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Updated 2024-11-29 02:01
Eddy Travels closes pre-seed round led by Techstars to scale its AI travel assistant
Eddy Travels, an AI-powered travel assistant bot which can understand text and voice messages, has closed a pre-seed round of around $500,000 led by Techstars Toronto, Practica Capital and Open Circle Capital VC funds from Lithuania, with angel investors from the U.S., Canada, U.K. Launched in November 2018, Eddy Travels claims to have more than […]
Boeing CEO out following 737 Max fiasco, will be replaced by current board chairman
Boeing’s CEO Dennis A. Muilenburg is CEO no longer, the company announced today. Effective January 13, 2020, current Board Chairman David L. Calhoun takes over the top executive officer spot at the aerospace company, and becomes president, as well. This is far from a surprising decision: Boeing’s year has been marked primarily by its handling […]
Tesla lands $1.4 billion from Chinese banks to build out its Shanghai gigafactory
Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding as confirmed on Monday morning, with an official announcement to happen sometime this week. The loan will […]
India’s HomeLane raises $30M to expand its one-stop-shop for interior design
HomeLane, a Bangalore-based startup that helps people manage home renovations and interior design, today announced it has raised $30 million in a new financing round as it looks to expand its proprietary technology. The financing round, dubbed Series D, was led by Evolvence India Fund (EIF), Pidilite Group, and FJ Labs. Existing investors Accel Partners, […]
Who will the winners be in the future of fintech?
In a world where people access their financial services through one universal hub, which companies are the best-positioned to win?
Fintech’s next decade will look radically different
Fintechs are heavily verticalized, recreating the offline branches of financial services by bringing them online and introducing efficiencies, but the next decade will look very different.
China Roundup: Ant Financial’s new boss and Tencent’s army of new apps
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we are looking at what Ant Financial’s executive shakeup could give to Alibaba’s financial affiliate and why Tencent has gone on an app-launching […]
Whatever happened to the Next Big Things?
In tech, this was the smartphone decade. In 2009, Symbian was still the dominant ‘smartphone’ OS, but 2010 saw the launch of the iPhone 4, the Samsung Galaxy S, and the Nexus One, and today Android and iOS boast four billion combined active devices. Today, smartphones and their apps are a mature market, not a […]
Boeing’s Starliner crew spacecraft nails desert landing, a first for a U.S.-made, human-rated capsule
The Boeing Starliner CST-100 spacecraft, which will be one of the first new human-rated spacecraft to carry astronauts from the U.S. to space, has successfully returned from orbit and landed at its target landing site in White Sands, New Mexico. The capsule touched down at 7:58 AM EST, right on time for the mission’s planned […]
Boeing’s Starliner crew spacecraft will attempt a landing on Sunday
Boeing launched its Starliner CST-100 commercial crew spacecraft to the International Space Station (ISS) for the first time on Friday morning in an uncrewed test, and while an error with the onboard mission clock meant that the Starliner didn’t reach its target orbit as intended and subsequently didn’t have enough fuel on board to actually […]
Luminance and Omnius are bringing AI to legacy industries
Artificial intelligence is a powerful tool, but it’s not a magic wand. Applying the technology requires thought and dedication, especially with legacy industries like law and insurance, which are being taken on in this way by Luminance and Omnius respectively. The companies’ founders, Emily Foges and Sofie Quidenus-Wahlforss, spoke with great insight on this on […]
Should you pay $50K for your pitch deck? Yes, why the hell not?
Every once in a while on VC Twitter, a comment or statement seems so outlandish, so completely outrageous, that it must be — certainly has to be — false. Such as it was for Primary Ventures investor Jason Shuman, who commented on the recent prices for pitch deck advice in the Valley today: Founder friend […]
Original Content podcast: ‘The Rise of Skywalker’ makes some questionable choices
“Star Wars: The Rise of Skywalker” opened Friday to mediocre reviews, though it’s not clear whether those reviews will put any real damper on audience enthusiasm. In the meantime, all three of your hosts of the Original Content podcast have seen the movie. And we all agree that “The Rise of Skywalker,” while flawed, is […]
This Week in Apps: The year and decade in review, gaming acquisitions and a Facebook OS
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with 194 billion downloads last year and more than $100 billion in consumer spending. People spend 90% of their mobile time in apps […]
TikTok’s national security scrutiny tightens as U.S. Navy reportedly bans popular social app
TikTok may be the fastest-growing social network in the history of the internet, but it is also quickly becoming the fastest-growing security threat and thorn in the side of U.S. China hawks. The latest, according to a notice published by the U.S. Navy this past week and reported on by Reuters and the South China […]
Tesla nears land deal for German gigafactory outside of Berlin
Tesla is making progress on its plan to build its European gigafactory in Berlin, Bloomberg reports. The Elon Musk-run automaker is working with state officials in Brandenburg on the contract to secure around 740 acres of land just outside Berlin in Gruenheide, and the government has agreed to the contract as currently written and is […]
A highly subjective list of some of this year’s notable young startups
I’m not a venture capitalist. I don’t play one on TV, either (though I might if anyone asked!). Still, after many years of covering startups, including as an editor with TechCrunch, in a daily newsletter I publish called StrictlyVC, and at numerous media outlets before that (anyone remember the early years of Red Herring magazine?), […]
Will audio livestreaming take off in America?
For many podcast listeners, following their favorite shows is a solitary experience. A recent survey of 2,000 users by the University of Florida College of Journalism and Communications found they listened to podcasts most often at home, during commutes or while exercising. Over the past couple of years, however, a new trend, audio livestreaming, has […]
Vape lung is on the decline as CDC report fixes blame on oily additive
The CDC has issued a set of reports showing that the lung disease associated with vaping seems to be declining from peak rates, and that Vitamin E acetate seems — as speculated early on — to be the prime suspect for the epidemic. The affliction has cost at least 54 lives and affected 2,506 people across the nation.
2019’s 10 defining moments in venture capital
Every year, the tech industry experiences moments that serve as guideposts for future entrepreneurs and investors looking to profit from the wisdom of the past. In 2017, Susan Fowler published her heroic blog post criticizing Uber for its culture of sexual harassment, helping spark the #MeToo movement within the tech industry; 2018 was the year […]
Just because it’s legal, it doesn’t mean it’s right
Giving voluntary compliance the appearance of additional trust or altruism harms consumers because our current system doesn't permit effective or timely oversight.
Hardware IPOs continue to struggle
Now that the final technology IPOs of 2019 have touched down, it’s a good time to start looking back at what happened during the year. We’re hunting for trends as the clock winds down. Here’s one that’s obvious: Hardware startups are still struggling. It’s cliché to note in startupland that hardware is hard. Everyone knows […]
F5 acquires Shape Security for $1B
F5 got an expensive holiday present today, snagging startup Shape Security for approximately $1 billion. What the networking company gets with a shiny red ribbon is a security product that helps stop automated attacks like credential stuffing. In an article earlier this year, Shape CTO Shuman Ghosemajumder explained what the company does: We’re an enterprise-focused […]
Negotiate for ‘better’ stock in equity-funded acquisitions
Because all equity is not created equal, founders need to understand how to negotiate for better equity when considering an acquisition proposal.
Coral raises $4.3M to build an at-home manicure machine
Coral is a company that wants to “simplify the personal care space through smart automation,” and they’ve raised $4.3 million to get it done. Their first goal? An at-home, fully automated machine for painting your nails. Stick a finger in, press down, wait a few seconds and you’ve got a fully painted and dried nail. […]
Snopes rolls its own crowdfunding infrastructure to prepare for 2020’s disinformation warfare
2020 will likely be one of the most bitter and hard-fought elections in decades, not just on pulpits and stages, but on the true battleground of modern politics: the internet. And veteran fact-checker Snopes is girding itself for the fight with a crowdfunding effort it hopes will free it from a dependence on internet platforms […]
Do more startups die of indigestion or starvation?
Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between. Today, we’re weighing a standard bit of startup wisdom that recently reemerged against some surprising, contrasting evidence. Does too much money hurt a startup more than it helps, or is that standard view actually mistaken? […]
Adtech told to keep calm and fix its ‘lawfulness’ problem
Six months after warning that the real-time bidding (RTB) component of programmatic online advertising is wildly out of control — i.e. in a breaking the law sense — the U.K.’s data protection watchdog has marked half a year’s regulatory inaction with a blog post that entreats the adtech industry to come up with a solution […]
The sorry state of AR startups in 2019
Even when Apple telegraphs its hardware strategy, it’s proving to be nearly impossible for startups to beat them. The company’s executives have been motioning interest in following their runaway success on mobile with hefty investments in augmented reality, something that has led to the rise of dozens of venture-backed startups hoping to beat Apple to […]
Healthcare startup Lyfebin exposed medical images
Healthcare startup Lyfebin exposed thousands of medical imaging files, such as X-rays, MRI scans and ultrasounds. The Los Angeles-based healthcare startup allows doctors and medical staff to store medical images in its “secure environment,” per its website, allowing patients and doctors access from anywhere. But the files were found stored in an unprotected Amazon Web […]
Ripple raises $200 million to improve global payments
Ripple has raised a $200 million Series C funding round. Tetragon is leading the round, with SBI Holdings and Route 66 Ventures also participating. According to Fortune, the company is now valued at $10 billion. “We are in a strong financial position to execute against our vision. As others in the blockchain space have slowed […]
Burst adds a super high-tech dental floss to its dental care offerings
Burst, the subscription dental care service, with the pretty, pretty toothbrushes, has now added a sleek dental floss product to its monthly kits. The Los Angeles-based dental hygiene company, which has raised at least $20 million in financing from the growth capital investment firm, Volition Capital, takes a different approach to reaching consumers than competitors […]
Centaurs, centurions, centipedes: the $100M ARR CLUB
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate was in SF, Alex was in Providence, and there was a mountain of news to shovel through. If you’re here because we mentioned linking to a certain story in the show notes, that’s here. For […]
Boeing’s Starliner crew spacecraft won’t dock with Space Station as planned after missing target orbit
Boeing’s Starliner CST-100 crew spacecraft got off to a great start on its first-ever launch to the International Space Station this morning – but despite the rocket and launch vehicle performing as expected, the Starliner spacecraft itself hit a bit of a snag when it came time for its own post-launch mission to begin. The […]
St. Louis-based Summersalt raises $17.3 million for its direct-to-consumer clothing line
The midwest may not be known as the fashion capital of the world (or even the U.S.), but its place in the consumer retail firmament is secure through L Brands and its Victoria’s Secret and Bath & Body Works subsidiaries. Now, venture investors are investing $17.3 million to establish another tentpole clothing brand in the […]
Boeing successfully launches Starliner crew spacecraft on its way to first docking at the Space Station
Update (8:34 AM EST): Boeing provided an updated current state of affairs, and we’ll be watching the NASA press conference at 9 AM EST to hopefully find out more. We’ll be providing updated information as it becomes available here. Update (7:47 AM EST): NASA Administrator Jim Bridenstine says that the agency and Boeing will host […]
Apple reportedly working on satellite technology for direct wireless iPhone data transmission
Apple is said to be working on satellite technology, having hired a number of aerospace engineers to form team along with satellite and antenna designers, according to a new report from Bloomberg. The report notes that this is an early-stage secret project that could still be scrapped, but that the purpose of the team and […]
France slaps Google with $166M antitrust fine for opaque and inconsistent ad rules
France’s competition watchdog has slapped Google with a €150 million (~$166M) fine after finding the tech giant abused its dominant position in the online search advertising market. In a decision announced today — following a lengthy investigation into the online ad sector — the competition authority sanctions Google for adopting what it describes as “opaque […]
Watch Boeing launch its new astronaut spacecraft to the Space Station for the first time
Boeing is getting ready to launch its new passenger spacecraft for a very special mission: Its first trip to the International Space Station (ISS). The Boeing CST-100 Starliner is the company’s contribution to NASA’s commercial crew program, which will see the U.S. regain the ability to launch astronauts to space from U.S. soil for the […]
SoftBank Vision Fund invests $275M in India’s Lenskart
Lenskart, an omni-channel retailer in India that sells eyewear products, said on Friday that it has raised $275 million in a new financing round from SoftBank Vision Fund as it looks to expand its business in the nation. As part of the new financing round — dubbed Series G — some of the nine-year-old startup’s […]
Curve, the ‘over-the-top’ banking platform, launches “Curve Send” for P2P payments in 25 currencies
Curve, the so-called “over-the-top” banking platform that lets you consolidate all of your bank cards into a single Curve card and app, is launching a new feature to make it possible to send money to friends and contacts. Dubbed “Curve Send,” the feature lets you send money from any of your bank accounts (via the […]
Tesla vehicles are getting Stardew Valley
Tesla owners have seen a bunch of games added to their car’s in-dash display over the last few months, from a handful of Atari classics to the painfully hard Cuphead. Next up? The oh-so-sweet farm living RPG, Stardew Valley. In addition to just being kind of cool, the in-dash games (playable only when parked, […]
Flickr owner SmugMug emails subscribers with an urgent request: help us find more paying users
When in April of last year, the photo hosting service SmugMug acquired the photo-hosting service Flickr from Verizon’s digital media subsidiary, SmugMug CEO Don MacAskill said he was committed to breathing new life into the service, calling it “core to the entire fabric of the Internet.” MacAskill didn’t reveal at the time how much SmugMug […]
The unbrandening
As more consumers suffer from decision and advertising fatigue, companies are designing experiences that take contemplation and consideration out of the equation.
Ghostery launches Midnight for privacy and ad-blocking beyond the browser
Ghostery has launched a new tool called Midnight, which brings the company’s ad-blocking and privacy protection features to all your desktop applications. When Ghostery first announced Midnight earlier this year, President Jeremy Tillman told me that the company (acquired by browser company Cliqz in 2017) created Midnight because desktop apps — particularly email clients — […]
Hulu is down
Less than one month after a major Hulu outage, Hulu is down again. We’ve been seeing reports on Twitter of Hulu streaming issues. It appears the issues have been ongoing for the last few hours. At this point, Hulu does not seem to have a clear idea of what’s going on. Thanks for tweeting us, […]
Robocall-crushing TRACED act passes Senate and heads to Oval Office
Somehow during all the partisan furor of the last few days, the Senate found a moment to vote some bipartisan legislation into law — presuming, of course, it survives the president's desk.
India gets more aggressive with internet shutdowns to curb protests
India, the world’s largest democracy, continues to normalize shutting down internet and suspending mobile communications for tens of millions of citizens in the country to thwart protests. Days after Narendra Modi -led government shut down mobile communications in the northeastern states of Assam, Meghalaya and Tripura (yet to be restored) — home to more than 36 […]
Announcing our first four experts for TC Early Stage in San Francisco
TechCrunch Early Stage is a new event series for 2020 focused on early-stage founders. The idea is to provide access to advice and networking on the level of a great accelerator program, but with a smaller time commitment and a broader array of expert advisors. The first of TechCrunch’s three Early Stage events is in […]
Gift Guide: 14 gifts for the gamer in your life
To those who are in it, gaming is more than just a hobby. It's a way to connect with others, an outlet for competition, and for the most talented, a potential career path. But as far as hobbies (or more-than hobbies) go, it can become really expensive.
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