TechCrunch Top 3

Klarna revives IPO plans, aims to raise $1.27B: Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. Read More

LayerX uses AI to cut enterprise back-office workload, scores $100M in Series B: This Japanese AI startup just raised $100M to cut businesses' admin burden. Read More

U.S. and Indian VCs just formed a $1B+ alliance to fund India's deep tech startups: Eight U.S. and Indian VC and PE giants are teaming up to fuel India's deep tech boom. Read More

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Morning Must-Reads

Lovable's CEO isn't too worried about the vibe-coding competition: Lovable specializes in helping people build apps and websites, especially people with no coding experience. It's one of the standouts in the popular AI category known as vibe-coding, which lets users guide AI models as they produce code, websites, or whole applications. Read More

Murder at Burning Man turns Silicon Valley's desert playground into a crime scene: A homicide investigation has rocked the final days of Burning Man after a man was found dead "lying in a pool of blood" Saturday night at the Nevada desert festival, according to the Pershing County Sheriff's Office. According to the New York Times, the grim discovery occurred around 9:14 p.m. just as the festival's iconic wooden "Man" effigy began its traditional burn. The victim, described as a white adult male whose identity remains unknown, was found by a festival participant who flagged down a deputy. Read More

Every fusion startup that has raised over $100M: Fusion startups have raised $7.1 billion to date, with the majority of it going to a handful of companies. Read More

India's Offgrid raises $15M to make lithium optional for battery storage: India's Offgrid Energy Labs has developed proprietary zinc battery tech as a safer, more cost-effective alternative to lithium for energy storage. Read More

Why Runway is eyeing the robotics industry for future revenue growth: Runway is building up a robotics-focused team and fine-tuning its existing models for robotics and self-driving car customers. Read More

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