Latest news with #Meter
Barnama
2 days ago
- General
- Barnama
Ghost Ship Passes Safety Check As No Hazardous Gas, Chemicals Or Bodies On Board
CHUKAI, Aug 15 (Bernama) -- The 'ghost ship' appears to be risk-free as no hazardous chemicals or human remains were found in the abandoned hulk that drifted into the waters of Semangkok A oil platform in Terengganu, said Kemaman Maritime Zone director, Maritime Commander Abdul Halim Hamzah. He said 17 members of the Malaysian Fire and Rescue Department's (JBPM) Hazardous Materials (Hazmat) Special Team and three officers from the Malaysian Marine Department (JLM) of Terengganu were involved in an hour-long inspection on three levels of the 53.7-metre (m)-long and 10m wide ship at the Kemaman Supply Base (KSB) today. He said the fire department had used two types of high-tech equipment, Four-Gas Meter (FGM) and Gasmet (gas analyser), to detect the presence of any hazardous materials or gases in the ship. "The Hazmat team used high-tech advanced equipment to detect any readings from hazardous chemicals or gases on all three levels of the ship. "The area was found to be safe, with no signs or presence of human remains. Initially, there was an unpleasant odour, but upon inspection it was traced to raw materials in the refrigerator," he told a press conference at the Kemaman Maritime Zone here today. In addition, the MMEA team would conduct regular patrols around the ship's area to prevent trespassing. "The 293-tonne ship will be handed over to the JLM for further action," he said. Earlier, the ghost ship was towed (some 140 nautical miles) to KSB here at about 11.30 am before the safety inspection by a JBPM-JLM team was conducted at 3.30 pm. According to MMEA, the ghost ship was first spotted on Aug 12. According to media reports earlier, the Pahang MMEA said the ghost ship is believed to be an oil tanker which caught fire off Tanjung Sedili Kecil, off the Johor coast on Aug 7, where one crew member died, with four others injured.
NZ Herald
06-08-2025
- NZ Herald
Outback Wrangler Matt Wright accused of falsifying helicopter records before fatal crash
The jury heard Wild Harvest NT owner Mick Burns – commonly known as the 'crocodile king' of the NT – had the egg collection permit and lawfully subcontracted Wright's company Helibook to conduct the outback mission. The 34-year-old Wilson was the passenger of a Robinson R44 when the chopper went down, killing him and critically injuring Robinson. Gullaci alleged Wright plotted to 'cover up' certain things about the helicopter, specifically his 'pattern' of manipulating its flight records. He said that as an experienced businessman and pilot, Wright would have been very aware of the maintenance and service requirements of his aircraft, which include a service every 50 to 100 hours of flight and a major overhaul at 2200 hours. He said these 'potential end of life' overhauls could cost up to A$460,000 ($504,284). Gullaci said the Robinson R-44 was bought in September 2020 and had 'officially' logged 1594 in flight hours – meaning there was only 600 from the overhaul threshold. He alleged that in a recorded conversation with his wife Kaia in September 2022, Wright suggested he knew he had overflown the maintenance hours 'by a couple hundred [hours], maybe 10%'. 'I will be guilty of not keeping my f**king paperwork up to speed,' Wright allegedly said in a secretly bugged conversation. To avoid the costly safety checks, Gullaci alleged Wright repeatedly and 'deliberately' disconnected the chopper's Hobbs Meter, which he compared to the odometer of a car. 'In fairness to Wright, he wasn't Robinson Crusoe,' Gullaci said. 'You will hear that in the Northern Territory aviation industry in the helicopter field, this is common practice.' Gullaci repeatedly emphasised to the jury none of the charges alleged Wright was responsible for the deadly crash, however, he alleged it was the celebrity's fear he would be blamed that motivated his actions. 'Wright was concerned after the crash that this failure would be revealed,' Gullaci said. 'And if it is uncovered that there had been systemic underreporting of the recorded hours, that it could be used as a way to blame him for the accident.' The prosecution revealed its evidence would include recordings from covert listening devices installed in the celebrity's home, and intercepted telephone calls. Among the many witnesses expected to be called will be Burns and Robinson, who is now a paraplegic and in a wheelchair. Despite the intense media coverage and 'keyboard warrior' commentary, Gullaci reminded the jury to restrict its attention only to the evidence to maintain Wright's right to a fair trial. 'For better or worse in this country we have 'Tall Poppy syndrome' … we cut down people just because they're very successful,' Gullaci said. 'That is not appropriate, and there is no place for it in this trial. 'It doesn't matter if it was Snowy off the bus that no one knows, it doesn't matter if it was Taylor Swift sitting in that dock – the same protections apply for every accused person.' The trial continues.
Yahoo
06-07-2025
- Business
- Yahoo
At least 36 new tech unicorns were minted in 2025 so far
With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies like Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now worth over $1 billion. Linear — $1.25 billion: This software development product management tool last raised an $82 million Series C, valuing the company at $1.25 billion, according to Pitchbook. The company, founded in 2019, has raised more than $130 million in funding to date from investors including Accel and Sequoia Capital. Gecko — $1.62 billion: This company makes data-gathering robotics that climb, crawl, swim, and fly. Founded in 2013, the company last raised a $121 million Series D, valuing the company at $1.6 billion, according to Pitchbook. The company has raised more than $340 million in funding to date from investors including Cox Enterprises and Drive Capital. Meter — $1.38 billion: This company, which offers managed Internet infrastructure service to enterprises, last raised a $170 million Series C, valuing the company at $1.38 billion, according to Pitchbook. The company, founded in 2015, has raised more than $250 in funding to date, from investors including General Catalyst, Sequoia Capital, Sam Atlaman, and Lachy Groom. Teamworks — This sports software company last raised a $247 million Series F, valuing the company at $1.25 billion, according to Pitchbook. The company, founded in 2006, has raised more than $400 million in funding to date from investors including Seaport Capital and General Catalyst. Thinking Machines — This AI research company, founded just last year by OpenAI alumn Mira Murati, raised a $2 billion seed round, valuing the company at $10 billion, according to Pitchbook. The company's investors include a16z and Nvidia. Kalshi — $2 billion: The popular prediction markets company, founded in 2018, last raised an $185 million Series C, valuing the company at $2 billion, according to Pitchbook. The company has raised more than $290 million in funding to date, from investors including Sequoia and Global Founders Capital. Decagon — This customer service AI agent company, founded in 2023, last raised a $131 million Series C, valuing the company at $1.5 billion, according to Pitchbook. The company has raised more than $231 million in funding to date, from investors including a16z and Accel. Pathos — $1.6 billion: This drug development company, founded in 2020, last raised a $365 million Series D, valuing the company at $1.6 billion, according to Pitchbook. The company has raised more than $460 million to date from investors, including General Catalyst and Altimeter Capital Management. Statsig — $1.1 billion: This product development platform, founded in 2021, last raised an $100 million Series C, valuing the company at $1.1 billion, according to Pitchbook. The company has raised around $153 million to date, from investors including Sequoia, Mardona, and ICONIQ Growth. SpreeAI — $1.5 billion: This shopping tech company last raised an undisclosed round, according to Pitchbook, that valued the company at $1.5 billion. The company, founded in 2020, has raised more than $20 million to date from investors including The Davidson Group. Function — $2.5 billion: This health tech company, founded in 2020, last raised a $200 million round, according to Pitchbook, valuing the company at $2.5 billion. The company has raised more than $250 million in funding to date, from investors including a16z. Owner — $1 billion: This restaurant marketing software company, founded in 2018, last raised a $120 million Series C, valuing the company at $1 billion, per Pitchbook. The company has raised more than $180 million in funding to date, from investors including Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital. Awardco — $1 billion: This employee engagement platform last raised a $165 million Series B, valuing the company at $1 billion, per Pitchbook. The company, founded in 2012, has raised more than $230 million in funding to date, from investors including General Catalyst. Nourish — $1 billion: This dietitian tele-health company last raised a $70 million Series B, according to Pitchbook, valuing the company at $1 billion. The company, founded in 2020, has raised more than $100 million in funding to date from investors including Index Ventures and Thrive Capital. Chapter — $1.38 billion: This Medicare guide health tech company, founded in 2013, last raised a $75 million Series D, valuing it at $1.38 billion, according to Pitchbook. The company has raised $186 million in funding to date, with investors including XYZ Venture Capital and Narya. Threatlocker — $1.2 billion: This Orlando-based data protection company last raised a $60 million Series E, valuing the company at $1.2 billion, according to Pitchbook. The company, founded in 2017, has raised more than $200 million in funding to date, from investors including General Atlantic and StepStone Group. Cyberhaven — $1 billion: This data detection company last raised a $100 million Series D in April, according to Pitchbook, valuing the company at $1 billion. The company, launched in 2015, has raised more than $200 million in funding to date, with investors including Khlosa Ventrues and Redpoint Ventures. Fleetio — $1.5 billion: This Alabama-based startup creates software to help make fleet operations easier. It last raised a $454 million Series D at a $1.5 billion valuation, according to PitchBook. It was launched in 2012 and has raised $624 million in funding to date, with investors including Elephant and Growth Equity at Goldman Sachs Alternatives. The Bot Company — $2 billion: This robotics platform last raised a $150 million early-stage round, valuing it at $2 billion, according to PitchBook. The company, which was founded in 2024, has raised $300 million to date in funding. Celestial AI — $2.5 billion: The AI company raised a $250 million Series C led by Fidelity that valued the company at $2.5 billion, per Crunchbase. The company, based in California, was launched in 2020 and counts BlackRock and Engine Ventures as investors. It has raised more than $580 million in capital to date, per PitchBook. Underdog Fantasy — $1.3 billion: The sports gaming company last raised a $70 million Series C valuing the company at $1.3 billion, according to Crunchbase. The company, founded in 2020, has raised more than $100 million in capital to date, per PitchBook. Investors include Spark Capital. Build Ops — $1 billion: This software company last raised a $122.6 million Series C, valuing it at $1 billion. Build Ops, which was launched in 2018, has raised $273 million in total, according to PitchBook, with investors including Founders Fund and Fika Ventures. Insilico Medicine — $1 billion: The drug research company raised a $110 million Series E valuing the company at $1 billion, per Crunchbase. It launched in 2014, has raised more than $500 million to date in capital, and counts Lilly Ventures and Value Partners Group as investors. Olipop — $2 billion: This popular probiotic soda company last raised a $137.9 million Series C at a $1.96 billion valuation. It was founded in 2018 and has raised $243 million to date with investors including Scoop Ventures and J.P. Morgan Growth Equity Partners. Peregrine — $2.5 billion: This data analysis and integration platform, launched in 2017, last raised a $190 million Series C with a valuation of $2.5 billion. It has raised more than $250 million in funding to date, according to PitchBook, with investors including Sequoia and Fifth Down Capital. Assured — $1 billion: The AI company helps process claims and last raised a $23 million Series B, valuing the company at $1 billion. It was launched in 2019 and has raised a little more than $26 million to date, with investors including ICONIQ Capital and Kleiner Perkins. Abridge — $2.8 billion: This medtech company, founded in 2018, last raised a $250 million Series D at a $2.75 billion valuation, per PitchBook. The company has raised more than $460 million to date in funding and counts Elad Gil and IVP as investors. OpenEvidence — $1 billion: This medtech company, founded in 2017, last raised a $75 million Series A at a $1 billion valuation, per PitchBook. The company has raised $135 million to date in funding and counts Sequoia Capital as an investor. Hightouch — $1.2 billion: The data platform, founded in 2018, last raised an $80 million Series C at a $1.2 billion valuation, per PitchBook. The company has raised $171 million to date in funding and counts Sapphire Ventures and Bain Capital Ventures as investors. Kikoff — $1 billion: This personal finance platform last raised an undisclosed amount that valued it at $1 billion, according to PitchBook. The company, founded in 2019, has raised $42.5 million to date and counts Female Founders Fund, Lightspeed Venture Partners, and basketballer Steph Curry as investors. Netradyne — $1.35 billion: Founded in 2015, this computer vision startup raised a $90 million Series D valuing it at $1.35 billion, according to Crunchbase. The round was led by Point72 Ventures. Hippocratic AI — $1.6 billion: This startup, founded in 2023, creates healthcare models. It raised a $141 million Series B, valuing it at $1.64 billion, according to Crunchbase. The round was led by Kleiner Perkins. Truveta — $1 billion: This genetic research company raised a $320 million round valuing it at $1 billion, according to Crunchbase. Founded in 2020, its investors include the CVCs from Microsoft and Regeneron Pharmaceuticals. Clay — $1.25 billion: Founded in 2017, Clay is an AI sales platform. The company raised a $40 million Series B, valuing it at $1.25 billion, according to PitchBook. It has raised more than $100 million to date and counts Sequoia, First Round, Boldstar, and Box Group as investors. Mercor — $2 billion: This contract recruiting startup raised a $100 million Series B valuing it at $2 billion. The company, founded in 2022, counts Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund as investors. Loft Orbital — $1 billion: Founded in 2017, the satellite company raised a $170 million Series C valuing the company at $1 billion, according to Crunchbase. Investors in the round included Temasek and Tikehau Capital. This post was updated to reflect what Peregine does.
TechCrunch
06-07-2025
- Business
- TechCrunch
At least 36 new tech unicorns were minted in 2025 so far
With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies like Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now worth over $1 billion. June Linear — $1.25 billion: This software development product management tool last raised an $82 million Series C, valuing the company at $1.25 billion, according to Pitchbook. The company, founded in 2019, has raised more than $130 million in funding to date from investors including Accel and Sequoia Capital. Gecko — $1.62 billion: This company makes data-gathering robotics that climb, crawl, swim, and fly. Founded in 2013, the company last raised a $121 million Series D, valuing the company at $1.6 billion, according to Pitchbook. The company has raised more than $340 million in funding to date from investors including Cox Enterprises and Drive Capital. Meter — $1.38 billion: This company, which offers managed Internet infrastructure service to enterprises, last raised a $170 million Series C, valuing the company at $1.38 billion, according to Pitchbook. The company, founded in 2015, has raised more than $250 in funding to date, from investors including General Catalyst, Sequoia Capital, Sam Atlaman, and Lachy Groom. Teamworks — This sports software company last raised a $247 million Series F, valuing the company at $1.25 billion, according to Pitchbook. The company, founded in 2006, has raised more than $400 million in funding to date from investors including Seaport Capital and General Catalyst. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Thinking Machines — This AI research company, founded just last year by OpenAI alumn Mira Murati, raised a $2 billion seed round, valuing the company at $10 billion, according to Pitchbook. The company's investors include a16z and Nvidia. Kalshi — $2 billion: The popular prediction markets company, founded in 2018, last raised an $185 million Series C, valuing the company at $2 billion, according to Pitchbook. The company has raised more than $290 million in funding to date, from investors including Sequoia and Global Founders Capital. Decagon — This customer service AI agent company, founded in 2023, last raised a $131 million Series C, valuing the company at $1.5 billion, according to Pitchbook. The company has raised more than $231 million in funding to date, from investors including a16z and Accel. May Pathos — $1.6 billion: This drug development company, founded in 2020, last raised a $365 million Series D, valuing the company at $1.6 billion, according to Pitchbook. The company has raised more than $460 million to date from investors, including General Catalyst and Altimeter Capital Management. Statsig — $1.1 billion: This product development platform, founded in 2021, last raised an $100 million Series C, valuing the company at $1.1 billion, according to Pitchbook. The company has raised around $153 million to date, from investors including Sequoia, Mardona, and ICONIQ Growth. SpreeAI — $1.5 billion: This shopping tech company last raised an undisclosed round, according to Pitchbook, that valued the company at $1.5 billion. The company, founded in 2020, has raised more than $20 million to date from investors including The Davidson Group. Function — $2.5 billion: This health tech company, founded in 2020, last raised a $200 million round, according to Pitchbook, valuing the company at $2.5 billion. The company has raised more than $250 million in funding to date, from investors including a16z. Owner — $1 billion: This restaurant marketing software company, founded in 2018, last raised a $120 million Series C, valuing the company at $1 billion, per Pitchbook. The company has raised more than $180 million in funding to date, from investors including Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital. Awardco — $1 billion: This employee engagement platform last raised a $165 million Series B, valuing the company at $1 billion, per Pitchbook. The company, founded in 2012, has raised more than $230 million in funding to date, from investors including General Catalyst. April Nourish — $1 billion: This dietitian tele-health company last raised a $70 million Series B, according to Pitchbook, valuing the company at $1 billion. The company, founded in 2020, has raised more than $100 million in funding to date from investors including Index Ventures and Thrive Capital. Chapter — $1.38 billion: This Medicare guide health tech company, founded in 2013, last raised a $75 million Series D, valuing it at $1.38 billion, according to Pitchbook. The company has raised $186 million in funding to date, with investors including XYZ Venture Capital and Narya. Threatlocker — $1.2 billion: This Orlando-based data protection company last raised a $60 million Series E, valuing the company at $1.2 billion, according to Pitchbook. The company, founded in 2017, has raised more than $200 million in funding to date, from investors including General Atlantic and StepStone Group. Cyberhaven — $1 billion: This data detection company last raised a $100 million Series D in April, according to Pitchbook, valuing the company at $1 billion. The company, launched in 2015, has raised more than $200 million in funding to date, with investors including Khlosa Ventrues and Redpoint Ventures. March Fleetio — $1.5 billion: This Alabama-based startup creates software to help make fleet operations easier. It last raised a $454 million Series D at a $1.5 billion valuation, according to PitchBook. It was launched in 2012 and has raised $624 million in funding to date, with investors including Elephant and Growth Equity at Goldman Sachs Alternatives. The Bot Company — $2 billion: This robotics platform last raised a $150 million early-stage round, valuing it at $2 billion, according to PitchBook. The company, which was founded in 2024, has raised $300 million to date in funding. Celestial AI — $2.5 billion: The AI company raised a $250 million Series C led by Fidelity that valued the company at $2.5 billion, per Crunchbase. The company, based in California, was launched in 2020 and counts BlackRock and Engine Ventures as investors. It has raised more than $580 million in capital to date, per PitchBook. Underdog Fantasy — $1.3 billion: The sports gaming company last raised a $70 million Series C valuing the company at $1.3 billion, according to Crunchbase. The company, founded in 2020, has raised more than $100 million in capital to date, per PitchBook. Investors include Spark Capital. Build Ops — $1 billion: This software company last raised a $122.6 million Series C, valuing it at $1 billion. Build Ops, which was launched in 2018, has raised $273 million in total, according to PitchBook, with investors including Founders Fund and Fika Ventures. Insilico Medicine — $1 billion: The drug research company raised a $110 million Series E valuing the company at $1 billion, per Crunchbase. It launched in 2014, has raised more than $500 million to date in capital, and counts Lilly Ventures and Value Partners Group as investors. Olipop — $2 billion: This popular probiotic soda company last raised a $137.9 million Series C at a $1.96 billion valuation. It was founded in 2018 and has raised $243 million to date with investors including Scoop Ventures and J.P. Morgan Growth Equity Partners. Peregrine — $2.5 billion: This data analysis and integration platform, launched in 2017, last raised a $190 million Series C with a valuation of $2.5 billion. It has raised more than $250 million in funding to date, according to PitchBook, with investors including Sequoia and Fifth Down Capital. Assured — $1 billion: The AI company helps process claims and last raised a $23 million Series B, valuing the company at $1 billion. It was launched in 2019 and has raised a little more than $26 million to date, with investors including ICONIQ Capital and Kleiner Perkins. February Abridge — $2.8 billion: This medtech company, founded in 2018, last raised a $250 million Series D at a $2.75 billion valuation, per PitchBook. The company has raised more than $460 million to date in funding and counts Elad Gil and IVP as investors. OpenEvidence — $1 billion: This medtech company, founded in 2017, last raised a $75 million Series A at a $1 billion valuation, per PitchBook. The company has raised $135 million to date in funding and counts Sequoia Capital as an investor. Hightouch — $1.2 billion: The data platform, founded in 2018, last raised an $80 million Series C at a $1.2 billion valuation, per PitchBook. The company has raised $171 million to date in funding and counts Sapphire Ventures and Bain Capital Ventures as investors. January Kikoff — $1 billion: This personal finance platform last raised an undisclosed amount that valued it at $1 billion, according to PitchBook. The company, founded in 2019, has raised $42.5 million to date and counts Female Founders Fund, Lightspeed Venture Partners, and basketballer Steph Curry as investors. Netradyne — $1.35 billion: Founded in 2015, this computer vision startup raised a $90 million Series D valuing it at $1.35 billion, according to Crunchbase. The round was led by Point72 Ventures. Hippocratic AI — $1.6 billion: This startup, founded in 2023, creates healthcare models. It raised a $141 million Series B, valuing it at $1.64 billion, according to Crunchbase. The round was led by Kleiner Perkins. Truveta — $1 billion: This genetic research company raised a $320 million round valuing it at $1 billion, according to Crunchbase. Founded in 2020, its investors include the CVCs from Microsoft and Regeneron Pharmaceuticals. Clay — $1.25 billion: Founded in 2017, Clay is an AI sales platform. The company raised a $40 million Series B, valuing it at $1.25 billion, according to PitchBook. It has raised more than $100 million to date and counts Sequoia, First Round, Boldstar, and Box Group as investors. Mercor — $2 billion: This contract recruiting startup raised a $100 million Series B valuing it at $2 billion. The company, founded in 2022, counts Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund as investors. Loft Orbital — $1 billion: Founded in 2017, the satellite company raised a $170 million Series C valuing the company at $1 billion, according to Crunchbase. Investors in the round included Temasek and Tikehau Capital. This post was updated to reflect what Peregine does.
New York Times
12-06-2025
- Business
- New York Times
Meter, a Networking Start-Up, Raises New Funds
As Silicon Valley has obsessed over artificial intelligence, significant attention has been paid to technology underpinning it: advanced computer chips, large language models and so on. Less has been devoted to the pipes that help deliver A.I. — networking equipment. But that has been changing, as companies and investors see the potential of improving relatively prosaic equipment like switches and access points to supercharge A.I. offerings. The latest sign is that Meter, a San Francisco-based start-up that sells packages of networking equipment, plans to announce on Thursday that it has raised $170 million at a valuation of more than $1 billion. The round, which was led by the venture capital firm General Catalyst and includes backing from the likes of Microsoft and Sequoia Capital, is further evidence that for many in Silicon Valley, networking is becoming a hotter investment focus. 'Networking is an overlooked, yet crucial, aspect of the world's tech infrastructure,' said Hemant Taneja, General Catalyst's chief executive, who led the firm's investment in Meter. 'Networking spend is expected to grow massively in the next few years because of A.I. needs, and yet current networks are one of the biggest blockers' to growing A.I. computing power. To be fair, networking is already a big business: Cisco, the heavyweight in the field, has a $254 billion market capitalization, while Arista Networks has a $118 billion market cap. Those incumbents haven't been standing still either, with Cisco announcing this week that it was introducing a new generation of switches to keep up with huge data flows from A.I. services. But Meter has drawn significant support — among its early backers were Sam Altman of OpenAI; Reid Hoffman, the LinkedIn co-founder; and Diane Greene, the former Google Cloud chief executive — with its promise of a new business model for the networking business. Want all of The Times? Subscribe.
