Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets

It is estimated that about 2 billion people, especially those in lower and middle-income countries, lack access to quality and affordable essential medicines. The situation is exacerbated by low-quality or even killer counterfeit drugs that fill the gap. This shortfall means diseases that are otherwise treatable or preventable end up …...Read More

Xona Space Systems closes $19M Series A to build out ultra-accurate GPS alternative

For decades, the Global Positioning System (GPS) has maintained a de facto monopoly on positioning, navigation and timing, because it’s cheap and already integrated into billions of devices around the world. But Xona Space Systems thinks a more accurate system will be necessary to scale autonomous vehicles (AVs), advanced robotics …...Read More

FTX crypto fraud victims to get their money back — plus interest

Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago, say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven …...Read More

Google Wallet is now available in India

Google on Wednesday launched its digital wallet in India with local integrations, nearly two years after the app was relaunched as a digital wallet platform in the U.S. As TechCrunch exclusively reported last month, Google Wallet will operate in India alongside the existing Google Pay app, which will remain the …...Read More

Bluesky to add DMs, video support and in-app custom feed curation

Bluesky has launched a new product roadmap for the coming months. The decentralized social network said on Tuesday that it is planning to introduce direct messages, support for videos, improved custom feeds, and new moderation controls. In a blog post, the company said it is developing a direct messaging (DM) …...Read More

Samsung Medison to acquire French AI ultrasound startup Sonio for $92.7M

Samsung Medison, a medical device unit of Samsung Electronics that specializes in developing diagnostic imaging devices, said on Wednesday it plans to acquire Sonio, a Paris-based startup that makes AI-powered software for ultrasound workflows, for about $92.7 million (KRW 126 billion). The French startup’s AI assistant is aimed at helping …...Read More

NBA champion Kyle Kuzma looks to bring his team mentality to Scrum Ventures

Kyle Kuzma is a lot of things. He’s a forward for the Washington Wizards NBA team and a 2020 NBA champion. He’s also a style icon — depending on who you ask — and an angel investor. Now he’s an adviser at a venture fund too. “I’m part of a …...Read More

Ofcom to push for better age verification, filters and 40 other checks in new online child safety code

Ofcom is cracking down on Instagram, YouTube and 150,000 other web services to improve child safety online. A new Children’s Safety Code from the U.K. Internet regulator will push tech firms to run better age checks, filter and downrank content, and apply around 40 other steps to assess harmful content …...Read More

After a $20M Series A funding, Germany's Insempra plans eco-friendly lipid production

Lipids are fatty, waxy or oily compounds that, for instance, typically come in the form of fats and oils. As a result they are heavily used in the production of beauty products, as well as in fashion, and food industries. Right now, most lipids come from environmentally problematic petrochemicals. But …...Read More

Tesla is Luminar's largest lidar customer

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker’s top customer. Tesla accounted for “more than 10%” of Luminar’s revenue in the first quarter of 2024, or a little …...Read More