At Andreessen Horowitz’s recent American Dynamism summit, Hadrian founder and CEO Chris Power painted a picture of the country in peril. “I’m here to talk to you about an existential risk to the future of the Republic and how Hadrian is trying to solve it,” he began. His words – a mix of rationalism and Marcus Aurelius – were not out of place at the event, which brought together a blend of … [Read more...]
Apkudo, a platform for managing connected devices, raises $37.5M
Apkudo, a Baltimore-based startup developing a platform to help manage, sell and test connected devices like smartphones and laptops, today announced that it raised $37.5 million in a Series C funding round co-led by Closed Loop Partners’ Leadership Fund and Piper Sandler Merchant Banking with participation from MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures and Point Field … [Read more...]
Dear Sophie: Do I qualify for an E-1 trader visa?
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 Dear Sophie: Will published … [Read more...]
a16z, GV back Thatch in its effort to simplify health benefits for startups and their employees
When you’re dealing with health issues, worrying about how you’re going to pay for care can be a major additional stressor. This can be compounded when you’re facing major illnesses, such as receiving treatment for cancer or having surgery. Chris Ellis and Adam Stevenson had the unfortunate experiences of losing parents to cancer at a young age. During those emotionally painful times, they also … [Read more...]
Intuitive Machines’ post-SPAC war chest depleted by shareholder redemptions
Lunar technology company Intuitive Machines received far less cash from its merger with a special purpose acquisition company (SPAC) than it forecasted, according to filings with the U.S. Securities and Exchange Commission made last night. Although Intuitive Machines said the SPAC trust could furnish the company with as much as $301 million in dry powder, shareholders opted to redeem a staggering … [Read more...]
Funga wants to accelerate carbon capture using belowground fungal biodiversity
Funga claims to be the first company to leverage nature’s power of carbon removal, by focusing on restoring belowground fungal biodiversity. The company just raised a $4 million round. The company was founded by ecologist and climate scientist Dr. Colin Averill, and it combines modern DNA sequencing and machine learning technology with breakthrough research on the forest microbiome. This approach … [Read more...]
In a boost for the ‘metaverse,’ Roblox stock pops 25% after strong Q4 earnings
It looks like the metaverse is doing okay. No, not the one Meta is trying to make happen in VR — the gaming platform Roblox is where the kids are still spending their money, apparently. After reporting its fourth-quarter results on Wednesday, Roblox shares popped 25%, as investors reacted to the company’s better-than-expected earnings. Made popular through games like MeepCity, Jailbreak, … [Read more...]
Instacart’s new features give shoppers more ways to earn on their own schedules
Instacart is introducing two new features that are designed to give shoppers on its platform more opportunities to earn. The company is launching “queued batches,” which gives shoppers the option to accept another batch before completing the batch they are currently shopping. Once shoppers complete the delivery of their current batch, they can begin shopping their next batch. Instacart says the … [Read more...]
Free Agency CEO seems to care more about control than the company, former employees say
According to former employees of human resources startup Free Agency, CEO Sherveen Mashayekhi’s leadership style is holding the startup back as he seems to care more about demanding loyalty and controlling his employees than building a company. The New York-based startup launched in 2019 with the novel idea of bringing the talent agency model popular in Hollywood and sports to other professions. … [Read more...]
Ransomware gang uses new zero-day to steal data on 1 million patients
A prolific ransomware operation is back with old tricks — and new victims. Community Health Systems (CHS), one of the largest healthcare providers in the United States with close to 80 hospitals in 16 states, confirmed this week that criminal hackers accessed the personal and protected health information of up to one million patients. The Tennessee-based healthcare giant said in a filing with … [Read more...]
Tesla agrees to double supercharger network, open to all EVs under Biden’s $7.5B charging plan
Companies hoping to dip into the coffers of the Biden Administration’s $7.5 billion EV charging initiative will have to meet a new set of requirements that even Tesla has agreed to. The Biden Administration laid out Wednesday the final standards for its plan to build a national network of 500,000 electric vehicle chargers along highways, including a requirement that all EV chargers funded through … [Read more...]
Snap introduces ray tracing technology for its AR lenses to enhance realism
Snap has introduced ray tracing technology to its AR Lens Studio for developers around the world, the company announced on Wednesday. Ray tracing is a technical capability that allows for realistic renderings of light and shine on AR artifacts. Snap has partnered with Tiffany & Co to launch the first Lens built with ray tracing. The Lens lets users try-on Tiffany Lock bracelets using AR and … [Read more...]
Axion Ray brings intelligence to manufacturing to find issues before they cause trouble
Manufacturers face a dizzying array of potential problems around the machines they produce, and it’s challenging to track down issues. This isn’t just nice to know. It’s crucial information, often tracked manually today by human auditors in spreadsheets. In some cases, failing to understand when there is a faulty part could result in costly recalls, and in the most extreme cases, deaths and … [Read more...]
Superplastic, a creator of ‘synthetic’ influencers, raises $20M led by Amazon in deal to make TV shows and more
Janky and Guggimon, ‘synthetic’ celebrities conceived in a studio and big on social platforms like TikTok and Instagram, where they exist as influencers with millions of followers, hyping up other brands, music acts and themselves, are soon coming to a streaming screen, and maybe a Whole Foods, near you. Superplastic, the startup that created and develops the characters, has raised $20 million led … [Read more...]
Caretakers, ageism and other topics venture needs to stop overlooking
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 Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha interviewed Elana Berkowitz, founding partner at Springbank Collective and an early-stage investor working to close the gender … [Read more...]
Crypto index platform Alongside raises $11M led by a16z
Alongside, a crypto index-focused platform, has closed an $11 million seed round led by Andreessen Horowitz (a16z), the company exclusively told TechCrunch. “At a high level, we’re building what I describe as an on-chain Vanguard,” Austin Diamond, CEO and co-founder of Alongside, said to TechCrunch. “The goal is low-fee index products designed to enable total market exposure to crypto as a … [Read more...]
Today’s TechCrunch Live: Why cybersecurity is still hiring and spending with Vanta and Sequoia
Layoffs. They’re everywhere throughout Silicon Valley. While it seems like every company is cutting, some industries are on an upward swing including cybersecurity. I’m excited to have Vanta CEO Christina Cacioppo, and Sequoia partner, Andrew Reed to speak on Vanta’s growth, particularly around hiring when everyone else is firing. Christina Cacioppo started Vanta in 2016 and raised $202.95 million … [Read more...]
You.com takes aim at Google and Microsoft with multimodal chat search
You.com founder Richard Socher knows that his company has always been a David going after the Goliath in search, Google, and to a lesser extent Microsoft. He likes to point out that his company built search based on generative AI in December, several months before the other giant search players made their announcements. Today, the company is announcing it’s taking that head start and building on … [Read more...]
IFC leads $17M investment in South African insurtech Naked
Naked, a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The round welcomed participation from the German Development Finance Institution (DEG), and earlier investors, Yellowwoods and Hollard. The news follows the Naspers-led $11 million Series A round … [Read more...]
Smartrr bags $10M for its customer experience approach to e-commerce subscriptions
Getting a subscription service going and keeping it, complete with fulfillment and delivery, is complicated. Brands use technologies that can cause them to end up with double billing and delivery that the customer is then left to manage. Subscriptions are big business: The direct-to-consumer subscription market is forecasted to reach $478 billion by 2025. Companies like Upscribe and Rebill are … [Read more...]
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