Coalesce is a startup that offers data transformation tools geared mainly toward enterprise customers. Today the company closed a $26 million Series A funding round led by Emergence Capital with participation from 11.2 Capital and GreatPoint Ventures, bringing the company’s total raised to $31.92 million. Co-founder and CEO Armon Petrossian tells TechCrunch that the cash…
While many layer-1 blockchains out there were built for a pretty general purpose, other networks were designed around very specific use cases. Sei, a layer-1 blockchain designed for trading, has launched a $50 million ecosystem and liquidity fund to support new decentralized finance (DeFi) applications on its platform, its co-founders Jeff Feng and Jay Jog…
Autonomous ride-hail and shuttle service May Mobility and transit tech provider Via are launching a small fleet of wheelchair-accessible autonomous vehicles in Grand Rapids, Minnesota. Via, which started as an on-demand shuttle service before acquiring Remix, and May have been partnering for years to bridge the gaps in public transit systems with AVs. They have…
Facebook Pay is officially being renamed to Meta Pay for users around the world, the company announced on Wednesday. Meta kicked off the rebrand in the United States in June, and is now making the change globally. Starting today, users will see the rebrand roll out across Meta’s products in nearly 200 countries. The company…
Money continues to flow into new venture capital funds. For example, in the past month, Runa Capital, Lerer Hippeau, Razor’s Edge Ventures, First Star, OurCrowd, Northzone, Janngo Capital and Kapor Capital all announced new funds. Now it’s Scale Venture Partners’ turn, announcing it secured $900 million in committed capital for its eighth fund, also its…
E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Co-founders and…
Michael Haddix Jr. is a former college basketball player who was pre-med until he discovered investing once finishing undergrad. After being exposed to it, Haddix says he got “really excited” about investing and went on to get an M.B.A. from Columbia Business School so that he could work in the field. Upon completing graduate school,…
TikTok is continuing its PR offensive to convince the world that it takes its content moderator responsibilities seriously, as the Bytedance-owned social video platform today published its latest Community Guidelines Enforcement Report. Covering the period from April 1 to June 30 this year, the report spans a wide gamut of self-reported data points around video…
The European Union is to update product liability laws to tackle the risk of damage caused by artificial intelligence systems and address other liability issues arising from digital devices — such as drones and smart devices. Presenting a proposal for revisions to long-standing EU products rules — which includes a dedicated AI Liability Directive —…
Investment app Public.com (Public), a Robinhood competitor that pivoted away from the contentious payment-for-order-flow (PFOF) revenue model, is expanding its offerings in a big way. The three-year-old company purchased Otis earlier this year to allow consumers to buy and trade fractional shares in alternative assets. Today, the company announced that it has integrated Otis’s offerings…