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Capital Infrastructure

Torus says it raised $500 million for combined battery and AI computing product

Energy-storage startup Torus said it raised $500 million in funding to help launch a product that combines batteries with artificial-intelligence computing. The product is the size of a shipping container, bringing energy storage and computing into one unit.
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Bloomberg Technology
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital Products
Capital Products

Sennder details €228 million financing package for freight operations

Digital freight forwarder sennder has secured a €228 million financing package, EU-Startups reported. It includes €73 million in equity accumulated over the past two years and €155 million in institutional financing, rather than an entirely new equity round.

EU-Startups
Policy Products
Policy Products

EU proposes subscription controls and ban on loot boxes for minors

The European Commission proposed a Digital Fairness Act that would ban paid loot boxes for under-18s, prohibit manipulative interface practices and require online subscription cancellation in a few clicks, The Next Web reports.

The Next Web
Products
Products

Metalenz acquires PxE for light-routing camera sensor technology

Metalenz has acquired Israeli startup PxE Holographic Imaging, developer of an optical layer that redirects light onto camera sensor pixels instead of absorbing it through color filters, WIRED reports. Financial details were not disclosed.

WIRED