Robotics startup cofounded by Synapse CEO is raising funds with exaggerated promises about GM ties

Essential Points

A humanoid robotics startup cofounded by the CEO of bankrupt fintech organization Synapse has canvassed Silicon Valley investors for cash by boasting shut ties and an imminent expenditure from Typical Motors — statements turned down by the automaker.
The company, termed Foundation Robotics Labs, is seeking the final $1 million in money for an $11 million seed spherical, according to paperwork attained by CNBC. The investor pitch claimed GM experienced currently fully commited to an financial investment, together with the Menlo Park-primarily based VC business Tribe Capital.
But, in accordance to GM and 1 of the startup’s founders, most of Foundation’s claims linked to the automaker are exaggerated or untrue.

Supply

Finance

Stocks making the biggest moves midday: Chevron, Hims and Hers, Xenon Pharma, Vertiv and more

March 9, 2026

Check out some of the companies making the biggest midday moves: Oil stocks – Oil stocks briefly traded higher as the commodity surged as the Iran War showed no sign of abating. U.S. crude briefly topped $110 per barrel overnight, hitting levels not seen since mid-2022. Chevron earlier hit an all-time high, Talos Energy at […]

Finance

Three bear markets in stocks were caused by oil shocks — Here’s how long they lasted

March 9, 2026

Source

Finance

Stocks making the biggest moves premarket: Hims & Hers Health, oil stocks, Live Nation Entertainment & more

March 9, 2026

Check out the companies making headlines before the bell. Oil stocks – Oil stocks traded higher as the commodity surged due to the ongoing Iran War. U.S. crude briefly topped $110 per barrel overnight, hitting levels not seen since mid-2022. Talos Energy rose 5%, while Northern Oil and Gas and ConocoPhillips gained 3% and 2%, […]