Brain researchers have relied on devices called microelectrode arrays for decades, but the technology behind these tools is increasingly outdated. Precision Neuroscience is building a modern alternative that’s not only an order of magnitude better, but far less invasive to put in. With a newly raised $41 million in the bank, they’re all set to
Month: January 2023
If you thought egg prices were out of control, the SaaS inflation rate is outpacing the rest of the economy. In the U.S., SaaS expenses are growing 3.5x faster than market inflation. In Australia and the UK, that rises to 5x, according to Eldar Tuvey, founder and CEO of Vertice. “If cutting SaaS costs is
Dutch social enterprise Fairphone, which makes modular and — the claim is — more sustainable and ethical consumer electronics, has nabbed a chunk of funding to continue scaling a circular-economy-aligned smartphone business. The €49 million (~$53 million) “growth capital” investment — from an international consortium of impact investors, led by new shareholders Invest-NL, the ABN
Big Tech take note: In what looks like a meaningful — and long overdue — reforming step, the European Commission has committed to dial up its monitoring of how data protection authorities at the EU Member State level enforce the bloc’s flagship data protection rules — committing to regular checks on “large scale” General Data
Everyone’s talking about unplugging these days — climbing a mountain, trekking through the forest, finding your way to a truly secluded beach. Central to that concept is turning off notifications, uninstalling work apps or even — if you’re feeling especially brave — leaving the phone at home for a week or two. But is paradise
Welcome back to Found, where we get the stories behind the startups. This week, Darrell and Becca catch up with Rosie Nguyen, the co-founder and CCO of Fanhouse, a startup that helps content creators monetize their work. Rosie talked about her initial reluctance to become an entrepreneur but how issues at other content platforms pushed
Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly-appointed
As venture capital investments slowed down in 2022, some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always easy to understand. Finley CEO Jeremy Tsui told TechCrunch that private credit is a $1.2
Even if insects don’t sound appealing to you, black soldier flies could play an essential role in the food chain in the coming years. In particular, these flies’ larvae can become an important source of proteins for livestock and fish. That’s why Entocycle is raising another $5 million in a Series A funding round led
I have wanted a robot pet at least since Sony introduced the original Aibo in 1999 — probably earlier, but Aibo made it seem tangible. Since then, there’s been a steady stream of attempts at making robot pets a reality that matches what we often see in futuristic science fiction — including a recent Aibo
After eight months, Netflix’s Kids Mystery Box feature has officially rolled out to Android devices today. Android users worldwide can now discover new children’s shows and TV characters by clicking on the “Mystery Box” in the “Favorites Row” at the top of the Netflix homepage. The company today updated its previous announcement post from May,
Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. I’m back, I’m drinking an iced Americano maybe because I miss Alex, maybe because I just feel different today, and I’m ready to start our week together. Here’s what I got into on today’s Equity
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Kicking off the week, we’ve been thoroughly enjoying Runa Sandvik’s story about how U.S. police use digital data to prosecute abortions in our post-Roe-v.-Wade world. The TL;DR is that healthcare in the
Movano Health turned heads at CES with an ouroboros-esque smart ring designed for women. In the crowded field of fitness wearables, where the mainstream heavy hitter of the Apple Watch heads up a very long tail of typically less pricey and/or more specialist activity tracking bracelets and bands all keen to claim their own patch
Nearly a year after ViacomCBS announced its rebrand to become Paramount, the company is now making a major change to its portfolio with today’s news that it will be fully integrating Showtime into Paramount+ — the streamer known in previous years as CBS All Access. The integration will include both streaming and linear platforms, the company
Caitlin Long, Founder & CEO, Avanti Bank & Trust, Nic Carter, General Partner, Castle Island Ventures and Co-Founder, Coin Metrics and Michael Saylor, Chairman and CEO, MicroStrategy, Inc. spoke to Bloomberg Quicktake’s Katie Greifeld about the future for crypto and what’s next in the crypto space. They are at the Bloomberg Financial Innovation Summit. ——–
A not-so-humble brag here, so brace yourself. The programming at TechCrunch Early Stage — April 20 in Boston, Massachusetts — is gonna be off the proverbial hook. How do we know? We read hundreds of applications from experienced founders and startup ecosystem experts eager to participate in Audience Choice for a chance to present at
Despite continuing talk about a possible recession, slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. After slowing way down last spring, venture outfits disclosed a stunning $8 billion in new capital commitments in the span of just five days. Consider the following: NEA
French startup Sorare has signed a four-year licensing partnership with the Premier League. This is an important move for the company as the English football league is one of the most-watched sports leagues in the world. Sorare is a fantasy sports gaming experience based on NFTs, or non-fungible tokens. In particular, Sorare has partnered with
With the economy teetering on recession, and sales of mobile phones and other consumer electronics slowing down globally, a U.K. startup called Raylo that’s leaning into both of those themes has picked up £110 million ($136 million) to grow its business, offering consumers access to new gadgets by way of short-term leases. The London-based company
Netflix announced today that its “One Piece” live-action series would be available to stream sometime in 2023. The company tweeted the announcement alongside a new poster of the upcoming series. The poster shows the main character, Monkey D. Luffy (played by Iñaki Godoy), with his back turned. A specific release date for the live-action series
Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently. The Bangkok-based startup announced today it has raised $850,000 in an oversubscribed seed
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month financial year period ending in March last year. PhonePe, which is valued
After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s handset sales had slid below 300 million units
Oct.16 — SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion in rescue financing, according to a person familiar with the matter. Bloomberg’s Liana Baker has more on “Bloomberg Markets: The Close.”
Much hope remains after the crypto winter almost froze the sector: the Luna crash, the bankruptcy of Celsius and the arrest of FTX founder Sam Bankman-Fried for alleged fraud. Then there was the venture pullback amid an economic downturn. In 2021, web3 startups globally raised a record $29.2 billion. By 2022, that number dipped to $21.5
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 week.
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over index on “the new.” Companies want to build for the pain point you never
Deel Co-founder Alex Bouaziz joins Caroline Hyde and Ed Ludlow to discuss the launch of Deel HR, US Payroll, and Deel Engage, and Deel hitting $295 million annual recurring revenue at a $12 billion valuation.
Americans spent nearly $20 billion on pizza deliveries in 2021. Most of us could probably bake one at home, but speed and convenience are powerful incentives at dinnertime. The potential of AI tools like ChatGPT creates a similar dilemma — should companies license large language models without modifications, or customize them and pay much higher
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