Headlines of the Latest News

Silexica, which optimises how disparate applications work together on autonomous cars, raises $18M


As we inch closer to building increasingly autonomous cars, the complexities that these vehicles will present as programmable hardware are increasing, with some 250 applications ranging from cameras to navigation controls to weather sensors running on a typical high performance system today. Now, a…

By Ingrid Lunden

CivTech Scotland wants to procure what no one knows exists


Here’s a tale of two organizations. When it comes to banking, I can walk up to an ATM anywhere in the world, slide in a card, hit a couple of buttons, and walk away with cash, often in less than 20-30 seconds. It’s magical, but so quotidian that we easily forget the vast technical infrastructure [&…

By Danny Crichton

Indian food delivery startup Swiggy raises $210M at a $1.3B valuation


India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early…

By Jon Russell

Singapore-based game studio Mighty Bear raises $2.5M ahead of debut release


Mighty Bear, a game studio startup that grew out of King.com’s former office in Singapore, has landed new funding as it readies its debut title for smartphones. The startup was founded by four former King.com staffers — Simon Davis, Fadzuli Said, Benjamin Chevalier and Saurabh Shukul &#…

By Jon Russell

Drip Capital helps exporters access working capital


Drip Capital is raising a $20 million funding round from Accel, Wing VC and Sequoia India. The company is helping small exporters in emerging markets access working capital in order to finance big orders. The startup also participated in Y Combinator back in 2015. Many small companies in emerging m…

By Romain Dillet

Official near-earth object plan will look into nuking asteroids and other 'planetary defense missions'


Space is a big place, and mostly empty — but there's no shortage of objects which, should they float our direction, could end life as we know it. A new national plan for detecting and handling such objects was proposed today, and it includes the possibility of nuclear strikes on the incoming astero…

By Devin Coldewey

Lyft makes it easier to track business travel expenses


Lyft announced today that taking a business trip and then actually turning in your travel receipts just got a whole lot easier. A new feature for business profiles will allow employers to create a direct connection between employee trips and travel managers in charge of their reimbursement. While t…

By Sarah Wells

Truepic raises $8M to expose Deepfakes, verify photos for Reddit


How can you be sure an image wasn’t Photoshopped? Make sure it was shot with Truepic. This startup makes a camera feature that shoots photos and adds a watermark URL leading to a copy of the image it saves, so viewers can compare them to ensure the version they’re seeing hasn’t be…

By Josh Constine

Bag Week 2018: Waxed canvas bags from Filson, Ona, Croots and more


If you’re looking for a good jacket or bag, you have your choice of materials: leather, heavy nylon, waterproof synthetic weaves like Gore-Tex… but for my money (and not a little of it either) the king of them all is waxed canvas. Pliant yet protective, wind and water–resistant but brea…

By Devin Coldewey

StreetCred is building a blockchain-based marketplace for location data


While applications like Google Maps and Yelp seem to provide an inexhaustible source of information about local restaurants, stores and other points of interest, they can also come up short — moments when you arrive somewhere only to discover that the hours you had were wrong, or the store is close…

By Anthony Ha