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Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

techcrunch.com Julie Bort 2025-09-18 09:51:42

AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation. Groq, which also sells data center computing power, previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about

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Jaguar Land Rover to pause production for third week due to cyberattack

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-09-19 13:44:14

In Brief Luxury car-maker Jaguar Land Rover said Tuesday it will not resume vehicle manufacturing operations until at least September 24 due to a cyberattack earlier this month. In a new statement, the company said it informed colleagues, suppliers, and partners that the halt in production will extend into its third week. The company said this was due to “the controlled restart of our global operations, which will take time,” the company wrote. Laura Savvas, a spokesperson for Jaguar Land Ro

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StubHub prices IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-20 12:18:28

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub priced its IPO at $23.50, in a share sale that values the company at $8.6 billion. The pricing late Tuesday landed at the mid-point of the expected range that the company gave last week, raising $800 million. StubHub said its shares are expected to begin trading on the New York Stock Exchange on Wednesday under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, a

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Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

techcrunch.com Jagmeet Singh 2025-09-20 14:32:17

Groww, India’s largest retail brokerage firm, is set to test the country’s public markets with a multi-billion-dollar IPO. The listing comes comes just over a year after the company restructured its corporate headquarters from Delaware back to India — a move that could make it the first Indian startup to list at home following a relocation from the U.S. Backed by Microsoft CEO Satya Nadella and marquee investors including Y Combinator, Ribbit Capital, and Tiger Global, Groww’s listing — expecte

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StubHub to price IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-20 16:57:54

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday. The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion. StubHub will trade on the New York Stock Exchange under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $

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Jack Altman raised a new $275M early-stage fund in a mere week

techcrunch.com Julie Bort 2025-09-21 09:52:53

In Brief The Altman brothers sure have a knack for being venture capitalists. On Tuesday, this especially applied to Jack Altman, co-founder of $3 billion-valuation HR software startup Lattice and brother to OpenAI CEO Sam Altman. Jack Altman just announced a second $275 million fund for his solo-run firm Alt Capital. And from start to finish, it took him a week, he told The Wall Street Journal. His first fund, raised in early 2024, was $150 million, so this is a big step up. He used it to in

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Gemini overtakes ChatGPT on App Store, as its Nano Banana AI model drives downloads up 45%

techcrunch.com Sarah Perez 2025-09-21 13:07:40

Gemini’s mobile adoption has been soaring since the August launch of its Nano Banana image editor model, which has received positive reviews, particularly from users who say they can now more easily perform complex edits and create realistic images. The app has climbed to the top of global app stores’ charts and has seen a 45% month-over-month increase in downloads in the month of September so far, according to new data provided by app intelligence firm Appfigures. Though the month is only half

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Facebook's settlement payments are on the way - here's how much you can expect

zdnet.com Artie Beaty 2025-09-22 16:45:57

Maria Korneeva/Moment via Getty Images Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways Payments have started going out in the 2023 Facebook privacy suit. Each user who filed will get between $5 and $40. Your amount depends on how long you used the site. If you filed a claim in the $725 million Facebook privacy settlement back in 2023, your payment might be on the way. Several years ago, Facebook, its parent company Meta, and political marketing company Cambri

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Harvard Law to AI: MarqVision lands $48M to combat brand abuse

techcrunch.com Kate Park 2025-09-24 21:00:00

When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an entrepreneur. I assumed I was set to become a lawyer; most of my family members are lawyers, and practicing law felt like a natural path,” Lee said in an exclusive intervi

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The Latest ‘Demon Slayer’ Movie is Another Record-Breaking Hit

gizmodo.com Justin Carter 2025-09-25 01:15:52

Demon Slayer: Infinity Castle came to the United States this weekend, and it’s doing numbers well ahead of projections. Per the Hollywood Reporter, the film—the first of a trilogy meant to bring the shonen fantasy series to a close—made an estimated $70 million domestic, double the $35-40 million predicted by analysts. But Sony’s been aggressive with marketing it, not to mention the anime itself is pretty popular on its own. It’s the biggest opening ever for an anime film in North America, the

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Via shrugs off tepid open to end first day of trading slightly above IPO price

techcrunch.com Rebecca Bellan 2025-09-25 09:16:00

Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at end the day slightly higher. The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when the stock began trading Friday afternoon, and then inched back into the green to finish at just over $49. The modest gain values Via at roughly $3.9 billion a

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Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-25 13:19:17

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

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Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-25 17:36:30

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

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Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-25 21:50:39

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station soared as much as 40% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $45.89. The stock was trading up about 21% at 2:50 p.m. ET. The New York-based company priced its

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Electric vehicle sales grew 25% worldwide but just 6% in North America

arstechnica.com Unknown 2025-09-25 21:49:30

Here's some good news for a Friday afternoon: For 2025 through August, global electric vehicle sales have grown by 25 percent compared to the same eight months in 2024, according to the analysts at Rho Motion. That amounts to 12.5 million EVs, although the data combines both battery EVs and plug-in hybrid EVs for the total. However, that's for global sales. In fact, EV adoption is moving even faster in Europe, which has grown by 31 percent so far this year (Rho says that BEV sales grew by 31 pe

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Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-26 21:58:31

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday The company priced the offering above its expected range of $24 to $26, valuing the company at $3.3 billio

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Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-27 05:02:15

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday, according to Bloomberg. A person familiar with the offering told the news service that the company priced

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IDC: Apple gained wearables market share, but sales lagged behind competitors during Q2

9to5mac.com Marcus Mendes 2025-09-27 21:03:11

IDC’s report on worldwide “wrist-worn” devices for the second quarter of 2025 is out, and it shows mixed results for the Apple Watch. Here is the breakdown. Xiaomi leads in growth, while Samsung lags behind During the second quarter last year, IDC determined that Apple had shipped 5.7 million Apple Watch units, falling closely behind Xiaomi’s 5.9 million shipped units and further behind Huawei’s 8.9 million. That difference was mirrored in market share as well, with Huawei taking the top spot

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Perplexity reportedly raised $200M at $20B valuation

techcrunch.com Marina Temkin 2025-09-29 16:59:10

In Brief Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg’s July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBoo

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Replit hits $3B valuation on $150M annualized revenue

techcrunch.com Julie Bort 2025-09-29 10:54:48

In Brief Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya O

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Replit hits $3B valuation on $150 million annualized revenue

techcrunch.com Julie Bort 2025-09-30 21:54:48

Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya Odeh, says

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Klarna prices IPO at $40, above online lender's expected range

cnbc.com Ryan Browne 2025-10-01 21:46:58

Klarna is synonymous with the "buy now, pay later" trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments. Online lender Klarna priced its IPO at $40 per share on Tuesday, above its expected range, in a deal that values the Swedish company at about $15 billion. Klarna, known for its popular buy now, pay later products, said it raised $1.37 billion for the company and existing shareholders, who are looking to exit a portion

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Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate

techcrunch.com Marina Temkin 2025-10-01 22:36:51

Mercor, a startup that connects companies like OpenAI and Meta with domain experts needed to train and refine their foundational AI models, is in discussions with investors for a Series C round, according to a marketing document viewed by TechCrunch and two sources familiar with the deal talks. Felicis, a returning investor, is considering doubling down on the company for the Series C, according to two sources. Felicis declined to comment. The company is currently targeting a valuation of $10

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Ramp says it has hit $1B in annualized revenue

techcrunch.com Julie Bort 2025-10-03 01:23:12

In Brief On Tuesday, Ramp answered any lingering questions as to why investors recently valued the expense management startup at $22.5 billion, just 45 days after a previous funding round valued it at $16 billion: the company says it has achieved $1 billion in annualized revenue. Annualized revenue refers to a company’s current revenue rate projected over a full year. In March, co-founder and CEO Eric Glyman told TechCrunch that Ramp had hit annualized revenue of $700 million. That’s $300 mill

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ReOrbit lands record funding to take on Musk’s Starlink from Europe

techcrunch.com Anna Heim 2025-10-04 04:00:00

ReOrbit, a Finnish startup focused on helping nations control their own sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company. The funding round signals that Europe’s new space market is heating up, fueled by a geopolitical environment in which countries increasingly worry about relying on foreign technology for critical infrastructure. Founded in 2019 and based in Helsinki, ReOrbit provides both the hardware and

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Snap breaks into ‘startup squads’ as ad revenue stalls

techcrunch.com Connie Loizos 2025-10-04 06:41:29

In Brief Snap is breaking itself apart and rebuilding from within. In a new annual company letter, CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to better compete against larger competitors. The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap’s most important ma

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Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

techcrunch.com Marina Temkin 2025-10-04 13:35:58

Cybersecurity is a massive sector, but startups in the category are more likely to be acquired than go public. Even Wiz, which for a time held the title of the fastest-growing startup, abandoned its IPO ambitions when it agreed to sell to Google earlier this year. In the past few years, there have been scant few significant cybersecurity debuts such as SentinelOne in 2021, and Rubrik last year. Next week, the sector is expected to add one more public company: the cloud cybersecurity platform N

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Cognition AI defies turbulence with a $400M raise at $10.2B valuation

techcrunch.com Rebecca Bellan 2025-10-05 05:49:04

In Brief Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg. Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures. In July, Cognition acquired AI coding startup Windsurf, just days after Goo

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Y Combinator-backed Motion raises fresh $38M to build the Microsoft Office of AI agents

techcrunch.com Julie Bort 2025-10-05 17:00:00

By the time Harry Qi was 23 years old, he had achieved the kind of financial success that most people will never attain: making about $1 million a year. He was working as “a quant” in his first job out of college. That’s hedge-fund speak for a stock-trading analyst at a statistical-model driven “quant” fund. But, like many people who spend their energies pursuing ever more money, he felt empty. “At some point you just want to make a much bigger impact on this world,” Qi, now 29, tells TechCrun

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YouTube’s first exclusive NFL broadcast attracts over 17M viewers

techcrunch.com Lauren Forristal 2025-10-05 17:24:23

YouTube announced on Monday that its first-ever exclusive global broadcast of an NFL game broke a record for the company, achieving the most concurrent viewers of a live stream on the platform. Over 17.3 million viewers from more than 230 countries and territories worldwide tuned in for the game between the Kansas City Chiefs and the Los Angeles Chargers in São Paulo. This figure represents the average minute audience (AMA) that watched the game last Friday. In the U.S., there were 16.2 million

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Latest Tech News

Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

Jaguar Land Rover to pause production for third week due to cyberattack

StubHub prices IPO at $23.50, valuing company at $8.6 billion

Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

StubHub to price IPO at $23.50, valuing company at $8.6 billion

Jack Altman raised a new $275M early-stage fund in a mere week

Gemini overtakes ChatGPT on App Store, as its Nano Banana AI model drives downloads up 45%

Facebook's settlement payments are on the way - here's how much you can expect

Harvard Law to AI: MarqVision lands $48M to combat brand abuse

The Latest ‘Demon Slayer’ Movie is Another Record-Breaking Hit

Via shrugs off tepid open to end first day of trading slightly above IPO price

Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

Electric vehicle sales grew 25% worldwide but just 6% in North America

Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

IDC: Apple gained wearables market share, but sales lagged behind competitors during Q2

Perplexity reportedly raised $200M at $20B valuation

Replit hits $3B valuation on $150M annualized revenue

Replit hits $3B valuation on $150 million annualized revenue

Klarna prices IPO at $40, above online lender's expected range

Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate

Ramp says it has hit $1B in annualized revenue

ReOrbit lands record funding to take on Musk’s Starlink from Europe

Snap breaks into ‘startup squads’ as ad revenue stalls

Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

Cognition AI defies turbulence with a $400M raise at $10.2B valuation

Y Combinator-backed Motion raises fresh $38M to build the Microsoft Office of AI agents

YouTube’s first exclusive NFL broadcast attracts over 17M viewers

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