Quantum computing has been making quantum leaps of progress in the last several years — going from theoretical concept to multiple testing environments, to help organizations prep for a time when quantum computers, and their unparalleled processing power, become a scaled reality. Now, UK-based Oxford Quantum Circuits is announcing £38 million ($47 million) in funding
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Live in India, Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. Returning investors 9Unicorns, iSeed, Crescent and Riverwalk also participated. This brings MarketWolf’s total
Remember Meizu, the once-promising competitor to Xiaomi? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China’s largest private automaker and Volvo’s parent comapny. China’s smartphone industry is notoriously competitive. Founded in 2003, Meizu has been making affordable, trendy Android-based smartphones
YC-backed climate tech startup, Pina Earth, has closed a $2.5 million seed round of funding a year after being founded and a few months since it presented at the accelerator’s Winter 2022 Demo Day in March. The seed is led by Franco-German VC XAnge, with participation from London-based VC firm Nordstar, as well as a
Despite the economic downturn and perilous position many startups find themselves in, some industries are seeing continued momentum in terms of inwards investments — one of those is climate tech. In 2021 alone, some $40 billion was invested across more than 600 deals, a trend that is seemingly continuing into 2022 with significant capital plowed
Indian fitness platform, Ultrahuman, is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. Sensors embedded in the forthcoming Ultrahuman Ring include temperature, heart rate and movement monitors, which enable the device to track
Onomondo, a startup offering a dedicated wireless network for internet of things (IoT) devices, today announced that it raised $21 million in a funding round led by Verdane with participation from Maersk Growth, People Ventures, and The Danish Growth Fund. In an email, CEO Michael Karlsen told TechCrunch that the new cash will be put
Happy Monday. It’s Independence Day here in the United States, which means that much of TechCrunch is on holiday. But as last week came to a close, several important pieces of data dropped that are worth our consideration. Let’s not let that opportunity pass, day off or not. (Also, this is the last day of
As the crypto markets continue to trend downward, the world’s second-largest crypto exchange, FTX, remains undeterred. “Our priorities have not changed,” Mark Wetjen, head of policy and regulatory strategy at FTX, told TechCrunch. “Markets will do what they do, but the reality is that the digital asset marketplace and digital asset ecosystem, we believe, is
Hello and welcome back to Max Q. I hope all my American readers had a restful Independence Day. In this issue: Rocket Lab launches NASA’s CAPSTONE mission The first images from James Webb Space Telescope are almost here News from AWS, SpaceX and more Don’t forget to sign up to get the free newsletter version
With a limited launch in mainland China today, one glance at the new smartphones from Xiaomi leaves little doubt what the smartphone is all about. A third of the back of the smartphone is dominated by a dome covering a number of cameras with one of the biggest sensors we’ve seen in a smartphone so
WeWork India has fixed a data security lapse that exposed the personal information and selfies of tens of thousands of people who visited WeWork India’s coworking spaces to the internet. Security researcher Sandeep Hodkasia found visitor data spilling from the check-in app on WeWork India’s website and used to sign-in at the dozens of WeWork
A lot of pitch decks I review have a slide that really shouldn’t be there: the exit strategy slide. Your slide deck should only have an exit strategy slide if you’re running a very late-stage company that’s about to IPO, and even then, you probably wouldn’t have it as a slide on a funding deck
Indonesian wealth management app PINA’s founding team While many of Indonesia’s investment apps are focused on hooking first-time investors with low fees and starting deposits, PINA is targeting the middle-to-upper classes with wealth management services. The app announced today that it has raised $3 million in seed funding from AC Ventures, Vibe.VC and Y Combinator,
Indonesia’s construction industry is large and growing quickly, but a lot of supply procurement is still done the old-fashioned way, through phone calls and text messages. Juragan Material wants to make things easier with a B2B marketplace for building materials from curated suppliers. The company announced today it has raised $4 million in seed funding
Equity crowdfunding — or community raises, as the fundraising platforms involved prefer to call it — has grown steadily over the last few years. Regulations governing the process continue to evolve in the market’s favor, and 2022’s venture funding pullback may be the final piece needed to quiet the fundraising strategy’s naysayers for good. This
You’ve brushed off your Keynote skills, you’re giddy that you’re finally going to be able to start paying yourself a living wage, and you are excited to start pitching your startup’s next round of funding to your investors. It’s heady times, for sure, but hit the other pedal there for a moment, friend — you
There’s a reason the term “daily driver sports car” exists. It’s because typically, purpose-built performance cars suffer from an inherent lack of usability: they’re loud, uncomfortable and they require pristine driving conditions. What’s more, they’re often bereft of the accessories we’ve grown used to, and when they’re included, they’re usually subpar. These might sound like
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
In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the company was valued in June of 2021. The Wall Street Journal reported today, citing anonymous sources, that Klarna
Most real estate agents charge a commission — in many cases up to 6% of the sale price of a home — for listing and selling a house on behalf of a homeowner. For a home that sells for about $170,000, this commission totals just over $10,000. For a home that sells for $500,000, it
Testing new satellites and space-based technologies has never been easy exactly, but it definitely could be easier. Slingshot 1, a 12U Cubesat mission just launched via Virgin Orbit, is an attempt to make building and testing a new satellite as easy as plugging a new keyboard into your computer. To say it’s “USB for space”
Tesla delivered 254,695 electric vehicles globally in the second quarter, a nearly 18% drop from the previous period as supply chain constraints, China’s extended COVID-19 lockdown and challenges around opening factories in Berlin and Austin took their toll on the company. This is the first time in two years that Tesla deliveries, which were 310,048
Getting hacked sucks. It’s even worse if you’re a digital creator whose social media accounts literally pay your bills. When creators get hacked, it can mean that they aren’t able to post sponsored content, earn payments from badges or operate their Instagram shops — it’s debilitating, like if a chef broke their arm and had
Snowplow, a platform designed to create data for AI and business intelligence applications, today announced that it raised $40 million in a Series B funding round led by NEA, Snowplow investors, Atlantic Bridge and MMC. Co-founder and CEO Alex Dean said that the new cash will enable Snowplow to grow its team, establish a second
Hello and welcome back to Week in Review, where we recap the biggest stories from the week. If you want this in your inbox every Saturday, sign up here. Greg Kumparak is still on vacation, but not to worry! He’ll be back at the helm next week to bring you our biggest stories. Until then,
This week’s Supreme Court decision to curtail the Environmental Protection Agency’s ability to regulate greenhouse gas emissions may not have been unexpected, but it was still a bombshell. Not only did it kill the prospect of quick executive action on the matter, it potentially cut off a number of regulatory solutions. The EPA had sought
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Tech innovation is a cycle, especially in the main character-driven world of early-stage venture capital and copycat nature of startups. The latest proof? Y Combinator this week announced Launch YC, a platform
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the
According to a report by Capchase comparing more than 400 SaaS startups to unicorns that reached the public markets in the last two years, the top performers “are handily beating the ‘Rule of 40,’” reports Kyle Wiggers. For those of us who haven’t memorized economic frameworks: The Rule of 40 is a metric investors developed