Squarespace announced this afternoon that it is going public. The online website creation and hosting service is a venture-backed entity, having raised Series A and B rounds in 2010 and 2014, respectively. Those deals were worth a combined $78.5 million, according to Crunchbase data. But Squarespace is perhaps best known for its epic 2017-era $200 million […]
On Wednesday, Apple announces that it had banked $111.4 billion of revenue in a single quarter, beating investor expectations and blowing past its previous all-time revenue record. Investors yawned with the stock down slightly in after-hours trading following the report’s release. It’s a big number but it also bested analyst’s forecasts for Apple’s first quarter. […]
While Facebook’s fourth quarter earnings report included solid user and revenue numbers, the company sounded a note of caution for 2021. In the “CFO outlook” section of the earnings release, Facebook said it anticipates facing “more significant advertising headwinds” this year. “This includes the impact of platform changes, notably iOS 14, as well as the […]
The furor surrounding GameStop and its stock price has consumed social media, business television, and the hopes and dreams of many retail investors. It has even convinced some folks that causing short-term economic damage to a few hedge funds is similar to shaking up the global financial market. It isn’t, but a lot of folks […]
You’d be forgiven for being underwhelmed by the output from SoftBank Robotics thus far. The firm’s best-known product to date is almost certainly Pepper, a humanoid robot designed for greeting and signage that grew out of it 2015 acquisition of French robotics company Aldebaran. There’s also the matter of the investment firm’s acquisition and eventual […]
Rumors have been flying this week that SAP was going to buy Berlin business process automation startup Signavio, and sure enough the company made it official today. The companies did not reveal the purchase price, but Bloomberg reported earlier this week that the deal could be worth $1.2 billion. With Signavio SAP gets a cloud-native […]
Cryptocurrencies, more so than most other things, are only valuable because of a shared agreement that they are valuable. Their value is a product of digital handshakes over millions of transactions firming up that consensus. For bitcoin, the trust that it has worth has turned more valuable in the past several months; it’s been on […]
A little less than two years ago, when the actor, producer and investor Robert Downey Jr. unveiled his new, sustainability focused initiative called the FootPrint Coalition at Amazon’s re:MARS conference it was little more than a static website and a subscription prompt. Jump cut to today, and the firm now has five portfolio companies, a […]
Spin, the micromobility startup acquired by Ford, has developed a new scooter with partners Segway-Ninebot and software startup Tortoise that aims to solve the sidewalk clutter problem for good. The Spin S-200 scooter not only has three wheels — a design change that helps it stand out in a crowded pool of two-wheelers — it’s […]
At TC Sessions: Justice on March 3, we’re going to dive head-first into data discrimination, algorithmic bias and how to ensure a more just future, as technology companies rely more on automated processes to make decisions. Algorithms are sets of rules that computers follow in order to solve problems and make decisions about a particular […]
Stilt, a provider of financial services for immigrants in the United States, announced today it has raised a $100 million warehouse facility from Silicon Valley Bank for lending to its customers. This brings Stilt’s total debt facilities so far to $225 million, and will enable it to reach more than $350 million in annualized loan […]
Last year, we hit you with 44(!) episodes of Extra Crunch Live, a series that gives startups and founders direct insights from the experts who know best. We’re making Extra Crunch Live even better in 2021: we’ll take a look at funding deals through the eyes of the founders and investors who made them happen, […]
Charlie, a personal finance app that began as a chatbot, is relaunching today with a revamped experience focused on the larger goal of helping everyday Americans get out of debt. To do so, Charlie presents users with a full picture of their current debt and how long it will take them to pay it off. […]
Finesse, a startup promising to take the guesswork and waste out of fashion, is announcing that it has raised $4.5 million in seed and pre-seed funding. Founder and CEO Ramin Ahmari said the tremendous waste in the fashion industry has become a badly kept secret, with Burberry recently facing a backlash over its practice of […]
The top-line feature for Ring’s latest is no doubt its price. No way around that. At $60, it’s $40 cheaper than the standard Video Doorbell – and prices from there go up significantly, with the “Elite” running $350. Perhaps the company is feeling some pressure from the race the bottom for smart home hardware pricing. […]
Pinecone, a new startup from the folks who helped launch Amazon SageMaker, has built a vector database that generates data in a specialized format to help build machine learning applications faster, something that was previously only accessible to the largest organizations. Today the company came out of stealth with a new product and announced a […]
SAP today announced a new offering it calls ‘RISE with SAP,’ a solution that is meant to help the company’s customers go through their respective digital transformations and become what SAP calls ‘intelligent enterprises.’ RISE is a subscription service that combines a set of services and product offerings. SAP’s head of product success Sven Denecken […]
