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Updated 2024-11-22 18:47
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I watched a lot of skate videos growing up. At some point, failures became as important a fixture as perfectly executed tricks. The spills and the injuries could be downright gnarly (there’s a reason, after all, that skateboarding culture gave the world “Jackass”), but as an aggressively mediocre skater myself, there was something comforting in […]
GSK and R/GA Ventures are launching a health studio for startups
GSK Next, the innovation arm of GlaxoSmithKlein, is launching a new mentorship and business development program. Called the Re/Wire Health Studio, the program will eventually select six startups who will win access to nine weeks of mentoring, business development expertise, and cash grants. The Re/Wire Health Studio is designed for growth and early-stage startups focused […]
Picnic launches its first robotic pizza system
Robotic pizza has proven a surprisingly popular goal for startups. Over the past several years, some of those dreams have been more successful than others. Zume is probably the most notable story of a company that fell short, ultimately abandoning its robotic pizza trucks in early 2020 to pivot to sustainable packaging. Picnic has been […]
Bird is the latest operator to integrate its e-scooters and e-bikes with Google Maps
Micromobility company Bird has officially joined the ranks of e-scooter and e-bike operators that are integrated with Google Maps, which now surfaces nearby vehicles for users in the U.S. Bird’s announcement comes just a day after Spin also announced its integration with Google Maps and just a few weeks after Lime, which has been integrated with […]
Split.io announces $50M Series D to continue growing feature flag platform
As developers build applications, they often want to test new functionality on a limited set of users to blunt any possible negative impact or to gauge user reaction to the change before rolling it out more broadly. They use a technique called a feature flag, and Split.io, a startup that has built a platform to […]
Monte Carlo closes $60M Series C on the back of rapid ARR growth
The company raised a Series B earlier this year, a $25 million round led by GGV and Redpoint. Both Series B lead investors participated in Monte Carlo's Series C.
Salesforce announces first integrations with Slack after closing $28B sale
When Salesforce acquired Slack at the end of last year for almost $28 billion, you had to figure that they had some big plans for the company, and today the CRM giant announced some initial integrations that should prove useful for Salesforce customers. Rob Seaman, SVP for Slack at Salesforce sees Slack as the communications […]
Stop using Zoom, Hamburg’s DPA warns state government
Hamburg’s state government has been formally warned against using Zoom over data protection concerns. The German state’s data protection agency (DPA) took the step of issuing a public warning yesterday, writing in a press release that the Senate Chancellory’s use of the popular videoconferencing tool violates the European Union’s General Data Protection Regulation (GDPR) since […]
Hopper raises $175M at $3.5B+ valuation as travel surges and its fintech tools help offset variant concerns
Travel tech company Hopper has raised a $175 million Series G, the company said today. That’s nearly the same amount it raised in a Series F round that closed earlier this year. These are indeed new funds, however, bringing its total raised to date to nearly $600 million, with the company now valued at over $3.5 […]
African fintech Pngme raises $15M for its financial data infrastructure platform
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure […]
MOLOCO raises $150M Series C led by Tiger Global at a $1.5B valuation
MOLOCO, an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion. This is separate from the $20 million Series C round MOLOCO announced three months ago, which brought it to unicorn […]
Brex buys Weav, a universal API for commerce platforms, for $50M
Fintech Brex first partnered with Weav, a developer of a universal API for commerce platforms, last summer. In March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology. The results were impressive enough that by April, Brex co-founders Henrique Dubugras and Pedro Franceschi participated in Weav’s $4.3 million seed round as strategic angel […]
xentral, an ERP platform for SMBs, raises $75M Series B from Tiger Global and Meritech
Enterprise Resource Planning systems have traditionally been the preserve of larger companies, but in recent years the amount of data small medium sized businesses can generate has increased to the point where even SMEs/SMBs can get into the world of ERP. And that’s especially true for online-only businesses. At the beginning of the year we […]
A leaked bill for Nigerian startups reveals a theme of licenses, fees, fines, and sentences
For a while, there have been talks about revamping the outdated 2007 Act of Nigeria’s information and technology body, the National Information Technology Development Agency (NITDA). Earlier this year, in March, the director-general Kashifu Inuwa Abdullahi proposed the realignment of the Act with “tenets and ideals of the fourth Industrial Revolution” and Nigeria’s Digital Economy […]
informed., you want to be? Trio of European media veterans take on the problem of news economics
News is vital to society, but it’s also incredibly expensive to produce. As ad rates have suffered across the industry (minus a positive blip this summer), publishers have increasingly turned to paywalls to make ends meet. There’s just one problem: the open internet which allowed readers to range over the entire thought of humanity has […]
Trading platform Bitpanda raises $263M at a $4.1BN valuation
It’s not even half a year since crypto exchange Bitpanda announced a $170M Series B — when, back in March, Austria’s first unicorn was being valued at $1.2 billion. Today it’s topping that: Announcing a $263M Series C, led by Peter Thiel’s Valar Ventures, with the fintech startup now valued at a whopping $4.1BN — […]
Ultrahuman raises $17.5M, touting a wearable blood glucose tracker
Fitness platform Ultrahuman has officially announced a $17.5 million Series B fund raise, with investment coming from early stage fund Alpha Wave Incubation, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund. A number of founders and angel investors also participated in the Bangalore-headquartered startup’s Series B, including Tiger Global’s Scott Schleifer, […]
Revenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies
Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and […]
EV startup Canoo is gearing up for production in Oklahoma factory
EV startup Canoo has hired hundreds of employees and is homing in on a production date, but critical milestones including landing a battery supplier remain, according to the company’s second quarter earnings report. Canoo’s earnings report comes just a few weeks after the company’s first investor relations day when it named Dutch company VDL Nedcar […]
Daily Crunch: Israel-based stroke therapy tech startup BrainQ raises $40M
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
LG Energy Solution inks deal with Australian mining company for nickel and cobalt
South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry metric tons of cobalt from […]
T-Mobile confirms it was hacked after customer data posted online
T-Mobile has confirmed “unauthorized access” to its systems, days after a portion of customer data was listed for sale on a known cybercriminal forum. The U.S. cell giant, which last year completed a $26 billion merger with Sprint, confirmed an intrusion but that it has “not yet determined that there is any personal customer data […]
Why fintechs are buying up legacy financial services companies
As more fintech companies find their way to higher and higher valuations in both the private and public markets, expect to see more legacy banks and lenders be gobbled up by newer entrants.
Twitter taps crypto developer to lead ‘bluesky’ decentralized social network effort
Twitter’s ambitious upstart decentralized social media working group “bluesky” took an important step Monday as the social media company appointed a formal project lead who will direct how the protocol develops moving forward. Crypto developer Jay Graber was tapped by Twitter to helm the initiative, which the company hopes will eventually create a decentralized social […]
Spin’s electric scooters and bikes are now on Google Maps
Spin users planning trips in 84 cities, towns and campuses across the U.S., Canada, Germany and Spain will be able to view Spin's electric scooters and bikes on the app while planning their trip.
Tinder will soon make voluntary ID Verification available globally
Tinder announced this morning that in the “coming quarters,” users will be able to verify their ID on the app. This feature was first rolled out in Japan in 2019, where Tinder users must verify that they are at least 18 years old. Aside from places like Japan, where this is mandated by law, ID […]
Regulating crypto is essential to ensuring its global legitimacy
We must eventually find a halfway point between those with valid concerns about the anonymity crypto assets provide and those who see regulation as prohibitively restrictive on crypto.
Pearson to pay $1M fine for misleading investors about 2018 data breach
Pearson, a London-based publishing and education giant that provides software to schools and universities has agreed to pay $1 million to settle charges that it misled investors about a 2018 data breach resulting in the theft of millions of student records. The U.S. Securities and Exchange Commission announced the settlement on Monday after the agency found […]
Roblox acquires Discord competitor Guilded
Roblox is using M&A to bulk up its social infrastructure, announcing Monday morning that they had acquired the team at Guilded that has been building a chat platform for competitive gamers. The service competes with gaming chat giant Discord, with the team’s founders telling TechCrunch in the past that as Discord’s ambitions had grown beyond […]
Jeff Bezos’ Blue Origin goes toe-to-toe with NASA in federal court over award to SpaceX
Blue Origin, the space company helmed by billionaire Jeff Bezos, is taking NASA to court. The company filed a complaint with a federal claims court on Monday over the agency’s decision to award a lunar lander contract solely to rival company SpaceX. The complaint, which Blue Origin successfully petitioned to have sealed, says NASA’s evaluation […]
Tropic picks up $25M to streamline software procurement experiences
The pandemic was a catalyst for showing companies looking to cut costs, just how much they were spending on their software tools.
The Nuro EC-1
Six years ago, I sat in the Google self-driving project's Firefly vehicle — which I described, at the time, as a "little gumdrop on wheels" — and let it ferry me around a course in Mountain View.
How Google’s self-driving car project accidentally spawned its robotic delivery rival
Nuro doesn't have a typical Silicon Valley origin story. It didn't emerge after a long, slow slog from a suburban garage or through a flash of insight in a university laboratory.
Why regulators love Nuro’s self-driving delivery vehicles
Nuro's autonomous vehicles (AVs) don't have a human driver on board. There's no room in the narrow chassis for a driver's seat, no need for a steering wheel, accelerator or brake pedals.
How Nuro became the robotic face of Domino’s
Pandemic pizza was definitely a thing. U.S. consumers forked out a record-breaking $14bn to have pizza delivered to their doors in 2020, and nearly half of that was spent with one brand: Domino's.
Here’s what the inevitable friendly neighborhood robot invasion looks like
The first sign that your town is about to welcome a horde of Nuro robots will be the appearance of a fleet of human-driven Toyota Priuses modified with cameras, lidars and radars.
The hyperactive late-stage market should keep the startup investing game afoot
Understanding why investors are so willing to buy small stakes in dozens of private companies worth billions of dollars is key to grokking the crush of investment we see among younger tech startups.
Cisco beefing up app monitoring portfolio with acquisition of Epsagon for $500M
Cisco announced on Friday that it’s acquiring Israeli applications monitoring startup Epsagon at a price pegged at $500 million. The purchase gives Cisco a more modern microservices-focused component for its growing applications monitoring portfolio. The Israeli business publication Globes reported it had gotten confirmation from Cisco that the deal was for $500 million, but Cisco would […]
How one founder identified a gap in education working as a teacher and built a startup to fix it
Amanda DoAmaral was an educator herself before she decided to found a tech company aimed at improving the education system. That’s a surprisingly rare credential for a startup founder in this area to possess — despite the obvious benefits of real, first-hand experience. Her company, Fiveable, focuses on modernizing (including a remote-first approach) a key […]
U.S. safety regulator opens investigation into Tesla Autopilot following crashes with parked emergency vehicles
U.S. auto regulators have opened a preliminary investigation into Tesla’s Autopilot advanced driver assistance system, citing 11 incidents in which vehicles crashed into parked first responder vehicles while the system was engaged. The Tesla vehicles involved in the collisions were confirmed to have either have had Autopilot or a feature called Traffic Aware Cruise Control […]
Early-stage benchmarks for young cybersecurity companies
Entrepreneurs require guideposts when building large companies, and customer and revenue expectations can be established by looking at what successful cybersecurity companies have accomplished.
Shopistry bags $2M to provide ‘headless commerce without the headaches’
Shopistry enables customers to create personalized commerce experiences accessible to all.
Swiftarc Ventures launches beauty fund aimed at women-led startups
The $10 million Swiftarc Beauty Fund supports female founders leading the next wave of beauty and wellness brands.
Baffle lands $20M Series B to simplify data-centric encryption
California-based Baffle, a startup that aims to prevent data breaches by keeping data encrypted from production through processing, has raised $20 million in Series B funding. Baffle was founded in 2015 to help thwart the increasing threats to enterprise assets in public and private clouds. Unlike many solutions that only encrypt data in-transit and at-rest, Baffle’s […]
BrainQ raises $40M to transform stroke patient rehabilitation with its home therapy device
If you injure your elbow, surgery can help. If you lose a leg, prostheses are available. But problems within the brain are more difficult to treat, and for stroke victims rehabilitation is largely left to the body’s own repair mechanisms. BrainQ aims to change that with a device that stimulates the damaged part of the […]
The Station: micromobility in North America, Joby Aviation makes its debut and a sidewalk bot invasion
Hello 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. Two housekeeping slash teasers … Stay tuned this week for a series of articles on Nuro reported by investigative science and tech reporter Mark Harris with assistance from […]
Indian bike taxi service Rapido raises $52 million
Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures, […]
My big jump: Sukhinder Singh Cassidy’s CEO journey
No choice we make will be perfect, and all the frameworks in the world won’t eliminate risk entirely. But we don’t need perfection or freedom from risk. We just need to take the next step.
Takeovers and Twitter headaches
Whether or not you've ever dabbled with Unity, you've almost certainly interacted with something built with Unity. It's the 2D/3D engine that powers so, so many of the video games out there, regardless of what console or platform we're talking about. Studios use it to make animated movies. Automakers use it to help design cars.
Silicon Valley should fight its stigma against military work
The military is rightly described as a cross-section of the United States, and supporting those who serve is a Silicon Valley tradition, good business practice and the right thing to do.
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