In Novembar last year, Frederic wrote about Lumigo‘s $29 million Series A round led by Redline Capital. The company makes a cloud-native application monitoring and debugging platform and has raised a total of $38 million since its launch in 2019. In the most recent installment of my Pitch Deck Teardown series, I am beyond excited
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If you’re having problems accessing Instagram today, you’re not alone. The social media giant is currently experiencing some problems, according to reports on third-party web monitoring service Downdetector. The website indicates that issues began at around 12:30 PM ET. NetBlocks, which tracks global internet usage and disruptions, has also noted that Instagram is facing intermittent
Planet FWD, a carbon-assessment startup founded by Zume Pizza co-founder Julia Collins, grabbed another cash infusion in the way of 10 million Series A dollars to continue developing technology so that the $1.5 trillion consumer products industry can more accurately measure and reduce their carbon footprint. We profiled Collins’ journey from pizza to climate-friendly food
Assembled, which bills itself as a workforce management platform for customer support teams, today announced that it raised $51 million in a Series B funding round led by New Enterprise Associates, with participation from Emergence Capital and Basis Set Ventures. CEO Ryan Wang says the new capital will be put toward product development, including schedule
The U.K.’s competition watchdog has just announced another investigation into Google over potential antitrust abuses around adtech. This is the Competition and Markets Authority’s (CMA) second probe of Google’s adtech practices — after it said it would investigate an ad deal between Google and Facebook referred to internally as ‘Jedi Blue’, back in March. (That
Joby Aviation — the publicly-traded electric air vehicle company with a current market cap of $3.1 billion — has received the necessary certification from the Federal Aviation Administration to begin on-demand commercial air taxi operations, the company said on Thursday. While it’s a significant milestone that puts Joby closer to its stated goal of launching
As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon is beckoning to the dozens of developers who had projects built on the inoperative blockchain. Polygon, a layer-2 blockchain built on Ethereum, has launched a “relatively uncapped multimillion dollar fund” so Terra-built projects can move to its
Former Twitter CEO Jack Dorsey’s time at the company has come to an end. Dorsey stepped down from Twitter’s board of directors Wednesday, a change that’s effective as of the company’s shareholders meeting. Dorsey had already begun to distance himself from the social media platform he co-founded, leaving Twitter’s chief executive role late last year
As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. EdgeQ, Kneron and Hailo are among the dozens of
Between one-to-one therapy and free online forums, people search for a range of solutions to mental health therapy online. Especially since the pandemic increased anxiety and depression rose by 25% globally (according to WHO) and also deepened an epidemic of loneliness. Among players in the online group emotional support space there is Pace (which raised
Republican lawmakers are facing growing anger over the deadliest mass shooting at an American school in nearly a decade yesterday, with many of their constituents expressing frustration over their repeated votes against even modest gun control reforms. Social media can’t solve the problem. Indigov, a three-year-old, 70-person New York-based startup, can’t solve it either, but
Synthesis Capital, the one-year-old London-based food technology and alternative protein investor, closed its first fund with over $300 million in capital commitments. The firm is led by former CPT Capital investors Costa Yiannoulis and Rosie Wardle, who have invested in the sector since its nascency in 2014, and biologist David Welch, and supports startups leveraging
Shares of Twitter are sharply higher in after-hours trading in the wake of a new U.S. Securities and Exchange Commission (SEC) filing detailing changes to how Elon Musk is approaching buying the company. In short, Musk initially indicated that he would execute a margin loan of $12.5 billion against other holdings to help finance his
Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being dogged by activist investors. But today, the company announced its earnings, and revenue was up 18% over the prior year to $238.4 million, easily beating consensus estimates of $235 million, according to the company. This marks the fifth consecutive quarter
It’s crunch time in the world of instant grocery delivery, with the latest turn representing a big blow specifically in Europe. Berlin-based Gorillas, which raised nearly $1 billion dollars at around a $3 billion post-money valuation only seven months ago — today announced that it would be laying off some 300 employees and exiting four
Bearish markets and high interest rates often cause private investors to turn away from anything resembling a risky investment. Yet, now is a very apt time to take another look at the cannabis opportunity in the U.S. Quite a lot has changed since our previous U.S. cannabis survey from 2020. Recreational cannabis is now legal
a16z stands behind its words with fresh $4.5B crypto fund Alex Wilhelm 9 hours Be greedy when others are fearful, and fearful when others are greedy. Consensus is expensive. There are cliches aplenty when it comes to making money, and many investing koans deal with doing the opposite of what the masses are up to
Only a handful of “whales,” or big spenders, still own the majority of NFTs. While the digital assets have piqued widespread consumer interest, the user experience associated with actually minting or purchasing an NFT is still complex and oftentimes intimidating. DJ Gabeau, one of Snapchat Stories’ earliest engineers and founder of web3 social network Primitives,
The pandemic forced businesses to accelerate their digital transformations, which, in turn, sped adoption of the cloud. According to a 2021 survey by O’Reilly, cloud adoption is rising steadily across industries — 90% of organizations now use cloud computing, up from 88% in 2020. At its best, the cloud, nebulous though the term might be,
It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of its staff globally. It’s been estimated that
It’s been a tough few years for Berlin-based femtech hardware startup Inne which came out of stealth R&D in the fall of 2019, shortly before COVID-19 hit Europe. By January 2020, founder and CEO Eirini Rapti tells us she was busy making final inspections ahead of the launch of its debut product — a connected
Yubo, a social livestreaming app popular with a Gen Z audience, announced today it’s becoming one of the first major social platforms to adopt a new age verification technique that uses live image capture technology to identify minors using its app, in order to keep them separated from adult users. While other companies serving a
There’s a vast unmet demand for medical consultation in developing markets like Egypt due to low doctor supply. As of 2018, Egypt’s doctor to citizen ratio stood at 1:2,000; you can paint a picture when you walk into any government hospital and see long queues. These problems and pandemic-changing habits have resulted in an uptake
Every era is different, but here are some tips for our new normal Navin Chaddha 22 hours Navin Chaddha Contributor Navin Chaddha is managing partner at Mayfield, an inception and early-stage investor with more than 50 years of a people-first investing philosophy. More posts by this contributor Survival tips for startup founders living through their
Roblox has picked up a key hire to help grow its ecosystem of user-generated content for the metaverse. Nick Tornow is joining the company as VP of Engineering for its developer team, leaving his former post as Twitter Platform Lead. Tornow also spent a decade at Zynga and served as the company’s CTO from 2013
Singularity Energy, a SaaS platform that reports on carbon emissions for the electricity grid, has closed a $4.5 million seed round led by Spero Ventures and Energy Impact Partners and joined by existing investors, including Third Sphere and J Ventures. Singularity, based in Somerville, Massachusetts, provides detailed information about the carbon intensity on the grid
If I received a note from an investor stating, “although somber, this data is not meant to alarm you,” well, I might be alarmed. But that quote from Reach Capital represents a slew of memos sent in recent days by venture firms to portfolio companies offering advice and asking questions about how founders are positioned
If you’re working for an advertising agency or you’re in charge of a brand, editing and exporting a video ad that works across all social and web platforms can be a lengthy and time consuming task. French startup Aive speeds up the process quite drastically as it can automatically generate all formats and all durations
Today at Build 2022, Microsoft unveiled Project Volterra, a device powered by Qualcomm’s Snapdragon platform that’s designed to let developers explore “AI scenarios” via Qualcomm’s new Snapdragon Neural Processing Engine (SNPE) for Windows toolkit. The hardware arrives alongside support in Windows for neural processing units (NPUs), or dedicated chips tailored for AI- and machine learning-specific
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. It’s the 24th of May, 2022, and today Amanda made us laugh with her “Welcome to Hell, we all drive Teslas,” subhead to her story about Everything you wanted to know about