Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Szkutak took the mic to talk through breaking news, retrospective features and all the blogosphere content that fits in between. Shout-out to Theresa and Andrew for putting together
Month: January 2023
Toyota’s president, Akio Toyoda, surprised the automotive world this week by announcing he would resign his position and hand the reins over to Koji Sato, who currently helms the company’s Lexus and Gazoo Racing divisions. But Toyoda isn’t going far. The 66-year-old isn’t retiring outright, but instead retiring to the boardroom, where he’ll take over
Finance people live and breathe spreadsheets, Mayfield’s Rajeev Batra was telling me. We were talking about our upcoming TechCrunch Live event featuring him and Cube’s Christina Ross, and Rajeev was explaining how he sees Cube’s position in the marketplace. Christina Ross co-founded the company in 2018 in a bid to provide a solution to CFOs
You may not have known that space needs tugboats, but now you do — and Atomos Space just closed a $16.2 million Series A investment, which will enable the company to complete its demonstration mission where it will show off its docking and towing capabilities. The company is building a series of Orbital Transfer Vehicles
Brendan Wallace’s ambition is beginning to seem almost limitless. The L.A.-based venture firm that Wallace and cofounder Brad Greiwe launched less than seven years ago already has $3.2 billion in assets under management. But that firm, Fifth Wall, which argues there are massive financial returns at the intersection of real estate and tech, isn’t worried
French startup Welcome to the Jungle has raised a new $54 million (€50 million) Series C round. The startup helps other companies recruit new employees more easily by creating sophisticated profiles packed with a ton of information. In particular, Welcome to the Jungle sends a photo and video crew to your office so that they
The mobile game Valiant Hearts: Coming Home by Ubisoft will launch exclusively on Netflix Games on January 31. Previously announced in September 2022, Netflix and Ubisoft announced the official release date of Valiant Hearts: Coming Home yesterday. As part of a recent partnership, this is the first of three mobile games from Netflix and Ubisoft.
Startups selling dev tools over the last few years have seen the pendulum swing. On one hand, developers rarely need anyone’s permission to start using their tools, which resulted in teams within the same organization using wildly different tech stacks. On the other, a growing number of companies are attempting to limit this chaos at
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. Well, it’s Friday again. And as the Equity pod team noted today, “You could be Wasted and not even know it.” — Christine and Haje The TechCrunch Top 3 The search for
Despite Canva being worth in the region of $26 billion, it appears startups feel there is still plenty to be mined from this “easy-to-use design platform” arena. Admittedly, Professional Adobe tools remain fiddly for most people. Perhaps that’s why Berlin-based startup Kittl has now raised a €10.8 million ($11.6 million) Series A for its design
Kano, the venture-backed U.K. startup known for its build-your-own computer kits and software for teaching coding and associated STEM skills, has accused Warner Bros. of copying one of its products and infringing on its intellectual property (IP). The product in question is the Harry Potter: Magic Caster Wand that Warner Bros. announced back in October, and which
HBO announced today that the hit series “The Last of Us” is getting a second season, likely satisfying more than 22 million domestic viewers that watched the Season 1 premiere episode so far. On the night of the premiere, it was viewed by 4.7 million Americans. The announcement comes less than a week after “The
Jefferies Analyst Brent Thill joins Caroline Hyde and Ed Ludlow to break down Microsoft’s earnings beating the average analyst estimate. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Earlier this month, we reported that investors’ sentiments surrounding venture capital activity going into this were more reserved than upbeat. Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. But before that, there was shared optimism that African startups would raise more
When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately held startup. Defending that valuation appears to be challenging. The fintech company has reportedly approached investors about raising more capital — at least $2 billion — at a
Here comes the hockey stick. After years of bumbling along, investment in the energy transition appears to be taking off. Businesses, financial institutions, governments and end users around the world sunk $1.11 trillion into low-carbon technologies, according to a new report from BloombergNEF. It was just over 30% more than 2021 and the second year
Seen through the lens of His Royal Highness, Prince Constantijn Haje Jan Kamps 9 hours I find something very intriguing about members of a royal family working to further the startup scene for a particular country. In a magnificently frank conversation, I spoke with HRH Prince Constantijn, fourth in line to the throne of the
An impressive new AI system from Google can generate music in any genre given a text description. But the company, fearing the risks, has no immediate plans to release it. Called MusicLM, Google’s certainly isn’t the first generative AI system for song. There’s been other attempts, including Riffusion, an AI that composes music by visualizing
Earlier this week, I wrote a story about EV charging company Orange and how it is taking a different approach to putting chargers everywhere. Instead of a few high-speed chargers, it makes it easy for multifamily dwellings (think apartment buildings) to put charger sockets everywhere there might be EVs, taking care of billing and such
Chroma, a startup working to build a new type of audiovisual entertainment specifically for mobile devices, is now adding a Twitter co-founder to its board. The company announced today that Twitter and Medium co-founder Biz Stone, previously an angel investor in Chroma alongside Pinterest’s founders, will join the company’s board of directors to contribute his
As much as 40% of all food produced each year goes nowhere near a human mouth, resulting in economic, environmental and social costs of an estimated $2.6 trillion. While there are a multitude of social, cultural and even technological reasons for these staggering statistics, we’ve seen a slew of startups emerge with propositions on how
Today, HBO announced that the fourth season of the Emmy-winning drama series “Succession” will premiere on Sunday, March 26. It will debut at 9 p.m. ET on HBO and will stream on HBO Max. “Succession” focuses on the Roy family and their media empire, Waystar Royco. Throughout the show, Logan Roy (played by Brian Cox),
Conor Burke spent much of his career in the back office of a big bank in Ireland. His team was tasked with digitizing the onboarding process — particularly document-heavy manual review workflows — that were costing the bank millions of dollars every year and not catching fraud. According to him, the biggest challenge was figuring
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. Did you know you can buy 3D printed key caps to replace, say, your escape key with a cat? Today, that’s our delightful little morsel of whimsy, courtesy of Frederic’s review of
Smart home energy startup Tado has raised €43 million ($46.9 million) in a round of funding led by Trill Impact Ventures, as the company pursues plans to become profitable in 2023. The raise comes a year after the German company announced plans to go public (“deSPAC”) via a special purpose acquisition company (SPAC), plans that
Meet Renaissance Fusion, a Grenoble-based startup that has been working on nuclear fusion for the past couple of years. The company recently raised $16.4 million (€15 million) in funding in a seed round led by Lowercarbon Capital. Several European investors also participated in the round, such as HCVC, Positron Ventures and Norssken. “We are proud
The folks behind Nebia — the techy shower-head startup backed by Apple CEO Tim Cook and a host of other big names — have sold to Mark Cuban’s Brondell, which makes bidets, air purifiers and the like. The Nebia name and water-saving nozzles will live on following the deal, co-founders Philip Winter and Gabriel Parisi-Amon
Newsletter platform Substack announced today that it’s introducing several new features, including private Substacks. A private Substack is a publication that you can host alone or readers can request to subscribe to read your posts. Writers can choose to approve or decline each subscription request. In a blog post, Substack explained that private Substack accounts
Bloomberg’s Mark Gurman joins Caroline Hyde and Ed Ludlow to discuss how Apple’s long-anticipated mixed-reality headset with eye and hand-tracking systems could set the technology apart from rival products.
Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz, with participation from Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and
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