Peter Thiel-Backed Surveillance Startup Anduril Is Valued at $1.9 Billion
(Bloomberg) — Anduril Industries Inc., a Southern California startup that builds technology for military agencies and border surveillance, said it raised a new funding round nearly doubling the company’s valuation to $1.9 billion. Silicon Valley…
Google Couldn’t Help This Chinese Games Startup Beat Tencent
(Bloomberg) — Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd. The mobile-focused streaming network’s demise on July 2 comes just two…
Everything to know about Quibi, the short-form video startup that raised $1.75 billion before launch but has struggled to break through
Sophie Turner stars in “Survive” on Quibi. Quibi It’s a moment of truth for Quibi, the mobile-video startup that launched in April after raising $1.75 billion to try and revolutionize TV for smartphones. Quibi’s early sign ups are…
Secretive data startup Palantir has confidentially filed for an IPO – TechCrunch
Secretive big data and analytics startup Palantir, co-founded by Peter Thiel, said late Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission to go public. Its statement said little more. “The public listing is…
An entrepreneur’s guide to June’s startup news
As Latin America braces for another wave of coronavirus infections that threaten to bring down healthcare systems, the region’s innovators have been making strategic moves to fortify their business interests while simultaneously providing services that…
Trump administration pays Peter Thiel-backed startup hundreds of millions of dollars to build a virtual border wall
Anduril founder Palmer Luckey. Matt Winkelmeyer/Getty Images The Silicon Valley military-contracting startup Anduril has been awarded a contract with US Customs and Border Protection to build a virtual “wall” as a means to monitor crossings…
Scandal, one IPO and the Indian startup market – TechCrunch
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer, in which we go over the latest, look to the week ahead, talk about some neat…
Amazon Buys Driverless Startup Zoox, Cites Ride-Hailing Goal
(Bloomberg) — When news broke last month that Amazon.com Inc. was interested in buying Zoox Inc., observers assumed the e-commerce giant was looking to automate its delivery fleet. After all, Amazon already invested in an electric truck maker and…
Volvo Invests In Blockchain Startup To Keep Track Of Its Electric Vehicle Raw Material Supply Chain
Swedish automaker Volvo AB (OTC: VLVLY) has invested an undisclosed amount in blockchain startup Circulor, it announced Wednesday. What Happened According to Financial Times, which earlier reported the news, the invested amount is in “high…
An Africa-focused “micro-forestry” startup has raised $28 million to plant a billion trees
Deforestation in Africa—the rate at which trees are being cut down—is happening at twice the global average rate. The implications of that reality range from increased exposure to climate change risks and hobbling biodiversity and conservation efforts.…