Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups

The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise.  But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced […]
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As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […]
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Sensorita uses digital twins to help waste management companies streamline construction waste

The amount of waste produced by the construction industry adds up to more than a third of the overall waste produced each year in the European Union. And it’s no better in the U.S. Stateside, the construction industry produces more than double the waste that households do each year. Sensorita wants to help the construction […]
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Apple adds support for new languages across lock screen, keyboard and search on iOS 18

Apple unveiled iOS 18 last month at its Worldwide Developer Conference (WWDC). Since then, the company has released two developer betas in the last few weeks with extended support for multiple new languages across the lock screen, Siri, keyboard, and search on iOS 18. With the new update, you can now customize the lock screen […]
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Anthropic looks to fund a new, more comprehensive generation of AI benchmarks

Anthropic is launching a program to fund the development of new types of benchmarks capable of evaluating the performance and impact of AI models, including generative models like its own Claude. Unveiled on Monday, Anthropic’s program will dole out grants to third-party organizations that can, as the company puts it in a blog post, “effectively […]
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Senators urge owners, partners, and VC backers of fintech Synapse to restore customers’ access to their money

A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the senators implicated both the partners and investors of the company as being responsible for missing customer funds. In a letter shared publicly on Monday, U.S. […]
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TechCrunch Space: Star spangled

Hello and welcome back to TechCrunch Space. I hope everyone has a fantastic July 4 this week. Go eat a hot dog. Read my story from last week on the causes of Starliner’s additional delay and what it might mean for Boeing’s Starliner program. Want to reach out with a tip? Email Aria at aria.techcrunch@gmail.com […]
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