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Google teams up with the NBA to host a ‘virtual’ Pixel Arena inside the NBA App | Aliya Chaudhry | 2,022 | 4 | 18 | Google and NBA have , a virtual space tied to the 2022 NBA Playoffs, inside the . The Google and NBA Pixel Area aims to give fans a virtual experience based on real-time information from the games. App users can access the Pixel Arena through the NBA app by selecting a specific game. Here, you can use your phone’s gy... |
Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation | Ingrid Lunden | 2,022 | 4 | 27 | Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and easy. Tech is rushing in to fill that gap, and today a Berlin-based startup called , which has built a popular mobile assistant to address the... |
Oware is streamlining Pakistan’s supply chain | Catherine Shu | 2,022 | 4 | 27 | Oware co-founders Raza Kazmi and Adil Nisar. Oware Managing goods as they make their way through multiple warehouses and logistics providers is one of the biggest headaches that businesses in the supply chain face. After leaving his job at Careem, Adil Nisar founded a company that sources, manufacturers and distribut... |
Post-pandemic, used car platforms are booming — the latest is Spotawheel with €100M | Mike Butcher | 2,022 | 4 | 27 | Used-car digital platforms have been proliferating across the world for a handful of significant reasons, but most of those are related to our recent pandemic (still ongoing, of course). Among those reasons is the rapid digitization of the used car industry, as startups have flooded the market with easier-to-use platfo... |
Baidu, Pony.AI win first driverless robotaxi permits in China | Rebecca Bellan | 2,022 | 4 | 27 | Chinese internet giant Baidu and autonomous vehicle company Pony.ai have received permits to provide driverless ride-hailing services to the public on open roads in Beijing, according to both companies. To date, numerous cities in China have allowed autonomous vehicle companies to test self-driving vehicles without a h... |
Sumutasu secures $10M to digitize Japan’s real estate market | Kate Park | 2,022 | 4 | 27 | Sumutasu has adopted an iBuyer model — meaning it buys houses directly from homeowners, renovates them at scale, then resells them to buyers. While the U.S. and Europe have a more competitive iBuyer market with Opendoor, Zillow, Offerpad and Redfin, Japan has a nascent iBuyer industry, according to the company. |
Meta says Reels now makes up over 20% of the time users spend on Instagram | Aisha Malik | 2,022 | 4 | 27 | Meta announced during its call that Reels, its short-form video feature and TikTok rival, now makes up more than 20% of the time that people spend on Instagram. The company also noted that video, overall, makes up 50% of the time that users spend on Facebook. Although Meta didn’t specify how much of that time is made... |
Daily Crunch: US dangles reward up to $10M for info on 6 elite Russian military hackers | Christine Hall | 2,022 | 4 | 27 | It’s April 27, 2022, and here’s a thing we didn’t see coming: May. What the hell happened to this month, this year? As the summer equinox draws closer, the weather warms up and the days get longer, we long drinks with tiny rainbow umbrellas in them. If you’re reading this in the Southern Hemisphere: Sorry for our summe... |
Dat Bike is the creator of Vietnam’s first domestic electric motorbike | Catherine Shu | 2,022 | 4 | 27 | Dat Bike founder and CEO Son Nguyen. Dat Bike is on a journey to reduce the amount of gasoline used in Vietnam. The startup makes electric motorbikes with key components that it designs and produces domestically to reduce costs and improve performance. Today, Dat Bike announced it has raised a $5.3 million Series A ... |
WhatsApp follows Google in giving cash-back rewards to win payments users in India | Manish Singh | 2,022 | 4 | 27 | WhatsApp, the , is employing one of the most popular strategies that has proven to drive users in the world’s second largest market to a service: cash-back. The Meta-owned instant messaging service is running a campaign as part of which it is giving away about 11 Indian rupees, or 14 cents, up to three times to users ... |
Meta says its metaverse biz lost another $3B… but the 2030s will be ‘exciting’ | Amanda Silberling | 2,022 | 4 | 27 | Do you hear that? It’s the sound of every Meta executive breathing a deep sigh of relief, because , Facebook’s daily active users (DAUs) are up… a little. For the second time since its rebrand from Facebook, Meta has reported its . Last time, the Facebook platform reported its first decline in DAUs in its 18-year his... |
Elon Musk wins $13B suit over SolarCity deal Tesla shareholders called a ‘bailout’ | Harri Weber | 2,022 | 4 | 27 | A Delaware judge has sided with Elon Musk in a brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company’s board into buying SolarCity back in 2016. Seeking as much as $13 billion in damages, the shareholders alleged that Tesla’s $2.6 billion, all-stock SolarCity deal amounte... |
Ford earnings weighed down by Rivian stake | Alex Wilhelm | 2,022 | 4 | 27 | Ford reported Wednesday a multibillion-dollar loss in the first-quarter due to a massive write-off on the value of its stake in Rivian. Shares still rose in after-hours trading as investors focused more on Ford’s fundamentals — including beating analysts’ estimates on revenue and adjusted earnings — and not its Rivian ... |
Dear Sophie: When should I sponsor engineers for green cards? | Sophie Alcorn | 2,022 | 4 | 27 | 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 attorney. “Whether you’re... |
ChowNow founder on rethinking food delivery to serve local restaurants first | Maggie Stamets | 2,022 | 4 | 27 | Welcome back to , the TechCrunch podcasts that get the stories behind the startups. This week we’re joined by Chris Webb from Chow Now. |
OneWeb founder Greg Wyler’s new startup wants to launch a ‘sustainable’ satellite mega-constellation | Aria Alamalhodaei | 2,022 | 4 | 27 | The proliferation of space junk in low Earth orbit is a problem that isn’t going away. Instead, it’s getting worse — a fact that grabbed headlines last November when a Russian direct-ascent anti-satellite test produced enough new pieces of debris that astronauts aboard the International Space Station were forced to con... |
HBO Max app just had one of its best quarters to date, but app performance still has room to improve | Lauren Forristal | 2,022 | 4 | 27 | Sensor Tower’s “ ” report saw HBO Max as a top contender for the most downloaded apps in the U.S. Not only did the app make the top five list, but it also had the second-best month overall in the month of January. In addition, HBO Max had the best quarter on the U.S. App Store for any SVOD (subscription video on demand... |
null | Amanda Silberling | 2,022 | 4 | 18 | null |
In leaked all-hands meeting, Twitter CEO fields questions about Elon Musk’s takeover | Amanda Silberling | 2,022 | 4 | 27 | If you wanted to be a fly on the wall during the first Twitter all-hands meeting after the platform accepted Elon Musk’s , you’re in luck. While Twitter declined to comment on the leak, the dialogue appears to be consistent with about the call. And while Twitter CMO Leslie Berland that an audio clip from the meeti... |
The corporate venture comeback: What startups considering CVC need to know | Luisa Rubio Arribas | 2,022 | 4 | 27 | investments (CVCs) now represent of global venture. The bigger slice of the funding pie comes as founders have to navigate a more . Amid the Ukrainian conflict and rising inflation — with many investors being more cautious with their dollars — startups are welcoming the longer-term stability that corporates can offer... |
PayPal shuttering its San Francisco office | Mary Ann Azevedo | 2,022 | 4 | 27 | Another fintech, Stripe, in 2020 in favor of South San Francisco. This is a developing story. |
Ex-Chime engineers raise $4M for B2B payments infrastructure startup Streamlined | Mary Ann Azevedo | 2,022 | 4 | 27 | While working as the head of treasury at Braintree, once discovered a $90 million payment that went “missing” for over two weeks because of poor payments infrastructure. “It was my first week on the job, and I received an email from a client saying ‘I think you shorted us $90 million,’” he recalls. “I looked into it,... |
Choco gets its horn amid mission to remove food waste from supply chain | Christine Hall | 2,022 | 4 | 11 | , a company aimed at building a more sustainable food system for restaurants and suppliers, brought in another big raise — this time $111 million in what it’s calling a Series B2 round — to boost its valuation to $1.2 billion. The new investment, an internal round led by G Squared alongside Insight Partners, comes just... |
Twitter rolls back change, restoring the text of deleted embedded tweets | Taylor Hatmaker | 2,022 | 4 | 11 | Twitter quietly reversed a the company implemented last week, restoring the text of since-deleted tweets embedded on external websites. The change was first spotted by Twitter user @ . IndieWeb developer Kevin Marks initially , criticizing Twitter for “tampering with the public record” by intentionally hiding the te... |
Honda to launch 30 EV models by 2030 | Rebecca Bellan | 2,022 | 4 | 11 | Honda Motor Co. will launch 30 EV models by 2030 with a production volume of more than 2 million vehicles a year, the company said during a live briefing on Monday evening. The Japanese automaker said it will spend $40 billion (5 trillion yen) on electrification over the next 10 years, which includes building its own e... |
Aemi eases the challenges of social commerce in Vietnam | Catherine Shu | 2,022 | 4 | 11 | Aemi founders Hieu Nguyen and Kim Vu sellers can be as small as one person selling products to their followers on social media platforms like Instagram or Facebook. Many don’t have a web storefront and instead rely on private messages to take orders and payments. This might not seem like enough to move significant amo... |
SoftBank shifts LatAm plan with new early-stage spinout, Upload Ventures | Natasha Mascarenhas | 2,022 | 4 | 11 | SoftBank Latin America Fund announced today that it is spinning out its early-stage Latin American investment arm into a new autonomous entity, dubbed Upload Ventures. The new fund will back early-stage companies in the region at a pace of about $100 million per year. Last September, TechCrunch exclusively reported on ... |
PayMaya owner Voyager Innovations raises $210M at a valuation of $1.4B | Catherine Shu | 2,022 | 4 | 11 | , the owner of the Philippines’ payment and financial services app and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 billion. The round was led by SIG Venture Capital and included participation from EDBI and First Pacific Company, as well as returning shareholders PLDT,... |
Demo at TC Sessions: Mobility 2022, where tremendous value meets huge opportunities | Alexandra Ames | 2,022 | 4 | 11 | |
Daily Crunch: FDA clears Fitbit algorithm that passively scans for signs of AFib | Christine Hall | 2,022 | 4 | 11 | Welcome to the Daily Crunch for Monday, April 11, 2022! Today was the day that Elon Musk surprised us by saying he was , though at this point I think it is more of a “shame on me” as we should stop being surprised by anything he does. , luckily, . Spoiler alert: “Yes?” Completely unrelated in every way, made a gue... |
Meta’s Horizon Worlds is testing in-app purchases and creator bonuses | Amanda Silberling | 2,022 | 4 | 11 | Horizon Worlds, Meta’s social virtual reality app, is testing a feature that will let creators sell virtual items and effects within their worlds. This is only rolling out to a small group of creators to start, but it’s an important next step in Meta’s long game of building the foundation of virtual reality social netw... |
Max Q: One small step for man | Aria Alamalhodaei | 2,022 | 4 | 11 | Hello and welcome back to Max Q. It was a big week for private spaceflight. As usual, send feedback, comments and tips to In this issue: Axiom Space’s inaugural fully private space mission is a go. The four-person crew took off from NASA’s Kennedy Space Center inside a SpaceX Crew Dragon atop a Falcon 9 rocket on Frid... |
A sign-stealing scandal rocked baseball, this hardware is here to help | Brian Heater | 2,022 | 4 | 11 | the glove around his ear in frustration. The Yankee Stadium two-strike Death Star siren was blaring over the PA. The pitcher signaled frustration with a new piece of technology that’s quickly been rolled out on baseball’s biggest stage. Manager Aaron Boone walked out to the mound, handing Severino a replacement piece.... |
Major space companies pledge to boost diversity and publicly share hard numbers | Devin Coldewey | 2,022 | 4 | 11 | The world of aerospace has come a long way from the boys’ club it once was, but there’s still a ways to go. Today 24 companies, including major ones old and new like ULA, SpaceX, JPL and Rocket Lab, , with regular check-ins to keep each other honest. The Space Workforce 2030 pledge is just that, a pledge, and not some... |
Start your day with a panic attack, courtesy of the Doomsday Alarm Clock | Haje Jan Kamps | 2,022 | 4 | 11 | There are two types of people in the world. There are the people who like waking up softly, perhaps with some gentle music and some stretching to slowly shake off the gentle slumber as they transition from a night’s rest. Maybe journal your dreams, do some gratitude practice and hum to yourself as you run the kettle to... |
Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally | Ingrid Lunden | 2,022 | 4 | 11 | Globalization has been one of the biggest trends in e-commerce in the last decade: internet rails facilitate a much wider marketplace of would-be consumers and a selection of items for them to buy; and to meet that demand manufacturing and logistics have also made great geographical leaps. Now, a startup that’s built a... |
Meta subpoenaed tiny rival Dispo to prove it isn’t a monopoly | Taylor Hatmaker | 2,022 | 4 | 11 | On a quest to show the FTC that it isn’t a monopoly, Meta flooded a wide swath of major tech companies . But the company is apparently demanding documents from much smaller “rivals” too. Photo-sharing app received its own subpoena from the company on March 23. In the subpoena, Meta makes 36 separate requests for Dis... |
China’s game engine Cocos raises $50M, goes beyond games | Rita Liao | 2,022 | 4 | 11 | Cocos Technologies, a China-based game engine provider that has been around since 2010, just it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. Investors include Cocos is best known for its cross-platform, open source engine for 2D mobile games, but many ha... |
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A look at six new funds begs the question: Is a slowdown really coming? | Christine Hall | 2,022 | 4 | 11 | There’s been talk of a slowdown in venture funding recently, with TechCrunch looking at it from different angles, including the sector, a and even earlier on in case it happens. If that slowdown comes, however, it could happen slowly, given that our inboxes are filled with news about newly raised venture funds. I... |
DeFi giant Uniswap launches venture arm to invest in other crypto companies | Anita Ramaswamy | 2,022 | 4 | 11 | Uniswap Labs, the company behind the popular decentralized finance (DeFi) protocol, has launched a venture capital arm to invest in web3 projects. Uniswap Labs Ventures, the new division, will invest in companies across various stages and areas within web3, from infrastructure to developer tools and consumer-facing app... |
Kickstarter will now hide reported comments pending review | Aliya Chaudhry | 2,022 | 4 | 11 | it will now automatically hide from public view comments reported by creators until its Trust and Safety team has reviewed them and made a decision as to whether the comment should remain or be deleted, in an effort to curb the number of abusive comments visible on the platform. Creators will also now have the option t... |
Daily Crunch: Musk’s Twitter purchase plan calls for new CEO, monetization strategies, job cuts | Christine Hall | 2,022 | 4 | 29 | Friday, more like Fri-yay! It’s April 29, 2022, we’re here with the latest headlines, but honestly our brains are mostly focused on all the hardcore fun we’re going to have this weekend. Like doing laundry, napping, playing with our pets, reading a book for a while and sleeping in. I know, we’re old and boring, deal wi... |
USV quietly announces $625M in fresh funding for ‘both Web2 and Web3’ teams | Connie Loizos | 2,022 | 4 | 29 | (USV), the 19-year-old, New York-based venture firm, has raised $ for its eighth early-stage fund and $350 million for its fourth opportunity fund, the firm announced in a yesterday. In sharing news of the two new vehicles, firm partner Andy Weissman and the firm’s general counsel, Samson Mesele, wrote that USV plan... |
Jack Dorsey says he’s against permanent Twitter bans, with an asterisk | Natasha Mascarenhas | 2,022 | 4 | 29 | On Friday afternoon, former Twitter chief executive Jack Dorsey turned to the platform that he co-created to speak about its future, days after the company was bought for $44 billion by Elon Musk. , Dorsey said he doesn’t believe in permanent bans, with the exception of illegal activity. “As I’ve said before, I don’t ... |
Pitch deck pro tips from a leading Silicon Valley venture capitalist | Matt Burns | 2,022 | 4 | 29 | at Emergence Capital, where she invests in early-stage enterprise software companies. During TechCrunch’s Early Stage event, she headlined a session dedicated to giving feedback on pitch decks. What follows is a small slice of Lotti’s input from the session. Constructing pitch decks is part art and part science. And t... |
Why a bipartisan embrace of crypto might never touch Bitcoin | Lucas Matney | 2,022 | 4 | 29 | Hey everyone, and welcome back to Last week was our inaugural newsletter and we chatted at length about the changes Twitter could make to expand its crypto business. At that point, I — like many others — was operating under the assumption that a Musk Twitter deal was ultimately doomed, but low and behold we’ve got a de... |
DoorDash extends gas rewards program for delivery people on its platform through August | Aisha Malik | 2,022 | 4 | 29 | DoorDash today that it’s expanding its gas rewards program for delivery people on its platform. The program enables delivery people using their DasherDirect card to receive 10% cash back on their gas purchases, anywhere in the United States. The company announced the rewards program last month with the goal of offset... |
Autonomous Cruise car encounter with police raises policy questions | Kyle Wiggers | 2,022 | 4 | 11 | No technology is perfect. Even self-driving cars trained to obey traffic laws are bound to run into issues that cause them to commit a citable offense. Such was the case with a Cruise-operated hatchback in San Francisco last weekend, which was pulled over by local law enforcement for failing to switch on its headlights... |
Airbnb will no longer offer COVID-19-related refunds beginning May 31 | Kyle Wiggers | 2,022 | 4 | 29 | Airbnb today announced that it will soon no longer offer refunds for COVID-19-related circumstances, including cases where a guest or host becomes sick with COVID-19 — reflecting an update to the company’s extenuating circumstances policy. Beginning May 31, Airbnb hosts’ cancellation terms will apply “as usual,” Airbnb... |
TechCrunch+ roundup: Finding product-market fit, pitch deck teardown, getting into YC | Walter Thompson | 2,022 | 4 | 29 | Earlier this month at TechCrunch Early Stage, . A standing-room-only crowd packed the venue as Dame spoke about her experience leading product and engineering efforts at Uber, Yahoo and Smugmug, sharing some of what she learned about gathering customer data, iterating quickly to validate ideas, and the challenges that... |
Amazon stock plunges to two-year low following first-quarter loss | Aisha Malik | 2,022 | 4 | 29 | Amazon stock plunged to a two-year low as shares slid as much as 12% on Friday morning after the company reported its yesterday. The company reported a loss of $3.84 billion, or $7.56 a share, for the first quarter. In the first quarter of last year, a profit of $8.1 billion, or $15.79 a share. The company said Thur... |
Anthropic’s quest for better, more explainable AI attracts $580M | Devin Coldewey | 2,022 | 4 | 29 | Less than a year ago, by former OpenAI VP of research Dario Amodei, intending to perform research in the public interest on making AI more reliable and explainable. Its $124 million in funding was surprising then, but nothing could have prepared us for the company less than a year later. “With this fundraise, we’re... |
Vyoma is the latest player seeking to prevent satellite collisions with space junk | Stefanie Waldek | 2,022 | 4 | 29 | As you might’ve heard, it’s getting a little crowded in space, between thousand-satellite constellations à la SpaceX’s Starlink and the millions of pieces of space junk accumulated from decades of launches. But it’s also getting a little crowded in the space-monitoring space, with a number of companies competing to cre... |
Charged with billions in capital, meet the 9 startups developing tomorrow’s batteries today | Tim De Chant | 2,022 | 4 | 29 | yesterday on its pickup truck, a do-or-die vehicle that takes the automaker’s — and the United States’ — best-selling vehicle and swaps its gas-guzzling engines for powerful electric motors juiced by more than 1,800 pounds of batteries. The mattress-sized pack can deliver over 300 miles of range, but if Ford wants t... |
Aurora’s Sterling Anderson and FedEx’s Rebecca Yeung discuss the future of autonomous trucking at TC Sessions: Mobility 2022 | Kirsten Korosec | 2,022 | 4 | 29 | |
How Lydia wants to make payments more personal and social | Romain Dillet | 2,022 | 4 | 29 | unveiled a brand new design for its financial super app. And it’s an opinionated take on mobile payments — not just a fresh coat of paint. I sat down with the company’s founders to discuss the thinking and vision for the future of Lydia. In many ways, Lydia isn’t standing still and keeps reinventing itself. The comp... |
null | Natasha Lomas | 2,022 | 4 | 11 | null |
CEOs at AMP Robotics, Novoloop and Nth Cycle will discuss disrupting recycling at TC Sessions: Climate | Alexandra Ames | 2,022 | 4 | 29 | |
Elon Musk has reportedly lined up a new Twitter CEO, shared ideas for monetizing tweets | Aisha Malik | 2,022 | 4 | 29 | Elon Musk has lined up a new CEO for Twitter and told banks that agreed to help fund his $44 billion acquisition offer about his plans to monetize tweets, according to a . A source told Reuters that Musk has decided on who he plans to appoint as the new chief executive of Twitter, but the source didn’t name the person.... |
Roku experiences slow growth with only 1.1 million accounts added in first quarter | Lauren Forristal | 2,022 | 4 | 29 | Roku’s first quarter of 2022 shows signs of slowdown, particularly with a slowing of total net revenue and subscriber growth, which was below what analysts estimated. There was a significant decrease in streaming unit player sales, as well, due to numerous challenges. With only 1.1 million incremental active accounts a... |
Robinhood’s sinking value is proof that ‘free’ can often be very costly | Alex Wilhelm | 2,022 | 4 | 29 | about fintech is the promise of unlocking more tools for more people. In a broad sense, the current era of fintech has done just that — people around the world now have access to financial services that were earlier either completely out of reach before, or, at a minimum, prohibitively expensive. , , , , , and, ... |
Amazon still undisputed king of public cloud, but Microsoft is creeping closer | Ron Miller | 2,022 | 4 | 29 | It’s not exactly shocking news at this point that the cloud infrastructure market had another standout quarter. After the big three vendors — Amazon, Microsoft and Google — reported earnings this week, we were once again provided a big result with that the market reached $53 billion for the quarter, up 34% from the p... |
Does it smell like teen spirit, or teen bankruptcy? | Alex Wilhelm | 2,022 | 4 | 29 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week! Which meant that was on the mic with , and our ever-trusty producer, helped us power through. A big shout-out to Dennis, Julio and Yashad for getting all the tec... |
Metaverses grapple with Meta versus Apple | Lucas Matney | 2,022 | 4 | 16 | Hello readers, and welcome back to ! Last week, I talked about Apple and crypto. This week, we’re talking about Apple clashing with Meta over their metaverse taxes. After sending out hundreds of these newsletters, next week will sadly be my last time sending out but more excitingly it will also be my first time sendi... |
We’re still in founder-friendly market, kind of | Natasha Mascarenhas | 2,022 | 4 | 16 | I’ve been thinking a lot about silos, or the lack thereof, within startupland. There’s sometimes an artificial wall that is put up between companies at different stages of growth, when in reality, everyone is in the same room, clinking glasses and tripping over the same rug. Let me be more precise. As the late-stage ma... |
What’s the real argument in favor of Musk buying Twitter? | Alex Wilhelm | 2,022 | 4 | 16 | The move by Elon Musk to has proved polarizing. Not that we should be surprised; mega-deals are always clarifying moments. But the Musk-Twitter saga has also brought with it enough external that the discussion on the proposed transaction can be a little hard to parse. Perhaps no commentary has been more humorous than... |
Deep Science: AI cuts, flows and goes green | Devin Coldewey | 2,022 | 4 | 16 | Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artificial intelligence — and expl... |
Meet the Zoox robotaxi alongside co-founder Jesse Levinson at TC Sessions: Mobility 2022 | Kirsten Korosec | 2,022 | 4 | 16 | In the 18 months since the Zoox robotaxi made its virtual debut, the custom-built vehicle has been largely under wraps. That is, until , a two-day in-person event scheduled for May 18 and May 19 in San Mateo. Co-founder and CTO Jesse Levinson will introduce the Zoox robotaxi for its first IRL public appearance on our ... |
This Week in Apps: Elon bids for Twitter, WhatsApp adds Communities, Spotify goes ‘Live’ | Sarah Perez | 2,022 | 4 | 16 | 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 . Global spending... |
Neobank Fi finalizing funding at $700 million valuation | Manish Singh | 2,022 | 4 | 16 | Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter. Alpha Wave Global, formerly known as Falcon Edge Capital, is leading the round, sources said. Singapore’s Temasek is also in talks to invest in the new round, on... |
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Let’s stop pretending there are silos in startupland | Natasha Mascarenhas | 2,022 | 4 | 16 | thinking a lot about silos, or the lack thereof, within startupland. There’s sometimes an artificial wall that is put up between companies at different stages of growth, when in reality, everyone is in the same room, clinking glasses and tripping over the same rug. Let me be more precise. As the late-stage market has ... |
Musk sells $8.5 billion worth of Tesla shares | Rebecca Bellan | 2,022 | 4 | 28 | Elon Musk sold around 9.6 million shares of Tesla stock this week, worth about $8.5 billion, according to regulatory filings. Musk still holds about 16% of the automaker. The value of the sales in the filings disclosed were initially around $4 billion, per TechCrunch calculations. Later filings showed sales more than d... |
Glorang scores $10M Series A to expand its edtech marketplace across Asia | Kate Park | 2,022 | 4 | 28 | The coronavirus pandemic has forced students in many parts of the globe to become online learners; t |
Airbnb commits to fully remote workplace: ‘Live and work anywhere’ | Devin Coldewey | 2,022 | 4 | 28 | Airbnb is going all in on the “live anywhere, work anywhere” philosophy that much of the business world has been forced to adopt, committing to full-time remote work for most employees as well as a handful of perks, like 90 days of international work/travel. It’s a strong, simple policy that so few large companies have... |
Revise raises $3.5 million to build rails for programming NFTs | Manish Singh | 2,022 | 4 | 28 | A popular criticism of NFTs is that they are just static JPEG files. Technically, they are not, of course. They are pieces of code on a blockchain, which means they can be programmed to have various qualities. The NFTs that go on sale on marketplaces such as OpenSea are already programmed with instructions on the royal... |
Apple’s services revenue hits a record $19.8B in Q2, reaches 825M paid subscriptions | Sarah Perez | 2,022 | 4 | 28 | Amid , Apple also delivered record-breaking services revenue up 17% year over year to reach $19.8 billion. The category — which includes businesses like the App Store, Apple TV+, Apple Music, cloud services and others — also grew to reach 825 million paid subscriptions on Apple’s platform. This figure is up more tha... |
Daily Crunch: In latest earnings release, Twitter admits to miscounting users for the second time | Christine Hall | 2,022 | 4 | 28 | It’s Thursday, April 28, 2022, and Haje’s blood pressure is slowly returning to what passes for normal after . Look, it’s hard to get used to the quirks and foibles of a new country, OK? Nobody tell him about how healthcare works in this country, please; we’d never hear the end of it. In other news, TechCrunch has a s... |
Apple sold a lot of iPhones last quarter. And Macs. And also Watches. And other stuff, too. | Brian Heater | 2,022 | 4 | 28 | Apple earnings today found the company busting all sorts of records for hardware sales. In a release, the firm notes that it hit March quarter revenue records for iPhone, Mac and the combined Wearables, Home and Accessories category, which includes all sorts of products like Apple Watch and Airpods. iPhones sales jumpe... |
Bitcoin miners say energy efficiency and regulatory certainty are crucial for the industry’s success | Jacquelyn Melinek | 2,022 | 4 | 28 | criticized as an imperfect process due to its energy expenditure, but major firms in the industry are trying to maximize efficiency and sustainability while seeking regulatory clarity. In a dimly lit room at the FTX and SALT’s Crypto Bahamas event, some of the largest crypto miners in the world took the stage to discu... |
DJI suspends sales in Ukraine and Russia | Brian Heater | 2,022 | 4 | 28 | The Russia-Ukraine war is far from the first time DJI has has . But the Shenzhen-based drone giant is trying its best to stay away from any implication that it might be taking sides in the on-going conflict. Following calls to halt sales in Russian, the firm issued a statement titled “DJI Reassesses Sales Compliance E... |
MIT develops a speaker thinner than sheet music | Haje Jan Kamps | 2,022 | 4 | 28 | If you’re into cars, you may have heard of vinyl wrapping, which can change the appearance of a car. Engineers from MIT have taken a similarly thin material and created a skinny film that can turn pretty much any surface into a speaker. According to its inventors, it can create high-quality audio with minimal power con... |
Why Latin America’s freight-forwarding opportunity is still attracting capital | Anna Heim | 2,022 | 4 | 28 | money into Latin America’s logistics and shipping businesses,” our former colleague Jon Shieber . But a pandemic later, amid unrest over gasoline prices across the globe, it’s time for a revisit. (YC W19) is a good starting point for comparison. In February 2019, the Mexican startup was just graduating from Y Combin... |
Netflix layoffs hit Tudum, its editorial arm, just five months after launch | Amanda Silberling | 2,022 | 4 | 28 | Netflix laid off a contingent of its editorial staff just after launching its in-house publication Tudum. Netflix declined to share further details, but said that the Tudum is not being shut down. Over ten writers have tweeted that they were laid off, including an editorial manager. The layoffs reportedly total acr... |
Are bidirectional EV chargers ready for the home market? | Jim Motavalli | 2,022 | 4 | 28 | vehicle chargers are adept at taking power off the grid and delivering it to your car, but what if the vehicle could also automatically keep the lights on during blackouts and offset electricity costs by returning power to its source during high-demand times? A growing number of companies, including automakers GM and ... |
Google’s new user controls let you limit ads about weight loss, parenting and more | Aisha Malik | 2,022 | 4 | 28 | Google is introducing new users controls to allow people to limit the number of ads they see about pregnancy, parenting, dating and weight loss. The company first announced in the United States and enabled users to choose to see fewer gambling and alcohol ads. Since the initial launch, these controls have rolled out ... |
Techstars debuts new fund for companies too early for its own accelerator | Natasha Mascarenhas | 2,022 | 4 | 28 | accelerator born in Boulder, Colorado, has always been comfortable carving out niches. Unlike perhaps its closest competitor, Y Combinator, Techstars has gone the divide and conquer route of early-stage startups support: Instead of one massive batch, it has dozens of dedicated programs all over the world, ranging from... |
DeltaX wants to digitize the Andean region’s trucking sector | Anna Heim | 2,022 | 4 | 28 | Transportation startup is accelerating its plans to digitize the trucking industry in its native Bolivia and beyond thanks to a recent $1 million seed round. DeltaX operates in the same space as , and – freight forwarding (plainly, helping companies move goods from point A to point B). But the startup focuses on... |
Sealed will eat the cost of decarbonizing your home if it can’t cut your energy waste | Harri Weber | 2,022 | 4 | 28 | If you own a home, Sealed has a heat pump to sell you. The Manhattan-based startup, which helps homeowners replace their oil- and gas-gulping heating systems via an unusual financing model, has secured an additional $29.5 million in a new deal led by property-tech investor . Other investors, including Robert Downey Jr... |
Pinterest addresses the TikTok threat in its first quarter earnings | Sarah Perez | 2,022 | 4 | 28 | Pinterest may have in the first quarter, but the company is not out of the woods yet when it comes to carving out a place for its service in today’s competitive landscape. In particular, Pinterest is up against a credible threat with the rise of TikTok when it comes to social commerce. The idea that you could be insp... |
Optimus Not-Ready-for-Prime-Time? | Brian Heater | 2,022 | 4 | 28 | off another installment of the newsletter by talking a bit about our upcoming robotics event. Honestly, though. It’s one I’d been thinking about before I even knew if we’d be returning to an in-person event this year. Daniela Rus and Matthew Johnson-Roberson have both appeared on TC stages and in this newsletter ove... |
Swiggy and Zomato, food delivery rivals in India, back UrbanPiper in $24 million funding | Manish Singh | 2,022 | 4 | 17 | UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday. The six-year-old startup’s Series B funding was led by existing investors Sequoia Capit... |
January Ventures’ new fund will help young startups navigate this ‘Darwinian moment’ | Natasha Mascarenhas | 2,022 | 4 | 28 | When and first launched their venture capital firm, Jane VC, The goal was to back female founders who weren’t based in Silicon Valley, didn’t have rapport with top investors from their Stanford days and were largely being left out from venture capital as an asset class. Fast forward to today, the firm has certain... |
Fintech Roundup: The gloves are off in the spend management space | Mary Ann Azevedo | 2,022 | 4 | 17 | Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Brex co-founders Henrique Dubugras (L) and Pedro Franceschi (R)/Brex So now, TripActions — which was once more focused on enterprises — is going after SMBs and growth-stage companies. Li... |
Sequoia Capital India pledges to take proactive steps amid fraud allegations at some startups | Manish Singh | 2,022 | 4 | 17 | Sequoia Capital India, one of the most prolific and successful investors in India and Southeast Asia, addressed the fraudulent practices allegations levelled against some of its portfolio startups and pledged to take proactive steps to do more to drive increased compliance. In a blog post , the storied venture fund sa... |
In major reversal, Elon Musk is not joining Twitter’s board | Manish Singh | 2,022 | 4 | 10 | Elon Musk, the world’s wealthiest man and the largest shareholder of Twitter, will no longer be joining the social media firm’s board, CEO Parag Agrawal said late Sunday, in a surprising reversal following last week’s announcement that the Tesla and SpaceX chief executive had been . The Sunday disclosure from Agrawal,... |
Deep Science: Combining vision and language could be the key to more capable AI | Kyle Wiggers | 2,022 | 4 | 10 | Depending on the theory of intelligence to which you subscribe, achieving “human-level” AI will require a system that can leverage multiple modalities — e.g., sound, vision and text — to reason about the world. For example, when shown an image of a toppled truck and a police cruiser on a snowy freeway, a human-level AI... |
Arrival’s Avinash Rugoobur to reveal EV built with Uber at TC Sessions: Mobility 2022 | Kirsten Korosec | 2,022 | 4 | 10 | Arrival, a U.K.-based electric vehicle company that went public last year, has set itself a lofty goal. The company aims to produce electric vehicles that cost less than other EVs competes with pricing on fossil fuel-powered vehicles. A lofty goal requires a bold plan. For Arrival, that means bypassing the traditiona... |
null | Amanda Silberling | 2,022 | 4 | 28 | null |
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