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Updated 2024-11-21 18:17
Political economist Neil Malholtra on why some in Silicon Valley turned on Gavin Newsom
Whether or not Democratic California Governor Gavin Newsom survives Tuesday’s recall election may depend to some degree on a small but vocal group of Silicon Valley power players who’ve thrown their weight behind the effort to oust him, including some who previously supported mostly Democratic politicians. To better understand what happened, we talked recently with […]
Digital freight marketplace BridgeLinx raises $10 million in Pakistan’s largest seed funding
BridgeLinx, a 9-month-old Lahore-headquartered startup that operates a digital freight marketplace, said on Tuesday it has raised $10 million in what is the largest seed financing round in Pakistan. Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures and Indus Valley Capital co-led the startup’s financing round, which Salman Gul, co-founder and chief executive of BridgeLinx, […]
Chinese tech giant Baidu begins publicly testing Apollo Go robotaxis in Shanghai
Chinese search engine giant Baidu has begun publicly testing its Apollo Go robotaxi mobile platform in Shanghai, marking the company’s continued expansion of its footprint in China. While Baidu says its robotaxis have achieved Level 4 capabilities, a human safety operator will be present during all rides, which are open to the public as of […]
The Equity crew riffs on the Intuit-Mailchimp news
Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast where we unpack the numbers behind the headlines. We are back! From this morning, I suppose. But the news cycle doesn’t wait for our publishing schedule, so the Equity crew got together to yammer all about the Intuit-Mailchimp acquisition. A $12 billion deal composed of stock and […]
Daily Crunch: Apple urges users to update all devices after hacktivists reveal zero-day flaw
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Amazon releases a Kindle software redesign to make navigation easier
Yeah, yeah, you don’t need to charge a real book or update a book’s software. But now, our trusty Kindles remind us that they’re actually Wi-Fi connected, electronic devices capable of change as Amazon unveils a rare, significant design upgrade for the first time in years. To simplify navigation, the new look adds a two-tab bar to […]
Use creative automation software to amp up your brand’s lower-funnel assets
In addition to driving a clear lift in revenue, automating digital marketing assets means cost and time savings, too.
Intuit confirms $12B deal to buy Mailchimp
This afternoon Intuit confirmed persistent rumors that it was in the process of buying Mailchimp, detailing a $12 billion transaction that will bring the well-known email infra company to its corporate remit. Intuit is not a well-known player in the email marketing space. The company is instead best known for its TurboTax software (and associated […]
Twitch sues two users for harassing streamers with hate raids
Twitch filed a lawsuit late last week against two people on its own platform for running automated hate and harassment campaigns. The harassment, often targeted at Black and LGBTQ streamers, manifests in a unique Twitch phenomenon as a “hate raid.” On Twitch, creators regularly point viewers toward another friendly account after their stream concludes to […]
Apple patches an NSO zero-day flaw affecting all devices
Apple has released security updates for a zero-day vulnerability that affects every iPhone, iPad, Mac and Apple Watch. Citizen Lab, which discovered the vulnerability and was credited with the find, urges users to immediately update their devices. The technology giant said iOS 14.8 for iPhones and iPads, as well as new updates for Apple Watch […]
Instagram is building a ‘Favorites’ feature so you don’t miss important posts
Instagram confirmed it’s developing a new feature called “Favorites,” which would allow users to select certain accounts whose posts they would like to see higher in their feed. A similar feature already exists on Facebook where it gives users a bit more control over the News Feed algorithm. On Facebook, users can select up to […]
Ford hires new chief digital information officer as it seeks to expand into software and services
Ford Motor has hired Mike Amend as its chief digital and information officer as the automaker seeks to expand into software, subscriptions and in-vehicle connectivity. Amend, who was president of Lowe’s Online for three years, will focus on Ford’s “use of data, software and technology” — all areas central to Ford’s new Ford+ strategy, the […]
3 keys to pricing early-stage SaaS products
The pricing journey is long and, despite what some founders might think, jumping headfirst into customer acquisition isn’t the first stop. Step one is making sure you have a fully fledged product.
Join Team TechCrunch at these speed networking sessions at Disrupt
Grab a red Sharpie, circle September 20 on your calendar (ooh, how old-school) and get ready to jumpstart your TechCrunch Disrupt 2021 networking experience. Sure, Disrupt’s “official” run is September 21-23, but why wait to meet other movers and shakers in your specific tech category? We’re hosting a series of speed networking sessions to get […]
How Colossal sold investors on a quest to resurrect a woolly mammoth
There are a growing number of companies interested in CRISPR’s potential to upend medicine. It’s probably safe to say there’s only one company interested in using the gene-editing system to create a living, breathing woolly mammoth. Or, at least, something pretty close to it. That’s the primary mission of a new company called Colossal. Co-founded […]
GM invests in radar software startup Oculii as demand for automated driving features rise
Oculii, a software startup that aims to improve the spatial resolution of radar sensors by up to 100-fold, has scored a new investment from General Motors. The new funding, which the two companies say is in the millions, comes just months after Oculii closed a $55 million Series B. Oculii and GM have already been […]
The past, present and future of IoT in physical security
It is impossible to compare where the IP camera industry stands today to where it stood 25 years ago without being impressed.
Epic Games appeals last week’s ruling in antitrust battle with Apple
Fortnite maker Epic Games is appealing last week’s ruling in its court battle with Apple, where a federal judge said Apple would no longer be allowed to block developers from adding links to alternative payment mechanisms, but stopped short of dubbing Apple a monopolist. The latter would have allowed Epic Games to argue for alternative […]
BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk
BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum. Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings, will […]
What to make of Freshworks’ first IPO price range
It appears that Freshworks is pretty reasonably priced in its current range.
SpotOn raises $300M at a $3.15B valuation and acquires Appetize
Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E […]
Spotify’s Clubhouse clone adds six new weekly shows, some that tie to Spotify playlists
This summer, Spotify launched its live audio app and Clubhouse rival, Spotify Greenroom, with the promises of more programming to come in the months ahead to augment its then primarily user-generated live content. Today, the company is making good on that earlier commitment, with the launch of six new shows on Spotify Greenroom focused on […]
Toast looks toward $18B valuation in upcoming IPO
If you were considering buying into Toast's IPO in hopes of having a say in its future, don't. You won't.
GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the grocery supply chain
When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine — is announcing a […]
Disney+ ‘Hawkeye’ trailer shows Clint Barton’s past catching up with him
The next Marvel Cinematic Universe show will premiere on Disney+ in November and Hawkeye has a festive setting. Watch the trailer for the new show starring Jeremy Renner and Hailey Steinfeld now.
Only one week until TechCrunch Disrupt 2021 opens a world of opportunity
One. More. Week. Just seven days until more than 10,000 people around the world storm the internet to attend TechCrunch Disrupt 2021 on September 21-23. We’re talking three event- and programming-packed days focused on anything — and everything — related to early-stage tech startups. You’ll hear from iconic founders, unicorn makers, boundary-benders — all of […]
JumpCloud raises $159M on $2.56B valuation for cloud directory tool
JumpCloud, the late-stage startup that is modernizing the notion of corporate directories in a cloud context, announced a $159 million Series F investment on a healthy $2.56 billion valuation today. Sapphire Ventures led the round with new investors participating including Owl Rock, Whale Rock Capital, Sands Capital and Endeavor Catalyst along with existing investors General […]
Equity Monday: Market pessimism, new iPhones, and IPOs
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
Dutch court finds Uber drivers are employees
Uber has lost another legal challenge in Europe over the employment status of drivers: The Court of Amsterdam, in the Netherlands, has ruled that drivers for Uber are employed, rather than self employed contractors. The court also found drivers are covered by an existing collective labor agreement in the country — which pertains to taxi […]
Defense Department seeks nuclear propulsion for small spacecraft
The US Defense Department's ambitions beyond Earth just grew a little clearer. The department recently put out a call for privately-made nuclear propulsion systems for small- and mid-sized spacecraft.
Vector.ai’s productivity platform for freight forwarders raises $15M A round led by Bessemer
With supply chains under constant stress because of the pandemic, freight forwarding has become one of the hottest startup sectors in the last two years. Indeed, International freight forwarding is now a $199 billion market. And the evidence is mounting. In November last year, digital freight forwarder Forto raises another $50M in a round led […]
Rezilion raises $30M help security operations teams with tools to automate their busywork
Security operations teams face a daunting task these days, fending off malicious hackers and their increasingly sophisticated approaches to cracking into networks. That also represents a gap in the market: building tools to help those security teams do their jobs. Today, an Israeli startup called Rezilion that is doing just that — building automation tools […]
MarginEdge, a restaurant management software company, raises $18M
MarginEdge’s tool is a restaurant management app that works with a business’ point of sale to streamline inventory, cost-tracking, ordering and recipes to eliminate the paperwork.
Freshworks aims for nearly $9 billion valuation in US IPO
Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its US initial public offering in which it is hoping to raise over $800 million. The California-based firm, which started its journey in India and rivals Salesforce, said it plans to sell 28.5 million shares at a price […]
Trade promotion management startup Cresicor raises $5.6M to keep tabs on customer spend
The company focuses on providing small to mid-size CPG companies with an automated way to manage their trade promotion in retail stores.
Babyscripts secures $12M to roll out its virtual maternity care model
Babyscripts can automate 40% to 50% of prenatal care and alert doctors as health problems occur so that both mother and baby are healthy.
Pandemic’s shift to remote wellness helps Numan raise $40M Series B led by White Star
Numan, the European subscription service covering erectile dysfunction (ED) and men’s wellness/health needs more generally, has raised $40 million in a Series B funding round led by White Star Capital, with participation from existing investors Novator, Vostok New Global, Anthemis Exponential, Colle Capital, and new investor Hanwha Group. The new round will be used to […]
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Today, Cairo-based B2B e-commerce startup Capiter continues that trend by raising a $33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Other participating investors include Savola, Shorooq Partners, […]
The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Twenty […]
Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom
E-commerce these days is now a major part of every retailer’s strategy, so technology builders and platforms that are helping them compete better on digital screens are seeing a huge boost in business. In the latest turn, Commercetools — a provider of e-commerce APIs that larger retailers can use to build customized payment, check-out, social […]
Chinese crackdown on tech giants threatens its cloud market growth
As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies including China’s four big cloud companies, BATH (Baidu AI, Alibaba Cloud, Tencent Cloud and Huawei Cloud), according to an analyst report. Despite a series of antitrust and internet-related regulation crackdowns, the four leading cloud […]
Billogram, provider of a payments platform specifically for recurring billing, raises $45M
Payments made a huge shift to digital platforms during the Covid-19 pandemic — purchasing moved online for many consumers and businesses; and a large proportion of those continuing to buy and sell in-person went cash-free. Today a startup that has been focusing on one specific aspect of payments — recurring billing — is announcing a […]
Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding
Health insurance is the kind of thing people usually only think about only when they need it. Otherwise, their policies are just paperwork in their files or cards in their wallet. Indonesian insurtech Rey Assurance is taking a new approach. Once someone becomes a member, they also get access to a platform of health services, […]
Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund
Southeast Asia’s funding boom is set to continue, with Jungle Ventures announcing today the $225 million first close of its fourth fund. Fund IV started raising in mid-May and is targeting a total of $350 million. The majority of its limited partners are returning from previous funds, and include Temasek Holdings, IFC (which put $25 […]
Technology giant Olympus hit by BlackMatter ransomware
Olympus said in a brief statement Sunday that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detection of suspicious activity, we immediately mobilized a specialized response team including forensics experts, and we are currently working with the highest priority to resolve this issue. As part […]
With sales momentum, Bookshop.org looks to future in its fight with Amazon
If Gutenberg were alive today, he’d be a very busy angel investor. With book sales booming during the COVID-19 lockdowns last year, the humble written word has suddenly drawn the limelight from VCs and founders. We’ve seen a whole cavalcade of new products and fundings, including algorithmic recommendation engine BingeBooks, book club startups like Literati […]
Should we care about the lives of our kids’ kids’ kids’ kids’…
We live during a time of live, real-time culture. Telecasts, spontaneous tweetstorms, on-the-scene streams, rapid-response analysis, war rooms, Clubhouses, vlogging. We have to interact with the here and now, feel that frisson of action. It’s a compulsion: we’re enraptured by the dangers that are terrorizing whole segments of the planet. Just this past month, we […]
What minority founders must consider before entering the venture-backed startup ecosystem
Venture funding for entrepreneurs of color remains elusive, but here are some tricks for startup founders to hack the system.
The next big startup may just help venture back more startups
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Oper8r, built by Winter Mead and Welly Sculley, wants to help new entrants in the VC world scale. The accelerator launched last year as a “Y Combinator for emerging fund managers,” built […]
Epic trial forces App Store changes, Android 12 launch nears, Twitter tries communities
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. […]
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