Recapping this week in startups

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August 14, 2026

 

TechCrunch Top 3

Phoebe Gates and Sophia Kianni reportedly knew Phia was 'cookie stuffing' for months

Phoebe Gates and Sophia Kianni reportedly knew Phia was 'cookie stuffing' for months: Phia, the shopping startup co-founded by Phoebe Gates and Sophia Kianni, is once again under fire for its alleged business practices. Read More

This former notorious red-light district is now one of the world’s top AI hubs: More than 20 years ago, King's Cross was one of the seediest area's in London. Now it's sprouting something new. Read More

India's Yulu raises $93M as quick-commerce boom fuels e-bike demand: Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases. Read More

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Must-Reads

Investors sue Selena Gomez alleging fraud tied to her mental health startup

Investors sue Selena Gomez alleging fraud tied to her mental health startup: The plaintiffs say they invested nearly $1.2 million in the company, and are accusing Gomez of failing to build and market the startup. Read More

Kog is going deeper to squeeze more inference out of GPUs: The idea that GPUs are poorly suited for agentic workflows may be a misconception, according to French startup Kog. Read More

Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.: AI is expensive, Ali Ghodsi tells TechCrunch. With so many investors wanting into his latest round, he said yes to more than planned. Read More

Tech industry is buzzing after a Claude agent hacked into a gym: An OpenClaw agent hacked into a gym's reservation system to bump its human boss higher on a class' waitlist. And the tech industry took notice. Read More

AI coding startup Cognition reportedly already in talks to raise at $40B valuation: Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation. Read More

 

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Last but Not Least

How a $250 million acquisition collapsed into allegations of fraud and forged signatures

How a $250 million acquisition collapsed into allegations of fraud and forged signatures: Investors are still waiting for their share of the $250 million windfall, and VideoVerse co-founder Vinayak Shrivastav is now at the center of multiple legal cases. Read More

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