Author: TechCrunch News

Satellite imagery startup Albedo is preparing for its up-close-and-personal debut. Albedo’s first satellite will take to orbit next spring as the company looks to turn the commercial Earth observation industry upside down with its novel approach and ultra-high-resolution cameras.  The satellite, called Clarity, will hitch a ride to very low Earth orbit (VLEO) on SpaceX’s…

Tempus, a genomic testing and data analysis company started by Eric Lefkofsky, who previously founded Groupon, debuted on Nasdaq on Friday, rising about 15% on the opening.  The company priced its IPO on Thursday at $37 apiece, at the top of its $35 to $37 price range, raising nearly $411 million at a fully diluted…

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Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup.  The lawsuit is one of the most direct challenges to Musk’s decision to start…

App developers will have a new path for getting their apps recognized and promoted, Apple told developers at WWDC 2024 this week. In an update planned to arrive in September alongside the release of iOS 18, developers will be able to alert Apple’s Editorial team about their app’s new content or features ahead of its…

Spotify announced on Thursday that it’s venturing further into the ad space with its first in-house creative agency called Creative Lab, helping brands create custom marketing campaigns. It will also begin testing generative AI ads, the company said. The launch of Creative Lab shows that Spotify is ramping up its efforts to attract advertisers to…

Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline. Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe…

Fisker is issuing the first recall for its all-electric Ocean SUV because of problems with the warning lights, according to new information published by the National Highway Traffic Safety Administration. The safety agency says that the Fisker Ocean’s instrument panel displays the brake, park, and antilock brake system warning lights in the wrong font size…

For an industry that’s about 20 years old, residential solar is still pretty tumultuous. Some of that can be blamed on shifting regulations, like what happened in California last year where a policy update lengthened the amount of time it took for homeowners to recoup their investments. But other bumps can be attributed to the…

Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and former research VP at Peter Thiel’s Clarium Capital) and John Fogelsong (the son of IVP co-founder Norm Fogelsong) didn’t need to cultivate a family-like relationship before…