Some of Silicon Valley Bank’s customers are struggling to transfer funds out of their bank accounts, numerous sources tell TechCrunch. The seeming wave of attempted withdrawals comes after SVB announced yesterday that it lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates.
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Social music streaming startup Stationhead announced today that it’s launching a new live commerce tool that allows select artists and hosts to sell digital tracks to fans during livestreaming parties on their stations. The startup says artists including BlackPink, Niall Horan, TXT and 5 Seconds of Summer have already used the feature during live release
It’s not every day that banking news is the big story in the startup world, but here we are. Yesterday the previously crypto-friendly Silvergate Bank announced that it would “wind down operations and voluntarily liquidate” itself. The company’s stock had been under massive pressure in recent months, exacerbated by a note from the bank on
Welcome to our 40th Pitch Deck Teardown! Goodness, time flies. Of those 40, just three were angel rounds, so today, we’ll take apart the angel deck of MiO Marketplace, a platform for media publishers and buyers. The company raised $550,000 at a $3.6 million pre-money valuation. Breakdown of the pitch deck teardowns to date. Image
QuantWare, the Dutch startup that builds quantum processors for research and commercial usage, today announced that it has raised a €6 million seed round (that’s about $6.33 million) led by Dutch deep tech investor Forward.One, with participation from QDNL Participations and Graduate Entrepreneur, among others. The company says it will use this new funding to
Drone delivery is one of those ideas that’s been sold as “the next big thing” forever. Regardless of how bullish you happen to be on the technology, there’s undeniably a lot that has to be figured out before we can start having serious conversation about mainstream adoption. Regulator issues are a big box to be
Roku devices are getting an upgrade. The company announced today a series of updates coming to its media streamers and TVs with the new version of its software, Roku OS 12. The updates, which will focus on areas like live TV and sports, among other things, will also be accompanied by a revamp of the
Digital mortgage lender Better.com’s SPAC deal with Aurora Acquisition Corp. recently got a new lease on life, extending its timeframe to close the transaction through the end of Q3 2023. Without the extension the transaction would have had to close by today. Further investigation has turned up an interesting fact in the interim: Even if
Using data to make better decisions faster helps startups in the crowded SaaS space improve product development, identify hidden market opportunities and complete work with fewer false steps, important priorities as these startups seek out a piece of the booming SaaS market, projected to increase by 19.7% over the next six years. A Singapore- and
Brussels-based startup Cowboy has been in the news lately for its cash burn rate. But the company wants to control its narrative again with some product and business news. Cowboy is launching a new feature called ‘AdaptivePower’, which automatically adjusts the power of the motor depending on the current slope and weather conditions. Cowboy’s electric
Starting today, Netflix is giving TV users the option to customize the size and style of subtitles and closed captions. This update gives subscribers the ability to choose from three sizes — small, medium and large — as well as four styles/colors which include the default white text option, drop shadow (white text with black
Bloomberg’s Ed Ludlow recaps the day’s tech news: Inflection AI seeks funding, Reid Hoffman steps down from OpenAI’s board, and Gwyneth Paltrow’s VC firm is raising $75 million for its debut fund. ——– 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
A steady stream of new startups pitch their ideas, concepts, products and services on a daily basis to TechCrunch reporters: Startups that claim to predict when employees might want to leave for a new job; that think they can detect depression using someone’s voice; that experiment by using chatbots on patients with depression; that scrape
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Happy International Women’s Day! Did you know that the holiday was adopted by the UN 46 years ago? We read the Wikipedia article about IWD, and learned stuff. Try it — you
Turns out the UK government, under current prime minister Rishi Sunak, is not replacing the GDPR, as Michelle Donelan, his secretary of state for science, innovation and technology, implied last October — when as a fresh-in-post digital secretary under a different PM, she paused the flagship data protection reform, saying the government wanted to rethink its
Among the wave of Spotify announcements coming out of today’s Spotify Stream On event, the company shared some exciting news with podcast listeners — in particular, Batman fans. Spotify is launching a new podcast series “The Riddler: Secrets in the Dark,” starring comedian-actor Hasan Minhaj as The Riddler. As part of Spotify’s exclusive multiyear partnership
Thousand Faces, a web3 community-based investment group, hosted its demo day on Wednesday with the top 10 startups from its Female Founder Accelerator program. The demo day coincided with International Women’s Day and featured women-led businesses focused on sustainable development goals (SDGs). The accelerator program’s first cohort accepted 30 startups from a pool of over
The tools of modern cinema have become increasingly accessible to independent and even amateur filmmakers, but realistic CG characters (like them or not) have remained the province of big-budget projects. Wonder Dynamics aims to change that with a platform that lets creators literally drag and drop a CG character into any scene as if it
TikTok is doubling down on its European charm offensive today as it looks to counter a rising tide of political discontent with the popular short-form video-hosting platform. A new program called Project Clover will serve to create “a secure enclave for European TikTok user data,” wrote Theo Bertram, TikTok’s European VP of government relations and
Ring just launched its first doorbell in two years. The $180 Battery Doorbell Plus brings head-to-toe video and improved resolution to the Amazon brand’s lineup. The smart home accessory features a 150×150-degree view that allows you to see a visitor’s entire body. The company says the Doorbell Plus has the highest resolution of any of its
At Spotify’s Stream On event today, the company introduced new tools to help artists on the streaming service build an audience and grow. Spotify showcased a suite of tools to help artists find fans who would enjoy their music the most, and also announced new features designed to create buzz around their content, merchandise and
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. CB Insights recently found that two of the
Meet Elyn, a new French startup that recently raised a $2.7 million (€2.5 million) pre-seed funding round led by Headline and Sequoia Arc. The company wants to offer some flexibility when it comes to e-commerce online payments. Instead of paying for items before they are even shipped, Elyn lets customers try before you buy something.
La Famiglia, a Berlin-based VC fund (no, not the Mafia organization, in case there is any confusion) has raised €250 million for its combined third seed fund (which is €165 million) and its first growth co-investment fund (€90 million). The fund has a vertical focus on ML and AI, data, logistics, and supply chains, consumerization
The reMarkable 2 is a great tablet for reading long documents on, annotating them, taking notes, sketching… but not for full-on writing. At least, it wasn’t until they put out this great keyboard folio that converts this tablet into a pretty compelling minimalist writing station — if you don’t mind a slightly premium price. The
Hotstar will lose HBO content at the end of this month in the latest setback for the Disney-owned on-demand video streaming giant that recently also lost rights for a popular cricket tournament in the country. HBO’s catalog — shows such as Succession, The Last of Us, Curb Your Enthusiasm, Game of Thrones, Industry, Watchmen, The
Elon Musk walked into Twitter’s headquarters on Wednesday carrying a kitchen sink. He posted the video to his own Twitter account. He changed the profile description to read “Chief Twit.” Musk is expected to close the deal to buy Twitter by 5 p.m. New York time Friday. Ed Ludlow reports on “Bloomberg Technology.”
Welcome back to Found, where we get the stories behind the startups. This week Darrell and Becca are joined by Matt Rogers, the founder and CEO of Mill, a startup that helps its customers turn their food scraps into farm feed. The former founder of Nest talked about what compelled him to jump back into
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hellooooo, Crunchers! We’re back for another round of tech news from your very favorite news site. It’s been a busy news day, and Haje is on deadline trying to finish this week’s
Local governments in the southwestern U.S. are putting up $150,000 to back what they say is a pioneering effort to “turn air into concrete at scale.” The funds will help cover the cost of the “reference project,” a collaboration between two climate tech startups and a masonry firm in Flagstaff, Arizona. The firms expect construction
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