FalconX Head of Institutional Coverage Aya Kantorovich speaks with Emily Chang about cryptocurrency markets and the implications of algorithmic stablecoins like Terra dropping below its peg value.
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Hey Jane, a digital health startup that scales access to abortion pills, makes sense. It’s a direct-to-consumer pharmacy that aims to meet consumers where they are, which is especially important as the
While stocks looked for a comeback on Friday after another torrid week of selloffs, it’s a fact that software valuations are testing new levels of price depression. There’s widespread damage as a result of all of those red charts plummeting down and to the right: The decline in the value of public software companies has
Startup Carbon Clean announced earlier this week that it raised $150 million in a Series C that provides it with a sizable war chest to continue the development of its modular carbon capture system. Carbon Clean has won its share of admirers, most recently Chevron, which led the round, and BloombergNEF, which named it a BNEF
Attention mobility startups, professionals, investors and enthusiasts! You have just 48 hours remaining to save $200 on TC Sessions: Mobility 2022, our first in-person mobility event since 2019. The event takes place on May 18-19 in San Mateo, California with online analyst commentary on May 20. It’s the must-see mobility event of the year, and
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week here. Embedded below is the latest
Twitter’s new CEO Parag Agrawal has largely remained silent through the company’s ongoing rollercoaster ride, even as its likely future owner Elon Musk continues to very much do the opposite. But Agrawal finally broke his silence following an especially tumultuous week at the company, which saw him oust two key executives, Twitter’s head of product
When it comes to commerce innovation, physical retail often feels like it gets the short end of the development stick against newer, faster-growing, more quantifiable (and still far from perfect) digital channels. But physical retail is far from disappearing altogether, and today a company that’s built a solution very specifically targeted at improving data around
Google today announced that its Chrome browser will now offer users the ability to use a virtual credit card number in online payment forms on the web. These virtual card numbers allow you to keep your ‘real’ credit card number safe when you buy something online since they can be easily revoked if a merchant’s
Amazon Web Services CEO Adam Selipsky says cloud adoption is still in the early stages. Speaking with Emily Chang on “Bloomberg Markets: The Close,” he also discusses AWS’s strategy going forward.
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Friday the 13th, and I hope nothing nefarious happened to you today. At least the weekend is here! At the very least, you can catch up on the latest Terraform Labs
Because no one parties harder than I do, I spent a portion of my week reading through Coinbase’s investor call after its earnings report. The U.S. crypto exchange pulls in some questions from non-analysts during its chats, which makes for a slightly more entertaining set of prompts and responses. You can read it all here.
Twitter is testing a new “Liked by Author” label that appears when the creator of a tweet likes your reply. A reporter on the TechCrunch team spotted the new label in the Twitter Android app. A spokesperson from Twitter confirmed to TechCrunch that the company has been testing different labels to help give people context
Almost exactly a year ago, we interviewed Revel founder and CEO Frank Reig when it was on the cusp of expanding into multiple business lines beyond its original scope of providing shared electric mopeds. Today, we’re taking a second look to see how far the startup has come, and the distance it has to cover
Software apps are increasingly cloud-based, distributed, and updated at a breakneck pace. They’re growing more complex, in other words, which is becoming a major challenge for dev teams. A survey from Enterprise Strategy Group commissioned by Yotascale — which isn’t an impartial vendor, granted (if there is such a thing) — found that 84% of
While (former) startups like Lemonade came along to attack the tired world of insurance, the travel insurance market is now coming in for the same treatment from the likes of Safetywing (covered by TC here) and Battleface. In an ideal world, travel insurance would be easier to understand, would pay out quickly when things go wrong,
At its I/O developer conference, Google today launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, digital IDs, transit passes, concert tickets, vaccination cards and more. That’s pretty straightforward, but from here on out, it gets a bit confusing. Google, after all,
The ongoing market correction and the cratering of several leading crypto tokens are erasing wealth so quickly, you can almost hear it. Companies in other industries are on a hiring spree, but startups like Robinhood, Better.com and Peloton are laying off thousands as FAANG companies slow down their recruiting and look for places to save
Inflection AI, the machine learning startup headed by LinkedIn co-founder Reid Hoffman and founding DeepMind member Mustafa Suleyman, has secured $225 million in equity financing, according to a filing with the U.S. Securities and Exchange Commission. The source of the capital isn’t yet clear — Inflection didn’t immediately respond to a request for more information
Twitter staff must really be wishing for a quiet life… Elon Musk, the gadfly billionaire who recently decided he wants to add the social media platform to his collection of tech firms, has just tweeted that his $43BN bid to buy the company is “on hold pending details supporting calculation that spam/fake accounts do indeed
It appears battery startup SES’ investors are quite happy with its first earnings report. The company went public in February via a SPAC merger, and to no one’s surprise, reported a loss. And its investors don’t seem to mind. Its shares, while still trading below its SPAC merger price, were up 16.7% at $6.15 at the
Zoom swung for the fences last summer when its stock value was soaring, offering almost $15 billion to buy Five9 to get into customer service. Eventually the deal fell apart when the stock price plunged, but Zoom’s desire to get into customer service, one way or the other didn’t diminish. Earlier this year, the company
With Elon Musk’s recent interest in Twitter, Facebook’s growth flattening, and TikTok’s meteoric rise, it feels like the world of social media is back into some kind of inflection point period. Consumers seem hungry to try out new platforms again, and entrepreneurs are delivering. Last year the Supernova app launched as a ‘ethical alternative to
It’s neither surprising, nor necessarily new scuttlebutt, but one of the most reliable Apple news scoopers of all time has chimed in to say that Apple is indeed at least serious enough about a potential switch from Lightning to USB-C on future iPhones that it’s doing testing with models equipped with the latter connector. Bloomberg’s
As wind energy gains ground in the U.S., SkySpecs is using drones and AI to detect future equipment failures before they grind those giant turbine blades to a halt. The company, which works with wind farms to monitor the health of turbine blades from above, has locked down a fresh $80 million Series D round
If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. The latest such company in Latin America is São Paulo-based Dock, which
The customer experience is one of the most important focus areas for businesses. According to PwC, among all customers, 73% point to experience as an important factor in their purchasing decisions, behind price and product quality. But the pandemic increased the workload of support teams, making it more difficult to hire customer service agents and
Cryptocurrency startup BVNK (pronounced ‘bee-vee-en-kay’) has closed a $40 million Series A funding round at a $340 million post-money valuation. Interestingly, Tiger Global is leading the round despite being in the news because they’ve experienced a $17 billion loss during this year’s tech stock sell-off. Other investors in today’s funding round include The Raba Partnership,
A long, long time ago, before the iPod, MP3 players were badly designed devices with insufficient storage. The market was ripe for a change, and Steve Jobs, who had returned to Apple four years prior, was ready to give it to us. On October 23, 2001 the company released its first music player with a
Bubbles, a startup that pitches its platform as the “anti-Zoom” for video messaging, today announced that it closed a $8.5 million funding round led by Khosla Ventures, Craft Ventures, Streamlined Ventures, 468 Ventures, and Bain Capital. Co-founder and CEO Tom Medema said that the money will be used to further develop Bubbles’ platform while ramping