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Revel founder Frank Reig a year later on driving EV adoption in big cities | Rebecca Bellan | 2,022 | 5 | 13 | ago, when Revel was on the cusp of expanding into multiple business lines beyond its original scope of providing shared electric mopeds. Today, we’re taking a second look to see how far the startup has come, and the distance it has to cover to achieve its stated goal of helping urban cities transition to electric tr... |
When your startup’s core mission is set to be overturned | Natasha Mascarenhas | 2,022 | 5 | 14 | , a digital health startup that scales access to abortion pills, makes sense. It’s a direct-to-consumer pharmacy that aims to meet consumers where they are, which is especially important as the pandemic’s extended stay continues. Hey Jane’s core product has significant red tape to deal with. It’s main product, abortion... |
This Week in Apps: Google I/O wraps, a new ARCore API, Twitter deal drama | Sarah Perez | 2,022 | 5 | 14 | 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... |
On non-founder CEOs, turnarounds and priorities | Anna Heim | 2,022 | 5 | 14 | This may be your first time reading this newsletter — if so, welcome! If not, you already know that . And if you’ve read , you also know that I am taking over. This makes me something akin to a non-founder CEO, so today’s topic is also personal — . Our colleague Brian Heater wrote about earlier this week. But be... |
Here come the single-digit SaaS multiples | Alex Wilhelm | 2,022 | 5 | 14 | for a comeback on Friday after another torrid week of selloffs, it’s a fact that software valuations are testing new levels of price depression. There’s widespread damage as a result of all of those red charts plummeting down and to the right: The decline in the value of public software companies has been a key leadin... |
Can carbon capture startup Carbon Clean deliver on its cost claims? | Tim De Chant | 2,022 | 5 | 14 | earlier this week that it raised $150 million in a Series C that provides it with a sizable war chest to continue the development of its modular carbon capture system. Carbon Clean has won its share of admirers, most recently Chevron, which led the round, and BloombergNEF, which it a BNEF Pioneer last month in par... |
Another week of job slashes and crypto crashes | Greg Kumparak | 2,022 | 5 | 14 | Hi friends! Welcome back to , the newsletter where we wrap up many of the top stories to cross TechCrunch’s front page over the last seven days. The this week — at least based on what our backend suggests readers cared about most — was the crypto market plunging hard and fast. Bitcoin is down over 25% month-over-mon... |
Metaverse app BUD raises another $37M, plans to launch NFTs | Rita Liao | 2,022 | 5 | 22 | , a nascent app taking a shot at creating a metaverse for Gen Z to play and interact with each other, has raised another round of funding in three months. The Singapore-based startup told TechCrunch that it has closed $36.8 million in a Series B round led by Sequoia Capital India, not long after it secured a Series A e... |
Stripe and Plaid suit up for battle | Alex Wilhelm | 2,022 | 5 | 22 | from Stripe and Plaid indicate the two private companies are gunning for one another as the market for B2B financial technology matures, expands and individual players increasingly overlap. It might sound silly that Stripe, best known for its payments technology, and Plaid, best known for its API that connects consume... |
‘Move-to-earn’ Solana app StepN is latest crypto gaming craze | Rita Liao | 2,022 | 5 | 22 | in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three million users worldwide are now active on the app every month, StepN’s co-founder Jerry Huang recently told TechCrunch. That number is nowher... |
Indigov lands more funding to connect besieged lawmakers and their oft-frustrated constituents | Connie Loizos | 2,022 | 5 | 25 | Republican lawmakers are facing over the deadliest mass shooting at an American school in nearly a decade yesterday, with many of their constituents expressing frustration over their repeated votes against even modest gun control reforms. Social media can’t solve the problem. , a three-year-old, 70-person Washington... |
Venture’s mixed signals | Mary Ann Azevedo | 2,022 | 5 | 22 | Reporting on startups and the venture world at a time like this is a series of contradictions. One day, we’re reading about investment giants like Tiger Global . Then the next, I open my inbox to see pitches for nine-figure funding rounds (hello, ) and the birth of new unicorns (looking at you, ). One day, I’m hea... |
Why a downturn can separate the recession-proof startups from the ‘hacks’ | Ron Miller | 2,022 | 5 | 22 | of economics is upon us — what goes up must come down — and we appear to be headed for the down part of the equation. But all is not lost. If you need a reminder, Venmo, Instagram, Uber and WhatsApp of 2008. When I think about recessions, I remember what an electrician said while working on my house during the dot-c... |
Unacademy tells employees to focus on profitability at all costs to ‘survive the winter’ | Manish Singh | 2,022 | 5 | 25 | Unacademy, one of the high-profile Indian startups, has urged its employees to learn how to work under constraint and focus on reaching profitability as the SoftBank and Tiger Global-backed online learning platform predicts a dry funding spell across the industry for as long as 18 months. The Bengaluru-headquartered st... |
Twitter agrees to pay $150M for breaking privacy promises | Rebecca Bellan | 2,022 | 5 | 25 | Twitter has as part of a settlement with regulators over allegations that the social media company misrepresented the “security and privacy” of user data over several years. The FTC and Department of Justice said that between May 2013 and September 2019, Twitter asked users for personal information to secure their ac... |
Starliner returns to Earth after a successful first trip to ISS | Devin Coldewey | 2,022 | 5 | 25 | Boeing’s Starliner spacecraft has successfully touched down at the White Sands Missile Range in New Mexico after ferrying a load of supplies to the International Space Station — its first successful orbital mission. Though not everything went exactly to plan, this success may establish Boeing as a much-needed second pr... |
Twitter stock jumps on news that Elon Musk still wants to buy it … maybe | Alex Wilhelm | 2,022 | 5 | 25 | Shares of Twitter are sharply higher in after-hours trading in the wake of a detailing changes to how Elon Musk is approaching buying the company. In short, Musk initially indicated that he would execute a margin loan of $12.5 billion against other holdings to help finance his purchase of the social media platform. H... |
Daily Crunch: a16z literally doubles down, announces $4.5B Crypto Fund IV | Christine Hall | 2,022 | 5 | 25 | It’s Wednesday the 25th of May, 2022, and we are devastated by the events of the last couple of days. It’s hard to put together a newsletter about tech against the backdrop of a school shooting. Big news events impact everyone differently, so please remember to give yourself and those around you a bit of extra space. W... |
Dear Sophie: Does International Entrepreneur Parole have any advantages over an O-1 visa? | Sophie Alcorn | 2,022 | 5 | 25 | 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... |
Not trademarking can be an Excruciatingly Expensive® and Wildly Annoying® mistake | Haje Jan Kamps | 2,022 | 5 | 25 | I was recently talking to a startup that was airing its frustration over . The problem? The company had been spending 2 years building up its SEO and brand recognition for its cybersecurity products. Needless to say, when Apple launches a product and puts it on its website and cover the launch, chances of being fo... |
Announcing the TechCrunch+ Stage Agenda at Disrupt 2022 | Alex Wilhelm | 2,022 | 5 | 25 | year that we are returning to in-person events here at TechCrunch, which means that after a few years running remotely, our flagship event is . But while we are shaking up the last few years of Disrupt history — thanks, COVID — we are keeping some things the same. The TechCrunch+ stage for one, which is great news ... |
Fintech Bolt just laid off over 100 employees across engineering, sales and marketing | Natasha Mascarenhas | 2,022 | 5 | 25 | One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say. CEO Maju Kuruvilla confirmed the workforce reduction but did not say how many people were impacted or what roles were targeted. “It’s no secret that the market conditions acro... |
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Lucid recalls all of its 2022 Air EVs due to wiring issues | Jon Fingas | 2,022 | 5 | 25 | Despite already , luxury EV maker Lucid has now issued a recall for due to potential issues stemming from the car’s wiring harness. In a recent notice spotted by , a summary for the recall says unsecured wires on 2022 Air vehicles could cause the car’s displays to turn off. And because the Air’s displays contain ... |
Box positive momentum continues with revenue up 18% and improved guidance | Ron Miller | 2,022 | 5 | 25 | Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being . But today, the company announced its earnings, and revenue was up 18% over the prior year to $238.4 million, easily beating consensus estimates of $235 million, according to the company. This marks the fifth consecutive quarter of i... |
NASA awards $2 million to moonshot solar sail project | Stefanie Waldek | 2,022 | 5 | 25 | The concept of solar sails is not particularly new — just check out the Planetary Society’s , French startup or . But one group of researchers is pushing the technology to new heights. The Diffractive Solar Sailing project as been awarded Phase III status in the , which comes with a $2 million budget to bring the ... |
Jeep parent company Stellantis will reportedly plead guilty to emissions fraud | Igor Bonifacic | 2,022 | 5 | 25 | The world’s fifth-largest automaker will reportedly soon plead guilty to end a multi-year investigation into its efforts to conceal the amount of pollution created by its diesel engines. According to , the US Justice Department and Dodge parent company Stellantis could announce as early as next week that the automaker... |
SEC weighs crackdown on phony environmental and social justice funds | Harri Weber | 2,022 | 5 | 25 | Environmental and social justice-focused funds are — so much so that the Securities and Exchange Commission is mulling new regulations to clamp down on funds that fail to back up certain altruistic claims. On Wednesday, the SEC proposed of its Names Rule, which enables the agency to take action against mutual and e... |
Apple VP kindly reminds retail workers that they can say no to unions | Amanda Silberling | 2,022 | 5 | 25 | As a handful of Apple retail locations begin the process of unionizing, the trillion-dollar company’s vice president of people and retail Deirdre O’Brien delivered a warning to 58,000 retail staff in a video that was to The Verge. “I want to start off by saying that it is your right to join a union, and it’s equally ... |
Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion | Jacquelyn Melinek | 2,022 | 5 | 25 | , Terraform Labs founder Do Kwon shared a plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month, bringing down the crypto markets with them. Today, Terra’s plan has passed and been approved by the community. “Terra 2.0 is coming,” Terra’s official Twitter accou... |
Google Photos starts rolling out new Real Tone filters | Aisha Malik | 2,022 | 5 | 25 | Google Photos is beginning to introduce new Real Tone filters this week, Google . The new filters are rolling out on Android, iOS and the web and can be accessed in the ‘Filters’ tab in Google Photos’ image editor. The company says the new Real Tone filters were designed by “professional image makers” to accurately re... |
Jack Dorsey steps down from Twitter’s board | Taylor Hatmaker | 2,022 | 5 | 25 | Former Twitter CEO Jack Dorsey’s time at the company has come to an end. Dorsey stepped down from Twitter’s board of directors Wednesday, a change that’s effective as of the company’s shareholders meeting. Dorsey had already begun to distance himself from the social media platform he co-founded, leaving late last yea... |
Spy agency pumps billions into orbital imagery companies BlackSky, Maxar and Planet | Devin Coldewey | 2,022 | 5 | 25 | A massive contract from the National Reconnaissance Office will put billions in the pockets of new and established Earth observation companies BlackSky and Planet, and the more generalist Maxar. The “Electro-Optical Commercial Layer” contracts will be paid out over the next five to 10 years. As you might imagine, incre... |
Marathon Venture Capital adds to its newest fund to back Greek founders around the globe | Connie Loizos | 2,022 | 2 | 3 | , an Athens, Greece-based venture firm co-founded in 2017 by two stalwarts of the Greek startup scene, has added €30 million in capital commitments to its second fund roughly a year after completing a with €40 million. Backers of the vehicle, which is more than twice the outfit’s €32 million debut effort, include the... |
In Ford’s transition to EVs, cost-cutting takes center stage | Rebecca Bellan | 2,022 | 2 | 3 | Ford has made cost-cutting a key piece of its EV strategy as the company works to improve profit margins while meeting what CEO Jim Farley has called of its new electric vehicle models. During the company’s fourth-quarter and full-year earnings call on Thursday, Farley said Ford has set up a task force dedicated to l... |
Aptiv’s latest investment shows that software-defined vehicles are here to stay | Rebecca Bellan | 2,022 | 2 | 3 | Automakers keen to sell vehicles loaded with features and software services — in a bid to generate more revenue — . These so-called software-defined vehicles contain Neither Aptiv nor Kopetz confirmed whether MotionWise would be applied to Motional vehicles in the future. The , which was originally launched in 201... |
Snap finally did it, y’all | Alex Wilhelm | 2,022 | 2 | 3 | , unveil the banners, cue the parade. . And we don’t mean adjusted-EBITDA profitable, adjusted-operating-income profitable, or even the infamous non-GAAP-net-income profitable. It’s -profit profitable. In the fourth quarter of 2021, Snap reported $1.3 billion in revenue (up 42% year over year), an operating loss of $... |
Amazon is increasing the annual price of Prime to $139 in the US | Aisha Malik | 2,022 | 2 | 3 | Amazon is increasing the price of in the United States, the company announced on Thursday as part of its quarterly and full-year . The monthly fee is going from $12.99 to $14.99 and the annual membership is rising from $119 to $139, marking a 17% increase. The price change will go into effect on February 18 for new ... |
11 ways to make personalized shopping more effective and profitable | Vitaly Alexandrov | 2,022 | 2 | 3 | Since customer-centric digital strategies are now the norm for successful brands, the current focus should be on ways to use new tools and tech to differentiate your brand experience from the competition. This is not so different from how brick-and-mortar shops operate: Customers walk in and are immersed in specific br... |
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The truth about management in Silicon Valley: It doesn’t exist | George Arison | 2,022 | 2 | 3 | The tech industry is home to some of the world’s greatest innovators, most profitable and valuable companies, and incredible startup success stories. But, these achievements notwithstanding, it’s also a space where there’s a surprising lack of appreciation for skilled management. I founded three companies and have work... |
Dolby acquires low-latency streaming platform Millicast | Frederic Lardinois | 2,022 | 2 | 3 | today announced that it has acquired , a WebRTC-based developer platform for building ultra-low-latency video streaming experiences, as it works to build out its developer platform. The promise of Millicast, which was founded in 2018, is that it can deliver content across the globe in broadcast quality and with sub-s... |
Better.com loses more top execs in wake of Vishal Garg’s return as CEO | Mary Ann Azevedo | 2,022 | 2 | 3 | , , |
How to organize and execute an effective hybrid sales kickoff event in 2022 | Alon Alroy | 2,022 | 2 | 3 | in a world required to pivot from business-as-usual in person to Zoom meetings, and now to a mix of both. Many companies are continuing to consider various strategies to plan and host an effective, engaging sales kickoff. According to a recent event participation survey conducted by MarTech, respondents rated the . A... |
With a plan to decarbonize heating systems with hydrogen, Modern Electron raises $30M | Devin Coldewey | 2,022 | 2 | 3 | A huge amount of energy use on our planet goes toward creating heat, and not only that, but a large amount of that energy is wasted and byproducts like CO blasted into the atmosphere. could change that with a new system that captures the emissions and produces clean hydrogen, right inside a home or building, and $30 ... |
Daily Crunch: Mos evolves from fintech into challenger bank, as early users start post-college lives | Alex Wilhelm | 2,022 | 2 | 3 | Hello and welcome to Daily Crunch for Thursday, February 3, 2022! Today we have a few angles on the startup market. The gist is that there are some positive signals to digest, as well as some more cautionary data points. I think it nets out to a changing market, but not one that has settled on a new level of risk toler... |
Tackling touchpoints on your customer’s path to purchase | Jonathan Martinez | 2,022 | 2 | 3 | Someone clicks your ad on Facebook, and they choose to purchase the item for sale. We’d be in Utopia if that’s how 100% of user interactions panned out. However, as you might have guessed, such immediate success is far from what happens in real life. Many startups are hyper-focused early on with their ads’ click-throug... |
Over the borderline | Brian Heater | 2,022 | 2 | 3 | before times of 2018, Ayanna Howard joined us onstage at our Robotics event to discuss human-robotic interactions, along with UC Santa Cruz’s Leila Takayama and Veo Robotics’ Patrick Sobalvarro. Plenty has changed since then — both for Howard and, you know, just in the world, generally — so it seems as good a time as ... |
Google Workspace goes all in on shadow IT | Frederic Lardinois | 2,022 | 2 | 3 | Google today a new version of , the company’s productivity service that you probably still . With the new — and free — Google Workspace Essentials plan, Google wants to bring more business users onto the platform by offering them the basic Workspace productivity tools — with the exception of Gmail. Until now, in or... |
Homeland Security establishes the Cyber Safety Review Board to learn the mistakes from past cyber incidents | Carly Page | 2,022 | 2 | 3 | The has assembled a review board that will be tasked with investigating major national incidents in an effort to “meaningfully improve” the nation’s cyber resilience. The Cyber Safety Review Board (CSRB), whose creation was set in motion by a May 2020 executive order signed by President Biden in response to the , ... |
Over 500 mobile apps are now using the term ‘metaverse’ to attract new users | Sarah Perez | 2,022 | 2 | 3 | A true “metaverse” , but that hasn’t stopped marketers from adopting the buzzword to promote their apps and games on mobile app stores. According to new data shared today by , there are now 552 mobile apps that include the term “metaverse” in their apps’ titles or descriptions, in hopes of capturing consumer interest... |
Novi is building a B2B marketplace for brands that care about sustainability | Haje Jan Kamps | 2,022 | 2 | 3 | It’s that old chestnut: You are a fancy-pants brand wanting to make a product that makes you feel all warm and fuzzy inside because you only use fair-trade, sustainably grown ingredients and materials, but you don’t know where to turn. Next thing you know, comes bursting through the wall holding a freshly squeezed pi... |
GM Ventures invests in startup building fast charge-capable battery tech | Rebecca Bellan | 2,022 | 2 | 3 | Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles. Alongside lead investor Lotte Chemical and investment c... |
ACME Capital, run by Scott Stanford and Hany Nada, has $300 million more to invest in early startups | Connie Loizos | 2,022 | 2 | 4 | , an early-stage venture firm that’s run by industry insiders Scott Stanford and Hany Nada, has just closed two funds totalling $300 million in capital commitments, including a $240 million early-stage fund and a $60 million vehicle for later-stage bets. The money is significant given that the outfit’s last fund closed... |
A Twitter slap fight goes wrong | Connie Loizos | 2,022 | 2 | 4 | Certain VCs who tweet a lot have grown a little vituperative of late, with some of the most powerful people in the industry lashing out in unprecedented ways. Two who spring to mind are Chris Dixon and Marc Andreessen, who’ve lately shown little patience for influential people who question whether the promise of crypto... |
Daily Crunch: Shark Tank India host Ashneer Grover tries to get his BharatPe CEO removed from board | Alex Wilhelm | 2,022 | 2 | 4 | Hello and welcome to Daily Crunch for Friday, February 4, 2022! The TechCrunch team is getting pretty stoked for our 2022 slate of live and online events. Equity and Found – for which I can confirm that – and . It’s going to be, if I may, a party. – / Getty Images One recent survey of sales and marketing profe... |
3 views: How should creators weigh monetization strategies in the platform era? | Alex Wilhelm | 2,022 | 2 | 4 | The scrap between Joe Rogan, Spotify, has resurfaced the simmering . Given that creators include everyone TikTok performers mega-podcasters, YouTube celebrities, and Instagram influencers, no single revenue model will work for them all. But do creators have to employ all revenue models to make their business math-ou... |
Apple will reportedly hold its next hardware event in early March | Igor Bonifacic | 2,022 | 2 | 4 | Apple will host its next hardware event sometime on or around March 8th, according to . At the event, the company will reportedly announce the third-generation , a refresh of the and a new Mac computer that will feature an Apple Silicon chip. The date aligns with the March to April timeframe Mark Gurman previousl... |
Experts Weekly: Microsegmentation, PMF experiments and personalized shopping | Miranda Halpern | 2,022 | 2 | 4 | Elise King, director of Human Ventures’ entrepreneur-in-residence program and member of the firm’s investment team, spoke with founders and tells us about finding product-market fit. Returning contributor Jonathan Martinez shares his thoughts about using segmentation and retargeting to boost conversions: There are myr... |
Jar raises $32 million in Tiger Global-led funding to help Indians start their saving and investment journeys | Manish Singh | 2,022 | 2 | 3 | A seven-month-old fintech app that is helping millions of Indians to begin their investment and saving journeys has attracted the attention of Tiger Global. The Bengaluru-based said on Thursday it has raised $32 million in its Series A financing round, just . The New York-headquartered investor led the new round, wi... |
Discord is testing forums, new mod tools and homepages that surface hot topics in some servers | Taylor Hatmaker | 2,022 | 2 | 4 | Discord will start testing a handful of new features in some of its biggest communities this week. The social audio and chat platform got its start connecting gamers for online play, but it’s grown into one of the main ways to build a thriving online community, complete with custom emoji, , topic channels and a whole ... |
TechCrunch+ roundup: Stealth recruiting, virtual sales kickoffs, Google Cloud’s Q4 | Walter Thompson | 2,022 | 2 | 4 | Traditionally, companies hold in-person sales kickoffs (SKOs) in January and February to network, educate sales teams about new products and devise strategies for the year ahead. These days, the convention centers and hotel ballrooms that once hosted those events are dark and quiet. Even though most employees are vacci... |
Should tech bootcamps keep using job placement metrics in their advertising? | Natasha Mascarenhas | 2,022 | 2 | 4 | Coding bootcamp Nucamp will no longer publish job placement metrics in its advertising materials, a move that CEO Ludovic Fourrage is making to rebuild student trust in the industry. “Students have to be accountable for finding the right job in the industry, and too often placement is easily used as a justification of ... |
After the acquisition: 3 startup executives share their exit experiences | Ron Miller | 2,022 | 2 | 4 | at , then-CEO of Pure Storage, Scott Dietzen, was asked about the possibility of exiting via acquisition. He didn’t pull any punches: “Acquisitions always suck, and suck worse than you think that they are going to suck.” That doesn’t sound like is the best thing that could happen to your startup, but this is only o... |
How to recruit when your software startup is in stealth mode | Michael Fey | 2,022 | 2 | 4 | valuable asset is its people, especially for organizations still in their infancy. A startup’s founding team can be the difference between an industry-changing unicorn and just another failed venture, making early recruitment one of the most critical processes in a company’s first year. But the war for tech talent has... |
On Meta’s ‘regulatory headwinds’ and adtech’s privacy reckoning | Natasha Lomas | 2,022 | 2 | 4 | What does Meta/Facebook’s favorite new phrase to bandy around in — as it warns of “ ” cutting into its future growth — actually mean when you unpack it? It’s starting to look like this breezy wording means the law is finally catching up with murky adtech practices which have been operating under the radar for years —... |
Meta adds ‘personal boundaries’ to Horizon Worlds and Venues to fight harassment | Kris Holt | 2,022 | 2 | 4 | is a feature called Personal Boundary in its and Horizon Venues virtual reality spaces to combat harassment. Each will have a bubble with a radius of two virtual feet, so they won’t be able to come within around four feet of each other. If someone tries to move into your personal space, their forward motion will... |
Circular takes on Oura with a $259 smart ring | Brian Heater | 2,022 | 2 | 4 | Oura wasn’t the first smart ring to market, but over the course of its life, the device has had surprisingly little competition. In general, it’s proven difficult for consumer hardware companies to find a toehold beyond the wrist. Though the brand’s relative success has no doubt raised hope that the fitness band/smartw... |
Spotify CEO hints HiFi tier delay is related to licensing issues | Aisha Malik | 2,022 | 2 | 4 | Spotify CEO Daniel Ek has hinted that the of the streaming service’s HiFi subscription tier is related to licensing issues. Speaking to analysts and investors during Spotify’s quarterly and annual earnings release on Wednesday, Ek stated that the company doesn’t have much to share about its plans for the HiFi tier, b... |
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Why 2022 insurtech investment could surprise you | Alex Wilhelm | 2,022 | 2 | 4 | markets for insurtech startups in 2021: one welcoming and one dismissive. Private market investors poured capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies down — and then further down as the year progressed. The decline in the value of public ins... |
Numeral wants to turn bank accounts into microservices | Romain Dillet | 2,022 | 2 | 4 | Meet , a French startup that wants to upgrade corporate bank accounts. While clients interact with Numeral using a modern application programming interface (API), the startup connects directly to bank servers to upload payment files and interact with outdated information systems. By abstracting that layer of complexit... |
We’re building a social+ world, but how will we moderate it? | John S. Kim | 2,022 | 2 | 4 | Social is not just what you do on Facebook anymore; it’s what you do in every single app you use. Think of the experience on Venmo, Strava, Duolingo or even Sephora. Companies that implement social components into their apps and services, known as social+ companies, are thriving because they can establish connections a... |
Collaborate with the founder community at TechCrunch Early Stage 2022 | Alexandra Ames | 2,022 | 2 | 4 | Ready to get serious about launching a startup? Aspiring and newly minted entrepreneurs will find all the essential building blocks they need to create a solid foundation for startup success at . This live, in-person event takes place on April 14 in San Francisco, California. The day-long founder summit offers three c... |
Q5D is using robots to automate electronic wiring during manufacturing | Brian Heater | 2,022 | 2 | 5 | Q5D’s proposition is a simple one: use robotics to automate the process of producing wiring harnesses for electronics. It’s one that — surprisingly — is often still executed by hand, owing to its overall complexity. It’s a process, the company is quick to point out, that hasn’t really changed all that much over the pre... |
This Week in Apps: Open App Markets Act, Facebook loses daily users, Snap turns a profit | Sarah Perez | 2,022 | 2 | 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... |
Edtech’s search for the magic metric | Natasha Mascarenhas | 2,022 | 2 | 5 | Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, If there’s one sector that is incessantly in pursuit of Magic Metrics, it’s edtech. For the past two years, I’ve spoken with every top investor and founder in the industry and each of them have made their own, independ... |
Equity Shot: Making sense of the Paypal and Alphabet earnings | Alex Wilhelm | 2,022 | 2 | 5 | Hello and happy weekend from the Equity crew! We had a busy week, including a Twitter Space with and taking to the mics to dig into some tasty public-market news. Naturally our show is more startup-focused than public-market centered. But! We can learn a lot from the world of public companies that have a wide footp... |
The startup sobriety gambit | Alex Wilhelm | 2,022 | 2 | 5 | Hello and welcome to the weekend, my friends! Today we’re sticking to simple fare. The meat and potatoes — pea protein and gluten-free starches? — of our beat, namely startup activity. So, read on for some news from startups that we think are pretty neat. Not to beat the personal drum too hard, but I’ve had my ins and ... |
The rise of defense tech is bringing Silicon Valley back to its roots | Josh Wolfe | 2,022 | 2 | 5 | The timeless quest for national competitive advantage has accelerated with globalization. During the Cold War, the United States and the U.S.S.R. fought an ideological and a military race, but never one over consumer products: No American was interested in buying a Soviet toaster. Now, the lines are blurred; countries ... |
Cloud infrastructure market soared to $178B in 2021, growing $49B in one year | Ron Miller | 2,022 | 2 | 4 | It’s kind of a broken record at this point, but the cloud infrastructure market continues to grow at an astonishing rate. Over the last year, it added almost $50 billion in business, growing to $178 billion this year, according to data. similar numbers. As for the quarter, Synergy reports the market reached $50 b... |
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Reigniting the Pentagon and Silicon Valley partnership | Mike Brown | 2,022 | 2 | 5 | On November 15, 2021 Russia launched an anti-satellite missile into low-earth orbit without warning, successfully destroying a Russian satellite. Projectile debris from this event not only endangered the astronauts aboard the International Space Station, but also could cause severe damage to satellites that support cri... |
Veed, an online video editing platform, picks up $35M from Sequoia | Ingrid Lunden | 2,022 | 2 | 2 | Video is the beating heart of the most popular content online these days, and it’s not just because it’s entertaining. It’s also because of how accessible it is: It’s become incredibly easy for anyone, whether you’re technical or not, to make, post or watch video. Today, a London-based startup called that’s built an ... |
Flip, a chat and HR app for frontline workers, raises $30M as it passes 1M users | Ingrid Lunden | 2,022 | 2 | 2 | of the world’s workforce, , do not spend their days in front of computers, and that has led to a strong disparity when it comes to technology, with some 1% of IT investment targeting them as users. That’s been changing very rapidly with the rise of smartphones and apps, and today, one of the startups that’s seen its ... |
Scale AI gets into the synthetic data game | Kirsten Korosec | 2,022 | 2 | 2 | Scale AI’s path to becoming a $7.3 billion company was paved in real data from images, text, voice and video. Now, it is using that foundation to get into the synthetic data game, one of the hotter and emerging categories in AI. They announced Wednesday an early access program to , a product that machine learning engi... |
Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa | Annie Njanja | 2,022 | 2 | 2 | Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance covers accessible to more people across Africa. Bluewave insurance, also a Kenyan startup, was founded by Adelaide Odhiambo, who now joins Lami as the head of commercial partnerships. Since its laun... |
Annotell raises $24M for tech that tests autonomous vehicle perception systems to improve how they work | Ingrid Lunden | 2,022 | 2 | 2 | As the automotive industry inches slowly ahead on the road to self-driving vehicles, we’re seeing the emergence of startups aiming to fill in some of the technical gaps in autonomous systems as they exist today. In the latest development, , a startup out of Sweden that makes software to assess the performance of auton... |
With a $22B run rate, does it matter if Google Cloud still loses money? | Ron Miller | 2,022 | 2 | 2 | has been chasing competing services from Amazon and Microsoft for so long, you might think it would be getting winded. But keeps on keeping on, yesterday of more than $5.5 billion for the fourth quarter. That was the good news. The bad news was that Google Cloud accrued operating losses worth $890 million at the s... |
Daily Crunch: With $4M pre-seed round, Casava sets new funding record for African insurtech | Alex Wilhelm | 2,022 | 2 | 2 | Hello and welcome to Daily Crunch for Wednesday, February 2, 2022! Today we’re talking about AI code generation, fintech declines and the creator economy. Yes, it’s a grab bag because there’s just so darn much going on. Read on to catch up! – Today we’re talking crypto, creators, and a full-on of funding rounds. Sou... |
Facebook isn’t growing anymore | Taylor Hatmaker | 2,022 | 2 | 2 | The biggest social network in the world isn’t getting any bigger. Meta posted its Wednesday, sharing financials that disappointed Wall Street enough to send its stock into a nose dive. Shares of the company, still trading under the ticker symbol FB for now, plunged 20% as the numbers hit. While Meta’s last quarter sa... |
Homeland Security eyes robot dogs to patrol the southern border | Brian Heater | 2,022 | 2 | 2 | The United States Department of Homeland Security ongoing work with its Science and Technology Directorate exploring the use of quadruped dog robots on the nation’s southern border. Specifically, the department is deploying these Spot-like robots to patrol stretches that might otherwise be inhospitable to human agent... |
Why Facebook and Spotify are getting hammered in after-hours trading | Alex Wilhelm | 2,022 | 2 | 2 | If you own stocks, bad news, you probably just lost money. Social networking giant Meta, better known as Facebook, is off more than 20% in after-hours trading. And Spotify, music streaming impressario and podcasting middleweight, is off more than 15% after the close of trading today. Both sharp declines come in the wak... |
3 views: What does ‘Line Go Up’ tell us about the state of the NFT art market? | Walter Thompson | 2,022 | 2 | 2 | market is incredibly hot. Collectors spent $22 billion on NFTs in 2021, up from $100 million the year before. Late last month, Canadian videographer Dan Olson released about his strongly held views on web3 and blockchain technology titled “Line Goes Up — The Problem With NFTs.” In a nutshell: Olson asserts that web3... |
These are the 6 companies in Graham & Walker’s latest accelerator class | Greg Kumparak | 2,022 | 2 | 2 | , an accelerator and venture fund focused on helping female and non-binary founders, has announced the latest batch of companies to enter its accelerator program. I hopped on a call with G&W founder Leslie Feinzaig to hear what’s new with the program and what these six new companies are up to. If you’re unfamiliar with... |
Anthony Levandowski’s latest moonshot is a peer-to-peer telecom network powered by cryptocurrency | Kirsten Korosec | 2,022 | 2 | 2 | data network — accompanied by the quinfecta of a , Medium post, , dedicated subreddit and Discord channel — quietly launched late Tuesday evening in San Francisco, promising a new way to exchange data anonymously and at high speeds without relying on legacy carriers, and at a cheaper price. The peer-to-peer open so... |
Travel experiences app Headout survives the Omicron surge, grabs $30M more in funding | Sarah Perez | 2,022 | 2 | 2 | Though the COVID-19 pandemic almost immediately devasted the business of travel booking startup , the company has been able to return to growth as domestic travel rebounded in recent months. The service, which helps consumers book tours, events and other experiences and activities in cities around the world, delivered... |
Coatue leads a $69,420,000 funding round | Lucas Matney | 2,022 | 2 | 2 | Many crypto detractors contend that the web3 space is buoyed by meme money, so Coatue leading a $69,420,000 Series B in a blockchain startup shouldn’t leave them too surprised. The investment — made in crypto analytics platform — brings the startup’s valuation to $1 billion. The crowd-sourced data platform has grown ... |
Lamborghini is still figuring out its first EV | Roberto Baldwin | 2,022 | 2 | 2 | CEO Stephan Winkelmann has no time for celebration, despite being at the helm of an automaker that posted an all-time sales record for 2021 — a milestone driven by demand for its ultra luxury Urus SUV. The leader of the Italian supercar maker has more pressing matters than basking in the glory of sales that grew more ... |
Sunroom is an alternative creator platform empowering women to cash in | Taylor Hatmaker | 2,022 | 2 | 2 | Founded by alums of Hinge and Bumble, Sunroom is a creator platform that throws out the stuff that makes mainstream social media apps such a hostile place for women. And, ideally, it wants to help them get paid in the process. The app was co-founded by Lucy Mort, former design director at Hinge, and Michelle Battersby,... |
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