Category: Startup News

10x, founded by the ex-CEO of Barclays, raises $46M to take on ancient banking infrastructure

The fintech revolution continues apace, and while many startups are hoping that newer and better tech will help them take business away from traditional banks, today a company has received a large round of funding to help those incumbent institutions better compete. 10x Future Technologies is a startup that has built a ground-up platform that incorporates…

Our favorite pitches from Alchemist Accelerator’s 16th batch

Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core mission to…

Matternet’s autonomous delivery drones can now refuel and reload by themselves

Matternet, a startup building autonomous drones for delivery, has been working to commercialize its tech via transportation of blood and pathology samples to labs. Taking traffic out of the equation has already shown it can cut hours off the testing process, but Matternet is pushing to become even more efficient at autonomous transportation. This drive led to…

ClearMetal gets $9M from Prelude Ventures and Eric Schmidt’s Innovation Endeavors for its logistics platform

Logistics and supply chain management is a notoriously outdated and labor-intensive process. ClearMetal uses artificial intelligence to help manufacturers and retailers climb out from underneath piles of spreadsheets. Today the San Francisco-based startup announced that it has raised $9 million in Series A funding led by Prelude Ventures and Innovation Endeavors, the venture capital firm founded…