The two founders of Crusoe Energy think they may have a solution to two of the largest problems facing the planet today — the increasing energy footprint of the tech industry and the greenhouse gas emissions associated with the natural gas industry. Crusoe, which uses excess natural gas from energy operations to power data centers
Month: April 2021
Adobe today announced the launch of a new asset management tool, Adobe Experience Manager Assets Essentials. That’s a mouthful, but while the company didn’t necessarily simplify the name, the idea here is to give teams that work with lots of digital assets an easier-to-use management experience in the Adobe Experience Cloud than Adobe’s current enterprise-centric
TikTok will open a center in Europe where outside experts will be shown information on how it approaches content moderation and recommendation, as well as platform security and user privacy, it announced today. The European Transparency and Accountability Centre (TAC) follows the opening of a U.S. center last year — and is similarly being billed
Step, the digital banking service aimed at teens and endorsed by TikTok star Charli D’Amelio, announced this morning the close of a $100 million round of Series C funding after growing to over 1.5 million users just six months after launch. The new round, led by General Catalyst, comes shortly after Step’s $50 million Series
Sign language is used by millions of people around the world, but unlike Spanish, Mandarin or even Latin, there’s no automatic translation available for those who can’t use it. SLAIT claims the first such tool available for general use, which can translate around 200 words and simple sentences to start — using nothing but an
Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech
Another week, another big tech hearing in Congress. With a flurry of antitrust reform bills on the way, Democratic lawmakers are again bringing in some of the world’s most powerful tech companies for questioning. In the next hearing, scheduled for Tuesday, April 27 at 10 AM ET, the Senate Judiciary’s subcommittee on privacy and technology
Tesla CEO Elon Musk wants to turn every home into a distributed power plant that would generate, store and even deliver energy back into the electricity grid, all using the company’s products. While the company has been selling solar and energy storage products for years, a new company policy to only sell solar coupled with
Faculty, a VC-backed artificial intelligence start-up, has won a tender to work with the NHS to make better predictions about its future requirements for patients, based on data drawn from how it handled the COVID-19 pandemic. In December 2019, Faculty raised a $10.5M Series A funding round from UK-based VCs Local Globe, GMG Ventures, and,
Apple’s latest software upgrade brings a big change, Roku accuses Google of anti-competitive behavior and Brex raises a big funding round. This is your Daily Crunch for April 26, 2021. The big story: iOS 14.5 brings privacy changes and more Apple released the latest version of its mobile operating system today, which includes the much-discussed
Andrés Dancausa Contributor Andrés Dancausa is fund partner, EMEA for operator-led international investors TheVentureCity. Before entering the world of VC, he was the CEO of a Spanish fintech company and launched his own startup in the edtech space. There’s a disconnect between reality and the added value investors are promising entrepreneurs. Three in five founders
Brex, a fintech company that provides corporate cards and spend-management software to businesses, announced earlier today that it closed a $425 million Series D round of capital at a valuation of around $7.4 billion. The new capital came less than a year after Brex raised $150 million at a $2.9 billion pre-money valuation. So, how
Facebook announced last week an expanded partnership with streaming music service Spotify that would bring a new way to listen to music or podcasts directly within Facebook’s app, which it called Project Boombox. Today, the companies are rolling out this integration via a new “miniplayer” experience that will allow Facebook users to stream from Spotify
As businesses continue to look for better ways to work more efficiently, a pioneer in the space of low-code tools to help automate how apps work together is announcing a round of funding on the back of impressive early traction. Berlin-based n8n — which provides a framework for both technical and non-technical people to synchronize
Dating startup S’More has launched a new feature called S’More TV, which CEO Adam Cohen-Aslatei said could give users new ways to talk to each other. It also bringing the startup closer to his goal of becoming not just a dating app, but “a lifestyle brand.” The videos on S’More TV may be familiar to
Mighty Networks, a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures. Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan
Cuckoo Internet, which is aiming to be an insurgent startup in the broadband provider space in the UK, has closed a $6 million investment round led by RTP Global, along with participation from JamJar Investments. It will also launch on price-comparison site uSwitch. RTP Global was an early backer of Yandex, Delivery Hero, and Datadog.
Investment app StashAway has raised a $25 million Series D led by Sequoia Capital India, with participation from returning investors Eight Roads Ventures and Square Peg. After regulatory approvals for the funding are completed, Sequoia Capital India managing director Abheek Anand will join StashAway’s board of directors as part of the round. StashAway does not
Nearly exactly one month ago, digital real estate platform Loft announced it had closed on $425 million in Series D funding led by New York-based D1 Capital Partners. The round included participation from a mix of new and existing investors such as DST, Tiger Global, Andreessen Horowitz, Fifth Wall and QED, among many others. At the
Don’t let procrastination slow your roll. Yeah, we’re looking at you, early-stage founders. At TechCrunch, we love to reward action with savings. Want to save a cool $100? Buy your Early Stage 2021: Marketing & Fundraising pass before April 30, at 11:59 p.m. (PT), and you’ll keep a cool $100 in your pocket. Take action,
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. A week ago TechCrunch covered Pico’s $6.5 million funding round and described it as “a New York startup that helps online creators and media companies
MasterClass, which sells a subscription to celebrity-taught classes, sits on the cusp of entertainment and education. It offers virtual, yet aspirational learning: an online tennis class with Serena Williams, a cooking session with Gordon Ramsay. While there’s the off chance that an instructor might actually talk to you — it has happened before — the
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First and foremost, Equity was nominated a Webby for “Best Technology Podcast”!!! Drop everything and go Vote for Equity! We’d appreciate. A lot. And even if we lose, well, we’ll keep doing our thing and making each other
Twitter has taken down dozens of tweets in India, some of which were critical of New Delhi’s handling of the coronavirus, to comply with an emergency order from the Indian government. New Delhi made an emergency order to Twitter to censor over 50 tweets in the country, Twitter disclosed on Lumen database. The social network
Alphawave IP is a global semiconductor IP company that focuses on the way semiconductors communicate — something which is going to be crucial as 5G data networks roll out and start to power everything from homes, industry and autonomous vehicles, for instance. It’s therefore interesting to note that the Toronto-born company is planning a London
Michael B. Gray Contributor Michael B. Gray is partner and leader of the private equity, venture capital and growth companies practice, Neal Gerber Eisenberg. John Flavin Contributor Last year was a record 12 months for venture-backed biotech and pharma companies, with deal activity rising to $28.5 billion from $17.8 billion in 2019. As vaccines roll
To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct listing reference price, it was
As businesses continue to adopt new digital tools to get their names out into the world, a startup that’s built a sales and marketing platform specifically for small and medium businesses is announcing a big round of funding. ActiveCampaign, which has built what it describes as a “customer experience automation” platform — providing a way
Things have been looking up for Belfast since the end of the Troubles. The city has undergone infrastructure improvements over the past two decades, tourism has boomed thanks to attractions such as the shipyard where the RMS Titanic was built and Game of Thrones shooting locations, and employment has risen steadily in the city since
Apr.21 — Palantir Technologies Inc COO Shyam Sankar discusses the company’s growth since its trading debut in September 2020. The firm has seen demand grow exponentially with its tools being used across the globe to help fight COVID-19, as well as tailwinds from an influx of investors, including Cathie Wood’s ARK ETFs. Sankar also says
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