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Updated 2024-11-22 01:16
‘Thin file’ loans startup Koyo closes $50M Series A led by Force Over Mass
Koyo, a fintech startup using open banking to offer loans to people with poor credit histories, has closed a Series A funding round of $50 million in debt and equity led by Force Over Mass, with participation from existing investors Forward Partners, Frontline Ventures and Seedcamp. New investors in Koyo include Force Over Mass, Matt […]
Spotify playlist curators complain about ongoing abuse that favors bad actors over innocent parties
A number of Spotify playlist curators are complaining that the streaming music company is not addressing the ongoing issue of playlist abuse, which sees bad actors reporting playlists that have gained a following in order to give their own playlists better visibility. Currently, playlists created by Spotify users can be reported in the app for […]
Thoma Bravo takes a stake in threat intelligence provider Intel 471
Private equity giant Thoma Bravo has taken a stake in Intel 471, a provider of cyberthreat intelligence for enterprises and governments. The strategic growth investment, which comes as organizations double down on cybersecurity amid a pandemic-fueled rise in cyber threats, will enable Intel 471 to evolve its product suite, broaden its go-to-market strategy and continue […]
Sila Nanotechnologies’ battery technology will launch in Whoop wearables
Sila Nanotechnologies next-generation battery technology made its commercial product debut Wednesday in the new Whoop fitness tracker, a milestone that caps a decade of research and development by the Silicon Valley startup all aimed at cracking the code to packing more energy into a cell at a lower cost. Billions have been spent over the […]
TrueFort snares $30M Series B to expand zero trust application security solution
As companies try to navigate an ever-changing security landscape, it can be challenging to protect everything. Security startup TrueFort has built a zero trust solution focusing on protecting enterprise applications. Today, the company announced a $30 million Series B. Shasta Ventures led today’s round with participation from new firms Canaan and Ericsson Ventures along with […]
A Chinese EV startup wants to build a ridable robot unicorn for kids
Never mind buying a robot dog for your kids — you might just get them a mythical creature instead. Chinese EV maker Xpeng has teased a robot unicorn meant for children to ride.
UK offers cash for CSAM detection tech targeted at E2E encryption
The U.K. government is preparing to spend over half a million dollars to encourage the development of detection technologies for child sexual exploitation material (CSAM) that can be bolted on to end-to-end encrypted messaging platforms to scan for the illegal material, as part of its ongoing policy push around internet and child safety. In a […]
Twitter tests a safety feature on web to remove followers without blocking them
Twitter announced yesterday that it’s testing a feature on the web that makes it possible to remove followers without blocking them. Sometimes, users want to stop a follower from seeing their tweets without outright blocking them — if that follower were to navigate directly to their page, it’d be clear that they had been blocked, […]
Former head of Mint raises $4.5M for Lean to give gig workers access to financial products
Gig and independent workers have different needs when it comes to financial products than salaried employees at a company. It’s a challenge that Tilak Joshi, founder of Lean, became acutely aware of during his tenure as head of Mint and years as a product exec at American Express and PayPal. While the U.S. has seen […]
We must subsidize and regulate space exploration
Space can and should be about much more than giving the 1% another Instagrammable moment and increasing the wealth of the billionaires who provide the service.
TikTok, influencers on the clock
Alex Wilhelm is on a well-deserved vacation this week, so for the Equity Wednesday deep dive, we took the conversation to Twitter Spaces.
Dear Sophie: When can I apply for my US work permit?
My husband just accepted a job in Silicon Valley. His new employer will be sponsoring him for an E-3 visa. How soon can I apply for my U.S. work permit?
Forerunner is software for NFIMBYs, or no flooding in my backyard
Mayors have the toughest job in the world, and leading a city is only getting harder. Even as populations swell in urban cores across the world, climate change is constraining the geographies where that growth can happen. Coastal communities which are popular with residents are also taking a gamble when it comes to rising sea […]
Notion acquires India’s Automate.io in push to accelerate product expansion
Notion said on Wednesday it has acquired Automate.io, an Indian startup that builds connectivity and integrations with over 200 services, as the workplace productivity startup looks to accelerate its product expansion to become more compelling for tens of millions of individuals and businesses that are increasingly moving to digital collaborative tools. The San Francisco-headquartered startup, […]
Real-time database platform SingleStore raises $80M more, now at a $940M valuation
Organizations are swimming in data these days, and so solutions to help manage and use that data in more efficient ways will continue to see a lot of attention and business. In the latest development, SingleStore — which provides a platform to enterprises to help them integrate, monitor and query their data as a single […]
New leAD Sports & Health, Tavistock Group fund comes as sport tech market poised for double-digit growth
The new fund comes as the global sports technology market is poised to grow at a compounded annual growth rate of 17.5% to reach $40.2 billion by 2026.
DJI’s smartphone camera stabilizer gets smaller for the OM 5
DJI’s camera stabilization tech started life as an outgrowth of its drone tech, and has managed to develop into a robust line of its own. Roughly this time last year, the company announced that its smartphone-focused Osmo line was being rebranded to the simpler OM. Today, the OM 5 arrives, with a more compact design, […]
UnitQ raises $30M in Accel-led round to help companies improve product quality
Product quality is hugely important when it comes to the success of a product. Even if your product seems really cool, if it’s buggy or doesn’t work well, many people will just stop using it rather than taking the time to figure it out or even report a problem. UnitQ, a Burlingame, California-based startup using […]
Google Workspace opens up spaces for all users
Google is tying everything together with a handbook for navigating hybrid work, which includes best practice blueprints for five common hybrid meetings.
Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation
Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by […]
Amazon’s cashierless ‘Just Walk Out’ tech is coming to Whole Foods stores
Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor NVIDIA’s latest tech makes AI voices more expressive and realistic Apple drops its lawsuit against maker of iPhone emulation software After launching it in Go stores and then bringing it to larger Freshsupermarkets, Amazon’s cashierless “Just Walk Out” tech […]
Continental’s eco-friendly concept tire includes a renewable tread
Many efforts are underway to reduce the environmental impact of cars, but what about the tires those cars ride on? Continental thinks it might help, with its new Conti GreenConcept tire.
Gaia Capital Partners in Paris rebrands as Revaia, closes first €250M growth fund
Paris-based VC fund Gaia Capital Partners has change its name to Revaia and announced the final closing of its first growth fund, at €250 million. The firm said it exceeded its initial target of €200 million, and the fund will be ‘ESG focused’. Revaia is also claiming to be Europe’s largest female-founded VC fund, although […]
Beauty Pie, an online buyers’ club, picks up $100M to boost its beauty and wellness business
The beauty industry is worth some $500 million annually, and the Covid-19 pandemic has led to a sharp rise in the proportion of sales being carried out online. Today, a London-based beauty startup is announcing a major round of funding in hopes of reaping the spoils of that trend with a direct-to-consumer online storefront selling […]
Egyptian fintech MNT-Halan lands $120M from Apis Partners, DisrupTech and others
Over 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved despite mobile penetration exceeding 90%. Traditional banks often overlook this segment because of their spending power or financial status and fintechs have seized the opportunity to cater to their needs. One such fintech is MNT-Halan, and today, the company which […]
PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia
PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash, to enhance its business in Japan. The transaction completion including the regulatory approval is expected in the fourth quarter of 2021. After the acquisition, the […]
Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these businesses […]
Owl Ventures and Harvard Management Company back India’s study abroad platform Leap in $55 million round
Leap, a two-year-old startup with headquarters in San Francisco and Bangalore that is helping students in India find the right college abroad, prepare for entrance tests, and also secure visas and loan, said on Wednesday it has raised $55 million in a new financing round from several high-profile edtech backers. Leap said it has raised […]
Indian fintech Slice launches $27 credit limit cards to tap 200 million users
Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]
New IBM Power E1080 server promises dramatic increases in energy efficiency, power
We know that large data centers running powerful servers use vast amounts of electricity. Anything that can reduce consumption would be a welcome change, especially in a time of climate upheaval. That’s where the new IBM Power E1080 server, which is powered by the latest Power10 processors, comes into play. IBM claims it can consolidate […]
Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which Cao Cao announced on Monday, […]
Indonesia-focused Intudo Ventures closes $115M third fund
Intudo Ventures, the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Called Intudo Ventures Fund III, it was raised in less than three months and oversubscribed. Fund III’s limited partners include Black Kite Investments, the family office of Singaporean businessman Koh Bon Hwee; Wasson Enterprises, the family office of […]
E-commerce aggregator Rainforest raises $20M just months after its last funding
Four months after its last funding announcement, Singapore-based e-commerce aggregator Rainforest has closed a $20 million pre-Series A round led by Monk’s Hill Ventures. Other participants included January Capital, Crossbeam Venture Partners, Amasia and Lo & Behold Group, along with returning investors Nordstar and Insignia Venture Partners. Rainforest announced in May that it had raised […]
UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance
Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates — is announcing a milestone […]
Daily Crunch: Hyundai to provide hydrogen fuel cell versions of all commercial vehicles by 2028
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Meet retail’s new sustainability strategy: Personalization
Reducing waste is key to meeting environmental milestones, and some retail firms have narrowed in on a unique approach to minimize what their customers throw away: personalization.
Aerospace primes Northrop, Lockheed join in Orbit Fab’s over $10M funding round
San Francisco-based startup Orbit Fab wants to be the go-to source for orbital refueling, and now it has raised over $10 million in its quest to get there. The money will go toward funding a refueling trial that’s due to launch as early as the end of 2022, in which the company plans to send […]
Twitter is testing big ol’ full-width photos and videos
Twitter is exploring ways to build a more visually immersive experience with its latest test, which brings edge-to-edge tweets to the app on iOS. Full-width images and videos track for the direction the company has shown some interest in going lately. Twitter introduced bigger images with improved cropping controls for its pair of mobile apps […]
Automakers race to design desire for luxury and tech
In late summer, car collectors converged in Monterey, Detroit and, most recently, Oxford, England, in an annual tradition focused on ogling over — and oftentimes bidding for — luxury and historic vehicles. The outdoor luxury automotive events ruled in 2021 after a universal pause the year before due to the COVID-19 pandemic. The events, which […]
AI as a service to solve your business problems? Guess again
The process to train algorithms to detect wear and tear would be different for factories that produce different products; after all, a shoe is not a smartphone is not a bicycle.
5 factors that can make or break a startup’s growth journey
Not all startup growth is equal, and there are a few key aspects that make the difference between a startup reaching its full potential or falling short.
Extra Crunch roundup: Options pool rules, voice tech hurdles, keeping employees engaged
Don't wait to be blindsided: Put an action plan in place to assess employee engagement. Remember, seven out of the next 10 people you see on a video call might be polishing their resumes.
Ford hires Apple executive who led its secret car project
Ford Motor has hired Doug Field, the engineering executive who was leading Apple’s special projects team, as the automaker seeks to gain an edge in software and other advanced technology. Field, who previously was senior vice president of engineering at Tesla, was named Tuesday as Ford’s chief advanced technology and embedded systems officer. Field was […]
Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Solid Power, a battery developer backed by Ford and BMW, is expanding its Colorado-based factory footprint as it prepares pilot production of its solid state batteries early next year. The new production facility will be dedicated to manufacturing one of the company’s flagship products, a sulfide-based solid electrolyte material, by up to 25 times its […]
Locals share why Vilnius, Lithuania is becoming an international startup hub
There are plenty of reasons why Vilnius, Lithuania's capital city, has an increasingly visible startup sector.
Microsoft launches a personalized news service, Microsoft Start
Microsoft today is introducing its own personalized news reading experience called Microsoft Start, available as both a website and mobile app, in addition to being integrated with other Microsoft products, including Windows 10 and 11 and its Microsoft Edge web browser. The feed will combine content from news publishers, but in a way that’s tailored […]
Wright tests its 2-megawatt electric engines for passenger planes
Just like the automotive industry, aerospace has its sights set on going electric — but flying with battery-powered engines is a tougher proposition than rolling. Wright is among the startups looking to change the math and make electrified flight possible at scales beyond small aircraft — and its 2-megawatt engine could power the first generation […]
The next Theranos should be shortable
Matthew Wansley Contributor Matthew Wansley is Assistant Professor of Law at Cardozo School of Law in New York A jury will soon decide whether former Theranos CEO Elizabeth Holmes is guilty of a federal crime. But the deeper public policy questions that Theranos raised remain unanswered. How did a startup built on a technology that […]
Speech recognition works for kids, and it’s about time
Speech recognition holds tremendous promise for something desperately needed in the era of COVID-19: technology that can significantly improve reading outcomes and tackle the global literacy crisis in a real and profound way.
Equity Monday: Women’s employment drops, as Delta’s drama continues
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 to catch up on weekend news and prep for the days ahead. We’re here on Tuesday this week since us folks in the United States had off for Labor Day. You […]
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