Funding

TechCrunch reports on the latest funding for startups in the tech ecosystem—software, hardware, and every type of company. From unicorns raising their final pre-IPO round, to angel rounds for cutting edge artificial intelligence startups, TechCrunch covers every aspect of fundraising news.

In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several…

CloudPay, a payroll services provider, lands $120M in new funding

Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that…

Mechanical Orchard, led by ex-Pivotal CEO, scores $50M round led by Alphabet’s GV

In a sign that big tech companies are ready and willing to shell out cash for database tech, Neon, a startup building an open source alternative to AWS Aurora Postgres,…

Database startup Neon nabs a Microsoft investment

Hyperspace, a Tel Aviv-based startup, says its custom cloud instances for database searches can dramatically speed up queries.

Hyperspace is using ‘domain-specific computing’ to accelerate database searches

It’s not easy for organizations to become data-driven, despite the aspirations many have to get there. Even orgs with data analytics teams often struggle to make effective use of their…

German computer scientists raise $30 million to help companies make sense of their data

Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it has raised $640 million in a new funding round led by…

AI chip startup Groq lands $640M to challenge Nvidia

Checkly helps devs get signals about an app’s performance and downtime, offering a set of subscription-based synthetic monitoring tools.

Checkly tests software by mimicking the way people use it

The software supply chain faces threats from all sides. A 2024 report by the Ponemon Institute found that over half of organizations have experienced a software supply chain attack, with…

Lineaje raises $20M to help organizations combat software supply chain threats

The Floorr offers tools for conducting sales, hosting tailored styling sessions, creating mood boards, and engaging in text or voice chats with clients, all in one place. 

Luxury fashion startup The Floorr empowers personal stylists with tools to grow their businesses

But the fate of many generative AI businesses — even the best-funded ones — looks murky.

VCs are still pouring billions into generative AI startups

Vanta, a trust management platform that helps businesses automate much of their security and compliance processes, today announced that it has raised a $150 million Series C funding round led…

Vanta raises $150M Series C, now valued at $2.45B

Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV, Google’s corporate venture arm. The…

OpenAI-backed legal tech startup Harvey raises $100M

Level AI offers a suite of AI-powered tools to automate various customer service tasks.

Level AI applies algorithms to contact center pain points

Quality assurance in the app development world is a necessary, but often resource-draining, undertaking. According to Statista, 23% of companies’ annual IT budgets are allocated to in-house or third-party contracted…

QA Wolf secures $36M to grow its app QA-testing suite

After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build…

TigerBeetle is building database software optimized for financial transactions

Unlike OpenAI, Anthropic, Mistral and many of its generative AI startup rivals, Cohere doesn’t have a big consumer focus.

Cohere raises $500M to beat back generative AI rivals

Pindrop builds deepfake-combatting and multi-factor authentication products targeting businesses in banking, finance and related industries.

Deepfake-detecting firm Pindrop lands $100M loan to grow its offerings

CrowdVolt operates on a model similar to sneaker resell marketplace StockX, meaning buyers submit bids on tickets, and sellers set asking prices.

YC-backed CrowdVolt shakes up the secondary ticket market with its bid-ask model

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors.

Adaptive builds automation tools to speed up construction payments

One of the vendors to benefit from the database boom is Tembo, a startup creating a platform that lets developers deploy different flavors of Postgres.

Tembo capitalizes on the database boom and lands new cash to expand

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from…

As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

BoldHue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone.

Beauty tech startup BoldHue raises capital to ship its ‘Keurig for makeup’

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon, and the startup’s co-founders and portions of its team have joined…

Amazon hires founders away from AI startup Adept

Axelera designs AI-running chips and systems for applications like security, retail, automotive and robotics.

Axelera lands new funds as the AI chip market heats up

Orby AI, is building a generative AI platform that attempts to automate a range of different business workflows, including workflows that involve data entry, documents processing and forms validation.

Orby is building AI agents for the enterprise

Formation builds tech-forward solutions for clinical trials and drug development.

Formation Bio raises $372M to boost drug development with AI

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.

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

It’s unclear where Stability goes from here.

Stability AI lands a lifeline from Sean Parker, Greycroft

Payabli builds the infrastructure that allows companies, specifically software companies, to embed and facilitate payments through APIs.

Payabli is building payment management tools for software startups

Coder’s open-source software has around 1.2 million monthly active users, and Dropbox, Discord and Skydio are among the company’s paying customers.

Coder nabs new funds to move dev environments to the cloud