Crunch Hype

TechCrunch confirmed today that BounceX (the firm is rebranding this year) has executed layoffs and salary cuts in the wake of recent COVID-19-led economic disruptions. Many startups are undergoing staff cuts as the domestic and global economies slow, making individual reductions less newsworthy as the layoff tally rises. However, as BounceX is a company we’ve […]

Space startup Swarm emerged from stealth mode in an unusual way two years ago when it turned out that it had launched some of its satellites in contravention of an FCC order not to do so. The regulator had argued that their satellites, which are tiny spacecraft smaller even than most Cubesats, were in fact […]

Foursquare, the 10-year-old location platform based in New York City, has today announced its plan to merge with Factual. The terms of the deal were not disclosed. The merged company will keep the Foursquare moniker, and Foursquare CEO David Shim will remain at the helm, with Factual’s founder and now-former CEO Gil Elbaz joining Foursquare […]

AppGyver, a startup that has been on the forefront of low-code development since it first launched in 2013, today launched the latest version of its visual development platform. This update, dubbed Composer Pro, has been three years in the making and promises to overcome many of the limitations of today’s low-code environments. It allows developers […]

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If this is your first time, hello; I’m glad you’re with us. I have started to publish a version of […]

Global academic science and tech startup accelerator program Creative Destruction Lab (CDL) is adding a dedicated stream to its existing areas of focus, which include AI, health sciences, space, quantum computing, blockchain, energy and oceans. The new addition is a timely one: CDL Recovery, which is designed to help turn science and research work into […]

Quibi launches its mobile streaming service, Apple sources 20 million protective masks and Red Hat announces a new CEO. Here’s your Daily Crunch for April 6, 2020. 1. Quibi launches its mobile streaming service in the middle of the quarantine era The much-hyped mobile app promising to deliver “quick bites” of video entertainment is finally […]

With the trying times the country is going through due to COVID-19, Extra Crunch is excited to announce a new Partner Perk from video conference software Zoom. Starting today, annual and two-year members of Extra Crunch get 20% off list pricing for all services that Zoom provides (excluding API and Premium Audio) and 10% off […]

Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80% on Thursday. Luckin Coffee’s board […]

The need for innovative solutions to address shortages in crucial medical equipment is greater than ever, and a new initiative from a global team of biomedical engineering experts is a perfect example. The team developed a way for resuscitation bags – common pieces of equipment carried by ambulances and paramedics around the world, and typically […]

Koch Industries announced today that it has closed on the acquisition of Infor, announced in February. The company never officially announced the purchase price, but sources indicated that it was close to $13 billion, putting it in line to be one of the top 10 enterprise acquisitions this year. The company will remain an independent subsidiary […]

We wound up talking to one VC, David Blumberg of Blumberg Capital, who had some interesting notes on AI margins to share from his portfolio.

There are many things that are in short supply these days, but one of them is cognitive flexibility. Humans are used to confronting the extreme complexity of our modern world with some mélange of data, modeling, heuristics, and “gut instinct.” We can’t know everything about everything, and so we have to truncate our perspective to […]

The UK government is reportedly looking at a range of options to support the startup industry, possibly involving a co-investment model involving state-owned funds (via the British Business Bank) and private VC funds. Investors have been warning that typically loss-making, early-stage startups are at risk of collapse amid the coronavirus crisis. But the moves come […]

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that we’ve done for more than three years still drops on Friday. Last week’s was a particular delight, so make sure you’re caught up. Ready? Let’s […]

When Ginni Rometty indicated that she was stepping down as IBM CEO at the end of January, the company announced that Arvind Krishna would be taking over, while Red Hat CEO Jim Whitehurst would become president. To fill his role, Red Hat announced today that long-time executive Paul Cormier has been named president and CEO. […]

Internet of things satellite connectivity startup Myriota has raises a $19.3 million Series B funding round, led by Hostplus and Main Sequence Ventures, with additional funding from Boeing, former Australian PM Malcolm Turnbull, Singtel Innov8 and others. The company has now raised $37 million in Funding, and has four satellites on orbit already, with a […]

Uber is resuming some services in India as it looks to help other firms deliver grocery and other essential items in select parts of the country, nearly two weeks after New Delhi ordered a three-week lockdown for its 1.3 billion people. The American firm said on Monday that it has partnered with Flipkart to deliver […]

Indian food delivery startup Swiggy has bagged an additional $43 million as it looks to expand to new businesses. Existing investor Tencent and new players Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets financed the new tranche, which is part of Swiggy’s ongoing Series I round. In February, the Bangalore-based startup […]

The World Health Organization in Africa is holding virtual hackathons and offering up to $20,000 in seed-funds to finalists with digital solutions to stem COVID-19. The regional office of the UN agency completed its first challenge earlier this month and will host a second, for French speaking Africa, in coming weeks, WHO’s Technical Officer Moredeck […]

Pure Harvest Smart Farms, a startup developing technology-enhanced greenhouses for agricultural developments across the Middle East, has received a commitment of up to $100 million from Wafra, Kuwait’s national investment company. The first fruits of that commitment are coming through in the form of a commitment from Wafra to lead Pure Harvest’s $20.6 million Series […]

Yapily, one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, and […]

Quibi, the much-hyped mobile app promising to deliver “quick bites” of video entertainment, is finally here. The company has been in the headlines for more than two years, thanks to the involvement of founder Jeffrey Katzenberg (who previously co-founded DreamWorks Animation) and CEO Meg Whitman (previously the CEO of eBay and Hewlett Packard Enterprise). Plus, […]

As it mobilizes its supply chain, employees, and partners to provide personal protective equipment to medical workers and others working to stop the spread of the COVID-19 epidemic, Apple has sourced over 20 million face masks and is now building and shipping face shields, according to a statement from chief executive Tim Cook. Apple is […]

Tesla is among a group of automakers retooling facilities to build ventilators for the COVID-19 crisis. In the following video, the company provides a behind-the-scene look at its ventilator design process. Like Ford and General Motors, Tesla engineers are building its vent with parts for its vehicles. The reason is simple: car parts are available. […]

On Friday, the Kenyan augmented reality game developer Internet of Elephants launched its latest game in partnership with the conservation science experts from the Borneo Nature Foundation, Goualougo Triangle Ape Foundation, Zoo Atlanta and Chester Zoo. The new game, called “Wildeverse”, uses AR to create a virtual forest that players can explore to find certain […]

Times are exceptionally hard, especially for local restaurants, which were always in a precarious business even before the COVID-19 pandemic hit. But when times are hard, people pull together, right? Or at least they don’t take advantage of the suffering and desperate to exploit and profit from them. Right? We’d all like to think so, […]

What do a heating filter company, a robotics startup and an architecture startup have in common? Usually, nothing. But right now, as COVID-19 sweeps the world and jeopardizes the lives of millions, companies are shifting operations to make N95 masks and ventilators for healthcare workers. The innovation coming out of the startup world has been […]

As schools lie empty, students still have to learn. But officials in New York City say schools are not permitted to use Zoom for remote teaching, citing security concerns with the video conferencing service. “Providing a safe and secure remote learning experience for our students is essential, and upon further review of security concerns, schools […]

In the time of COVID-19, much of what transpires from the science world to the general public relates to the virus, and understandably so. But other domains, even within medical research, are still active — and as usual, there are tons of interesting (and heartening) stories out there that shouldn’t be lost in the furious […]

“The Platform” is not a subtle movie. That’s true of its approach to horror, with intense, bloody scenes that prompted plenty of screaming and pausing from your hosts at the Original Content podcast. It’s also true of its thematic material — right around the time one of the characters accuses another of being communist, you’ll […]

[Editor’s note: Want to get this free weekly recap of TechCrunch news that startups can use by email? Subscribe here.] There are a few online productivity stocks booming, and a few popular remote-first product companies still announcing funding rounds amid a huge new wave of unicorn layoffs. But what about the previously white-hot software-as-a-service category […]

Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not covered. Late Friday night, the Treasury Department updated its rules regarding the “affiliation” of private […]

Eli Cahan Contributor Share on Twitter Eli Cahan is a medical student at NYU on leave to complete a master’s in health policy at Stanford as a Knight-Hennessy Scholar. His research addresses the effectiveness, economics, and ethics of (digital) health innovation. More posts by this contributor Why key performance indicators are crucial amidst a (public […]

It’s clear that the people who can let go of their past plans and embrace the new environment ahead will thrive.

This week... how the COVID-19 outbreak is impacting apps and the wider mobile app industry, more leaks about the new version of iOS, Apple bought Dark Sky, and more.

Hours after security researchers at Citizen Lab reported that some Zoom calls were routed through China, the video conferencing platform has offered an apology and a partial explanation. To recap, Zoom has faced a barrage of headlines this week over its security policies and privacy practices, as hundreds of millions forced to work from home […]

Facebook's WhatsApp is in the midst of a lawsuit against Israeli mobile surveillance outfit NSO Group. But before complaining about the company's methods, Facebook seems to have wanted to use them for its own purposes, according to testimony from NSO founder Shalev Hulio.

The massive surge of COVID-19-related layoffs has put tech in a unique position. While the startup world is facing layoffs itself, it is also trying to help get people back to work. Back at the end of 2019, the SoftBank-backed belt-tightening period led to a flurry of crowdsourced spreadsheets with employee names from companies like […]

People seem to love the concept of the battle pass. Largely popularized by Fortnite, battle passes reward players for playing well, and playing often. The better you do, the more XP you earn; the more XP you earn, the more stuff (new looks for your character, or victory dances to fire off at the end […]

Sick of sharing those generic Zoom video call invites that all look the same? Wish your Zoom link preview’s headline and image actually described your meeting? Want to protect your Zoom calls from trolls by making attendees RSVP to get your link? ZmURL.com has you covered. Launching today, ZmURL is a free tool that lets […]

As capable as robots are, the original animals after which they tend to be designed are always much, much better. That's partly because it's difficult to learn how to walk like a dog directly from a dog — but this research from Google's AI labs make it considerably easier.

When you look at the most successful companies in the world, they are almost never just one simple service. Instead, they offer a platform with a range of services and an ability to connect to it to allow external partners and developers to extend the base functionality that the company provides. Aspiring to be a […]

As of this writing, nearly a million people globally have been infected with the novel coronavirus and 50,322 have died. Healthcare systems are overwhelmed, consumers and profiteers are hoarding supplies and some service workers have launched strikes while many others have been let go. In the world of micromobility, we’ve seen Bird lay off hundreds […]

Zoom is making some drastic changes to prevent rampant abuse as trolls attack publicly-shared video calls. Starting April 5th, it will require passwords to enter calls via Meeting ID, since these may be guessed or reused. Meanwhile, it will change virtual waiting rooms to be on by default so hosts have to manually admit attendees. […]

Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses due to the continued fallout […]

Since 2016, social media companies have faced an endless barrage of bad press and public criticism for failing to anticipate how their platforms could be used for dark purposes at the scale of populations—undermining democracies around the world, say, or sowing social division and even fueling genocide. As COVID-19 plunges the world into chaos and […]

With movie theaters largely closed due to the COVID-19 pandemic, Disney is pushing back its slate of upcoming films. And at least one movie won’t be making it into theaters at all, with “Artemis Fowl” heading straight to streaming instead. The company announced today that the film will debut exclusively on Disney+, and that the […]

Google today announced that it will temporarily roll back the changes it recently made to how its Chrome browser handles cookies in order to ensure that sites that perform essential services like banking, online grocery, government services and healthcare won’t become inaccessible to Chrome users during the current COVID-19 pandemic. The new SameSite rules, which […]

The world’s population is aging, but the needs of elderly people are still being underserved. A United Nations report found that older people make up more than one-fifth of the population in 17 countries, and by 2100, a majority of the world’s population, or 61%, will be aged 60 and above. One of the most […]