Weather forecasting is having an AI moment

July 11, 2023
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. Is it hot where you are? It sure is here in London. I’m writing this newsletter with a fan blasting at full power in my direction and still feel like my…

Raft, which services freight forwarders, closes $30M Series B led by Eight Roads VC

July 11, 2023

During the pandemic, the digitisation of the freight industry took off like a rocket, and stayed that way. To date, Forto has raised almost $600 million, Nuvocargo $75 million, Zencargo $66 million, and Freightify $14.5 million. All are associated with streamlining/digitising freight logistics in some way. This meant, of course that freight forwarders and customs […]

Raft, which services freight forwarders, closes $30M Series B led by Eight Roads VC by Mike Butcher originally published on TechCrunch

Outverse wants to build a full-stack community platform for software companies

July 11, 2023

Building and harnessing online communities has been a major driving force behind some of the world’s largest platforms, from Stripe and Slack to Figma and Notion. At the heart of the community-building ethos lies a strategy known as product-led growth (PLG), where companies rely on the product itself for selling and onboarding new users as opposed […]

Outverse wants to build a full-stack community platform for software companies by Paul Sawers originally published on TechCrunch

Apple launches an online store on China’s WeChat app

July 11, 2023

Apple has launched an online store on China’s WeChat app, the Tencent-owned platform said on Tuesday. The Cupertino-based company has launched the store to the app via WeChat’s mini-programs — small-sized apps hosted on WeChat that feature e-commerce, financial service, and transportation offerings. Apple will sell its products including iPhones, iPads, Apple Watches, and Macs […]

Apple launches an online store on China’s WeChat app by Ivan Mehta originally published on TechCrunch

Foxconn pursues India incentive despite withdrawing from Vedanta venture

July 11, 2023

Foxconn said on Tuesday it plans to submit an application to access incentives under India’s semiconductor manufacturing policy even as the Taiwanese giant has pulled out of the nation’s flagship $19.5 billion joint venture with local conglomerate Vedanta. “Foxconn is working toward submitting an application related to the ‘Modified Programme for Semiconductors and Display Fab […]

Foxconn pursues India incentive despite withdrawing from Vedanta venture by Manish Singh originally published on TechCrunch

Flexport’s Ryan Petersen joins venture firm Founders Fund as a partner

July 11, 2023

Flexport founder Ryan Petersen has joined venture capital firm Founders Fund as a partner, as reported by Forbes earlier today. Founders Fund confirmed the move to TechCrunch, providing the following statement from General Partner Trae Stephens: “We’ve always struggled to define the quintessential Founders Fund founder. Clearly, it’s Ryan. We’re thrilled to welcome him to […]

Flexport’s Ryan Petersen joins venture firm Founders Fund as a partner by Mary Ann Azevedo originally published on TechCrunch