With the Senate passing the Inflation Reduction Act of 2022 last night, and House passage later this week all but assured, it’s likely that the U.S. will be taking significant — though not comprehensive — congressional action on climate change. The bill is expected to trim U.S. carbon emissions to 40% below 2005 levels by
Month: August 2022
It seems like only a couple of months since Boundary Layer announced its $5 million-ish round of financing, but the company hasn’t been resting on its laurels. Today, its founders told me it signed up some beefy launch partners and is gearing up for a large-scale roll-out as early as 2025. The company is planning
Vadym Synegin Contributor Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector. Despite the hurdles of war,
Apple is on the cusp of introducing a tiny change with an outsized impact on the quality of life of iPhone users everywhere who are tired of helplessly watching on as the life trickles out of their device in unquantifiable increments. But there’s good news: In the latest iOS 16 beta, the battery icon again
For years, HBO Max has been under fire for its buggy app. Today, the streaming service’s re-platformed app completed its global rollout on desktop, iOS, Android, and Amazon Fire tablets. New features include a shuffle button on mobile, SharePlay support for iPhone and iPad users in the U.S., a dedicated home for downloaded content, and
SoFi CEO Anthony Noto joins Emily Chang on the heels of their earnings results after the company’s second-quarter revenue and Ebitda beat the average analyst estimate, and the company raised its full-year outlook.
Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to
Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. This morning was a fun mix of stuff that we don’t always get to, so strap in for the following: We are back Wednesday! Chat soon! Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6
After more than two years of remote work, many employees have no interest in returning to the office — at least not without good reason. Employers have responded in kind, more or less, with tech companies in particular offering generous work from home and hybrid work options. Not all businesses are behind the changes, but
Earnings season is slowing, with the largest U.S. tech companies already having reported second-quarter results. But oftentimes the most interesting results come not from your Amazons or Apples, but from smaller concerns — and even those that are not traditional tech companies. SoftBank, for example. Today, the Japanese conglomerate and startup investing powerhouse reported earnings
Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-hailing unit, Apollo Go. Baidu’s wins in Wuhan and Chongqing come a few months after the company scored a permit to provide driverless ride-hailing services to the
AI’s strength lies in its predictive prowess. Fed enough data, the conventional thinking goes, a machine learning algorithm can predict just about anything — for example, which word will appear next in a sentence. Given that potential, it’s not surprising that enterprising investment firms have looked to leverage AI to inform their decision-making. There’s certainly
Last year was record-breaking for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5 billion in venture capital in 2021, more than doubling the $12 billion raised in 2020, while a record number — including Dragos and Noname Security — were
Welcome back to Chain Reaction. Last week, we looked at the near-term future for crypto gaming as VCs zero in on where to place consumer bets. This week, we’re looking at hardware wallets and the endless journey towards feeling safe in the crypto world. To get this in your inbox every Thursday, you can subscribe
Sequoia Capital Partner Jess Lee speaks exclusively with Emily Chang about Arc, a seed-stage catalyst for founders. They also discuss the macroeconomic environment, future valuations, and backing women-led startups.
There’s never been an easy time to be a musician, but for many in and around the industry, the 21st century has presented one calamity after another for those hoping to make a living through music. The turn of the century saw record labels implode at a staggering rate, and it would be some time
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous
It’s clear that remote and hybrid work are here to stay — the pandemic forever changed the way many companies do business. But it’s introduced roadblocks from an HR perspective. For example, for payroll, businesses with employees in multiple states face barriers to opening the necessary accounts for disbursements. Others — fearful of the consequences
Red Hat announced a new CEO last month when it promoted 16-year veteran Matt Hicks, who’s been on the job for several weeks now. His predecessor, Paul Cormier, stepped down to move into the chairman role. It’s never easy making a transition like this, but Hicks has Cormier, his longtime mentor, to lean on as he
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. Young startups often thrill early adopters by offering outstanding customer service with a personal touch. Many Big Tech companies, on the other hand, are
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Maggie this week for our weekly roundup show, and per usual, there was a lot to talk about, including the fact that there were
Kontempo, a startup offering buy now, pay later (BNPL) and interest-free installment plans to business-to-business (B2B) customers, today announced that it raised a $30 million seed round in a mix of equity ($6.5 million) and debt ($25 million). CEO and co-founder Matthew Meehan tells TechCrunch that the new cash will be used to hire staff,
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Gumroad’s Sahil Lavingia broke into the venture world as one of the early testers of the rolling fund, an AngelList product that allows investors to raise capital on a subscription-like basis. That
Hello again! Welcome back to Week in Review, the newsletter where we quickly recap the top stories to cross TechCrunch dot-com over the past seven days. Want it in your inbox? Get it here. The most read story this week is kind of a wild one: Bolt Mobility, an on-demand bike/scooter rental company co-founded by
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. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by
Jan.27 — Tesla Inc. reported a lower-than-expected sixth consecutive quarter of profit, sending its shares sliding in postmarket trading. Bloomberg’s Ed Ludlow breaks down the numbers on “Bloomberg Markets: The Close.”
We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and grow into existing valuations. What we do think is important, though, is focusing on a frustrating trend that is emerging between all these headlines: some
Ghost Security, which its founders describe as an “app security” company, today emerged from stealth with $15 million in combined funding from 468 Capital, DNX Ventures, and Munich Re Ventures at a $50 million valuation. CEO Greg Martin said that the capital will go toward expanding the team, building Ghost’s product, and launching pilots with
Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX despite disclosing the acquisition two and a half years ago in a move that has baffled industry players, including the Indian firm. Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets that
Gumroad’s Sahil Lavingia broke into the venture world as one of the early testers of the rolling fund, an AngelList product that allows investors to raise capital on a subscription-like basis. That was in 2020. Fast-forward to 2022 and a lot has changed. One of those changes? The number of pitches from founders looking to