RIEM News LogoRIEM News

Articles tagged with "startups"

  • Why this LA-based VC firm was an early investor in Slate Auto

    Slate Auto, an electric vehicle (EV) startup that emerged from stealth mode earlier in 2023 with an affordable EV truck, has raised approximately $700 million to date. Prior to its public debut, Slate quietly secured a Series A funding round exceeding $100 million, which included high-profile investors such as Jeff Bezos, Los Angeles Dodgers owner Mark Walter, and VC firm General Catalyst. Among the early backers was Slauson & Co., a Los Angeles-based venture capital firm founded in 2020 by Ajay Relan and Austin Clements. The firm, which aims to bridge the gap between underrepresented communities and the innovation economy, publicly shared its rationale for investing in Slate, despite the challenging landscape for EV startups and green energy initiatives. Slauson & Co. was introduced to Slate Auto through Jeff Wilkie, former Amazon consumer division CEO and co-founder of Re:Build Manufacturing, an incubator from which Slate spun out. Although investing in an EV company was somewhat outside Slaus

    energyelectric-vehiclesstartupsventure-capitalautomotive-industrygreen-energymanufacturing
  • Startups Weekly: Tech and the law

    The latest edition of Startups Weekly highlights a busy week in the startup ecosystem, featuring notable lawsuit developments, mergers and acquisitions, and significant funding rounds. Key startup stories include Rubrik’s push to accelerate AI agent adoption with substantial but undisclosed funding, German fintech startup Kadmos’ $38 million raise linked to Japanese shipping expansion, and ongoing copyright lawsuits involving AI music startup Suno and Getty Images’ AI image generator Stable Diffusion. Despite challenges, Bill Gates-backed Airloom Energy continues its operations in Wyoming. On the venture capital front, several high-profile funding events stood out. Harvey AI, an AI-enabled legal tech startup, raised $300 million at a $5 billion valuation just months after a previous $300 million round at $3 billion. Abridge, an AI medical note automation startup, secured funding at a $5.3 billion valuation, while blockchain prediction market Kalshi and its rival Polymarket are also raising significant capital. Other notable raises include European challenger bank Finom, Indian

    energystartupsAIfundingdronesblockchainmaterials
  • Cybernetix Ventures raising $100M fund for robotics and physical AI - The Robot Report

    roboticsinvestmentautomationartificial-intelligencestartupstechnologyventure-capital
  • RoboBusiness Pitchfire competition opens call for robotics startups

    robotroboticsstartupscompetitionAItechnologyinnovation
  • Startups launch products to catch people using AI cheating app Cluely

    AIcheatingstartupstechnologyeducationanti-cheatingsoftware
  • States and Startups Are Suing the US Nuclear Regulatory Commission

    nuclear-energyregulatory-challengesstartupslawsuitsUS-Nuclear-Regulatory-Commissionsmall-reactorstechnology-innovation
  • Are EWOR fellowships the real project Europe is looking for?

    EWORentrepreneurshipfellowshipsEuropeearly-stage-fundingstartupsventure-capital
  • Volution doubles-down on booming UK fintech with new $100M fund

    UK-fintechinvestment-fundVolutionfinancial-technologyventure-capitalOpen-Bankingstartups
  • StrictlyVC heads to London and Athens this May: Featuring prime minister of Greece and Europe’s leading tech and VC voices

    StrictlyVCLondonAthenstech-eventsventure-capitalstartupsGreece