Norwegian grocery delivery business Oda announced on Tuesday it raised $151 million in equity from Kinnevik, Verdane and Summa Equity, bringing total funding to $630.5 million. The company turned a profit last year in Norway, but the new funding brought Oda’s valuation down from $900 million in 2021 … Continue reading Grocery Delivery Startup Oda Nabs $151M — At A Price

For years, tech writers have been warning about how AI will eliminate the need for all kinds of human-staffed professions from truck driving to portfolio management. Turns out, the AI bots are really coming for us. That’s becoming increasingly clear … Continue reading Writing-Focused Startups Draw Big Bucks

In a year where venture funding has slowed, defense and security firm Anduril helped close it with a big bang — and raise. The Costa Mesa, California-based startup locked up a Series E worth nearly $1.5 billion that values the company at … Continue reading Defense Tech Startup Anduril Raises Massive $1.5B Round At $8.5B Valuation

Everyone has heard that fan kick on in their laptop or tablet, followed by that dread that inevitably the device is about to slow down to a crawl. Frore Systems emerged from stealth Thursday promising to fix that issue — … Continue reading Frore Systems Emerges From Stealth With $100M From Investors Including Mayfield And Qualcomm Ventures

Out of all the beaten-down public companies in the autonomous driving space, Embark Technology, stands out as a conspicuously terrible stock market performer. The San Francisco-headquartered company, which develops autonomous driving technology for the trucking industry, has presided over a roughly … Continue reading Autonomous Trucking Software Upstart Embark Has Quietly Gone From $5B+ To Basically Worthless

Venture capital normally starts to slow down in the last couple of months of the year — the record-breaking 2021 excluded, obviously. Last month did feel that way, with fewer rounds being announced and funding being down. However, there were … Continue reading 4 Surprising Startup Deals You Should Not Miss In December

While Jersey City is just an 11-minute train ride from Manhattan’s financial district, it’s historically been worlds apart when it comes to startup funding. Ditto for the state of New Jersey as a whole. Despite being the most densely populated U.S. state … Continue reading New Jersey’s Startup Scene

How much of a startup investor’s success can be attributed to luck? Defining luck Winning a high-stakes poker tournament as a beginner requires luck. Making a comfortable living as a professional poker player requires ability. Of those two scenarios, it’s … Continue reading Luck’s Role In Venture Capital

For years now, startup investors have been busily writing checks to founders applying artificial intelligence in creative new ways to their respective industries. That momentum continued in 2022, with investors signing on to back some rather quirky applications of AI … Continue reading From Wigs To Fish, Some Very Quirky AI Startups Got Funded In 2022