Ubiquity, the networking and video surveillance camera maker, has fixed a bug that users say mistakenly allowed them access to the accounts and private live video streams of other customers. Reports first emerged on Reddit that some customers received push notifications on their phones featuring Ubiquiti account-related information and private video streams belonging to other customers. Another … [Read more...]
Twitch cracks down on boobs again by rolling back its ‘artistic nudity’ policy
Days after freeing the (fictionalized) nipple, Twitch is backtracking on its “artistic nudity” policy that allowed streamers to show illustrated, animated or sculpted renderings of breasts, butts and genitals. The announcement comes days after Twitch announced sweeping updates to its sexual content policy, which streamlined the platform’s community guidelines and allowed nudity in certain … [Read more...]
Scooter startup Superpedestrian shutting down US operations, explores sale of Europe business
Superpedestrian, the e-scooter startup known for its self-diagnostic software, is shutting down its U.S.-based shared scooter operation and exploring a sale of its European business, TechCrunch has exclusively learned. The company’s director of US operations, Alexander Berg, confirmed the news to his team Friday afternoon on a Zoom call. Berg said the reason for the shutdown was financial, but did … [Read more...]
The best funding options for late-stage startups
“Entrepreneurs navigating the later stages of a startup face a mine field of funding options, and not all of them are suitable for their business,” writes David Spreng, founder and CEO of Runway Growth Capital. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. There’s no one-size-fits-all solution to … [Read more...]
When it comes to generative AI in the enterprise, CIOs are taking it slow
To hear the hype from vendors, you would think that enterprise buyers are all in when it comes to generative AI. But like any newer technology, large companies tend to move cautiously. Throughout this year, as vendors feverishly announced new generative AI-fueled products, CIOs took note. Some companies have actually been looking to cut back on spending, or at least stay even, not necessarily … [Read more...]
News publisher files class action antitrust suit against Google, citing AI’s harms to their bottom line
A new class action lawsuit filed this week in the U.S. District Court in D.C. accuses Google and parent company Alphabet of anticompetitive behavior in violation of U.S. antitrust law, the Sherman Act, and others, on behalf of news publishers. The case, filed by Arkansas-based publisher Helena World Chronicle, argues that Google “siphons off” news publishers’ content, their readers, and ad revenue … [Read more...]
The cloud stock rally could help inch open the IPO window in 2024
As 2023 comes to a close, a critical cohort of tech companies has regained the value it lost after the summer rally, potentially setting the stage for a stronger IPO cycle in early 2024 than some may anticipate. Cloud stocks are back, y’all! The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Let’s do a quick … [Read more...]
Instagram launches customizable ‘Add Yours’ templates
Instagram launched a new feature where you can create customized “Add Yours” templates with GIFs, images and text, allowing you to make your own meme-able Stories for followers to participate in. To create an Add Yours template, start uploading a Story and add elements like a GIF, custom text or an image from the gallery. Then tap on the “Add Yours Templates” sticker and select which elements you … [Read more...]
Pitch Deck Teardown: Metafuels’ $8M climate tech seed deck
About 2% of the world’s CO₂ emissions comes from pressurized, jet-powered sausages careening through the air. Earlier this week, I covered one startup, Metafuels, that thinks it has a solution for reducing aircraft emmisions. I was able to talk the company’s founders into giving me the pitch deck for their $8 million seed round as well so we could do a deep dive into the materials the company used … [Read more...]
Opendoor co-founder Eric Wu is stepping down to return to his startup roots
Opendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing. In a statement, Wu said: “After ten years, I am called to get back to my startup roots and create and build again. I’m humbled by this accomplishment and grateful for all my teammates who helped shape the product, culture, and company.” Wu will remain an advisor to the company and the board. … [Read more...]
Startups must embrace sustainable scaling strategies
Baris Guzel Contributor Baris Guzel is an engineer with work experience in top-tier investment banking and venture capital. He is a partner at BMW i Ventures, where he has led investments and supported many companies as a board director/observer. Brian Wei Contributor Brian Wei is an associate at BMW i Ventures, where he focuses on … [Read more...]
Cruise layoffs, exosuits, and why French startups are bubbling up
Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, our weekly news roundup. And this is the very last regular Equity episode of the year. Yes, we still have a lot planned for you, but expect more special interviews, guest … [Read more...]
In Orbit Aerospace wants to be the third party logistics provider for science and industry
Two year old space startup In Orbit Aerospace wants to be the third party logistics provider for Earth to space commerce – and to get there, the company just closed a new agreement to validate key technical capabilities on the International Space Station. The El Segundo, California-based company is developing orbital platforms and re-entry vehicles to enable mass manufacturing and research … [Read more...]
Jagat, a location-based social network that focuses on real-life connections, surpasses 10M users
Jagat, a social network that is designed to get you out more with your friends instead of mindlessly scrolling on your phone, has surpassed 10 million users globally. The location-based social network, which launched earlier this year in March, wants to help people focus on real-life connections and make friends. The app is essentially a social map for your friends and activities near you. Jagat … [Read more...]
Why these 30 web3 founders are optimistic about 2024
The crypto winter may or may not thaw, but not everyone is going into the new year without hope: A majority of founders are optimistic about the opportunities for crypto startups in 2024, per a new survey shared exclusively with TechCrunch+. The CoinFund Founder Forecast survey gathered responses from 30 of CoinFund’s web3 portfolio companies across the pre-seed, seed and Series A stages. The … [Read more...]
In the fight against Methane, a key GHG, Valley investors have hit upon an unusual target: Cow burps
What do iconic Valley investors Zachary Bogue and Chris Sacca have in common? They are both trying to stop cows from burping methane. No, really. And a Sacca investment just raised $20 million to do just that. What gives? With the conclusion of COP28, the global talks on the climate crisis, Methane is going up the ClimateTech agenda for investors and startups. Emissions from livestock are the … [Read more...]
What is happening with all these new venture funds?
A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Against a backdrop of layoffs and continuing economic uncertainty, the announcements — particularly in such quick … [Read more...]
One-click checkout company Bolt confirms another round of layoffs
E-commerce and fintech company Bolt, which was at one time the subject of a federal probe, confirmed it laid off 29% of its staff, according to a company spokesperson. In an emailed statement, the Bolt spokesperson said one-click checkout company made the cuts to get Bolt to “an operating model optimized for sustainable growth and efficiency.” “We made the difficult but important decision to … [Read more...]
Credit Karma co-founder Nichole Mustard stepping down after more than 16 years
Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. A spokesperson of the consumer fintech, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm she decided to leave the company, her contributions have been significant and we wish her … [Read more...]
Getaround’s Q3 earnings delight investors, but the company isn’t out of the woods yet
Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company’s third-quarter earnings report details a company seeing quick revenue growth, but not enough top line yet to cover its expenses. Getaround reported gross bookings of $69 million in the third-quarter, resulting in $23.8 million in revenue for the … [Read more...]
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