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She grew up a car enthusiast — now her startup has raised $4.3 million to reduce CO2 emissions from trucking

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From left, Christy McCaig (Nine Realms), Danielle Walsh (Clearly), Katharina Neisinger (Pace Ventures). Photo by Hubert Cecil

The irony was not lost on her. Growing up the daughter of a family obsessive about motor racing, Danielle Walsh became — in her late 20s — head of the Future Cities project at HSBC, a global banking giant that’s trying to address the climate change concerns of its customers.

It was 2018, and she or he reported to each the bank’s technology M&A department and its chief data officer.

“After a year and a half of living on airplanes and talking to customers, I realized the world would have to spend trillions a year to meet the ‘net zero’ climate goals that have been set for road transportation alone,” Walsh recalls. She saw the chance and launched her startup in 2021 to address the issue.

Fast forward to today, after I am the founder and CEO of my startup. ClearlyWalsh (pictured above, center, with two investors) just closed a $4.3 million seed funding round to bolster her flagship product: an AI-powered “climate intelligence” platform geared toward transportation fleet operators. The platform, Walsh says, is detailed enough to know when to notify a driver to pump up their vehicle’s tires for optimal climate-friendly performance.

The financing round was led by Pace Projects AND Nine Kingdomsand was attended by existing investors within the mobility sector: Mobilion, Next Gear and M1720, in addition to business angels including Lord Nash and Margaux Primat.

The problem Clearly solves could seem obvious, however the devil is in the main points. While we’re all aware of the trucks and vans on our streets and sometimes how much exhaust they emit, decarbonizing each the transportation fleet and provide chains is a huge and expensive conundrum.

The transport sector is chargeable for 25% of worldwide emissionsthus holding certainly one of the most important keys to unlocking the reduction of CO2 within the atmosphere. It will cost an estimated $1.75 trillion to decarbonize the sector, and meaning changing vehicles, modernizing power grids and more. Meanwhile, transportation emissions are set to rise by 60% by 2050, according to the International Energy Agency.

Founded in 2021, Clearly is trying to solve one a part of that puzzle. Its platform—based on anonymized data provided by its customers, which include logistics operators, fleet owners, and other participants within the transportation supply chain—includes vehicle movement and performance diagnostics, GPS, tracking, IoT data, cargo weight, and more. The resulting dashboard provides fleet managers with a number of emissions insights, in addition to alerts delivered through an app to drivers to “jog” their behavior. (These can include instructions like “Try to drive slower.”) The platform now tracks greater than 100 million customer trips.

The aim is to help operators lower your expenses while ensuring they meet emissions regulations and targets which can be now a part of legal compliance in lots of countries.

The company’s current largest clients include: Internet FleetBridgestone fleet management solution.

Walsh says Clearly’s data has shown that as much as 30% of fuel consumption is down to driver behaviour alone, so it is vital to provide drivers with data on how they’ll improve their performance.

“This space is growing rapidly, and we were impressed by the strong demand for Clearly’s product from large corporations and the financial sector,” Marius Swart, a partner at Pace Ventures, said in a statement. “We see demand for data-driven ordering and AI-powered operational decision-making expanding at a rapid pace.”

That said, Clearly is up against the large incumbents. Typically, those are the large telematics vendors, and that presents a challenge, Walsh says: They could have the info, but they’ve trouble creating platforms that fleet operators can put into practice.

“They’re tracking vehicles, tire pressure, driver behavior, but they don’t know how to add that extra data,” she told TechCrunch. While she acknowledges that any company that does operational efficiency or fleet management “could expand their product to our area,” she says they would wish a recent set of technologies that transcend that.

“If I can get 1% of the market, I can make a billion dollars in revenue,” she said. “I would welcome additional players. It’s a very large market.”

So what would she say to her family of racing enthusiasts, now that she has gone from being a car enthusiast to a “climate enthusiast”?

“Well, I just raised $4 million… What do you think?” Walsh jokes.

This article was originally published on : techcrunch.com
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World of Warcraft turns 20 years old

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Blizzard Entertainment first released World of Warcraft in November 2004, so The New York Times celebrated an anniversary describing how 20 years later we will still see the influence of online multiplayer role-playing games.

First, while multiplayer games and early social networks like MySpace already existed, WoW provided an actual preview of a future where anyone could connect with friends and strangers on the (*20*). Second, the sport made billions of dollars on a business model that combined monthly subscriptions with in-game purchases (including pets and animals that players could ride), becoming a large money cow for Blizzard and paving the way in which for future online business models.

The game also appeared immortal memesattracted celebrity fans and suggested epidemiologists argue that an incident involving the uncontrolled spread of a fantasy disease could possibly be investigated to realize insight into real-world epidemics.

Other than that, I didn’t think the movie was that bad.

This article was originally published on : techcrunch.com
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Exploration Company is raising $160 million to create Europe’s answer to SpaceX Dragon

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Nyx orbital vehicle The Exploration Company

Only two firms currently deliver cargo to and from the International Space Station, and each are based within the United States. Exploration Companywhich operates in Germany, France and Italy, wants to change that: it has just closed a big round of financing to proceed its mission to construct Europe’s first reusable space capsule.

The $160 million Series B round will fund further development of the Nyx spacecraft, which is able to find a way to carry 3,000 kilograms of cargo to Earth and back. The company, founded three years ago by aerospace engineers Hélène Huby, Sebastien Reichstat and Pierre Vine, goals to conduct Nyx’s maiden flight to and from the ISS in 2028.

“We are the first company in the world where, for the first time, it is funded primarily by private investors,” Huby said in a recent interview. This contrasts with SpaceX’s Dragon capsule, which it said was “primarily funded by NASA.”

With the brand new financing, led by Balderton Capital and Plural, the startup’s total funding now stands at over $208 million. Bessemer Venture Partners, NGP Capital and two European sovereign funds, French Tech Souveraineté and DeepTech & Climate Fonds, also participated within the Series B.

“We have managed to deliver on the promises we have made over the last three years,” Huby said. “We were able to hit our cash target every quarter… Investors could see that we were basically able to deliver on time, on cost and with quality.”

The startup has partnered with the European Space Agency (ESA), which has recognized the necessity to support indigenous space launch and transportation capabilities. Earlier this 12 months, Exploration Company was awarded a research contract value roughly €25 million ($27 million) to develop cargo return services. This contract will run until 2026, after which additional competitive contracts are expected to follow. ESA’s goal is to launch no less than one capsule to the ISS in 2028.

The structure of the contract, called the LEO Cargo Return Service Contract, is similar to the NASA Commercial Orbital Return Transportation Services program, which the agency launched in 2006. This program resulted in multi-billion-dollar transportation contracts with SpaceX and Orbital Sciences Corporation (now Northrop Grumman).

It’s a promising start, but equally promising is the potential The Exploration Company sees on the industrial side. About 90% of the startup’s $770 million order book comes from private station developers Vast, Axiom Space and Starlab, according to the most recent reports.

The first Exploration Company demonstration vehicle was launched this summer on the maiden flight of Ariane 6, but it surely was not deployed due to an issue with the rocket’s upper stage. A second, smaller-scale demonstration mission, called Mission Could, is scheduled to launch aboard a SpaceX Falcon 9 next 12 months.

“I really respect what SpaceX has accomplished,” Huby said. “We try to get the most out of it, we are inspired by what they achieved. However, we also believe that the world needs more competition and we want to build an alternative step by step. We are very aware that we are late, that we are much smaller, etc., but we have to start.”

This article was originally published on : techcrunch.com
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Dissatisfied X users switch to Bluesky

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Welcome back to the week in review. This week, we discuss the large surge in Bluesky users, Elon Musk co-heading Trump’s “Department of Government Efficiency,” and Mark Zuckerberg’s latest foray into extreme wife-male behavior. Let’s go.

Bluesky is experiencing significant growth as X users dissatisfied with the platform’s latest political decisions move to a rival social network. The decentralized social media platform has grown to over 16 million users, including Swifties. If you are making a change – or no less than want to see if the grass is greener (or bluer) on the opposite side of the road – we have put together a guide on how to start.

Tesla’s Cybertruck faces sixth recall in the course of the 12 months, affecting 2,431 units. Tesla’s report shows that these trucks are or were equipped with a faulty inverter. Unlike the October Cybertruck recall, which might be resolved with an over-the-air update, Tesla will need to physically replace the recalled inverters for this batch. The electric vehicle maker said it could do it without cost.

Elon Musk will co-chair with President-elect Donald Trump Department of Government Effectiveness, whose acronym refers to Musk’s favorite cryptocurrency. Musk, together with biotech entrepreneur and former presidential candidate Vivek Ramaswamy, will lead the department to help the Trump administration “dismantle government bureaucracy, cut excess regulation, slash wasteful spending and restructure federal agencies.”



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Image credits:Album cover with a canopy of Mark Zuckerberg’s “Get Low” with T-Pain

Mark Zuckerberg 🤝 T-Pain: Mark Zuckerberg commissioned T-Pain to write and record an acoustic cover of Lil Jon and The East Side Boyz’s “Get Low” as a present to his wife Priscilla Chan. Please note that he actually sings the infamous “to the window, to the wall” lyric. Read more

Standing desks usually are not as healthy as you think that: Apologies to standing desk users, but a brand new study has found that standing for greater than two hours a day doesn’t protect against the chance of heart problems and really increases the chance of circulatory problems. Read more

Talk to Tuah dating coach: Social media star Haliey Welch launched Pookie Tools, an AI-powered dating advice app for Gen Z singles. The app’s chatbot helps you write conversation starters, and one other tool predicts whether a possible match is lying about your height. Read more

The author took home $200 million: The generative artificial intelligence startup raised $200 million at a $1.9 billion valuation to expand its platform. CEO May Habib says the brand new funding will probably be used for product development and “consolidating the company’s leadership in the enterprise generative AI category.” Read more

Amazon fights against Temu: To higher compete with highly popular competitors Temu and Shein, Amazon launched the Amazon Haul store, offering discounted and mass-produced products, most of that are shipped from China. Read more

Just Eat sells Grubhub: The Dutch food delivery company sells Grubhub to Wonder Group in a deal valued at $650 million. That’s 91% lower than the $7.3 billion Just Eat Takeaway paid the corporate just 4 years ago. Read more

SBF is coming to the large screen: Lena Dunham is working with Apple and A24 on an adaptation of Michael Lewis’s book “Going Infinite,” which chronicles the lifetime of Sam Bankman-Fried and the implosion of FTX. Now I ponder who will probably be solid as SBF… Read more

Get ready for more AI video mistakes: InVideo launches an AI-powered generative video creation feature that enables users to use prompts to create videos in a wide range of styles, including live-action, animated, or anime. Read more

Apple Wall Mount Tablet: Apple is reportedly planning to release a tablet that might be mounted on a wall, control smart home appliances and make video calls in March 2025. The device will, in fact, be equipped with Apple Intelligence technology. Read more

Ads appear on Perplexity: An AI-powered search engine is experimenting with promoting. Ads on the positioning will initially run within the US and will probably be formatted as “sponsored follow-up questions” from partners including Indeed, Whole Foods, Universal McCann and PMG. Read more

You can now play Hot Cross Buns in your phone: The latest Artinoise product is a new edition of the classic plastic recorder. The portable device might be connected to any smartphone, tablet or PC equipped with a USB-C port, effectively transforming it right into a musical instrument. Read more

This article was originally published on : techcrunch.com
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