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

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

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

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

Tech founder throws hat in California governor’s race

In Brief Tech founder Ethan Agarwal, who has raised tens of millions of dollars from VCs across two startups, is running for the 2026 California gubernatorial seat, as reported by Axios. Axios described Agarwal as a “Democrat who believes in capitalism.” He told the outlet he’s mainly concerned about the increased cost of living and doing business in the state, which has led to the departure of residents and other opportunities, such as film productions. California “could use some business an

Sony is raising PS5 prices, starting tomorrow

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Sony is raising the price of all PS5 models by $50 in the US. The company cited the “challenging economic environment,” which includes the tariffs President Trump has placed on imported products. The changes will go into effect on Thursday, and the new prices are as follows: PlayStation

Raised by Wolves Is Original Sci-Fi at Its Most Polarizing (2020)

“Raised by Wolves” is the type of sci-fi project that deserves some respect for its ambition alone—whatever you feel from it, you have to admire its full commitment to its Biblical proportions, and the way that it uses its androids and killers to tell a story about faith and parenting. Ridley Scott directed the first two episodes of the series, and using his name as part of the marketing is a fair move (even if it was created by Aaron Guzikowski, who wrote “Prisoners.”) This space oddity is very

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by BlackRock, with participation from Neuberger Ber

Nuclear Reactor SIM by PeteTimesSix

A simple nuclear reactor simulator with basic explanations of how a nuclear reactor works provided. Controls: Q/Kp4 - A/Kp1 - Raise/Lower rod group 1 W/Kp5 - S/Kp2 - Raise/Lower rod group 2 E/Kp6 - D/Kp3 - Raise/Lower rod group 3 X/Kp- - C/Kp+ - Decrease/Increase water flow rate Heavily based on the following videos: Uses Maaack's Game Template and a few CC0 sounds from Pixabay.

A Hellraiser game is in development

Calling all gamers with a love of horror films: Hellraiser is getting a video game adaptation. Saber Interactive is turning the cult franchise into a game called Clive Barker’s Hellraiser: Revival. Clive Baker's 1986 novella, The Hellbound Heart, served as the basis for the Hellraiser films. He also wrote and directed the first instalment, which premiered in 1987. Clive Barker’s Hellraiser: Revival is a single-player game that has you play as Aidan while fighting your way through an "action sur

Hellraiser is being turned into a survival horror game

The developers at Boss Team Games have such sights to show you: the studio just announced that it’s taking the terrifying world of the classic Hellraiser films and turning it into a survival horror game. The new title is called Clive Barker’s Hellraiser: Revival, and somehow it’s the first gaming adaptation of the franchise, which has been around since 1987. According to the studio, the game will blend “survival horror with a single-player, story-driven action experience.” And, yes, there will

Neobank Revolut seeks $65B valuation, a year after its $45B deal

In Brief Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, though the deal has not been finalized, and terms could change. TechCrunch reported in April that the company saw a 72% increase in revenue last year, netting $1

Rivian spinoff Also raises another $200M to build e-bikes and more

In Brief Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings Also’s post-money valuation to $1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also started as a skunkworks team inside Rivian in 2022 known as Project Inder, as TechCrunch previously reported. The team started working on an

At least 36 new tech unicorns were minted in 2025 so far

With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies like Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now w

xAI raises $10B in debt and equity

In Brief Elon Musk’s AI company, xAI, has raised $10 billion in debt and equity, Morgan Stanley confirmed on Monday. In a post on X, the financial giant said xAI had raised $5 billion in debt and another $5 billion in a separate strategic equity transaction. “The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI. The proceeds will support xAI’s continued development of cutting-edge AI solutions, including one of the

Startups Weekly: Tech and the law

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

Thanks to Fidelity and our amazing sponsors, TechCrunch All Stage is where startups rise

At TechCrunch All Stage, we’re proud to spotlight our partners — not only for their support, but also for the invaluable expertise they bring to the conversation. Their sessions deliver front-line insights into the startup ecosystem and are must-attend moments for anyone looking to navigate and thrive in today’s dynamic entrepreneurial landscape. We sincerely thank Fidelity, whose support is powering this year’s TC All Stage programming. Their commitment to startup success helps fuel the knowled

NYC proposes 5 percent raise for rideshare drivers in a bid to appease Uber and Lyft

New York City's Taxi and Limousine Commission (TLC) have settled on new minimum-wage rules for rideshare drivers, Bloomberg reports. Drivers will receive a five percent raise under the new proposal, a compromise to keep Uber and Lyft from locking drivers out of their apps. The proposal needs to be voted on by the TLC's board of commissioners before it goes into effect, but assuming it does, it'll end months of uncertainty for drivers working in the city. Uber began sporadically locking drivers

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

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

New York passes a bill to prevent AI-fueled disasters

New York state lawmakers passed a bill on Thursday that aims to prevent frontier AI models from OpenAI, Google, and Anthropic from contributing to disaster scenarios, including the death or injury of more than 100 people, or more than $1 billion in damages. The passage of the RAISE Act represents a win for the AI safety movement, which has lost ground in recent years as Silicon Valley and the Trump Administration have prioritized speed and innovation. Safety advocates including Nobel prize laur

Topics: act ai new raise york

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

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

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

Valar Atomics comes out of stealth with $19M and a pilot reactor site

Companies developing small modular nuclear reactors (SMRs) have raised more than $1.5 billion in the past year, as tech companies hunger for power to train AI models and governments decide to commit to the industry. For example, X-energy raised $700 million this month, and Paris-based Newcleo raised $151 million last year, and one would be remiss to not mention the $700 million invested into Oklo, NuScale and Nano Nuclear for similar projects in the U.S. While nuclear fusion still looks relati