Startup

Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that move power to the grid more efficiently.

Stockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

New York-based Jones just raised $10 million to expand its nicotine lozenge company in the stodgy, $3 billion smoking cessation market.

Of the Next Billion-Dollar Startups list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, the list is dominated by artificial intelligence.

Vogt, who resigned from the self-driving car company amid a crisis just six months ago, landed a $550 million valuation for a new company that wants to sell robots for personal uses like cleaning your house.

Notion co-founder Ivan Zhao captivated Silicon Valley investors and everyday consumers alike with a sleek productivity app that went so viral its servers crashed. Now, the profitable startup’s CEO sees a rare opening to break Microsoft and Google’s dominance in the workplace by going early and aggressive on AI.

Founders Srinivas Njay and Bruce Kim bootstrapped interface.ai with $1 million of their own capital. Now the VCs are calling—but they’re waiting for the right partner.

Bridgit Mendler, an actress and singer best known for her roles in Disney Channel’s “Good Luck Charlie” and “Lemonade Mouth,” is adding a CEO title to her resume with her satellite data startup Northwood Space.

Seventy-seven deals were announced in the third quarter of 2023, with total funding this year slightly outpacing 2020 – but still well below 2021 and 2022, Cut Through Venture’s Australian Venture Capital Funding Report reveals.

London-based e-commerce software startup Shop Circle has raised $120 million in Series A funding, the company announced Wednesday.