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AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT 

South Korean AI chip developer  Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in South Korea.  Last month, TechCrunch reported on Rebellions closing on $50 million in funding that valued the company at an estimated $283 million. At that time, Rebellions CEO and co-founder Sunghyun Park told TechCrunch that the startup wrapped up its initial Series A, which was oversubscribed, in less than three months from financial investors.  The Pavilion Capital-backed AI chipmaker has raised about $72.8 million (92 billion KRW) in total Series A funding, bringing its total funding to about $102.8 million since its inception in 2020.  Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investment Rebellions spokesperson told TechCrunch that the company plans to use the extension round to mass-produce its second AI chip prototype, ATOM, that will be

Sure, Tesla, a solar trailer

Over the weekend, Tesla showed off its latest gadget: a solar trailer, featuring extendable panels, a satellite internet terminal and even a lick of matte-black paint. Tesla may have designed the trailer to add some range to electric vehicles—or, to advertise Starlink’s new $25-per-month “portability” feature, which SpaceX announced in May . Whatever it’s for, you probably won’t see this trailer for sale any time soon.  That’s because Tesla apparently exhibited it as a “ show of concept ,” per   a Tesla fan , who shared photos of the solar trailer on Twitter. The gadget was displayed at IdeenExpo, a tech conference geared towards high school-aged students in Hannover, Germany. Tesla did not respond to a request for comment when asked about the trailer. As such, there are lots of unknowns, including its size, weight and razón de vivir . More images of the trailer. Another employee confirmed the range extender + Starlink purpose. He said the trailer does not have internal stora

Peakflo’s bid to build business payments for Southeast Asia attracts capital, customers

During the most recent Y Combinator startup batch , Peakflo stood out to TechCrunch. The company’s simple pitch — Bill.com for Southeast Asia — fit neatly into the broader narrative of the world increasingly digitizing its workflows and the generally hot market we’d seen for fintech companies . At the time, we noted that “there are huge revenues to be found in helping companies spend and receive money,” adding that Peakflo was likely “ready to raise,” having already reached $13,000 worth of monthly recurring revenue (MRR). So when Peakflo reached out with some fundraising news, we took the call. I spoke with co-founder and CEO Saurabh Chauhan about Peakflo’s fundraising, historical growth, plans for its new capital and its revenue targets. The world versus Excel If I asked you what software product is the most indispensable to the global economy, what would your answer be? My hunch is that it’s Excel, the Microsoft spreadsheet app that has been around longer than the modern inter

Warner Bros. Discovery ceases new HBO Max originals in Europe and shutters Cinemax Go

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HBO Max will cease new original programming in parts of Europe and the company will also shut down Cinemax’s TV Everywhere platform, Cinemax Go, as its parent company Warner Bros. Discovery moves through a restructuring. As reported by Variety on Monday, HBO Max originals like Hungarian drama “The Informant,” Swedish comedy “Lust” and “Kamikaze” from Denmark will be removed from the service in European territories such as Central Europe, Denmark, Finland, the Netherlands, Norway, Sweden and Turkey. On July 31, Warner Bros. Discovery is shuttering the free streaming service Cinemax Go, which simplifies the number of streaming services in its portfolio. The changes will save money for the company, keeping it on track for its previously revealed cost-cutting plan that has a target of $3 billion in savings. The company has a debt load of around $55 billion and its share price has steadily dropped since the merger between Discovery and WarnerMedia, with its current market cap sitting

Raising capital for robotics startups with Bee Partners and Rapid Robotics

Jordan Kretchmer founded Rapid Robotics with the mission of simplifying robotics for manufacturing by providing out-of-the-box automation solutions. Founded in 2019, the company quickly gained the attention of top VCs including Bee Partners who led Rapid Robotics seed round and participated in each of the following rounds. Hear Rapid Robotics pitch and learn why robotic companies are quickly (and easily) gaining VC money.  This TechCrunch Live event opens on July 6 at 11:30 a.m. PDT/2:30 p.m. EDT with networking. The interview begins at 12 p.m. PDT followed by the TCL Pitch Practice at 12:30 p.m. PDT. Register here for free. TechCrunch Live records weekly on Wednesdays at 11:30 a.m. PDT/2:30 p.m. EDT. Join us! Click here to register for free and gain access to all TechCrunch Live  events — including TechCrunch Live, City Spotlight, Startup Pitch Practice, Networking and other TechCrunch  community   events  — with just one registration. source https://techcrunch.com/2022/07/0

Founder of auto giant Geely buys Meizu as smartphone demand weakens

Remember Meizu, the once-promising competitor to Xiaomi ? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China’s largest private automaker and Volvo’s parent comapny. China’s smartphone industry is notoriously competitive. Founded in 2003, Meizu has been making affordable, trendy Android-based smartphones that allowed it to gain brief moments of prominence at home and abroad. As of late, the phone maker’s market share in China has been marginal — 1% in Q4 2019, according to market research firm Counterpoint . But the firm is now taking another shot as Xingji Technology, a smartphone company launched by Geely’s founder and chairman Eric Li last September, acquired a controlling stake of 79.09% from it. Meizu will continue to operae as an “independent brand” following the strategic investment. Its founder Huang Zhang, also known as Jack Wong, will be involved as the brand’s “product strategy advisor.” The t

Ultrahuman busts out a smart ring to decode metabolic health

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Indian fitness platform, Ultrahuman , is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. Sensors embedded in the forthcoming Ultrahuman Ring include temperature, heart rate and movement monitors, which enable the device to track the wearer’s sleep quality, stress levels and activity density, per CEO and co-founder, Mohit Kuma. The device is designed to work in conjunction with the startup’s existing wearable, a continuous glucose monitor (CGM) sensor-based service it brands ‘Cyborg’, to deepen the quality of insights for users — such as by identifying when a poor glucose response might be linked to a bad night’s sleep, say, or elevated stress levels, rather than putting all the focus on whatever it was the user ate right before their blood sugar spiked. The Ultrahuman Ring is not a CGM itself but it can function as a standalone heal

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