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The Department of Labor just dropped its investigation into Scale AI

AIMPWAMay 9, 2025

The U.S. Department of Labor has dropped its investigation into Scale AI’s compliance with the Fair Labor Standards Act, according to a source directly familiar with the matter. The FLSA is a federal law that regulates misclassification of employees as independent contractors and unpaid wages. TechCrunch first reported that Scale was the subject of such...

Serena-backed health tech lands first FDA approval for home cervical cancer test

AIMPWAMay 9, 2025

For the first time, the FDA has just approved a device that lets people screen for cervical cancer from home. Known as the Teal Wand, from the company Teal Health, the prescription device lets patients self-collect samples and mail them to a lab to receive the same testing as would be done at a doctor’s...

Rippling raises $450M at a $16.8B valuation, reveals YC is a customer

AIMPWAMay 9, 2025

HR tech startup Rippling has raised a $450 million Series G round at a $16.8 billion valuation, the company confirmed to TechCrunch. It is also conducting a $200 million tender offer to give current and former employees some liquidity. The equity raise marks a big jump in valuation from a year ago. In April 2024,...

Startups Weekly: Different paths on the road to liquidity

AIMPWAMay 9, 2025

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant...

Meta’s speeding up the ‘Mad Men to Math Men’ pipeline

AIMPWAMay 9, 2025

At Stripe’s Sessions conference this week, Mark Zuckerberg pitched what he calls the “ultimate business machine”: a fully automated, end-to-end AI ad engine promising to replace agencies, creatives, and media buyers with a single black box. You just need to connect your bank account first. Zuckerberg claims this could be one of the most valuable...

A comprehensive list of 2025 tech layoffs

AIMPWAMay 9, 2025

The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re...

Social media startup Fizz sues Instacart and Partiful for trademark infringement over new Fizz app

AIMPWAMay 8, 2025

Social media startup Fizz is suing grocery delivery giant Instacart and party planning app Partiful for trademark infringement, the company announced on Thursday. Earlier this week, Instacart launched a new drinks and snack delivery app for parties called Fizz and announced that Partiful had integrated Fizz directly into its platform. Founded in 2020, Fizz is a...

Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

AIMPWAMay 8, 2025

Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to...

Sequoia leads $1.5B tender offer for sales automation startup Clay

AIMPWAMay 8, 2025

It took seven years of hard work for Kareem Amin, co-founder and CEO of sales automation startup Clay, to see the company’s product finally take off in 2022. Since then, the startup has experienced explosive growth, reached a valuation exceeding a billion dollars, and expanded its employee count from low double digits to over 200....

Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla

AIMPWAMay 7, 2025

Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it’s invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less...

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After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns

AIMPWAJune 18, 2025

Sam Altman and “his tech CEO friends” have a betting pool on the year we will see the first one-person billion-dollar company. The idea of a single person reaching a billion-dollar valuation for a startup would have been unthinkable without AI. But single-person, AI-first businesses have been sprouting all over the tech industry and Birk...

A comprehensive list of 2025 tech layoffs

AIMPWAJune 17, 2025

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

AIMPWAJune 17, 2025

Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary...

STARTUPs

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

AIMPWAJune 17, 2025

T-minus 6 days until TechCrunch All Stage ticket prices rise. From now until June 22 at 11:59 p.m. PT, founders save $210 and investors save $200 on passes. Are you ready to push your startup to the next level? Or are you an investor looking to back the next big breakthrough? Join TC All Stage...

Applied Intuition raises $600 million as it pushes further into defense

AIMPWAJune 17, 2025

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad...

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Latest Posts

The Department of Labor just dropped its investigation into Scale AI

Serena-backed health tech lands first FDA approval for home cervical cancer test

Rippling raises $450M at a $16.8B valuation, reveals YC is a customer

Startups Weekly: Different paths on the road to liquidity

Meta’s speeding up the ‘Mad Men to Math Men’ pipeline

A comprehensive list of 2025 tech layoffs

Social media startup Fizz sues Instacart and Partiful for trademark infringement over new Fizz app

Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

Sequoia leads $1.5B tender offer for sales automation startup Clay

Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla

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After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns

A comprehensive list of 2025 tech layoffs

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

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After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns

A comprehensive list of 2025 tech layoffs

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

Applied Intuition raises $600 million as it pushes further into defense

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After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns

A comprehensive list of 2025 tech layoffs

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

Applied Intuition raises $600 million as it pushes further into defense

Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028