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Bill Gates-backed wind startup AirLoom is raising $12M, filings reveal

It started with a drawing on a napkin. Now, AirLoom Energy is raising $12.7 million in fresh funding, TechCrunch has learned. The funding came from 21 investors, according to a regulatory filing that does not list the names of the backers. The company did not immediately respond to a request for comment. The Wyoming-based startup […]

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Porsche invests in battery startup South 8 to boost cold-weather EV performance

All cars suffer when the mercury drops, but electric vehicles suffer more than most as heaters draw more power and batteries charge more slowly as the liquid electrolyte inside thickens. Drivers in Chicago found this out the hard way last January after many Teslas failed to charge during a deep freeze. One startup, South 8

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Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Scale AI, which provides data-labeling services to companies that want to train machine learning models, has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors that include Amazon and Meta. The fundraise is a mix of primary and secondary funding, and is the latest in a slew of

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Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it’s making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend and Phil

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Zen Educate raises $37M and acquires Aquinas Education as it tries to address the teacher shortage

Zen Educate, an online marketplace that connects schools with teachers, has raised $37 million in a Series B round of funding. The raise comes amid a growing teacher shortage crisis both sides of the pond, with a recent report from ADP Research Institute noting that the global pandemic exacerbated the existing supply/demand imbalance due to

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Aurora and Volvo unveil self-driving truck designed for a driverless future

A new self-driving truck — manufactured by Volvo and loaded with autonomous vehicle tech developed by Aurora Innovation — could be on public highways as early as this summer.  The Volvo VNL Autonomous truck, which was revealed Monday evening at the ACT Expo in Las Vegas, is the product of a partnership between Aurora and

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