Author: bibhuti

Lachy Groom, one of Silicon Valley’s most closely watched solo investors, decided to back Indian startup Pronto just 20 minutes into his first meeting with its 24-year-old founder. The meeting, which took place in February through a mutual connection, led to Groom investing $20 million in Pronto as an extension of its Series B round, valuing the startup at $200 million after the investment — double its valuation just over two months earlier, as TechCrunch had previously reported. The deal came together within weeks, bringing the solo investor on board as the Bengaluru-based startup expands to meet growing demand for…

Key TakeawaysCoinbase introduced gold and silver perpetual futures for eligible non-U.S. users.The contracts are USDC-settled, reference one troy ounce, and carry maximum leverage of up to 25x.The launch extends Coinbase’s effort to connect crypto-based infrastructure with traditional commodity markets. Crypto Exchange Adds Gold and Silver Perpetual Futures Crypto exchange Coinbase (Nasdaq: COIN) announced on May 6 that it began offering gold and silver perpetual futures for eligible non-U.S. traders, marking another step in its push to bring traditional market products onto digital asset trading platforms. The contracts provide exposure to spot gold and silver prices through perpetual futures that settle…

Plans for a 24-hour McDonald’s restaurant in Hove have been refused. Source link [Featured] [Just In]

One interpretation of the AI infrastructure race suggests foundation model companies build the rails and everybody else builds the trains. Anthropic just made clear it has other plans. The company has launched ten new AI agents built specifically for the financial sector, covering pitch deck drafting, financial statement review, KYC screening, credit memo generation and compliance escalation. These are production-ready tools targeting the core workflows that fintech and financial services startups have spent the last three years building products around.   Why Now?   The launch was a logical next step – according to Anthropic’s own slide deck shared at…

Wednesday 06 May 2026 11:05 pm  |  Updated:  Wednesday 06 May 2026 11:06 pm Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today announced it has been named “Expense Management Platform of the Year” in the 2026 TravelTech Breakthrough Awards, which recognize innovation across the global travel and hospitality technology ecosystem. With thousands of nominations evaluated by an independent panel of industry experts, the program highlights companies delivering meaningful advancements in travel technology. Expensify was recognized for its integrated travel and expense platform, which brings booking, payments, expense management, and reimbursement into a single, unified…

Urban regeneration firm Vita Group wants to transform the iconic site into a nine-storey development comprising 356 student beds, a publicly accessible food hall and an events space. Glasgow City Council approved the plans last June, despite concerns over the impact the development could have on the nearby Glasgow School of Art’s Mackintosh building. The Scottish Government called in the council’s decision a month later, with government reporter Stuart West tasked with making the final call on the application’s future. The site was ravaged by fire in 2014 and 2018 (Image: Newsquest) West had been expected to issue his report…

“In Belfast it feels like our response to blocked drains and gullies is haphazard and scattergun”Flooding on Maryville Avenue this morning(Image: Justin Kernoghan/Belfast Live)Belfast City Council is to look at a drainage pilot in the city based on a Dublin model to fight against the increasing threat of flooding.At the May meeting of the full council at City Hall, the chamber agreed to a Green party proposal, seconded by Sinn Féin, looking at preparation for a pilot in Belfast, focusing on known flood-prone areas. A report will be returned to the council’s Strategic Policy and Resources Committee.In March Belfast Council…

Temecula, CA, May 06, 2026 –(PR.com)– Hodson P.I. LLC proudly announces the launch of the Hodson Truth & Integrity Scholarship, a national scholarship program designed to recognize and support students who demonstrate honesty, accountability, leadership, and strong moral character while pursuing careers in the legal, claims, or investigative industries.The scholarship will award a minimum of $2,500 to a qualifying student anywhere in the United States. Applications officially opened on May 1, 2026, with submissions accepted through July 31, 2026. The scholarship recipient will be announced on August 25, 2026.Founded by nationally recognized investigator and entrepreneur Justin D. Hodson, CPI, the scholarship…

Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the deal. Snap said that the companies “amicably ended the relationship in Q1″ and that its sales guidance “assumes no contribution from Perplexity.” When Snap announced the deal as part of its third-quarter earnings last year, it said it expected revenue from the partnership to begin…

Business insurance startup Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion, the startup’s co-founder Nico Laqua said on LinkedIn. This comes just four months after the company announced a $108 million Series A. The company has now raised $268 million in funding to date, Laqua said and has become Y Combinator’s latest unicorn. Laqua started the company with Emily Yuan in 2024 and was part of the YC’s Spring 2024 batch. Corgi, who names Deel and Artisan as customers, offers coverage for general liability, cyber liability, and tech and AI…