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Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

cnbc.com Eric Rosenbaum 2026-03-14 17:16:27

Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm. The $200 million round is the fifth that Founders' has led for Ramp and raised its valuation by $3 billion. It last raised money at a $13 billion valuation in March. Founded in 2019, Ramp offers services that cover corporate cards, procurement, bookkeeping, travel booking, and vendor managemen

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

techcrunch.com Julie Bort 2026-03-14 16:10:57

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.

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

techcrunch.com Julie Bort 2026-03-14 21:10:57

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

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Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

techcrunch.com Amanda Silberling 2026-03-15 05:26:47

In Brief Elon Musk’s startup xAI is trying to raise a $4.3 billion equity investment, according to a report from Bloomberg. This equity funding would be in addition to the $5 billion that Musk is allegedly trying to raise in debt funding for the combined entity of X and xAI. The company appears to be raising money again after landing a $6 billion cash infusion in December, because it has already spent much of its money. xAI makes Grok, the AI chatbot that’s embedded inside the social network

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

bleepingcomputer.com Unknown 2026-03-15 10:59:09

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

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

techcrunch.com Julie Bort 2026-03-15 13:00:00

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

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OpenAI awarded $200 million US defense contract for the use of its AI models

engadget.com Unknown 2026-03-15 17:00:52

OpenAI has just launched an initiative called OpenAI For Government starting with a modest new contract. The company was awarded $200 million by the US Department of Defense (DoD) to develop "prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains," according to the DoD's website. The contract is the DoD's first with OpenAI. It will last a year and take place largely in an area that includes Washington, DC and nearby countie

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OpenAI wins $200M U.S. defense contract

news.ycombinator.com Jordan Novet 2026-03-16 04:31:58

OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. The department announced the one-year contract on Monday, months after OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for "national security missions." "Under this award, the performer will develop prototype frontier AI capabil

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OpenAI wins $200 million U.S. defense contract

cnbc.com Jordan Novet 2026-03-16 09:42:28

OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. The department announced the one-year contract on Monday, months after OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for "national security missions." "Under this award, the performer will develop prototype frontier AI capabil

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WhatsApp introduces ads in its app

news.ycombinator.com Eli Tan 2026-03-16 11:38:59

When Facebook bought WhatsApp for $19 billion in 2014, the messaging app had a clear focus. No ads, no games and no gimmicks. For years, that is what WhatsApp’s two billion users — many of them in Brazil, India and other countries around the world — got. They chatted with friends and family unencumbered by advertising and other features found on social media. Now that is set to change. On Monday, WhatsApp said it would start showing ads inside its app for the first time. The promotions will a

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A Billionaire Just Died in the Most Bizarre Way You Can Possibly Imagine

futurism.com Unknown 2026-03-16 18:20:58

Image by Getty / Futurism Developments An auto parts billionaire died last week after reportedly swallowing a bee and being stung by it internally. As The Telegraph reports, Indian industrialist Sunjay Kapur was playing polo during the Queen's Cup tournament in Windsor, England when, according to eyewitnesses on the scene, he man shouted "I swallowed something" before keeling over. Though his official cause of death hasn't been released, reporting from The Telegraph and The Mirror suggests th

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

cnbc.com Mackenzie Sigalos 2026-03-17 00:59:42

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

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

engadget.com Unknown 2026-03-17 05:29:13

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

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Your Next Instant Pot Might Be Made by Donald Trump

gizmodo.com Matt Novak 2026-03-17 05:15:37

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

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God help us, Donald Trump plans to sell a phone

engadget.com Unknown 2026-03-17 08:58:31

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

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

techcrunch.com Jagmeet Singh 2026-03-17 12:45:00

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

Topics: company incident million said zoomcar

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

techcrunch.com Jagmeet Singh 2026-03-17 17:45:00

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

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Police seizes Archetyp Market drug marketplace, arrests admin

bleepingcomputer.com Unknown 2026-03-18 10:15:52

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

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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 04:00:00

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

Topics: company financial million nris remittances

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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 09:00:00

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

Topics: company financial million nris remittances

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

gizmodo.com Justin Carter 2026-03-18 06:00:08

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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New details emerge on Meta’s $14.3B deal for Scale

techcrunch.com Julie Bort 2026-03-18 13:35:56

In Brief Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue as shareholders. Meta is also hiring Scale’s famed founder CEO Alexandr Wang, who famously dropped out of MIT at age 19 to bui

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Oracle's stock closes out best week since 2001 on cloud momentum

cnbc.com Jordan Novet 2026-03-18 18:08:43

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company's prospects in cloud computing. The stock jumped about 24% for the week, with almost all the gains coming in the two trading days after the company's quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com cr

Topics: billion cloud company earnings oracle

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Oracle's stock on pace for best week since 2001 on cloud momentum

cnbc.com Jordan Novet 2026-03-18 21:36:15

Oracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company's prospects in cloud computing. The stock is up about 24% for the week, with almost all the gains coming in the two trading days after the company's quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com crash, when so-called dead-cat bounces were common. The prior quarter Oracle shares lost almost

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Startups Weekly: No sign of pause

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

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

Topics: capital million raised series startup

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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 2026-03-19 14:08:08

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

Topics: air archer aviation million said

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Meta invests $14.8 billion in Scale AI and recruits its CEO

engadget.com Unknown 2026-03-19 21:00:29

Meta has finalized its $14.3 billion investment in Scale AI, which now values the startup that provides other companies with data labeling and model evaluation services for AI training at $29 billion. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta. According to The New York Times, Wang will lead Meta's fledgling "Superintelligence lab." A few days ago, several reports came out that Meta chief Mark Zuckerberg has been personally overseeing the recruitment for a

Topics: ai billion investment meta scale

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

techcrunch.com Julie Bort 2026-03-20 21:13:38

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

Topics: ai felicis firm fund million

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Oracle shares pop 13% to record high on earnings beat, cloud optimism

cnbc.com Jordan Novet 2026-03-21 01:26:07

Larry Ellison, Oracle's co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other t

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

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

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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Latest Tech News

Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

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

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

Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

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

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

OpenAI awarded $200 million US defense contract for the use of its AI models

OpenAI wins $200M U.S. defense contract

OpenAI wins $200 million U.S. defense contract

WhatsApp introduces ads in its app

A Billionaire Just Died in the Most Bizarre Way You Can Possibly Imagine

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

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

Your Next Instant Pot Might Be Made by Donald Trump

God help us, Donald Trump plans to sell a phone

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

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

Police seizes Archetyp Market drug marketplace, arrests admin

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

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

New details emerge on Meta’s $14.3B deal for Scale

Oracle's stock closes out best week since 2001 on cloud momentum

Oracle's stock on pace for best week since 2001 on cloud momentum

Startups Weekly: No sign of pause

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

Meta invests $14.8 billion in Scale AI and recruits its CEO

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

Oracle shares pop 13% to record high on earnings beat, cloud optimism

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

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