In news that could boost the morale, if not near-term fortunes, of the ride-hailing industry, a small Estonian firm called Bolt said Tuesday it raised 100 million euros from London-based Naya Capital Management. The round valued Bolt on paper at $1.85 billion, up from about $1 billion two years ago. The funding came after Bolt (previously known as Taxify) tried to borrow money from the Estonian...
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Bolt, an Uber Rival in Europe and Africa, Raises $110 Million
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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