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Four months after a $3B valuation, Harvey AI grows to $5B

In Brief Harvey AI, a startup that provides automation for legal work, has raised $300 million in Series E funding at a $5 billion valuation, the company told Fortune. The round was co-led by Kleiner Perkins and Coatue, with participation from existing investors, including Conviction, Elad Gil, OpenAI Startup Fund, and Sequoia. The financing comes just four months after Harvey announced that Sequoia led a $300 million Series D round at a $3 billion valuation. While many AI companies aim to ke

‘Elio’ Gave Pixar Its Worst Box Office Opening Ever

Elio may have garnered some very solid reviews–low for Pixar considering its back catalogue, but still very solid–but that apparently wasn’t enough to save it from setting a pretty grim record. The movie is now currently Pixar’s worst-performing opening weekend, but while there is still plenty of time for things to change, what it might say about the future of the studio’s output isn’t so optimistic. Variety reports that Elio ranked third at the Box Office this weekend behind the still-continue

Pompliano’s ProCap raises over $750 million, goes public via SPAC as bitcoin treasury bubble grows

The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp. I, according to an announcement Monday. Led by investor and podcast host Anthony Pompliano, ProCap raised more than $750 million in its funding round, including $235 million in convertible debt, with equity ma

SMB-focused Finom closes €115M as European fintech heats up

While funding may be scarce for some, Europe’s fastest-growing startups still have their pick. The latest beneficiary of that investor appetite is Finom, a five-year-old, Amsterdam-based challenger bank that targets small and medium-size businesses across Europe. The company, which claims to have doubled its revenue in 2024, just closed a €115 million Series C equity round (around $133 million), TechCrunch learned exclusively. This comes only a few weeks after it landed $105 million in growth f

Cluely, a startup that helps ‘cheat on everything,’ raises $15M from a16z

Cluely, a startup that claims to help users “cheat” on job interviews, exams, and sales calls, has raised a $15 million Series A led by Andreessen Horowitz, the company announced on Friday with a video posted on X. Two investors who were not part of the deal tell TechCrunch they believe Cluely’s post-money valuation is around $120 million. Andreessen Horowitz declined to comment on that figure. Lee didn’t respond to a request for comment. Cluely’s new funding comes roughly two months after it

TechCrunch Mobility: Applied Intuition’s eye-popping valuation, the new age of micromobility, and Waymo’s wild week

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Waymo might be the largest commercial robotaxi operator — offering 250,000 paid rides per week — but it is hardly smooth. The past seven days in Waymo’s world illustrates just how dynamic the burgeoning robotaxi business can be. The company limited service nationwide on June 13 ahead of scheduled “No Kings” protests against Presid

Startups Weekly: Fast and furious

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Some startups accrued value at lightning speed this week, and we got confirmation that defense tech is red hot. Most interesting startup stories from the week Image Credits:Kelly Sullivan / Getty Images Many startup stories this week occurred in Y Combinator’s orbit in some way. Also, Israel once again lived up to its “Start-Up Nation” repu

David Zaslav Is Getting a Pay Cut

David Zaslav, the unfortunate CEO of the company formerly known as Warner Bros. Discovery (the company, which was once two separate companies but became one, is splitting up again), has often been accused of being bad at his job and, now, it would appear that the people who pay his salary may agree. A new report from Deadline finds that Zaslav is scheduled to receive a sizable pay cut this year. Citing a recent SEC filing, Deadline notes that a new business agreement will “significantly reduce

Every fusion startup that has raised over $100M

Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that powers the sun to generate nearly limitless energy here on Earth. If startups are able to complete commercially viable fusion power plants, then they have the potential

Nvidia’s AI empire: A look at its top startup investments

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared. During that period, the world’s leading high-performance GPU maker has used its ballooning fortunes to significantly increase investments in all sorts of startups but particularly in AI startups. The

Announcing our 2025 VB Transform Innovation Showcase finalists

Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more This year’s VB Innovation Showcase finalists will be at VB Transform, June 24-25, in San Francisco. They will take to the stage as we delve into what’s actually working in enterprise AI, from copilots to agents. Seven companies have been selected to showcase their generative AI products or features that are most likely to disrupt the ente

Here are the 24 US AI startups that have raised $100M or more in 2025

Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will 2025 compare? It’s still the first half of the year, but so far it looks like 2024’s momentum will continue this year. There have already been multiple billion-dollar rounds this y

Check your bank account — you may have some surprise money from the 2021 T-Mobile data breach

Joe Maring / Android Authority TL;DR Kroll is distributing payments as part of a $350M settlement for T-Mobile’s 2021 data breach, which affected over 76 million US users. Most users are getting either $56.54 or $226.19, but we’ve spotted reports for receipts going up to $375. Those eligible for over $600 are allegedly being asked to fill out a W-9. Only those who filed valid claims in 2022/2023 will receive their share of the settlement. If you’re a T-Mobile customer and you just received m

Thieves steal almost 3,000 Switch 2 consoles worth $1.4 million from truck headed to Texas GameStop

What just happened? Thieves have made off with almost 3,000 Switch 2 consoles after stealing them from a truck that was heading to a GameStop store in Texas. It's estimated that the value of the stolen goods was somewhere around $1.4 million, and the incident will doubtlessly affect stock levels at the store until replacements arrive. Authorities say that the 2,810 Nintendo Switch 2 consoles were stolen from the back of a semi-truck as it made its way from Nintendo of America's Redmond headquar

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

In just 3 months, Ramp’s valuation jumped to $16B from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

UK fines 23andMe for ‘profoundly damaging’ breach exposing genetics data

The UK Information Commissioner's Office (ICO) has fined genetic testing provider 23andMe £2.31 million ($3.12 million) over 'serious security failings' that led to a 'profoundly damaging' data breach in 2023. The data protection watchdog said today that 23andMe failed to protect the sensitive data of UK residents who had their genotype data, health reports, and personal information stolen in credential stuffing attacks using stolen login credentials that went unnoticed for five months between

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Rising-star defense tech Mach Industries has announced a new $100 million round of funding at a $470 million valuation. TechCrunch first reported that this deal was in the works last month. New investor Keith Rabois from Khosla Ventures joins existing investor Geoff Lewis of Bedrock Capital to lead the round. Existing investor Sequoia also participated. The fresh funding brings the startup’s total raised to about $185 million to date. The round represents a modest step up from the company’s pr

Justin Sun's Tron to go public through reverse merger in deal led by Trump-linked bank

Justin Sun's crypto company Tron is set to hit the public market through a reverse merger with a manufacturer of custom toys and souvenirs for the world's biggest theme parks. SRM Entertainment , a Nasdaq-listed merchandise supplier that has licensing deals with Disney , Universal Studios (owned by CNBC parent NBC Universal) and SeaWorld, said on Monday that it will raise $100 million from a private investor to buy TRON tokens, and will issue preferred shares and warrants that value the deal at

God help us, Donald Trump is launching Trump Mobile and plans to sell a phone

Donald Trump is launching a cellular brand called Trump Mobile. The newly formed company, which was announced today by Donald Trump Jr., will sell a single wireless plan called “The 47 Plan,” which offers unlimited talk and texting, as well as unlimited data that throttles speeds after the first 20GB each month. The Trump Mobile service is a white-label plan built on an existing mobile virtual network operator (MVNO) called Liberty Mobile. The company also plans to sell “The T1 Phone,” a gold-ac

Your Next Instant Pot Might Be Made by Donald Trump

Donald Trump sells everything from Trump-branded Bibles to MAGA sneakers, as the billionaire hustler profits from the presidency in a way that no other U.S. leader has ever attempted. And it looks like we can add a few more products to the list today, including a MAGA Instant Pot, if you can believe it. The new Instant Pot is being dubbed the 45/47 Collaboration, according to a new report from Semafor, a reference to Trump being both the 45th and 47th president of the United States. It’s not cl

God help us, Donald Trump plans to sell a phone

Donald Trump is launching a cellular brand called Trump Mobile . The newly formed company, which was announced today by Donald Trump Jr., will sell a single wireless plan called “The 47 Plan,” which offers unlimited talk and texting, as well as unlimited data that throttles speeds after the first 20GB each month. The Trump Mobile plan is a white-label plan built on an existing mobile virtual network operator (MVNO) called Liberty Mobile . The company also plans to sell “The T1 Phone,” a gold-acc

Car-sharing giant Zoomcar says hacker accessed personal data of 8.4 million users

Indian car-sharing marketplace Zoomcar has revealed that a hacker accessed the personal data of at least 8.4 million customers, including their names, phone numbers, and car registration numbers. The Bengaluru-headquartered company identified the incident involving unauthorized access to its information systems on June 9, per its filing with the U.S. Securities and Exchange Commission. The company stated that it became aware of the incident after some of its employees received external communic

Car sharing giant Zoomcar says hacker accessed personal data of 8.4 million users

Indian car-sharing marketplace Zoomcar has revealed that a hacker accessed the personal data of at least 8.4 million customers, including their names, phone numbers, and car registration numbers. The Bengaluru-headquartered company identified the incident involving unauthorized access to its information systems on June 9, per its filing with the U.S. Securities and Exchange Commission. The company stated that it became aware of the incident after some of its employees received external communic

Police seizes Archetyp Market drug marketplace, arrests admin

Law enforcement authorities from six countries took down the Archetyp Market, an infamous darknet drug marketplace that has been operating since May 2020. Archetyp Market sellers provided the market's customers with access to high volumes of drugs, including cocaine, amphetamines, heroin, cannabis, MDMA, and synthetic opioids like fentanyl through more than 3,200 registered vendors and over 17,000 listings. Over its five years of activity, the marketplace amassed over 612,000 users with a tota

Aspora gets $50M from Sequoia to build remittance and banking solutions for Indian diaspora

India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an increasing market for digitalized banking experiences for non-resident Indians(NRIs), ranging from remittances to investing in different assets back home. Aspora (formerly Vance) is

Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an increasing market for digitalized banking experiences for non-resident Indians(NRIs), ranging from remittances to investing in different assets back home. Aspora (formerly Vance) is

‘How to Train Your Dragon’ is Another Hit Remake at the Box Office

A second live-action remake has hit theaters with Universal’s How to Train Your Dragon, and shocker, it’s taking off big. Per Variety, the film has opened to $197.8 million worldwide. Of that, $114 million came from the international market, with Mexico, the UK and Ireland, and China listed as big contributors. Critic and audience reactions to the movie have been pretty solid, and it likely helps the larger How to Train Your Dragon franchise has never really went away: along with the three anim

Startups Weekly: No sign of pause

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. You’d think WWDC would cause a lull in startup news. But not in June, when everyone is eager to announce their latest deals — or even to go public. Most interesting startup stories from the week Image Credits:Nasdaq This week brought us many reminders that no startup journey is linear — but the next billion-dollar idea may only be one click

Archer drops as much as 15% on $850 million share sale following Trump air taxi pilot program

Archer Aviation 's stock dropped as much as 15% on Friday after the air taxi maker said it sold $850 million worth of shares. The electric vertical takeoff and landing vehicle, or eVTOL, company said Thursday it plans to use the financing to support new infrastructure and the rollout of an artificial intelligence-based aviation software platform. The money will also support its Launch Edition program, including an official partnership to provide air taxi services during the 2028 Olympics in Los