Labs

Congressional Memo: Neutron Launch Readiness ‘Misrepresented’ by Rocket Lab

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An internal congressional memo viewed by TechCrunch casts strong doubt on Rocket Lab’s claim that its Neutron rocket will be ready for launch in time to meet a crucial contract deadline from the Space Force. In response to industry feedback, Space Systems Command changed its procurement strategy for the next batch of national security launch contracts to accommodate newer launch providers. Neutron is Rocket Lab’s medium-lift vehicle and is being added as a complement to its successful small Electron rocket. Uncertainties around Archimedes’ hot fire tests are “the biggest issue” in Rocket Lab’s claims, the memo argues. It also highlights proprietary timelines shared by other launch providers that suggest there is much work left to be included in RFPs by the VCSFA.

Utilizing Sound Technology for Plumbing Problem Detection: The Innovation of Conservation Laboratories

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Water authorities and utilities have used acoustic sensors to canvas for leaks and signs of wear and tear for years. One of these startups, Conservation Labs, is creating a water-listening sensor that attaches to the plumbing in residential, multifamily and office properties. But as with many — if not most — AI- and algorithm-driven products on the market, it’s tough to know exactly how well Conservation Labs’ tech performs without extensively testing it first. Like water-listening sensors, acoustic sensors that monitor machines is well-established tech. Beyond Conservation Labs, startups like Noiseless Acoustics and OneWatt use AI-powered sensors to better understand the patterns of industrial equipment.

Y Combinator Aims for a 100-Fold Increase in MRI Scans

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Leveraging resources such as virtual data rooms and shared labs makes it easier for biotech startups to grow. “For this to work, the world would need to scale up the number of MRI scans it does by at least 100x. Co-working for biotechShared lab spaces have been a game changer for biotech startups, Nature reported. This reminded me of Startup Battlefield alum Parallel Health — its chief scientist officer Nathan Brown had mentioned shared labs in passing when we chatted at Disrupt. “If you’re thinking about starting a company, try to visit a few just to see which one is the best.”Virtual data roomsVirtual data rooms are another important resource for biotech startups.

Solana Mobile’s Journey to Break Even is Far From Over

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Solana Mobile still has a long way to go until it hits breakeven Solana Labs co-founder teases possibility of third mobile deviceLast month, Solana Mobile’s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs’ subsidiary launched its second phone and got over 40,000 preorders in less than a week. “After Saga sold out, it felt like there’s an opportunity and the timing in the market was right,” Anatoly Yakovenko, co-founder of Solana Labs, said on TechCrunch’s Chain Reaction podcast. “The timing [for the new phone] worked out right around that moment.”And if the second device is a success, there will be a third phone launched later on, Yakovenko hinted. “I think crypto was going through a hard bear market, and the Solana ecosystem was feeling the worst of it,” Yakovenko said.

“Solana Mobile’s Road to Profitability: A Journey Ahead”

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Solana Mobile still has a long way to go until it hits breakeven Solana Labs co-founder teases possibility of third mobile deviceLast month, Solana Mobile’s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs’ subsidiary launched its second phone and got over 40,000 preorders in less than a week. “After Saga sold out, it felt like there’s an opportunity and the timing in the market was right,” Anatoly Yakovenko, co-founder of Solana Labs, said on TechCrunch’s Chain Reaction podcast. “The timing [for the new phone] worked out right around that moment.”And if the second device is a success, there will be a third phone launched later on, Yakovenko hinted. “I think crypto was going through a hard bear market, and the Solana ecosystem was feeling the worst of it,” Yakovenko said.

“Terraform Labs Declares Chapter 11 Bankruptcy”

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Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. According to a court document filed today, Terraform Labs’ estimated assets and liabilities range from $100 million to $500 million, while the number of creditors is between 100 and 199. Terraform Labs plans to continue expanding its Web3 business, according to its statement. Founded in 2018, Terraform Labs wiped out at least $40 billion in market value and collapsed the crypto industry in May 2022. The bankruptcy filing comes four days after the U.S. SEC agreed to postpone the civil trial against Do Kwon Terraform Labs co-founder over an alleged $40 billion cryptocurrency fraud to March 25 from January 29.

“Boosting “Renew Home”: SIP provides $100M to unite Google Nest and OhmConnect”

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OhmConnect is currently active in California, Texas, and New York, and the new company, Renew Home, plans to expand into new markets once launched, the spokesperson added. Sidewalk Infrastructure Partners itself was once a part of Sidewalk Labs. Sidewalk Labs got its start originally as a Google moonshot in 2015 with the lofty goal of using tech to improve urban life. SIP was eventually spun out of Sidewalk Labs in 2020 fuelled with a $400 million investment from Google. Nest Renew has been one of OhmConnect’s customers, alongside Sensi, ecobee, Carrier and others.

Andalusia Labs Secures $48 Million Series A Funding to Enhance Digital Asset Risk Infrastructure

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Digital asset risk infrastructure-focused Andalusia Labs, formerly known as RiskHarbor, has raised $48 million in a Series A round at a valuation “north of $1 billion,” the company exclusively shared with TechCrunch. Alongside the fresh capital raise, Andalusia Labs opened its global headquarters in Abu Dhabi. The $48 million will also be used to grow its product development and expand the team, said Raouf Ben-Har, co-founder of Andalusia Labs. All aim to provide digital asset support to institutions, developers and consumers through their respective niches. “Developers, developers, developers,” said co-founder Drew Patel.