Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a … Read more

DroneSeed uses swarms of drones to reseed forests after wildfires

Fire seasons are now longer and the destruction more intense, as fires burn hotter and spread to more drought-stricken ground. Since the start of this year, 32,247 wildfires have burned just over 3.3 million acres in the United States, according to the National Interagency Fire Center. An early start to the season, and an especially … Read more

Klarna CEO defends business despite massive losses and layoffs

Klarna CEO Sebastian Siemiatkowski has defended his company’s business model and the controversial “buy now, pay later” industry. Klarna lets consumers buy things that they might not necessarily be able to afford at that moment in time. Its 150 million customers pay a relatively small amount up front and pay back the rest later. In … Read more

Nuclear waste U.S. could power the U.S. for 100 years

EBR-II at the US Department of Energy’s Idaho National Laboratory. Photo courtesy Idaho National Laboratory There is enough energy in the nuclear waste in the United States to power the entire country for 100 years, and doing so could help solve the thorny and politically fraught problem of managing spent nuclear waste. That’s according to … Read more

European VCs are urging start-ups to cut costs

skaman306 | Moment | Getty Images European venture capitalists are advising start-ups in their portfolios to cut costs and freeze hiring as economists warn that another recession is inevitable. Their counterparts in Silicon Valley are doing the same. Following a bumper 2021 that was full of IPOs and mega funding rounds, some of the most … Read more

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

One of Silicon Valley’s most successful venture capital firms does not see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. … Read more

Andreessen Horowitz raises $4.5 billion crypto fund in down market

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $ 4.5 billion fund for … Read more

LinkedIn and DeepMind co-founders raise $225 million

DeepMind co-founder Mustafa Suleyman Greylock Partners Inflection AI, the new artificial intelligence start-up from DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman, has secured $ 225 million in funding, according to a filing with the US Securities and Exchange Commission last week. The funding, first reported by TechCrunch, has been raised at an undisclosed … Read more

Amazon launches $1 billion fund to invest in warehouse technologies

Robots transport goods to the employees in the warehouse of a logistics center of the mail order company Amazon. Rolf Vennenbernd | dpa | Picture Alliance | Getty Images Amazon is launching a $ 1 billion fund that will back companies “of all stages” building supply chain, fulfillment and logistics technologies, the company announced Thursday. … Read more

Wunderlist co-founder Christian Reber raises funding for Superlist

Wunderlist co-founder Christian Reber Pitch German entrepreneur Christian Reber sold his to-do list app Wunderlist to Microsoft in 2015 for a sum that was reported to be between $ 100 million and $ 200 million only to watch the US tech giant shut it down four years later. Now he’s just raised funding for a … Read more