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J.B. Hunt will be Waymo’s first self-driving freight customer | Rebecca Bellan | 2,022 | 1 | 14 | Waymo Via, the autonomous vehicle company’s trucking and cargo transportation unit, is expanding its from a pilot into a long-term strategic alliance. As part of the agreement, J.B. Hunt will be Waymo Via’s first launch customer for fully autonomous, driverless freight routes, which Waymo expects to reach within the ... |
Daasity investing $15M in data so consumer brands can do more with it | Christine Hall | 2,022 | 1 | 14 | , an e-commerce analytics and data company, secured $15 million in Series A funding as it continues developing its approach to helping consumer brands better leverage their customer data to make smarter decisions. VMG Catalyst led the oversubscribed round and was joined by existing investors Cove Fund, Exeter Capital, ... |
Fresh round of $355M lifts online checkout company Bolt into decacorn territory | Christine Hall | 2,022 | 1 | 14 | Checkout technology company continues to make quick work of attracting new capital. The company announced Friday $355 million in Series E financing to give Bolt an $11 billion valuation, according to sources close to the company. Bolt’s one-click checkout product aims to give businesses the same technology Amazon has... |
China’s robotaxis charged ahead in 2021 | Rita Liao | 2,022 | 1 | 14 | Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a new pilot program or a small-scale service. These press releases, often dotted with regulatory jargon and flowery langua... |
null | Sarah Perez | 2,022 | 1 | 13 | null |
This Week in Apps: Commission battles, Twitter NFTs and Epic’s appeal begins | Sarah Perez | 2,022 | 1 | 22 | 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... |
null | Kate Park | 2,022 | 1 | 14 | null |
Get in, nerds, we’re going to the metaverse | Alex Wilhelm | 2,022 | 1 | 22 | Hello friends, I hope you are well and warm and healthy and happy and good. If not, some of those things. If you are none, well there’s a reason we invented ice cream. In good news I have a few tasty nuggets for you this fine Saturday. We’re talking the metaverse, a venture capital story that I’ve watched from its gene... |
Data wants to disrupt your deal flow (again) | Natasha Mascarenhas | 2,022 | 1 | 22 | AngelList’s brings back one of my favorite conversations within the world of early-stage startup fundraising: to data, or not to data. The $25 million fund bases all of its investments off of one key metric that AngelList has been tracking for years: a startup’s ability to hire. When I spoke to Abraham Othman, head of... |
6 cloud trends to watch in 2022 | Josh Berman | 2,022 | 1 | 22 | years have been exciting periods of growth for the cloud market, driven by increased demand for access to new technology during COVID-19 and the proliferation of the “work-from-anywhere” culture. IT leaders worked to shift workloads to the cloud to ensure business continuity for the remote workforce, leading to skyroc... |
Is algorithmic VC investment compatible with due diligence? | Natasha Mascarenhas | 2,022 | 1 | 22 | , investors use a company’s metrics to decide whether to participate in a deal. But when the art of choice is factored out, it becomes more difficult to perform deep due diligence on founders who may be about to receive millions of dollars via a wire transfer. In practice, attempts to remove bias can create newer, blin... |
Are embedded devices the next ransomware target? | Carly Page | 2,022 | 1 | 22 | 2021 will be remembered as the year that gangs turned their attention to critical infrastructure, targeting companies built around manufacturing, energy distribution and food production. The Colonial Pipeline ransomware alone resulted in the shutdown of 5,500 miles of pipeline over fears that the ransomware attack on ... |
Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products | Tage Kene-Okafor | 2,022 | 1 | 25 | null |
PQShield raises $20M for its quantum-ready, future-proof cryptographic security solutions | Ingrid Lunden | 2,022 | 1 | 25 | Quantum computing promises to unlock a new wave of processing power for the most complex calculations, but that could prove to be just as harmful as it is helpful: security specialists that malicious hackers will be able to use quantum machines to break through today’s standards in cryptography and encryption. Today,... |
Paack pulls in a $225M Series D led by SoftBank to scale its e-commerce delivery platform | Mike Butcher | 2,022 | 1 | 25 | By now, many of us are familiar with the warehouse robots that populate those vast spaces occupied by the likes of Amazon and others. In particular, Amazon was very much a pioneer of the technology. But it’s 2022 now, and allying warehouse robots with a software logistics platform is no longer the monopoly of one compa... |
Infermedica raises $30M to expand its AI-based medical guidance platform | Aisha Malik | 2,022 | 1 | 25 | , a Poland-founded digital health company that offers AI-powered solutions for symptom analysis and patient triage, has raised $30 million in Series B funding. The round was led by One Peak and included participation from previous investors Karma Ventures, European Bank for Reconstruction and Development, Heal Capital ... |
KKR invests $45M into GrowSari, a B2B platform for Filipino MSMEs | Catherine Shu | 2,022 | 1 | 25 | A sari-sari store owner who uses GrowSari. GrowSari , the Manila-based startup that helps small shops grow and digitize, announced today that KKR will lead its Series C round with a $45 million investment. The funds will be used to enter new regions in the Philippines and expand its financial products. The Series C r... |
FTC orders online shop to pay $4M for hiding reviews below 4 stars | Devin Coldewey | 2,022 | 1 | 25 | We all know online reviews must be taken with a grain of salt, but generally you’d like to think that a product with a 4.5-star average is better than one with a 3.5-star average. You might be wrong, since the site you’re looking at — like Fashion Nova, which just incurred a $4.2 million settlement order from the FTC... |
Hard cash and soft skills: How to successfully manage an acquisition | Ron Miller | 2,022 | 1 | 25 | for a host of reasons. Sometimes it’s about filling a hole in a product road map, or expanding market share, or finding good people. Finding the right company to acquire takes special talent. But once the deal is through, it takes skill and a deft hand to integrate the acquired company smoothly into the mothership wit... |
Maybe creator funds are bad | Amanda Silberling | 2,022 | 1 | 25 | In the summer of 2020, TikTok set aside to pay U.S. creators in what it called a “creator fund.” This wasn’t a common practice at the time. The more seasoned platform YouTube paid creators by distributing funds through its partner program, established in 2007, which enables revenue sharing on the advertisements that ... |
Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting | Alex Wilhelm | 2,022 | 1 | 25 | Hello and welcome to Daily Crunch for January 25, 2022! Today our cup overflows with news. There’s simply too much going on to cover in a single newsletter, so I’ve tried to fit as much as possible below. Some sections are condensed, but you’ll see why. No more delay, the news! – This is the leading story from startu... |
Apple’s updated Personal Safety User Guide addresses the AirTag stalking problem | Sarah Perez | 2,022 | 1 | 25 | After a of in have how Apple’s AirTags are being used for stalking purposes, the company has today updated its existing “ ” with new information on what consumers should do in the event they find an unknown AirTag in their presence or hear one make a sound. The guide specifically explains what the AirTag’s al... |
Sec. Raimondo warns US is far from resolving chip shortage | Brian Heater | 2,022 | 1 | 25 | The United States Department of Commerce Tuesday released from a survey of 150 companies, aimed at getting a better picture of just how widespread of a supply crunch is currently plaguing the semiconductor market. The automotive and medical industries have been disproportionately impacted by the shortage. In a press ... |
On-chain raises are the future of startup funding | Parker McCurley | 2,022 | 1 | 25 | Web3 is owned by the VCs, Jack Dorsey . Well, I’d argue that web3 is whatever we make it – and the VCs only own it if we allow them to. We are building web3 and we have the power to control where it goes and how it is funded on the way there. If we take decentralization and autonomy seriously, there is no good reaso... |
If the $40B Nvidia-Arm deal is dead, what does it mean to big tech M&A? | Ron Miller | 2,022 | 1 | 25 | News reports surfaced over the past 24 hours that , which ranks among the most expensive tech deals ever, is in peril. Nvidia is due to regulatory pressure. The question is, what does it mean for tech M&A if this deal falls apart? Let’s not forget that last year at this time Visa shut down a after the U.S. Justice ... |
TechCrunch+ roundup: Zero-day exploits, breaking into Japan, algorithmic VC investing | Walter Thompson | 2,022 | 1 | 25 | We work with contributors to develop guest posts that will help TechCrunch+ readers solve actual problems, so it’s always a delight to present a comprehensive “how to” article. In this case, Barnabas Birmacher, CEO of Platform as a Service company Bitrise, shared the . Launching a product in a foreign market where you... |
Crypto startup Syndicate looks to demystify DAOs with ‘Web3 Investment Clubs’ product | Lucas Matney | 2,022 | 1 | 25 | Over the past year, crypto acolytes have aimed to sell the world on an internet transformed by tokens and NFTs. All the while, a smaller subsection has pushed DAOs, or decentralized autonomous organizations, as a way to transform democracies and revamp stodgy organizations for an online age. Both groups have struggled ... |
IBM shrugs off investor EPS concerns, sells growth story | Alex Wilhelm | 2,022 | 1 | 25 | , in IBM’s recent financial history. It said its revenue rose 6.5% in Q4, the highest in years. Investors liked the results, and the in after-hours trading. That is, until CFO Jim Kavanaugh answered a question on the about its earnings per share projections for next year, and — at least for a time. Fast forward... |
BreederDAO just raised funding from a16z and others to generate NFTs at scale | Connie Loizos | 2,022 | 1 | 25 | While certain titans of tech argue over how different decentralized “web3” outfits will be compared to their unabashedly centralized predecessors, an ecosystem of companies is fast emerging with ties to each other, including backing from the same investors. Consider that late last summer, Andreessen Horowitz (a16z) ... |
YouTube’s head of Gaming leaves to join blockchain group Polygon | Amanda Silberling | 2,022 | 1 | 25 | Ryan Wyatt describes himself on Twitter as YouTube’s head of Gaming by day, and a “web3 & crypto advisor/investor by night.” Now, he’ll be working in crypto during the day, too. Today, Wyatt announced that he will be leaving YouTube after almost eight years to join the team at , a blockchain scaling network built on E... |
Ford starts production of its new all-electric E-Transit cargo van | Kirsten Korosec | 2,022 | 1 | 25 | Ford has started production of its electric E-Transit cargo vans at its factory in Kansas City, Missouri with the first deliveries expected in the next several weeks, Ford Pro North America general manager Tim Baughman told TechCrunch. Baughman’s comments follow Ford’s announcement earlier this month that it will nearl... |
Crypto pioneer David Chaum says web3 is ‘computing with a conscience’ | John Biggs | 2,022 | 1 | 25 | in the realm of computer security and, not surprisingly, cryptocurrency. His focus since the early 1980s, his company DigiCash sent the first digital payment in |
Agtech robotics firm FarmWise just raised another $45 million | Brian Heater | 2,022 | 6 | 3 | The rest of the startup universe may be struggling to bring in funds, but it’s still a good time to get a robotic raise. Agtech is high on that list. The median age of farmers is 55 years old in the United States, and finding human help is increasingly more difficult of late. FarmWise has been at this for a while, depl... |
To better manage cybersecurity risk, extend zero-trust principles to third parties | Saket Modi | 2,022 | 6 | 3 | requires an agile and data-driven risk management strategy to deal with the ever-expanding third-party attack surface. When a business outsources services by sharing data and network access, it inherits the cyber risk from its vendors across their people, processes, technolog, and that vendor’s third parties. The typi... |
SEO tool Ahrefs invests $60M in building creator-friendly search engine, ‘Yep’ | Haje Jan Kamps | 2,022 | 6 | 3 | Well, this is straight from the desk of “didn’t see that coming,” but search engine toolkit company just told me they’ve been working on their very own search engine on the sly, plowing $60 million of resources into its own search engine, called . It’s a unique proposition, running its own search index, rather than ... |
KQED launches free media literacy training course | Haje Jan Kamps | 2,022 | 6 | 3 | In a push-back against people who can’t tell a real news source from an amphetamine-laden hamster with a Tumblr blog, San Francisco public radio station this week announced it is launching to help increase media literacy. The resources are aimed at K-12 educators and other folks who are involved with teaching media... |
Daily Crunch: Tesla shares drop after leaked CEO email reveals hiring freeze, plans to cut 10% of staff | Christine Hall | 2,022 | 6 | 3 | Happy Fri-yay the 3rd of June 2022. Or, as this cursed pandemic is still doing its thing, perhaps it’s March 824, 2020, who knows. Whatever is happening in your world, we hope that you are experiencing peace and that you know the source of peace. Can you tell we’ve been reading some hippie literature recently? Those fo... |
AI model’s insight helps astronomers propose new theory for observing far-off worlds | Devin Coldewey | 2,022 | 6 | 3 | Machine learning models are increasingly augmenting human processes, either performing repetitious tasks faster or providing some systematic insight that helps put human knowledge in perspective. Astronomers at UC Berkeley were surprised to find both happen after modeling gravitational microlensing events, leading to a... |
TechCrunch podcasts this week: Layoffs, the crypto downturn, investor offense and Columbus, Ohio | Matt Burns | 2,022 | 6 | 3 | TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week. And if you are more into the written... |
This is not (just) another roundup of tech layoffs | Amanda Silberling | 2,022 | 6 | 3 | After a month that saw lose their jobs, June is off to a similar tumultuous start. Startups across all sectors, from healthcare to enterprise SaaS to crypto, are laying off portions of staff and citing, seemingly, from the same notes: it’s a tough market, a time of uncertainty, and a correction toward sustainability ... |
Biden admin policy change could tip solar and wind projects into profitability | Tim De Chant | 2,022 | 6 | 3 | floating in the ether (or at least in my ether) that there’s enough sunny federal land in Nevada to power the entire United States with solar. Some very rough back-of-the-envelope math suggests it’s possible, requiring just over 11% of Nevada’s federal land. None of that includes room for batteries for storage or the ... |
null | Taylor Hatmaker | 2,022 | 1 | 25 | null |
Satechi’s USB-C slim dock is how the iMac shoulda been designed in the first place | Haje Jan Kamps | 2,022 | 6 | 3 | The world of Mac peripherals has a lot of complete and utter garbage in it, so it’s a breath of aluminum-scented air to see . The dock is exactly the same size as Apple’s wireless keyboard, so when it’s not in use, your alphanumerics have a sleek metal hammock for some rest and recuperation. More importantly, the dock... |
Armed with experience, insurtech MGAs are paving the way for insurtech 2.0 | Dave Wechsler | 2,022 | 6 | 3 | years ago, the insurance industry entered the crosshairs of the tech world. Despite serving as the backbone of global growth, insurance lagged the pace of technology adoption enjoyed by other industries. Entrepreneurs saw this as an opportunity to disrupt incumbents, and soon there were lofty claims that everything ab... |
Black Founders Matter presses VCs to pledge commitment to diversity | Dominic-Madori Davis | 2,022 | 6 | 3 | , always asked for a quarter. He knew if he kept asking for a quarter, he’d have a dollar one day. Then he’d be well on his way to having two — a slow but purposeful build toward amassing his own little fortune. Today, at the helm of the venture fund, Michel has kept that mentality. The fund announced today the for... |
Dave Clark, the longtime head of Amazon’s consumer division, departs | Kyle Wiggers | 2,022 | 6 | 3 | Amazon today announced that Dave Clark, CEO of the company’s worldwide consumer division, will step down after 23 years in the position. In a note to leadership, Amazon CEO Andy Jassy said that Clark’s last day in the office will be July 1 — a date corroborated by a with the U.S. Securities and Exchange Commission. “... |
Microsoft disrupts Iranian-linked hackers targeting organizations in Israel | Carly Page | 2,022 | 6 | 3 | said on Thursday that it has successfully “identified and disabled” a previously unreported Lebanon-based hacking group that it believes is working with Iranian intelligence. The hacking group, tracked by the Microsoft Threat Intelligence Center (MSTIC) as “Polonium,” targeted or compromised more than 20 organizations... |
Ring announces new features, raises its basic subscription price for the first time since 2015 | Lauren Forristal | 2,022 | 6 | 3 | Ring new features for its Ring Protect Basic plan, such as more alert options, exclusive discounts (10%), up to 50 video downloads (up from 20) and 180 days of video (up from 60), plus a ton of “coming soon” features (smart alerts for cars, animals, alerts for breaking glass and open doors). However, with these new u... |
Ends tonight: Launch-price savings on passes to TechCrunch Disrupt | Lauren Simonds | 2,022 | 6 | 3 | Tonight’s the night, folks. Your window to save some serious cheddar — up to $1,500 — on passes to in San Francisco, California, on October 18–20 is about to close. When it does, prices go up. Saving money is good, and it’s really quite simple. , June 3, before . The price of admission includes a bonus online day, O... |
Pearpop is launching a live subscription comedy series on TikTok | Aisha Malik | 2,022 | 6 | 3 | Social media collaboration company Pearpop and creator . Pearpop told TechCrunch that episodes will run twice a week in June, with eight 30-minute episodes in total. The new series, which is called “Finding Jericho,” will stream exclusively on TikTok Live. It will cost $4.99 to watch the series. The news was first rep... |
Elon Musk orders hiring freeze, warns of job cuts at Tesla in latest leaked email | Kirsten Korosec | 2,022 | 6 | 3 | Tesla CEO Elon Musk has directed executives to pause all hiring and prepare for job cuts, according to a leaked email that was . Tesla shares fell 8.5% following the Reuters report. An additional email sent Friday to all employees, clarified his comments to executives, stating that the headcount reduction would be for... |
TechCrunch+ roundup: Optimizing dev teams, O-1A visa criteria, growth’s golden metric | Walter Thompson | 2,022 | 6 | 3 | All startups must grow, but as markets contract, conserving resources is a higher short-term priority. Crypto exchange Coinbase is in the headlines this morning after news broke that it is rescinding some candidates’ outstanding job offers. Yesterday, we reported that IRL, a social app, was laying off 25% of its staff ... |
Gas?! Where we’re going, we don’t need gas | Greg Kumparak | 2,022 | 6 | 4 | Hello all! Welcome back to Week in Review, the where we recap some of the top stories to cross TechCrunch over the last 7 days. If you want it in your inbox every Saturday, sign up . The story this week was about, get this: a . As in the Back to the Future car. Yep. The short version: the recently revived brand r... |
Nuance? In this startup market? | Natasha Mascarenhas | 2,022 | 6 | 4 | From and to asking for on-the-record confirmations that your startup does, indeed, have revenue, investors have a lot to say about the downturn. Yet, it’s a quieter and more realistic truth that has landed my attention as of late: For diverse founders, the downturn is nothing new. Some investors, largely those who... |
This Week in Apps: WWDC preview, hitting the Top Charts, Instagram’s AMBER Alerts | Sarah Perez | 2,022 | 6 | 4 | 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 says ... |
The battle for BNPL buyers and other TC news | Maggie Stamets | 2,022 | 6 | 4 | Welcome back to The TechCrunch Podcast, where you’ll hear everything you need to know about the week’s top stories in tech from the people who wrote them. This week we talk with Mary Ann Azevedo about two fintech giants, Affirm and Stripe, partnering up and what that means for competitors, and Brian Heater comes on to ... |
New York Senate passes moratorium to ban carbon-based crypto mining | Jacquelyn Melinek | 2,022 | 6 | 3 | The New York Senate has passed a bill that bans crypto mining operations that use carbon-based fuel to power their facilities. The bill specifically is targeting proof-of-work mining, which is one of the two most popular mechanisms cryptocurrencies use to verify new transactions on the blockchain and make new tokens, b... |
The 2022 Bentley Flying Spur Hybrid is a shaky step toward a luxurious EV future | Alex Kalogiannis | 2,022 | 6 | 4 | in a never-ending battle to balance classic luxury coach-building and modern automobile manufacturing. The luxury automaker not only has to keep up with changing technology, consumer taste and industry standards, it must also consistently deliver the for which it’s known. The automotive industry’s move toward electr... |
For mental health startups, happiness is in niches | Anna Heim | 2,022 | 6 | 4 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. Last April, and I CB Insights data showing that venture investment into mental health startups had dropped sharply in Q1 2022 compared to the preceding quarter. But in the last couple of weeks, I have hea... |
A downturn is nothing new for diverse founders | Natasha Mascarenhas | 2,022 | 6 | 4 | and heart-to-hearts to not-so-subtle emails asking for on-the-record confirmations that your startup does, indeed, have revenue, investors have a lot to say about the downturn. Yet, it’s a quieter and more realistic truth that has landed my attention as of late: For diverse founders, the downturn is nothing new. Som... |
Lots of sellers, fewer buyers, in markets for startup shares | Connie Loizos | 2,022 | 6 | 4 | There’s a lot of confusion in the private market right now. On the one hand, venture firms are still announcing on a daily basis. They’re hosting catered . On the other, , and titans of industry sound worried. JPMorgan’s Jamie Dimon sees an ahead. For his part, Elon Musk reportedly told Tesla executives this week... |
Google disables RCS ads in India following rampant spam by businesses | Manish Singh | 2,022 | 6 | 4 | Google has halted businesses from using RCS for promotion in India, the company’s biggest market by users, following reports of rampant spam by some firms in a setback for the standard that the company is hoping to help become the future of SMS messaging. Rich Communication Services, or RCS, is the collective effort of... |
null | Lauren Simonds | 2,022 | 6 | 3 | null |
Perceptron: Robots that feel pain and AI that predicts soccer players’ movements | Kyle Wiggers | 2,022 | 6 | 4 | 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, Perceptron (previously ), aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artifi... |
There’s still good news out there for software startups | Alex Wilhelm | 2,022 | 6 | 5 | market might feel like a , but there’s good news to be found — provided you are willing to take a longer-term perspective. Sure, , , and the . Underneath each drumbeat of negativity, however, there’s more positivity than you might expect. And, extracting one more nugget from the , the doomsayers are ignoring hist... |
Affirm and Klarna ramp up competing efforts to attract US consumers | Mary Ann Azevedo | 2,022 | 6 | 5 | Buy now, pay later has become nearly ubiquitous here in the U.S. As such, companies that offer that technology to merchants are unsurprisingly growing more competitive with each other. Case in point. This past week, San Francisco–based Affirm announced it was . This means that a whole slew of companies that were not p... |
Xiaomi appoints Alvin Tse as general manager of India business | Manish Singh | 2,022 | 6 | 2 | Xiaomi is elevating Alvin Tse, a veteran at the firm, as the general manager for its India business as the Chinese technology group bolsters its efforts to fight increasing competition from rivals, including Samsung, and looks to smooth its relationship with New Delhi. The appointment of Tse (pictured above), who until... |
Unlikely players team up to lead South Korea’s air taxi industry | Rebecca Bellan | 2,022 | 6 | 5 | is perhaps one of the best countries to start an urban air mobility company. You only have to look at how fast well-funded startups like Joby Aviation, Wisk Aero and Lillium are building and testing electric vertical takeoff and landing, or eVTOL, aircraft. However, South Korea, which lacks the venture capital, entrep... |
The arrest heard ’round the crypto world | Lucas Matney | 2,022 | 6 | 5 | Hey everyone, and welcome back to . Last week, we discussed $4.5 billion in new crypto funds from a16z. This week, we’re talking about the arrest that has everyone in the NFT space sweating bullets. If you want to get this in you inbox every Thursday afternoon, you can subscribe on . Getty Images The crypto space ha... |
Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investment | Kate Park | 2,022 | 6 | 2 | Global venture capital firms are pouring money into the semiconductor startups developing the next generation of chips. Semiconductors, which have become a valued asset, are used in virtually almost every industry, including 5G networks, automation, the Internet of Things, financials, smart homes, smart cities, virtual... |
Coinbase extends hiring freeze, rescinds some accepted offers | Amanda Silberling | 2,022 | 6 | 2 | Coinbase today that it will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring , but this move is more drastic. “Adapting quickly and acting now will help us to successfully navigate ... |
Social app IRL lays off 25% of team, says it has enough cash to last well into 2024 | Natasha Mascarenhas | 2,022 | 6 | 2 | “We have all seen the state of the market,” IRL CEO and co-founder Abraham Shafi wrote in a company-wide memo where the social app announced it would be dramatically cutting staff. Similar to over the past few weeks, IRL has just announced it’s laying off 25% of its team, or around 25 people, citing market dynamics. ... |
Cruise can finally charge for driverless robotaxi rides in San Francisco | Rebecca Bellan | 2,022 | 6 | 2 | Cruise, the autonomous vehicle unit of General Motors, has finally to start charging fares for its driverless robotaxi service in San Francisco. The California Public Utilities Commission (CPUC) voted Thursday to award Cruise with a driverless deployment permit, the final hurdle the company needed to jump to begin op... |
Daily Crunch: To manage high-demand products, Amazon unveils invitation-based ordering system | Christine Hall | 2,022 | 6 | 2 | Hello, and welcome to June 2, 2022. Where we are sitting, the sun is shining, the birds are singing and we are celebrating adding to the TechCrunch team. She’ll be covering venture capital and startup news for our subscription service, TechCrunch+. You can find her very first story in the Top 3, below! — and Yest... |
Mozilla brings free, offline translation to Firefox | Devin Coldewey | 2,022 | 6 | 2 | Mozilla has added an official translation tool to Firefox that doesn’t rely on cloud processing to do its work, instead performing the machine learning–based process right on your own computer. It’s a huge step forward for a popular service tied strongly to giants like Google and Microsoft. The translation tool, called... |
Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M | Mary Ann Azevedo | 2,022 | 6 | 2 | , an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off about 25% of its staff. The number of employees affected is not confirmed but is believed to be around 170, according to multiple sources. One employee that he was among the 25% of staff that were let go. I... |
Datadog finds serverless computing is going mainstream | Ron Miller | 2,022 | 6 | 2 | from has found that serverless computing could be entering the mainstream with over half of all organizations using serverless on one of the three major clouds – Amazon, Microsoft and Google. The company found in a 2020 report that while some customers were using , Amazon’s function as a service (FaaS), the other c... |
Pinterest acquires AI-powered shopping startup The Yes, co-founded by former Stitch Fix exec | Sarah Perez | 2,022 | 6 | 2 | As Pinterest sets its eyes on improving the online shopping experience on its platform, the company announced this afternoon it’s acquiring the AI-powered , founded by e-commerce veteran and former Stitch Fix COO Julie Bornstein and technical co-founder, Amit Aggarwal. Deal terms were not disclosed, but the acquisitio... |
Hear how Columbus, Ohio startups are hiring tech talent | Christine Hall | 2,022 | 6 | 2 | Columbus, Ohio’s technology job scene really took off in the early 2010s when the state made investments that enabled entrepreneurs to more easily start companies. Fast-forward to today, and companies of all sizes are attracting talent from all over the country thanks in part to Columbus’ low cost of living and young, ... |
LatchBio empowers scientists with a code-free platform for handling big biotech data | Devin Coldewey | 2,022 | 6 | 2 | Biologists and other scientists are confronted these days with a deep sea of data and a bewildering panoply of tools to apply to it — many of which require a specialist to operate. Hiring one is a challenge and farming out the work may take months … but offers an option that can have you running your data through Alp... |
Terra’s Do Kwon looks for redemption with Luna token rebirth | Lucas Matney | 2,022 | 6 | 2 | TechCrunch Is Terra’s Do Kwon the Bernie Madoff of crypto? Hello and welcome back to the podcast, where we unpack and explain the latest crypto news, drama and trends, breaking it down block by block for the crypto curious. This week, Terra relaunched its Luna token after the dramatic implosion of its cryptocurrency ... |
Latest Android update brings new features to Gboard, accessibility apps and more | Aisha Malik | 2,022 | 6 | 2 | Google has several new features that are coming to Android phones, including updates for Gboard stickers, Play Points and accessibility apps. Most notably, the company is bringing custom text stickers to all Android devices, after first them on Pixel phones in March. When you type, you’ll now be able to turn text i... |
DOJ case against ex-OpenSea exec could label NFTs as securities, former SEC lawyer says | Jacquelyn Melinek | 2,022 | 6 | 2 | There has been no shortage of conversations surrounding the NFT market after the seemingly quiet industry was elevated to the forefront of the crypto space in the last year as adoption accelerated. Until now, there hasn’t been any major blowback against the industry, aside from snide comments from people outside of the... |
New report examines the number of downloads it takes to hit the top of the App Store | Sarah Perez | 2,022 | 6 | 2 | New analysis indicates it’s gotten harder to get an app to the top of the App Store, in terms of downloads, over the past several years. According to new data from app intelligence firm , the number of downloads needed for an app to break into the No. 1 position on Apple’s iPhone App Store in the U.S. has climbed by 3... |
Athleisure icon Ty Haney raises $9.8M in fresh funding for her blockchain rewards startup | Anita Ramaswamy | 2,022 | 6 | 2 | Outdoor Voices founder Ty Haney by making sportswear the hottest trend among non-athletes. Now, the 33-year-old entrepreneur is betting she can bring together another underrated duo — consumer brands and crypto. Haney joined TechCrunch’s this week to talk about her latest venture, Try Your Best (TYB). The startup u... |
Ford wants to restructure its dealership model to boost EV sales | Jaclyn Trop | 2,022 | 6 | 2 | Ford said that it wants to restructure its dealership model, including building an e-commerce platform where customers can shop for and buy EVs at non-negotiable prices in an effort to match Tesla’s profit margins. “I feel like when that second quarter last year profit came out for Tesla and they showed like a $15,000 ... |
What connects the stock market contraction to startup valuations? | Daniel Faloppa | 2,022 | 6 | 2 | of the market, Justin Kahl and David George of Andreessen Horowitz showcase data on how public companies have seen their revenue multiples shrink by an average of 60%, with large sector variability. They use this central data point to suggest how startups should navigate the downturn, with the primary objective of cli... |
Cloudflare fixes outage that knocked popular services offline | Manish Singh | 2,022 | 6 | 20 | Cloudflare said on Tuesday it resolved a “wide-spread” outage earlier in the day that affected a large number of services including FTX, Discord, Omegle, DoorDash, Crunchyroll, NordVPN and Feedly. The internet infrastructure firm resolved the issue roughly an hour after users began facing issues accessing some popular ... |
Robot, chicken | Brian Heater | 2,022 | 6 | 2 | our site at all in recent months, you’re probably aware that we’ve got a couple of big events coming up. We’ll be in Berkeley in a couple of weeks for our first , which will feature Amp Robotics CEO Matanya Horowitz discussing the role of automation in recycling/material reclamation. Super interesting topic. I’m look... |
Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round | Tage Kene-Okafor | 2,022 | 6 | 20 | The Huspy team Huspy |
Vahak wants to improve the lives of India’s truck drivers | Catherine Shu | 2,022 | 6 | 20 | is not only an open marketplace for truckers, but it also provides drivers with services like healthcare and discounted fuel cards. The Bengaluru-based company announced today it has raised a $14 million Series A. The round was led by Nexus Partners, with participation from Foundamental, iSeed Ventures, Leo Capital, R... |
Omio raises $80M as travel demand rebounds after years of COVID-19 crisis | Natasha Lomas | 2,022 | 6 | 20 | It’s been a tough few years for , the Berlin-based travel search and booking platform that saw 98% of its revenues evaporate overnight when COVID-19 hit Europe back in spring 2020. But the company kept on trucking and has found some light at the end of the tunnel: Today it’s reporting revenues that have rebounded to m... |
Bybit crypto exchange joins the the list of companies cutting staff | Ivan Mehta | 2,022 | 6 | 20 | Singapore-based crypto exchange Bybit has joined a long list of companies that have laid off some of their employees. As the cryptocurrency market is , firms are finding new ways to cut costs and stay afloat. Crypto journalist James Wu first noted the news about . He said that the company is cutting a whopping 30% of... |
LocalGlobe becomes Phoenix Court Group, hits $500M first close for new funds, adds an Impact twist | Mike Butcher | 2,022 | 6 | 20 | Saul Klein is a busy man. As co-founder with his father Robin, of , one of the longest-running VCs in Europe, he has overseen a wide range of initiatives. Among other things, the pair are passionate investors and philanthropists in LocalGlobe’s HQ area of Somers Town, London, and are also involved in the more conventi... |
Indian market regulator fines Reliance for not properly disclosing Facebook deal | Manish Singh | 2,022 | 6 | 20 | India’s market regulator fined Reliance and two of its officers on Monday for not properly disclosing Facebook’s in April 2020. The Securities and Exchange Board of India that media had reported about the then-impending deal in March itself, which prompted the shares of the group company to rise. (Some inside baseb... |
Max Q: Space ‘Xed | Aria Alamalhodaei | 2,022 | 6 | 20 | Hello and welcome back to Max Q. This issue is very, very, very SpaceX heavy. Depending on how you feel about the company, you’ll either love or hate it! In this issue: SpaceX employees posted an open letter to the company’s internal communication system asking leadership at the company to implement a number of measure... |
UK scaleups should HMRC-proof their business plans before a slow, hot summer | Anthony Rose | 2,022 | 6 | 20 | big tech in the U.S. might have you holding your breath as a startup founder. The change in narrative may suggest a slow summer ahead, and speculative investment will prove unpopular. That said, KPMG’s latest reveals a rich environment for British startups to succeed. Scaleups raised over £6.9 billion between Janu... |
null | Christine Hall | 2,022 | 6 | 2 | null |
LG Nova announces its Mission for the Future startup selectees | Haje Jan Kamps | 2,022 | 6 | 20 | In January, I got under the skin of — electronics and appliances giant LG’s internal startup incubator — and . Today, NOVA (short for North American Innovation Center) is announcing the 20 startups it selected as part of its Mission for the Future global challenge competition. The companies represent new development... |
Platform.sh secures $140M for web app development tools | Kyle Wiggers | 2,022 | 6 | 20 | The growing complexity of web infrastructure is a challenge that many organizations face today. When building and deploying web apps, IT teams must grapple with an array of choices, from selecting which back-end system to use to deciding which framework to code in. According to a survey from software developer Infrag... |
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