As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently
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As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […]

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Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups
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Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups

The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise.  But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced […]

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The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise.  But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Husband-and-wife former Olympians target $50M for new fund to invest in influencer-led consumer brands
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Husband-and-wife former Olympians target $50M for new fund to invest in influencer-led consumer brands

Samyr Laine and Ayanna Alexander-Laine now put their grit and determination to work for founders wanting to launch and scale consumer brands.

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Samyr Laine and Ayanna Alexander-Laine now put their grit and determination to work for founders wanting to launch and scale consumer brands.
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Beauty tech startup Boldhue raises capital to ship its at-home custom makeup dispenser
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Beauty tech startup Boldhue raises capital to ship its at-home custom makeup dispenser

Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone.

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Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Indian edtech Unacademy cuts another 250 jobs
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Indian edtech Unacademy cuts another 250 jobs

Indian edtech giant Unacademy is laying off about 250 employees, the latest in a series of layoffs since the reopening of schools across the country after the pandemic. The Bengaluru-headquartered startup, valued at $3.4 billion in its last funding in 2021, is cutting 100 jobs in core roles (marketing, business and product) and 150 in […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Indian edtech giant Unacademy is laying off about 250 employees, the latest in a series of layoffs since the reopening of schools across the country after the pandemic. The Bengaluru-headquartered startup, valued at $3.4 billion in its last funding in 2021, is cutting 100 jobs in core roles (marketing, business and product) and 150 in
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Senators urge Synapse’s owners, partners, and VC backers to restore customers’ access to their money
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Senators urge Synapse’s owners, partners, and VC backers to restore customers’ access to their money

A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the senators implicated both the partners and investors of the company as being responsible for missing customer funds. In a letter shared publicly on Monday, U.S. […]

© 2024 TechCrunch. All rights reserved. For personal use only.

A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the senators implicated both the partners and investors of the company as being responsible for missing customer funds. In a letter shared publicly on Monday, U.S.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Gifting on-demand startup Afloat goes nationwide
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Gifting on-demand startup Afloat goes nationwide

Afloat, a gift delivery app that lets you shop from local stores and have gifts delivered to a loved one on the same day, is now available across the U.S. The startup announced on Monday that it is rolling out its service nationwide after previously only being available in select cities, including Atlanta, Dallas, Charleston, Fort […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Afloat, a gift delivery app that lets you shop from local stores and have gifts delivered to a loved one on the same day, is now available across the U.S. The startup announced on Monday that it is rolling out its service nationwide after previously only being available in select cities, including Atlanta, Dallas, Charleston, Fort
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Drive brand impact with Side Event at TechCrunch Disrupt
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Drive brand impact with Side Event at TechCrunch Disrupt

Exciting news for tech enthusiasts and innovators! TechCrunch Disrupt 2024 is just around the corner, and we have an incredible opportunity for you to elevate your brand’s visibility. How? By hosting your own Side Event at the most anticipated tech gathering of the year! Why host a Side Event? Imagine being at the helm of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Exciting news for tech enthusiasts and innovators! TechCrunch Disrupt 2024 is just around the corner, and we have an incredible opportunity for you to elevate your brand’s visibility. How? By hosting your own Side Event at the most anticipated tech gathering of the year! Why host a Side Event? Imagine being at the helm of
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Japan’s SmartHR raises $140M Series E as strong demand for HR tech boosts its ARR to $100M
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Japan’s SmartHR raises $140M Series E as strong demand for HR tech boosts its ARR to $100M

The round was led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers’ Pension Plan.

© 2024 TechCrunch. All rights reserved. For personal use only.

The round was led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers’ Pension Plan.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Identity.vc is bringing capital and community to Europe’s LGBTQ+ venture ecosystem
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Identity.vc is bringing capital and community to Europe’s LGBTQ+ venture ecosystem

Identity.vc writes checks that range from €250,000 to €1.5 million into companies from the pre-seed to Series A stages.

© 2024 TechCrunch. All rights reserved. For personal use only.

Identity.vc writes checks that range from €250,000 to €1.5 million into companies from the pre-seed to Series A stages.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

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