Financial crime as a wider category of cybercrime continues to be one of the most potent of online threats, covering nefarious actives as diverse as fraud, money laundering and funding terrorism. Today, one of the startups that has been building data intelligence solutions to help combat that is announcing a fundraise to continue fueling its […]
B2B financial service start-up Finom — which provides online financial services for SMEs, freelancers, and the self-employed in Europe — has raised an additional $12 million (€10.3 million) to add to its previous Seed round of €6.5 million last April. The total funding raised in 2020 is now €16.8 million, and this is before the […]
Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American […]
Mobileye’s computer vision technology will be used in a new premium electric vehicle called Zero Concept from Geely Auto Group, one of China’s largest privately-held automobile manufacturers. Mobileye’s owner Intel made the announcement today at the Beijing Auto Show. Zero Concept is produced by Lynk & Co., the brand formed as a joint venture between […]
About three weeks ago, Facebook announced will increase its efforts against hate speech and misinformation in Myanmar before the country’s general election on November 8, 2020. Today, it gave some more details about what the company is doing to prevent the spread of hate speech and misinformation. This includes adding Burmese language warning screens to […]
VC and corporate investment into climate tech grew at a faster rate than overall VC investment as a whole between 2013-2019, according to a major new report — to the tune of $60 billion of early-stage capital. The new research by PwC (“The State of Climate Tech 2020“) found that although it’s still early days […]
Peterson Ventures, a 12-year-old, Salt Lake City, Utah-based seed-stage fund, has long operated fairly quietly, but many of its bets have become known brands in the respective worlds of consumer and enterprise software investing. Among these is the shoe company Allbirds; the men’s clothing company Bonobos (acquired a few years ago by Walmart); and Lucid […]
Shopify blames “rogue” employees for a data breach, Google Maps adds COVID-19 data and China pushes back against the TikTok deal. This is your Daily Crunch for September 23, 2020. The big story: Shopify confirms data breach The e-commerce platform blamed two “rogue members” of its support team, alleging that they stole customer data from […]
It happens to the best of us. Some newer, flashier model comes along and we’re no longer the latest and greatest new thing. The iPad’s had a plenty good run, of course. Ten years ago, the device redefined what a tablet is and has maintained a dominant spot atop the category, as countless competitors have […]
In this case, money, it really is the shoes. GOAT, the proprietor of online and physical retail locations for reselling the collectible kicks and kits that are the currency of street cred and cultural cool among the youths, is now worth a whopping $1.75 billion thanks to $100 million in new financing. It’s a big […]
Live TV streaming service Sling TV is joining in on the co-watching trend. The company today announced the launch of its own version of a co-viewing feature, which allows friends and family in different locations to watch live TV together at the same time. What makes Sling TV’s implementation unique, however, is that it’s allowing […]
TikTok’s fight with the Trump administration doesn’t yet appear to be over, regardless of what the deal that was signed between its parent company ByteDance and Oracle says. Earlier today, the company filed a motion to stop the Commerce Department from enforcing a ban against the popular social app. That ban was supposed to come […]
Shopify has confirmed a data breach, in which two “rogue members” of its support team stole customer data from at least 100 merchants. In a blog post, the online shopping site said that its investigation so far showed that the two employees, who have since been fired, were “engaged in a scheme to obtain customer […]
Tesla is suing the Trump Administration over tariffs on a computer chip and other parts it imports from China, joining an increasingly long list of similar lawsuits filed by hundreds of companies, including automakers Ford, Mercedes-Benz and Volvo. Tesla, which names U.S. Trade Representative Robert Lighthizer in the lawsuit filed in the U.S. Court of […]
California Governor Gavin Newsom issued an executive order on Wednesday requiring sales of all new passenger vehicles be zero-emission by 2035. The new order would be a huge boost for electric vehicles, and vehicles using alternative fuels like hydrogen, and could boost a sector that’s already surging in California. As an announcement from the California […]
Last week at TechCrunch Disrupt, Alex Wilhelm hosted a panel titled “Getting to $100 million ARR” on the Extra Crunch Stage. He was joined by three executives, including Vineet Jain, CEO and co-founder at Egnyte, Michal Tsur, president and co-founder at Kaltura and Sid Sijbrandij, CEO at GitLab. The panelists discussed their path to building […]
Tesla owners were locked out of their vehicles and the accompanying app for about an hour Wednesday morning, thanks to an outage that affected the company’s entire network, according to several sources. The Tesla outage was caused by an internal break of their application programming interface (or API), according to sources familiar with the outage. […]
Holy cats, it’s less than two weeks until TC Sessions: Mobility 2020 kicks off for two program-packed days focused squarely on mobility and transportation technology. On October 6-7, thousands of people from around the world will gather virtually to talk trends, demo products, share insight and discover new opportunities to drive their business into the future. […]
Robots have shown themselves to excel at any number of sports and activities, though they do best when they have a single task. Fortunately some sports, such as curling, consist mostly of one task, and Korean researchers have made a robot that throws the stone well enough to compete at a national level. If you’ve […]
The iOS 14 home screen customization trend is driving a new set of apps to the top of the App Store charts, and delivering record downloads for sources of inspiration, like Pinterest. According to new data from app store market intelligence firm Sensor Tower, installs of the top 20 home screen customization apps reached 5.7 […]
