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Updated 2024-11-22 18:47
Watch Samsung introduce its latest foldables live
Samsung is set to introduce a whole bunch of new products, starting today at 7 AM PT/10 AM ET. I wrote a whole bunch of words about what to expect from the company’s latest Unpacked event. It’s a long list and a kind of return to the pre-pandemic days, back before companies started taking liberties […]
Former Snap employees raise $9M for Trust, emerging from beta to level marketing playing field
Trust wants to give smaller businesses the same advantages that large enterprises have when marketing on digital and social media platforms.
Impossible’s plant-based sausage is coming home
Impossible sent me a tube of its plant-based sausage to try ahead of today’s news. As an aside, the big box with several frozen packs inside was maybe not the most efficient way to send it, but I don’t know, maybe there’s no great way to send frozen foodstuffs. Someone feel free to disrupt that […]
E-commerce-as-a-service platform Cart.com picks up $98M to give brands scaling tools
The company provides software, services and infrastructure to small businesses so they can scale online.
Bite Ninja scoops up pre-seed funding to reimagine restaurant working environments
The company's remote hiring technology enable restaurants to fill last-minute drive-thru or cashier shifts.
Facebook engineers develop new open source time keeping appliance
Most people probably don’t realize just how much our devices are time driven, whether it’s your phone, your laptop or a network server. For the most part, time keeping has been an esoteric chore, taken care of by a limited number of hardware manufacturers. While these devices served their purpose, a couple of Facebook engineers […]
Cybersecurity giants NortonLifeLock and Avast merge in $8.1B deal
US cybersecurity firm NortonLifeLock has confirmed it is acquiring British rival Avast in order to create a global consumer security powerhouse. The agreement, which comes just weeks after both companies confirmed they were in advanced discussions regarding a possible combination of the two brands, will see Avast stockholders receive cash and shares that value the deal at […]
Student rideshare service HopSkipDrive raises $25M to expand and invest in electrification
Students around the country are about to return to school after the summer holiday, and they’re doing so at a time when both coronavirus transmission and the effects of climate change are mounting. Last year, HopSkipDrive, a rideshare platform for kids, had to let go much of its staff amid school lockdowns. Now, the company […]
ChargePoint acquires Amsterdam-based electric fleet manager ViriCiti
ChargePoint has made its second acquisition since going public in March, purchasing European electric fleet management company ViriCiti for €75 million ($88 million) in cash. The news comes just a few weeks after the EV charging network operator announced the purchase of European charging software company has·to·be. Like the has·to·be buy, this newer deal will […]
Former Twitter and DreamWorks exec joins Acorns as CFO ahead of the fintech’s public debut
As fintech Acorns plans to go public later this year, it has named former Twitter and DreamWorks animation exec Rich Sullivan to serve as its new chief financial officer. Irvine, California-based Acorns announced in May its intent to go public by merging with publicly traded special purpose acquisition company Pioneer Merger Corp. The SPAC values […]
Founded by a Freshworks alum, sales commission platform Everstage gets $1.7M seed funding
For sales representatives, commissions are source of motivation—and frustration, too. Commission structures are often complex, and become even more labyrinthine as companies grow. “There is a standard fee, then there’s an implementation fee, there could be a multiplier bonus, there could be accelerators when you reach your quota and get higher quota numbers,” explained Siva […]
Mirthy raises $1.1M pre-Seed funding to build out platform for sprightly Boomers
As Baby Boomers (aged 57-75 at this point) and Gen X (aged 41-56) head into their dotage, they are no longer the “senior citizens” of yore, being still active and, often, healthy. But leaving work means they lose about half of their social network, which has a negative impact on wellbeing. Plus, the pandemic increased […]
Construction management platform Remato raises $1.7M Seed from Passion Capital
Small and medium-sized construction businesses in Europe and the US tend not to be run on digital platforms, leaving a $1.6 trillion industry relatively untouched. publicly-listed Procore (NYSE: PCOR) is the go-to platform for large general contractors, but newer startups are going for this SMB construction market such as Sitemax, Sitemate, Fieldlens and Fieldwire. Now, […]
Singapore’s logistics tech startup Parcel Perform raises $20 million
Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round as it scales its business in several parts of the world. Cambridge Capital led the logistics tech startup’s Series A financing round, while SoftBank Ventures Asia and existing […]
CRANQ launches to save developers time when adding text code
When adding text code from a 3rd party source into a platform, the process is an unavoidable and time-consuming chore. Developers currently spend a large part of their day reviewing things like “NPM” packages, and such. There are developer libraries and text code platforms like JetBrains and Visual Studio, but these don’t entirely solve the […]
In the wake of recent racist attacks, Instagram rolls out more anti-abuse features
Instagram today is rolling out a set of new features aimed at helping people protect their accounts from abuse, including offensive and unwanted comments and messages. The company will introduce tools for filtering abusive direct message (DM) requests as well as a way for users to limit other people from posting comments or sending DMs […]
Facebook’s vaccine stance is part of a familiar pattern, says author and NYTimes journalist
Today, in a new report about “coordinated inauthentic behavior” on its platform, Facebook states that it last month removed hundreds of accounts across its Facebook and Instagram platforms that were tied to anti-vaccination disinformation campaigns operated from Russia. In one campaign, says the company, a newly banned network “posted memes and comments claiming that the […]
Pave gets Y Combinator to back better startup compensation tools, again
Pave, a San Francisco-based startup that helps companies benchmark, plan and communicate compensation to their employees, has raised a $46 million Series B. YC Continuity led the round, which also saw participation from Andreessen Horowitz and Bessemer Venture Partners. The round comes eight months after Pave closed a $16 million Series A round. Today’s financing […]
Daily Crunch: Apple’s head of Privacy addresses concerns over Messages safety, child abuse detection
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Extra Crunch roundup: Influencer marketing, China’s tech clampdown, drafting growth teams
Before you hire a marketing consultant who doesn't understand your products or commit to a CMO who has several years of experience — but none in your sector — consider influencer marketing.
Starship Technologies is bringing food delivery robots to four more US college campuses this year
Starship Technologies, an autonomous delivery services company, announced that it will begin delivery service on four additional college campuses this fall, adding to the 20 campuses on which it already operates. The University of Illinois Chicago (UIC), the University of Kentucky (UK), the University of Nevada, Reno (UNR) and Embry-Riddle Aeronautical University’s Daytona Beach, Florida […]
Coinbase crushes Q2 expectations, notes Q3 trading volume is trending lower
After the bell today, Coinbase reported another period of impressive results in its second quarter earnings report. During the quarter, Coinbase’s total revenue reached $2.23 billion, which helped the company generate net income of $1.61 billion in the three-month period. The company benefited from a one-time line item worth $737.5 million, which stemmed from what […]
Perform a quality of earnings analysis to make the most of M&A
Every entrepreneur must understand how to properly form a view of their company's proper adjusted EBITDA and adjusted revenue.
Signal now lets you choose disappearing messages by default for new chats
The encrypted chat app Signal is adding a few new options for users looking to lock down their messages. The app will now allow anyone to turn on a default timer for disappearing messages, automatically applying the settings to any newly initiated conversations. Signal’s disappearing messages option deletes chats for both the sender and receiver […]
Feds dismantle Blue Origin and Dynetics protests of NASA’s SpaceX lunar lander award
Blue Origin and Dynetics are still steaming over NASA’s decision to award only one contract — to SpaceX — to build a Human Landing System for the Artemis program. Their protest of the decision was recently rejected, and now the Government Accountability Office’s arguments, which Blue Origin publicly questioned, are available for all to read. […]
Unity to acquire Parsec in its biggest acquisition to date
Unity, the company behind the super popular 2D/3D engine of the same name, is today announcing plans to make its biggest acquisition to date. Unity says it will acquire Parsec, a remote desktop tool for developers and creatives, for $320 million in cash. Parsec’s pitch has long been remote desktop access without compromise. Tuned for […]
What’s driving the global surge in retail media spending?
To understand why retailers will capture more ad spend, it’s important to evaluate what modern marketing has become. Is it bus stop advertisements? Bidding on Google keywords or a Clubhouse session?
Product School raises $25M in growth equity to scale its product training platform
Traditional MBA programs can be costly, lengthy, and often lack the application of real world skills. Meanwhile, big global brands and companies who need Product Managers to grow their businesses can’t sit around waiting for people to graduate. And the EdTech space hasn’t traditionally catered for this sector. This is perhaps why Product School, says […]
Zomato’s losses widen in first quarterly earnings since IPO
Zomato’s losses more than tripled in its first quarterly earnings report since its listing last month as the company’s expenses grew and the pandemic hit the firm’s dining-out business. The Gurgaon-headquartered firm reported (PDF) a net loss of $48 million in the quarter that ended in June, up from about $13.5 million during the same period […]
VCs are betting big on Kubernetes: Here are 5 reasons why
At times, Kubernetes can feel like a superpower, but with all of the benefits of scalability and agility comes immense complexity. The truth is, few developers understand how Kubernetes works.
Twitter suspends Marjorie Taylor Greene temporarily for spreading vaccine misinformation
Twitter temporarily suspended Rep. Marjorie Taylor Greene on Tuesday after the Georgia Republican posted a tweet that claimed vaccines don’t reduce the spread of Covid-19. “These vaccines are failing & do not reduce the spread of the virus & neither do masks,” Greene tweeted, contradicting the scientific community and calling for the FDA to refuse […]
OpenAI upgrades its natural language AI coder Codex and kicks off private beta
OpenAI has already made some big changes to Codex, the AI-powered coding assistant the company announced last month. The system now accepts commands in plain English and outputs live, working code, letting someone build a game or web app without so much as naming a variable. A few lucky coders (and, one assumes, non-coders) will […]
44.01 secures $5M to turn billions of tons of carbon dioxide to stone
Reducing global greenhouse gas emissions is an important goal, but another challenge awaits: lowering the levels of CO2 and other substances already in the atmosphere. One promising approach turns the gas into an ordinary mineral through entirely natural processes; 44.01 hopes to perform this process at scale using vast deposits of precursor materials and a […]
Felt raised $4.5 million to get you to ‘think in maps’
From vaccine distribution plans to fire trackers to bar crawls for your best friend’s birthday, maps help people visualize space and express impact. And Felt, a new Oakland-based startup co-founded by Sam Hashemi and Can Duruk, is on a mission to make the medium more mainstream. Felt is a collaborative software company that wants to […]
Kiwibot partners with hospitality giant Sodexo to bring food delivery robots to more college campuses
Kiwibot, the robotic sidewalk delivery startup, has announced a partnership with food services and facilities management giant Sodexo to bring its robots to U.S. college campuses. As of this month, students and faculty at New Mexico State University, Loyola Marymount University and Gonzaga University should have the option to order fresh meals via cute little […]
Following the IPCC’s report, we need more technology to respond to more disasters
This week, the Intergovernmental Panel on Climate Change released its major sixth assessment report on the physical science of climate change. The details are grim, if getting more precise as better and more comprehensive data becomes available. As my colleague Mike Butcher summarized yesterday, it’s “stern and blunt in its conclusions.” UN’s IPCC report on […]
Salesforce wants Salesforce+ to be the Netflix of biz content
Salesforce just closed a $28 billion mega-deal to buy Slack, generating significant debt along the way, but it’s not through spending big money. Today the CRM giant announced it was taking a leap into streaming media with Salesforce+, a forthcoming digital media network with a focus on video that, in the words of the company, […]
The art of startup storytelling with Julian Shapiro
"Signal is more important than frequency in an era where we're overloaded with content."
Amazon says it will now compensate consumers for defective products sold on its marketplace
Amazon today is making a significant change to its returns policy, known as the A-to-Z guarantee, to address issues with defective products sold through Amazon’s marketplace of third-party sellers. In the past, Amazon directed consumers to the sellers in the case where a defective product caused property damage or personal injury. Now, Amazon says it […]
Interview: Apple’s Head of Privacy details child abuse detection and Messages safety features
Last week, Apple announced a series of new features targeted at child safety on its devices. Though not live yet, the features will arrive later this year for users. Though the goals of these features are universally accepted to be good ones — the protection of minors and the limit of the spread of Child […]
Jerry raises $75M at a $450M valuation to build a car ownership ‘super app’
Just months after raising $28 million, Jerry announced today that it has raised $75 million in a Series C round that values the company at $450 million. Existing backer Goodwater Capital doubled down on its investment in Jerry, leading the “oversubscribed” round. Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management also participated […]
Motional to begin testing autonomous vehicles in LA as part of California expansion plan
Motional, the autonomous vehicle company born out of a $4 billion joint venture with Aptiv and Hyundai, is expanding its presence in California by opening a new operations facility in Los Angeles to support testing on public roads, hiring more engineers and adding an office in Silicon Valley. The investment into the area follows a […]
Oh hey, Xiaomi has its own creepy robot dog now
Xiaomi just announced the CyberDog, an open-source quadruped robot intended for developers to create applications for. The machine resembles a beefier version of Boston Dynamics’ infamous Spot.
With liberty and privacy for some: Widening inequality on the digital frontier
We deserve meaningful privacy protections that no company can afford to omit from their products. We deserve a both/and approach: Privacy that is both meaningful and widely available.
Robinhood buys Say Technologies for $140M to improve shareholder-company relations
The deal is notable because it is Robinhood's first major purchase since going public in July, and because it illustrates where Robinhood may look to invest some of its newly liquid equity wealth.
Jumia’s Q2 results show moderate growth, rising spend, and continued losses
African e-commerce giant Jumia today reported its second-quarter financial performance. In the wake of its earnings reports, Jumia’s shares climbed 3.38% to $21.99 per share with a market cap of $2.168 billion. Before we get into the company’s results, Jumia historically reported in its financial data in Euros. This was the case until April 1, […]
Everyone wants to fund the next Coinbase
In celebration of Coinbase's earnings report today, investors poured a mountain of cash into one of the company's global competitors.
OwnBackup reels in $240M Series E on $3.35B valuation, up from $1.4B in January
OwnBackup, the late stage startup that helps companies in the Salesforce ecosystem back up their data, announced a $240 million Series E today at a $3.35 billion valuation. The latter is up from $1.4 billion in January when the company announced a $167.5 million Series D. Alkeon Capital and B Capital Group co-led today’s investment, […]
ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital
Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis. Called The Hawthorne Collective, the entity is said to be pursuing minority investments in companies not currently being pursued by ScottsMiracle-Gro’s cannabis subsidiary, […]
Upscribe, raising $4M, wants to drive subscription-first DTC brand growth
Merchants use Upscribe’s technology to drive subscriber growth, reduce churn and enable personalized subscription experiences, like skipping shipments and swapping out products.
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