Crunchbase News (1 hour ago)
Travel demand appears to be holding up, but at the same time, investor appetite for travel tech startups has cooled. Even a wave of startups promising to improve travel with AI hasn’t managed to reverse the funding slowdown. We share what a review of Crunchbase data shows.
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Apple recently struck a deal to acquire Ascend.io, a company focused on agentic data engineering technology. Under the Digital Markets Act, Apple must now publicly report acquisitions above a certain size.
Brutal peatland wildfires in Indonesia illustrate one of several ways El Niño raises global CO2 levels.
Cisco President Jeetu Patel has handed a 27-year-old ex-startup founder a huge job to rewrite 98% of Cisco’s legacy code within 24 months.
Revolut chief executive Nik Storonsky has pushed venture capital investors off his company’s board, one funding round at a time. He wants other founders to keep VCs out of the boardroom too, he told David Senra in a podcast interview.
Dream, a San Francisco startup that uses AI to design and engineer buildings, came out of stealth on Thursday with $17M in seed funding. Investors in the round include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital.
GM has settled the Smart Driver program lawsuit brought by 35 attorneys general.
Crunchbase data shows that so far this year, investors have poured around $48 billion into financings around the Series B stage, the highest tally in years. Yet round counts are below year-ago levels and are on track for a multiyear low. We take a look at the data.
AI megarounds are masking a shrinking Series A market, leaving seed founders facing higher revenue expectations and longer timelines despite larger seed checks. To improve their chances, MGV’s Marc Schröder says, founders should size their seed funding around Series A milestones.
Numeracle, a McLean, Virginia-based company that verifies businesses and links their identities to the phone numbers they use to contact customers, has raised $28 million from Edison Partners to help businesses whose calls are incorrectly labeled as spam or blocked by phone carriers.
Revenue growth does not guarantee a larger exit, as declining valuation multiples can outweigh operating gains and reduce enterprise value.
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