Crunch Hype

Today shares of Coinbase began to trade after the company executed a direct listing. From a reference price of $250, Coinbase shares opened at $381 today, a change of around 52%. At its open Coinbase was valued at $99.6 billion on a fully diluted basis. As of the time of writing Coinbase has appreciated further […]

Bangalore-based startup Zeta is inching closer to the much sought-after unicorn status as it works to finalize a new financing round led by SoftBank Vision Fund 2, sources familiar with the matter told TechCrunch. SoftBank Vision Fund 2 is in talks to lead a ~$250 million Series D round in the five-year-old Indian startup, the […]

Would be TikTok competitor Triller, operated by parent company TrillerNet, is gaining a new CEO, the company announced today. The short-form video app said it’s acquiring an A.I.-based customer engagement platform, Amplify.AI, whose co-founder Mahi de Silva will now become TrillerNet’s CEO. Existing CEO Mike Lu will transition to president of TrillerNet and will focus […]

Blue Origin has launched its New Shepard rocket for the second time this year, and the 15th time overall. The mission profile saw the reusable spacecraft fly to suborbital space, and then return for a parachute-assisted landing at Blue Origin’s launch facility in West Texas. This flight was a little different than its usual missions, […]

Labor activists challenging Uber over what they allege are ‘robo-firings’ of drivers in Europe have trumpeted winning a default judgement in the Netherlands — where the Court of Amsterdam ordered the ride-hailing giant to reinstate six drivers who the litigants claim were unfairly terminated “by algorithmic means.” The court also ordered Uber to pay the […]

School closures due to the pandemic have interrupted the learning processes of millions of kids, and without individual attention from teachers, reading skills in particular are taking a hit. Amira Learning aims to address this with an app that reads along with students, intelligently correcting errors in real time. Promising pilots and research mean the […]

Lime, Bird and VeoRide have scored coveted permits to New York City’s first e-scooter pilot. The New York City Department of Transportation, which originally released a request for proposals in October for the pilot that was meant to start in early March, made its selections public Wednesday. The three companies are expected to begin operations in […]

Extra Crunch Live, our weekly event series that connects founders with tech leaders, is really picking up speed. Recently, we had a conversation with Accel’s Dan Levine and Scale’s Alexandr Wang about how sometimes, unconventional VC deals are the best deals. We’ve also taken a walk through early decks from companies like Poshmark, Steady and […]

For the past few years, our company has put very promising candidates into the annual H-1B lottery. None of them have been selected. Are there any other ways we can obtain H-1Bs for our team members?

Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo […]

Manhunt, a gay dating app that claims to have 6 million male members, has confirmed it was hit by a data breach in February after a hacker gained access to the company’s accounts database. In a notice filed with the Washington attorney general’s office, Manhunt said the hacker “gained access to a database that stored […]

This is Amazon’s latest hardware product: The redesigned Alexa earbuds. TechCrunch covered the announcement here, where the specs and capabilities are listed. I’m sure they work fine, too, but the case design is a blatant rip-off of Apple’s AirPod Pros. This is just lazy. Amazon has a long history of selling and promoting lookalikes, copycats, […]

Meati, a company turning mycelium (the structural fibers of fungi) into healthier meat replacements for consumers, is prepping for a big summer rollout. Co-founder Tyler Huggins expects to have the first samples of its whole-cut steak and chicken products in select restaurants around the country — along with their first commercial product, a jerky strip. […]

Space startup Astranis has raised a $250 million Series C round to provide it with a capital injection to help scale manufacturing of its unique MicroGEO satellites — geostationary communications satellites that are much smaller than the typical massive, expensive spacecraft used in that orbital band to provide communications and connectivity to specific points on […]

Creatively — a startup that helps designers, photographers, illustrators and other creative professionals showcase their work and find their next job — is announcing that it has raised in $5 million. Founded by Stacey Bendet (founder and CEO of fashion company Alicia + Olivia) and Joe Indriolo (who also serves as Creatively’s chief product officer), […]

PlexTrac, a Boise, ID-based security service that aims to provide a unified workflow automation platform for red and blue teams, today announced that it has raised a $10 million Series A funding round led by Noro-Moseley Partners and Madrona Venture Group. StageDot0 ventures also participated in this round, which the company plans to use to […]

Instagram today will begin a new test around hiding Like counts on users’ posts, following its experiments in this area which first began in 2019. This time, however, Instagram is not enabling or disabling the feature for more users. Instead, it will begin to explore a new option where users get to decide what works […]

Carbo Culture — a startup that has scaled an industrial process to create large-scale CO2 removal using woody waste from agriculture and forests — has raised $6.2 million in seed a financing round led by Silicon Valley VC True Ventures. The round was co-led by European early-stage venture firm Cherry Ventures. Swiss climate investor Übermorgen Ventures […]

Facebook’s lead data supervisor in the European Union has opened an investigation into whether the tech giant violated data protection rules vis-a-vis the leak of data reported earlier this month. Here’s the Irish Data Protection Commission’s statement: “The Data Protection Commission (DPC) today launched an own-volition inquiry pursuant to section 110 of the Data Protection […]

Meet Sunday, a new startup that is going to attract some headlines as it has raised a $24 million seed round at a $140 million post-money valuation. That’s a lot of money for a company that started just a few months ago but that’s because Sunday wants to move quickly. Sunday is getting noticed because […]

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week’s deep dive Natasha and Alex wanted to dig into the Tonal EC-1, a huge document spread across a number of posts. Our goals were pretty simple: To better understand Tonal’s journey, and also to get into the […]

When ZeroAvia’s six-seater aircraft completed an eight-minute flight from Cranfield Airfield in the U.K. last September, the company claimed a “major breakthrough” with the first-ever hydrogen fuel cell flight of a commercial-size aircraft. The modified Piper Malibu propeller plane was now the largest hydrogen-powered aircraft in the world, wrote the company. “While some experimental aircraft […]

Fontinalis, the 12-year-old, Detroit-based early stage venture firm, is known for being among the very first investing outfits to focus squarely on mobility as an overarching theme. It wasn’t a surprising mandate, given that the outfit’s cofounders include Bill Ford, the great grandson of Henry Ford and the executive chairman of Ford Motor Company. Nevertheless, […]

European Union lawmakers who are drawing up rules for applying artificial intelligence are considering fines of up to 4% of global annual turnover (or €20M, if greater) for a set of prohibited use-cases, according to a leaked draft of the AI regulation — reported earlier by Politico — that’s expected to be officially unveiled next […]

It’s been about a year and a half since Amazon released the first Echo Buds. I reviewed them when they arrived, and they were, I don’t know, fine, I guess. They were a bit on the cheap side, facing some stiff competition in the category and, honestly, the idea of wearing Alexa on my head […]

Streaming media software maker Plex announced today it has raised a $50 million growth equity round from existing investor Intercap ahead of its planned business expansion into rentals, purchases and subscription content. This is the first financing Plex has taken on since 2014 and is being partly used to purchase shares and options from Plex’s […]

Digital transformation has been one of the biggest catchphrases of the past year, with many an organization forced to reckon with aging IT, a lack of digital strategy, or simply the challenges of growth after being faced with newly-remote workforces, customers doing everything online and other tech demands. Now, a startup called Upstack that has […]

Outschool, a marketplace providing small-group, virtual after-school activities for children has raised a $75 million Series C led by Coatue and Tiger Global Management. TechCrunch first learned of the round from sources familiar with the transaction; the company confirmed the deal to TechCrunch later today. The new funding values Outschool’s at $1.3 billion, around 4 […]

When Hampus Jakobsson, Heidi Lindvall, and Joel Larsson, all well-known players in the European venture ecosystem, began talking about their new firm Pale Blue Dot, they began by looking at the problems with venture capital. For the three entrepreneurs and investors, whose resumes included co-founding companies and accelerators like The Astonishing Tribe (Jakobsson) and Fast […]

Connected Cannabis Co. was founded in 2009 and has since grown to become a leading cultivator of designer cannabis strains. Today, the company announced $30 million in debt and equity financing. This comes after the company raised a $25 million Series A in 2019. The new round was led by existing investors including Navy Capital […]

The sheer volume of people migrating to Austin from all over the country, but particularly from the San Francisco Bay Area, has been making headlines for a while now. One result of this continued migration is a steady surge in housing prices due to increased demand and low inventory that dropped to nearly zero earlier […]

TechCrunch is embarking on a major new project to survey European founders and investors in cities outside the major European capitals. Over the next few weeks, we will ask entrepreneurs in these cities to talk about their ecosystems, in their own words. For this survey we are interested in startup hubs in England and Wales. […]

Offering a respite from processed foods for the richest 20% of Americans, Simple Feast has landed on U.S. shores with a mission to expand its presence on the back of $45 million in financing from investors. The European startup is looking to take a page from the shouty LIVEKINDLY Collective playbook and take on the […]

Slice, a startup that helps independent pizzerias build an online business, has raised another $40 million in Series D funding. The round was led by Cross Creek, with participation from KKR, GGV Capital and Primary Ventures, as well as Twitter’s former CEO Dick Costolo and former COO Adam Bain (through their firm 01 Advisors). Last […]

Wire, the end-to-end encrypted messaging app and service, has raised a $21 million Series B funding round led by UVC Partners. As the company said a couple of years ago, the company is focusing on the enterprise market more than ever. While Wire started as a consumer app, it never managed to attract hundreds of […]

Standard Energy, a vanadium ion battery developer, announced today it has raised a $8.9 million Series C from SoftBank Ventures Asia. The South Korea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. The latter is an important selling point, as electric vehicle makers face […]

For a continent with such stark inequality, Africa has seen limited innovation to increase access to healthcare and reduce healthcare delivery costs. Over the years, there has been continued investment in traditional care models despite the overwhelming evidence of inefficiency and escalating costs. The pandemic also laid these problems bare, exposing the vulnerabilities of the […]

Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar. China’s Xpeng begs to differ. Founded in 2014, Xpeng is one of China’s most celebrated electric vehicle startups and went public when it was just […]

Based in Ho Chi Minh City, Docosan helps patients avoid long waits by letting them search and book doctors through its app. The company announced today it has raised more than $1 million in seed funding, which is claims is one of the largest seed rounds ever for a Vietnamese healthtech startup. The investment was […]

After a relatively quiet couple of months from Oculus on the software front, Facebook’s VR unit is sharing some details on new functionality coming to its Quest 2 standalone headset. The features, which include wireless Oculus Link support, “Infinite Office” functionality and upcoming 120hz support will be rolling out in the Quest 2’s upcoming v28 […]

A court in Houston has authorized an FBI operation to “copy and remove” backdoors from hundreds of Microsoft Exchange email servers in the United States, months after hackers used four previously undiscovered vulnerabilities to attack thousands of networks. The Justice Department announced the operation on Tuesday, which it described as “successful.” In March, Microsoft discovered […]

Spotify wants to have a bigger presence in your car, Apple hints at iPad-centric announcements and Microsoft’s new Surface Laptop goes on sale. This is your Daily Crunch for April 13, 2021. The big story: Spotify unveils an in-car entertainment system Spotify’s new device is the oddly (but memorably!) named Car Thing. While there are […]

Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company’s most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion. Using a simple share count of 196,760,122 provided in its […]

There are about to be a lot of antitrust bills taking aim at Big Tech, and here’s one more. Senator Josh Hawley (R-MO) rolled out a new bill this week that would take some severe measures to rein in Big Tech’s power, blocking mergers and acquisitions outright. The “Trust-Busting for the Twenty-First Century Act” would […]

Risk and compliance startup LogicGate has confirmed a data breach. But unless you’re a customer, you probably didn’t hear about it. An email sent by LogicGate to customers earlier this month said on February 23 an unauthorized third party obtained credentials to its Amazon Web Services-hosted cloud storage servers storing customer backup files for its […]

To uncover some basic truths about building products, we spoke to three entrepreneurs who have each built more than one company.

The snake robot has been something of an institution in the Carnegie Mellon robotics labs. Every time I visit the school, the biomimetic robot has seemingly learned a new trick. This week, the school announced it has added swimming to the list. Testing actually began last month in one of CMU’s pools, with the snake […]

Facebook confirmed it’s testing a video speed-dating app called Sparked, after the app’s website was spotted by The Verge. Unlike dating app giants such as Tinder, Sparked users don’t swipe on people they like or direct message others. Instead, they cycle through a series of short video dates during an event to make connections with […]

Hydrogen is capturing the attention of governments and private sector players, fueled by new tech, global green energy legislation and post-pandemic “green recovery” schemes.

Startup Alley — the very name conjures up images of early-stage startups demonstrating game-changing products, platforms and services to thousands of Disrupt attendees and industry influencers. It’s where you’ll find envelope pushing and boundary breaking going down. If you’re busy shoving envelopes and busting down boundaries, don’t miss your chance to exhibit in Startup Alley […]