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To achieve enterprise sales success, tailor your approach to CIOs | Yousuf Khan | 2,022 | 3 | 3 | have been successful over the long term all have something in common: they know how to sell to chief information officers. They understand that the work isn’t over after the handshakes and signatures — effectively managing and nurturing a vendor-CIO relationship requires attention. I’m a VC now, but my five CIO stints... |
Twitter’s EU-only geoblocks of Russia Today off to a shaky start | Natasha Lomas | 2,022 | 3 | 3 | Twitter has claimed it’s complying with an EU-wide ban on Russia Today (RT) and Sputnik which as part of the package of sanctions imposed by the bloc on Russia following the invasion of Ukraine, albeit reluctantly. In a statement the social network has been circulating in response to press requests this week a Twitte... |
Hulu’s Theranos docu-series ‘The Dropout’ is like watching a car crash in slow motion | Amanda Silberling | 2,022 | 3 | 3 | Just because you know how the story ends doesn’t mean that it’s not fun to watch how it all went so horribly wrong. That’s the premise of an entire emerging genre of media, mostly produced by streaming platforms, which chronicle the most salacious stories in tech, startups and wealth gone wrong. Hulu’s “The Dropout,” w... |
SpaceX successfully launches 47 Starlink satellites | Stefanie Waldek | 2,022 | 3 | 3 | SpaceX is aiming to launch more rockets in 2022 than it has in any year past, and with today’s successful Starlink launch, it’s well on its way to reaching that goal. The Starlink 4-9 mission lifted off at 9:25 AM EST (6:25 AM PST) from pad 39A at Kennedy Space Center in Florida and was SpaceX’s ninth of a planned 52 l... |
Attend TechCrunch Live’s special event in Austin, Texas! (It’s free) | Matt Burns | 2,022 | 3 | 3 | to announce a special event centered around the exploding scene in . The area deserves a spotlight on the upcoming startups and recent milestones. It’s the city of unicorns and tech giants. Drawn to the laid-back lifestyle and lower cost of living — relatively speaking — nearly 185 people are on a daily basis, and ... |
How Lido raises the stakes for crypto and DeFi investors | Anita Ramaswamy | 2,022 | 3 | 3 | The world’s most-used blockchain, Ethereum, is switching to a new validation system this summer called proof-of-stake (PoS). PoS, favored over its predecessor for its relative energy efficiency, lets users validate transactions on the network by temporarily depositing, or staking, a certain amount of their tokens in re... |
Uganda in the spotlight as country’s startups captivate YC, Google | Annie Njanja | 2,022 | 3 | 4 | The startup ecosystem in Africa has until now been dominated by Nigeria, Kenya, South Africa and Egypt (the Big 4), countries that continue to receive the bulk of venture capital and other forms of investment. However, the situation seems to be slowly changing as noteworthy startups begin to rise from other countries w... |
A look inside Founders Fund, as it closes on $5 billion across two new funds | Connie Loizos | 2,022 | 3 | 4 | has garnered a lot of money from investors; it has also returned quite a bit of capital. A lot of the action on both fronts has happened very recently. Yesterday, the 17-year-old outfit more than $5 billion in fresh capital commitments across two new funds — a $1.9 billion early-stage and a $3.4 billion growth-stage... |
Daily Crunch: Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’ | Alex Wilhelm | 2,022 | 3 | 4 | Hello and welcome to Daily Crunch for Friday, March 4, 2022! It’s Friday, y’all, which means this newsletter is full of good vibes and impending relaxation. Naturally before the weekend, there’s lots to do, so check out the (going to rock) (going to roll), and we can get into it! – The corporate venture world is n... |
Winnie has a new plan to help childcare centers scale care | Natasha Mascarenhas | 2,022 | 3 | 4 | When was first founded in 2016 by and , it was focused on childcare solutions built for parents. “The other SaaS solutions in the childcare space have gone after the providers first and that’s been really hard and challenging because it’s a very fragmented market and it’s really hard to get traction,” Mauskopf said... |
It’s pivot season for early-stage startups | Natasha Mascarenhas | 2,022 | 3 | 4 | Late-stage tech startups are facing a changing public market environment, but their early-stage counterparts are in a different world altogether. The cohort has had access to ample capital in recent quarters, giving them a bubble of venture capital that somewhat protects them from rapid changes in the greater economy. ... |
TechCrunch+ roundup: 3 views on Epic-Bandcamp deal, SPAC letdown, CIO sales strategy | Walter Thompson | 2,022 | 3 | 4 | You are more likely to close a sale if you have actionable insights into your prospective customer’s needs. But for enterprise software startups, this presents a special problem. Unless you’re a former CIO who already has a clear understanding of the decision-making process, you can only fall back on basic best practic... |
Infrastructure is broken, Gecko is using robotics to help fix it | Brian Heater | 2,022 | 3 | 4 | Gecko Robotics’ mission statement is “To protect today’s critical infrastructure, and give form to tomorrow’s.” It’s certainly the sort of thing that rings true in the startup’s home town of Pittsburgh, where the Fern Hollow Bridge collapsed under the weight of five vehicles in late-January, the day President Biden was... |
How quickly do enterprise tech firms need to grow to satisfy today’s investors? | Alex Wilhelm | 2,022 | 3 | 4 | stocks reported earnings this week, but with the world in turmoil, the market gave them kind of a rough reception. It’s hard to say what had the stock market in a tizzy, but it certainly wasn’t the companies’ straight revenue numbers, as all reported strong quarters: TechCrunch There is a lot going on in the world ri... |
Samsung says it will release an update to address app throttling issues | Aisha Malik | 2,022 | 3 | 4 | Samsung has addressed complaints that the tech giant is throttling the performance of thousands of apps on some of its Android phones. In a statement sent to TechCrunch, a spokesperson for the company said Samsung will release a software update to allow users to have more control over throttling. Samsung has not provid... |
In the metaverse, responsible AI must be a priority | Vasco Pedro | 2,022 | 3 | 4 | According to a recent , the metaverse is an $800 billion market. Still others argue about what the metaverse actually is, but with so much money and curiosity surrounding it, it has everyone talking. Undoubtedly, AI will play a huge role in the metaverse, especially as we communicate with others. While we’ll be more c... |
Apple Maps now displays Crimea as part of Ukraine to viewers outside of Russia | Aisha Malik | 2,022 | 3 | 4 | Apple Maps now shows Crimea as part of Ukraine when viewed outside of Russia, in what appears to be a new and quiet update. first reported the change, which comes amid Russia’s ongoing invasion of Ukraine. Now, when you search or click on Crimea, it is displayed as Ukrainian territory. Apple did not respond to TechCr... |
Russia says it will block Facebook, its latest effort to control the narrative on Ukraine | Taylor Hatmaker | 2,022 | 3 | 4 | A week after introducing partial restrictions on Facebook, the Russian government announced Friday that it would begin blocking the social network in the country outright. Russia’s internet regulatory agency Roskomnadzor cited “26 cases of discrimination against Russian media and information resources” in the decision ... |
Google pauses its ad sales in Russia, Microsoft pauses sales | Natasha Lomas | 2,022 | 3 | 4 | In further responses from the tech industry to Russia’s invasion of Ukraine last week and the country’s continued aggression against its neighbor, Google and Microsoft have both now said they’re pausing sales in Russia. We understand that Google’s pause — which is focused on its own ad sales — began last night and has ... |
null | Brian Heater | 2,022 | 3 | 3 | null |
Fetch raises $3.5M for its self-service truck rental marketplace | Greg Kumparak | 2,022 | 3 | 4 | Once upon a time, I had a truck. I loved that truck! I didn’t actually use the truck as a all that often, so eventually I sold it and bought something more in tune with my daily needs. Something more “practical,” I suppose. I still miss that truck. Now the few times a year I need to use a truck as a truck, I’ve got... |
D’Amelio family launches VC fund 444 Capital to invest up to $25M in high-growth startups | Sarah Perez | 2,022 | 3 | 4 | The D’Amelio family, including TikTok stars and digital creators and sister , are formalizing in startups with the launch of a new VC fund, 444 Capital. The family is teaming up with of Tandem Capital and of on the fund, which aims to back high-growth companies with strong end-user brands, including thos... |
From beer waste to ‘plastic’ packaging, Mi Terro downs $1.5M to make the world more biodegradable | Haje Jan Kamps | 2,022 | 3 | 4 | A shrewd entrepreneur joins sponsored by brewing giant and home consumables emporium , and spots a pattern. The breweries have tons of spent grain, and the home consumables have a plastics problem. Build a bridge between the two problems, and you have , a company that takes agricultural waste and processes it int... |
Box strikes back with a quarter that beats everyone’s expectations, including its own | Ron Miller | 2,022 | 3 | 4 | year, Box to keep from taking over its board and dictating the company’s direction. If the activist investors had won, CEO and co-founder Aaron Levie might have been forced out, and . But , and the shareholders who backed the executive team were rewarded this week with a quarter , including the company’s own. ... |
Airbnb suspends all operations in Russia and Belarus | Aisha Malik | 2,022 | 3 | 4 | Airbnb is suspending all operations in Russia and Belarus, the company’s CEO and co-founder Brian Chesky on Twitter. Airbnb’s decision comes as numerous companies are withdrawing operations in Russia amid its invasion of Ukraine. A spokesperson from Airbnb told TechCrunch in an email: “This means that we will block c... |
Twitter is working on a podcasts tab | Amanda Silberling | 2,022 | 3 | 4 | As Twitter its live audio product Spaces, the platform may soon take things a step further by launching a dedicated podcasts tab on its mobile apps. According to reverse engineers who search the code of mobile apps to spot features in development, this addition would create a dedicated space on Twitter to house podca... |
After clearing all regulatory hurdles, Microsoft closes $20B Nuance deal | Ron Miller | 2,022 | 3 | 4 | When announced its intent last year for $20 billion, it marked a hard move into healthcare for the company. But the deal was not a slam dunk by any means . After finally clearing all the regulatory hurdles, however, the company announced today that the deal has closed. In CEO Satya Nadella called Nuance a pionee... |
Welcome to the it’s-so-subtle pivot season | Natasha Mascarenhas | 2,022 | 3 | 5 | As late-stage tech startups face the changing environment in the public markets, their early-stage counterparts are in a different world altogether. The cohort has had access to ample capital in recent quarters, giving them a bubble of venture capital that somewhat protects them from rapid changes in the greater econom... |
Indonesian agritech AgriAku reaps $6M in pre-Series A funding | Catherine Shu | 2,022 | 3 | 2 | , a Jakarta-based B2B marketplace for farmers, announced today it has raised a pre-Series A of $6 million. The round was led by Go-Ventures, with participation from MDI Arise, MDI Centauri, Mercy Corps Social Venture Fund and angel investors. The funding will be used on hiring and increasing AgriAku’s market penetratio... |
Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform | Tage Kene-Okafor | 2,022 | 3 | 2 | L-R: Kabir Shittu (COO) and Aminu Bakori (CEO) |
Ukraine, API startups and startup valuations | Alex Wilhelm | 2,022 | 3 | 5 | Hello friends! I had a little something saved for this email, but it wound up being pushed back to next week, so expect to read about that in a few days. The good news is that we now have some more room to play with today. So let’s chat tech’s response to Ukraine, API startups, and startup valuations, yeah? This will b... |
Reliance to invest $221 million for electronics manufacturing with Sanmina in India | Manish Singh | 2,022 | 3 | 2 | Reliance Industries plans to invest up to $221 million in U.S. electronics firm Sanmina to set up a joint venture as the Indian giant looks to expand its electronics manufacturing. The joint venture aims to create a “world-class” electronic manufacturing hub in India, the two said. It will prioritize high technology in... |
This Week in Apps: Apps blocking Russia, Walmart adds virtual try-on, Netflix’s trivia game | Sarah Perez | 2,022 | 3 | 5 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . App Annie glo... |
Snowflake acquires Streamlit for $800M to help customers build data-based apps | Ron Miller | 2,022 | 3 | 2 | helps customers store and manage oodles of data in the cloud without cloud vendor lock-in. is a startup that developed a for building data-based apps. Seems like a pretty good match, and today Snowflake announced it was acquiring Streamlit for $800 million. Benoît Dageville, co-founder and president of products at... |
Daily Crunch: With EU ban pending, Google Play says ‘do svidaniya’ to Russia Today, Sputnik apps | Alex Wilhelm | 2,022 | 3 | 2 | Hello and welcome to Daily Crunch for Wednesday, March 2, 2022. We have a packed newsletter for you today. We’ve got acquisitions, funding rounds, the end of products, and more. Also , which is going to be good fun, and the Equity team . Now, to work! – The push to fund Ukraine’s war-torn nation-state with crypto is... |
Ford increases electrification spend to $50B in attempt to catch up to Tesla | Rebecca Bellan | 2,022 | 3 | 2 | Ford Motor Company is increasing its electric vehicle investment to $50 billion through 2026, . CEO Jim Farley announced the news on Wednesday after the automaker confirmed that it would something Ford touched on during its in early February. This is the third time in less than a year that Ford has upped its elect... |
Amazon to close 68 physical retail locations, including Amazon Books and 4-star stores | Sarah Perez | 2,022 | 3 | 2 | Amazon’s is suffering a major blow as the company today it will close 68 brick-and-mortar retail stores across the U.S. and U.K. This includes its Amazon Books bookstores, its pop-up shops in various markets and its 4-star stores, where customers could shop popular and highly rated products across Amazon.com. The r... |
Tier Mobility acquires Spin from Ford, marking entry into North America | Rebecca Bellan | 2,022 | 3 | 2 | Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the German company’s total fleet to 300,000. The companies would ... |
Polestar’s second concept car is a convertible with an integrated drone | Andrew Tarantola | 2,022 | 3 | 2 | With the already in production, and 4 on the horizon and , Polestar the company has just unveiled its latest electrified vehicle idea: the Polestar O2 convertible concept. “Polestar O2 is our vision of a new era for sports cars,” Polestar’s Head of Design, Maximilian Missoni, said in a Tuesday press statement. “By... |
null | Alexandra Ames | 2,022 | 3 | 4 | null |
Without sustainable practices, orbital debris will hinder space’s gold rush | Luca Rossettini | 2,022 | 3 | 2 | Look up at the sky — hundreds of discarded satellites, spent upper-stage rocket bodies, and mission-related objects circle Earth, posing a risk to space-based services and future missions that will support what is projected to be a trillion-dollar space economy. According to the European Space Agency, larger than 10 ... |
Dear Sophie: 2 questions about the latest immigration news | Sophie Alcorn | 2,022 | 3 | 2 | Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says , a Silicon Valley immigration a... |
As war escalates in Europe, it’s ‘shields up’ for the cybersecurity industry | Yaron Tal | 2,022 | 3 | 2 | , even government bureaucracy moves quickly. As a result of the heightened likelihood of cyberthreat from Russian malactor groups, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) — part of the Department of Homeland Security — issued an unprecedented warning recommending that “all organizations — regar... |
Ukraine deputy minister talks IT Army and deploying $25M in donated crypto | Ingrid Lunden | 2,022 | 3 | 2 | continues to unfold in Ukraine with alarming developments, the country has been putting up a resistance to Russia beyond the ground war: It’s been taking the fight to the digital front, leveraging the internet to fight against Russia’s attacks, to proactively go after Russia’s halls of power and to corral support — in... |
TrueCircle scoops $5.5M to use AI to drive recycling efficiency | Natasha Lomas | 2,022 | 3 | 2 | UK-based , a computer vision startup founded just last year, has nabbed $5.5 million in pre-seed funding in a bid to bring data-driven AI to the recycling industry to improve recovery rates and quality — with the overarching goal of transforming the economics of waste reuse to shrink demand for virgin materials. So fa... |
Facebook is shutting down its college student-only social network, Campus | Sarah Perez | 2,022 | 3 | 2 | Facebook attempted a return to its roots as a college-focused social network with the , a private section within Facebook that was only open to those with an @.edu email address. However, the initiative didn’t succeed, as Facebook is now alerting users that Campus will fully shut down on March 10. Through an in-app me... |
Australian fintech Zeller raises $100M AUD Series B at $1B AUD valuation | Catherine Shu | 2,022 | 3 | 2 | Zeller’s EFTPOS terminal. Zeller , the Australian neobank for SMBs, has raised a $100 million AUD Series B (about $72.7 million USD), doubling its valuation to more than $1 billion AUD (about $727 million USD). The funding was led by Headline, with participation from Australian superannuation fund Hostplus. Returning... |
Epic Games just bought an entire Bandcamp, and it’s not even Friday | Brian Heater | 2,022 | 3 | 2 | Happy Bandcamp Wednesday. Fortnite-maker Epic Games is . The music download site announced the acquisition in a blog post today, adding that it will continue to function as a standalone entity with co-founder and CEO Ethan Diamond at its helm. “We share a vision of building the most open, artist-friendly ecosystem in ... |
Fireside Project manifests a $200K fund to improve access to careers in psychedelic health | Haje Jan Kamps | 2,022 | 3 | 2 | Let’s get three truths out of the way. 1. Drugs are a sensitive topic. 2. In a lot of the world, many drugs that can be used recreationally — including psychedelics — are illegal. 3. A lot of people are willing to break the law to use psychedelic substances, whether recreationally, as part of spiritual practice or as a... |
Apple’s next event is March 8 | Romain Dillet | 2,022 | 3 | 2 | Invites just went out for Apple’s next big event, scheduled for . It will be an online event broadcasting from Apple Park. Anybody will be able to watch it from Apple’s website. The invite features an Apple logo that looks like the entrance of a neon tunnel. It says “Peek performance” and rumor has it that Apple has p... |
Walmart launches AI-powered virtual clothing try-on technology for online shoppers | Sarah Perez | 2,022 | 3 | 2 | Last May, Walmart of the virtual clothing try-on startup , which leveraged a combination of real-time image processing, computer vision, deep learning and other AI technologies to show shoppers how they would look in an item by way of a simulation that takes into account body dimensions, fit, size and even the fabri... |
Lune offers an API to calculate carbon emissions at checkout | Romain Dillet | 2,022 | 3 | 20 | Meet , a new startup that wants to expose CO2 emissions calculations so that customers are better informed when they purchase something online. When companies start using Lune’s API, they can also let their customers pay a fee to finance a carbon neutralization project. Before founding Lune with Roberto Bruggemann, Er... |
Sequoia debuts Arc, a London/SV program to find and mentor outlier startups, backing each with $1M | Ingrid Lunden | 2,022 | 3 | 20 | Sequoia has over the years made a name for itself for its early-stage bets on younger companies, many of which (Apple, Klarna and WhatsApp, to name a few) have gone on to become tech giants. Now, as competition heats up among investors to work with the most promising startups earlier, and the field of the founders hopi... |
Reliance Retail acquires majority stake in D2C brand Clovia for $125 million | Manish Singh | 2,022 | 3 | 20 | Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories. Eight-year-old Clovia, which operates a “bridge-to-premiu... |
The Station: GM deepens it stake in Cruise and Porsche plots out its EV course | Kirsten Korosec | 2,022 | 3 | 20 | Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before we dive in, I wanted to highlight one of our latest founder Q&A interviews, which we publish twice a month over at TC+. This time, , the former Uber executive w... |
India tax department probe into Infra.Market finds bogus purchases, undisclosed income | Manish Singh | 2,022 | 3 | 20 | The Indian Income Tax Department said it has found and seized “a large number of incriminating evidences” that reveals that a Pune- and Thane-based unicorn startup, referring to Infra.Market, “booked bogus purchases” and disclosed an additional income of more than $29.4 million following a rare probe into a startup. In... |
Why web3’s wealthy are donating crypto instead of cash | Anita Ramaswamy | 2,022 | 3 | 20 | Donor-advised funds are a popular vehicle for asset donations — they allow individuals to take an immediate tax deduction when contributing crypto, other assets, or cash to a dedicated account that can appreciate in value over time. The account holder can ultimately deploy the funds in the account to nonprofits at thei... |
Tech talent flees Russia as Western sanctions bite | Rita Liao | 2,022 | 3 | 20 | an exodus of entrepreneurs, computer programmers and other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes, fearing for their lives. But the war is also... |
A security lapse exposed India’s CISF personnel files and health records | Zack Whittaker | 2,022 | 3 | 18 | Internal documents, officer health records, and personnel files belonging to India’s Central Industrial Security Force spilled online because of a data security lapse. A security researcher in India, who asked not to be named for fear of retaliation from the Indian government, found a database packed with network logs ... |
TechCrunch Experts: 3 articles on growth marketing and software development | Miranda Halpern | 2,022 | 3 | 18 | TechCrunch Experts continues to gather and share authoritative advice for founders who need help with growth marketing and software development. Here are a few related articles we’ve run in recent weeks: To uncover some insights into driving viral growth, John Biggs interviewed: Among other topics, this article covers... |
Daily Crunch: Porsche announces plans to build a global network of EV charging stations | Alex Wilhelm | 2,022 | 3 | 18 | Hello and welcome to Daily Crunch for Friday, March 18, 2022! Another week is behind us, which means that it’s time to sit back and read the last tranche of startup and technology news. For those of you building, we just announced that to chat about landing your first investor, and we’ll have , and, since we’re talk... |
GM is buying out SoftBank’s stake in autonomous vehicle unit Cruise | Kirsten Korosec | 2,022 | 3 | 18 | General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring SoftBank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the... |
DigiLocker, India’s app for issuance and verification of documents, tops 100 million users | Manish Singh | 2,022 | 3 | 18 | DigiLocker, an app that enables individuals in India to digitize and store a copy of more than 560 different documents, including government-issued ID cards, says it has topped 100 million users. The , conceived by India’s Ministry of Electronics and IT over six years ago, is New Delhi’s attempt to create a paperless ... |
Unlocking inclusion for women of color in web3 | Audrey Handem | 2,022 | 3 | 18 | Day, enthusiastically announced its new investment team with a collage of photos revealing that its new lineup consisted solely of men. Women in all corners of the crypto industry took notice. Faced with the backlash, the original tweet was , Bain Capital Crypto addressed the controversy, and announced as a partn... |
ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US | Ingrid Lunden | 2,022 | 3 | 18 | — a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services — has closed a big round of funding, money it will be using to take its services beyond its home market and move into newer areas such as... |
TechCrunch+ roundup: eVTOL takes off, pivoting with agility, when to hire a lawyer | Walter Thompson | 2,022 | 3 | 18 | “Where’s my flying car?” is a staple of Gen X humor, since it reaffirms the cynical viewpoint that technology frequently fails to deliver on its lofty promises. Until recently, electric vertical takeoff and landing vehicles were largely consigned to our imaginations. I can name more movies that feature flying cars than... |
Survival tips for startup founders living through their first market correction | Navin Chaddha | 2,022 | 3 | 18 | those starting companies for the first time, the gyrations of the stock market, the resulting correction in public market tech stocks, and the inevitable impact on private company fundraising might seem disheartening. And the past few weeks of geopolitical challenges only added to the bleak scenario. As an entrepreneu... |
null | Frederic Lardinois | 2,022 | 3 | 2 | null |
Zendesk’s latest problem is an activist investor | Ron Miller | 2,022 | 3 | 18 | having some issues with its investors lately. Last month, it turned down from a consortium of private equity investors, saying the deal undervalued the company. Later in the month, the company’s offer for the parent company of SurveyMonkey, Momentive. That’s a lot of turbulence for any company to be dealing with... |
Volta Labs grabs $20 million to address a growing genomics bottleneck | Emma Betuel | 2,022 | 3 | 18 | Twenty years ago, getting a human genome sequenced was a billion-dollar, international project. Today, you can get your dog’s genome sequenced by the end of the month for a few bucks. It speaks to the speed with which genetics has permeated our lives, but despite massive improvements to the technology, the process can ... |
Google confirms Maps is down for some users, says it’s working on a fix | Aisha Malik | 2,022 | 3 | 18 | is currently down for some users around the world as the mapping service is experiencing a partial outage, Google confirmed to TechCrunch on Friday. “We’re seeing reports of difficulties accessing some Google Maps and Google Maps Platform services. Our team is investigating and working to resolve the issue as quickly ... |
Study: 30% of Log4Shell instances remain unpatched | Mehul Revankar | 2,022 | 3 | 18 | , a critical zero-day vulnerability affecting Apache’s Log4j2 library, a Java-based logging utility, was disclosed to the world and broke the internet. As the third most used computer language, Java is practically ubiquitous, and its Log4j2 library is extremely popular, with an estimated 15 billion devices around the g... |
CISA, FBI warn of threats to US satellite networks after Viasat cyberattack | Carly Page | 2,022 | 3 | 18 | The U.S. government is warning of “possible threats” to amid fears that recent attacks on satellite networks in Europe, sparked by the war in Ukraine, could soon spread to the United States. A published this week urges satellite communication (SATCOM) network providers and critical infrastructure organizations that... |
Twitter is testing a new clipping tool for Spaces with select iOS hosts | Aisha Malik | 2,022 | 3 | 18 | Twitter has started testing a new clipping tool for Spaces, the company this week. Select hosts on iOS are now able to clip 30 seconds of audio from recorded Spaces to share them with others on Twitter. All iOS users can now see and listen to the clips on their timelines, while Android and web users will get access s... |
Russia warns YouTube to stop ‘anti-Russian’ ads | Natasha Lomas | 2,022 | 3 | 18 | In Russia’s latest swipe at foreign social media giants since it started a land war in Europe by invading Ukraine late last month, the country’s internet censor has fired a warning shot at Google over what it describes as anti-Russian “information attacks” which it claims are being spread via YouTube — accusing the U.S... |
Learn how to land your first investor from Sequoia’s Jess Lee at TC Early Stage | Jordan Crook | 2,022 | 3 | 18 | Tapping personal savings or invoking the friends and family plan are signature hallmarks of fledgling startup finance. Eventually though, the majority of early-stage founders will leave their bootstrapping days behind and turn to institutional investors for the capital infusion they need to grow. It’s not easy for inex... |
When raising at a 40x multiple makes sense | Alex Wilhelm | 2,022 | 3 | 18 | no-code startup that helps customers build websites, raised a new round of capital this week. Per , landed $120 million in fresh funds at a $4 billion valuation. Forbes also writes that the company will reach the $100 million annual recurring revenue (ARR) mark shortly, has more than 200,000 customers, and currentl... |
What Shift’s acquisition of Fair says about the online used car market | Rebecca Bellan | 2,022 | 3 | 18 | Used car e-commerce platform Shift has acquired some of competitor Fair Technologies’ technology, allowing Shift to become the Amazon of the used car marketplace, a platform that displays third-party listings from dealers alongside the company’s own inventory. The deal is a nod toward the direction the online auto mark... |
Freelancer marketplace Malt acquires consulting marketplace Comatch | Romain Dillet | 2,022 | 3 | 27 | It’s consolidation time in the freelancer marketplace industry. French startup is acquiring , a competing marketplace focused on consultants and industry experts. Comatch originally started in Germany, which means that Malt is also doubling down on the German market with this acquisition. Terms of the deal are undis... |
Australian fintech Zepto raises $25M AUD Series A to enhance payment infrastructure | Kate Park | 2,022 | 3 | 27 | , an Australian real-time account-to-account (A2A) merchant payments platform, said Monday it raised a $25 million AUD Series A (about $18.8 million USD) co-led by AirTree Ventures and Decade Partners. The instant payment platform lets merchants make, manage and receive secure payments by connecting directly from the p... |
Apple TV+ becomes the first streaming service to win a Best Picture Oscar with ‘CODA’ | Catherine Shu | 2,022 | 3 | 27 | Apple TV+ has beat out Netflix to become the first streaming service to win best picture at the Academy Awards, with “CODA” triumphing. “CODA” actor Troy Kotsur also won the best supporting actor trophy, marking the first time for a Deaf male actor, and the second Deaf actor after “CODA” co-star Marlee Matlin won in 19... |
Fintech Roundup: Will financial technology startups dodge the venture slowdown? | Mary Ann Azevedo | 2,022 | 3 | 27 | On March 25, PitchBook released its , which found that the fintech industry raised $121.6 billion last year — up 153% year-over-year in terms of global VC deal value. Alex and I will be doing a deep dive on that report next week, but it’s a nice lead-in to what I’m examining today. Self-proclaimed “fintech junkie” Ju... |
Russian search giant Yandex tells investors it’s looking for a media exit | Natasha Lomas | 2,022 | 3 | 18 | Russia’s internet giant Yandex has it’s exploring “strategic options” for its media products — including a potential sale of its news aggregator, Yandex News, and a user-generated content recommendation and blogging “infotainment” platform, called Zen. The disclosure confirms our — when sources told us Yandex is in ... |
Bored Apes maker Yuga Labs acquires CryptoPunks NFT collection | Lucas Matney | 2,022 | 3 | 11 | Bored Apes Yacht Club maker Yuga Labs announced Friday that they have acquired the rights to the CryptoPunks and Meebits NFT collections from creator Larva Labs. Bored Apes and CryptoPunks are the two most valuable NFT collections by market cap, and hold a combined worth at a minimum of some $3.6 billion at current pri... |
null | Alex Wilhelm | 2,022 | 3 | 18 | null |
Diamond Age picks up $50M to lay the foundation for the future of houses built by robots | Haje Jan Kamps | 2,022 | 3 | 11 | Hot on the heels from , is back for a top-up, with a $50 million Series A financing to continue its mission to make homeownership more affordable by using 3D printing and robotics technologies to make home construction significantly cheaper — a welcome change in a world where there’s a 7-million-home shortage in the... |
Daily Crunch: Byju’s founder chips in toward $800M funding round to reach $22B valuation | Alex Wilhelm | 2,022 | 3 | 11 | Hello and welcome to Daily Crunch for Friday, March 11, 2022! Oh was that a week. It was full and busy and, now, finally, over. We have your full news digest below, but , because it’s looking increasingly lit. – And speaking of going public, that includes notes on life SPACs for startups that considered the met... |
VC and native Ukrainian Alex Iskold is funneling money to Ukranian refugees, $1K at a time | Connie Loizos | 2,022 | 3 | 11 | Alex Iskold is “one of the luckiest people you’ve ever met,” he says from his office in New York. He’s the co-founder and managing partner of a venture firm, . He previously spent five years with Techstars as the managing director of its New York City program, where he invested in and helped more than 100 startups. Is... |
TechCrunch+ roundup: Tested TAM tips, no-code tech survey, writing crypto white papers | Walter Thompson | 2,022 | 3 | 11 | For many first-time founders, determining the size of the market in which they hope to compete is one of their biggest challenges. I haven’t launched a successful startup, but I have helped write several pitch decks. Each time, the team’s collective anxiety increased when we needed to calculate TAM. It was always the l... |
For founders who want to launch apps, ‘being non-technical is not a limitation’ | Miranda Halpern | 2,022 | 3 | 11 | Based in Warsaw, Poland, assists a wide variety of companies with everything from product design and UX to development and deployment of connected devices. It caters to diverse sectors, with customers such as sleep tracker ŌURA, trivia game HQ, Tomorrow Health, Samsung, Mercedes-Benz and Nike. To get a look at how in... |
Hulu + Live TV to now throw in Unlimited DVR as part of its base plan | Sarah Perez | 2,022 | 3 | 11 | In an effort to attract more subscribers to its service, Hulu announced today that it will offer an Unlimited DVR feature as part of its Hulu + Live TV service’s base plan at no additional cost. The DVR allows customers to record programs from over 80 channels, including broadcast networks ABC, NBC, CBS and FOX, which ... |
Ubisoft won’t say why it reset employee passwords after ‘cyber incident’ | Zack Whittaker | 2,022 | 3 | 11 | Gaming giant Ubisoft has confirmed a cybersecurity incident that led to the mass-reset of company passwords, but has declined to say what the incident actually was. In , Ubisoft said: “Last week, Ubisoft experienced a cyber security incident that caused temporary disruption to some of our games, systems, and services.... |
YouTube is now blocking Russia state-affiliated media globally | Natasha Lomas | 2,022 | 3 | 11 | In a further expansion of its policy responses to Russia’s war in Ukraine, YouTube has said it’s now blocking Kremlin-backed media outlets globally — not just in Europe where two Russia state-affiliated channels, Russia Today (RT) and Sputnik, along with their subsidiaries, were sanctioned by the European Union . This... |
We’re looking for a few good volunteers for TC Early Stage | Alexandra Ames | 2,022 | 3 | 11 | null |
Russia says it will block Instagram | Natasha Lomas | 2,022 | 3 | 11 | The Russian government has now said it will limit access to Instagram. It’s the latest state restriction targeting mainstream foreign tech platforms since the country’s invasion of Ukraine. , move comes as Putin continues to tighten his grip on the digital information sphere to try to prevent Russians citizens from by... |
AiFi adds new funding into its cart to expand autonomous retail footprint | Christine Hall | 2,022 | 3 | 11 | Contactless stores are gaining traction, more so in Europe, but there are some trickling into the U.S., including Atlanta’s that opened in January. In that article, we pointed out that the store was entering territory that included , and . Behind some of that cashierless technology are startup companies like , ... |
As tech companies suspend sales in Russia, what is the actual business impact? | Ron Miller | 2,022 | 3 | 11 | Over the last couple of weeks, since , we’ve been hearing joining businesses in suspending sales in Russia. It’s been a broad response, and clearly sends a message that companies will not continue to conduct business as usual in the country, but what actual economic impact will these actions have on these companie... |
Sorenson Ventures keeps focus on enterprise with new $150M fund | Ron Miller | 2,022 | 3 | 11 | may not be a household name, but the Lehi, Utah-based firm has quietly backed 30 enterprise startups since 2017 when it launched its initial $100 million fund, some exiting via acquisition and some sporting flashy valuations. Today, the company announced that it has raised its second fund, this one around $150 million... |
NetWalker ransomware operator extradited to the US, over $28M in bitcoin seized | Carly Page | 2,022 | 3 | 11 | A former Canadian government employee accused of carrying out dozens of attacks has been extradited to the United States, with more than $28 million in seized in connection with the case. Sebastien Vachon-Desjardins, who worked as an IT consultant for Public Works and Government Services in Canada, according to his... |
SPAC is a four-letter word again | Alex Wilhelm | 2,022 | 3 | 11 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week saw Equity back on the live-taping game, with , and gathering with and the TechCrunch video team (shoutout and Yashad!) to chat through the week’s news. Naturally we had... |
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