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Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel's Founders Fund

cnbc.com Samantha Subin 2025-07-20 15:20:40

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel's Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities. "What we really need in this country is this quantum leap above China's manufacturing model," said CE

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Senate votes to kill entire public broadcasting budget in blow to NPR and PBS

arstechnica.com Unknown 2025-07-20 15:35:59

The US Senate voted to rescind two years' worth of funding from the Corporation for Public Broadcasting (CPB), delivering a blow to public radio and television stations around the country. The CPB is a publicly funded nonprofit corporation that supports NPR and PBS stations. The 51-48 vote today on President Trump's rescissions package would eliminate $1.1 billion that was allocated to public broadcasting for fiscal years 2026 and 2027. All 51 yes votes came from Republicans, while Sens. Susan

Topics: broadcasting cpb funding npr public

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

techcrunch.com Aisha Malik 2025-07-20 14:10:33

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Topics: ceo creators funding million substack

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

techcrunch.com Aisha Malik 2025-07-20 19:10:33

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Topics: ceo creators funding million substack

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Senate removes ban on state AI regulations from Trump's tax bill

zdnet.com Radhika Rajkumar 2025-08-16 23:29:00

Jarmo Piironen/Getty Images Until now, the Trump administration's tax bill -- also called its "big, beautiful bill," which passed in the Senate on Tuesday -- included a rule that would prevent states from enforcing their own AI legislation for five years, and would withhold up to $500 million in funding for AI infrastructure if states don't comply. On Tuesday, a day into a "vote-o-rama" that began Monday in an effort to pass Trump's tax bill before the July 4 holiday, the Senate voted 99 to on

Topics: administration ai funding laws states

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14 Million People Could Die in Next 5 Years Due to USAID Cuts, Study Finds

gizmodo.com Ed Cara 2025-08-17 03:15:14

Elon Musk’s wood-chipping of the United States Agency for International Development (USAID) is poised to leave piles of bodies behind in its wake, a new study suggests. Scientists have calculated that recent funding cuts to USAID could lead to millions of preventable deaths worldwide over the next half-decade. An international group of researchers conducted the study, published Monday in the Lancet. They estimated that USAID funding in developing countries has helped save dozens of millions of

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Trump's big, revised bill will slash AI funding for states that regulate AI

zdnet.com Radhika Rajkumar 2025-08-19 06:19:00

ANDREY DENISYUK/Getty The Trump administration's tax bill -- also called its "big, beautiful bill," which is facing a vote today -- includes a rule that would prevent states from enforcing their own AI legislation for five years, and would withhold up to $500 million in funding for AI infrastructure if states don't comply. Over the weekend, senators also added exemptions for state laws targeting unfair or deceptive practices and child sexual abuse material (CSAM). The initial version of the ru

Topics: ai funding legislation regulation states

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Senate pits AI regulation against state funding

zdnet.com Radhika Rajkumar 2025-08-19 11:19:00

ANDREY DENISYUK/Getty The Trump administration's tax bill -- also called its "big, beautiful bill," which is facing a vote today -- includes a rule that would prevent states from enforcing their own AI legislation for five years, and would withhold up to $500 million in funding for AI infrastructure if states don't comply. Over the weekend, senators also added exemptions for state laws targeting unfair or deceptive practices and child sexual abuse material (CSAM). The initial version of the ru

Topics: ai funding legislation regulation states

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NIH budget cuts affect research funding beyond US borders

arstechnica.com Unknown 2025-08-19 15:07:50

Rory de Vries, an associate professor of virology in the Netherlands, was lifting weights at the gym when he noticed a WhatsApp message from his research partners at Columbia University, telling him his research funding had been cancelled. The next day he received the official email: “Hi Rory, Columbia has received a termination notice for this contract, including all subcontracts,” it stated. “Unfortunately, we must advise you to immediately stop work and cease incurring charges on this subcont

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How the Senate's ban on state AI regulation imperils internet access

zdnet.com Radhika Rajkumar 2025-08-20 10:15:56

ANDREY DENISYUK/Getty The Trump administration's tax bill -- also called its "big, beautiful bill" -- which rounds up key pieces of the president's agenda, also includes a rule that would prevent states from enforcing their own AI legislation for 10 years, if passed. After an initial budget hiccup, Republican senators successfully amended the rule to comply with budgetary requirements by adding that states trying to enforce AI regulations would not receive federal broadband funding. Here's why

Topics: administration ai funding new states

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Startups Weekly: Tech and the law

techcrunch.com Anna Heim 2025-08-21 07:05:00

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. Before this newsletter takes a break for the Fourth of July next week, here are the startup stories and funding rounds that caught our eye over the last few days, which have been quite busy. Most interesting startup stories from the week Image Credits:SOPA Images / Contributor / Getty Images This week brought us lawsuit updates, M&As, and a

Topics: ai funding million raised startup

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Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round

cnbc.com Ryan Browne 2025-08-29 10:59:54

Crypto company Digital Asset said Tuesday that it's netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs , BNP Paribas and Ken Griffin's Citadel Securities also investing. The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies. Previously a

Topics: asset crypto digital funding goldman

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

techcrunch.com Anna Heim 2025-08-31 21:01:00

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

Topics: company finom funding million series

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Announcing our 2025 VB Transform Innovation Showcase finalists

venturebeat.com Aliyah Mohammed 2025-09-05 05:46:15

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

Topics: ai based funding million ventures

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Via the False Claims Act, NIH puts universities on edge

arstechnica.com Unknown 2025-09-06 07:42:07

Earlier this year, a biomedical researcher at the University of Michigan received an update from the National Institutes of Health. The federal agency, which funds a large swath of the country’s medical science, had given the green light to begin releasing funding for the upcoming year on the researcher’s multi-year grant. Not long after, the researcher learned that the university had placed the grant on hold. The school’s lawyers, it turned out, were wrestling with a difficult question: whethe

Topics: funding grant nih researcher university

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

techcrunch.com Amanda Silberling 2025-09-08 23:26:47

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

Topics: billion equity funding money xai

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Fleet lands $27M Series B to expand open device management with cloud and self-hosting flexibility

9to5mac.com Bradley C 2025-09-09 03:00:00

Device management vendor Fleet has raised $27 million in Series B funding to accelerate development of its open device management platform. The round was led by Ten Eleven Ventures and brings Fleet’s total funding to $52.3 million. The company reports 6x revenue growth over the past two years and plans to use the funding to expand adoption across enterprises looking for flexible deployment options. Some of my favorite gear eufyCam 2C Upgrade your home security with wireless cameras that include

Topics: device fleet funding management open

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Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

cnbc.com Ryan Browne 2025-09-09 11:41:59

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing. Existing investors Lightspeed Venture Partners, A

Topics: defense funding helsing investors venture

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Studio555 raises $4.6M to build playable app for interior design

venturebeat.com Rachel Kaser 2025-09-12 04:00:00

Studio555 announced today that it has raised €4 million, or about $4.6 million in a seed funding round. It plans to put this funding towards creating a playable app, a game-like experience focused on interior design. HOF Capital and Failup Ventures led the round, with participation from the likes of Timo Soininen, co-founder of Small Giant Games; Mikko Kodisoja, co-founder of Supercell; and Riccardo Zacconi, co-founder of King. Studio555’s founders include entrepreneur Joel Roos, now the CEO, C

Topics: design funding interior studio555 team

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

cnbc.com Ian Thomas 2025-09-16 12:57:08

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

Topics: company funding gecko million round

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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 2025-06-01 06:26:30

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

Topics: funding global hiv million pepfar

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Latest Tech News

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel's Founders Fund

Senate votes to kill entire public broadcasting budget in blow to NPR and PBS

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

Senate removes ban on state AI regulations from Trump's tax bill

14 Million People Could Die in Next 5 Years Due to USAID Cuts, Study Finds

Trump's big, revised bill will slash AI funding for states that regulate AI

Senate pits AI regulation against state funding

NIH budget cuts affect research funding beyond US borders

How the Senate's ban on state AI regulation imperils internet access

Startups Weekly: Tech and the law

Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round

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

Announcing our 2025 VB Transform Innovation Showcase finalists

Via the False Claims Act, NIH puts universities on edge

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

Fleet lands $27M Series B to expand open device management with cloud and self-hosting flexibility

Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

Studio555 raises $4.6M to build playable app for interior design

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

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

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