Planck, an AI-based data platform for insurance underwriting, announced today that it has raised a $16 million Series B led by Team8 Capital. All of the startup’s existing investors—Viola FinTech, Arbor Ventures and Eight Roads—also participated, while Nationwide and Hannover Digital Investments joined as strategic investors. Based in New York, Planck provides large insurance companies
Month: June 2020
A new Twitter test feature aiming to “promote informed discussion” will nudge users to read before they retweet. The company describes the test as a step to help people be more aware of what they’re sharing in a broader effort to inspire “healthier conversations” on the platform. Sharing an article can spark conversation, so you
When you think about startup hubs, Tulsa, Oklahoma is probably not the first city that comes to mind. A coalition of business, education, government and philanthropists are working to foster a startup ecosystem in a city that’s better known for its aerospace and energy companies. These community leaders recognized that raising the standard of living
Following the launch of Inbox.ai in March — its “Slack for external communications” — Amsterdam-headquartered MessageBird is continuing to place big bets on a messaging-first future. Not content with building a platform for customer service teams that lets them communicate with customers on a channel of their choosing, including all of the most popular messaging
Everyone needs a webcam these days, whether for business meetings or the distant socializing accomplished via video calling — but if you’re like most, you’re using the built-in camera on your laptop or some piece of junk from years ago. But if you happen to have a nice big-brand camera, it’s easy to set it
After a series of developer previews, Google today released the first beta of Android 11 and with that, it is also making these pre-release versions available for over-the-air updates. This time around, the list of supported devices only includes the Pixel 2, 3, 3a and 4. If you’re brave enough to try this early version
Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service. Uber competes with Grubhub domestically with its Uber Eats service; a tie-up between the two could have given Uber suffocating market share in the United
Today M1 Finance, a Chicago-based fintech startup focused on consumer finance, announced that it has closed a $33 million Series B. Left Lane Capital led the round, with participation from Clocktower Technology Ventures and Jump Capital. The firm has raised around $54.5 million to date. M1 Finance caught TechCrunch’s attention earlier in the year when
Platforms still aren’t doing enough to tackle disinformation related to the coronavirus crisis, the European Commission said today. In a Communication it is pressing tech platforms to produce monthly reports about their efforts in this area, asking for more detailed data on actions being taken to promote authoritative content; improve users’ awareness; and limit coronavirus
One of the huge challenges companies like enterprise SaaS vendors face with new customers is getting customer data into their service. It’s a problem that Flatfile founders faced first hand in their jobs, and they decided to solve it. Today, the company announced a healthy $7.6 million seed investment to expand on that vision. The
Babylon Health, a UK AI chatbot and telehealth startup which has been valued in excess of $2BN, has suffered an embarrassing data breach after a user of the app found he was able to access other patients’ video consultations. “Why have I got access to other patients video consultations through your app?” tweeted Rory Glover
The Huawei P40 Pro+ has already been on the market in China for a few days now. And in spite of various legal woes, the handset is set for international available on June 25. Given…everything the company is dealing with, it should come as no surprise that availablity outside of its home country will be
This is one [expletive deleted] tough time to be an early-stage startup founder. But giving up simply isn’t part of startup DNA. Instead, it’s time to do whatever it takes to catch the eyes and imagination of investors, media and other tech and business influencers. Here’s an easy way to begin. Apply to be a
It’s a winner-takes-all economy. More and more labor markets act as lotteries, where a couple of “superstar” workers make extremely outsized returns relative to their peers — who may well have started from the exact same starting line. In the tech world, two JavaScript engineers can potentially earn billions of dollars in differential compensation by
Facebook News, the social network’s dedicated section devoted to journalism, is today launching for all users in the U.S. The feature was first introduced in October 2019 as a limited test in the U.S. The product represents Facebook’s much-debated new effort in wooing publishers to its platform with the promise of increased distribution. In addition to
The IBM Cloud is currently suffering a major outage, and with that, multiple services that are hosted on the platform are also down, including everybody’s favorite tech news aggregator, Techmeme. It looks like the problems started around 2:30pm PT and spread from there. Best we can tell, this is a worldwide problem and involves a
Dec.27 — Gene Munster, Loup Ventures managing partner, discusses his top tech predictions for 2020 with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”
BLCK VC Contributor BLCK VC is a nonprofit focused on empowering Black investors and increasing diversity in venture capital. We won’t sit here as we have for so many years with strong faces and encouraging words and pretend that we’re not tired. We’re tired because we’ve spent yet another week mourning our Black brothers and
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This time around we’re recording what we call an Equity Shot, a single-topic show that we pull together whenever there’s a news item of sufficient weight that it demands we break our regular cadence and record a little
Conspiracy theories claiming a connection between 5G technology and the coronavirus have been around since the pandemic’s early days and apparently they’re still going strong. So strong, in fact, that Twitter began applying a label to some tweets about COVID-19 and 5G, encouraging users to “get the facts” about the virus. As Business Insider reported,
South Africa-based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto-enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling electricity to a
One would think it’s a given that investment strategies would change in the strange times we find ourselves. With the economy staggering and so much general uncertainty, it seems caution would be the watchword of the day, especially in the enterprise. But enterprise investors aren’t necessarily looking at what’s going on right now. As startups
Axiom, a startup that helps companies deal with their internal data, has secured a new $4m seed round led by UK-based Crane Venture Partners, with participation from LocalGlobe, Fly VC and Mango Capital. Notable angel investors include former Xamarin founder and current GitHub CEO Nat Friedman and Heroku co-founder Adam Wiggins. The company is also
Two men embodying the zenith of human villainy have admitted to making approximately a billion robocalls in the first few months of 2019 alone, and now face an FCC fine of $225 million and a lawsuit from multiple attorneys general that could amount to as much or more — not that they’ll actually end up
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Can I create a
Yesterday evening, Vroom, a digital used car retailer, priced its IPO at $22 per share, a figure that was a full $7 above the low end of its first proposed IPO price range. The venture-backed firm first proposed a $15 to $17 per-share IPO price range, which it later raised to $18 to $20 per
One of the big advantages of using the cloud is ease of deployment. For engineers, being able to dial up infrastructure resources means being able to develop without delays, but it can also lead to big bills at the end of the month if you don’t know what you’re spending. Harness wants to help with
For years now, analysts and unconfirmed reports have suggested Apple was working on transitioning its Mac line of computers away from Intel -based chips, and to its own, ARM-based processors. Now, Bloomberg reports that the company could make those plans official as early as later this month, with an announcement potentially timed for its remote
New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco.
Every founder’s biggest fear is dilution — investors constantly carving off chunks of their equity in round after round of venture financing. Founders collectively own 100% of their companies in the beginning, but it isn’t uncommon for them to own single digits after years have gone by and millions of VC dollars have flowed into
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