Month: March 2023

Bloomberg’s Max Reyes joins Ed Ludlow and Caroline Hyde to wrap up what’s known of the SBV fallout so far and the impact on other banks like First Republic and Signature Bank. ——– 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 Caroline Hyde and
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When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software that helps manage and automate the performance of EVs. Pull Systems,
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Elemental Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse. Elemental intends to pump $43 million more into climate-tech startups — $13 million of which will be set aside for its twelfth accelerator program, beginning in October. The investor hasn’t secured all of
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It’s too early to determine whether SVB’s downfall heralds a new era for venture capital, but based on anecdotal evidence, off-the-record discussions and chats with co-workers, it seems like we’re back to business as usual as far as pre-revenue startup fundraising is concerned. Not a scientific sampling, but I noticed that several investors signaled this
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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 Friday Crunch! There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the
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For many people around the world, braille is their primary language for reading books and articles, and digital braille readers are an important part of that. The newest and fanciest yet is the Monarch, a multipurpose device that uses the startup Dot’s tactile display technology. The Monarch is a collaboration between HumanWare and the American
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U.S. employees at Bandcamp, an online audio distributor, have announced their formation of a union. Last year, the platform was acquired by Epic Games, the multibillion-dollar company behind games like Fortnite and the Unreal gaming engine. According to the union, known as Bandcamp United, a super-majority of workers are in favor of forming a union.
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Nonprofit FORGE is bringing ‘nearshoring’ to US startups Haje Jan Kamps 8 hours There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the United States. But it turns out that it’s possible to manufacture closer to
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Tribe Capital Co-Founder Arjun Sethi joins Caroline Hyde and Ed Ludlow to discuss the fallout from the collapse of Silicon Valley Bank and why, like other Venture firms, Tribe Capital advised its portfolio companies to move some, if not all, of their balances from SVB. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:
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Ember has been a fascinating company to watch. The Los Angeles-based startup entered the scene with a self-heating mug, only to leverage its temperature tech learnings to enter the cold chain space, where it has developed containers for medical supply shipping. I suppose you could say that the firm has returned to its roots with
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MindGeek — owner of several adult entertainment sites, including Pornhub, Brazzers and Redtube — was acquired by a Canadian private equity firm, Ethical Capital Partners (ECP). ECP, which was formed last year, did not disclose the terms of the deal. “In MindGeek, we have identified a dynamic tech brand that is built upon a foundation
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Update: Google tells TechCrunch that it remains committed to augmented reality, stating, “For years, we’ve been building AR into many Google products and we’ll continue to look at ways to bring new, innovative AR experiences across our product portfolio.” I know at least one TC staffer who is gutted by the inevitable second death of
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