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

techcrunch.com Ivan Mehta 2026-03-18 14:00:00

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

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

techcrunch.com Ivan Mehta 2026-03-18 19:00:00

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

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Stanford Doctors Invent Device That Appears to Be Able to Save Tons of Stroke Patients Before They Die

futurism.com Unknown 2026-03-18 11:45:17

Image by Andrew Brodhead Researchers have developed a novel device that literally spins away the clots that block blood flow to the brain and cause strokes. As Stanford explains in a blurb, the novel milli-spinner device may be able to save the lives of patients who experience "ischemic stroke" from brain stem clotting. Traditional clot removal, a process known as thrombectomy, generally uses a catheter that either vacuums up the blood blockage or uses a wire mesh to ensnare it — a procedure

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

gizmodo.com Justin Carter 2026-03-18 16:00:08

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

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Startups Weekly: No sign of pause

techcrunch.com Anna Heim 2026-03-19 10:05:00

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

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

cnbc.com Samantha Subin 2026-03-20 00:08:08

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

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After a string of successes, early-stage fund Felicis raises fresh $900M

techcrunch.com Julie Bort 2026-03-21 07:13:38

In Brief Felicis founder Aydin Senkut is celebrating his 20th year as an institutional early-stage investor by announcing the firm’s biggest fund yet: a $900 million Fund X. This follows the $825 million Fund IX raised in 2023 and the $600 million Fund XIII raised in 2021. Felicis, a seed and Series A firm, is known for backing a long string of successes, including Ayden, Bonobos, Ring, Shopify, and Twitch, among others. Since being founded in 2006, Felicis has backed over 50 unicorns and had

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Chime pops 37% in Nasdaq debut after pricing IPO above expected range

cnbc.com Mackenzie Sigalos 2026-03-21 11:06:01

CEO of Chime, Chris Britt, center right, rings the opening bell during the company's initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Chime shares jumped 37% in their Nasdaq debut on Thursday after the provider of online banking services sold shares in an IPO that valued the company at $11.6 billion. Late Wednesday, Chime raised about $700 million in its offering, and existing investors sold an additional $165 million worth of shares. The stock, trading under

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Chime almost died in 2016, turned down by 100 VCs — today it IPO’d at $14.5B

techcrunch.com Julie Bort 2026-03-21 18:23:17

One of the year’s most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, which is above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that this is far below its last private valuation of $25 billion, according to PitchBook’s estimates, shares opened at $42, putting it at $14.5 by midday in heavy trading, according to Yahoo Finance. The hungry

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Chime opens at $43 in Nasdaq debut after pricing IPO above expected range

cnbc.com Mackenzie Sigalos 2026-03-21 23:10:15

CEO of Chime, Chris Britt, center right, rings the opening bell during the company's initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Chime opened at $43 in its Nasdaq debut on Thursday after selling shares at $27 each in an IPO that valued the online banking company at $11.6 billion. Late Wednesday, Chime raised about $700 million in its offering, and existing investors sold an additional $165 million worth of shares. The stock is trading under the ticker sy

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Shaq Signs $1.8 Million Check to End His Crypto Drama

gizmodo.com Luc Olinga 2026-03-21 23:40:17

Shaquille O’Neal can finally breathe a sigh of relief. The basketball legend turned businessman and TV personality has agreed to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX. While the payment closes a legal chapter for the former Laker, it also marks a turning point in how courts are treating celebrity endorsements in the volatile world of crypto, a space where stardom once offered both hype and cover. O’Neal is among

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Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.

techcrunch.com Julie Bort 2026-03-21 23:23:17

One of the year’s most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that this is far below its last private valuation of $25 billion, according to PitchBook’s estimates, shares opened at $42, putting it at $14.5 by midday in heavy trading, according to Yahoo Finance. The hungry response

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Nintendo Switch 2 Blows Past Records to Sell 3.5 Million Consoles in Just 4 Days

cnet.com See Full Bio 2026-03-22 02:46:00

We knew it was highly anticipated, but Nintendo on Wednesday confirmed that its new Switch 2 handheld game console has sold more than 3.5 million units worldwide within the first four days of release. This makes it the fastest-selling Nintendo device ever, flying past other releases like the original Switch, which by comparison sold 2.74 million units in its first month. The Nintendo Switch 2 launched at a price of $450 for the standard America version of the console, which has yet to be affect

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Battery manufacturer Powin files for bankruptcy months after landing $200M loan

techcrunch.com Tim De Chant 2026-03-22 03:28:24

Battery manufacturer Powin filed for bankruptcy on Wednesday. The Oregon-based company said it has more than $300 million in debt. The Chapter 11 filing will let the company continue operating while it restructures its debt. Powin manufactured grid-scale batteries using lithium-iron-phosphate (LFP) cells from China. The company had been searching for alternative domestic suppliers, but the supply chain wasn’t sufficiently mature, Jeff Waters, the company’s former CEO, told Bloomberg in April.

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Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion

cnbc.com Ian Thomas 2026-03-23 04:57:08

Gecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company's valuation to $1.25 billion. The new round of funding means the Pittsburgh-based company has reached unicorn status, roughly twelve years after it was founded by Jake Loosararian. The company's previous round of funding, a $173 million Series C in December 2023, valued it at $633 million. To date, the company has raised $347 million from investors including USIT, X

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U.S. online stores put 'out of stock' signs as Nintendo Switch 2 sales hit record highs

cnbc.com Dylan Butts 2026-03-22 14:51:20

Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console's midnight release. Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up "out of stock" signs. The record-breaking start for the company's first new console in eight years, puts Nintendo on the path to realizing its aim

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Nintendo sells 3.5M Switch 2 consoles in four days

venturebeat.com Dean Takahashi 2026-03-23 08:17:00

Nintendo of America announced that the Nintendo Switch 2 has sold over 3.5 million units worldwide in its first four days, becoming the fastest-selling Nintendo hardware ever globally. The new system went on sales on June 5 around the world, with fans lined up at midnight sales in a number of places. The Kyoto, Japan-based company said it hopes to sell 15 million Switch 2 consoles in its first year, on a pace to exceed growth of the original Switch. That’s a pretty good sales rate, despite an

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Nintendo sets record with 3.5 million Switch 2 units sold in four days

engadget.com Unknown 2026-03-22 22:00:50

Nintendo has sold 3.5 million Switch 2s in four days, setting a company record for a new console launch. That puts Nintendo on track toward its goal to sell 15 million units by March 2026 if it can keep up on the production side. By comparison, it took the original Switch nearly a full month to hit 2.7 million units sold, even though it launched at a considerably lower price ($300 compared to $450 for the Switch 2). To get a hold of one, fans entered lotteries to buy consoles directly from Nint

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I managed to buy a Nintendo Switch 2 - and it's easy to see why it's flying off shelves

zdnet.com Kerry Wan 2026-03-23 04:43:00

Kerry Wan/ZDNET While the Nintendo Switch 2 launched only a week ago, it's already set the record for being the fastest-selling Nintendo console ever. Today, the company shared that the latest 2-in-1 gaming system sold over 3.5 million units worldwide in its first four days. For reference, the original Nintendo Switch sold 2.74 million units in its first month, while Sony sold 4.4 million units of the PlayStation 5 in seven weeks, according to Daniel Ahmad, director of research and insights at

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With the launch of o3-pro, let’s talk about what AI “reasoning” actually does

arstechnica.com Unknown 2026-03-23 00:58:43

On Tuesday, OpenAI announced that o3-pro, a new version of its most capable simulated reasoning model, is now available to ChatGPT Pro and Team users, replacing o1-pro in the model picker. The company also reduced API pricing for o3-pro by 87 percent compared to o1-pro while cutting o3 prices by 80 percent. While "reasoning" is useful for some analytical tasks, new studies have posed fundamental questions about what the word actually means when applied to these AI systems. We'll take a deeper l

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Musk’s threat to sue firms that don’t buy ads on X seems to have paid off

arstechnica.com Unknown 2026-03-23 03:00:48

Elon Musk's strategy of suing or threatening to sue companies that don't buy advertising on X has reportedly paid off in at least a few cases. A Wall Street Journal report yesterday said that Verizon and other companies started advertising on X after lawsuit threats. X sued some advertisers last year over what it claims is an illegal boycott and reportedly threatened to add other companies to the lawsuit if they didn't buy ads. The WSJ article said that Verizon, which hadn't advertised on X sin

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Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

techcrunch.com Dominic-Madori Davis 2026-03-23 00:30:00

Collab Capital announced today the close of a $75 million Fund II. Jewel Burks Solomon, who rose to prominence in Silicon Valley during her years running Google for Startups US, has just closed her second fund for her VC firm Collab Capital. Fund II is $75 million and includes heavyweight limited partners like Apple, Goldman Sachs Asset Management, and The Leon Levine Foundation. Solomon co-founded the firm alongside Barry Givens in 2020 with an inaugural $50 million Fund I and invested in 38

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Fervo Energy lands $206M in financing to build massive geothermal power plant

techcrunch.com Tim De Chant 2026-03-23 03:31:35

Geothermal frontrunner Fervo Energy said Wednesday that it had secured $206 million in financing to continue work on a new power plant in Utah. The startup is developing what promises to be the largest enhanced geothermal power plant in the world. The initial phase of Cape Station is expected to come online next year and produce 100 megawatts of electricity, and a subsequent expansion set to open in 2028 will add another 400 megawatts. Enhanced geothermal, which runs deeper and hotter than tra

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Sam Altman-backed Coco Robotics raises $80M

techcrunch.com Rebecca Szkutak 2026-03-23 04:40:15

In Brief Los Angeles-based Coco Robotics, a startup building last-mile delivery robots, announced it raised $80 million on Wednesday. The funding round included angel investors Sam Altman and Max Altman, both returning investors, in addition to VC firms like Pelion Venture Partners and Offline Ventures, among others. This brings the company’s total funding to more than $120 million. The company last raised a $36 million Series A round in 2021. Coco’s zero-emissions robots can hold 90 liters’

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Bybit loses $1.5B in hack but can cover loss, CEO confirms

news.ycombinator.com Unknown 2025-11-17 09:15:03

Cryptocurrency exchange Bybit has experienced $1.46 billion worth of "suspicious outflows," according to blockchain sleuth ZachXBT. The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The wallet has sold around $200 million worth of stETH so far. Bybit CEO Ben Zhou wrote on X that a hacker "took control of the spe

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This New Drug Could Help End the HIV Epidemic—but US Funding Cuts Are Killing Its Rollout

wired.com David Cox 2025-11-17 11:26:30

After a lifetime on the frontiers of the fight against HIV, Linda-Gail Bekker could finally see the end of the epidemic in sight. For decades, HIV experts had dreamed of an elusive vaccine to block the ongoing chain of infections, which still sees more than 1 million people worldwide contract the virus annually. Bekker, a 62-year-old medical professor from the University of Cape Town, had helped identify a drug that could do just that. But now, thanks to the Trump administration’s executive ord

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Bybit CEO Confirms Exchange Was Hacked for $1.46B

news.ycombinator.com Unknown 2025-11-17 15:15:03

Cryptocurrency exchange Bybit has experienced $1.46 billion worth of "suspicious outflows," according to blockchain sleuth ZachXBT. The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The wallet has sold around $200 million worth of stETH so far. Bybit CEO Ben Zhou wrote on X that a hacker "took control of the spe

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Five of the most important fintech VCs investing heavily in the sector

techcrunch.com Mary Ann Azevedo 2025-11-17 14:30:00

Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this is not the enthusiasm of years past, especially the wild days of 2021. But judging by our inboxes, there is no shortage of venture capitalists still betting big on the space. Below is a list of just a few VC

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Augury and Hightouch joined the unicorn club

techcrunch.com Anna Heim 2025-11-17 16:05:00

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. Startup life is a story of births and deaths. This week confirmed this, and it confirmed that unicorn rounds are not dead. Most interesting startup stories from the week Image Credits:Natalie Christman / Humane As happens often in the startup world, it’s been a week of beginnings and endings. Thinking machines: Thinking Machines Lab, the n

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61 US startups became unicorns in 2024: Here’s the full list

techcrunch.com Dominic-Madori Davis 2025-11-17 03:55:22

Despite the tight venture capital market, unicorns are still being created every month. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups. But cybersecurity, health tech, and fintech have also done well. This list will be updated throughout the year, so check back and see the powerhouses ra

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Latest Tech News

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

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

Stanford Doctors Invent Device That Appears to Be Able to Save Tons of Stroke Patients Before They Die

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

Startups Weekly: No sign of pause

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

After a string of successes, early-stage fund Felicis raises fresh $900M

Chime pops 37% in Nasdaq debut after pricing IPO above expected range

Chime almost died in 2016, turned down by 100 VCs — today it IPO’d at $14.5B

Chime opens at $43 in Nasdaq debut after pricing IPO above expected range

Shaq Signs $1.8 Million Check to End His Crypto Drama

Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.

Nintendo Switch 2 Blows Past Records to Sell 3.5 Million Consoles in Just 4 Days

Battery manufacturer Powin files for bankruptcy months after landing $200M loan

Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion

U.S. online stores put 'out of stock' signs as Nintendo Switch 2 sales hit record highs

Nintendo sells 3.5M Switch 2 consoles in four days

Nintendo sets record with 3.5 million Switch 2 units sold in four days

I managed to buy a Nintendo Switch 2 - and it's easy to see why it's flying off shelves

With the launch of o3-pro, let’s talk about what AI “reasoning” actually does

Musk’s threat to sue firms that don’t buy ads on X seems to have paid off

Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

Fervo Energy lands $206M in financing to build massive geothermal power plant

Sam Altman-backed Coco Robotics raises $80M

Bybit loses $1.5B in hack but can cover loss, CEO confirms

This New Drug Could Help End the HIV Epidemic—but US Funding Cuts Are Killing Its Rollout

Bybit CEO Confirms Exchange Was Hacked for $1.46B

Five of the most important fintech VCs investing heavily in the sector

Augury and Hightouch joined the unicorn club

61 US startups became unicorns in 2024: Here’s the full list

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