ICONIQ Growth has raised $5.21 billion across two funds associated with the seventh growth fund family, according to SEC filings. However, the firm’s actual fundraise was $5.75 billion, according to a source familiar with the firm.  The late-stage investment unit is a part of ICONIQ Capital, which launched in 2011 as a private office managing […] ©...

Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will affect around 140 employees, and are starting immediately. Luminar is also cutting […] © 2024...

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With Match and other online dating companies facing a downturn, Archer’s growth is certainly notable. © 2024 TechCrunch. All rights reserved. For personal use only.

Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network X, née Twitter — also part of Elon’s tech […] © 2024 TechCrunch. All rights reserved. For...

Despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models. © 2024 TechCrunch. All rights reserved. For personal use only.