Month: August 2022

Crowdfunding website Kickstarter sparked fears overnight of a possible security incident after the company sent unsolicited password reset emails to millions of users without prior explanation. The emails, seen by TechCrunch, tells users that Kickstarter is “simplifying its login process” and urges users to “set a new password for your Kickstarter account.” The emails offered
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Internet usage continues to skyrocket, with 29.3 billion networked devices projected to be in use by 2023 and the growth rate currently at around 10%. Today, an enterprise startup called DriveNets that’s built a more cost-effective way for service providers and other outsized connectivity users to scale to meet that demand by leveraging software and
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Highbeam, a New York-based neobank built for people building e-commerce brands on marketplaces like Shopify and Amazon, raised $7 million in seed funding to continue developing banking tools that cater to these entrepreneurs’ needs. The one-year-old fintech startup, started by Samir Shergill and Gautam Gupta, provides banking features, access to transparent credit and cash management
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American Airlines will buy up to 20 jets from Boom Supersonic, an aircraft maker that aims to commercialize supersonic, and super-fast, flight. Boom’s Overture four-engine jets promise speeds of up to Mach 1.7 over water, which is twice the speed of today’s fastest commercial aircraft — meaning the jet can fly from Miami to London
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QuotaBook, a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. Some of its previous backers, including Draper Associates and Capstone Partners, joined the round. The Korean startup, which graduated from Y Combinator (YC)’s Winter 21 batch,
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The U.K. water processing industry produces a godawful amount of biogas annually. The gasses are primarily used to generate operational heat and power on-site, or they can be turned into biomethane and injected back into the national gas grid. New research funding is going to see if United Utilities can use Levidian’s Loop system to
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Bangalore-based Exponent Energy might have come up with a way to deliver 15-minute rapid charging for electric vehicles. The startup, which just raised a $13 million Series A, relies on a combination of its proprietary battery pack and charging infrastructure to achieve such a feat. Exponent Energy’s business model is geared towards OEMs building commercial
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Oracle has begun auditing TikTok’s algorithms and content moderation models, according to a new report from Axios out this morning. Those reviews began last week, and follow TikTok’s June announcement it had moved its U.S. traffic to Oracle servers amid claims its U.S. user data had been accessed by TikTok colleagues in China. The new
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Qeepsake, a New York-based family journaling app, has raised $2 million in seed funding. Founded in 2015, Qeepsake sends its users daily questions via text or push notifications to encourage them to reflect on their day, children, parenting and more. Text, photo and video responses are then automatically organized into digital journals in Qeepsake’s app.
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Motional, the Aptiv-Hyundai joint venture that’s working to commercialize autonomous driving technology, has launched its new all-electric IONIQ 5-based robotaxi for driverless ride-hail operations on the Lyft network in Las Vegas. The news follows years of collaboration between the two companies in Las Vegas. The launch of the IONIQs, which marks the turnover of Motional’s
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WeWork co-founder and former chief executive Adam Neumann’s career arc has felt synonymous with the rise and eventual fall of unicorn dreams. The entrepreneur, whose fall from grace has attracted global interest, just found a ladder in the form of a check from storied venture capital firm Andreessen Horowitz. Andreessen Horowitz announced on Monday that
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