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Metrics that matter: 3 KPIs to track on the path to profitability | Paris Heymann | 2,023 | 1 | 24 | community, the rallying cry in 2022 was about moving from the growth-at-all-costs mindset toward emphasizing profitability. We believe that in turbulent times, startups and scaleups alike need to ensure: While every company is unique and it’s difficult to create a blueprint for must-track metrics across stages and bus... |
Plum launches its money management app in five more countries | Romain Dillet | 2,023 | 1 | 24 | Fintech startup is doubling the number of countries where it operates. The company is launching its product in five new European countries — Italy, Portugal, the Netherlands, Greece and Cyprus. Originally from the U.K., Plum is a money management app that helps you automatically set some money aside. This way, users ... |
YouTube unveils new program that enables students to earn college credits | Aisha Malik | 2,023 | 1 | 24 | YouTube today that it’s partnering with Arizona State University and educational video company Crash Course to launch a new program that enables students to earn college credit. The Google-owned company says the new program, called College Foundations, is designed to create an affordable and accessible way to earn co... |
How global unrest will impact innovation in 2023 | David Magerman | 2,023 | 1 | 6 | and political turmoil of the past year has had a meaningful impact on corporate innovation in the technology industry and beyond. The worldwide battle with COVID, the Ukraine-Russia conflict and the economic fallout of the COVID lockdowns and supply chain disruptions have together created a painful combination of a gl... |
Whoops! Is generative AI already becoming a bubble? | Rebecca Szkutak | 2,023 | 1 | 5 | in the business of predicting the next big thing, even if they get burned in the process. While everyone piled onto crypto in 2021 — and many remain about its future despite this year — 2022 saw the rise of generative AI. But as is the case with any transformative new tech, hype is sure to accompany growing adopti... |
Riot Games hack could help cheaters | Lorenzo Franceschi-Bicchierai | 2,023 | 1 | 24 | Last week, the video game giant Riot Games that hackers had compromised its “development environment” — where the company stores its source code — with a social engineering attack. While the company reassured its users that “there is no indication that player data or personal information was obtained,” the hack could... |
Task force proposes new federal AI research outfit with $2.6B in funding | Devin Coldewey | 2,023 | 1 | 24 | The final report from the government’s National AI Research Resource recommends a new, multibillion-dollar research organization to improve the capabilities and accessibility of the field to U.S. scientists. The document presents “a roadmap and implementation plan for a national cyberinfrastructure aimed at overcoming ... |
Consumer advocacy groups want Walmart’s Roblox game audited for ‘stealth marketing’ to kids | Sarah Perez | 2,023 | 1 | 24 | A number of consumer advocacy groups have a problem with Walmart’s entry into the metaverse. The online retailer last fall announced the launch of two new virtual worlds on Roblox, and , aimed at engaging the next generation of shoppers. The experiences allow Roblox users to play games featuring toys and popular kid... |
Accord, which offers a platform to manage sales processes, secures $10M | Kyle Wiggers | 2,023 | 1 | 24 | , a collaboration platform designed to support business-to-business (B2B) sales, today announced that it raised $10 million in Series A funding from Matrix Partners, Nat Friedman and Y Combinator. CEO Ross Rich says that the new funds, which bring Accord’s total raised to $17 million, will be put toward the startup’s e... |
What to expect from the creator economy in 2023 | Amanda Silberling | 2,023 | 1 | 2 | Social media platforms and creator-focused startups haven’t looked too hot this year, as companies like , , and all waged layoffs along with the rest of the tech industry. ad revenue is declining, and creator funds for platforms like have dried up. It might seem like things are bad on the surface, but the cre... |
Indian fintech KreditBee nears $700 million valuation in new funding | Manish Singh | 2,023 | 1 | 6 | Indian fintech KreditBee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market. The new cash infusion is , which KreditBee said has now closed at $200 million. The new funding, led by Advent International, values the Bengaluru-headquarter... |
Zillow introduces Calendly-like instant booking for rental property tours | Ivan Mehta | 2,023 | 1 | 24 | Real estate marketplace has introduced an instant tour booking feature for renters on its platform. The company now allows users to book an in-person tour directly at a suitable time without having to contact an agent or a property manager. Until now, when someone had to look at a rental property, either they had to ... |
Can Korean digital storytelling platforms captivate North American and European audiences? | Kate Park | 2,023 | 1 | 24 | want to kindle the popularity of webtoons and web novels in the West on the back of their success in East Asia. Serialized digital comics, also known as webtoons in South Korea, are optimized for mobile devices such as smartphones and tablets or websites, which read top to bottom. Digital comics gained broad popularit... |
Here’s what USV plans to do in 2023 with its $200M climate fund | Tim De Chant | 2,023 | 1 | 3 | — last month, Union Square Ventures announced that it had raised a $200 million climate fund less than two years after raising its first climate fund. The new fund is certain to add fuel to climate tech as 2023 kicks off after a banner 2022. Nine months ago, it seemed unlikely that the market would repeat the red-hot ... |
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF | Kate Park | 2,023 | 1 | 11 | null |
Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts | Jacquelyn Melinek | 2,023 | 1 | 4 | A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm — thanks to the fine print. The verdict gives Celsius ownership of the $4.2 billion in cryptocurrency that users deposited into its h... |
Amazon Sidewalk adds new partners, plans to open to developers soon | Frederic Lardinois | 2,023 | 1 | 5 | At today, Amazon announced that a number of new devices from four manufacturers will soon join its . Sidewalk, Amazon’s long-range, low-bandwidth IoT mesh network that is powered by sharing a small portion of a user’s bandwidth from devices like the company’s Echo speakers and Ring cameras, currently supports the Ti... |
Streamer Plex finally ready to launch a TV and movie rentals marketplace | Sarah Perez | 2,023 | 1 | 5 | Media streamer Plex was years ago, but that announcement arrived just ahead of the pandemic — at the Consumer Electronics Show in January 2020. The company then also faced a host of other issues, including technical concerns, that required the company to reprioritize its plans. Now Plex says it’s finally nearing the ... |
New York Attorney General sues former Celsius CEO for defrauding crypto investors | Jacquelyn Melinek | 2,023 | 1 | 5 | New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of cryptocurrency.” The lawsuit also claims that M... |
Alexa Fund’s Paul Bernard talks OpenAI, what’s catching his eye and remaining relevant as Amazon restructures | Ingrid Lunden | 2,023 | 1 | 24 | Amazon made headlines this month when the company began to work through its . Going, too, are a number of as the company right-sizes for the current state of the economy, the market’s attitude to tech stocks and the current landscape as dictated by its competitors and would-be rivals. One thing that looks like it’s ... |
MeetKai launches new room-scanning tech and metaverse builder | Kyle Wiggers | 2,023 | 1 | 5 | Not everyone believes that the metaverse — social, VR-centric worlds — has staying power. But MeetKai is among the steadfast optimists. Founded in 2018, the startup initially focused on conversational AI, aiming to build cutting-edge, top-of-the-line voice recognition and speech synthesis tech. It soon broadened its fo... |
Halo’s SleepSure is a baby wearable to keep an eye on the little one | Haje Jan Kamps | 2,023 | 1 | 4 | At a preview event at today, baby-sleep experts showed off a wearable for babies, which can track four measurements in real time: heart rate, rollover, skin temperature, and movement. The hope is that, with easier access to this info, parents can rest at ease while their babies rest, at ease. Halo showed off its Sl... |
Typhur launches sous vide cooker with 12-inch display | Haje Jan Kamps | 2,023 | 1 | 5 | Come on in, the water is lovely. You wouldn’t have thought there was space for more players in the busy soup that’s the crowded sous vide market, but begs to differ, thank you very much. At , the company released an exquisitely designed $99 temperature sensor and announced its flagship product, the Sous Vide Station... |
Google is working on cross-device notifications to let you resume media playback on the move | Ivan Mehta | 2,023 | 1 | 5 | Google hasn’t had a massive presence at this year’s . But the search giant announced that it is working on a couple of useful media playback features including better playback options for Spotify Connect-compatible devices and cross-device notifications to let you resume media playback on the move. The idea behind cro... |
TechCrunch+ roundup: Deep tech fundraising, negative trade secrets, 3 metrics investors love | Walter Thompson | 2,023 | 1 | 24 | Startup board meetings are scheduled several weeks apart, but many founders work until the last minute on the deck updating investors on revenue, the product pipeline, hiring and other essential matters. In this environment, founders who try to “bright side” their numbers into a positive narrative will lose credibility... |
Ossia is taking its wireless power tech to consumers with a new charging base | Brian Heater | 2,023 | 1 | 5 | Ossia’s wireless power tech, Cota, has been kicking for a long time now. In fact, we wrote about the thing nearly . Certainly the promises attached to the technology are intriguing: over-the-air power at a distance, without a line of sight. So, where does one sign up? Today at , the Pacific Northwestern firm announce... |
Studiobox is a remote video team’s high-def dream | Haje Jan Kamps | 2,023 | 1 | 5 | brought video production to its knees, but the show must go on, and necessity is the mother of invention. leapt into the breach, creating an interview studio in a box. For the interviewee, a rugged case shows up, delivered by a friendly FedEx delivery person. They open it, plug it in, and call the production team to... |
How the recently shuttered third-party apps contributed to Twitter’s development | Ivan Mehta | 2,023 | 1 | 24 | Last week, Twitter to effectively ban any alternative Twitter client application. The company’s change came after many popular apps — including — were suspended by the company’s developer platform team without any notice or explanation. The social media company hadn’t been transparent about its decisions to shun th... |
Garmin launches a new FDA-cleared ECG app for the Venu 2 Plus | Aisha Malik | 2,023 | 1 | 24 | Garmin is the latest company to give its users the ability to take an ECG reading from their wrist. The company is launching a new that allows users to record their heart rhythm and check for signs of atrial fibrillation (AFib), Garmin on Tuesday. The app, which is the company’s first FDA-cleared smartwatch feature... |
The Power1 AirPods charging case gets a lot smaller | Brian Heater | 2,023 | 1 | 5 | We didn’t make it to the in-person CES last year, but we did manage to get our hands on a few products from the comfort of our own homes. That list included , an iPhone battery case with a built-in slot for AirPods charging. The product’s creator, AXS Technologies, has since done a rethink of the accessory, which deb... |
Roblox taps former Google Play VP for creator role | Taylor Hatmaker | 2,023 | 1 | 24 | As bets big on the future of user-generated content, the online game platform ubiquitous in the under-13 age group is staffing up accordingly. The company announced Tuesday that it has hired former Google Play VP Tian Lim to lead the product team for its creator group, the internal division of the company focused on ... |
Kind Snacks founder Daniel Lubetzky begins new ‘journey’ with Camino Partners | Christine Hall | 2,023 | 1 | 24 | After successfully building Kind Snacks into a multibillion-dollar company, Daniel Lubetzky and his team, including former Kind executive Elle Lanning, have unveiled , a startup incubator and investment platform. Lubetzky, founder and chairman of Camino Partners, built Kind up from just $5 million in initial investmen... |
Microsoft is sunsetting social VR pioneer AltspaceVR | Taylor Hatmaker | 2,023 | 1 | 21 | AltspaceVR has had a few close calls over the years, but the company that built virtual social spaces well before “metaverse” was a household word is shuttering for good this time. After announcing that it would , Microsoft intervened and the company came . Now, Microsoft is sunsetting AltspaceVR’s virtual reality pl... |
Amazon ends charity donation program AmazonSmile | Romain Dillet | 2,023 | 1 | 19 | Just a few days after announcing a significant round of layoffs that will , Amazon is trying to find money wherever it can as the company announced that . AmazonSmile is a donation program that redirects 0.5% of the cost of all eligible products toward charities. It is a that lets you browse and buy items just like... |
Failures are valuable IP: Protect your startup’s negative trade secrets | Eugene Y. Mar | 2,023 | 1 | 23 | startups are familiar with protecting their inventions with patents, and their secret formulas, source code and algorithms as trade secrets. But they may not be aware of another powerful form of IP protection in California: “Negative trade secrets” are intended to protect a company’s secret know-how gained from extens... |
4 investors discuss the next big wave for alternative seafood startups | Christine Hall | 2,023 | 1 | 20 | technology has slowed in line with the rest of the venture capital world, the industry recently achieved some milestones that suggest the sector and the government are moving into alignment. In fact, some investors feel that 2023 will be the year when alternative seafood companies and products make notable strides. Mo... |
DevZero speeds up programmer tasks by shifting developer tools to cloud | Ron Miller | 2,023 | 1 | 24 | Developers tend to build and test software on their local laptops, but these machines often lack the necessary resources to efficiently run a full-scale development environment. Large companies have built custom systems to move development tools and testing to the cloud, but this kind of approach has often been out of ... |
Sunfish’s technology wants to bring affordability to assisted reproduction | Natasha Mascarenhas | 2,023 | 1 | 24 | , a new startup built by a former director at one of the oldest surrogacy and egg donation agencies in the world, has raised $4 million to build financial assistance tooling for hopeful parents. The round, led by Walkabout Ventures with participation from Hannah Grey VC and Fiat Ventures, comes a little less than a yea... |
Crypto losses in 2022 dropped 51% year on year to $4B | Jacquelyn Melinek | 2,023 | 1 | 5 | Immunefi’s Crypto Losses 2022 found over $3.9 billion was “lost” last year. While that might seem like a whopping amount of capital to lose track of, it’s down 51.2% compared to 2021, when over $8 billion was stolen, the report found. Crypto losses are defined as a combination of hacks and alleged fraud incidents, Ad... |
Plant-based seafood startup the ISH Company rides new funding wave toward pipeline commercialization | Christine Hall | 2,023 | 1 | 24 | A heart attack three years ago was a wake-up call for Bernard David, founder and CEO of . After being told that he would only eat plants for the rest of his life, he found that this diet eventually made him “long for those old animals that I used to eat.” Instead of caving in to those urges, David went looking for a p... |
2022 global smartphone shipments were the lowest in nearly a decade | Brian Heater | 2,023 | 1 | 17 | One of these days I’ll have some positive news to share about the global smartphone market. Today is not that day. The industry capped off another dismal year with a 17% year over year drop for Q4. That number puts the full year’s shipping figures 11% below 2021, per new numbers from Canalys, which refer to it as “an e... |
Forward Networks raises $50M for digital twin technology to help model, manage and secure complex enterprise networks | Ingrid Lunden | 2,023 | 1 | 24 | Digital twins — virtual representations of actual systems — have become an important component in how engineers and analysts build, visualize and operate AI projects, network security and other complicated architectures that might have a number of components working (or malfunctioning as the case may be) in tandem. Tod... |
So much fintech M&A | Mary Ann Azevedo | 2,023 | 1 | 15 | On Friday, January 13, investment giant announced it was acquiring a minority stake in SMB 401(k) provider startup . Terms of the deal weren’t disclosed, but it definitely caught my attention for a few reasons. For one, as one source told me, BlackRock’s investment is a show of faith in the SMB 401(k) market — one w... |
Six ex-OneWeb engineers raise $2.5M for Quindar to revolutionize satellite mission management | Aria Alamalhodaei | 2,023 | 1 | 24 | It’s never been cheaper to send a spacecraft to orbit, but many companies are hamstrung by the complex and expensive demands of satellite mission management. wants to change that. The company, which just closed $2.5 million in seed funding, has built a web app for end-to-end satellite operations that it says will ena... |
Komprise raises $37M to help companies index, manage and transform data | Kyle Wiggers | 2,023 | 1 | 24 | In the enterprise, there’s been an explosive growth of data — think documents, videos, audio files, posts on social media and even emails. to a Matillion and IDG survey, data volumes are growing by 63% per month in some organizations — and data’s coming from an increasing number of places. The same survey found the a... |
Amazon launches RxPass, a $5/month Prime add-on for all-you-need generic drugs covering 80 conditions | Ingrid Lunden | 2,023 | 1 | 23 | More than two years since announcing Amazon Pharmacy to take some of the prescription drugs business away from big (and smaller) drug stores, Amazon is launching a new product to expand its reach in the space. Today, it’s taking the wraps off , a service where Prime users in the U.S. can pay a monthly flat fee of $5 t... |
Max Q: Things are tough out there | Aria Alamalhodaei | 2,023 | 1 | 23 | Hello and welcome back to Max Q! I hate writing intros, so let’s get to it, shall we? In this issue: There is very little room for error in aerospace and defense (A&D) manufacturing. For companies that build products like missiles, rocket boosters and avionics, each part must not deviate more than a hairsbreadth from i... |
FBI accuses North Korean government hackers of stealing $100M in Harmony bridge theft | Lorenzo Franceschi-Bicchierai | 2,023 | 1 | 24 | The FBI accused two groups of North Korean government hackers of carrying out stolen from a company that allows users to transfer cryptocurrency from one blockchain to another. On Monday, the FBI announced that the — two groups linked to the North Korean government by both cybersecurity companies and government age... |
Shopping app Temu is using TikTok’s strategy to keep its No. 1 spot on App Store | Sarah Perez | 2,023 | 1 | 23 | , a shopping app from Chinese e-commerce giant Pinduoduo, is having quite the run as the No. 1 app on the U.S. app stores. The mobile shopping app hit the top spot on the U.S. App Store in and has continued to hold a highly ranked position in the months that followed, including as the No. 1 free app on Google Play si... |
Memfault raises $24M to help companies manage their growing IoT device fleets | Kyle Wiggers | 2,023 | 1 | 24 | At the same time Internet of Things (IoT) devices and are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. to Statista, the number of consumer edge-enabled IoT devices is forecast to grow to almost 6.5 billion by 2030, up from 4 billion in 2020.... |
Greenlight, kids-focused fintech startup, lays off 104 employees to optimize expenses | Jagmeet Singh | 2,023 | 1 | 12 | , a fintech startup offering debit cards to kids, has laid off 104 employees — or over 21% of its total headcount of 485 employees — to “better align with ongoing operating expenses” amid the economic slowdown. TechCrunch learned about the layoff that was announced to its employees earlier this week. The startup later ... |
Vista Equity Partners to acquire insurance software company Duck Creek for $2.6B | Paul Sawers | 2,023 | 1 | 9 | Private equity giant Vista Equity Partners has plans to take private in a $2.6 billion deal. Boston-based Duck Creek, a SaaS-based software provider for the property and casualty (P&C) insurance sector, , initially hitting a market cap of around $5 billion. After peaking at around $7 billion in early 2021, Duck Cr... |
Pasqal raises €100M to build a neutral atom-based quantum computer | Frederic Lardinois | 2,023 | 1 | 23 | , a Paris-based quantum computing startup, today announced that it has raised a €100 million Series B funding round let by Singapore’s . In addition to Temasek, existing investors Quantonation, the Defense Innovation Fund, Daphni and Eni Next, as well as new investors European Innovation Council (EIC) Fund, Wa’ed Vent... |
Stell wants to modernize the ‘unsexy’ workflows slowing down America’s industrial base | Aria Alamalhodaei | 2,023 | 1 | 17 | There is very little room for error in aerospace and defense (A&D) manufacturing. For companies that build products like missiles, rocket boosters and avionics, each part must not deviate more than a hairsbreadth from its technical specifications. Despite the precise demands of the industry, however, parts ordering is ... |
ABL Space Systems’ rocket experiences simultaneous engine shutdown shortly after lift-off | Aria Alamalhodaei | 2,023 | 1 | 11 | Launch startup first orbital launch attempt ended in failure Tuesday after all nine engines on the RS1 rocket’s first stage shut down simultaneously. The rocket subsequently hit the launch pad and was destroyed on impact. The rocket took off from the Pacific Spaceport Complex on Alaska’s Kodiak Island at around 6:27 ... |
Daily Crunch: Days after announcing plans to cut 10K jobs, Microsoft invests billions more in OpenAI | Christine Hall | 2,023 | 1 | 23 | Happy new week! Did you know that TechCrunch has a bunch of amazing newsletters that aren’t this one? If you’re into transportation, don’t miss ’s . writes our weekly (with currently filling in while Greg is on paternity leave); does the newsletter; writes , which is our fintech newsletter; and does th... |
Private investment in space dropped 58% last year, even with SpaceX, Anduril monster raises | Aria Alamalhodaei | 2,023 | 1 | 19 | Private investment in the space economy dropped by 58% in 2022 compared to the year prior, with macroeconomic headwinds battering private and public markets, according to from New York-based Space Capital. But while 2023 is shaping up to be another hard year for startups, Space Capital’s report maintains that the ext... |
With a focus on patients with chronic illness, Nourish hopes to help Americans eat better | Anna Heim | 2,023 | 1 | 20 | Many of us would feel better if we ate better. But for patients with chronic diseases, the issue is more pressing: Fixing their diet is often key to keeping their condition under control. According to the , six in 10 adults in the U.S. have a chronic disease such as diabetes or heart conditions. Millions of these coul... |
GoodOnes raises to help make sense of your mess of a camera roll | Haje Jan Kamps | 2,023 | 1 | 20 | You know what it’s like — you’ve been on vacation and you’ve taken 28 million photos, and you just want to select the best 12 so you can make a calendar. Ain’t nobody got time for that — and that’s what is here to help you with. The app is in early access mode at the moment, and just closed a $3.5 million round of se... |
Debunking the myths of why venture investors don’t fund diverse startups | Dominic-Madori Davis | 2,023 | 1 | 20 | land on a word to explain what is happening to women and minorities within venture. Are such founders overlooked or undersought? Underestimated underrepresented? Marginalized? Discriminated against? Or just ignored? The excuses used to justify these sobriquets are equally scattered. Women received just funds last y... |
Forspoken review: Square Enix’s risky new IP arrives half-baked | Devin Coldewey | 2,023 | 1 | 23 | Everyone is excited for Final Fantasy XVI, but in an age of endless sequels the fresh and original action RPG Forspoken has gamers hoping that a fun new franchise is being minted. Unfortunately, Square Enix’s risky bet doesn’t quite pay off: It’s an ambitious but disjointed experience that feels for all the world like ... |
Review: The 2023 Mac Mini is a serious contender with the M2 Pro | Matt Burns | 2,023 | 1 | 23 | Apple’s latest silicon innovations shine in the Mac Mini. The tiny desktop computer is the latest Apple computer fitted with the M2 chipset. For $599, buyers can opt for the M2, or they spend $1,299 for the impressive M2 Pro, which features unique benefits. For the last several days, my M1 Mac Mini sat on the sidelines... |
Climate tech roundup: Food waste, wastewater and the UK’s troubled battery industry | Tim De Chant | 2,023 | 1 | 22 | Welcome back, climate tech readers! Like , we’ve got a full slate once more, from food waste to wastewater and more. Let’s dive in. Mill Industries After for $3.2 billion, Matt Rogers is no stranger to scaling fast. But unlike last time, Rogers isn’t interested in selling so quickly. “This is the next 20 years of m... |
Britishvolt’s bankruptcy is the death knell for the UK’s battery industry | Tim De Chant | 2,023 | 1 | 19 | manufacturer startup, announced Tuesday that it was , dealing a punishing blow to the United Kingdom’s automotive sector. The company had been championed by U.K. leaders, who had hoped it would provide a laundry list of benefits: good paying jobs, advanced manufacturing know-how and homegrown battery packs to support... |
These 5 companies bootstrapped their way to big businesses while VCs came knocking | Mary Ann Azevedo | 2,023 | 1 | 9 | as a surprise to some, but not every startup is clamoring to raise venture capital. The reasons some founders shun the process of raising institutional funding vary based on individual circumstances. There are founders who don’t like the idea of giving up equity. Others don’t want to give up control of their operation... |
Noon Energy brings Mars tech down to Earth with carbon-oxygen battery system | Tim De Chant | 2,023 | 1 | 18 | story usually goes something like this: Start an earthbound company, make lots of money, launch a rocket company to go to Mars. If that’s the stereotypical narrative, then Chris Graves has it all backward. Graves started with the Red Planet, helping to develop a key instrument for that’s currently roaming the Jezero... |
Sealed buys sensor startup InfiSense to fuel energy-saving services | Harri Weber | 2,023 | 1 | 13 | Sealed built a business around predicting energy use and getting homeowners to ditch fossil fuels. So, naturally, the company’s first acquisition is a startup that tracks energy on a granular level. Sealed did not disclose the terms of the deal, but said in a that scooping up Burlington, Vermont-based InfiSense would... |
Germany is looking into PayPal’s terms for merchants | Natasha Lomas | 2,023 | 1 | 23 | Veteran tech giant PayPal is facing an antitrust investigation in Germany — where the Federal Cartel Office (FCO) has it’s looking into its rules on surcharges. The regulator is concerned that restrictions PayPal imposes on merchants could be harming competitors and inflating costs for consumers by restricting price ... |
Wastewater recycler Membrion makes light work of removing heavy metals | Harri Weber | 2,023 | 1 | 18 | , a venture firm that aims to fund “disruptive water technologies,” is pumping millions into so the Seattle startup can mass-produce its wastewater treatment tech. Membrion claims its ceramic membranes can filter out problematic heavy metals ( the genre, but toxic stuff like lead, arsenic and lithium) for around o... |
Virgin Orbit mission suffers anomaly in first orbital launch from British soil | Devin Coldewey | 2,023 | 1 | 9 | : Despite successfully reaching second engine cut-off and thus past many of the most difficult parts of launch, the Start Me Up mission has suffered “an anomaly that has prevented us from reaching orbit.” The Cosmic Girl aircraft and crew are fine. Virgin has not detailed the nature of the anomaly but it is clear that ... |
Climate tech roundup: From solar to CES, this week had something for everyone | Tim De Chant | 2,023 | 1 | 15 | Hello, climate tech readers! Even without a milestone fusion announcement this week, plenty happened in the climate tech world that’s worth catching up on. From massive solar investments to plant-based steaks and small, modular batteries to back up your home, there’s something for everyone. Let’s dive in. Elijah Nouve... |
Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B | Kyle Wiggers | 2,023 | 1 | 20 | Thoma Bravo, the private equity and growth capital firm, today that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats. Magnet Forensics will be purchased by a newly created c... |
HubSpot co-founder Shah backs Peerlist for a new take on professional networking | Jagmeet Singh | 2,023 | 1 | 23 | With across more than 200 countries, LinkedIn is a household name in the world of professional networking. But as the platform grew, it shifted some focus to becoming of and . Now a young startup wants to disrupt that. aims to fill this gap by providing a space for professionals to find and connect with one anot... |
Founder and NFX VC James Currier vets startup ideas at TC Early Stage | Lauren Simonds | 2,023 | 1 | 23 | You have a great idea for a startup, and you’re working hard to build, launch and scale. But, and stay with us here, is your idea truly good? According to James Currier — founding partner of NFX, a VC firm by and for entrepreneurs — good ideas have patterns, and 90% of the ideas he sees at the pre-seed/seed stage will ... |
McKinsey, eyeing the MLOps space, buys Tel Aviv–based Iguazio | Kyle Wiggers | 2,023 | 1 | 23 | The same day Microsoft billions in OpenAI, McKinsey enterprise-focused AI firm Iguazio for a relative steal. The consulting giant paid around $50 million for Iguazio, a Tel Aviv–based company offering an MLOps platform for large-scale businesses — “MLOps” refers to a set of tools to deploy and maintain machine le... |
Babylist makes an even bigger bet on baby products with Expectful acquisition | Natasha Mascarenhas | 2,023 | 1 | 23 | The overlap, however, is in more than the mission. Both of the company’s CEOs invested in each other’s last venture capital round; Babylist’s CEO and founder wrote a check into Expectful’s ; and Expectful CEO invested in Babylist’s last round, While the two founders didn’t publicly disclose purchase price, both c... |
All that VC dry powder is damper than you think | Natasha Mascarenhas | 2,023 | 1 | 23 | Welcome back to , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Natasha is back in the Bay, after five weeks away, so some could say, San Francisco is back. As always, you can support me by following me on and The show also tweets from , so follow us there... |
Meta expands its partnership with the NBA to offer 52 games in VR | Aisha Malik | 2,023 | 1 | 23 | Meta is expanding its partnership with the NBA and WNBA to offer more than 50 live VR games on Meta Quest, the company on Monday. Meta Quest is the official headset of the NBA, as Facebook with the league back in 2020. The company will deliver a package of 52 live NBA games, including five immersive 180-degree mono... |
US solar manufacturing gets boost with $2.5B Georgia deal | Tim De Chant | 2,023 | 1 | 11 | Act has clearly kickstarted investment in U.S. clean energy manufacturing. Last year, automakers and battery manufacturers announced that they’d spend to ramp up EV production in the U.S. Now it’s solar’s turn. Today, Korean solar manufacturer Hanwha Qcells that it’ll spend $2.5 billion to build a new plant in Geo... |
John Deere will let farmers repair their own equipment | Brian Heater | 2,023 | 1 | 10 | Here in the U.S., John Deere is, in a word, dominant. According to figures from antitrust nonprofit , the corporation controls 53% of the large tractor market in this country and 60% of farm combines. It’s not the only game in town, but it’s a hard one to avoid. That’s precisely why refusal to allow customers to repai... |
Wordle clone Quordle acquired by Merriam-Webster | Paul Sawers | 2,023 | 1 | 20 | , the Encyclopædia Britannica subsidiary best known , has acquired a popular Wordle clone called . Terms of the deal have not been disclosed. Little fanfare has been made around the acquisition, but the Quordle website now redirects to its own space on the Merriam-Webster website, while Quordle creator Freddie Meyer ... |
Alphabet makes cuts, Twitter bans third-party clients, and Netflix’s Reed Hastings steps down | Kyle Wiggers | 2,023 | 1 | 21 | Howdy, folks! Happy Friday. While our fearless Week in Review leader Greg enjoys parental leave, I’m filling in, curating the latest on the tech news front. It was a roller coaster of a week once again as economic headwinds took a brutal, demoralizing toll, and as chaos reigned at Elon Musk’s Twitter. Somewhere in the ... |
India blocks YouTube videos and Twitter posts on BBC Modi documentary | Manish Singh | 2,023 | 1 | 21 | The Indian government has ordered YouTube and Twitter to take down videos and tweets about a BBC documentary that is critical of Prime Minister Narendra Modi. India’s Ministry of Information and Broadcasting issued the directions “for blocking multiple YouTube videos” and “over 50 tweets” linked to the videos of the fi... |
The FTC orders HomeAdvisor to pay up to $7.2M for lying about lead quality and other matters | Sarah Perez | 2,023 | 1 | 23 | The U.S. Federal Trade Commission has home services marketplace to pay up to $7.2 million for its use of deceptive and misleading tactics in selling home improvement project leads to service providers, including small businesses operating in the gig economy. The fine is the first gig work–related penalty following t... |
A hack at ODIN Intelligence exposes a huge trove of police raid files | Zack Whittaker | 2,023 | 1 | 21 | for imminent police raids, confidential police reports with descriptions of alleged crimes and suspects, and a forensic extraction report detailing the contents of a suspect’s phone. These are some of the files in a huge cache of data taken from the internal servers of ODIN Intelligence, a tech company that provides a... |
Climate benefits of killing gas stoves aren’t what you think, but the health benefits are | Tim De Chant | 2,023 | 1 | 9 | be on the chopping block soon. The U.S. Consumer Product Safety Commission is considering banning the appliances in an effort to reduce harmful indoor air pollution, according to a by commissioner Rich Trumka Jr. and to Bloomberg. “This is a hidden hazard,” Trumka told the news organization. “Any option is on the ... |
Daily Crunch: Alphabet CEO lays off 12,000 people, says company ‘hired for a different economic reality’ | Christine Hall | 2,023 | 1 | 20 | Happy Friday! Join us in wishing a very warm welcome to the team! He’s joining our crack team of cybersecurity reporters, working alongside Zack and Carly. He just published his first article on TC, about . Welcome aboard!! Enjoy your weekend! — and A $32 million seed round for Chris DeWolfe’s newest gaming compa... |
Wikipedia gets its first makeover in over a decade… and it’s fairly subtle | Sarah Perez | 2,023 | 1 | 18 | Wikipedia, one of the , and a resource every month, is getting its first makeover on the desktop in over a decade. The Wikimedia Foundation, which runs the Wikipedia project, today the launch of an updated interface aimed at making the site more accessible and easier to use with additions like improved search, a m... |
Twitter’s data leak response is a lesson in how not to do cybersecurity | Carly Page | 2,023 | 1 | 19 | its silence over the first security incident of the Musk era: an alleged that exposed the contact information of millions of users. In late December, a poster on a popular cybercrime forum claimed to have scraped the email addresses and phone numbers of 400 million Twitter users by way of , previously blamed for ex... |
TikTok’s ‘corecore’ is the latest iteration of absurdist meme art | Amanda Silberling | 2,023 | 1 | 21 | TikTok goes a little overboard when it comes to categorizing every last aesthetic into its own microtrend. You notice it when calls your music taste , or when you strangely end up at a charity gala in San Francisco and a tech exec asks you if he should be concerned that his teen daughter is obsessed with (yes, thi... |
Lidar companies face a ‘make it or break it’ year | Kirsten Korosec | 2,023 | 1 | 18 | That nagging déjà vu feeling kept creeping in earlier this month during in Las Vegas. At every turn, in the newly constructed West Hall at the Las Vegas Convention Center, and even amid the crowded startup grinder at Eureka Park, was a company pitching lidar sensor technology. That might not have been so remarkable i... |
Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO | Kirsten Korosec | 2,023 | 1 | 23 | Before I jump into our regular news roundup, I wanted to bring your attention to , the premium electric car brand owned by China’s Geely Holdings. You might recall that about a month ago, Zeekr filed confidentially for an in the United States. Zeekr, which will spin out of Geely, reportedly aims to raise more than $... |
The mirage of dry powder | Anna Heim | 2,023 | 1 | 14 | A recent on TechCrunch+ wondered whether “record levels of dry powder [will] trigger a delayed explosion of startup investment.” The question relied on a postulate: That venture capitalists have raised plenty of funding that remains to be deployed. The idea that dry powder has reached record levels is commonly shared... |
Shell snaps up EV charging operator Volta for $169 million | Kirsten Korosec | 2,023 | 1 | 18 | A U.S.-based subsidiary of oil company Shell is buying EV charging network operator Volta in an all-cash transaction valued at $169 million. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash upon completion of the merg... |
Self-driving truck startup Waabi brings on Volvo VC as strategic investor | Rebecca Bellan | 2,023 | 1 | 18 | Autonomous trucking startup has bagged Volvo Group Venture Capital AB, the automaker’s VC arm, as a strategic investor. The companies aren’t disclosing the amount invested, nor many other details about the deal, but having Volvo on board will both provide Waabi access to Volvo’s extensive industry network and help th... |
Didi gets China’s approval to relaunch after 18-month security probe | Rita Liao | 2,023 | 1 | 16 | Eighteen months after its app was suspended in China, ride-hailing giant Didi made a comeback on Monday. The move came as China showed signs of on the internet sector over the past three years. In July 2021, Chinese authorities , citing reasons that the platform was “illegally collecting user data.” Earlier that sam... |
Uber drivers in Europe gain access to Tesla, Polestar and other EVs through Hertz | Kirsten Korosec | 2,023 | 1 | 17 | Uber has expanded an agreement with Hertz to get thousands of ride-hailing drivers behind the wheel of an electric car — this time in Europe. The two companies announced that Hertz will make up to 25,000 EVs available to Uber drivers in European capital cities by 2025. The announcement comes about 15 months after Uber ... |
ODIN Intelligence website is defaced as hackers claim breach | Zack Whittaker | 2,023 | 1 | 15 | The website for ODIN Intelligence, a company that provides technology and tools for law enforcement and police departments, was defaced on Sunday. The apparent hack comes days after that an app developed by the company, SweepWizard, which allows police to manage and coordinate multi-agency raids, had a significant se... |
Kate is a new car maker focused on micro-cars for everyday use | Romain Dillet | 2,023 | 1 | 18 | Meet , a French company that wants to create a tiny car that you can use for your daily commute and various errands. In addition to CEO Matthias Goldenberg and CTO Pierre Escrieut, Kate is also co-founded by Thibaud Elzière, the serial entrepreneur behind , the startup studio . While Kate is a car manufacturer at he... |
In race to electrify, Uber wants EVs that sacrifice top speeds, wheels | Harri Weber | 2,023 | 1 | 19 | The clock is ticking for Uber to electrify its fleet, and the rideshare company wants automakers to help by designing cheaper electric vehicles for its drivers. Lawmakers are setting deadlines for rideshare companies to ditch fossil fuels ( ‘s Air Resources Board among them), and Uber has its own electrification deadli... |
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