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Autonomous and electric truck company Einride raises $500 million in equity and debt • australiabusinessblog.com

Einride today announced a $500 million tranche of funding to expand its autonomous and electric trucks into new markets globally. The cash infusion consists of an equity-based $200 million Series C portion from lenders including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure and Norrsken VC. In addition, [...]

Bosch is closing its app store for cameras with AI-powered internet connection • australiabusinessblog.com

In 2018, the appliance conglomerate Bosch created a start-up, Security and Safety Things (or “SAST” for short), with a stated mission to develop a platform to help developers create software for AI-enabled cameras. SAST would host a moderated, vetted “app store” for Internet-connected cameras that would allow developers to build [...]

The state of capital unfolded

At Startup Daily’s recent 2023 Tech Playbook From Idea to Unicorn event, our expert panel discussed the state of capital from pre-seed to IPOs. There’s no denying that 2022 has been challenging for startups, but there are some bright spots in some areas. In general, there is a sharp decline [...]