The U.K. has exited the European Union, but semiconductor development is emerging as one of the areas where it hopes to partner for better economies of scale — and much-needed funding. Today, the government announced that it was joining up with the EU’s “Chips Joint...

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday episode, in which we dig into critical startup news to stay abreast...

A new sports tech startup, Volley, aims to revolutionize the way racquet sports players (platform tennis, padel, and pickleball) train with its AI-enabled sports training machine. Unlike traditional tennis ball machines that simply launch balls at varying speeds and heights, Volley’s trainer robot leverages AI...

Employee-focused mental health company Journey is acquiring Felt, a startup formerly known as Mine’d that specializes in matching individuals with therapists using artificial intelligence. The financial terms of the deal were not disclosed. Journey, which offers a mental health employee assistance program used by companies...

The European Parliament voted Wednesday to adopt the AI Act, securing the bloc pole-position in setting rules for a broad sweep of artificial intelligence-powered software — or what regional lawmakers have dubbed “the world’s first comprehensive AI law”. MEPs overwhelmingly backed the provisional agreement reached...

Simulations are an essential step in physical product engineering. They enable engineers to create prototypes and understand how they might perform in the real world, accounting for factors like aerodynamic drag, air and water flows and pressure and temperature distributions. But today’s engineering simulators tend...

Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and other financial institutions. The new investment values Perfios at a valuation of...

Kolet is a new French startup created by four experienced co-founders in the French tech ecosystem that wants to make it easier to stay connected when you travel. The company has crafted an interesting distribution strategy for travel eSIM cards and simplified the experience as...

In enterprise software-as-a-service (SaaS), usage-based pricing, a pricing model in which customers are charged only when they use a product or service, is gaining ground. According to a report from VC firm OpenView, ~60% of SaaS businesses offer some form of usage-based pricing today. Recently,...

“We’re fundamentally a software company,” Locus CEO Rick Faulk says with a laugh. We look like a robot company, but we’re actually a software company.” It’s a familiar refrain from companies whose most public-facing products are hardware. That’s certainly the case with Locus, which produces...

The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic. Now, the company is fighting to retain as much of its final private-market price...

Deepgram has made a name for itself as one of the go-to startups for voice recognition. Today, the well-funded company announced the launch of Aura, its new real-time text-to-speech API. Aura combines highly realistic voice models with a low-latency API to allow developers to build...

Recalls are costly for — and damaging to — any company, no matter the size or market. For instance, McKinsey estimates that, for businesses manufacturing medical devices, recalls have been as high as $600 million in recent decades. The reputational impact tends to be lasting;...

DoorDash hopes to reduce verbally abusive and inappropriate interactions between consumers and delivery people with its new AI-powered feature that automatically detects offensive language. Dubbed “SafeChat+,” DoorDash is leveraging AI technology to review in-app conversations and determine if a customer or Dasher is being harassed....

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