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Yesterday β€” 13 November 2024Main stream

Firefly Aerospace rakes in more cash as competitors struggle for footing

13 November 2024 at 17:20

Firefly Aerospace, a Texas-based company resurrected from bankruptcy, is riding high these days. In a few months, Firefly will attempt to become the second company to safely place a commercial lander on the Moon. Firefly's Alpha rocket has reached orbit four times, and engineers are developing a larger medium-class rocket in partnership with Northrop Grumman, one of the largest US aerospace and defense contractors.

There's also an orbital transfer vehicle, named Elytra, in Firefly's diversified portfolio. This diversification is proving attractive to investors. Firefly announced Tuesday that it completed a $175 million Series D fundraising round, resulting in a valuation of more than $2 billion. This follows a banner year of fundraising in 2023, when Firefly reported investors funneled approximately $300 million into the company at a valuation of $1.5 billion.

"Firefly is extremely grateful for our existing and new investors whose support demonstrates a huge vote of confidence in our capabilities and future," said Jason Kim, who took over as the company's CEO in October. He replaced Bill Weber, who resigned as chief executive after reports of an alleged inappropriate relationship with a female employee.

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Β© Firefly Aerospace/Trevor Mahlmann

Fitbit’s kids smartwatch gets family group chats

13 November 2024 at 15:00

Fitbit’s Ace LTE, the smartwatch designed for ages 7+, is introducing new features to help families stay connected and get active together.Β  On Wednesday, Fitbit announced a slew of new features, including group chats, family quests, a new mini-game, and two new watch faces. There’s also a new direct message feature for siblings to text […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Before yesterdayMain stream

Roblox adds safety measures to ban kids under 13 from social spaces and other experiences

7 November 2024 at 18:47

Throughout the years, several reports have accused Roblox, the popular gaming platform aimed at preteens, of lacking strict safety protocols for children, which exposes them to dangers such as grooming, explicit content, and violent or abusive material. In a significant update to its safety policy, Roblox plans to keep users under the age of 13 […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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