It’s difficult to build high-growth clean tech companies using venture capital: Despoiling the planet has a much higher return on investment than saving it. Twenty years ago, there were high hopes for companies aiming to mitigate environmental impacts, but an extended recession, China’s dominance over solar power manufacturing and low natural gas prices were just
Enterprise
NordVPN, one of the most popular VPN providers, is the latest to confirm that it will be removing its servers in India ahead of the nation enforcing new strict guidelines later this month. The Lithuania-based firm, which counts General Catalyst and Novator among its backers and is valued at $1.6 billion, said on Tuesday that
Many people have plenty of online subscriptions that they barely use, and can save a fair amount of money with a service like Truebill to see all their recurring payments in one place. Spendflo wants to do the same for enterprise subscribers of SaaS services, and is targeted toward chief financial officers and finance leadership
Though the iPad was a huge hit from the beginning based on its user-friendly interface and single-application focus, it had begun feeling a bit stale for those who hunger for more depth. Long one of the world’s lightest and most powerful medium format computers, the lag between what kind of work it was capable of
Magic Spoon, the maker of better-for-you cereals, secured $85 million in Series B funding as three of its brands make the jump from direct-to-consumer-only offerings to Target store shelves for the first time. HighPost Capital led the new round, which brings Magic Spoon’s total funding to date to $100 million. HighPost is joined by Siddhi
Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap, and transfers between accounts in a move that has sparked discussions and has prompted the price of the firm’s token to take a 60% tumble in the past one hour to 19 cents. “We are taking this
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Greetings from Austin, Texas, where the temps have been over 100 degrees for days now and we’re trying hard just not to melt. The global funding boom in 2021 was unlike anything most of us
Hi, friends! Welcome back to Week In Review, the newsletter where we recap some of the top stories to cross TechCrunch dot com this week. The most read story this week was . . . well, everything that came out of Apple’s annual Worldwide Developer Conference. Apple tends to dominate the news cycle during WWDC,
Technology built with defense in mind is getting some significant and serious traction at the moment, spurred by world events, advances in technology and a growing appetite from end users to invest in more innovative ways to protect themselves. In the latest development, Shield AI — which makes software and hardware for drones and other
Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel and Gaingels. Co-founder and CEO Kyle Mack said that the new capital will enable Middesk to triple its headcount to
Hybrid Cloud Up Time (HYCU), a self-described “backup-as-a-service” company for customers managing hybrid and multicloud environments, today announced that it raised $53 million in a “majority equity” Series B round led by Acrew Capital with participation from Bain Capital Ventures, Atlassian Ventures and Cisco Investments. In an email interview with TechCrunch, CEO Simon Taylor said
Mike Tong Contributor Mike Tong has over a decade of experience leading GTM strategy and operations for tech and data companies as part of McKinsey TMT, AtSpoke, Splunk and the VC firm B Capital. In 2019, I led the sales team and growth strategy for a venture-backed AI company called atSpoke. The company, which Okta
Roughly a year ago, Google announced the launch of Vertex AI, a managed AI platform designed to help companies to accelerate the deployment of AI models. To mark the service’s anniversary and the kickoff of Google’s Applied ML Summit, Google this morning announced new features heading to Vertex, including a dedicated server for AI system
Earlier this year, the news of multi-factor authentication attacks began to surface. MFA is supposed to be a technique to limit attacks. If someone gets hold of a password, an MFA request usually prevents them from getting any further, but this year’s attacks showed that even MFA can be vulnerable under the right circumstances. Xage
The founders of DigitalBrain have quite a back story, a pair of immigrants living in a hacker house in San Francisco, the two paid bills for a time by competing at hackathons and winning. When they came up with an idea for a business called DigitalBrain, they were able to get into Y Combinator in
Continual, a startup that focuses on simplifying operational AI on top of a modern data stack, today announced that it has raised a $14.5 million Series A funding round led by Innovation Endeavors. In addition, the company today announced that its cloud platform is now generally available. The company, which focuses its AI efforts on
TestBox, an early stage startup, has a goal of making it easier to test software you want to purchase in your own environment. What’s more, it comes pre-populated with synthetic data that is similar to yours. Today, the company announced a $10 million seed round to continue building the solution. For now, the company is
GitHub today announced that it will sunset Atom, the text editor for software development that the company introduced in 2011. In a blog post, GitHub said that it will archive the Atom repository and all other repositories remaining in the Atom organization on December 15, 2022. Atom served as the foundation for the Electron framework,
The demand for AI in the enterprise is insatiable, but the challenge lies in building the support infrastructure and its development and maintenance. A 2020 IDC survey found that a shortage of data to train AI and low-quality data remain major barriers to implementing it, along with data security, governance, performance and latency issues. In
Best known for its open source microcontrollers that have been wildly embraced by the developer community, Arduino now has its sights firmly set on the enterprise world. Specifically, the company believes it’s well positioned to gain a foothold among Gen Z and millennial engineers in the work force. Certainly the company’s ubiquity in the maker
Product-led companies twice as likely as sales-led peers to grow more than 100% YOY, new report shows Anna Heim 7 hours Should SaaS companies contact as many of their users as they can in hopes of converting them from free to paid? Best-in-class companies don’t, a new survey-based report found. According to OpenView’s third annual
Opal, a platform that decentralizes access management for enterprise customers, today announced that it raised $10 million in a Series A funding round led by Greylock. CEO Stephen Cobbe says that the proceeds will be put toward product development and expanding the size of Opal’s 25-person team. It’s Cobbe’s assertion that companies give out too
Agrotools, a Brazilian-based technology and intelligence company for agribusiness, raised $21 million (BRL 100 million) to value the company at around $94 million, according to the company. Investors in the round include Horácio Lafer Piva (Klabin), Pedro Paulo Campos (JP Morgan, Pátria and Arsenal), Fátima Marques (Hay Group/Korn Ferry), Paulo Hegler (Toledo), Olivier Murguet (Nissan-Renault),
It’s the belief of some analysts that the market for robotic process automation, which leverages AI to automate certain software tasks, is headed toward consolidation. A recent Forrester Research report predicts that the segment will start to flatten as soon as 2023 as companies shift to broader automation solutions. There’s evidence to support this. UiPath,
What public cloud software companies get rewarded for has changed, report shows Alex Wilhelm Anna Heim 3 days Rational or not, public markets are where consensus gets formed on how much listed companies are worth, impacting the value of private companies in the process. But in a downturn, such as the one everyone suddenly agreed
When LaunchNotes founders, Jake Brereton and Tyler Davis were working together at Atlassian, they noticed that it was often difficult to communicate changes from the development teams to product teams and other internal and external audiences. The company had a couple of big announcements today around funding and a new platform approach. The internal teams
If you’re a regular reader of the tech and business press, it’s been painting a pretty gloomy economic picture recently, with a tendency to accentuate the negative. There’s inflation and layoffs and supply chain problems, oh my! None of that seems to be affecting Salesforce though, which just had itself a fine quarter along with
Amazon today announced that Dave Clark, CEO of the company’s worldwide consumer division, will step down after 23 years in the position. In a note to leadership, Amazon CEO Andy Jassy said that Clark’s last day in the office will be July 1. “[W]e still have more work in front of us to get to
All startups must grow, but as markets contract, conserving resources is a higher short-term priority. Crypto exchange Coinbase is in the headlines this morning after news broke that it is rescinding some candidates’ outstanding job offers. Yesterday, we reported that IRL, a social app, was laying off 25% of its staff a year after raising
Saket Modi Contributor Saket Modi is the co-founder and CEO of Safe Security, a cybersecurity and digital business risk quantification platform company. Today’s cybersecurity landscape requires an agile and data-driven risk management strategy to deal with the ever-expanding third-party attack surface. When a business outsources services by sharing data and network access, it inherits the
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