Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and institutional investors. XPeng Motors Chairman and Read more…

Google launches OpenTitan, an open-source secure chip design project

Google launches OpenTitan, an open-source secure chip design project

Google has partnered with several tech companies to develop and build OpenTitan, a new, collaborative open-source secure chip design project. The aim of the new coalition is to build trustworthy chip designs for use in datacenters, storage, and computer peripherals, which are both open and transparent, allowing anyone to inspect Read more…

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including e-commerce venture Jumia and South African fintech startup Jumo. Twiga, a B2B food distribution company, will use its Read more…

Sam Altman’s bet against Slack

Sam Altman’s bet against Slack

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex broke the discussion into two main themes. The first dealt with early-stage companies, and the second, as you can imagine, later-stage affairs. Don’t worry, we don’t get to Read more…

Samsung ramps up its B2B partner and developer efforts

Samsung ramps up its B2B partner and developer efforts

Chances are you mostly think of Samsung as a consumer-focused electronics company, but it actually has a very sizable B2B business as well, which serves over 50,000 large enterprises and hundreds of thousands of SMB entrepreneurs via its partners. At its developer conference this week, it’s putting the spotlight squarely Read more…

Waymo expands self-driving services to include B2B car parts delivery trial

Waymo expands self-driving services to include B2B car parts delivery trial

Self-driving vehicle technology company Waymo has expanding its business relationship with automotive retail company AutoNation, the companies announced today. The new extension builds on the existing partnership between Waymo and AutoNation, which began as a way for Waymo to service its Phoenix, Arizona-based vehicles, and which grew last year into Read more…

FCC proposes rules requiring telcos remove Huawei, ZTE equipment

FCC proposes rules requiring telcos remove Huawei, ZTE equipment

The Federal Communications Commission said it will move ahead with proposals to ban telecommunications giants from using Huawei and ZTE networking equipment, which the agency says poses a “national security threat.” The two-part proposal revealed Monday would first bar telecoms giants from using funds it receives from the FCC’s Universal Read more…

BF Website Diagrams Final 02

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access. The regulations around cannabis operations are so stringent at the local level — and so nebulous at the federal level — that national banks Read more…

Growth is out, profitability is in

Growth is out, profitability is in

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex held the reins as a duo (check out our chat with Greylock’s Sarah Guo from last week here) to dig into an enormous raft of news. And don’t Read more…