This morning, Ramp, which provides corporate cards and spend management software, announced that it has closed $115 million across two investments, the latter of which valued the company at $1.6 billion. The Information first reported that Ramp was raising new capital. TechCrunch confirmed the news prior to the company’s announcement earlier today. Ramp raised the
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Facebook’s lead data protection regulator in the European Union is seeking answers from the tech giant over a major data breach reported over the weekend. The breach was reported by Business Insider on Saturday, which said personal data (including email addresses and mobile phone numbers) of more than 500 million Facebook accounts had been posted
LiquidStack does it. So does Submer. They’re both dropping servers carrying sensitive data into goop in an effort to save the planet. Now they’re joined by one of the biggest tech companies in the world in their efforts to improve the energy efficiency of data centers, because Microsoft is getting into the liquid-immersion cooling market.
SaaS to support mid-sized companies’ financial planning with real-time data and native collaboration isn’t the sexiest startup pitch under the sun but it’s one that’s swiftly netted Abacum a bunch of notable backers — including Creandum, which is leading a $7M seed round that’s being announced today. The rosters of existing investors also participating in
China’s tech giants have had a rough time in Western markets over the last few years. Huawei and DJI have been hit by trade restrictions, while TikTok and WeChat are threatened with their apps being banned in the U.S. Overall, Chinese companies with an overseas footprint are increasingly wary of rising geopolitical tensions. But at
Mar.02 — Microsoft Corp. Technical Fellow Alex Kipman discusses Microsoft Mesh, a new mixed reality platform that allows users to work and play together virtually from any location by interacting with the same set of holograms on different devices. He speaks to Emily Chang on “Bloomberg Technology.”
Product-led growth is all the rage in the Valley these days, and we had two leading thinkers discuss how to incorporate it into a startup at TechCrunch Early Stage 2021. Tope Awotona is the CEO and founder of Calendly, which bootstrapped for much of its existence before raising $350 million at a $3 billion valuation
Realworld has a big vision — founder and CEO Genevieve Ryan Bellaire told me her goal is “simplifying adulthood.” And the New York startup has raised $3.4 million in seed funding to make it happen. Apparently that’s something Ballaire struggled with herself in her early twenties. Despite being a lawyer with an MBA, she said
ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week. The Indian social network said it has raised $502 million in a new financing round — Series E — led by Tiger Global that valued
Box gets some financial ammunition against an activist investor, Samsung launches the Galaxy SmartTag+ and we look at the history of CryptoPunks. This is your Daily Crunch for April 8, 2021. The big story: KKR invests $500M into Box Private equity firm KKR is making an investment into Box that should help the cloud content
There’s an “uber for everything” these days and now there are “Ubers for personal chefs”. Just take a look at PopTop or 100 Pleats for instance. Now in London, there is Yhangry (which brands itself as the appropriately shouty YHANGRY). This is a “private chef parties at home” website, and no doubt an app at
At first glance, Quiq and Snaps might sound like similar startups — they both help businesses talk to their customers via text messaging and other messaging apps. But Snaps CEO Christian Brucculeri said “there’s almost no overlap in what we do” and that the companies are “almost complete complements.” That’s why Quiq (based in Bozeman, Montana)
Howard Lerman, the co-founder and CEO of Yext, has a new startup called Wonder Inventions, which is officially launching its first product today — Dynascore. Let’s focus on Dynascore first. Lerman said he and his team created the product to solve the problem of the ever-growing demand for video content, which often relies on stock
Should you try to get your company into an accelerator? How far along should your idea and your team be before applying? When it is time to apply, how do you make your application stand out from hundreds or thousands of others? How fancy do you need to get with the application video? For answers,
TikTok today is doubling down on its roots as a music-backed creation app with the launch of a half dozen new music effects for creators. The effects, which offer interactivity, visualizations, animations and more, will roll out over the next few weeks, starting with the launch of Music Visualizer. This effect is now available to
Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value. The company plans to use the proceeds in what’s called a “dutch auction” style sale to buy back
Corporate training startup Attensi — which originally emerged out of Oslo, Norway — has raised $26 million from New York-based Lugard Road Capital, DX Ventures (a VC fund backed by Delivery Hero), and existing shareholder Viking Venture. The new funding will be used to expand in North America and Europe. Attensi uses a ‘gamified approach
Healthcare insurance, if you’re lucky to have it, only covers a subset of conditions in the United States. As a result, patients can often get burdened with horror story charges, like huge deductibles, out-of-network costs and expensive co-pays. So for the uninsured and insured alike, innovative ways of managing big bills are in high demand
While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to board the SPAC train, courtesy of Rotor Acquisition Corp. The deal could potentially value the robotic exoskeleton maker
Facebook’s internal R&D group, NPE Team, has today launched its latest experiment, Hotline, into public beta testing. The web-based application could be described as a mashup of Instagram Live and Clubhouse, as it allows creators to speak to an audience who can then ask questions through either text or audio. However, unlike Clubhouse, creators can
The longer we continue to work with either all or part of our teams in remote, out-of-physical-office environments, the more imperative it becomes for those teams to have some tools in place to keep the channels of communication and management open, and for the individuals in those teams to have a sense of how well
Meet Nabla, a French startup launching a new app today focused on women’s health. On Nabla, you’ll find several services that should all contribute to helping you stay on top of your health. In short, Nabla lets you chat with practitioners, offers community content, helps you centralize all your medical data and will soon offer
In 2019, Spotify began testing a hardware device for automobile owners it lovingly dubbed “Car Thing,” which allowed Spotify Premium users to play music and podcasts using voice commands that began with “Hey, Spotify.” Last year, Spotify began developing a similar voice integration into its mobile app. Now, access to the “Hey Spotify” voice feature
Mar.03 — A global shortage in semiconductors has hit supply chains and slowed down the production of everything from laptops, to games consoles and even cars. Bloomberg’s Ed Ludlow looks at what’s behind the lack of supply and what happens next.
Twitter held talks with Clubhouse around a potential acquisition of the live drop-in audio networking platform, with a deal value somewhere around $4 billion, according to a report from Bloomberg. TechCrunch has also confirmed the discussions took place from a source familiar with the conversations. While the talks occurred over the past several months, they’re
Plaid, a unicorn that helps connect consumers’ bank accounts to financial applications, has raised a $425 million Series D, it announced this morning. TechCrunch understands that the new capital infusion, led by Altimeter Capital, values the company at around $13.4 billion. It is not surprising that Plaid, a former takeover target for consumer credit giant
Pinterest today hosted an event focused on its creator community, where the company announced a series of updates including the launch of a $500,000 Creator Fund, a new content policy called the Creator Code, as well as new moderation tools, among other things. With the changes, the company says its goal is to ensure the
Okta today announced it was expanding its platform into a couple of new areas. Up to this point, the company has been known for its identity access management product, giving companies the ability to sign onto multiple cloud products with a single sign on. Today, the company is moving into two new areas: privileged access
The question of whether Facebook will face any regulatory sanction over the latest massive historical platform privacy fail to come to light remains unclear. But the timeline of the incident looks increasingly awkward for the tech giant. While it initially sought to play down the data breach revelations published by Business Insider at the weekend by
Trax’s co-founders, Joel Bar-El (left) and Dror Feldheim (right), and Trax’s CEO, Justin Behar (center) COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. The Singapore-based company announced today that it has raised $640 million in Series