Movano’s getting a week’s jump on what might well prove a banner CES for the smart ring. Today the Bay Area-based firm debuted Evie, a smart ring focused on women’s health set to hit the market later next year. The device capitalizes on the recent popularity of the unobtrusive form factor, led by the likes
Month: December 2022
Looking back, 2022 was quite the year for some investors and not in a good way. Mistakes made in the boom period of the past couple of years led to many write-downs, but the most egregious example of abysmal investing practices this year was FTX, the bankrupt and disgraced crypto exchange. In fact, while we
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Greetings, readers. As Haje and Christine told you last week, this week’s Daily Crunch will look a bit different, given they are both taking some time off. But you’ll still get some
With 2022 in retreat, investors have made no secret that they’re looking for safe investments. In a challenging market with higher interest rates, that’s no surprise, but what might raise eyebrows is where investors think those quality investments lie. Increasingly, it’s in climate tech. The sector had a crazy 2021, and while 2022 may not
Andre Maciel Contributor Andre Maciel is the founder of Volpe Capital. He formerly worked with J.P. Morgan, and was a managing investment partner at SoftBank. Jennifer Queen Contributor Jennifer Queen is the founder of Pina, a PR firm focused on startups and venture capital firms. Latin American venture capital and growth investments through 2018 had
As generative AI like ChatGPT and DALL-E 2 attract investor attention, startup entrepreneurs are looking to cash in with new business models built around them. One of the more interesting ventures to emerge from the space recently is Poly, which lets designers create video game and other virtual assets, including textures for 3D models, using
Aerones, a robotics startup that scrubs and inspects wind turbines so humans don’t have to, secured $38.9 million in fresh funding this month from dozens of undisclosed investors, TechCrunch has learned. Wind turbines produce clean energy, but their towers tend to leak oil, which can corrode blades, increase wind resistance and pollute the ground below.
Feb.14 — Warren Buffett’s conglomerate, Berkshire Hathaway Inc., reported that it cut its stake in Big Blue by 94 percent during the fourth quarter, essentially drawing to a close a rare blemish on his investing record. Bloomberg’s Tom Giles has more on “Bloomberg Technology.”
Robert Krayn Contributor Robert Krayn is the co-founder and CEO of Talkiatry. Previously, he spent five years as vice president and senior analyst at an investment management firm. Early indications show funding to digital health startups in Q4 2022 fell so much, they’re close to levels last seen in 2019. But the dollar amounts don’t
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part
Jun.08 — An undersea cable will soon emerge near a popular sunbathing spot in the French port of Marseille. The cable, known as Peace, will travel overland from China to Pakistan, where it heads underwater and snakes along for about 7,500 miles of ocean floor via the Horn of Africa before terminating in France. The
Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump as it looks to scale its core credit business and build more products in the South Asian market. Apis Partners led Money View’s Series E funding round, valuing the Bengaluru-headquartered
Carl Niedbala Contributor Carl Niedbala is COO and co-founder of Founder Shield, a commercial insurance broker. High-growth companies often set significant goals, knowing full well that the idea of “overnight success” is for the storybooks. However, there is no better time than the middle of a market downturn to start planning for the leap from
Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology
If you’re a parent with young children, then you’ll probably hear this a lot on Christmas Eve: “Where’s Santa right now?” With tracking tools like the NORAD Santa Tracker and Google’s Santa Tracker, everyone can know when Father Christmas will arrive. Here’s how to follow Santa’s journey this Christmas Eve. Track Santa Claus with NORAD
Bloomberg’s Sonali Basak joins Caroline Hyde and Ed Ludlow to discuss the highlights of current FTX CEO John Ray III’s hearing on Capitol Hill about the collapse of the crypto exchange.
Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startup backings globally. Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries, has acquired a 23.3% stake in Exyn for $25 million, the Indian firm said. The Indian firm’s
Three years ago, Mila showed up on Kickstarter with its smart air purifier. The company created an air cleaner with a choice of different filters to suit the use case (and price point) customers were interested in, along with an impressive array of sensors built into the device itself. Today, the San Francisco-based company announced
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Today we celebrate a bit of oversight over an industry that has been allowed to prey on those less fortunate for way too long — Devin reports that the FCC is taking
For the last 24 months, Thomvest Ventures recorded headcount data for 150 Series A to C enterprise SaaS startups, and we have the numbers. This report prepared by Eddie Ackerman, Thomvest’s strategic finance operating partner, looks at startup hiring velocity since February 2021 by region, company type and, notably, how much time passed since last
This year’s been eventful for investors and founders alike. Just as it seemed the venture capital boom of 2021 was slowing down, the startup and VC worlds spun on their axes practically overnight, birthing a new dynamic where “growth at all costs” was quickly replaced by a more measured and careful approach to business and
In case anyone asks, 2022 was all about energy — natural gas, oil, renewables, all of it. Natural gas prices surged early as Vladimir Putin’s poorly thought-out decision to invade Ukraine slashed gas deliveries to Europe. That, coupled with high oil prices, substantially contributed to near-record-setting inflation that forced central bankers to raise interest rates.
Remember the Apple AirPower charging mat? Announced in 2017, the device was supposed to recharge three devices simultaneously, but Apple never released it, citing engineering issues. Now, Tesla is giving it a shot with the just-announced Wireless Charging Platform. Inside the Cybertruck-inspired aluminum casing is a wireless charging platform named FreePower from a startup called
We made it! Another year (nearly!) complete. Go team! The end of the year means many things — holidays, food, family, reflection, etc. Around these parts, it also means it’s time for the TechCrunch Favorite Things list. Each year Team TechCrunch puts together a big list of the things that, when we look back over the
Elon Musk is on the stand defending his $55 million pay package at Tesla. A Tesla investor sued saying he’s being paid too much. Bloomberg’s Ed Ludlow reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech
Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startups globally. Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries, has acquired a 23.3% stake in Exyn for $25 million, the Indian firm said. The Indian firm’s investment
Eddie Ackerman Contributor Eddie Ackerman is strategic finance operating partner at Thomvest Ventures, where he works closely with the company’s portfolio companies to provide valuable financial insight and guidance. Recent headlines have been dominated by announcements of large headcount reductions across the tech industry and especially at giants like Meta, Amazon and Twitter. But it’s
Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. Controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, platforms including DeviantArt and Canva have adopted them to power creative tools, personalize branding and even ideate new products. But the tech at the heart
Rajan “Raj” Moonesinghe (right) and his brother Johann Moonesinghe (left) pictured with their cousin (center). Image Credits: Johann Moonesinghe For years, Austin has made headlines as an evolving tech hub where startups, large companies and investors alike have flocked to set up a presence. But as 2022 closes, the Texas capital is in the news
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Well, the weather outside is…entirely dependent on where you are, we suppose. For the purposes of this newsletter, let’s imagine sunshine, some pristine beaches, a lovely gentle cooling breeze, and some piña
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