Rainforest lands $20M to challenge Stripe with embedded payments for SaaS providers

June 26, 2024

Rainforest, a startup that embeds payment processing into other software platforms, has raised $20 million in Series A funding — less than a year after announcing the close of its seed financing. Raising back-to-back rounds was more common in 2021 but we don’t see it happening as often in this new environment. Rainforest’s traction is […]

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CData, which helps orgs use data across apps and to build AI models, snaps up $350M

June 26, 2024

Artificial intelligence startups continue to dominate the headlines when it comes to VC mega-rounds, but there’s also an interesting opportunity out there for those building tools that enable working with data-heavy apps like AI in the first place – especially for organizations that may still have one foot (or both feet) in the legacy data […]

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The Download: Introducing the Play issue

June 26, 2024
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Supershoes are reshaping distance running Since 2016, when Nike introduced the Vaporfly, a paradigm-­shifting shoe that helped athletes run more efficiently (and therefore faster), the elite running world has muddled through a period…

Fetcherr lands $90M to get airlines on board with dynamic pricing

June 26, 2024

In a push to bolster profits, more airlines are turning to controversial dynamic pricing tech, which prices fares and amenities variably based on a traveler’s willingness to pay for them.

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Sensi.AI grabs $31M Series B from Insight, Zeev to monitor seniors 24/7

June 26, 2024

Older adults increasingly want to age in their homes rather than nursing facilities. A study by the American Association of Retired People (AARP) found that nearly 90% of people over 65 want to stay in their homes as they grow older. That means there is plenty of work for home care agencies whose staff assist […]

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Why China’s dominance in commercial drones has become a global security matter

June 26, 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. Whether you’ve flown a drone before or not, you’ve probably heard of DJI, or at least seen its logo. With more than a 90% share of the global consumer market, this Shenzhen-based…