Tag: Companies
After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy
SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank…
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Fluence, the energy storage systems developer, is now worth over $1 billion after QIA investment
The Qatar Investment Authority is investing $125 million into energy storage systems integrator and power management tech developer, Fluence, in a deal that will value the company at over $1 billion. The joint venture between the American independent power producer, AES Corp. and the German industrial conglomerate Siemens, was already…
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Nikola’s stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks
The undoing of Nikola continues. Today, the company announced the termination of its contract with Republic Services for 2,500 garbage trucks. Announced back in August, the deal had Nikola building garbage trucks in 2023 with on-road testing scheduled for 2024. This is the latest deal to unravel for Nikola as…
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Watch Space Force commander Gen. John Raymond explain public-private partnerships for space defense
General John “Jay” Raymond spoke at TechCrunch Sessions: Space earlier this week where he touched on a variety of subjects. The talk came on the eve of Space Force’s first birthday, having been founded on December 20, 2019. Space Force commander explains how the new military service operates like a…
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Josh.ai launches a ‘nearly invisible’ Amazon Echo competitor that’s the size of a coin
In the past several weeks we’ve seen refreshes and product expansions from about every facet of the smart home virtual assistant world. Apple launched the HomePod Mini, Google offered a long-overdue refresh of the Google Home, and Amazon found even more speaker shapes to shove Alexa into. Today, we’re getting…
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C4 Ventures raises $88M fund for for post-Series A startups, in a post-COVID19 world
C4 Ventures, the Paris -based VC, has raised a new €80 million ($88 million) “Fund II”. The fund was founded by Pascal Cagni, a former Europe boss of Apple, and includes cofounder Raph Crouan, another Apple alumni previously with Techstars and Hardware Club. C4 is designed to be a “post-Series…
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