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European cloud firms call for clearer ‘ex ante’ rules to end abusive software licensing | Natasha Lomas | 2,022 | 2 | 9 | European cloud computing companies have raised the alarm over what they say is a “critical loophole” in the EU’s flagship plan to tackle anti-competitive behaviors by gatekeeping digital giants. In an sent to competition commissioner and EVP Margrethe Vestager this week, 41 European cloud enterprises called for an ur... |
Envisioning Partners closes on $64M fund for climate tech startups | Kate Park | 2,022 | 2 | 8 | null |
Destinus plans to fly a hydrogen-powered, hypersonic cargo craft with $29M seed round | Devin Coldewey | 2,022 | 2 | 8 | A new venture from space infrastructure company Momentus founder and former CEO Mikhail Kokorich aims to build a hypersonic aircraft for autonomous cargo delivery around the world. While the craft is far from completion, let alone testing and certification, a $29 million seed round should help things along. The stated ... |
To cope with stricter data regulation, enterprises should look to fully open APIs | Jean-Paul Smets | 2,022 | 2 | 8 | as a young enterprise: You are a customer of Azure, AWS, or the Google Cloud Platform, assuming they are the frontrunners. While traveling in Russia or a European Union country on a mission to expand your business, you discover that you’re required to have data locally stored. Even worse, in the EU, you face the GDPR ... |
Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others | Tage Kene-Okafor | 2,022 | 2 | 8 | null |
Shared mobility company GoTo Global is going public through a shell company merger | Rebecca Bellan | 2,022 | 2 | 8 | GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoT... |
Daily Crunch: After slashing 2,800 jobs, Peloton taps former Spotify CFO to replace outgoing CEO | Alex Wilhelm | 2,022 | 2 | 8 | Hello and welcome to Daily Crunch for Tuesday, February 8, 2022! Today we’re talking layoffs, blockchain infra, a called-off mega-deal, and chip-based national security. It’s a killer group of stories, bringing us around the world and from the earliest stages of startup activity to the top of governance. A quick remind... |
Indian logistics firm Xpressbees becomes unicorn with $300 million fresh funding | Manish Singh | 2,022 | 2 | 8 | Xpressbees, an Indian logistics startup that , has more than tripled its valuation to $1.2 billion in a new financing round. The Pune-headquartered startup said on Wednesday it has raised $300 million — $100 million in primary and $200 million in secondary (to give partial exit to Alibaba and full exit to one unspecif... |
Lyft’s revenue growth masks active riders slippage | Alex Wilhelm | 2,022 | 2 | 8 | U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard ... |
Hydrogen production without CO2 is getting a boost with new tech from Verdagy | Haje Jan Kamps | 2,022 | 2 | 8 | Hydrogen pioneers — from “verde” for green, and “agy” for energy — raised $25 million from a fistful of strategic investors in the energy sector in a bid to take a messy, not-that-environmentally-friendly process of making hydrogen and replacing it with an industrially scalable solution with no nasties going into the... |
Daffy aims to make using donor-advised funds as easy as a few phone taps | Connie Loizos | 2,022 | 2 | 8 | Renowned Silicon Valley operator Adam Nash thinks you want to donate more than you do, and he’s about to make it dead simple for you to give more. Such is the message we received when talking late last week with Nash, whose most recent full-time roles include as a VP at Dropbox and president and CEO of the financial ad... |
Donation site for Ottawa truckers’ ‘Freedom Convoy’ protest exposed donors’ data | Zack Whittaker | 2,022 | 2 | 8 | The donation site used by truckers in Ottawa who are currently protesting against national vaccine mandates has fixed a security lapse that exposed passports and driver licenses of donors. The Boston, Massachusetts-based donation service GiveSendGo became the primary donation service for the so-called “Freedom Convoy” ... |
Eight years into his tenure, Satya Nadella looks to diversify | Ron Miller | 2,022 | 2 | 8 | that Microsoft used to stumble from time to time, especially when you look at its gaudy today. Around 2010, four years before Steve Ballmer as CEO, the company pretty much completely missed . When Nadella came on board as CEO eight years ago, his mission seemed to be to make damn sure the company didn’t make the ... |
DOJ seizes $3.6B in bitcoins after busting entrepreneur couple in Bitfinex laundering scheme | Anita Ramaswamy | 2,022 | 2 | 8 | The U.S. Justice Department (DOJ) has seized over 94,000 bitcoins that were allegedly stolen in the 2016 hack of crypto exchange Bitfinex and arrested a married couple suspected to have laundered the money, . The couple — Ilya Lichtenstein, 34, and Heather Morgan, 31 — faces charges of conspiring to launder money and ... |
Meta’s Oversight Board urges Facebook and Instagram to tighten doxing rules | Taylor Hatmaker | 2,022 | 2 | 8 | Meta’s external advisory organization issued Tuesday, urging the company to bolster its policies that protect users against doxing. Facebook requested advice on the policy last year, acknowledging that it had difficulty balancing access to public information with privacy concerns. The company now known as Meta’s curr... |
TechCrunch+ roundup: After the exit, starting up in stealth, Wag’s SPAC plans | Walter Thompson | 2,022 | 2 | 8 | Startups do not have a great survival rate. Nine out of ten will fail, and those that persist will likely need at least three to four years to become profitable. Entrepreneurs who are fortunate enough to make it across the finish line of an exit often still find themselves running uphill: reorganizations and layoffs cr... |
Come hang with us for live recordings of TechCrunch podcasts Equity and Found | Jordan Crook | 2,022 | 2 | 8 | Are you a numbers nerd? A people person? In either case, there’s a TechCrunch podcast for you. TechCrunch’s premier (only) podcasts and are kicking off 2022 with live recordings of the shows starting in February. Listeners can catch the live recordings on YouTube, Facebook or (to get even more involved) chat direct... |
null | Natasha Mascarenhas | 2,022 | 2 | 9 | null |
Subaru opens up reservations for its first EV, the Solterra | Kirsten Korosec | 2,022 | 2 | 8 | Forget the electric pickup truck wars, which has Ford, GM and Rivian duking it out for market share. The electric wagon-meets-crossover battle is heating up with Toyota, Subaru, Hyundai and Kia all introducing new EVs this year. The latest is Subaru, which Tuesday for its upcoming 2023 Solterra EV. The Solterra, the ... |
Amazon expands its telehealth service nationwide | Aisha Malik | 2,022 | 2 | 8 | Amazon’s telehealth program, Amazon Care, is now available nationwide, the company on Tuesday. Amazon Care offers both virtual care and in-person services. The Amazon Care model combines on-demand and in-person care and is meant as a solution from the search giant to address shortfalls in current offerings for health... |
Europe’s Chips Act to bake in up to €2BN in funding support for startups and scale-ups | Natasha Lomas | 2,022 | 2 | 8 | European Union lawmakers have today presented a Chips Act: Their plan, : to bolster regional sovereignty in semiconductor production and supply chain resilience through a package of targeted support for chip production inside the bloc, including in areas like R&D and via funding for startups and scale-ups working on c... |
UK Foreign Office calls in ‘urgent support’ after cyber incident | Carly Page | 2,022 | 2 | 8 | The U.K’s Foreign Office was the target of a “serious incident” that forced it to request urgent help. The incident was confirmed in a recently released . This document, published on February 4, reveals that the Foreign, Commonwealth and Development Office (FCDO) called in “urgent business support” from its cybersec... |
GoStudent acquires UK’s Seneca Learning and Spain’s Tus Media Group | Mike Butcher | 2,022 | 2 | 1 | European edtech unicorn has acquired the U.K.’s and Spain-based in a move which extends its reach into areas not previously touched by the Austrian unicorn. Seneca provides algorithmic learning content while Tus Media is an open tutoring marketplace. Terms of the deal were not disclosed. Both acquired companies w... |
EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors | Kirsten Korosec | 2,022 | 2 | 1 | Faraday Future is revamping its board, cutting the pay of two top executives and suspending at least one other, following an internal investigation that determined employees made inaccurate statements to investors and that its “corporate culture failed to sufficiently prioritize compliance,” . Faraday Future, which ha... |
Daily Crunch: India announces plans for digital rupee, 30% tax on crypto profits | Alex Wilhelm | 2,022 | 2 | 1 | Hello and welcome to Daily Crunch for Tuesday, February 1, 2022! I celebrated the first day of the month by having my internet cut out right as I started to prepare this newsletter for you. Am I panicked at having 1,000 words to produce in the next 38 minutes? Yes! But a lot is going on, so let’s get to work. – On the... |
GM’s Chevy Silverado EV already has 110,000 reservations | Rebecca Bellan | 2,022 | 2 | 1 | General Motors said it has secured more than 110,000 reservations for its new all-electric Chevrolet Silverado, which includes reservations from more than 240 fleet operators, Chair and CEO Mary Barra said in the company’s full-year and fourth quarter earnings letter to shareholders. The fresh reservations details on C... |
Apple News launches its first daily local newsletter, targeting Bay Area readers | Aisha Malik | 2,022 | 2 | 1 | Apple News is introducing its first daily local newsletter for the Bay Area and is actively exploring expanding the offering to other cities. The Bay Area daily local newsletter, which is reminiscent of a daily local paper, includes top stories across local news, sports, politics, dining and more. The stories are compi... |
Vertical farming firm Kalera eyes SPAC deal | Brian Heater | 2,022 | 2 | 1 | Another vertical farming operation revealed its This week, Florida-based Kalera to merge with Agrico Acquisition Corp. in a deal that values the agtech firm at $375 million. The move comes as plenty of excitement swirls around the category, though Kalera, which currently lists on the Euronext Growth Oslo exchange, h... |
Netflix adds more games, including Riot Games’ otherwise paid title ‘Hextech Mayhem’ | Sarah Perez | 2,022 | 2 | 1 | Streaming service Netflix is expanding its gaming lineup once again with the launch of two more titles, which will begin to roll out globally starting today at 5 PM ET. Among the new addition is Riot Games’ “ ,” a League of Legends story, which is also available through other gaming platforms and marketplaces, includin... |
null | Frederic Lardinois | 2,022 | 2 | 8 | null |
Fintech outperformed the market in 2021, and it’s set to do even better | Dana Stalder | 2,022 | 2 | 1 | on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. And despite public markets’ rocky start in early January, we’re confident that 2022 will be another b... |
Whose Your Landlord raises $2.1M for its rental review and data service | Alex Wilhelm | 2,022 | 2 | 1 | , or WYL, announced a $2.1 million seed round today led by , better known as BlackOps Ventures. TechCrunch readers will already be aware of BlackOps’ fund, . The goal behind the $13 million capital pool was to invest in Black founders. The WYL round indicates that the fund is living up to its plan. TechCrunch spoke ... |
Reddit co-founder Alexis Ohanian’s 776 closes new $500M venture fund | Mary Ann Azevedo | 2,022 | 2 | 1 | |
Firewalla launches its Purple gigabit home firewall | Frederic Lardinois | 2,022 | 2 | 1 | Over the course of the last few years, ‘s combined firewall and router devices have made a name for themselves as the go-to hardware security tools for many enthusiasts and small businesses. Today, the company started shipping its newest device, the , a diminutive gigabit firewall and router that is currently retaili... |
Docker makes comeback with over $50M in ARR two years into restructuring | Ron Miller | 2,022 | 2 | 1 | It’s surely been a turbulent couple of years for , the open source containerization company that launched in 2013, but it seems to have found its financial footing again. Today, it announced that over the last fiscal year, annual recurring revenue (ARR) has jumped 4x to over $50 million. That’s quite a comeback for a ... |
TechCrunch+ roundup: 3 customer experiments, Citrix-Tibco merger, building fundraising momentum | Walter Thompson | 2,022 | 2 | 1 | Stating the obvious: customer discovery is essential for startups that hope to achieve product-market fit. Unfortunately, most of us are not skilled when it comes to talking to strangers. Each member of a startup’s founding team was hired for a specific reason, but customer outreach rarely leads the list. Early-stage s... |
Raleigh’s Pendo acquires UK’s Mind the Product to boost global product manager community | Mike Butcher | 2,022 | 2 | 1 | Last year product analytics and digital adoption platform pulled in $110 million investment from private equity firm Thoma Bravo, and that was not long after a $150 million of funding. So the company — which allows companies like Okta, Salesforce and Zendesk to onboard new customers or get employees to adopt new so... |
Can carbon credits for improving forests help save them — and us — from climate change? | Natasha Lomas | 2,022 | 2 | 1 | Rising pressure on big business to address the threat of climate change by decarbonizing their ops has, in recent years, led to huge demand for carbon offset schemes — enabling companies to buy carbon credits to ‘offset’ emissions so they can claim to be ‘greening’ their activities, without having to make more substant... |
VC-backed DAO startups are racing to define what DAOs actually are | Lucas Matney | 2,022 | 2 | 1 | in web3, NFTs, DeFi and tokens, institutional investors are also looking at how they can leverage another crypto structure called DAOs to build a new model for community action on the internet. DAOs — or decentralized autonomous organizations — are at a very weird place in 2022. The crypto collectives theoretically ar... |
Framework looks to expand repairability beyond the laptop | Brian Heater | 2,022 | 2 | 1 | Last November, Apple announced the launch of Self Service Repair — a surprising addition for a company that has notoriously lacked such capabilities. Those changes didn’t happen in a vacuum, of course. The president and Congress have both been pushing to open the so-called right to repair. There are plenty of reasons f... |
Cruise, loaded with another $1.35B from SoftBank, opens up driverless ride-hailing to the public | Kirsten Korosec | 2,022 | 2 | 1 | Cruise is opening up its driverless robotaxi service to the public in San Francisco as the GM subsidiary creeps toward commercialization with a fresh $1.35 billion investment from SoftBank Vision Fund. SoftBank had previously committed to investing an additional $1.35 billion, on top of its initial $900 million investm... |
Mozilla rolls out new privacy features to its mobile and desktop VPN | Aisha Malik | 2,022 | 2 | 1 | Mozilla is rolling out new updates to its mobile and desktop VPN offerings, the company on Tuesday. With the launch of Mozilla VPN 2.7, the company is bringing one of Firefox’s popular add-ons, Multi-Account Containers, to the desktop platform and also introducing a multi-hop feature to the Android and iOS version of... |
SiriusXM figures out how to track audiences across its apps, including Pandora and Stitcher | Sarah Perez | 2,022 | 2 | 1 | The use of tracking cookies , and has mobile apps’ advertising revenues. But these changes have only prompted the adtech industry to get more creative with its solutions. The latest example comes from Pandora parent company SiriusXM, which this week rolled out a new way to identify and track its listening audience... |
Korean micromobility startup Swing grabs $24M for growth, expands to Japan | Kate Park | 2,022 | 2 | 6 | Apart from its Swing app, the shared micromobility startup recently launched a new app called that enables delivery riders to rent e-mopeds or e-scooters for just one or two days without the hassle of charging. More than 20 e-scooter rental companies are currently operating in South Korea, where there is no limit on ... |
Joby Aviation to launch air taxi service in South Korea | Rebecca Bellan | 2,022 | 2 | 6 | California-based electric vertical takeoff and landing startup Joby Aviation plans to offer an air taxi service in South Korea in partnership with SK Telecom (SKT), one of the country’s largest telecommunication companies. The two partners signed a strategic collaboration agreement on Sunday at Joby’s manufacturing fac... |
Samsung gets more fine-tuna to sustainability with phones made from fishing nets | Haje Jan Kamps | 2,022 | 2 | 6 | South Korean electronics giant Samsung has been banging its sustainability drum loudly over the past couple of years, with impacts that echo around its ecosystem. With and a big push for environmentally friendly supply chains, materials and manufacturing, the company has been pushing for a greener world than before. ... |
How long can Zuckerberg afford to bankroll the AR/VR market? | Lucas Matney | 2,022 | 2 | 6 | Hello friends, and welcome back to ! Last week, we talked about the “de-stonkifying” of the market. This week, we’re looking at a wounded Facebook/Meta that finds itself backed into a corner. If someone forwarded you this message, you can get this in your inbox from the , and follow my tweets Facebook Meta had a ba... |
Fintech Roundup: Corporate spend just can’t be a winner-takes-all space | Mary Ann Azevedo | 2,022 | 2 | 6 | Ramp co-founders Karim Atiyeh and Eric Glyman Pluto / Pluto co-founders CTO Nayeem Zen, CEO Mo Aziz, CPO Mohammed Ridwan Bold |
Carvana acquires Adesa US auction business for $2.2B to jump-start used car sales | Kirsten Korosec | 2,022 | 2 | 24 | Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a network of physical sites that could help bolster operations. The additional revenue and physical footprint that Adesa U.S. ... |
Singapore-based micromobility startup Beam secures $93M Series B, enters new markets | Kate Park | 2,022 | 2 | 24 | , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Beam says its onboard camera with computer vision will be rolling out at scale by Q3 this year. The company initially will be piloting the onboard camera tec... |
SEC opens investigation into Elon Musk over possible insider trading | Jon Fingas | 2,022 | 2 | 24 | Elon Musk isn’t about to any time soon. Sources for the SEC is investigating whether Musk and his brother Kimbal violated insider trading regulations with recent share sales. Officials are concerned Elon might have told Kimbal he planned to about selling Tesla stock, leading the brother to sell 88,500 shares ju... |
Daily Crunch: Overnight, Russia’s invasion puts Ukrainian tech industry on a war footing | Alex Wilhelm | 2,022 | 2 | 24 | Hello and welcome to Daily Crunch for Thursday, February 24, 2022. No peppy intro from me today; I am a little consumed with news outside our orbit. Now, to work. – And there was even more that went on today: Depict.ai for its work to provide e-commerce sites with better recommendation capabilities; a , or $4 for e... |
OMG, my Facebook was hacked! Here’s what to do | Haje Jan Kamps | 2,022 | 2 | 24 | Even technically sophisticated friends are currently getting “hacked” on Facebook — here’s how to avoid it, and how to make sure your hacked account is fully recovered. Usually, accounts are “hacked” because someone somehow gets a hold of your password. That’s bad for Facebook in particular, because people often use Fa... |
Implement differential privacy to power up data sharing and cooperation | Maxime Agostini | 2,022 | 2 | 24 | relied upon data masking, sometimes called de-identification, to protect data privacy. The basic idea is to remove all personally identifiable information (PII) from each record. However, a number of high-profile incidents have shown that even supposedly de-identified data can leak consumer privacy. In 1996, an MIT re... |
‘I need evidence yesterday’: Gesund raises $2 million to provide algorithm-validating data | Emma Betuel | 2,022 | 2 | 24 | It’s one thing to develop a medical algorithm, quite another to prove that it actually works. To do that, you need one crucial thing that’s hard to come by: medical data. And one startup is ready to provide that in spades, along with the tools to make validation studies easier. Gesund, founded in 2021, emerged from ste... |
UK wants to squeeze freedom of reach to take on internet trolls | Natasha Lomas | 2,022 | 2 | 24 | The UK government has (yet) more additions to its expansive and controversial plan to regulate online content — aka the . It says the latest package of measures to be added to the draft are intended to protect web users from anonymous trolling. The Bill has far broader aims as a whole, comprising a sweeping content ... |
null | Frederic Lardinois | 2,022 | 2 | 1 | null |
Clubhouse adds text-based chat rooms for the mic shy | Taylor Hatmaker | 2,022 | 2 | 24 | The voice-first social network has finally introduced a way for longtime lurkers to get in on the action. Clubhouse announced , adding a text chat feature into its voice rooms that’s akin to what people might see on YouTube or Twitch. In-room chat is an optional feature, so anyone running a conversation on Clubhouse c... |
Healthcare unicorn Ro parts ways with top execs after fresh round of funding | Natasha Mascarenhas | 2,022 | 2 | 24 | A week after healthcare unicorn , two top executives have parted ways with the company, per an internal email obtained by TechCrunch from multiple employees. In the e-mail, CEO and co-founder Zachariah Reitano said that COO George Koveos and GM of Ro Pharmacy Steve Buck are “moving on from Ro” in the coming weeks. Kov... |
Siri gains a new gender-neutral voice option in latest iOS update | Sarah Perez | 2,022 | 2 | 24 | Apple has developed a new Siri voice, now available in the beta versions of its iOS 15.4 software, that doesn’t sound obviously male or female. The decision to introduce a gender-neutral voice is one that sees the tech giant taking yet another step away from the criticism that, historically, digital assistants have . ... |
Equity Live: A short note about the ongoing situation in Ukraine | Alex Wilhelm | 2,022 | 2 | 24 | Hello friends, and welcome back to Equity, your podcast about the business of startups where we try our best to unpack the numbers and nuance behind the headlines with you. Today we gathered to do our live show, something that was scheduled a long time ago. Obviously, the world’s condition has changed since. So, we sat... |
Coinbase crushes expectations in Q4 earnings, but stock sinks as it reports slower start to year | Alex Wilhelm | 2,022 | 2 | 24 | Shares of Coinbase, the American crypto trading giant, initially soared when it but investors quickly sold off the spike bringing the stock price down as much as 9%, hovering just above an all-time low. The company bested investor expectations in the trailing period. However, citing a “decline in crypto asset volatili... |
If you give Tumblr $4.99 a month, you won’t have to see ads anymore | Amanda Silberling | 2,022 | 2 | 24 | Tumblr today that it’s rolling out an ad-free browsing experience for web and mobile. On a monthly basis, you’ll have to pay $4.99 per month for what Tumblr calls “ ,” but its yearly price of $39.99 gives you four months free. To opt-in, users can navigate to their account settings and press the “go ad-free” button, ... |
More automatons about buildings and food | Brian Heater | 2,022 | 2 | 24 | last year, we’re ramping up to return to Boston this July for our TC Sessions Robotics event. Our March 2020 event on the Berkeley campus was the last major in-person TechCrunch show before everything shut down. For what should probably be self-evident reasons, we decided that robotics is a subject best experienced up... |
VCs weigh in on Europe’s future in the critical deep tech market | Alex Wilhelm | 2,022 | 2 | 24 | is hard today. Russia is invading Ukraine as we write, and global markets are in freefall. This is the continent’s political and military backdrop. Last week, this column took a look at the . Europe’s economic future, in other words. We could have held off a day or two to compile this follow-up piece. But as many of ... |
How to strategically manage your startup advisor’s compensation | Matt Cohen | 2,022 | 2 | 24 | often attribute their success to a deep bench of mentors and advisors, but how do founders compensate these core parts of their network? I see tons of founders being asked to compensate advisors with hard cash, and I’m immediately shocked to hear they have graciously agreed to do so. Advisor compensation is something ... |
As brands clamour to back causes, Good-Loop raises $6M for its view-to-donate ad platform | Mike Butcher | 2,022 | 2 | 23 | Online advertising is generally terrible and our expectation that “information should be free” has tragically even ended up powering disinformation-filled social networks like Facebook. Many companies have tried and failed to turn advertising into a way to power good causes. What is to be done? When I met Amy Williams ... |
Indian neobank Niyo raises $100 million, tops 4 million customers | Manish Singh | 2,022 | 2 | 23 | India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market. Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Series C financing round... |
Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021 | Kirsten Korosec | 2,022 | 2 | 24 | Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of , missed deadlines and for lying to investors. In its released Thursday, Nikola ticked off a number of recent milestones and, critically, its plans to begin series production of its elec... |
Defy.vc’s Brian Rothenberg explains growth marketing strategies that don’t break the bank at TC Early Stage | Jordan Crook | 2,022 | 2 | 24 | |
Hear from these amazing investors and founders on TechCrunch Live this March | Matt Burns | 2,022 | 2 | 24 | has an exciting slate of episodes scheduled for March. The speakers come from a variety of disciplines, backgrounds and locations. Like always, each episode features an entrepreneur presenting their early pitch deck along with the investor who funded the company. We want to know how the founder hooked the VC, what mak... |
NayaPay secures $13 million, largest seed funding in South Asia for its messaging and payment app | Annie Njanja | 2,022 | 2 | 23 | Pakistan-based fintech platform has raised $13 million in a seed round to roll out its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. NayaPay CEO and founder told TechCrunch that the super-app allows people residing ... |
QuantrolOx uses machine learning to control qubits | Frederic Lardinois | 2,022 | 2 | 23 | , a new startup that was spun out of Oxford University last year, wants to use machine learning to control qubits inside of quantum computers. The company, which was co-founded by Oxford professor , tech entrepreneur , the company’s chief scientist and head of quantum technologies , today announced that it has rai... |
VC Brendan Wallace of Fifth Wall isn’t quite ready to invest in the metaverse | Connie Loizos | 2,022 | 2 | 23 | Almost exactly two years ago, we talked with Brendan Wallace, the co-founder of the property- and real estate tech-focused venture firm , about a trip from which he’d just returned. His visit had been to Singapore, where he described scenes of masks and social distancing and explained that, out of an abundance of caut... |
USPS snubs EVs, Biden with next-gen delivery fleet deal | Kirsten Korosec | 2,022 | 2 | 23 | The U.S. Postal Service is sticking with its original plan to replace up to 90% of its mail delivery fleet with gasoline-powered vehicles from Oshkosh Corp. The decision Under the approved program, USPS will buy between 50,000 to 165,000 mail trucks from the Wisconsin-based Oshkosh Corp. About 10% of those would have ... |
Daily Crunch: Sources say creator platform Fireside will cozy up to a $125M Series A | Alex Wilhelm | 2,022 | 2 | 23 | Hello and welcome to Daily Crunch for Wednesday, February 23, 2022! There is so much to get to today I won’t slow us down apart from saying that our . To work! – Before we jump into our daily download of startup doings, a few call-outs from today’s coverage. First, Varos is collecting data from customers to provide S... |
Tesla’s Kimbal Musk says company was ‘very ignorant’ of environmental impact of its Bitcoin purchase | Lucas Matney | 2,022 | 2 | 23 | In an interview with TechCrunch onstage at the Ethereum Denver conference, Tesla board member Kimbal Musk, brother of CEO Elon Musk, said that the company had been “very ignorant” of the environmental impact of Bitcoin when it announced last year that it would purchase $1.5 billion worth of the cryptocurrency and would... |
Inclusive live commerce: Engaging live agents to move beyond captioning | Dragorad Knezi | 2,022 | 2 | 23 | The inclusive shopping market may just be the largest untapped opportunity in the e-commerce world today. , it totals a staggering $8 trillion. It’s also not as fragmented as you might think. For example, experience vision impairments, while nearly . As a result, brands need to start looking at this as an opportunity... |
Mark Zuckerberg demos a tool for building virtual worlds using voice commands | Aisha Malik | 2,022 | 2 | 23 | Meta, formerly known as Facebook, today showed off a prototype of an AI system that enables people to generate or import things into a virtual world just by using voice commands. The company sees the tool, which is called “Builder Bot,” as an “exploratory concept” that shows AI’s potential for creating new worlds in th... |
Twitter reinstates accounts sharing open source info on Russian military threat | Taylor Hatmaker | 2,022 | 2 | 23 | Twitter disclosed that it mistakenly removed a number of accounts sharing details about Russian military activity Wednesday, as the nation’s aggressive posture toward neighboring Ukraine threatens to tip into a full-scale invasion. researcher Aric Toler called attention to the mistaken account suspensions early Wednes... |
Jumia reports record orders and revenue but investors remain unconvinced | Tage Kene-Okafor | 2,022 | 2 | 23 | null |
RightHand cashes in on the white-hot warehouse robotics space with a $66M raise | Brian Heater | 2,022 | 2 | 23 | COVID, supply chain issues, labor shortages, Amazon. Take your pick. The reasons for getting excited about logistics robotics are numerous and growing. had already amassed its share of buzz well before this whole pandemic thing really accelerated things, raising a fair amount from investors like GV, Menlo and Playgro... |
null | Sarah Perez | 2,022 | 2 | 24 | null |
This mechanical keyboard is something else | Frederic Lardinois | 2,022 | 2 | 23 | The market for mechanical keyboards has boomed in recent years and the pandemic only added fuel to it as people looked to improve their home setups (and spend their stimulus checks). Today, you can find anything from a $20 AliExpress special to a $600 Keycult board — before keycaps and switches, if you can even get one... |
Inside the pitch deck that won Heartbeat Health’s first investment check | Jordan Crook | 2,022 | 2 | 23 | leading cause of death in the U.S., but the healthcare industry spends more money helping patients after they get sick, instead of keeping them healthy. To fill this gap, , founded by Dr. Jeff Wessler, has raised , developing a digital data layer that uses telemedicine, remote diagnostics and digital heart health pr... |
Is it time to worry about fintech valuations? | Alex Wilhelm | 2,022 | 2 | 23 | company of Nubank, , and in response to rapid revenue growth and improving economics, the company saw its value drop 9% in regular trading today after falling sharply in recent sessions. Now worth just $8 per share, Nu is underwater from its IPO price and down about a third from its all-time highs. It’s hardly alone ... |
Climate investment is heating up with more than $40B invested across 600+ deals in 2021 | Haje Jan Kamps | 2,022 | 2 | 23 | 2021 was a hell of a year for startups operating in the climate space. Globally, around 1,400 investors are looking at the next generation of companies that are tackling climate change. They deployed more than $40 billion across more than 600 deals — that’s more than twice as much capital deployed than the year before.... |
Dear Sophie: Startup visa news, H-1B and STEM OPT queries | Sophie Alcorn | 2,022 | 2 | 23 | 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... |
TikTok star Charli D’Amelio and family back Facetune maker Lightricks | Amanda Silberling | 2,022 | 2 | 23 | Charli D’Amelio is the creator on TikTok, but the 17-year-old superstar and her family are now looking beyond their short-term riches from short-form video. Today, the D’Amelio family announced a partnership with , the company that makes photo and video-editing apps like , and other tools, which have over 500 mil... |
14 climate tech investors share their H1 2022 strategies | Haje Jan Kamps | 2,022 | 2 | 23 | size as Florida, global warming has made Antarctica’s Thwaites Glacier increasingly unstable. This month, researchers are attempting to reach the “Doomsday Glacier” for study, but icebergs are slowing their progress. The climate emergency is becoming more apparent, and investors are taking notice. Last year, round siz... |
Appboxo raises $7M to turn any app into a super app | Catherine Shu | 2,022 | 2 | 15 | Mini-apps are lightweight programs that run within a larger app and serve as additional sources of user engagement and revenue. They became popularized by “super apps” like WeChat, Alibaba and Grab. But not all developers have these tech giants’ resources. Based in Singapore, Appboxo wants to level the playing field. T... |
SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines | Catherine Shu | 2,022 | 2 | 15 | Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of . The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit ... |
Inside the Uber and Google settlement with Anthony Levandowski | Mark Harris | 2,022 | 2 | 15 | Valley’s most infamous characters has narrowly avoided — yet again — the worst consequences of his actions. Anthony Levandowski reached a last week that resolves a number of disputes with his two former employers Uber and Google and puts to rest one of the most dramatic and complicated storylines in the autonomous v... |
Why startups may want to rent hardware instead of buying it | Anna Heim | 2,022 | 2 | 15 | all sorts of things is a logical step in the evolution of a , but renting hardware wasn’t necessarily top-of-mind for startups until COVID-19 hit. Pre-pandemic, a common step in the onboarding process at many VC-funded startups in the Bay Area called for new employees to visit the closest Apple Store with a company c... |
Airbnb’s pandemic slingshot nears completion | Alex Wilhelm | 2,022 | 2 | 15 | bell, home rental giant Airbnb its Q4 2021 performance. Its numbers detail a company that endured an awful start to the COVID-19 era, survived, and has come out the other end of demand disruption in perhaps better health than it entered. The company’s profitability and improved revenues when compared to 2019 are a s... |
New DocuSign-Zoom integration lets you sign docs in a Zoom meeting | Ron Miller | 2,022 | 2 | 15 | Anyone who had to get documents signed early in the pandemic knows how harrowing and dangerous the situation was. Nobody wanted to meet face-to-face, but we still had to conduct business. Today, in an effort to simplify online document signing, and announced a new integration that lets you review and sign a documen... |
Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes | Alex Wilhelm | 2,022 | 2 | 15 | Hello and welcome to Daily Crunch for Tuesday, February 15, 2022! We have a busy slate for you today, including news sure to annoy the blockchain faithful, new funds, Facebook’s latest rebrand and more. But first, in an essay on TechCrunch, former Homeland Security Secretary Michael Chertoff .” It is an interesting ar... |
Transform your startup investors into growth marketers without them noticing | Miles Jennings | 2,022 | 2 | 15 | If you’re successful at raising capital, investors have jumped into the passenger seat with you, ready to be taken on a journey. It’s likely a long trip, with the average time to a liquidity event being about . Due to later IPOs, this road is getting longer. During this long trip, investors want much more than to gene... |
Cannabis beverage startup Cann raises $27M as it expands to Canada | Lucas Matney | 2,022 | 2 | 15 | , a THC beverage company marketing itself as a fun alternative to alcohol, is bulking up on funding as it brings the product into Canada — its first international market expansion. The startup announced Tuesday that it has raised $27 million in Series A funding from some new and unnamed institutional investors, past in... |
Akamai acquires Linode for $900M | Frederic Lardinois | 2,022 | 2 | 15 | , the company you probably mostly think of as a content delivery network but that also offers security and edge computing services, today that it has Linode. The price of the acquisition is $900 million, with Akamai expecting Linode to add about $100 million in revenue for its fiscal year 2022. , which launched bac... |
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