SoundHound, the voice AI company, raises $25M after laying off 40% of staff earlier this month In a follow-up to our earlier report that SoundHound was laying off 40 percent of its staff, the company has now confirmed that it has raised $25 million in a Series E round of funding led by C Hear.
Memfault raises $24M to help companies manage their growing IoT device fleets Memfault, a startup offering a monitoring and management platform designed specifically for internet-of-things devices, today announced that it has raised $24 million in Series A funding. The round was led by NewView Capital, with participation from CRV, True Ventures, Uncork Capital, and Y
Scythe, a robotic lawnmower startup, has raised $42 million in a funding round led by Balderton Capital. The company makes an electric, autonomous mower that can be used by homeowners and commercial customers. Scythe plans to use the funding to expand its team and grow its business in Europe and the US. The startup was
FBI accuses North Korean government hackers of stealing $100M in Harmony bridge theft The FBI has accused the North Korean government of being behind a $100 million theft from Bangladesh’s central bank. The so-called “Harmony bridge” theft was carried out using the SWIFT international payments system, and saw funds stolen from the Bangladesh Bank’s account
Construction robotics firm Kewazo raises $10 million Kewazo, a construction robotics firm, has raised $10 million in a Series A funding round led by Japanese venture capital firm Global Brain. Founded in 2016, Kewazo is a startup that seeks to mechanize construction work with robots. The firm’s first product is an autonomous machine that can
The Lightyear One is a solar-powered electric vehicle that was first revealed to the public in late 2017. The car was developed by a team of Dutch engineers and designed by Belgian car designer Sasha Louyaert. The company behind the car, Lightyear, was founded in 2016 by Dutch entrepreneurs Laurens van den Acker and Lex
Pasqal, a startup developing a quantum computer based on trapped neutral atoms, has raised $100 million in a Series B funding round led by Tiger Global. Founded in 2016, Pasqal has now raised $161 million to date. The latest financing will be used to grow the company’s team, advance its technology and build a commercial-grade
Cowboy Ventures goes bigger with $260M across two new funds, including an opportunity fund In a sign that the early-stage venture market is as strong as ever, Cowboy Ventures announced today that it has closed on $260 million across two new funds. That includes a $140 million main fund, as well as a $120 million