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Not Much News, But Plenty of Prep for TechCrunch Early Stage
It’s been a relatively quiet week, but behind the scenes, we’ve been hard at work preparing for TechCrunch Early Stage in Boston on April 25. This event is going to be one for the books, and there’s still time to grab early-bird tickets if you’re quick!
Most Interesting Startup Stories From the Week
Here are some of the most compelling startup stories from this week:
- Stability AI bids adieu to founder and CEO Emad Mostaque, who’s chasing the decentralized AI dream.
- Microsoft orchestrates a heist, snagging co-founders and staff of Inflection AI for $650 million.
- Facebook (now Meta) caught red-handed with its digital hands in the Snapchat cookie jar.
- Robinhood unveils its Gold Card, a credit card so packed with features it might make Apple Card users pause.
- Is Nvidia the next AWS? The accidental hero stumbles upon its core business, just like Amazon did with AWS.
Trend of the Week: Transportation Trouble
Things are not looking good for the transportation industry:
- The New York Stock Exchange gives EV startup Fisker the boot, citing “abnormally low” stock prices.
- Arrival’s scraps may save Canoo, as the bankrupt company sells leftover assets.
- Ousted founder of Lordstown Motors settles with SEC over misleading investors about demand for its flagship electric pickup truck.
- Tesla to offer one-month trial of its $12,000 driver-assistance system to all customers in the U.S.
Most Interesting Fundraises This Week
Here are some of the most notable fundraises from this week:
- Super{set} adds $90 million to its war chest, doubling down on its bet on data and AI-driven enterprise startups.
- Blueground continues to gobble up competition in the nomadic working space with a $45 million Series D round.
- Wase engineers a compact system that turns by-products from breweries and food processors into biogas.
- New Summit Investments eyes a $100 million target for its latest impact investing fund.
- Ionobell, a seed-stage startup, claims its silicon material will make electric vehicle batteries cheaper and more efficient.
Other Unmissable TechCrunch Stories
Here are a few other stories you won’t want to miss:
- Every week, there’s always a few stories that don’t fit into one specific category:
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