Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan

The company chose Chapter 11 in an effort to right its listing finances. 

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The company chose Chapter 11 in an effort to right its listing finances. 
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

German fintech unicorn N26 just had its first profitable quarter

Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important […]

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

Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Teleo wants to help the robotics industry reach its ‘ChatGPT moment’

Teleo describes itself as a construction robotics startup, but its mission is bigger than automating heavy equipment like excavators and tractors. Today, Teleo’s retrofitted machinery allows its customers to operate their existing fleets semi-autonomously. In the future, the startup sees the data it collects as a key enabler for the robotics industry to reach its […]

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

Teleo describes itself as a construction robotics startup, but its mission is bigger than automating heavy equipment like excavators and tractors. Today, Teleo’s retrofitted machinery allows its customers to operate their existing fleets semi-autonomously. In the future, the startup sees the data it collects as a key enabler for the robotics industry to reach its
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Crusoe, a rumored OpenAI data center supplier, has secured $686M in new funds, filing shows

Crusoe Energy, a startup building data centers reportedly to be leased Oracle, Microsoft, and OpenAI, is in the process of raising $818 million, according to an SEC filing. The filing indicates that Crusoe has secured $686 million of the $818 million total that it hopes to raise. Seventy investors have contributed to the tranche so […]

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

Crusoe Energy, a startup building data centers reportedly to be leased Oracle, Microsoft, and OpenAI, is in the process of raising $818 million, according to an SEC filing. The filing indicates that Crusoe has secured $686 million of the $818 million total that it hopes to raise. Seventy investors have contributed to the tranche so
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the first of its ferries in the U.S. — bound for Lake Tahoe. Candela makes a series of all-electric hydrofoiling watercraft, meaning the body of the boat rises above the surface of […]

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

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the first of its ferries in the U.S. — bound for Lake Tahoe. Candela makes a series of all-electric hydrofoiling watercraft, meaning the body of the boat rises above the surface of
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Lightning looks to make managing AI a piece of cake

AI may be the hottest thing since sliced bread. But that doesn’t mean it’s getting easier to develop and run. According to a recent Boston Consulting Group poll, 74% of organizations are struggling to derive value from their AI investments. William Falcon, the creator of PyTorch Lightning, a popular open source AI framework, says that […]

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

AI may be the hottest thing since sliced bread. But that doesn’t mean it’s getting easier to develop and run. According to a recent Boston Consulting Group poll, 74% of organizations are struggling to derive value from their AI investments. William Falcon, the creator of PyTorch Lightning, a popular open source AI framework, says that
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

OneRail’s software helps solve the last-mile delivery problem

Last-mile delivery, the very last step of the delivery process, is a common pain point for companies. According to one survey, nearly 90% of retailers struggle with their last-mile delivery operations, either because of technical issues, costs, or a combination of both. Bill and Lisa Catania understand this well. The husband-and-wife team founded OneRail, a […]

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

Last-mile delivery, the very last step of the delivery process, is a common pain point for companies. According to one survey, nearly 90% of retailers struggle with their last-mile delivery operations, either because of technical issues, costs, or a combination of both. Bill and Lisa Catania understand this well. The husband-and-wife team founded OneRail, a
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Lighthouse, an analytics provider for the hospitality sector, lights up with $370M at a $1B valuation

Here is yet one more sign of the travel industry’s noticeable boom: a major growth round for one of the B2B startups servicing it. Lighthouse, a data analytics platform for hotels and others in the hospitality industry, has closed a Series C of $370 million. The KKR-led round catapults Lighthouse to a valuation of over […]

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

Here is yet one more sign of the travel industry’s noticeable boom: a major growth round for one of the B2B startups servicing it. Lighthouse, a data analytics platform for hotels and others in the hospitality industry, has closed a Series C of $370 million. The KKR-led round catapults Lighthouse to a valuation of over
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

OneCell Diagnostics bags $16M to help limit cancer reoccurrence using AI

OneCell Diagnostics has secured $16 million in a Series A round as it aims to limit cancer recurrence using AI advancements along with scientific ways.

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

OneCell Diagnostics has secured $16 million in a Series A round as it aims to limit cancer recurrence using AI advancements along with scientific ways.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

India’s Arzooo, once valued at $310M, sells in distressed deal

Arzooo, an Indian startup founded by former Flipkart executives that sought to bring “best of e-commerce” to physical stores, has sold its assets in distressed sale to Moksha Group. The deal follows Arzooo engaging with several startups, including Bengaluru-headquartered Udaan, for potential merger opportunities, according to people familiar with the matter. Arzooo had raised approximately […]

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

Arzooo, an Indian startup founded by former Flipkart executives that sought to bring “best of e-commerce” to physical stores, has sold its assets in distressed sale to Moksha Group. The deal follows Arzooo engaging with several startups, including Bengaluru-headquartered Udaan, for potential merger opportunities, according to people familiar with the matter. Arzooo had raised approximately
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

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