Restaurant365 orders in $175M at a $1B+ valuation to supersize its food service software stack
The restaurant industry in the U.S. is expected to pass $1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to ...
Portuguese VC firm Shilling launches €50M opportunity fund to back growth-stage startups
Venture firm Shilling has launched a €50M fund to support growth-stage startups in its own portfolio and to invest in startups everywhere else.
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LanceDB, which counts Midjourney as a customer, is building databases for multimodal AI
Chang She, previously the VP of engineering at Tubi and a Cloudera veteran, has years of experience building data tooling and infrastructure. But when She began working in the AI space, he quickly ran...
Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria
Lydia is splitting itself into two apps — Lydia for P2P payments and Sumeria for those looking for a mobile-first bank account.
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Berlin-based trawa raises €10M to use AI to make buying renewable energy easier for SMEs
Trawa simplifies energy purchasing and management for SMEs by leveraging an AI-powered platform and downstream data from customers.
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Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico
Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” This might be port dues, towage, and pilotage fees. It’s a complex patchwork and all ports operate...
AWS confirms European ‘sovereign cloud’ to launch in Germany by 2025, plans €7.8B investment over 15 years
Amazon Web Services (AWS), Amazon’s cloud computing business, has confirmed further details of its European “sovereign cloud” which is designed to enable greater data residency across the region. The ...
Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO
Go Digit, an Indian insurance startup, has raised $141 million from investors including Goldman Sachs, ADIA, and Morgan Stanley as part of its IPO.
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Food VC Peakbridge has new $187M fund to transform future of food, like lab-made cocoa
Peakbridge intends to invest in between 16 and 20 companies, investing around $10 million in each company. It has made eight investments so far.
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https://techcrunch.com/2024/05/14/peakbridge-187m-venture-fund-foodtech/
Accion’s new $152.5M fund will back financial institutions serving small businesses globally
For over six decades, the nonprofit has been active in the financial services sector.
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Threads finally starts its own fact-checking program
Meta’s newest social network, Threads is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months. Instagram head Adam Mosseri noted that the comp...
https://techcrunch.com/2024/05/14/threads-finally-starts-its-own-fact-checking-program/
Looking Glass launches new 3D displays
Looking Glass makes trippy-looking mixed-reality screens that make things look 3D without the need of special glasses. Today, it launches a pair of new displays, including a 16-inch mode that runs $4,...
https://techcrunch.com/2024/05/14/looking-glass-launches-new-3d-displays/
Intuitive Machines wants to help NASA return samples from Mars
Intuitive Machines made history when it became the first private company to land a spacecraft on the moon, so it makes sense to adapt that tech for Mars.
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https://techcrunch.com/2024/05/14/intuitive-machines-wants-to-help-nasa-return-samples-from-mars/
Ilya Sutskever, OpenAI co-founder and longtime chief scientist, departs
Ilya Sutskever, OpenAI’s longtime chief scientist and one of its co-founders, has left the company. OpenAI CEO Sam Altman announced the news in a post on X Tuesday evening. pic.twitter.com/qyPMIcvcsY ...
Google adds ‘Web’ search filter for showing old-school text links as AI rolls out
As Google revamps itself for the AI era, offering AI overviews within its search results, the company is introducing a new way to filter for just text-based links. With the new “Web” filter that appea...
Blue Origin to resume crewed New Shepard launches on May 19
Blue Origin’s New Shepard rocket will take a crew to suborbital space for the first time in nearly two years later this month, the company announced on Tuesday. The NS-25 mission will launch from Blu...
https://techcrunch.com/2024/05/14/blue-origin-to-resume-crewed-new-shepard-launches-on-may-19/
Patreon and Grammarly are already experimenting with Gemini Nano, says Google
Mobile app developers, including Patreon and Grammarly, are already integrating with Gemini Nano, its smallest AI model, the company announced during the Google I/O 2024 developer keynote on Tuesday. ...
Reddit introduces new tools for ‘Ask Me Anything,’ its Q&A feature
As part of the update, Reddit also launched a dedicated AMA tab within the web post composer.
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https://techcrunch.com/2024/05/14/reddit-new-ask-me-anything-features/
Google Veo, a serious swing at AI-generated video, debuts at Google I/O 2024
Veo can capture different visual and cinematic styles, including shots of landscapes and timelapses, and make edits and adjustments to already-generated footage.
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LearnLM is Google’s new family of AI models for education
Google says it’s developed a new family of generative AI models “fine-tuned” for learning: LearnLM. A collaboration between Google’s DeepMind AI research division and Google Research, LearnLM models —...
https://techcrunch.com/2024/05/14/learnlm-is-googles-new-family-of-ai-models-for-education/