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 Thursday, Crunchers! An agreement among a group of the nation’s largest banks to deposit some $30 billion with First Republic Bank could save its bacon, Christine reports, and over on TC+,
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PhonePe has raised another $200 million as part of an ongoing round, a deliberation that has now helped it pull $650 million in recent weeks despite the market slump, as the Indian fintech giant bulks up its war chest following the recent separation from the parent firm Flipkart. Walmart, which owns the majority of PhonePe,
Austria’s data protection authority has found that use of Meta’s tracking technologies violated EU data protection law as personal data was transferred to the US where the information was at risk from government surveillance. The finding flows from a swathe of complaints filed by European privacy rights group noyb, back in August 2020, which also
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
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
Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people — its first round of layoffs in 17 years, TechCrunch has learned from numerous sources. A spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a strategic effort to set
Sidechat, the anonymous posting platform that began blowing up last year on college campuses, appears to have acquired a rival anonymous social platform, Yik Yak. While you may recall Yik Yak’s troubles from earlier years, where bullying and harassment ultimately led to an ignominious exit in the form of an acqui-hire by Square, the gossip
The U.K. has become the latest jurisdiction to ban social video app TikTok from government devices, confirming reports that surfaced earlier this week. The ban follows a security review ordered by U.K. ministers looking to establish whether government data could be compromised from social networks installed on work devices. Indeed, the review did include other
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
YouTube has announced that it’s raising the price of its YouTube TV subscription to $72.99 per month. The new monthly price is an $8 increase from the current $64.99 monthly fee. New members will see the new price starting today, while existing members will see the price change starting on April 18. The Google-owned company
There’s a long-standing debate in the world of logistics robotics. On one side stand the greenfield folk, who insist that the best possible experience is one built from the ground up, with these automated systems at its core. Brownfield proponents, on the other hand, point to the time and money required for a full rebuild.
In the wake of the pandemic, more and more companies are relying on independent contractors to sustain and grow their businesses — and more people are turning to freelancing. According to a Fiverr poll, 45% of businesses are using more freelancers than before the pandemic. And Fiverr rival Upwork found that 39% of the U.S.
The World Economic Forum says that so-called ‘Scope 3 emissions,’ – or CO2 in supply chains – can make up as much as 90% of a company’s carbon footprint and worldwide more than half of all emissions can be traced back to only a handful of supply chains. Tracking and reducing these emissions are easier
Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned to make acquisitions to grow its transportation technology stack. Now, a piece of that strategy is falling into place: today the company is announcing its acquisition of Citymapper, the London startup that produces a popular
T-Mobile is acquiring Mint Mobile, the budget-friendly wireless provider partially owned by Ryan Reynolds, in a deal valued at up to $1.35 billion, the company announced on Wednesday. The move indicates that T-Mobile is looking to boost its prepaid offerings. In a blog post, T-Mobile said it reached a deal to acquire Ka’ena Corporation, the
Roku says its deposits with Silicon Valley Bank, totaling ~$487m or 26% of its cash and cash equivalents as of March 10, are ‘largely uninsured,’ according to statement. Kailey Leinz reports on a special edition of “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of
Walter Thompson Contributor Editorial Manager Walter Thompson edits staff and guest articles for TechCrunch+ and manages TechCrunch’s guest contributor program. Previously, he worked at a number of startups in various roles and as City Editor of Hoodline. He is the host of The Golden City, a podcast about San Francisco. More posts by this contributor
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops,
Deeploi, a Germany-based startup that is building an IT-as-a-Service platform, today announced that it has raised a €3 million seed funding round led by Berlin’s Cherry Ventures, with participation from a group of angels that includes the founders of Taktile, Moss, Vay and sennder. The company was founded by Julian Luebke and Philipp Hoffmann. Luebke
Sling TV announced the launch of three features yesterday that many March Madness fans will likely enjoy, including a new “Side View” feature that allows web users to watch games in a small screen overlay on top of whatever it is they’re doing, whether it be live tweeting the action or, perhaps, working on a
In another sign that the current VC appetite for AI is insatiable, Adept, a startup building AI that “enables humans and computers to work together creatively to solve problems,” yesterday announced that it raised $350 million in a Series B funding round co-led by General Catalyst and Spark Capital with participation from Addition, Greylock, Atlassian
Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets. The investment, an extension to last year’s round, helps the startup retain its $4.5 billion
U.K. Chancellor Jeremy Hunt went a small way toward addressing concerns over proposed research and development (R&D) tax credit cuts for small-and-medium sized enterprises (SMEs). But he stopped short of the u-turn some had hoped for following the Government’s Autumn Statement last November. Today’s announcement came as part of the U.K.’s Spring Budget, where Hunt
There’s no shortage of startups attempting to put drones to work. There is, however, a longstanding question around the efficacy of such plans. Drones — especially the smaller variety — are impressive pieces of technology, but their functionality is relatively limited. A small quadcopter probably isn’t going to prune your trees or walk your dog
Peacock released yesterday the official trailer for its upcoming original series, “Mrs. Davis,” a peculiar yet hilarious take on artificial intelligence and a nun (played by “G.L.O.W.” actress Betty Giplin) that wants to defeat it. (Or her?) The first four episodes of “Mrs. Davis” will premiere on April 20 and the other four episodes will
Dakotah Rice, the founder of investing platform Pollit, was sitting on his couch Thursday watching CNBC as he does every morning. Then, his phone started ringing — and didn’t stop. “I started getting texts and calls from my investors saying, ‘Look, you should move your money out of Silicon Valley Bank, something’s going on there,’”
Meal delivery services can save time, and typically money, but imagine getting a Michelin-star meal delivered to your home. Enter meal delivery startup Entrée. Jon Bell and Jason Weingarten launched in Chicago last July with a Michelin-trained culinary team — led by Alex Carnovale of The French Laundry — preparing restaurant-quality meals that are packaged
Medwing, a European startup building a recruitment marketplace for healthcare workers, has raised €44 million ($47 million) in a Series C round of funding. Founded out of Berlin in 2017, Medwing targets the healthcare industry in Germany and the U.K. with a platform designed to match hospitals and clinics with nurses and elderly caregivers, though
The Nest Protect is the single best piece of smart home hardware I’ve ever purchased. Not everything in your home would benefit from being connected, but smoke detectors really do. They go a long way toward providing peace of mind when you’re away from home. Hopefully you’ll never need it, but if you do, it
Although A24’s “Everything Everywhere All at Once” stole the show this year with seven Oscar wins, Netflix was close behind with six wins thanks to the German war movie “All Quiet on the Western Front” (4), an Indian documentary short film “The Elephant Whisperers” (1) and Guillermo Del Toro’s animated movie “Pinocchio” (1). If we
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