Ammar Bandukwala Contributor Improving the efficiency of your software engineering team has many advantages, prime among which is the ability to make up for problems in other areas. Whether you’re facing budget constraints, having problems sourcing and retaining talent, or simply want to boost product iteration, focusing on increasing your engineering efficiencies will yield strong
Month: May 2022
The appetite for genomic data continues to rise in the field of biotech and pharmaceutical research, but cost is still a factor — even sequencing a full genome now costs as little as $1,000. But with claims of reducing that cost by another order of magnitude to $100, Ultima Genomics may even further accelerate this
TikTok is testing a new feature that would allow for a distraction-free scrolling experience on the app, the company confirmed to TechCrunch. The new feature, which is called “clear mode,” is currently in limited testing with select users. Clear mode gets rid of all of the clutter on-screen, such as captions and buttons, when viewing
Erik Bradley Contributor Erik Bradley brings more than two decades of experience in creating research platforms to his role as chief strategist at ETR, a market research firm specializing in enterprise technology data. Over the past three years, the chaos of the pandemic has been felt everywhere. IT managers suddenly found themselves supporting legions of
A federal antitrust lawsuit over the long-shuttered alternative app store called Cydia has now been given the green light to proceed, after its initial complaint was dismissed. The Cydia app store, which once featured apps and other tweaks that weren’t permitted by Apple’s official App Store policies, is suing Apple over its alleged unlawful monopoly
Railway, a startup building a software deployment platform tailored for engineers, today announced that it raised $20 million in a Series A round led by Redpoint Ventures and angel investors including Vercel CEO Guillermo Rauch and GitHub co-founder Tom Preston-Werner. The capital brings Railway’s total raised to $24 million, which founder and CEO Jake Cooper
Onramp Funds, an Austin-based company providing financing to e-commerce sellers, secured $42 million in equity and credit to expand its working capital offering. CEO Eric Youngstrom founded the company in 2020 after a career at multicarrier shipping software company ShippingEasy. One of the problems with shipping at that time, back in 2012, was that you
Bonfire Ventures, a Los Angeles venture capital firm, invests in seed-stage business-to-business software companies and aims to change the odds so that more than the average 33% of companies in this sector make it to Series A. The firm seems to have some good traction so far. It says over 85% of its portfolio companies
Singapore has increasingly been at the forefront in the usage of blockchain technology. Numerous crypto-related companies and leaders in the industry – Binance CEO Changpeng “CZ” Zhao, and Ethereum co-founder Vitalik Buterin – are among those who’ve made the city-state their home base in the past couple of years. Joanna Ossinger, Bloomberg Editor for Asia
Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce it said in a statement today. The company’s LinkedIn profile shows it has over 1,330 employees. Letting go of over 30% of its workforce means that around 400 people will lose their jobs at the mobility company. Tech companies, private
HitPay has almost everything SMEs need to run their businesses. In addition to being an online payment gateway, it also offers tools like point-of-sale software with card readers, plugins, payment links and no-code online stores. The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global,
So-called “tech for good” accelerators addressing such worthy-sounding subjects as ESGs and SDGs have appeared in the last few years. Some observers have dismissed these efforts as scalable only put to a point. However, the evidence is mounting that they are increasingly attracting some of the world’s best talent, because the world’s best talent does
Strong Compute, a Sydney, Australia-based startup that helps developers remove the bottlenecks in their machine learning training pipelines, today announced that it has raised a $7.8 million seed round. The round includes a total of 30 funds and angels, including the likes of Sequoia Capital India, Blackbird, Folklore and Skip Capital, as well as Y
About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack of attractiveness to financiers. These challenges befall millions of micro-retailers across the continent, and Betastore, a B2B retail marketplace for informal retailers, is working to resolve
Whether to power translation to document summarization, enterprises are increasing their investments in natural language processing (NLP) technologies. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their NLP budgets grew by at least 10% compared to 2020, while a third said that spending climbed by
Mintlify, a startup developing software to automate software documentation tasks, today announced that it raised $2.8 million in a seed round led by by Bain Capital Ventures with participation from TwentyTwo Ventures and Quinn Slack, Sourcegraph’s co-founder. CEO Han Wang says that the proceeds will be put toward product development and doubling Mintlify’s core, three-person
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the Buy Now Pay Later business model is now expanding into this B2B world at a rate of knots. Playter has raised backing to do this, as has Hokodo, Billie and Tranch, to name a few other players. But in
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Enterprise productivity company Box reported results earlier this week for the first quarter of its fiscal 2023, the three-month period ending April 30. Box managed to beat revenue expectations, though it missed on adjusted per-share profit. Shares of the company initially lost modest ground. You might read the above paragraph and wonder why we’re digging into
As expected, the Broadcom-VMware deal is a go. The chip giant intends to snap up the virtualization software company for $61 billion in cash and stock, along with taking on $8 billion in VMware debt. It’s not an inexpensive transaction, but thanks to a “go-shop” provision that gives VMware 40 days to “solicit, receive, evaluate
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. We’ve all been keeping up with the recent drama of Stripe vs. Plaid. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize:
On the Chain Reaction podcast this week, Lux Capital’s newest investor, Grace Isford, joined us to talk about the opaque but crucial world of web3 infrastructure. At Lux, Isford invests in the companies working behind the scenes to make sure crypto exchanges are secure and reliable enough to avoid being hacked. Before joining Lux this February,
‘The industry is going to contract differently’ Rebecca Bellan 8 hours Dan Lewis, co-founder and CEO of digital freight company Convoy, didn’t start his company because he had a deep and abiding passion for trucking. At least, not at first. The executive has a background in strategy and management consulting that progressed into a career
All is not well in smartphone land. The industry was headed for a slowdown well before SARS-CoV-2 entered the picture. The glory days of expanding markets and bi-annual upgrades are seemingly at an end, and things have only been exacerbated by two years of financial hardships and supply chain constraints. For all these reasons, it’s
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Cannabis, sex tech and psychedelics are often lumped together under the “vice” category — a characterization that prevents many VCs from investing in these
Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-dollar bet on web3’s continued viability. Read on to check out the latest episode of the Chain Reaction podcast as well. To get this in your inbox
Sequoia takes things seriously. The storied venture firm is known to react to macroeconomic events with grand memos aimed at portfolio companies and sometimes the entrepreneurship scene at large. Most recently, Sequoia created a 52-slide deck, first reported by The Information, titled “Adapting to Endure.” The document reads like a follow-up course to its infamously ill-timed
TikTok is extending its Marketing Partner Program to add new content marketing partners, the company told TechCrunch. The expansion will allow marketers to manage their TikTok accounts without leaving their third-party content marketing platforms. The short-form video app is partnering with Sprout Social, Hootsuite, Sprinklr, Emplifi, Dash Hudson, Khoros, Brandwatch and Later for the initial launch.
Jan.13 — Tesla shares rose above $500 for the first time on Monday as Wall Street analysts played catch up with the electric vehicle maker’s share price, which has doubled from October. Michael Kushma of Morgan Stanley Investment Management discusses on “Bloomberg The Open.”
When consumed in moderation, sugar is not bad for us, and humans’ ability to detect sweetness is etched into our DNA, but with the abundance of it in today’s food and drinks, we are getting more than we should. Companies have created alternatives to sugar over the years, like Stevia, while others have tapped into
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