Austin Russell, the billionaire founder of lidar startup Luminar, has stepped down as CEO and board chair following an ethics investigation by the company’s audit committee. The announcement was made the same day Luminar released its Q1 earnings report.
Digital banking platform Chime has officially filed its S-1 to go public, marking a significant milestone for the company after a confidential filing late last year.
HR tech startup Rippling has raised $450 million in a Series G funding round, catapulting its valuation to $16.8 billion. This marks a significant leap from its $13.4 billion valuation in April 2024.
Bosch Ventures, the corporate venture capital arm of the German tech giant, has unveiled a new $270 million fund — its sixth to date — with a clear intent to increase investment in North American startups.
Fidji Simo, the current CEO of Instacart, is joining OpenAI as the CEO of its newly consolidated Applications division. OpenAI announced the move on Thursday, noting that Simo will transition out of her current role at Instacart over the next few months and join the AI company full-time later in
Vancouver-based startup Unblocked has raised $27.5 million CAD ($20 million USD) in a Series A round to address a growing challenge in modern software development: the disconnect between AI-generated code and developer understanding.
Biotech startup NewLimit, co-founded by Coinbase CEO Brian Armstrong, has secured a $130 million Series B to develop treatments that could reverse cellular aging.
As generative AI tools become mainstream in software development, cybersecurity startup Ox Security has landed a fresh $60 million Series B round to scale its platform that scans for vulnerabilities in both AI- and human-written code.
San Francisco-based AI startup Recraft has raised a $30 million Series B round, following the breakout success of its stealth image generation model that beat both OpenAI’s DALL·E and Midjourney on a respected industry benchmark.
