It’s too early to determine whether SVB’s downfall heralds a new era for venture capital, but based on anecdotal evidence, off-the-record discussions and chats with co-workers, it seems like we’re back to business as usual as far as pre-revenue startup fundraising is concerned. Not a scientific sampling, but I noticed that several investors signaled this
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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 Friday Crunch! There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the
Green Li-ion says its battery recycling machines are the “size of a small house,” so it’s no wonder the Singapore-based startup needed to top up on funds. It’d only raised about $15 million ahead of its latest cash infusion. This week, Green Li-ion announced a $20.5 million “pre-Series B” round led by climate-tech investor TRIREC.
BlaBlaCar has announced that it plans to acquire Klaxit, a smaller French startup. Klaxit is a carpooling service so that you don’t have to drive your car to work every day. BlaBlaCar has its own commuting service called BlaBlaCar Daily. Klaxit will complement this service after the acquisition closes. BlaBlaCar is better known for its
For many people around the world, braille is their primary language for reading books and articles, and digital braille readers are an important part of that. The newest and fanciest yet is the Monarch, a multipurpose device that uses the startup Dot’s tactile display technology. The Monarch is a collaboration between HumanWare and the American
U.S. employees at Bandcamp, an online audio distributor, have announced their formation of a union. Last year, the platform was acquired by Epic Games, the multibillion-dollar company behind games like Fortnite and the Unreal gaming engine. According to the union, known as Bandcamp United, a super-majority of workers are in favor of forming a union.
Nonprofit FORGE is bringing ‘nearshoring’ to US startups Haje Jan Kamps 8 hours There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the United States. But it turns out that it’s possible to manufacture closer to
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Today, we’re celebrating Equity’s 6th birthday! Thankfully, it fell during the easiest, slowest news cycle we’ve had since the beginning of the grocery delivery wars and WeWork. Just kidding. Alex and Natasha
The rise of ChatGPT has fueled growth in the public awareness of AI, as well as the growing discourse around AI ethics. How should AI be used? What are its implications for society, not just business? The inherent bias within AI applications — remember, it’s not just how the algorithm is built and by whom,
“Nobody does creature work the way Wētā does,” Craig Mazin, co-creator of HBO’s “The Last of Us,” said in the official podcast for the video game adaptation series. If you’d had a chance to watch the bloater scene from episode five, then you most likely agree with him. It makes sense that HBO approached Wētā
Tribe Capital Co-Founder Arjun Sethi joins Caroline Hyde and Ed Ludlow to discuss the fallout from the collapse of Silicon Valley Bank and why, like other Venture firms, Tribe Capital advised its portfolio companies to move some, if not all, of their balances from SVB. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:
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+,
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
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