Startups

Brodmann17, an Israeli computer vision technology startup that developed a novel approach to take on a marketplace dominated by Mobileye, shut down this week. Brodmann17’s co-founder and CEO Adi Pinhas posted a message on LinkedIn announcing the move, stating that while the company would not be able to bring its products to the mass market

Ubie, a Tokyo-based startup providing an AI-powered symptom checker app and hospital SaaS products, has closed a $19 million extension to its previous Series C round. This brings the health tech startup’s total funding to $45.2 million in Series C. The extension round consists of 90% equity and 10% debt financing, according to the co-founder

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. Hello, Happy Thursday. There is a lot of news today, much of it posting as I write this — for example, the Federal Trade Commission is now suing to block Microsoft from

If you told me that a company that’s charging $70 per month for multivitamins would be able to raise a $10 million round, I’d demand to see the receipts, and I’d be very curious indeed to see its pitch deck. It looks like today is my lucky day! Rootine is the company, and the founders

Matt Barbieri Contributor Matt Barbieri is partner-in-charge, Media, Technology and Life Sciences at Wiss & Co. Many founders are reactive when business doesn’t go as planned. They may make knee-jerk reactions like: “If I lose 10% of revenue then I’ll just lay off five people.” The problem with such approaches is that they don’t always

If you thought that the recent venture capital market was tough, let me tell you about 2016, 2017, 2018, 2019 and 2020. With the first week of December under our belts, we’re not too far away from the end of the year. That means that 2022’s venture capital story has largely been written. It’s not

French startup Pickme has raised a $3.7 million (€3.5 million) funding round to build a new network of pick-up and drop-off points for e-commerce retailers and logistics companies. With Pickme, a customer can order something and let their neighbor receive the package directly. It’s something that many people already do but with a more formal

When a ship goes into a commercial port, there are lots of port call-related costs. These are called things like ‘disbursements’ and ‘port call expenses’. They can include, port dues, towage and pilotage fees, which, added together can represent are large swathe of operating costs, after fuel, for a ship operator. Most of the time,

In 2018, appliance conglomerate Bosch created a startup, Security and Safety Things (or “SAST” for short), whose stated mission was to develop a platform to help developers create software for AI-equipped cameras. SAST was to host a moderated, vetted “app store” for internet-connected cameras that would allow developers to build software on an open standard

It would be nice to say that we’ll miss SPACs. But as blank-check companies fade from our view, we have to say we really won’t. Many companies that went public via a SPAC, or special purpose acquisition company, have seen their valuations implode post-combination. The resulting public-market mess meant that regular investors, not merely the

The growing demand for AI, particularly generative AI (i.e., AI that generates images, text and more), is supercharging the AI inferencing chip market. Inferencing chips accelerate the AI inferencing process, which is where AI systems generate outputs (e.g., text, images, audio) based on what they learned while “training” on a specific set of data. AI

A good way to be wrong is to predict the future. A good way to be incredibly and embarrassingly wrong is to predict the future in a medium that is public and everlasting. With that in mind, welcome back to another episode of “TechCrunch Predicts.” As we did last year, TechCrunch’s Natasha Mascarenhas, Anna Heim and

Low- and no-code application building continues apace. Gently hum “Row row row your code, gently down the streams,” as we talk with the founder behind Rowy, the company that’s like Airtable on a lot of steroids or Excel on a lot of steroids and a couple of lines of illegal substances. Of course, low-code solutions

OneOrder, Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5million, including $6.5 million working capital financing from financial institutions. Launched in March this year, OneOrder makes it

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. With most startups getting repriced behind closed doors, we love getting data that gives us a glimpse of what’s going on. This week,

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. For the last time in 2022, the whole Friday gang got together to chat through the latest and greatest in the world of technology and startup news. From here on out, Equity is

We’re a month out from the next CES. TechCrunch is returning to Vegas for the first time in a few years and — as usual — we’re on the hunt for the most fascinating startups. Work for a startup showing off a cool new product at CES next month? Let us know by filling out

Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry.  The announcement came from the company’s blog on Thursday, posted by co-founder and CEO of Carousell

Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants. Niche local brands are also emerging to offer tailored beauty and skin

Earlier today, we talked with Phil Haslett, the cofounder and now chief strategy officer of EquityZen, a 10-year-old, New York-based secondary marketplace that connects accredited buyers with privately held company shares that their owners — including founders, employees, and VCs — are looking to sell. It’s a tough business to be running right now, competing

X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding.  This round caught our attention for a few reasons. For one, a consumer fintech raising in this environment is a bit counter to the narrative that startups in the space are generally

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. Heeeeeey! Couple of fun things we have in the pipeline at the moment… Did you know we’re looking for you and your expertise for our TechCrunch founder summit? Join us for a

DeHaat, a startup that offers a wide-range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. Sofina Ventures and Temasek co-led the Patna and Gurgaon-headquartered startup’s Series E funding, it said,

Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and follows similar news from DoorDash that it was also cutting staff. News that Kraken is cutting staff — and therefore costs — is not a surprise, given a generally gloomy macroeconomic climate and even worse climes

Plenty of companies that launched during downturns went on to be phenomenally successful. During the Great Depression, Stanford grads David Packard and William Hewlett famously set up shop in a Palo Alto garage. Microsoft was founded as the U.S. was recovering from a years-long oil embargo that hobbled the economy. Slack, Airbnb, Uber and Square

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. Oh hey! While we have you here, grab your calendar — we’ve got some things for you to add. For the stargazers among us, we’ll be in Los Angeles doing TC Sessions:

When Covid shut down much of the world down in 2020, it ended up wreaking havoc on the supply chain. Suddenly companies built for just-in-time production couldn’t find parts they needed to build their products. Even as Covid subsided, the supply chain woes continued. Veterans of supply management like the founder of startup Amplio watched,

On November 22, alternative financing startup Pipe announced that its three co-founders were stepping down from their executive roles and that a search for a new, “veteran” CEO had commenced. In an exclusive interview, co-founder and former co-CEO Harry Hurst told TechCrunch that the trio were “0-1 builders, not at-scale operators.” He said the company’s

If it seems like Post News launched overnight, that’s because it kind of did. Unlike Mastodon, Hive Social, or other existing social networks being flooded with dissatisfied Twitter users, Post News emerged two weeks ago. The platform was rushed into a live beta, since its team wanted to go public in a time when the

Henry Shapiro Contributor Henry Shapiro is the co-founder of Reclaim.ai, an intelligent calendar assistant platform used daily by over 14,000 companies. Prior to founding Reclaim, Henry led product and marketing at New Relic. More posts by this contributor 3 lessons we learned after raising $6.3M from 50 investors As a startup founder, you have no