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Canoo to build its first electric vehicle factory in Oklahoma

5 years 3 months ago
Canoo, the electric vehicle startup that recently became a publicly traded company through a merger with a SPAC, plans to build a factory in Oklahoma that will employ up to 2,000 workers, newly appointed CEO Tony Aquila said Thursday during the company’s investor day presentation. The factory will be located on a 400-acre site in […]
Kirsten Korosec

Wise announces plans to go public via direct listing

5 years 3 months ago
Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London Stock Exchange. If you’re […]
Romain Dillet

Gusto makes first acquisition, buying Ardius to expand into R&D tax credits

5 years 3 months ago
Free money from the government sounds like winning the lottery, but the reality is that most tech startups and even local retail businesses and restaurants can potentially qualify for tax credits related to research and development in the United States. Those credits, which is what helps tech giants keep their tax rates to near zero, […]
Danny Crichton

China launches 3 astronauts to its new space station core module

5 years 3 months ago
Three Chinese astronauts have docked at China’s space station core module, named Tianhe, for the first time. The three astronauts flew to space as part of the Shenzhou 12 mission, China’s first crewed mission since 2012. They will call the core module of the Tiangong space station home until September, making it the longest crewed […]
Aria Alamalhodaei

Amazon’s Appstore lowers its cut of developer revenue for small businesses, adds AWS credits

5 years 3 months ago
Amazon is following in the footsteps of app store giants Apple and Google with this week’s introduction of its Amazon Appstore Small Business Accelerator Program. The new program will reduce the commissions Amazon takes on app developer revenues for qualifying smaller businesses. Previously, Amazon’s Appstore took a 30% cut of revenue, including that from in-app […]
Sarah Perez

Neo4j raises Neo$325M as graph-based data analysis takes hold in enterprise

5 years 3 months ago
Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack. Designers will pixel push, frontend engineers will add clicks to make it more difficult to drop out of a soporific Zoom call, but few companies are ever willing to rip out their database […]
Danny Crichton

Google announces EPYC-based Tau virtual machines for Cloud

5 years 3 months ago
Google this morning announced the launch of Tau, a new family of virtual machines built on AMD’s third-gen EPYC processor. According to the company, the new x86-compatible system offers a 42% price-performance boost over standard VMs. Google notably first started utilizing AMD EPYC processors for Cloud back in 2017, while Amazon Cloud’s offerings date back […]
Brian Heater

Karin Tsai, director of engineering at Duolingo, will be speaking at TechCrunch City Spotlight: Pittsburgh on June 29

5 years 3 months ago
TechCrunch City Spotlight: Pittsburgh is getting closer, with impressive featured speakers including Carnegie Mellon University President Farnam Jahanian and Mayor Bill Peduto. However, we’ve saved the best for last: Our last speaker is Karin Tsai, director of engineering at Duolingo, a $2.4 billion business that is all about making language learning fun and accessible. The […]
Natasha Mascarenhas

Lordstown Motors reverses claims about ‘binding orders’ for electric pickup truck

5 years 3 months ago
Lordstown Motors does not have binding orders from customers for its electric Endurance pickup truck — a reversal from claims made earlier this week by company executives in an effort to restore confidence in the troubled company, according to a regulatory filing released Thursday. Lordstown Motors interim CEO Angela Strand and President Rich Schmidt made […]
Kirsten Korosec

Last-mile, landscaping and leaping robots

5 years 3 months ago
I spoke to Refraction AI co-founder/CTO Matthew Johnson-Roberson on the occasion of the Michigan startup’s $4.2 million seed raise. This week we posted a Q&A where he answers a wider range of topics about the delivery robotics company, and this bit jumped out at me: It still boggles my mind that nobody has tried to […]
Brian Heater

Instagram’s TikTok rival, Reels, rolls out ads worldwide

5 years 3 months ago
Instagram Reels are getting ads. The company announced today it’s launching ads in its short-form video platform and TikTok rival, Reels, to businesses and advertisers worldwide. The ads will be up to 30 seconds in length, like Reels themselves, and vertical in format, similar to ads found in Instagram Stories. Also like Reels, the new […]
Sarah Perez

A security bug in Google’s Android app put users’ data at risk

5 years 3 months ago
Until recently, Google’s namesake Android app, which has more than five billion installs to date, had a vulnerability that could have allowed an attacker to quietly steal personal data from a victim’s device. Sergey Toshin, founder of mobile app security startup Oversecured, said in a blog post that the vulnerability has to do with how […]
Zack Whittaker

eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed

5 years 3 months ago
“People are the backbone of any organization. People are more important than the product. Without people, you don’t have a product,” says Joseph Ifiegbu, who is Snap’s former head of human resources technology and also previous lead of WeWork’s People Analytics team. Ifiegbu’s startup, called eqtble, wants to give HR teams the same kind of […]
Catherine Shu

Former Athenahealth CEO Jonathan Bush returns to entrepreneurship with new startup

5 years 3 months ago
Jonathan Bush, the CEO and co-founder of Athenahealth, is a controversial figure in the controversial field of healthcare. More than two decades after he started the now-public healthcare company, Bush lost Athenahealth to Elliott Management, an activist investor that bought the company alongside Veritas Capital. During this tense period of time, domestic violence allegations surfaced […]
Natasha Mascarenhas

Twine raises $3.3M to add networking features to virtual events

5 years 3 months ago
Twine, a video chat startup that launched amid the pandemic as a sort of “Zoom for meeting new people,” shifted its focus to online events and, as a result, has now closed on $3.3 million in seed funding. To date, twine’s events customers have included names like Microsoft, Amazon, Forrester and others, and the service […]
Sarah Perez

Industrial cybersecurity startup Claroty raises $140M in pre-IPO funding round

5 years 3 months ago
Claroty, an industrial cybersecurity company that helps customers protect and manage their Internet of Things (IoT) and operational technology (OT) assets, has raised $140 million in its latest, and potentially last round of funding.  With the new round of Series D funding, co-led by Bessemer Venture and 40 North, the company has now amassed a […]
Carly Page
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