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Snapchat now has more than 2 million paid subscribers | Ivan Mehta | 2,023 | 1 | 31 | Snapchat has on its Snapchat+ program, the company said during its latest earnings report. Snap noted that the paid plan, which costs $3.99 a month, is a part of “diversifying” its revenue pipelines. The social network first launched in June 2022 in countries like the U.S., Canada, the U.K., France, Germany, Austra... |
Peacock kills its free tier option for new customers | Aisha Malik | 2,023 | 1 | 31 | Peacock is no longer offering its free tier to new customers, a spokesperson for NBCUniversal confirmed to TechCrunch on Tuesday. The company says it’s shifting its focus to its Premium offering and that doing so will allow the streaming service to remain competitive in the marketplace. The change was first reported by... |
OpenAI releases tool to detect AI-generated text, including from ChatGPT | Kyle Wiggers | 2,023 | 1 | 31 | After telegraphing the move in , OpenAI has a tool that attempts to distinguish between human-written and AI-generated text — like the text produced by the company’s own and models. The classifier isn’t particularly accurate — its success rate is around 26%, OpenAI notes — but OpenAI argues that it, when used in... |
Energy X secures $20M at $120M valuation to slash building sector emissions | Kate Park | 2,023 | 1 | 31 | , — Energy X was founded in 2019 by co-CEOs Sean Park and Tom Hong. That’s when the duo pivoted from their first startup — a sustainable architecture crowdfunding platform, called Xquare. “Most building owners are not experts in building management, and they don’t know how to use it because building energy manageme... |
Egyptian financial services provider MNT-Halan valued at $1B in $400M funding | Tage Kene-Okafor | 2,023 | 1 | 31 | Egyptian fintech and e-commerce ecosystem has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country. The round includes $260 million in equity financing and $140 million through two securitized bo... |
Daily Crunch: Cell network provider Google Fi confirms customer data breach | Christine Hall | 2,023 | 1 | 31 | As January is coming to a close, the TechCrunch team is firing on all cylinders (do we still say that, in a time of electric cars? What is a better expression these days?), with a wall of amazing content for you to download straight into your brain. We’ve picked the cream of the crop, even as we are further confused as... |
Tesla records $204M loss from bitcoin in 2022 | Rebecca Bellan | 2,023 | 1 | 31 | Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory . The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. during the first quarter of 2021, stating that it believed in the longevity of the cryptoc... |
DOJ requests Autopilot, FSD documents from Tesla | Rebecca Bellan | 2,023 | 1 | 31 | The U.S. Department of Justice has asked Tesla for documents related to its branded Full Self-Driving and Autopilot advanced driver-assistance systems, the automaker disclosed in a securities filing. Tesla said it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features. . . . T... |
Spotify’s test of a Friends tab on mobile hints at expanded social ambitions | Sarah Perez | 2,023 | 1 | 31 | Spotify’s success with , designed for social sharing, may be pushing the company toward building more social experiences directly into its mobile app. The company for many months has been testing different iterations of a “friends activity” tab on its mobile app, and investors have now taken notice. During the streame... |
Meta starts testing ‘members-only worlds’ in Horizon Worlds | Aisha Malik | 2,023 | 1 | 31 | Meta is starting to test closed spaces called “members-only worlds” in Horizon Worlds, its social VR experience. The company has begun a limited alpha test to give creators the ability to grow and moderate their own communities. Meta has selected a small group of creators to build and obtain feedback about members-only... |
GM invests $650M in lithium mining to lock down EV raw materials | Kirsten Korosec | 2,023 | 1 | 31 | General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key components needed to produce millions of EVs. The investment in raw materials for batteries is the biggest to date, acc... |
TechCrunch+ roundup: SaaS spending squeeze, tax time tips, freemium frameworks | Walter Thompson | 2,023 | 1 | 31 | If you thought egg prices were out of control, the SaaS inflation rate is outpacing the rest of the economy. In the U.S., SaaS expenses are growing 3.5x faster than market inflation. In Australia and the U.K., that rises to 5x, according to Eldar Tuvey, founder and CEO of Vertice. “If cutting SaaS costs is a top priori... |
Avoiding the pitfalls of OnlyFans with Rosie Nguyen from Fanhouse | Rebecca Szkutak | 2,023 | 1 | 31 | Welcome back to Found, where we get the stories behind the startups. This week, and catch up with , the co-founder and CCO of , a startup that helps content creators monetize their work. Rosie talked about her initial reluctance to become an entrepreneur but how issues at other content platforms pushed her to lau... |
Thrive Capital believed to be leading new multibillion-dollar investment in Stripe | Mary Ann Azevedo | 2,023 | 1 | 31 | Founded by Irish brothers John and Patrick Collison (the CEO), Stripe has raised more than $2.2 billion in funding since its 2010 inception from investors such as Allianz (via its Allianz X fund), Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, General Catalyst, Base Partners, GV and an i... |
Precision Neuroscience is making brain implants safer, smarter and reversible | Devin Coldewey | 2,023 | 1 | 31 | Brain researchers have relied on devices called microelectrode arrays for decades, but the technology behind these tools is increasingly outdated. Precision Neuroscience is building a modern alternative that’s not only an order of magnitude better, but far less invasive to put in. With a in the bank, they’re all set ... |
Teal unwraps $8.8M to build out a telehealth platform for women — starting with cervical cancer screening | Natasha Lomas | 2,023 | 1 | 31 | Female-focused telehealth startup, , is popping up today to announce an $8.8 million seed round with a roster of heavy hitting investors on board — including (Serena Williams’) Serena Ventures, ( Metrodora Ventures, and (Laurene Powell Jobs’) Emerson Collective. The February 2020-founded San Francisco-based startup’s ... |
Superstrata e-bike review: Rebel without a cause | Taylor Hatmaker | 2,023 | 1 | 31 | specimen — there’s no two ways about it. The bike’s concept, borne out in seamless 3D-printed carbon fiber, springs from an equally strange premise. We’ll get into that. Talking to , Superstrata’s bike was crafted not out of a love of cycling, the hunt for a climate-friendly urban transportation solution or any tradi... |
Practice your startup pitch on TechCrunch Live with Benchmark and Cambly | Matt Burns | 2,023 | 1 | 31 | TechCrunch Live is back! The weekly show , and we’re excited to bring back a popular segment. Called Pitch Practice, it should be self-explanatory. Participants have a chance to practice their pitch by presenting to another founder and investor. This show’s guests are fantastic too. You want their feedback on your pit... |
Privacy assistant Jumbo tears down its paywall | Romain Dillet | 2,023 | 1 | 31 | , an app that lets you control your privacy on the web, is hitting the reset button — sort of. While the company is still focused on privacy and security, users can now download and use all features for free as the premium subscription is gone. In addition to this pricing update, Jumbo’s newest version now includes fre... |
How to cut your SaaS spending by 30% in 2023 | Eldar Tuvey | 2,023 | 1 | 31 | of affairs paints a concerning picture for SaaS buyers. Our data shows that the SaaS inflation rate is around than the general market inflation rate. Specifically, SaaS expenditure in the U.K. and Australia is currently growing at a rate five times higher than market inflation — and in the U.S., a substantial 3.5 ti... |
When to build a freemium plan and how to get it right | Konstantin Valiotti | 2,023 | 1 | 31 | users go through when using your product directly affects how the product is evaluated and how it is perceived. The business model you choose strongly influences the entire funnel, enabling or preventing you from engaging certain types of users. This article will examine whether the freemium model is right for your bu... |
What do recent changes to state taxes mean for US SaaS startups? | Ardy Esmaeili | 2,023 | 1 | 30 | a majority of businesses plan to fully adopt software as a service (SaaS) by 2025, and if the past is any indicator, that means state legislatures are working hard to capture revenue from this new sales stream. As with many U.S. laws and regulations, tax laws regarding SaaS and continue to evolve. Currently, some st... |
Peacock tops 20M subscribers in Q4 as losses widen | Lauren Forristal | 2,023 | 1 | 26 | Comcast-owned streaming service Peacock had its best quarterly result since its 2020 , adding five million paying subscribers in its to bring the total to 20 million, up from the in the previous quarter. In Q1 2021, Peacock had 9 million paid users. Peacock gets much of its success from its sports programming. The... |
Where should sales sit in product-led companies? | Anna Heim | 2,023 | 1 | 28 | Product-led sales is a model in which the product, not traditional marketing, helps companies understand who might be their next big customer. Think of a freemium dev tools company, for instance: Instead of tracking which CTO downloaded their latest white paper, they look for organizations that already have dozens of e... |
Elon Musk is being investigated by the SEC for Tesla self-driving claims, report says | Darrell Etherington | 2,023 | 1 | 27 | Tesla CEO Elon Musk is facing scrutiny by the U.S. Securities and Exchange Commission (SEC) regarding his specific comments and efforts to promote the automaker’s claims regarding its “self-driving” capabilities, . The SEC investigation into Musk is part of its overall efforts to determine whether Tesla has run afoul ... |
Tesla engineer testifies that 2016 video promoting self-driving was faked | Rebecca Bellan | 2,023 | 1 | 17 | Tesla faked a 2016 video promoting its self-driving technology, according to testimony by a senior engineer reviewed by . The video, which shows a Tesla Model X driving on urban, suburban and highway streets; stopping itself at a red light; and accelerating at a green light is still on and carries the tagline: “The ... |
T-Mobile says hacker accessed personal data of 37 million customers | Lorenzo Franceschi-Bicchierai | 2,023 | 1 | 19 | In a financial filing on Thursday, T-Mobile revealed that a hacker accessed a trove of personal data belonging to 37 million customers. The telecom giant said that the “bad actor” started stealing the data, which includes “name, billing address, email, phone number, date of birth, T-Mobile account number and informatio... |
Musk oversaw misleading 2016 video saying Tesla drove itself | Rebecca Bellan | 2,023 | 1 | 19 | Musk published a on Tesla’s website on October 19, the day before the went up, that said all Tesla cars from that day forward would ship with the hardware necessary for full self-driving capability. His emails to staff that month discussed the importance of a demonstration drive to promote the system. Musk’s direct... |
Google Fi says hackers accessed customers’ information | Carly Page | 2,023 | 1 | 31 | Google’s cell network provider has confirmed a data breach, likely related to the recent at T-Mobile, which allowed hackers to steal millions of customers’ information. In an email sent to customers on Monday, obtained by TechCrunch, Google said that the primary network provider for Google Fi recently informed the ... |
Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back | Jacquelyn Melinek | 2,023 | 1 | 31 | access to your money when the crypto firm holding your assets filed for bankruptcy, then you’re probably out of luck getting it back. As Chapter 11 bankruptcy proceedings move forward for several big-name crypto companies, those who lost funds are surely hoping to get all — or at least some — of their money back. Lawy... |
Apple HomePod (2023) review | Brian Heater | 2,023 | 1 | 31 | dark night of the . A few years back, the — and, frankly, why not? We’ve smartened our phones and watches. Why shouldn’t our homes be the next step? For decades, many looked longingly at home automation. Smart blinds that opened with your alarm clock might as well have been magic — or, at the very least, the domain... |
NetApp, a specialist in cloud data management, says it will lay off 8%, or around 960 people, citing economic climate | Ingrid Lunden | 2,023 | 1 | 31 | , one of the big players in cloud data management, today that it would lay off 8% of its staff, citing “macroeconomic challenges and the reduced spending environment” in the current market. The company is estimated to employ about 12,000 people globally, so this will work out to around 960 people impacted. NetApp sai... |
Stripper Web, a 20-year-old forum for sex workers, is shutting down. No one knows why. | Amanda Silberling | 2,023 | 1 | 31 | people on the internet who don’t want to be found. That seems to be the case for the elusive, mysterious owner of Stripperweb, a 20-year-old forum for exotic dancers and sex workers. With just one week of advance notice, the forum’s unknown owner announced that the website will shut down on February 1, erasing the dec... |
InstaDeep’s acquisition is a classic case of an African startup gone global | Tage Kene-Okafor | 2,023 | 1 | 31 | largest vaccine maker BioNTech announced that it had Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment. InstaDeep’s deal — subject to regulatory approval and expected to close in the first half of this year — is quite intr... |
Entocycle grabs $5 million for its insect breeding technology | Romain Dillet | 2,023 | 1 | 31 | Even if insects don’t sound appealing to you, black soldier flies could play an essential role in the food chain in the coming years. In particular, these flies’ larvae can become an important source of proteins for livestock and fish. That’s why is raising another $5 million in a Series A funding round led by , a E... |
Fairphone nabs $53M in growth capital for ‘sustainable’ consumer electronics | Natasha Lomas | 2,023 | 1 | 31 | Dutch social enterprise , which makes modular and — the claim is — more sustainable and ethical consumer electronics, has nabbed a chunk of funding to continue scaling a circular-economy-aligned smartphone business. The €49 million (~$53 million) “growth capital” investment — from an international consortium of impact... |
As NYC public schools block ChatGPT, OpenAI says it’s working on ‘mitigations’ to help spot ChatGPT-generated text | Kyle Wiggers | 2,023 | 1 | 5 | New York City public schools have restricted access to , the AI system that can generate text on a range of subjects and in various styles, on school networks and devices. As this morning and confirmed to TechCrunch by a New York City Department of Education spokesperson, the restriction was implemented due to con... |
Why Africa had no unicorns last year despite record fundraising haul | Tage Kene-Okafor | 2,023 | 1 | 12 | scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billion and $5 billion and produced five unicorns. In my piece this progress, I predicted there would be more unicorns in 2022. Those predictions proved to be way off the mark by year’s end. Data from market insights tra... |
TBD Health is rolling out at-home sexual healthcare to all US states | Haje Jan Kamps | 2,023 | 1 | 31 | Reproductive rights is a hot-button topic for much of the political spectrum in the U.S. Against that backdrop. is not-so-quietly making patient-focused and inclusive sexual healthcare available and accessible to everyone in the U.S., as it raises a $4.4 million round to scale up further. “At a time when women’s righ... |
The Team Slide is the most important slide in a startup pitch deck | Haje Jan Kamps | 2,023 | 1 | 31 | graduates and becomes a “real” company, with hundreds of employees and the first inklings of large amounts of revenue, you could argue that a Team Slide is less important. Yes, the top leadership team still has to be good, but if the company is growing rapidly, getting new customers and delivering a good product, it’s... |
Plugable’s new dock turns your tablet or phone into a workstation | Haje Jan Kamps | 2,023 | 1 | 31 | Laptops and tablets are getting better and more powerful by the day but our fingers aren’t getting any more precise, and for extended writing and work, it’s still more helpful to have a keyboard and a larger screen at hand. These types of products , but what’s new about ‘s offering is the sleek portability and build ... |
Would Baidu’s answer to ChatGPT make a difference? | Rita Liao | 2,023 | 1 | 31 | Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by and , sent Baidu’s stock price rising on Monday to reach its highest point since September. A spokesperson for Baidu declined to comment on the reports. But it wouldn... |
Instagram’s co-founders introduce a new social app…for news reading | Sarah Perez | 2,023 | 1 | 31 | Can lightning strike twice? That’s apparently the question being raised today with the public introduction of the next social app built by Instagram’s co-founders, Kevin Systrom and Mike Krieger. The duo have launched a new venture to explore social apps, according to a report published in , which includes the debut p... |
Big changes coming for GDPR enforcement on Big Tech in Europe? | Natasha Lomas | 2,023 | 1 | 31 | Big Tech take note: In what looks like a meaningful — and long overdue — reforming step, the European Commission has committed to dial up its monitoring of how data protection authorities at the EU Member State level enforce the bloc’s flagship data protection rules — committing to regular checks on “large scale” Gener... |
Groupon cuts another 500 employees in second round of layoffs | Ivan Mehta | 2,023 | 1 | 30 | Groupon has laid off another 500 employees in a bid to cut costs, the company said in last week. The e-commerce company — nearly 15% of its workforce then — in August 2022. The company said this new set of layoffs will be spread across the first two quarters of this year. “On January 25, 2023, the Board of Director... |
Hotai Motor exposed thousands of iRent customer documents | Zack Whittaker | 2,023 | 1 | 30 | Taiwanese automotive conglomerate Hotai Motor exposed reams of personal customer data from its car rental and carshare unit, iRent, until a security researcher found the data online last week. Even then, it took the company a week — and the intervention of the Taiwanese government — to act. Hotai Motor is one of the la... |
Stripe’s internal valuation gets cut to $63 billion | Natasha Mascarenhas | 2,023 | 1 | 11 | Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, , puts Stripe’s internal per-share price at $24.71, down 40% since peaking. The 11% cut comes after an internal valuation , which va... |
Stripe eyes an exit over next 12 months | Mary Ann Azevedo | 2,023 | 1 | 26 | Fintech startup has set a 12-month deadline for itself to go public, either through a direct listing, or pursuing a transaction on the private market, such as a fundraising event and a tender offer, according to sources familiar with the matter. The news, as first reported by the , comes as a surprise considering th... |
What’s Stripe’s deal? | Mary Ann Azevedo | 2,023 | 1 | 29 | The big news in fintech this week revolved around payments giant . On January 26, my co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had for itself to go public, either through a direct listing or by pursuing a transaction on the private market, such as ... |
Backed by Tiger Global, Mayfair emerges from stealth to offer businesses a higher yield on their cash | Mary Ann Azevedo | 2,023 | 1 | 13 | ,” said Chopra, Factored Quality Mayfair |
Netflix founder Reed Hastings steps down as co-CEO | Taylor Hatmaker | 2,023 | 1 | 19 | Netflix founder and co-CEO Reed Hastings announced Thursday that he would step down after more than two decades at the company. While news of his departure comes as a shock, Hastings noted that Netflix has planned its next era of leadership “for many years” in the which was shared on the company’s blog. In , who has... |
DCG’s crypto-lending subsidiary Genesis files for Chapter 11 bankruptcy | Jacquelyn Melinek | 2,023 | 1 | 19 | Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group ( ), filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. Genesis Global Holdco and two of its lending business subsidiaries, Genesis Global Capital and Genesis Asia Pacific, filed vo... |
Elon Musk’s Twitter hit with Holocaust denial hate speech lawsuit in Germany | Natasha Lomas | 2,023 | 1 | 25 | Twitter owner and self-proclaimed “ ” Elon Musk is facing a legal challenge in Germany over how the platform handles antisemitic hate speech. The , which was filed yesterday in the Berlin regional court by HateAid, a group that campaigns against hate speech, and the European Union of Jewish Students Holocaust denial ... |
Meta dodged a €4BN privacy fine over unlawful ads, argues GDPR complainant | Natasha Lomas | 2,023 | 1 | 19 | A announced earlier this month in the European Union — for running behavioral ads on Facebook and Instagram in the region without a valid legal basis — was several billion dollars smaller than it should have been, and orders of magnitude too tiny to be a deterrent for others going big on breaking the bloc’s privacy l... |
Tesla delivers 405,278 vehicles in Q4, missing Wall Street expectations | Rebecca Bellan | 2,023 | 1 | 2 | Tesla Monday that 405,278 vehicles were delivered in the fourth quarter of 2022. While the automaker hit a record number of deliveries, it came in shy of Wall Street’s expectations of around 420,000 to 425,000 units delivered. The electric vehicle company also reported total production of 439,701 vehicles in the four... |
Musk stands to lose billions in trial over ‘funding secured’ tweet | Rebecca Bellan | 2,023 | 1 | 18 | The question of whether Tesla CEO Elon Musk is a fraud or is just too careless with his words took center stage in a San Francisco court room Wednesday. Under the microscope was Musk’s notorious 2018 tweet that stated funding was “secured” to take Tesla private at a potential value of . In a class-action lawsuit that’... |
Spotify’s third-party billing option has now reached over 140 global markets | Sarah Perez | 2,023 | 1 | 31 | In its fourth-quarter earnings, Spotify announced today its User Choice Billing program has now expanded to more than 140 markets worldwide, allowing the streaming music service to reduce the commissions it pays to Google over Play Store purchases associated with its Android app. The User Choice Billing pilot program g... |
Sentra raises $30M to provide a security layer for data in the cloud | Kyle Wiggers | 2,023 | 1 | 31 | The move to the cloud, accelerated by the pandemic, continues unabated. By 2025, Gartner that more than 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The motivation is convenience partly — cloud platforms can be accessed from anywhere, ideal for the remote or hybrid wor... |
Check Twitter in paradise with Iridium’s new ‘executive’ satellite hotspot | Brian Heater | 2,023 | 1 | 31 | Everyone’s talking about unplugging these days — climbing a mountain, trekking through the forest, finding your way to a truly secluded beach. Central to that concept is turning off notifications, uninstalling work apps or even — if you’re feeling especially brave — leaving the phone at home for a week or two. But is p... |
TrueBiz aims to help financial services providers onboard business customers faster, avoid fraud | Mary Ann Azevedo | 2,023 | 1 | 31 | TrueBiz co-founders Danny Hakimian (l) and Max Morlocke (r). TrueBiz |
Put a (smart) ring on it: Movano on why its health wearable will put women first | Natasha Lomas | 2,023 | 1 | 30 | heads at CES with an ouroboros-esque smart ring designed for women. In the crowded field of fitness wearables, where the mainstream heavy hitter of the Apple Watch heads up a very long tail of typically less pricey and/or more specialist activity tracking bracelets and bands all keen to claim their own patch of data-g... |
Netflix says it’s open to adding free streaming ‘FAST’ channels to grow its ads business | Lauren Forristal | 2,023 | 1 | 20 | Netflix reported its Q4 2022 financial results yesterday, topping 230 million global subscribers, up from , thanks to the addition of 7.7 million subs. During the earnings call, Netflix co-CEO Ted Sarandos said the company is “keeping an eye” on a free ad-supported TV (FAST) option, a move that are considering as ... |
WhatsApp slapped for processing data without a lawful basis under EU’s GDPR | Natasha Lomas | 2,023 | 1 | 19 | Another bill has come in for Meta for failing to comply with the European Union’s General Data Protection Regulation (GDPR) — but this one’s a tiddler! Meta-owned messaging platform WhatsApp has been fined €5.5 million (just under $6 million) by the tech giant’s lead data protection regulator in the region for failing ... |
Brazilian online grocery deliverer Diferente secures $3M to increase customers’ access to healthier food | Christine Hall | 2,023 | 1 | 31 | When you live very far away from a grocery store, we’re talking like an hour and may include catching several buses or a rideshare, it can be difficult to make the weekly trip in. Enter , which touts itself as “the largest subscription foodtech for fresh organic produce in Brazil.” Former James Delivery founder Eduard... |
Elon takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo | Rebecca Bellan | 2,023 | 1 | 30 | Akio Toyoda at a press conference in 2021. Getty Images/Kiyoshi Ota/Bloomberg Perhaps the biggest automotive story of the week was surprise announcement that he is stepping out of the CEO driver seat at Toyota and handing the keys to , who most recently led the automaker’s luxury brand Lexus. Akio Toyoda isn’t lea... |
Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions | Jacquelyn Melinek | 2,023 | 1 | 31 | Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets. “The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.... |
Linktree adds new monetization options, including a ‘Buy Me a Gift’ feature | Aisha Malik | 2,023 | 1 | 31 | Linktree, the popular link-in-bio startup, is continuing to build more tools to help creators make money on its platform. The company today that it’s introducing three new monetization features designed to help users turn their Linktree into a stronger earnings channel. First, Linktree is launching a new “Buy Me a Gif... |
Cleary raises $4.5M to reinvent the intranet | Frederic Lardinois | 2,023 | 1 | 31 | When you hear the word “intranet,” chances are your mind is conjuring up images of badly designed internal communications platforms from the early aughts: a place for your internal communications team to post announcements you’re not going to read. To some degree, that hasn’t changed, but employee expectations have — a... |
Warner Bros. Discovery reaches deals with Roku and Tubi to license 2,000 hours of content, including ‘Westworld’ | Aisha Malik | 2,023 | 1 | 31 | Warners Bros. Discovery has reached deals with and Tubi to license 2,000 hours of movies and TV shows, the companies announced on Tuesday. The deal will bring Warner Bros.-branded free, ad-supported channels to the two streaming services. The channels will feature many popular titles, including HBO’s “Westworld,” whi... |
Select Star closes $15M round to add context to disparate data | Kyle Wiggers | 2,023 | 1 | 31 | , a startup providing data discovery, lineage and governance tools to mostly enterprise organizations, today announced that it raised $15 million in a Series A round led by Lightspeed Venture Partners with participation from “The explosion of data and apps makes it challenging to ensure good data governance while allo... |
Orbital Sidekick raises $10M to bring hyperspectral imaging to oil and gas pipeline monitoring | Aria Alamalhodaei | 2,023 | 1 | 31 | Historically, oil and gas companies have monitored pipeline leaks using inefficient, expensive methods: workers equipped with handheld optical gas imaging cameras, for example. Or, as CEO Dan Katz put it in a recent interview with TechCrunch, “a young pilot sticking their head out the window of a crop-duster.” “There... |
Report: Stripe tried to raise more funding at a $55B-$60B valuation | Mary Ann Azevedo | 2,023 | 1 | 27 | “ Raising more capital at a $55 billion to $60 billion valuation would certainly be characterized as a down round but Stripe would hardly be the first large fintech to do so. Fellow European and BNPL behemoth Klarna last year , an 85% drop compared to the it was valued at in June of 2021. |
India central bank orders SBM local unit to stop outward remittance transactions | Manish Singh | 2,023 | 1 | 23 | India’s central bank has directed SBM Bank India to stop all outward remittance transactions in a blow to the bank and many of its fintech partners that offer services allowing users to invest in foreign services. The Reserve Bank of India (RBI) said in a brief statement Monday that it has ordered SBM Bank India to sto... |
Remote work revolution helps Deel reach $295M in ARR | Mary Ann Azevedo | 2,023 | 1 | 23 | reached $295 million in annual recurring revenue (ARR) by the end of 2022, the company’s co-founder and CEO Alex Bouaziz today. In today, Deel also said it is offering a new basic product, Deel HR, for free for any business with fewer than 200 people. It also unveiled a Deel Engage, a set of HR Slack plugins desig... |
Being the steady hand in market uncertainty with Sebastian Siemiatkowski from Klarna | Rebecca Szkutak | 2,023 | 1 | 24 | Welcome back to Found, where we get the stories behind the startups. In this week’s episode and are joined by , the co-founder and CEO of . Sebastian talks about what led him to found the startup and how it has navigated multiple market cycles since. He also dives into how Klarna has grown in different categories... |
Protect me from what I want | Anna Heim | 2,023 | 1 | 21 | I thought that tougher economic times would create immediate headwinds for the buy now, pay later trend. I was wrong. “BNPL is a form of credit that allows a consumer to split a retail transaction into smaller, interest-free installments and repay over time,” and it is “in the midst of rapid growth,” a September stat... |
Method raises $16M to power loan repayment, balance transfers and more across fintech apps | Kyle Wiggers | 2,023 | 1 | 26 | , a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz, with participation from Truist Ventures, Y Combinator (Method’s a Y Combinator gra... |
B2B sales closing and financing platform Vartana raises $12M | Kyle Wiggers | 2,023 | 1 | 24 | The industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budgets for SaaS purchases, looking to keep cash on hand while growing more efficiently. That’s why Kush Kella and Ahmed Sharif founded (which my coll... |
Reimbursement and spend management platform PayEm secures $220M in equity and debt | Kyle Wiggers | 2,023 | 1 | 24 | When Itamar Jobani, a software developer by trade, was working for a healthcare company, he dreaded doing expense reports every month using his employer’s preferred reimbursement tool. Jobani looked for an alternative but didn’t end up finding one — and so he built it himself. , as it came to be known, launched in 2019... |
Bling Capital-backed Coverdash unveils its embedded, digital insurance for small businesses | Christine Hall | 2,023 | 1 | 23 | , providing small businesses, e-commerce merchants and gig-economy workers with insurance, launched its product in all 50 states after closing over $2.5 million in seed capital. The round was led by Bling Capital, with participation from investors, including AXIS Digital Ventures, Tokio Marine Future Fund (in affiliati... |
Zenfi takes in new funding to bring Mexicans some financial peace | Christine Hall | 2,023 | 1 | 23 | Luis Rubén Chávez, founder and CEO of , says consumer finance in Mexico and across Latin America “is basically broken.” “Achieving basic financial health in Mexico for around 50 to 60 million people is really hard,” he told TechCrunch. “Two out of three Mexicans have a subprime credit score with basically no tools to ... |
Despite challenges, Netflix says its ad tier is doing well | Sarah Perez | 2,023 | 1 | 6 | In November, Netflix its long-anticipated ad-supported tier, which offers customers in select markets, including the U.S., the ability to offset the cost of a Netflix subscription by allowing their viewing to be interrupted with ad breaks. At the in Las Vegas, Netflix President of Worldwide Advertising, Jeremi Gorm... |
Deconstructing ‘The Twitter Files’ | Devin Coldewey | 2,023 | 1 | 13 | which the so-called Twitter Files have been released is incongruous with the mundanity of their content. Even so, as the circus folds up the big top and the barkers return to their Substacks, it is worth a thorough retrospective to put these breathlessly delivered, revelation-flavored products in context. That few lar... |
Musk said he could have funded a Tesla buyout with SpaceX shares | Rebecca Bellan | 2,023 | 1 | 23 | Elon Musk testified Monday that he was not only certain he’d have the backing from Saudi financiers to take Tesla private in 2018, but also that he could have sold enough shares of his rocket company SpaceX to fund a buyout. Musk defended himself as part of an ongoing lawsuit against the CEO for allegedly defrauding in... |
Grazzy wants to stop letting people use ‘no cash’ as an excuse to avoid tipping | Christine Hall | 2,023 | 1 | 20 | Carrying cash used to be a thing, but now with credit cards, and more recently digital wallets, having more than a couple of dollars in your physical wallet is hard to come by. Unfortunately, that also leaves many of us ill prepared to show gratitude, especially when traveling, to give a cash tip to the people cleaning... |
BMW iVentures continues its love affair with EVs, backing this Bulgarian startup’s $13M A round | Mike Butcher | 2,023 | 1 | 25 | Electric vehicle charging management systems are usually end-to-end solutions for managing EV charging operations, billing, energy, drivers and even fleets. This means EV charging service providers can optimize the monetization of their operations. A number of players have proliferated over the last few years. from I... |
Waymo lays off staff as Alphabet announces 12,000 job cuts | Rebecca Bellan | 2,023 | 1 | 24 | Waymo, the self-driving technology unit under Alphabet, quietly laid off workers Monday, according to and several posts on LinkedIn and Blind. The cuts at the autonomous vehicle company follow a late last week. Waymo denied claims that it was closing down Via, saying it remains fully committed to bringing its freig... |
Bluedot’s debit card for EV owners offers cheaper charging, cash back | Rebecca Bellan | 2,023 | 1 | 23 | Electric vehicles accounted for of all new cars sold in the U.S. in 2022, an increase from 3.1% the year before, and that number will continue to grow over the coming years. While it’s still a young industry, the ecosystem surrounding EVs — from EV charging and installation to insurance products and parking — is shap... |
Honda is setting up a dedicated EV division | Darrell Etherington | 2,023 | 1 | 24 | Honda is establishing a division dedicated to the development of electric vehicles and other electrical products including storage and generation, the company said on Tuesday (via ). The Japanese automaker somewhat lags the rest of the market when it comes to EVs to date. Last year, to electrify its lineup, includin... |
Tesla reports $24.3B revenue in the fourth quarter, beating Street estimates | Rebecca Bellan | 2,023 | 1 | 25 | Tesla just beat Wall Street revenue estimates for the fourth quarter of 2022. The company closed out Q4 with $24.3 billion in revenue, a 37% increase from the same quarter last year and a 13% bump quarter-over-quarter. Analysts had expected the company to earn around $24.2 billion, according to . The electric vehicle ... |
India’s gig economy drivers face bust in the country’s digital boom | Jagmeet Singh | 2,023 | 1 | 25 | Uber driver in New Delhi, had her account suddenly disabled one evening while she was en route to pick up a rider in a southern part of the capital city. “I was reaching the destination, but it took some time due to heavy traffic. The ride eventually got canceled. But after that, my account was blocked,” she recalled.... |
Tesla’s energy storage arm caps 2022 with ‘highest level’ of deployments ever | Harri Weber | 2,023 | 1 | 25 | The growth keeps coming for Tesla’s energy storage business. On Wednesday, the automaker said its home and utility-scale battery deployments (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we have achieved.” That’s up from about 4 GWh in 2021. For context, the average American home c... |
Lyft adds wait-time fees, nearly seven years after Uber | Darrell Etherington | 2,023 | 1 | 24 | Lyft has introduced wait-time fees — in other words, charges incurred if a Lyft driver has to wait for you upon pickup. The rideshare platform hasn’t had these previously, despite its main competitor Uber having them since 2016. Lyft’s wait-time fees kick in two minutes after on-time arrival for standard rides and five... |
Meta’s New Year kicks off with $410M+ in fresh EU privacy fines | Natasha Lomas | 2,023 | 1 | 4 | Meta is kicking off the New Year with more privacy fines and corrective orders hitting its business in Europe. The latest swathe of enforcement relates to a number of EU General Data Protection Regulation (GDPR) complaints over the legal basis it claims to run behavioral ads. The Facebook owner’s lead data protection w... |
YouTube confirms a test of a new hub for free, ad-supported streaming channels | Lauren Forristal | 2,023 | 1 | 17 | YouTube is officially running a test that allows select viewers in the U.S. to watch free ad-supported (FAST) channels via a dedicated hub on the video platform. Users that have access to the experiment will find FAST linear channels in the . In a shared statement to TechCrunch, a company spokesperson said, “YouTube i... |
What each streaming service has up its sleeve in 2023 | Lauren Forristal | 2,023 | 1 | 8 | Major streaming services have upped their game in 2022 with the launch of ad-supported tiers, new live sports deals, hugely successful original series and more. As the streaming wars continue to heat up, media companies have no choice but to raise the stakes. From the HBO Max/Discovery+ merged streaming service to Netf... |
Japan’s Terra Drone gets $14M lift from Saudi investors | Kate Park | 2,023 | 1 | 24 | null |
Netflix gets livestreaming rights to SAG Awards in 2024 | Lauren Forristal | 2,023 | 1 | 11 | Netflix will continue its foray into livestreaming with a with the Screen Actors Guild (SAG) Awards. Beginning in 2024, the award ceremony will be broadcast live on the streamer, becoming the first major film and television awards show to air on Netflix. As part of the new deal, Netflix will stream this year’s 29th a... |
Madrid selects Dott, Lime and Tier for scooter licenses | Romain Dillet | 2,023 | 1 | 25 | Madrid for scooter-sharing services in the city. The city council has chosen three operators for the next three years — , and . This trio of companies will sound familiar as these companies also won tender processes in several European cities in recent years. Madrid even says that it drew inspiration from 17 Euro... |
Lightyear stops production on €250,000 solar-powered EV | Rebecca Bellan | 2,023 | 1 | 23 | Solar-powered electric vehicle maker Lightyear said it’s halting production on its flagship Lightyear 0, its premium EV with a sticker price of €250,000. Despite only starting production on the vehicle three months ago, Lightyear is restructuring to focus on building a more affordable model, the Lightyear 2 for around ... |
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