French startup Roundtable has raised a $3.2 million (€3 million) funding round from a hundred business angels. That’s quite a large group of individual investors — but that’s because Roundtable runs an angel investment platform for European startups. Backed by eFounders, the company takes care of the administrative, legal and financial processes involved with startup
Organizations dealing with large amounts of data often struggle to ensure that data remains high-quality. According to a survey from Great Expectations, which creates open source tools for data testing, 77% of companies have data quality issues and 91% believe that it’s impacting their performance. In light of that, unsurprisingly, business has been quite healthy
Wingtra’s drones are used to perform surveying missions by organizations around the world, including NASA and the Army Corps of Engineers. Now the startup is mapping out a new expansion strategy after landing $22 million in Series B funding, which it will use to improve its current tech and add new features. “Our product roadmap
India will not tolerate use of abusive language in movies and TV shows on on-demand video streaming services, a key minister has warned in a move that illustrates how the nation’s IT rules have “handed over direct ministerial power for censorship.” Anurag Thakur, Union Minister of Information Broadcasting and Sports and Youth Affairs, said at
T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider partly owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline
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. 🚚 Trucking is a vital industry and yet the majority of operations are operating on outdated platforms. AtoB thinks it has the solution and its co-founder says the company is essentially Stripe
Duolingo, a language learning app with over 500 million users, is working on a music app, TechCrunch has learned. The Pittsburgh-based tech company currently has a small team working on a music product and is hiring a learning scientist who is an “expert in music education who combines both theoretical knowledge of relevant learning science
We’re off! Another week stretches before us. Get your dancing shoes on, surely the surprises are still coming. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has
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For many tech companies, investors are applying a new valuation method that has caught our eye: AI proficiency. The current wave of AI hype has two main flavors that I’m interested in. First, the struggle between tech titans to create, or at least invest in and support, the latest and greatest in intelligent computing services.
Swedish company Candela will launch its 30-passenger commercial hydrofoil shuttle, the P-12, this summer — the vessel it believes will change the course of motorized water transport. Following on from its C-7 and C-8 leisure cruisers, Candela has already been making waves with its drive to transition to fossil-free waterways. “We are now heavy into
With turbulent economies, companies are looking for more revenue streams to survive, and one obvious way to increase revenues is to streamline costs. Given companies can often use both manual processing and sometimes even more than one external tool to manage B2B payments, this is an obvious area in which to improve efficiency. A good
Maximum Fun owner Jesse Thorn is selling the podcast company that he founded almost twenty years ago. Rather than surrendering the network to a big tech company or media conglomerate, he is selling it back to its workers. Maximum Fun, best known for distributing hit shows like the McElroy family’s “My Brother, My Brother and
Founders Fund Partner Trae Stephens joins Ed Ludlow and Caroline Hyde to discuss how the firm reacted and acted quickly to protect their portfolio companies during the SVB debacle and the importance of communication in situations of crisis. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of
Before it crashed, Silicon Valley Bank was known to many startups and venture firms as the place to park their money or take out a capital line. But for emerging managers, it was a lot more than just a financial institution. Multiple emerging managers told TechCrunch+ that SVB was instrumental in helping them build their
How to test and evaluate demand for hardware products before you crank up the factory Haje Jan Kamps 8 hours Manufacturing real-life, tangible objects that you can touch is often a lot riskier than developing software. Once you’ve created 10,000 thingamajigs, it’s far harder to make changes to them than in the software world, where
Oct.30 — T-Mobile US Inc. President and Chief Operating Officer Michael Sievert discusses the wireless carrier’s third-quarter performance, its 5G plans and the proposed merger with Sprint Corp. He speaks with Bloomberg’s Selina Wang on “Bloomberg Technology.”
Trucking is a vital industry and yet the majority of operations are operating on outdated platforms. AtoB thinks it has the solution and CEO and co-founder Harshita Arora says the company is essentially Stripe for transportation. I’m excited to have her and Eric Tarczynski of Contrary Capital speaking on an upcoming TechCrunch Live taking place
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. It’s too early to fully anticipate all of the consequences of Silicon Valley Bank’s collapse. But there is one prediction I am ready
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Maybe it’s the fact that “Succession” is back next week, or maybe it’s the fact that Silicon Valley just experienced its first banking crisis, but
Welcome to Week in Review, folks, TechCrunch’s regular recap of the week in tech. GPT-4, OpenAI’s text- and image-understanding AI, might’ve dominated the headlines over the past few days. But fresh drama around Silicon Valley Bank’s collapse emerged as well. We cover all that and more in this edition, so grab a coffee and settle
Amid the venture industry’s funding slowdown in 2022, nontraditional investors like hedge funds and private equity firms ran for the hills. Many assumed that corporate venture capital funds would, too — but they didn’t. These strategic backers remained consistent in 2022 and, according to PitchBook data, actually increased their presence in venture deals. In 2022, CVCs
But there are reasons to be optimistic we’ll get a good crop of public offerings Alex Wilhelm 7 hours The IPO market thus far in 2023 has been a goose egg, and we probably won’t get any interesting IPOs for another quarter or two. This is incredibly sad for your friendly, local TechCrunch+ reporting crew
The startup claims it’s on the cusp of a superconductor breakthrough despite questionable scientific record Tim De Chant 1 day Ever since they were discovered over 100 years ago, superconductors have seemed a bit magical. You might have seen one on YouTube, levitating above a pool of liquid nitrogen, shrouded in vapor as the super-chilled
The U.K.’s Chancellor of the Exchequer Jeremy Hunt’s spring budget — delivered on the same day that teachers, transportation workers, civil servants and others were on strike across the country — sought to strike a note of its own: optimism in the face of many signals to the contrary. With the U.K. narrowly predicted to
Bloomberg’s Max Reyes joins Ed Ludlow and Caroline Hyde to wrap up what’s known of the SBV fallout so far and the impact on other banks like First Republic and Signature Bank. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and
The comedown from the venture capital boom of 2021 has shaken up much of the startup world, but the dearth of capital has shown up sharply in one particular niche: fintech. CB Insights data indicates that after reaching a peak in 2021, funding to fintech startups across the world dropped a drastic 46% to $75.2
When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software that helps manage and automate the performance of EVs. Pull Systems,
Elemental Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse. Elemental intends to pump $43 million more into climate-tech startups — $13 million of which will be set aside for its twelfth accelerator program, beginning in October. The investor hasn’t secured all of
In the latest blow to Meta’s consentless behavioral ad-targeting business in Europe, a Dutch court has found the social media giant’s Irish subsidiary did not have a lawful basis to process local users’ data for ad targeting. Dutch privacy advocacy group, the Data Privacy Foundation (DPS), along with a local consumer protection not-for-profit, Consumentenbond, filed
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