHINGTON -Northrop Grumman is partnering with rocket startup Firefly Aerospace to build a new version of its workhorse Antares rocket without Russian-made …
S.Korea’s Hyundai Motor Group plans to raise stake in startup – report
SEOUL – South Korea’s Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about …
Neuralink co-founder departs Musk-backed startup -sources
By Rachael Levy (Reuters) – A founding member of Elon Musk’s Neuralink left the company in recent weeks, according to two people familiar with the …
Self-driving startup Argo AI lays off about 150 employees
(Reuters) – Self-driving startup Argo AI said on Thursday it had laid off about 150 employees as it makes adjustments to its business plans. The …
Mexican used-car startup Kavak expands outside Latin America
By Cassandra Garrison MEXICO CITY – Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new …
UK green supply chain startup Circulor raises $25mln for US expansion
By Nick Carey LONDON – UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on …
American startup EnergyX out of Bolivian lithium race
By Marcelo Rochabrun (Reuters) – American startup EnergyX and Argentine energy firm Tecpetrol have been disqualified from a race to mine Bolivian lithium, the government …
Exclusive-Rocket propulsion startup to offer new, bigger rocket engine in 2025-CEO
By Joey Roulette WASHINGTON – U.S. rocket engine maker Ursa Major is developing a new medium to heavy-lift rocket engine to serve a growing field …
Startup Gatik says it will put self-driving trucks on the road in Kansas
By Tina Bellon (Reuters) – Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas …
AMD to buy cloud startup Pensando for $1.9 billion in data center push
(Reuters) – Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products …
Mexican startup Stori boosts investments as it targets the unbanked
By Valentine Hilaire MEXICO CITY – Fintech Stori, whose credit cards target the overwhelming majority of Mexicans who lack any kind of formal credit, said …
Steven Mnuchin’s fund buys major stake in security startup Zimperium for $525 million
By Krystal Hu (Reuters) – Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a …
Airline startup Greater Bay’s launch slowed by COVID situation in Hong Kong – CEO
By Jamie Freed – Hong Kong startup Greater Bay Airlines has scaled back its initial growth ambitions due to tight pandemic-related quarantine restrictions and has …
Impossible Foods sues startup Motif Foodworks over meatless burger patent
By Blake Brittain – Meatless burger maker Impossible Foods sued competitor Motif Foodworks on Wednesday, accusing the startup of copying its technology for imitating the …
Facebook-backed Indian startup Meesho targets early 2023 for IPO – source
By Shivani Singh BENGALURU – Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to …
EV battery startup ONE raises $65 million to speed U.S. plant plans
By Paul Lienert Mar 1 – Startup Our Next Energy said a new $65 million funding round will enable it to accelerate development of a …