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Teradar raises $150M for a sensor it says beats lidar and radar

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Matt Carey, the co-founder and CEO of Boston-based startup Teradar loves when people tell him: “I don’t believe you.”

That’s “right where we want folks,” he recently told TechCrunch.

Carey has spent the last few years quietly building a solid-state sensor that sees the world using the terahertz band of the electromagnetic spectrum, which sits between microwaves and infrared. It essentially combines the best traits of radar sensors — like no moving parts and the ability to pierce rain or fog — with the higher definition afforded by laser-based lidar sensors.

It’s a product that’s never been done at this scale before, so people are understandably skeptical when Carey explains his work. A long-range, high-resolution sensor that’s also affordable? It just sounds too good to be true.

It’s usually at this point that Carey gives them a demo, like at this past year’s Consumer Electronics Show in Las Vegas. There was Carey, outside the Westgate hotel, aiming an early version of the Teradar sensor at crowds of people as reps from some of the biggest automakers watched it parse the scene in real time.

“They almost didn’t believe it until they got to play with it,” he said. “I’ve never raised money without, like, spending a lot of time in a demo of people trying to break it. And that’s how it should be, right?”

Carey’s demos — and the tech itself — helped him lock down a $150 million Series B funding round from investors like Capricorn Investment Group, Lockheed Martin’s venture arm, mobility-focused firm IBEX Investors, and VXI Capital, a new defense-focused fund led by the former CTO of the U.S. military’s Defense Innovation Unit.

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Teradar claims to already be working with five top automakers from the U.S. and Europe to validate the tech, and expects to win a contract to put the company’s sensors in a 2028-model vehicle — meaning it will need to be ready to go in 2027. Teradar is also working with three Tier 1 suppliers, which he said the company will lean on for manufacturing.

The near-term goal for Teradar is for automakers to use its sensors to power advanced driver assistance and even self-driving systems. The “modular terahertz engine,” as the sensor is officially known, can be customized to fit any of those applications, and Carey said the price will fall somewhere between a radar and a lidar. (Think a few hundred dollars, not a few thousand.)

“How do we get the sensor on every single vehicle? I drive a Ford Focus, and there’s zero chance you’re putting a $1,000 lidar” on that, Carey said.

Carey said he was inspired to start Teradar after a friend of his died in a car crash.

“It was one of those weird corner cases where, between the sun, and the fog, it couldn’t have been solved by any existing sensor,” he said. In a situation like that, where there’s lots of glare, cameras typically struggle. Lidar would also be challenged because of the fog. And radar can only help so much with its typically-lower resolution.

Carey had already been in talks to go work for an automaker, and was thinking about autonomous vehicle tech. In 2021, he started talking to his co-worker Gregory Charvat, the CTO of spatial sensor and intelligence company Humatics, about this apparent problem.

“[Charvat] was like, ‘you know, I’ve always wanted to be able to image at terahertz,’” Carey said. Shortly after, they started Teradar, with MIT’s The Engine nonprofit incubator leading its seed round.

There could be other applications for Teradar’s sensor, like in the defense sector. There’s clearly interest there based on who on the company’s cap table. For now, Carey said the company is almost entirely focused on the automotive business.

Carey admits he’s not the first to try to leverage the terahertz part of the spectrum; there’s been a litany of academic research, and some attempts to commercialize the tech before. But a lot of that has been focused around industrial or security applications.

He said recent advancements in the silicon industry combined with a focused team of experts — including his third co-founder Nick Saiz, who Carey boasted is “the world’s best terahertz chip designer, bar none” — has allowed them to move quickly and woo big automakers.

That doesn’t mean it’s been easy, though.

“It’s very difficult to get their attention, it’s very difficult to get their dollars, and it’s very difficult to get their test track time,” he said. “The fact that they’ve unlocked all of those things for us means a big deal.”

In other words: now they believe him.

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Waymo starts autonomous testing in Philadelphia

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Waymo is adding another four cities to its growing list of robotaxi rollouts. The company announced Wednesday it has begun testing its autonomous vehicles (with a safety monitor) in Philadelphia, and that it will start manual driving to collect data in Baltimore, St. Louis, and Pittsburgh.

Waymo did not offer a timeline for when it plans to launch commercial services in those locations, nor do we know whether the Alphabet-owned company will partner with other companies to operate robotaxis in each one. That has been the move in cities like Atlanta and Austin, for example, where Waymo has partnered with Uber to advance its robotaxi rollout.

But the new locations join a list of over 20 cities where the company is either offering rides, prepping a commercial launch, or testing. Waymo is also now offering rides on freeways in Los Angeles, Phoenix, and the San Francisco Bay Area. The company plans to be doing one million rides per week by the end of 2026.

Waymo has done all this while claiming to be operating at a level five times safer than humans, according to data the company recently released.

But the expansion has not come without its issues. The National Highway Traffic Safety Administration is investigating how the company’s vehicles operate near school buses, after a Waymo was filmed driving around a stopped bus in Atlanta in September.

This week, Austin news outlet KXAN published a report showing Waymo’s vehicles have driven past school buses that were in the process of unloading or loading children multiple times — including after Waymo claims to have shipped software updates to address the problem.

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Spotify Wrapped 2025 adds its first multiplayer feature with ‘Wrapped Party’

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Spotify Wrapped is back. After last year’s widely criticized flop that included an AI podcast as its highlight, the streamer’s highly anticipated annual review feature has returned to its roots. This year, Spotify is doubling down on what it knows works best: deep dives into your streaming data, creative experiences, messages from favorite artists, and other social features.

The company claims that Wrapped 2025 is its biggest, as it’s introducing nearly a dozen new features in addition to its old standbys, like top songs and artists. Plus, it’s offering more visibility into users’ data than in years past. For the first time, Spotify Wrapped is adding a live multiplayer feature to compare your listening data with friends.

Wrapped Party, Wrapped’s first live interactive experience, allows you to invite up to nine friends to compare listening stats.

Image Credits:Spotify

Also new this year, your Top Songs Playlist will include the play counts for each of the top songs, so you can actually see how much time you spent with your favorite tracks.

Other standout features this year include an interactive Top Song Quiz, a Listening Age feature, and Wrapped Clubs, which match you to one of six unique listening styles.

The company believes these additions will not only bring back the personalized, engaging experience that users have long expected from Wrapped, but will take it a step further by making it more interactive than before.

In the Top Song Quiz, for instance, you can try to guess which top song soundtracked your year before seeing the results.

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Image Credits:Spotify

The new interactive Wrapped Party feature isn’t just about comparing the personal streaming data you’ve already received to your friends’ data, as that’s something people already do on social media. Instead, the feature presents unique data stories for your group, like who’s the “most obsessed fan,” the “early bird,” the most “picky listener,” or even something as nice as the “dinner table explainer,” meaning the person who listens to the most news podcasts.

Image Credits:Spotify

Spotify says these awards update dynamically every time you join a Wrapped Party, so no two sessions are ever the same — even if you run through them again with the same group of friends.

The new Wrapped Clubs, meanwhile, will group you into one of half a dozen listening styles, like the “Soft Hearts Club,” the “Club Serotonin,” the “Full Charge Crew,” the “Cosmic Stereo Club,” and others. You’ll also receive a role in the club based on your listening data. You might be a club leader if your listening choices strongly matches the club’s values, a scout if you’re always seeking out new releases, or an archivist if you listen to music from past eras.

Image Credits:Spotify

Another feature, Listening Age, compares your 2025 music listening to others in your age group. To calculate your age, the feature considers the release years of the tracks you listen to most. From there, it identifies the five-year span of music that you engaged with more than other listeners your age.

Image Credits:Spotify

As in prior years, you’ll see your top songs, top artists, top genres, and, for the first time, top albums. If you engaged with audiobooks and podcasts, you’ll see metrics for those as well. Artists, writers, and podcasters will have their own version of Wrapped as before. And top fans will again receive video messages from their favorite artists, podcasters, and, now, authors.

You’ll also receive a playlist of your top songs of the year, as before.

Image Credits:Spotify

What you won’t find in this year’s Wrapped is any feature that advertises it was made with AI.

In a press briefing on Tuesday, Spotify’s Senior Director of Global Marketing, Matt Luhks, admitted the company received a “lot of feedback” about its 2024 AI-focused Wrapped experience, saying it was a “mix of positive and ‘more constructive feedback,’” despite the feature driving more engagement than prior years.

“We take all of that in. We use that as information, insights, [and] inspiration for how we approached Wrapped this year,” he said in a press event ahead of today’s launch.

“What our users tell us about Wrapped means a lot to us, so it was really informative in how we approached Wrapped this year. And what we tried to build was the most creative, most innovative, most engaging Wrapped ever,” he added, setting a high bar for the 2025 edition of the now 11-year-old annual year-in-review feature.

“We’re the original and, we believe, still the best,” Luhks said.

Image Credits:Spotify

Still, AI was a part of the Wrapped experience. Though the company claims the overall experience was not made with AI, it does leverage a LLM (large language model) to add a storytelling layer to Wrapped’s facts and figures, and natural language summaries in other parts of its experience, looking back on your data.

Spotify’s attempt to fix Wrapped after a notable stumble comes as the streamer faces increased competition from Apple, Amazon, YouTube, and others, which have all launched their own annual review features, inspired by Wrapped.

“Everyone seems to have their own version of Wrapped. Now, there’s a lot of reviews and replays and rewinds out there, but we believe that Wrapped still sets the bar for these year-end recaps,” Luhks said.

Along with the consumer experience, Spotify shared its top artists, songs, albums, podcasts, and audiobooks for the year, with top winners that included, respectively, Bad Bunny (top song and album), Joe Rogan (“The Joe Rogan Experience” podcast), and Rebeca Yarros (author of “Fourth Wing”).

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Nothing looks to its community to raise $5M, wants to be ‘IPO-ready’ in 3 years

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Hardware maker Nothing is letting its user base buy its stock as part of a new community investment round of $5 million. The new round, which opens on December 10, will enable consumers to buy the company’s shares at its Series C valuation of $1.3 billion.

The company said it has so far raised $8 million in total from over 8,000 people across two previous community investment rounds. It held its first community funding event in 2021, aiming to raise $1.5 million.

“This isn’t about raising capital, it’s about giving our community/fans a chance to invest while we’re private and join us on the journey,” a spokesperson for Nothing told TechCrunch.

Community investors have a rotating seat on the company’s board, but it is unclear what else they get for investing in the company through such rounds.

Nothing raised $200 million in its Series C back in September from investors including Tiger Global, GV, Highland Europe, EQT, Latitude, I2BF and Tapestry. The company has raised $450 million to date.

The community round comes as Nothing makes changes to its corporate structure as it tries to increase its share of a smartphone market dominated by giants like Samsung and Apple. The company is spinning off its budget CMF brand, and plans to explore AI-centric devices while it keeps building smartphones and audio products. And Nothing claims it crossed $1 billion in cumulative revenue this year, up 150% from 2024.

The startup is working to be “IPO-ready” in three years, CEO Carl Pei told TechCrunch in an email. “The timing will depend on market conditions and what makes sense for the business at that point in time,” he said.

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“What’s important is that we’re already operating with that discipline now. We’re building the systems, the governance, the financial discipline that a public company needs. It forces us to think longer-term and make smarter decisions that prioritise sustainable growth,” Pei added.

It’s not clear if Nothing aims to raise another round before an IPO. When asked about its fundraising plans, a Nothing spokesperson said the company is not thinking about raising capital immediately, but it wouldn’t be averse to those conversations.

Those interested in investing in the community round can use platforms like Wefunder and Crowdcube to participate.

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