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. Hello, and welcome to your Thursday — aka, the day the TikTok CEO went in front of Congress. Our team has been working hard all day to keep up with everything going
Month: March 2023
A brown macroalgae native to the Atlantic’s Sargasso Sea is increasingly a menace to coastal ecosystems and communities across the Gulf of Mexico, ever since mats of the normally beneficial seaweed (known as sargassum) exploded in numbers in 2011. This is the backdrop for Carbonwave, which recently raised $5 million to put the hulking algae
Meta, the self-styled “metaverse company” formerly known as Facebook, has taken on a novel role de-hyping the virtual world technology its founder bet the farm on just a few short years ago. No, it hasn’t announced another pivot — rather it’s been forced to dial down the multicolored metaverse hype as it lobbies against a
Amid questioning about TikTok’s use of biometrics in today’s Congressional hearing, TikTok CEO Shou Zi Chew offered some insight into how the company vets potentially underage users on its platform. After denying the app collects body, face, or voice data to identify its users — beyond what’s needed for its in-app AR filters to function,
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel. Both the startup’s founder and lead investor previously spent years working at payments giant Stripe. Before starting Beam in October of 2022, Adam Eagle had spent
In the past two weeks, millions of dollars shuffled from startup and investor bank accounts housed in the collapsed Silicon Valley Bank to the JPMorgans, Brexes and Wises of the world. As founders and investors continue looking for new places to park their money, it’s essential to consider this moment as an opportunity to start
Fifteen might not be a familiar name, but you may already know some of Fifteen’s bikes. Fifteen is the new name of the companies formerly known as Smoove and Zoov — these two companies with weird names merged a couple of years ago. Smoove is one of the companies behind the Vélib’ bike-sharing service in
Apple may be partnering with studios to put more titles in theaters, a plan that could cost $1 billion a year. Typically, Apple’s original movies have either received small theatrical runs or been exclusive to Apple TV+. So, the potential investment would be a notable increase and signals a major shift in the streamer’s strategy.
Southeast Asia’s mental health startups are getting more investor attention. Last week, Intellect announced a strategic investment from IHH Healthcare, Asia’s largest private healthcare group. Now Thoughtfull, another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Sheares is a wholly-owned subsidiary of
Proptech company Roofstock has laid off about 27% of its staff today, according to an email sent to employees viewed by TechCrunch. The cuts come just five months after the startup laid off 20% of its workforce. The company’s website states that it has 400+ employees, or “Roofsters” as they’re dubbed, but it is not
The funding landscape remains very tough for technology startups, but there are still some pockets, and specific companies, driving a lot of interest right now among investors because they look like they’ll break through whatever current macroeconomic trends that are gripping the world. Today, a startup out of Munich called IntegrityNext announced that it has
Lun, a climate tech startup out of Denmark, is on a mission to help homes decarbonize fast — starting with heating systems and swapping out boilers for electric heat pumps. What are heat pumps? The technology is a low carbon form of heating which is based on the principle of refrigeration that offers an alternative
Microsoft is infusing OpenAI’s technology in its Office apps. The new software suite leverages the power of OpenAI’s new GPT-4 platform. Debuting in the coming months, Microsoft is already testing it with 20 companies, including 8 Fortune 500. Microsoft CEO Satya Nadella speaks exclusively with Emily Chang about how these new AI-powered assistants will transform
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. Welcome to Humpday Crunch! Today we’re sad that Aloria passed away on Sunday, as Lorenzo reported. She was a veteran of the cybersecurity community, especially the one in New York, her home
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, a subsidiary
Fintech startup Checkout.com is better known for its payment processing product. But the company is launching a new product today as Checkout.com customers can now create payment cards for their own customers. The company has been testing Checkout.com Issuing for a while as there are already millions of cards that have been created with the
Apple and Major League Baseball (MLB) announced today new updates to its “Friday Night Baseball” offering. The games are now available to Apple TV+ subscribers in 60 countries, up from the original 13. However, the first 12 weeks of games this year will no longer be free for everyone and will require an Apple TV+
The back half of 2023 is expected to unlock the technology IPO market. Whether the public-offering window opens later this year or early in 2024, TechCrunch+ expects to see a few familiar names in the mix from the HR tech space. And perhaps some less familiar names. Regular TechCrunch readers are likely familiar with HR-tech
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: How can I return
Shadow is introducing some new use cases for its cloud computing service at the Game Developers Conference. In particular, the company wants to partner with game publishers so that they can create virtual booths to showcase game demos. While Shadow now offers several services, the company is better known for its cloud computing service for
The European Commission has laid out another piece of its Circular Economy Action Plan today — adopting a proposal to set common EU rules which are intended to make it easier for consumers to get faulty products repaired. The “right to repair” measures are aimed at reducing e-waste by preventing repairable products from being prematurely
As competition among smart TV makers heats up, Amazon today is introducing an expanded Fire TV lineup which now includes more sizes for its top-of-the-line Omni QLED series as well as a new, lower-cost Fire TV 2-Series that will start at $199.99. The company is also bringing its TVs to new markets globally, updating some
Early-stage founders need mentorship and support to build a successful startup, and conventional wisdom says, “Get thee to an incubator or an accelerator!” However, the two programs are not interchangeable — they serve very different purposes — and there are roughly 500 accelerators and 1,400 incubators in the U.S. alone. Which type of startup program
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by
If you plan to launch a new startup in France, Denmark or Sweden, there is a new seed fund looking for your pitch. Emblem is announcing today that it has raised nearly $54 million (€50 million) for a new European seed fund. And this is only the first close — the firm expects to raise
Khosla Ventures Founder Vinod Khosla joins Ed Ludlow and Caroline Hyde to say why he thinks SVB is safe now that it is insured by the FDIC, and how the banking crisis has impacted its portfolio companies. Plus, his thoughts on TikTok, and why he still intends on writing checks to AI startups. ——– Like
For most of the Information Age, companies that wanted to scale invested in server farms and hired teams to keep them running. At one of my first startup jobs, I walked in one day to find two sleeping co-workers who’d spent the night configuring servers at a co-locating facility 60 miles away. Soon after, when
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. Happy Tuesday Crunch, you beautiful, strong, and smart people. So glad to have you with us! Let’s get to it! — Christine and Haje The TechCrunch Top 3 Image prompts: Microsoft is enabling
When individuals make purchases online, they place items in the digital shopping cart and use a credit or debit card to complete the transaction instantly. Businesses operate differently, typically looking to pay later at some agreed upon time frame between one week and 90 days. Most of these types of net transactions continue to be
After 25 years of extremely detailed reviews of digital cameras and accessories, the irreplaceable DPReview is being shut down by Amazon as the company proceeds with a new round of layoffs. DPReview was founded in 1998 in England, and bought by Amazon in 2010, which relocated the team to Seattle to be closer to its
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