Yesterday, a fitness equipment maker called Echelon Fitness announced its latest product, the so-called Prime Bike. At $500, it’s nearly a clone of Peloton’s $1,900 product. The company said it had developed the bike “in collaboration with Amazon”. Amazon is now saying that’s not true and has removed the product from its site and issued […] Read more ›
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After operating in stealth mode for about two years, First Resonance, a company founded by former SpaceX engineers, is finally showing the world their software toolkit designed to let manufacturers make things using the processes employed by their former boss. It’s a suite of software products that can allow for more flexible manufacturing processes and […] Read more ›
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Zoom was never created to be a consumer product. Nonetheless, the video-conferencing company’s accessibility made it the answer to every social situation threatened by the pandemic, from happy hours to meetings. Months later, we’re realizing that force-feeding social experiences into an enterprise software company isn’t a perfect solution. Zoom School is a perfect example of […] Read more ›
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Facebook’s head of global policy has denied the tech giant could close its service to Europeans if local regulators order it to suspend data transfers to the US following a landmark Court of Justice ruling in July that has cemented the schism between US surveillance laws and EU privacy rights. Press reports emerged this week […] Read more ›
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The pitch for Berlin-based Endel is pretty straightforward, according to its co-founder and CEO Oleg Stavitsky. “The way I usually describe Endel is: This is a technology that is built to help you focus, relax and sleep,” Stavitsky told me. “Of course, the way we do that is a little more complicated than that.” The […] Read more ›
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As traditional brands grapple with a new world where selling online is as much or perhaps even more important than how you are positioned in a physical store, a startup that helps them get all their inventory, marketing and selling strategies all on one page has raised a significant round of funding. Salsify, which provides […] Read more ›
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It used to be the case that in order to scale glocally, European companies needed to spend big on launching in the US to achieve the kind of growth they wanted. That usually meant re-locating large swathes of the team to the San Francisco / Bay Area, or New York. New research suggests that is […] Read more ›
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Freeletics, the “AI-powered” fitness coaching app, has closed $25 million in Series B funding. Leading the round is U.S.-based JAZZ Venture Partners and Causeway Media Partners, with support from KKCG. The fresh injection of capital follows $45 million in Series A funding in late 2018. It will be used by the company to develop new […] Read more ›
0
Servify, a Mumbai-headquartered startup that operates a device lifecycle management platform and works deeply with brands including Apple and Samsung in a number of geographies, has raised $23 million in a new financing round. The Series C financing round for the five-year-old startup was led by existing investor Iron Pillar, and other existing investors including […] Read more ›
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The Traton Group, Volkswagen AG’s heavy-truck business, has taken a minority stake in TuSimple as part of an agreement between the two companies to develop self-driving trucks. Neither company disclosed the financial terms of the partnership or the percentage of the minority stake. Traton did make a direct capital investment into TuSimple, according to one […] Read more ›
0
Uncapped, the London-headquartered and Warsaw-based startup that offers “revenue-based” finance to European businesses so that founders don’t have to give up equity stipulated by venture capital, has raised £26 million in new funding. The round was led by Mouro Capital (the recently spun-out fund previously called Santander InnoVentures), with participation from existing investors Global Founders […] Read more ›
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For the first time in more than 20 years since Apple began its operations in India, the iPhone-maker has started selling its products directly to consumers in the world’s second largest smartphone market. Apple launched its online store in India on Wednesday, which in addition to offering nearly the entire line-up of its products, also […] Read more ›
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The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious. […] Read more ›
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Syfe, a Singapore-based startup that wants to make investing more accessible in Asia, announced today that it has closed a SGD $25.2 million (USD $18.6 million) Series A led by Valar Ventures, a fintech-focused investment firm. The round also included participation from Presight Capital and returning investor Unbound, which led Syfe’s seed funding last yea. […] Read more ›
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Tesla CEO Elon Musk revealed Tuesday the Model S Plaid, the newest variant to the company’s flagship sedan that boasts some eye-popping performance and range claims, including the ability to travel at least 520 miles on a single charge. The Model S with this more powerful “Plaid” powertrain won’t be available until late 2021. Tesla, […] Read more ›
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Amid a packed afternoon of announcements from Tesla around innovations the company is pursuing to slash the cost of electric vehicle production and energy storage through better battery design, the company said it’s made new advancements in material science for anodes and cathodes — key components of the lithium-ion batteries that are the heart of […] Read more ›
4
A little more than a year ago, during Tesla’s 2019 shareholder’s meeting, CEO Elon Musk said the company “might get into the business of mining minerals used in electric vehicle batteries.” Today, during Tesla’s so-called Battery Day event, Musk confirmed that the company is officially getting into the mining business. Tesla has secured the rights […] Read more ›
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Tesla held its ‘Battery Day’ event on Tuesday to discuss a variety of innovations it has developed and is pursuing in battery technology for its vehicles. At the event, Tesla CEO Elon Musk and SVP of Powertrain and Energy Engineering Drew Baglino detailed new anode and cathode technology it’s working on, as well as materials […] Read more ›
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TransferWise, a European fintech unicorn, announced the financial results of its fiscal year ending March, 2020. The company posted strong growth, continued profit and new customer records. TransferWise was most recently valued at $5 billion during a secondary sale worth $319 million in July of this year. On the results front, we can compare the […] Read more ›
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Caura, a new U.K. startup that aims to take the hassle out of car ownership, is breaking cover today. Founded by Sai Lakshmi, who previously co-founded Echo, the medication management service acquired by LloydsPharmacy owner McKesson, Caura is an iOS app designed to manage all of the vehicle-related admin that car owners endure. Drivers are […] Read more ›
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08.05.2026 04:05
Last update: 04:00 EDT.
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