Crunch Hype

Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted.

Small as it is, the division is selling more energy storage and solar. Revenue from this division grew 62% from the previous quarter and more than 116% from the same quarter in 2020.

Samsung sent out invites for its August 11 Unpacked event last week. While it’s clear this is going to be packed (somewhat ironically) even by the company’s standards, the event may well be as notable for what it doesn’t include. Namely, a slew of rumors have pointed to Samsung skipping its annual Galaxy Note update. […]

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Reusable rocket startup iRocket has entered into a new partnership with NASA in its quest to reach commercialization in just two years. The partnership will give iRocket access to testing facilities and engineering support, chiefly at the NASA Marshall Space Flight Center in Huntsville, Alabama. The company is hoping that it will conduct its first […]

Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […]

In May, the neighborhood crime-watch app Citizen offered its user base $30,000 to track down a suspected arsonist on live video, only to discover that they’d sent a mob of civilians after the wrong guy. Now, Citizen is covertly hiring journalists to livestream on the app at crime scenes for $25 per hour through third-party […]

Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.

Despite the headlines about billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups.

The whole human proteome may be free to browse thanks to DeepMind, but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. Glyphic Biotechnologies accelerates the critical but slow sequencing step, potentially cutting drug development times down by a huge amount, and the startup just […]

MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing round as the Mumbai-headquartered firm looks to scale its business across the South Asian market. The startup had raised $23.5 million in […]

Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans.

The next time someone jokes at a cocktail party about Elizabeth Holmes’ baritone voice, remind them how dumb is it that we give more money to people with deep voices.

The former Lucid Motors will expand its factory in Casa Grande, Arizona, by 2.7 million square feet and aims to ultimately produce 400,000 vehicles a year.

This new agreement could allow Lordstown to continue by providing the much-needed capital required to produce its first electric vehicle.

The FBI argued that compelling Guy Reffitt to unlock his computer by sitting in front of it 'would not run afoul of the defendant's Fifth Amendment right against self-incrimination.'

We've seen helmets and AI that can spot brain tumors, but a new hard hat can actually treat them, too. Researchers used a helmet that generates a magnetic field to shrink a deadly tumor by a third.

Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.

The round comes about a year after Solarisbank's last round of $67.5 million, but as a sign of the times, what is perhaps more notable is that its valuation has nearly quintupled since then.

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Sunday in your inbox. Hello frens and 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 […]

Tick tock, early-stage startup fans: If you plan to attend TechCrunch Disrupt 2021 (September 21-23), time is running out to score a pass to the world’s leading conference dedicated to tech startups — for less than $100. The early bird sale ends this week, so buy your pass here before the deal expires on July […]

Queenly, a resale marketplace for formalwear, announced on Friday that it has grown its seed round to $6.3 million in a financing round led by Andreessen Horowitz’s Connie Chan. The financing event brings Queenly’s total venture raised to date at $7.1 million. Queenly sees itself as a “StockX” for formalwear, but has its own hold […]

Jeff Bezos, the billionaire founder of Blue Origin, is offering to knock up to $2 billion off the cost of developing a lunar lander and to self-fund a pathfinder mission in exchange for a NASA contract. The specific contract in question relates to developing a lunar lander for the Human Landing System program, which aims […]

Box's new native e-signature product provides e-signature capability and unlimited signatures as part of Box’s business and enterprise plans at no additional cost.

Aditi Shekar’s path to entrepreneurship was a very intentional one, and while it wasn’t quite a childhood dream, it was the real-world version of the goals she did have as a kid. Fast forward to today, and Aditi’s company Zeta is on a rocket ship ride in fintech, having recently jumped from being a money […]

Ever wake up to a massive wall of news? That was today, so we had to pick and choose. But since this show is about getting you caught up, we decided to focus on the largest, broadest new information.

Spotify, with the launch of a more attention-grabbing notifications feature, wants to increase user engagement, even if it sacrifices some sense of user comfort and enjoyment in the process.

Now that you have that COVID dog, Embark Veterinary wants to help him or her be in your life for a long time by offering DNA testing with the goal of increasing their lifespan.

The loss of a loved one is perhaps one of the most traumatic things a person can experience. When it comes to memorializing someone after their death, most people think of planning funerals and/or picking out caskets or tombstones. And those things are typically done with the help of a funeral home. Enter Austin-based Eterneva, […]

Sila's banking and payment platform gives software teams tools to build the next generation of financial products and services.

Foodtech company NotCo, making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 billion valuation.

If efforts by states and cities to pass privacy regulations curbing the use of facial recognition are anything to go by, you might fear the worst for the companies building the technology. But a recent influx of investor cash suggests the facial recognition startup sector is thriving, not suffering. Facial recognition is one of the […]

When you are a coffee lover, taste matters, and Spinn is brewing up some fresh funding to bring connected coffee to new customers through its hardware-enabled coffee marketplace.

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital, a Pan-African venture capital firm he co-founded with […]

Meet Sproutl, a marketplace for gardeners living in the U.K. The startup founded by former Farfetch executives has raised a $9 million seed round. It wants to make gardening more accessible by providing a curated list of items, relevant advice as well as inspiration. Index Ventures is leading the round in the startup with Ada […]

The bottled beverage industry wasn’t what Genki Forest’s founder, Binsen Tang, initially set out to tackle. The company aims to reach $1.2 billion this year.

As college students at Berkeley, Spencer Kimball and Peter Mattis created a successful open-source graphics program, GIMP, which got the attention of Google. The duo ultimately joined Google, and even personally got kudos from Sergey Brin and Larry Page. Kimball and Mattis quickly rose to prominence within the company, and then chose to leave it […]

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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. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this […]

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices […]

"Finding product-market fit is not a deterministic process. Most of the time, it requires iteration. It requires constant adaptation."

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years.

Getaround was fined nearly $1 million by the Washington, D.C. Office of the attorney general for operating without a license and other violations, part of a settlement of what the peer-to-peer car rental startup calls “politically motivated allegations.” The AG’s office started investigating the company early last year, after it received reports of vehicle thefts […]

"The not-so-secret secret here is that the key to great retention is really simple," says growth expert Susan Su.

We're sharing our approach and secrets to building a successful crowdfunding campaign because we know just how tough it can be to launch your own product.

Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue also participated in the round, according to Rivian. […]

It takes a really specific consumer to buy an Android phone, yet use Apple Music. But the small overlap in that Venn diagram may be getting bigger. Last month at WWDC, Apple unveiled a free update for Apple Music subscribers that added lossless audio streaming and spatial audio with support for Dolby Atmos. Now, Android […]

Growth marketer Maya Moufarek: "It’s all about simplifying your strategy into something that is digestible, memorable and applicable.”

'In deep tech, it's essential to think about founder-investor fit. And what we mean by this is understanding why an investor is even in VC in the first place.'