Speaking to TechCrunch, Crunchbase’s head of research Gené Teare, said the factors holding back Black founders include “access to networks, relationships, and early introductions.”
The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity.
A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media.
“If you’re 22 years old in San Francisco and building something in AI, there may be a seed term sheet in your inbox — but if you’re 19, oh my God, this means you’re really good; you might already have a Series A [offer],” said one, half-kiddingly.
Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way AI models respond to prompted requests, per Axios.
Submit your session topic before today ends for a chance to speak at TechCrunch Disrupt 2026. Apply now to share your insight and help shape the conversations defining the tech industry.
You now have until tonight at 11:59 p.m. PT to lock in Early Bird savings of up to $410 for TechCrunch Disrupt 2026 before prices increase. Join 10,000+ tech leaders in October for one of the most anticipated tech events of the year. Register now.
Europe’s startup ecosystem has matured significantly; its founders are increasingly willing to scale companies domestically instead of immediately looking to relocate to the U.S.
StrictlyVC Los Angeles is on June 18. Join for meaningful networking and fireside chats with leaders from Mach Industries, Shinkei Systems, and more. Register here.
Insurance tech Corgi announced today an $106 million Series B1 raise, valuing the company at $2.6 billion, just three weeks after announcing a $160 million Series B.