Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re adding a few names to the $100 million annual recurring revenue (ARR) club. The new entrants come after we kicked off 2020 with a previous four new members. So far in January, we’ve
New Delhi is inching closer to recommending regulations that would require social media companies and instant messaging app providers to help law enforcement agencies identify users who have posted content — or sent messages — it deems questionable, two people familiar with the matter told TechCrunch. India will submit the suggested change to the local
Finding the right product/market fit is challenging for any company, but it’s just a little harder for hardware startups. I recently visited the San Francisco offices of Nebia to chat with co-founder and CEO Philip Winter, whose eco-friendly hardware startup has received funding from Apple CEO Tim Cook, former Google CEO Eric Schmidt and Fitbit
Front is raising a $59 million Series C funding round. Interestingly, the startup hasn’t raised with a traditional VC firm leading the round. A handful of super business angels are investing directly in the productivity startup and leading the round. Business angels include Atlassian co-founder and co-CEO Mike Cannon-Brookes, Atlassian President Jay Simons, Okta co-founder
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Introducing ‘Dear Sophie,’ an advice column
Farming is one of the oldest professions, but today those amber waves of grain (and soy) are a test bed for sophisticated robotic solutions to problems farmers have had for millennia. Learn about the cutting edge (sometimes literally) of agricultural robots at TC Sessions: Robotics+AI on March 3 with the founders of Traptic, Pyka, and
Octi has created a new social network that uses augmented reality to connect the act of seeing your friends in real life with viewing digital content like their favorite YouTube videos and Spotify songs. When I wrote about the startup in 2018, it was building AR technology that could do a better job of recognizing
Phones were not the centerpiece at the recently wrapped Consumer Electronics Show; I’ll probably repeat this point a few more times over the course of this piece, just so we’re clear. This is due, in no small part, to the fact that Mobile World Congress has mostly usurped that role. There are always a smattering
Jolt, an education startup that describes itself as an alternative to traditional MBA courses, has raised $14.1 million in Series A funding. The round is led by Balderton Capital, with participation from Hillsven Capital and Octopus Ventures. It brings Jolt’s total funding to $23.3 million in three years. The company plans to use the additional
Skyqraft, a Swedish startup using AI and drones for electricity power-line inspection, has picked up $505,000 in early backing. Leading the round is “startup generator” and investor Antler, with participation from a number of angels including Claes Ekström and Tomas Kåberger. Founded in March 2019 and launched that September, Skyqraft provides what it calls “smart”
Two co-founders of Google Pay in India are building a neo-banking platform in the country — and they have already secured backing from three top VC funds. Sujith Narayanan, a veteran payments executive who co-founded Google Pay in India (formerly known as Google Tez), said on Monday that his startup, epiFi, has raised $13.2 million
We got a bit of a surprise at the end of CES: some hands-on time with Samsung’s latest rugged phone for the enterprise, the Galaxy XCover Pro. The XCover Pro, which is officially launching today, is a mid-range $499 phone for first-line workers like flight attendants, construction workers or nurses. It is meant to be
Lime is hoping to achieve profitability this year by laying off about 14% of its workforce and ceasing operations in 12 markets, Axios first reported. “Financial independence is our goal for 2020, and we are confident that Lime will be the first next-generation mobility company to reach profitability,” Lime CEO Brad Bao said in a
Every year, Consumer Electronics Show attendees receive a branded backpack, but this year’s edition was special; made out of transparent plastic, the bag’s contents were visible without the wearer needing to unzip. It isn’t just a fashion decision. Over the years, security has become more intense and cumbersome, but attendees with transparent backpacks didn’t have
This week we’ve covered layoffs at unicorns both inside the Vision Fund and out. This afternoon we add two more to our list: Oyo and Rappi. The staff reductions are surprising — and not. They are surprising, as Oyo (India-based, low-cost hotels) and Rappi (Latin America-focused e-commerce) were bright lights in the Vision Fund’s crown.
This week, Sisense, a player in the business intelligence space, announced a $100 million investment. As TechCrunch reported, the round pushed the company’s valuation north of the $1 billion mark, making Sisense the world’s newest unicorn. That moniker will last a day, we’re sure. TechCrunch caught up with Sisense CEO Amir Orad and CMO Harry
A cannabis company won a CES award for 2020. Called Keep, the desktop storage device features biometric security to secure cannabis products, and looks good while doing it. The CTA gave them an Innovations Award Nominee in October and then weeks later told the company they were unable to use the word “cannabis” when exhibiting.
E-commerce phenom and D2C bright light Casper has filed to go public. The New York-based company that raised nearly $340 million while private, according to Crunchbase data, expects to trade on the New York Stock Exchange under the ticker symbol “CSPR.” Its S-1 filing includes a $100 million placeholder figure for its possible capital raise.
Google has announced which search engines have won an auction process it has devised for an Android “choice screen” — as its response to an antitrust intervention by the region’s competition regulator. The prompt is shown to users of Android smartphones in the European Union as they set up a device, asking them to choose
Assa Abloy, the world’s largest lock maker and the parent company of August Home and Yale, announced some new products at CES this week. The company didn’t talk about doorbell cameras at all — it could be related to recent Ring’s controversies. As a well-known brand when it comes to smart lock in the U.S.,
TikTok has spawned countless memes formats from its creative effects, challenging Instagram for the filtered video crown. Now nearly five years after launching Boomerang, Instagram’s back-and-forth video loop maker is finally getting a big update to its own editing options. Users around the globe can now add SlowMo, “Echo” blurring, and “Duo” rapid rewind special
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had TechCrunch’s Alex Wilhelm and Danny Crichton on hand to dig into the news, with Chris Gates on the dials and more news than we could possibly cram into 30 minutes. So we went
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted EBITDA, or something close to it. That’s the message from scooter unicorn Lime, which announced this week that it was cutting about 14% of
Most cookie consent pop-ups served to Internet users in the European Union — ostensibly seeking permission to track people’s web activity — are likely to be flouting regional privacy laws, a new study by researchers at MIT, UCL and Aarhus University suggests. “The results of our empirical survey of CMPs [consent management platforms] today illustrates
Cherry has long been the de facto standard for mechanical keyboard switches. Since mechanical keyboards are, almost by default, significantly more expensive than membrane or dome-switch keyboards, that has kept the company out a large part of the market. Now, on the last day of CES 2020, the company is launching its new Viola switch,
PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor aggressively expands its financial services offering. The Prosus-owned payments giant said on Friday that it will pump $200 million — $65 million of
Scoodle, a U.K.-based startup that, in its own words, wants to help tutors become influencers, is disclosing $760,000 in pre-seed funding. Backing the round is Twitter co-founder Biz Stone, alongside Tiny VC, IFG Ventures and a number of unnamed angels. Scoodle is also the first edtech company to join the University of Oxford’s accelerator, Oxford
It’s 2020 — a key election year in the U.S. — and Facebook is doubling down on its policy of letting people pay it to fuck around with democracy. Despite trenchant criticism — including from U.S. lawmakers accusing Facebook’s CEO to his face of damaging American democracy — the company is digging in, announcing as
Just Spices, the German-founded spice mix brand, is disclosing €13 million in Series B funding. The round is led by Five Seasons Ventures and Coefficient Capital, with Bitburger Ventures also joining. A direct to consumer play, Just Spices offers two main product lines: Spice Mixes and “IN MINUTES”. The first consists of various spice blends,
OrCam is expanding its product lineup with new devices that tackle new use cases. OrCam’s best-known device is the OrCam MyEye 2 — a tiny device for people with visual impairment that you clip on your glasses to help you navigate the world around you. At CES, OrCam announced that the MyEye 2 is getting