Troubled electric truck maker Nikola adjourned its annual meeting to July 18, giving the company time to lobby shareholders to pass a money-raising measure to issue more shares of common stock. Nikola said the proposal is crucial to support the growth of the business. The company has been slowed in bringing its Tre semi truck
Month: June 2022
Everyone’s favorite versatile microcontroller maker, Raspberry Pi, just unveiled a handful of new, budget-minded products. The company is building on the success of its $4 Pico board, which has thus far moved just under two million units since its January 2021 launch. The new Pico W is launching today for $6 — the “W” (and
What’s a poor, freshly minted developer to do when they’re out of coding boot camp but don’t have any real-life experience? You step into the world of simulation. That’s the basic premise of what Wilco offers. Last week, I covered the company’s $7 million seed funding round, and the company’s CEO, On Freund, was gracious
Queenly, a startup building a garment marketplace aimed at dressing women for formal events, announced this morning that it has purchased Mi Padrino, a company built to serve the quinceañera market. The two companies’ overlap is obvious: Quinceañeras, events where girls celebrate their 15th birthday with a large event and ornate garb, is an event
Google today announced an update to its password manager that will finally introduce a consistent look-and-feel across the service’s Chrome and Android implementations. Users will soon see a new unified user experience that will automatically group multiple passwords for the same sites or apps together, as well as a new shortcut on the Android home
[embedded content] TechCrunch Live records weekly, live, each Wednesday at 3:00pm EDT / 12:00pm PDT. Forethought AI won Startup Battlefield at TechCrunch Disrupt 2018. Since then, the company raised two rounds of funding and is now a leader in human-centric artificial intelligence. During this live event, Dean Nicholas, CEO and co-founder of Forethought, and Vanessa
Five years ago, the European Union passed rules which largely ended mobile roaming fees for citizens traveling with their devices across borders within the bloc. Today lawmakers are reupping the regulation that lets EU citizens “roam like at home” for a full decade, meaning European consumers can keep avoiding most extra fees when travelling within
When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 million in loans to customers monthly. Still, Haile noticed a bigger underserved opportunity on the other side of the spectrum: small
India’s Lenskart is buying a majority stake in Japan’s Owndays, the two firms said, creating one of Asia’s biggest online retailers of eyewear. The firms did not disclose the financial terms of the deal, but a person familiar with the matter said the merger values 32-year business Owndays at $400 million. The 12-year-old Bengaluru-headquartered startup
The U.K. is planning to tweak an existing law to allow text and data mining “for any purpose,” in a move that’s designed to boost artificial intelligence (AI) development across the country. The announcement constitutes part of a broader strategy to “level up” AI and transform the U.K. into what it calls a “global AI
Most Americans dread doing their taxes. Surveys show as much. But as many as 40% rely on money from tax refunds to satisfy some financial obligation. Ben Borodach, a former Deloitte fintech strategist and the CEO of tax service provider April, believes this points to the need for taxpayers to change their behavior from thinking
Some SMEs don’t want to get (or have access to) equity funding, but also want to stay away from high-interest bank loans. That’s the gap that revenue-based financing platforms like GetVantage want to fill. The Mumbai-based startup announced today that it has raised $36 million led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along
Very soon, humanity will get to view the deepest images of the universe that have ever been captured. In two weeks, the $10 billion James Webb Space Telescope (JWST) — NASA’s super expensive, super powerful deep space optical imager — will release its first full-color images, and agency officials today suggested that they could just
Y Combinator has announced Launch YC, a platform where people can sort accelerator startups by industry, batch and launch date to discover new products. The famed accelerator, which has seeded the likes of Instacart, Coinbase, OpenSea and Dropbox, invites users to vote for newly launched startups “to help them climb up the leaderboard, try out
New data indicates that startups are laying off more staff. That said, the pace of layoffs is modest compared with the early-2020 economic correction. As COVID locked down many nations for the first time, the global economy shuddered and startups were left to deal with an immensely changed world effectively overnight. Layoffs at companies like
AlgiKnit is on a mission to offer more environmentally conscious materials for the heavily polluting fashion and textile industries. The startup is developing materials from seaweeds such as Macrocystis pyrifera, one of the planet’s most renewable and regenerative organisms, creating yarns and fibers that don’t rely on petroleum or toxic chemicals. Aleks Gosiewski, Aaron Nesser
Consumer rights groups in Europe have filed a new series of privacy complaints against Google — accusing the advertising giant of deceptive design around the account creation process that they say steers users into agreeing to extensive and invasive processing of their data. The tech giant profiles account holders for ad targeting purposes — apparently
If data is at the heart of any modern business, it needs to be easier to access and manipulate it without expertise. While there are many data analysis tools available, including the sophisticated data science variety, and more line of business-focused BI tools, it hasn’t been easy for a person with little experience to work
Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles will begin effective June 29, per a regulatory filing. VanderZanden, who previously served as the chief operating officer (COO) at ride-hailing company Lyft, will stay on as CEO
We’re sorry in advance for getting Paula Abdul stuck in your head today. Virgin Orbit is ready to launch the “Straight Up” mission this evening at 10 PM PDT — yes, it’s named after the singer’s 1988 hit — and you can watch it live below. The mission will ferry seven experimental satellites to orbit
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: What are my F-1
There is a moment from around April 2021 that Pilar Johnson thinks about often. She was scared and nervous. The Houston native grew up in a low-income neighborhood and had no experience in venture capital. As she waded into the industry, imposter syndrome frequently crept in. Then, she and her team at Debut Capital raised
Snežana Gebauer Contributor Snežana Gebauer, a partner with StoneTurn, has 20 years of experience in managing complex international investigations for major law firms, Fortune 500 corporations, government agencies and sovereign nations. The economic sanctions that have been imposed following the war in Ukraine pose an intricate set of challenges for private equity (PE). Sanctions are
Anonymous social apps targeting teens haven’t gone away in the wake of Snapchat’s new policy, which earlier this year banned these types of social experiences from integrating with its developer platform. Instead, the apps have simply found a new way to reach young people: via Instagram. In recent weeks, new apps like Sendit for Instagram
European Union lawmakers are proposing to ban flavored heated tobacco products — a category that covers vaping — in a move they say is intended to protect the health of young people after a “significant” rise in sales of novel heated tobacco products. The EU has set itself a goal of creating a ‘tobacco free
Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi, an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. Deal terms were not disclosed, but Memomi has enabled digital measurements for all Walmart and Sam’s Club customers since 2019,
E-commerce marketplaces are big businesses. It was estimated that some $3.2 trillion was spent globally on the top marketplaces in 2021, with those like Taobao, Tmall and Amazon accounting for over 60% of the activity, according to research firm Digital Commerce 360. With that number expected to grow 14% per year, Nautical Commerce wants to
Kukua, a Nairobi- and London-based educational entertainment company and the creators of “Super Sema,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. Tencent, which made its first African edtech bet in Nigeria’s uLesson last December, co-led this Series A round with Italy-based VC Alchimia. Other investors include
Selling your company — or not selling your company — is a complicated decision. Price, timing, pride and a host of other factors play into the decision. Hell, you might simply enjoy running the business, be it a startup, unicorn or public-market behemoth. Sometimes the decision is made for a company’s leadership team. Zendesk’s work
Entrepreneur First made a name for itself a decade ago in its home base of London, and then further afield, for the novel approach it takes to tech investing: rather than seek out interesting, scaling startups like typical VCs, it backs founders and their very, very early stage startup ideas — so nascent in fact
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