Sam Altman-backed Coco Robotics raises $80M
Coco Robotics has made more than 500,000 deliveries with its zero-emissions robots since they hit the streets in 2020. Source: techcrunch.com Read Full Story
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North America takes the bulk of AI VC investments, despite tough political environment
Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars. Source: techcrunch.com Read Full Story
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A new startup called Bono aims to modernize the way people donate to charities
Every year, donors contribute billions of dollars to charities, yet the donation process still feels outdated and cumbersome. Founders Dan Eblagon and Ron Levy believe there is an easier way to donate, leading to the creation of Bono, a platform designed to facilitate a more modern and streamlined approach to giving. The platform (named after…
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Capsule captures $12M to build the next version of its AI video editor for brands
Capsule is upgrading its AI-powered video editing assistant for marketing, sales, and media teams following the close of a $12 million round of Series A funding, the company announced on Wednesday. The upgraded editor will include new features like AI suggestions and support for real-time collaboration. The new version of its studio software will feature…
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Conifer locks down $20M seed round for its ‘drop-in’ electric hub motor
A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors. The new startup, called Conifer, has developed its motor to be free of rare earth elements by using more abundant ferrite magnets, which the company says…
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Amazon’s Alexa Fund is now backing AI startups
Amazon started the Alexa Fund in 2015 to back early-stage voice startups. With the advent of large language models and Amazon launching Gen AI-powered Alexa+, along with a family of multimodal AI models, the fund now wants to broaden its scope and invest more in AI startups. In a blog post Amazon shared with TechCrunch…
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AI creation platform Arcade expands from jewelry to home goods
Arcade, a generative AI marketplace for designing jewelry, is expanding its offerings to include home goods, starting with rugs. The company on Monday also introduced a new feature called “Match My Room,” which allows users to upload a photo of their room so their design complements the existing colors and style. Alongside this expansion, Arcade…
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Kerry Washington invests in wedding marketplace Cheersy
Kerry Washington is expanding her angel investment portfolio, serving as lead investor in the pre-seed round of the wedding marketplace Cheersy. Cheersy, which was founded in 2024 by Amy Shack Egan, helps couples find day-of-service wedding coordinators and has raised a total of $550,000 from other investors, including Elizabeth Cutler, co-founder of Soul Cycle, and…
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Trump administration might give a boost to deep-sea mining for critical minerals
A string of nominees all previously said that they support the practice A string of nominees all previously said that they support the controversial practice. Source: techcrunch.com Read Full Story
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OpenAI Startup Fund secures $15 million in discreet funding round
OpenAI Startup Fund has quietly secured $15 million in its latest funding round without any fanfare. This Startup Fund is associated with OpenAI but operates independently from the company. As the name says, it focuses on providing funds to early-stage […] Source: aibeat.co Read Full Story
