Stripe acquires payment processing startup Lemon Squeezy

Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced Friday. Terms of the deal were not disclosed. As a self-proclaimed “merchant of record,” Lemon Squeezy calculates and pays global sales tax for digital products, handling legal processing and fees in every country. It primarily serves SaaS and software businesses. In … Read more

Legal tech, VC brawls and saying no to big offers

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. To get Startups Weekly in your inbox every Friday, sign up here. This week we are talking about Wiz’s bold decision, VC’s public feud, legal tech’s new capital and a16z’s close call. Let’s go! Most interesting startup stories … Read more

Alphabet X spinoff Skip partners with Arc’teryx to bring  ‘everyday’ exoskeleton to market

Skip exited stealth this week to announce a partnership with outdoor clothing specialist Arc’teryx. The deal is the first to bring Skip’s MO/GO technology to market: “powered pants” that utilize a soft exoskeleton technology, developed in-house at Alphabet’s X Labs moonshot factory. MO/GO, short for “mountain goat,” is a hybrid soft/rigid exoskeleton system designed to … Read more

Energy tech startup Greenely grabs €8M to reach more households and support Europe’s energy transition

The energy transition is a marathon, not a sprint. But opportunities for acceleration are growing. Swedish startup Greenely* has just spotted one. It’s closing an €8 million Series A funding round to expand its energy management platform into neighbouring Nordic countries (so around $8.7M at current exchange rates). The energy tech startup is serving around … Read more

Applied Intuition raises $300M four months after raising $250M

Autonomous vehicle software startup Applied Intuition has raised $300 million just four months after closing a $250 million Series E round, yet another sign of how white-hot the investment scene is for artificial intelligence companies. The secondary round adds Fidelity Management & Research Company to an already-stacked lineup of investors in the automotive AI startup, … Read more

With Google in its sights, OpenAI unveils SearchGPT

OpenAI may have designs to get into the search game — challenging not only upstarts like Perplexity, but Google and Bing, too. The company on Thursday unveiled SearchGPT, a search feature designed to give “timely answers” to questions, drawing from web sources. UI-wise, SearchGPT isn’t too far off from OpenAI’s chatbot platform ChatGPT. You type … Read more

Uber, Lyft, DoorDash can continue to classify drivers as contractors in California

The California Supreme Court ruled Thursday that Proposition 22 – the ballot measure that passed in November 2020 and classified app-based gig workers as independent contractors rather than employees – is here to stay.  The decision is a win for app-based companies like Uber, Lyft, DoorDash and Instacart, which have fought hard to maintain their … Read more

Disrupt 2024 Career Fair: Your gateway to top tech talent

Disrupt 2024 is the premier event where tech careers are launched, connections are forged, and the future of technology talent takes center stage. The Disrupt Career Fair is the perfect opportunity to showcase your company and attract the best candidates. That’s because it has a diverse array of companies, from tech giants to nimble startups, … Read more