Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund

June 12, 2024

Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and former research VP at Peter Thiel’s Clarium Capital) and John Fogelsong (the son of IVP co-founder Norm Fogelsong) didn’t need to cultivate a family-like relationship before […]

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How Gogoro’s swap-and-go scooter batteries can strengthen the grid

June 12, 2024
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. If you’ve ever been to Taiwan, you’ve likely run into Gogoro’s green-and-white battery-swap stations in one city or another. With 12,500 stations around the island, Gogoro has built a sweeping network that allows…

Fisker’s troubled Ocean SUV faces first recall

June 12, 2024

Fisker is issuing the first recall for its all-electric Ocean SUV because of problems with the warning lights, according to new information published by the National Highway Traffic Safety Administration. The safety agency says that the Fisker Ocean’s instrument panel displays the brake, park, and antilock brake system warning lights in the wrong font size […]

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Gorilla, a Belgian startup that helps energy providers crunch big data, raises $25M

June 12, 2024

Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline. Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe, the U.S. and Australia, including British Gas’ parent […]

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The world’s on the verge of a carbon storage boom

June 12, 2024
Pump jacks and pipelines clutter the Elk Hills oil field of California, a scrubby stretch of land in the southern Central Valley that rests above one of the nation’s richest deposits of fossil fuels. Oil production has been steadily declining in the state for decades, as tech jobs have boomed and legislators have enacted rigorous…

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry

June 12, 2024

South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems the space is already consolidating. Two of the country’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreed to merge, the companies said on […]

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The apps that Apple Sherlocked at WWDC

June 12, 2024

Here’s a list of third-party apps that were Sherlocked by Apple at this year’s WWDC.

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Germany’s Black Semiconductor raises $273M for graphene-based chip tech

June 12, 2024

Tech sovereignty has become a looming priority for a number of nations these days, and now a startup working in semiconductors has received a major boost in aid of that effort for Germany and Europe.   Black Semiconductor, which is developing a new kind of chip-connecting technology based on graphene, has raised €254.4 million (around $273 […]

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Let there be Light! Danish startup exits stealth with $13M seed funding to bring AI to general ledgers

June 12, 2024

It’s not the sexiest of subject matters, but someone needs to talk about it: The CFO tech stack — software used by the chief financial officers of the world — is ripe for disruption. That’s according to Jonathan Sanders, CEO and co-founder of fledgling Danish startup Light, which exits stealth Wednesday with $13 million in […]

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Apex’s off-the-shelf satellite bus business attracts $95M in new funding

June 12, 2024

Fresh off the success of its first mission, satellite manufacturer Apex has closed $95 million in new capital to scale its operations.  The Los Angeles-based startup successfully launched and commissioned its first spacecraft, a model called Aries, in March. That mission has gone off seemingly without a hitch — a rarity in the space industry […]

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