TechCrunch Startup News

Deep Fission is proposing to build small, cylindrical nuclear power plants and lower them into 30-inch diameter holes drilled one mile down into the Earth. By burying the reactors, the company hopes to solve several problems that plague current reactors, including concerns over meltdowns and potential terrorist attacks.

Also, The corporate space world tired Bianca Cefalo to the point that she found it easier to literally start her own space company and launch objects into orbit. 

Bloomberg reported that Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year. 

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Why is a startup that bills itself as the “Netflix of AI,” and that recently raised money from Amazon’s Alexa Fund, talking about remaking a movie that was first released in 1942? 

Well, the company has built a platform that allows users to create their own cartoons with AI prompts — Fable is starting out with its own intellectual property, but it has ambitions to offer similar capabilities with Hollywood IP. 

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If you spend any time online, there’s a good chance you’ve seen plenty of ugly, AI-generated ads — but few to none when interacting with AI chatbots themselves. Koah co-founder and CEO Nic Baird argued that will inevitably change.

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Sodium-ion battery startup Natron ceased operations this week, ending the company’s 12-year quest to commercialize its technology in the U.S.

The company had $25 million worth of orders lined up for its Michigan factory, but it couldn’t deliver them until it had UL certification, according to Raleigh’s The News & Observer, which reported on the business’s closure because Natron had been planning to bring jobs to the state of North Carolina with its new factory.

Also, Acqui-hires feel like they’re here to stay: The team behind Alex Codes, a popular tool that lets developers use AI models within Apple’s development suite Xcode, is joining OpenAI.

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On Thursday, Augment announced that it raised an $85 million Series A led by Redpoint, with participation from 8VC, Autotech Ventures, and others. The massive round comes just five months after the startup launched out of stealth with a hefty $25 million seed round.

Also, Mark Zuckerberg, a bankruptcy lawyer from Indiana, has filed a lawsuit against Mark Zuckerberg, CEO of Meta.

Mark Zuckerberg the lawyer uses a commercial Facebook page to advertise his legal practice and communicate with potential clients. But his page has been disabled five times in the last eight years, since Meta’s moderation systems flag his account as falsely impersonating Mark Zuckerberg, the founder of the platform.

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Mike Cannon-Brookes, Atlassian’s CEO and co-founder, said, ‘today’s browsers weren’t built for work; they were built for browsing. This deal is a bold step forward in reimagining the browser for knowledge work in the AI era.’

Also, Francesco Cacciatore is a self-proclaimed skeptic. Yet after spending two decades in the European aerospace industry and hitting, as he put it, a “crisis,” he made an undeniably optimistic bet: he started a space company, saying ‘I wanted to try and build something myself.’

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On Wednesday, Orchard Robotics announced that it raised a $22 million Series A funding led by Quiet Capital and Shine Capital, and with participation from returning investors, including General Catalyst and Contrary. Although the idea of using computer vision for specialty crops isn’t new, Wu says that the largest farms in the U.S. still rely on manual sampling to make critical decisions about farm operations.

Also, French AI startup Mistral AI is finalizing a €2 billion investment at a post-money valuation of $14 billion, reports Bloomberg, positioning the company as one of Europe’s most valuable tech startups. The two-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open source language models and Le Chat, its AI chatbot built for European audiences.

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When congressional Republicans took a sledgehammer to the Inflation Reduction Act last summer, advanced geothermal startups were largely spared. Drilling for renewable energy appears to be one of the few things that engenders bipartisan support. Now, with the uncertainty settled, geothermal companies are announcing deals that promise to pave the way for broader deployment of their technology.

Also, Fizz, the college social app, is expanding into grocery delivery thanks to a new partnership with Gopuff, the startup told TechCrunch exclusively. The partnership will allow students to order anything from late-night snacks to weekly groceries directly within the Fizz app in as fast as 15 minutes.

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AI firm Anthropic has raised a $13 billion Series F round that brings its post-money valuation up to $183 billion — funds the company says will be used to grow its enterprise adoption, deepen safety research, and support international expansion. 

Also, OpenAI announced in a blog post on Tuesday that it agreed to acquire the product testing startup Statsig, and bring on its founder and CEO, Vijaye Raji, as the company’s CTO of Applications.

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Swedish buy-now, pay-later startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.

The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each. That’s according to a company update earlier this week. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are offloading nearly 29 million shares.

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