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Science Inc. is getting into the music business with incubator Heavy Sound Labs
3 juli 2020 · 5 min
Jason Geter, who previously co-founded Grand Hustle Records, told me that he’s looking to “redefine what a record label is today” with his new startup Heavy Sound Labs. Geter said he sees Heavy Sound — which is part of startup studio Science Inc. — as an extension of the work he’s been doing for decades: […]
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Vendia raises $5.1M for its multi-cloud serverless platform
2 juli 2020 · 6 min
When the inventor of AWS Lambda, Tim Wagner, and the former head of blockchain at AWS, Shruthi Rao, co-found a startup, it’s probably worth paying attention. Vendia, as the new venture is called, combines the best of serverless and blockchain to help build a truly multi-cloud serverless platform for better data and code sharing. Today, […]
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Point launches new challenger bank with rewards on debit card purchases
2 juli 2020 · 3 min
Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is launching a major new version of its service and opening its doors to everyone. But you’ll have to get an invite to get in at first. Point is a consumer […]
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Bolt launches electric bike-sharing service in Paris
1 juli 2020 · 3 min
Like other ride-hailing companies, Bolt has been suffering from the coronavirus-related lockdown and economic downturn around the world. But the company is trying to find another revenue stream by launching electric bikes in Paris. Bolt plans to launch a similar service in other European capitals this year. For the past couple of weeks, the only […]
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Oculus co-founder and games industry vets form Mountaintop Studios
1 juli 2020 · 5 min
Oculus co-founder Nate Mitchell is heading up a new game development house called Mountaintop Studios, joined by colleagues from around the gaming industry. The company aims to leave the crunch and toxic culture pervasive in game studios behind and make one that’s “collaborative, anti-crunch, diverse, and inclusive.” The founding team includes Mitchell’s former colleague Mark […]
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Personal Capital sells to Empower Retirement in deal worth up to $1B
30 juni 2020 · 4 min
Today Personal Capital, a fintech company that had attracted over $265 million in private funding, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon closing, with another $175 million in what are described as “planned growth” incentives, according to […]
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After losing Grubhub, Uber reportedly hails Postmates
30 juni 2020 · 3 min
Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, […]
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Agora starts life as a public company by more than doubling to $50 a share
29 juni 2020 · 5 min
Shares of Agora, a China and U.S.-based “real-time engagement” API company, soared today after it went public. Yesterday Agora priced 17.5 million shares at $20 apiece, up from its target range of $16 to $18 per share. The firm raised $350 in its debut, or around 10 times its Q1 2020 revenue and is now […]
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TuSimple seeking $250 million in new funding to scale self-driving trucks
29 juni 2020 · 5 min
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort. Morgan Stanley has sent […]
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Karat launches a credit card for online creators
26 juni 2020 · 4 min
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Private equity firm Great Hill Partners acquires stock media service Storyblocks
26 juni 2020 · 5 min
Storyblocks, the subscription-based stock media service, today announced that it has been acquired by private equity firm Great Hill Partners. The firm previously backed companies like Wayfair (and then exited that specific investment in 2017) and Custom Ink. Great Hill also acquired Gizmodo Media Group in 2019. Storyblocks and Great Hill did not disclose the […]
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IPOs that could happen soon, cannot happen soon enough
25 juni 2020 · 7 min
Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But those three firms are hardly alone. We know that DoorDash filed privately earlier this year (it also raised a pile of cash lately, so its […]
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Privacy assistant Jumbo raises $8 million and releases major update
25 juni 2020 · 7 min
A year after its initial release, Jumbo has two important pieces of news to announce. First, the company has released a major update of its app that protects your privacy on online services. Second, the company has raised an $8 million Series A funding round. If you’re not familiar with Jumbo, the app wants to […]
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Zopa granted full UK bank license as it gears up to launch savings account and credit card
24 juni 2020 · 3 min
Zopa, the 15-year-old peer-to-peer lending company, is announcing that it has been awarded its full U.K. bank licence, as it gears up to launch a fixed-term savings account, followed by a credit card. Dubbed “Zopa Bank,” the new challenger bank will sit alongside its existing peer-to-peer lending business, under Zopa Group, creating what the veteran fintech […]
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Prices increase in four days for founder workshops at TC Early Stage
24 juni 2020 · 4 min
The countdown clock is running, and you have just four days left to score the lowest price on passes to TC Early Stage 2020, which takes place on July 21-22. We’ve packed this two-day virtual event with more than 50 workshops covering essential topics that every early-stage founder needs to master. Take advantage of the […]
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Ampere announces latest chip with a 128 core processor
23 juni 2020 · 4 min
In the chip game, more is usually better and to that end, Ampere announced the next chip on its product roadmap today, the Altra Max, a 128 core processor, the company says is designed specifically to handle cloud native, containerized workloads. What’s more, the company has designed the chip, so that it will fit in […]
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ServiceNow to acquire Belgian configuration management startup Sweagle
23 juni 2020 · 4 min
With more companies moving workers home, making sure your systems are up and running has become more important than ever. ServiceNow, which includes an IT Help Desk component in its product catalogue recognizes that help desks have been bombarded during the pandemic. To help stop configuration problems before they start, the company acquired Sweagle today, […]
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HashiCorp to offer managed versions of its developer tools starting with Consul
22 juni 2020 · 4 min
HashiCorp is well known in the developer community for offering a slew of open source tools to help build and manage modern applications. Today the company announced a new cloud platform and plans to eventually offer managed versions of those tools, starting with Consul a tool for connecting and securing services across platforms. HashiCorp CEO […]
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After IPO delays, DoorDash confirms $400M raise
22 juni 2020 · 3 min
DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for roughly $400 million round at a post-money valuation of $16 billion. DoorDash clarified in a statement provided to TechCrunch that the valuation is slightly under the $16 billion […]
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Who’s writing first checks into startups?
19 juni 2020 · 8 min
The TechCrunch List will publish the most recommended “first check” writers across 22 different categories ranging from D2C & e-commerce brands to space, and everything in between.
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Intercom announces the promotion of Karen Peacock to CEO
19 juni 2020 · 6 min
Three years ago almost to the day, Intercom announced that it was bringing former Intuit exec Karen Peacock on board as COO. Today, she got promoted to CEO, effective July 1st. Current CEO and company co-founder Eoghan McCabe will become Chairman. As it turns out, these moves aren’t a coincidence. McCabe had been actively thinking […]
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Software shares set new records as tech rallies
18 juni 2020 · 6 min
In another up for technology shares, software companies saw their values reach new heights today. The days trading comes after a selloff last week eased some of technology companies’ rebounds from their COVID-19 lows; stocks in tech companies have more than made up for their early-year declines in mid-2020, with the Nasdaq reaching 10,000 points […]
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Credit-focused fintech startup Upgrade raises $40M after reaching $100M run rate
18 juni 2020 · 6 min
This morning Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation. The Upgrade round slots neatly into a few trends TechCrunch has noted in recent quarters, including fintech startups raising at new, higher valuations, and some startups seeing […]
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Exhibit for free at Disrupt 2020: Apply to TC Top Picks
17 juni 2020 · 4 min
Looking for a way to get your early-stage startup the massive attention it deserves? Of course, you are. One of the best ways to get in front of thousands of influencers is by exhibiting in Startup Alley during Disrupt 2020. An even better way is to exhibit for free. Take the first step and apply […]
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DeepSource announce $2.6M seed round to automate static code analysis
17 juni 2020 · 5 min
DeepSource, a member of the Winter 2020 Y Combinator cohort, announced a $2.6 million seed investment today. The company is building a solution to help developers automate static code analysis to find certain errors before going through human code review. 645 Ventures led the round with help from Y Combinator, FundersClub, Pioneer Fund, Liquid 2 […]
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Reebelo, a Singapore-based site for refurbished electronics, raises $1.25 million seed round
16 juni 2020 · 3 min
Reebelo, a Singapore-based marketplace for refurbished electronics, announced it has raised a seed round of $1.25 million led by June Fund, with participation from Antler. The new funding will be used for hiring, especially marketing and operations positions for customer service as the company scales. Reebelo currently operates in Singapore, but plans to expand across […]
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Free money for startups? It’s possible with MainStreet’s platform for economic development incentives
16 juni 2020 · 7 min
Startups need money. State and local governments need startups and the employment growth they offer. It should be obvious that the two groups can work together and make each other happy. Unfortunately, nothing could be further from the truth. Each year, governments spend tens of billions of dollars on economic development incentives designed to attract […]
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So you want to talk about race in tech with Ijeoma Oluo
15 juni 2020 · 24 min
“A lot of people denigrate the value of talking about race and racism in technological spaces,” said Ijeoma Oluo, author of So You Want to Talk About Race, which has surged to the top of the New York Times best sellers list in paperback nonfiction, two and a half years after its initial January 2018 […]
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Uber shares tumble 5% as reports indicate it will lose the Grubhub deal to European rival
15 juni 2020 · 3 min
Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service. Uber competes with Grubhub domestically with its Uber Eats service; a tie-up between the two could have given Uber suffocating market share in the United […]
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API platform Postman delivers $150M Series B on $2B valuation
12 juni 2020 · 4 min
APIs provide a way to build connections to a set of disparate applications and data sources, and can help simplify a lot of the complex integration issues companies face. Postman has built an enterprise API platform and today it got rewarded with a $150 million Series C investment on a whopping $2 billion valuation — […]
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This startup just raised $12 million from top VCs to offer financial planning as an employee perk
12 juni 2020 · 6 min
Companies increasingly recognize that one of the greatest stresses for their employees is financial wellness. Even at innovative tech startups, people typically bump up against the limits of how much they know about wealth management pretty fast. But providing financial education to a workforce, which has become increasingly common, is largely useless as most employees […]
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Conversa Health raises $12M Series B for its digital health platform
11 juni 2020 · 5 min
It’s no surprise that the coronavirus pandemic is accelerating the digital health space and so it’s also no surprise that a lot of the startups in this area are currently getting funded. Conversa Health, a Portland, Oregon-based startup that provides a virtual care and communication platform for personalized healthcare, is among these startups. The company […]
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Vendr raises $4M from David Sacks’s Craft Ventures to reduce SaaS bills
11 juni 2020 · 5 min
When TechCrunch last checked in with the Y Combinator-backed Vendr in October, the company had just raised $2 million, and was crowing about its profitability. Profitable seed-stage companies aren’t super common, so the startup stood out. Today Vendr is back with more news, namely that it has raised $4 million more, this time led by […]
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Flatfile scores $7.6M seed investment to simplify data onboarding
10 juni 2020 · 5 min
One of the huge challenges companies like enterprise SaaS vendors face with new customers is getting customer data into their service. It’s a problem that Flatfile founders faced first hand in their jobs, and they decided to solve it. Today, the company announced a healthy $7.6 million seed investment to expand on that vision. The […]
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Yugabyte lands $30M Series B as open source database continues to flourish
10 juni 2020 · 5 min
It’s been a big period of positive change for Yugabyte, makers of the open source, cloud native YugabyteDB database. Just last month they brought on former Pivotal CEO Bill Cook as CEO, and today the company announced it has closed a $30 million Series B. 8VC and strategic investor WiPro led the round with participation […]
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Acceleprise announces 26 SaaS startups from its trio of accelerators
9 juni 2020 · 16 min
The TechCrunch crew has worked to keep tabs on this year’s startup accelerator classes. Conventional wisdom in startup land states that great companies are founded during more trying economic times. Well, a recession was declared yesterday by the National Bureau of Economic Research. We should, therefore, see some breakout startups in the next few years. […]
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Portobel turns food producers into direct-to-consumer businesses
9 juni 2020 · 4 min
A startup called Portobel is working to help food producers shift their businesses so that they can support direct-to-consumer deliveries. Portobel is backed by Heroic Ventures and led by Ranjith Kumaran, founder or co-founder of file-sharing company Hightail (acquired by OpenText) and loyalty startup PunchTab (acquired by Walmart Labs). Kumaran told me that he and his […]
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France refines its plan to support startups
8 juni 2020 · 5 min
A few days ago, the French government detailed different measures as part of its support plan for startups. France already announced a $4.3 billion (€4 billion) plan back in March. The new announcements are more about refining and adding some additional measures. The French government wanted to act quickly when it made its initial announcement […]
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Zigazoo launches to be a ‘TikTok’ for kids, surpasses 100,000 uploads and downloads
8 juni 2020 · 6 min
Like many parents, Zigazoo founder Zak Ringelstein worries about his children’s screen time. His worries only grew when COVID-19 led to school shutdowns and kids came home to a world of remote learning. Now, as lockdowns extend, Ringelstein is learning to embrace screen time as a way to sneak education and entertainment into his kids’ […]
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Searchable.ai nabs additional $4M seed to continue building AI-driven search
5 juni 2020 · 4 min
Searchable.ai is an early-stage startup in the alpha phase of testing its initial product, but it has an idea compelling enough to attract investment, even during a pandemic. Today the company announced an additional $4 million in seed capital to continue building its AI-driven search solution. Susquehanna International Group and Omicron Media co-led the round […]
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Cowboy releases updated e-bike with new carbon belt
5 juni 2020 · 3 min
Electric-bike maker Cowboy has released a new iteration of its bike, the Cowboy 3. It’s a relatively small update that should make the experience better for newcomers. The first orders will be delivered at the end of July and the Cowboy 3 is now slightly more expensive at €2,290 or £1,990 ($2,500). The bike still […]
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NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools
4 juni 2020 · 5 min
When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup. The companies did not share […]
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What the last 2 months of fundraising tells us about the future
4 juni 2020 · 7 min
There is just as much capital ready to deploy, and just as much investor interest, as there was earlier this year, but founders are still adjusting to new market conditions.
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Lili raises $10M for its freelancer banking app
3 juni 2020 · 4 min
Lili, a startup building banking products to meet the needs of freelance workers, is announcing that it has raised $10 million in seed funding. The startup takes its name from its founders, CEO Lilac Bar David and CTO Liran Zelkha, who previously founded Israeli challenger bank Pepper. Bar David told me that while many neobanks have […]
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Overjet raises $7.85M for its dental-focused AI tech
3 juni 2020 · 5 min
Overjet, a startup focused on using AI to help dentists and insurance companies understand dental scans, today announced that it has raised $7.85 million in what it describes as a seed round. According to Overjet’s CEO Wardah Inam (an MIT PhD in electrical engineering and computer science), the company raised the funds from Crosslink Capital, […]
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Cisco to acquire internet monitoring solution ThousandEyes
2 juni 2020 · 4 min
When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution […]
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Jeremy Conrad left his own VC firm to start a company, and investors like what he’s building
1 juni 2020 · 6 min
When this editor first met Jeremy Conrad, it was in 2014, at the 8,000-square-foot former fish factory that was home to Lemnos, a hardware-focused venture firm that Conrad had cofounded three years earlier. Conrad —Â who as a mechanical engineering undergrad at MIT worked on self driving cars, drones and satellites — was still excited […]
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Stackin’ raises $12.6M Series B to help millennials navigate the crowded fintech space
1 juni 2020 · 6 min
Fintech’s funding boom for the past decade has led to a flurry of new consumer startups tackling a wide range of money-related issues, from saving apps to investing platforms. Should you download Robinhood, Stash, Public, Acorns, or Truebill? The fintech craze creates confusion for consumers when it comes to figuring out which startup is the […]
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BeeHero smartens up hives to provide ‘pollination as a service’ with $4M seed round
29 mei 2020 · 3 min
Vast monoculture farms outstripped the ability of bee populations to pollinate them naturally long ago, but the techniques that have arisen to fill that gap are neither precise nor modern. Israeli startup BeeHero aims to change that by treating hives both as living things and IoT devices, tracking health and pollination progress practically in real […]
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Wasabi announces $30M in debt financing as cloud storage business continues to grow
29 mei 2020 · 4 min
We may be in the thick of a pandemic with all of the economic fallout that comes from that, but certain aspects of technology don’t change no matter the external factors. Storage is one of them. In fact, we are generating more digital stuff than ever, and Wasabi, a Boston-based startup that has figured out […]
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