Stripe’s first employee, the founder of fintech Increase, sort of bought a bank

While highly sought after, federal software contracts frequently come with a hidden cost: Achieving government SaaS security compliance, known as FedRAMP, can take years and require substantial resources. Achieving this certification typically takes up to three years and costs more than $3 million, covering everything from security operations engineer salaries to security audits Learn more about your ad choices. Visit podcastchoices.com/adchoices

The micromobility startup that spun out of Rivian this year, was raised $200 million from Greenoaks Capital. Also, French AI startup Mistral is in talks to raise up to $1 billion in equity from investors including Abu Dhabi’s MGX fund, reports Bloomberg Learn more about your ad choices. Visit podcastchoices.com/adchoices

With a fundraising target of €25 million, Darkstar’s goal is to help startups bring battle-tested products to military customers both in Ukraine and throughout Europe. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI infrastructure startup LangChain is raising a new round at about $1 billion valuation led by IVP. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Slate Auto, which came out of stealth mode earlier this year with a surprising – and surprisingly affordable – customizable electric truck, has raised $700 million to date. But long before the EV startup broke cover, it quietly raised a Series A round of more than $100 million in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you’d spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Competitors to Darragh Buckley's Increase are so nervous about his ambitions to "own" a bank, someone has been trying to stop him. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lovable released its vibe coder in late November. Within six month, the startup hit $50 million in ARR, CEO Anton Osika said. Learn more about your ad choices. Visit podcastchoices.com/adchoices

SpaceX is facing another lawsuit alleging discrimination, sexual harassment, and retaliation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lucid sold 3,309 vehicles in the second quarter, a new record for the EV maker. Still, the company must ramp up production of its Gravity SUV to meet its 2025 target. Learn more about your ad choices. Visit podcastchoices.com/adchoices