Startups Weekly: The opportunities & challenges for mental health tech

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Zoom and Superhuman’s PR disasters. Before that, I noted the big uptick in VC spending in 2019. Remember, […]

Self-driving startup AutoX expands beyond deliveries and sets its sights on Europe

AutoX, the Hong Kong and San Jose, Calif.-based autonomous vehicle technology company, is pushing past its grocery delivery roots and into the AV supplier and robotaxi business. And now, it’s taking its business to Europe. AutoX has partnered with NEVS — the Swedish holding company and electric vehicle manufacturer that bought Saab’s assets out of […]

Powering the brains of tomorrow’s intelligent machines

Shahin Farshchi Contributor More posts by this contributor Four ways to bridge the widening valley of death for startups Building a great startup requires more than genius and a great invention Sense and compute are the electronic eyes and ears that will be the ultimate power behind automating menial work and encouraging humans to cultivate […]

Mylk Guys wants to be the online vegan grocery store that non-vegans can love

Gaurav Maken, the chief executive officer of the online vegan grocery store Mylk Guys, doesn’t think of his company as a place to just buy food. For him, it’s a testing ground and platform for all of the new food products he expects to be developed as startup entrepreneurs and established food companies start tackling […]

Lexion raises $4.2M to bring AI to contract management

Contract management isn’t exactly an exciting subject, but it’s a real pain point for many companies. It also lends itself to automation, thanks to recent advances in machine learning and natural language processing. It’s no surprise then, that we see renewed interest in this space and that investors are putting more money into it. Earlier […]

Tiny UK startup takes on Google’s Wing in the race to a drone traffic control system

A future where drones can easily and cheaply do many useful things such as deliver packages, undertake search and rescue missions and deliver urgent medical supplies, not to mention unclogging our roads with flying taxis, seems like a future worth shooting for. But before all this can happen, we need to make sure the thousands […]

VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses and banks to exchange and make payments in exotic foreign currencies that don’t often convert or […]

WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

Adam Neumann, the co-founder and chief executive of the international real estate co-working startup WeWork has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the company, […]

Rent the Backyard wants to build a studio apartment in your yard

Rent the Backyard is one of the rare startups with a name that perfectly suits what it does. The company, which is part of Y Combinator’s current batch, builds studio apartments in homeowners’ backyards, which are then rented out for income. Of course, if you already own a house with a yard, you could theoretically […]

How Carl Pope helped drive a $500 million pledge to push the U.S. “Beyond Carbon” (Part 2)

Billionaire businessman and philanthropist Michael Bloomberg recently pledged to rapidly spend $500 million in a bid to push the U.S. “Beyond Carbon,” aiming to end this country’s use of coal and natural gas power in a generation or less. In another recent piece, I featured an in-depth interview with Carl Pope, the veteran environmental leader […]