New Enterprise Associates, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion. The two-fund structure is a first that begets another first for the 45-year old firm: TechCrunch has learned that NEA has filed to be
Month: January 2023
What is automation good for? Harvesting more broccoli than human laborers can, according to Upp, a Shropshire, U.K.-based agtech startup that’s using computer vision AI plus farm-sized proprietary machinery to expand crop yields. Its pitch is not only that its specialist, AI-driven harvester will make it more efficient to pick a familiar crop but also
In the wake of a seminal wave of new artificial intelligence startups such as OpenAI, a new U.K. company claims it can track and rank banks on their ability to develop and deploy AI platforms. Evident, a benchmarking and intelligence company, says its inaugural Index can rank the 23 largest banks in North America and
Comcast-owned streaming service Peacock had its best quarterly result since its 2020 launch, adding five million paying subscribers in its fourth quarter of 2022 to bring the total to 20 million, up from the over 15 million subs in the previous quarter. In Q1 2021, Peacock had 9 million paid users. Peacock gets much of
German insurtech startup Getsafe is adding a fourth market with today’s product launch. In addition to Germany, Austria and the U.K., Getsafe is now going to offer insurance products in France. The company will first offer a home insurance product. Getsafe is trying to disrupt the insurance market with a focus on digital-first insurance products.
Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with rising costs amid the market downturns. Walmart spent about $780 million earlier this month to the Indian tax authorities after PhonePe, in which
If you live in France and you want to add a security system to your home, you don’t have a ton of options. You can contact a home security company like Verisure and Homiris. But you’ll end up paying expensive subscription fees with long-term contracts. You can also buy your own security camera and connected
Nobody is going to accuse Angry Miao of making boring keyboards (or earbuds). The company’s previous releases, The Cyberboard, Am Hatsu and Am AFA, are as overengineered as they are unique. When the company first started teasing its new 60% board, it almost looked too conventional to be an Angry Miao product, but keeping with
Disney Advertising held its annual Tech and Data Showcase today, revealing plans to roll out some of Hulu’s ad targeting capabilities to Disney+. When Disney+ launched its ad-supported tier last month, advertisers couldn’t target ads to specific audiences. By giving Disney+ advertisers access to Hulu’s ad-targeting tools, they can learn a user’s age, gender, and
Bloomberg’s Caroline Hyde and Ed Ludlow discuss how Zelle users took to Twitter to bemoan the loss of funds from their accounts as well as a lack of response from Bank of America and Zelle about the issue.
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. Hello, Crunchers! We’re pretty excited about Matt’s TechCrunch Live, where he talks to Cambly about how the company found profits after failing to raise a Series A. Mark your calendar for February
There was a brief, beautiful moment for a few months in 2021 when it felt like robotic investments might be immune from broader market forces. We all fundamentally and implicitly understood this to not be the case, but it was a nice moment nevertheless. Truth is, there was a bit of insulation in there. There
The growth keeps coming for Tesla’s energy storage business. On Wednesday, the automaker said its home and utility-scale battery deployments reached 6.5 gigawatt hours (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we have achieved.” That’s up from about 4 GWh in 2021. For context, the average American home
Twitter owner and self-proclaimed “free speech absolutist“, Elon Musk, is facing a legal challenge in Germany over how the platform handles antisemitic hate speech. The lawsuit, which was filed yesterday in the Berlin regional court by HateAid, a group that campaigns against hate speech, and the European Union of Jewish Students (EUJS), argues that Musk-owned
Amazon is deepening its ties to hit Dungeons & Dragons actual play series Critical Role, entering a multiyear deal with the growing role-playing content empire that will see any new adaptations spring up under the Amazon Studios umbrella. The company will also bring Critical Role’s second campaign to life, showcasing the ragtag fantasy group of
Working with, microservices-based development environments presents a unique set of testing challenges. Richard North developed an open source solution called Testcontainers in 2015 to help ease this problem for developers. Today, the open source project is used by companies like Uber, Netflix, Spotify and Capital One. North and co-founder Sergei Egorov (who was a co-maintainer
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha interviewed Sarah Oh, the co-founder of T2, a Twitter
Chances are you used a toilet at some point today, and you didn’t think much of it. But if you used a port-a-potty, you probably did think about it. Maybe a lot. And it probably wasn’t pleasant. “No one likes the port-a-potty,” said Brophy Tyree, co-founder and CEO of Wasted. “It’s embedded into a really
Madrid has renewed the operating licenses for scooter-sharing services in the city. The city council has chosen three operators for the next three years — Dott, Lime and Tier. This trio of companies will sound familiar as these companies also won tender processes in several European cities in recent years. Madrid even says that it
When Shutterstock and OpenAI announced a partnership to help develop OpenAI’s Dall-E 2 artificial intelligence image-generating platform with Shutterstock libraries to train and feed the algorithm, the stock photo and media giant also hinted that it would soon be bringing its own generative AI tools to users. Today the company took the wraps off that
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia. The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for
Meet Oneleaf, a new startup that wants to make hypnosis mainstream. The startup has designed an app that helps you get started with hypnosis and follow various programs to quit smoking, reduce anxiety or lose weight. Oneleaf raised $4.6 million (€4.2 million) from Frst, Kima Ventures, Raise Ventures and several business angels. Bpifrance also contributed
Netflix received 15 Oscar nominations this year, putting the streaming service ahead of most other media companies. Warner Bros. was close behind with 13 nominations, and Disney+ earned 12. Combined with Disney-owned Searchlight, which had 10 nominations, Disney received 22 total noms. Netflix’s German war movie “All Quiet on the Western Front” was nominated nine
Virginia Governor Glenn Youngkin is calling an electric-vehicle battery plant planned by Ford Motor Co. and a Chinese partner a “Trojan horse” for China that would undermine policy efforts to strengthen the US auto industry. He speaks to Bloomberg’s Ed Ludlow. 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”
One of the most remarkable things about construction robotics is the sheer breadth of tasks that can potentially be automated. As I’ve noted before, the entire category is a prime target for robotics startups, given that it fills all of the big Ds of automation — dull, dirty and (quite often) dangerous. It’s also one
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. What’s up, Crunchers? Good to see you again! We’re so glad to have you with us. It’s been a really busy day on the site today, and Haje has been busy getting
Welcome back to Found, where we get the stories behind the startups. In this week’s episode Darrell and Becca are joined by Sebastian Siemiatkowski, the co-founder and CEO of Klarna. Sebastian talks about what led him to found the startup and how it has navigated multiple market cycles since. He also dives into how Klarna
“May I suggest respectfully that Ticketmaster ought to look in the mirror and say, ‘I’m the problem, it’s me,’” Senator Richard Blumenthal (D-CT) said on the Senate floor Tuesday, referencing Taylor Swift’s latest hit “Anti-Hero.” In a hearing on consumer protection and competition in live entertainment, senators grilled Live Nation CFO and president Joe Berchtold
The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budgets for SaaS purchases, looking to keep cash on hand while growing more efficiently. That’s why Kush Kella and Ahmed Sharif founded Vartana (which my colleague
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