March 29, 2024

Web and Technology News

CoreWeave, which provides cloud infrastructure for AI training, secures $2.3B loan

As organizations rush to embrace AI, it’s putting the cloud — or clouds, rather — under strain. Amazon Web Services, Microsoft, Google and Oracle, facing an unprecedented spike in demand for the server chips that train and run AI-powered software, are limiting their availability for customers. Microsoft has been particularly candid about its struggles, warning […]

Overhaul, which taps AI to secure physical supply chains, raises $73M in equity and debt

Businesses dependent on the physical supply chain face a number of potential roadblocks. Customers expect fast deliveries with visibility into each step, but costs — including transportation and raw materials costs — are rising thanks to inflation and other factors. Meanwhile, there’s a talent shortage, particularly in areas like logistics and operations management, and technical […]

Overhaul, which taps AI to secure physical supply chains, raises $73M in equity and debt by Kyle Wiggers originally published on TechCrunch

Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers

Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to expand the reach of its digital product portfolio. Co-founders Samir Shergill (previously at Microsoft, McKinsey and AppNexus) and Gautam Gupta (formerly of Shopify, Venmo and […]

Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers by Kyle Wiggers originally published on TechCrunch

Identity management platform Saviynt secures $205M in debt, appoints new CEO

Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly-appointed […]

Identity management platform Saviynt secures $205M in debt, appoints new CEO by Kyle Wiggers originally published on TechCrunch

B2B sales closing and financing platform Vartana raises $12M

The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budgets for SaaS purchases, looking to keep cash on hand while growing more efficiently. That’s why Kush Kella and Ahmed Sharif founded Vartana (which my colleague […]

B2B sales closing and financing platform Vartana raises $12M by Kyle Wiggers originally published on TechCrunch

Wagestream, a financial super app for waged workers, raises $175M, passes 1M users and doubles down on the U.S.

Front-line workers and those paid in hourly wages rather than salaries have become a prime target in the world of business IT, with a wave of apps helping them find jobs, do their jobs, communicate with each other better. In the latest development, a UK startup building what it describes as a financial “super app” […]

B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

Moroccan B2B e-commerce and retail startup Chari has acquired Axa Credit, the credit branch of Axa Assurance Maroc, for $22 million, the company confirmed to TechCrunch today. The news comes off the back of Chari’s recently closed seed extension round that saw it valued at $100 million and begin offering BNPL services to its customers. […]

Promise’s flexible payment platform for government debts grows fast, raises $25M to keep growing

Paying bills is never easy, but the last couple years of hardship have made it even tougher. Promise works with utilities and government agencies to provide flexibility in payments for people who can’t cover their whole water or electricity bill at once. The company has seen enormous growth over 2021, and just raised a $25M […]

Groundfloor steps up its real estate debt crowdfunding platform with fresh capital

Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015. Brian Dally, a former mobile network exec, and Nick Bhargava, a co-author of the […]