The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out
Tech
Welcome back to Found, where we get the stories behind the startups. This week Darrell and Becca are joined by Matt Rogers, the founder and CEO of Mill, a startup that helps its customers turn their food scraps into farm feed. The former founder of Nest talked about what compelled him to jump back into
Brussels-based startup Cowboy has been in the news lately for its cash burn rate. But the company wants to control its narrative again with some product and business news. Cowboy is launching a new feature called “AdaptivePower,” which automatically adjusts the power of the motor depending on the current slope and weather conditions. Cowboy’s electric
Drone delivery is one of those ideas that’s been sold as “the next big thing” forever. Regardless of how bullish you happen to be on the technology, there’s undeniably a lot that has to be figured out before we can start having serious conversation about mainstream adoption. Regulator issues are a big box to be
Among the wave of Spotify announcements coming out of today’s Spotify Stream On event, the company shared some exciting news with podcast listeners — in particular, Batman fans. Spotify is launching a new podcast series “The Riddler: Secrets in the Dark,” starring comedian-actor Hasan Minhaj as The Riddler. As part of Spotify’s exclusive multiyear partnership
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Happy International Women’s Day! Did you know that the holiday was adopted by the UN 46 years ago? We read the Wikipedia article about IWD, and learned stuff. Try it — you
But early-stage startups could face the most headwinds Alex Wilhelm 9 hours If you read the startup press, you might think that everyone in tech is still nursing a stiff hangover from the zenith of the 2021 boom. While there is much talk of cutting spending, conserving capital, trimming staff and hunkering down, there’s also
Local governments in the southwestern U.S. are putting up $150,000 to back what they say is a pioneering effort to “turn air into concrete at scale.” The funds will help cover the cost of the “reference project,” a collaboration between two climate tech startups and a masonry firm in Flagstaff, Arizona. The firms expect construction
It’s taken rather longer than a month for Meta-owned WhatsApp to commit to address complaints swirling around how it imposes terms of service on users but the European Commission has just announced that the messaging platform has agreed to improve how it communicates to users and presents future ToS updates. Early in 2021, WhatsApp triggered
When Microsoft, after a decade-long hiatus, relaunched its now 40-year-old Flight Simulator series in 2020, it reignited interest in a genre that had long been a mainstay of PC gaming. It’s one thing to marvel at the graphics of the new Flight Simulator, though, and another to try to play the game with mouse and
SiriusXM, the satellite radio company and Pandora owner, disclosed today it’s laying off 475 employees, representing 8% of its workforce. In an email sent to employees, CEO Jennifer Witz said the cuts would impact “nearly every department” across the company, and follow a review of SiriusXM’s operations announced in November that aimed to identify areas
Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in over ₦2.9 billion (~$4.2 million) missing from its accounts, according to local tech publication Techpoint Africa. According to the documents seen by the publication and reviewed by TechCrunch, unknown actors transferred the funds across 28 accounts in 63 transactions
To be successful, a business needs to have a plan for revenue in the short term and profitability in the long. Early-stage founders might be tempted to come up with half a dozen ways the company could make money. Don’t fall into temptation: Five unproven solutions don’t make one actual solution. Having said that, sometimes
Honda bailed on the Clarity — its only hydrogen-powered car in the U.S. — but the automaker hasn’t quit on fuel cells. That’s the message Honda sent with a peculiar announcement today: It’s putting some old Clarity fuel cells back to work, combining them into a backup power system for its data center just south
Metaverse hype was hanging like a multicolored fog over the Mobile World Congress (MWC) connectivity trade show in Barcelona this week. Conference organizer, the GSMA’s, program pitched attendees into a smorgasbord of metaverse-themed discussions — most of which seemed designed to generate maximum FOMO, as a parade of tech evangelists took to the stage in
The slowdown was inevitable, of course. Nothing stays hot forever — especially in this industry. By tech standards, smartphones have had a good run, but the last few years have seen device makers searching for the magic bullet to help the sales slide reverse course. The arrival of 5G was a nice reprieve, but next-generation
Movies Anywhere, a previously Disney-backed app that lets users access their digitally owned movie collection from across services, is shutting down two features, “Screen Pass” and “Watch Together.” Screen Pass, which launched in 2020, allows you to loan out three movies per month within the app, which recipients can then watch for up to 72
Companies already have a wealth of tools at their disposal for headhunting technical talent, but a new startup wants to give recruiters a leg-up by bringing together the worlds of GitHub and LinkedIn to create a database of the most suitable candidates for a specific software development role — and it’s doing so by using
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. G’day, friends! Good to spend some time with you again. Come spend some time with our finely crafted words and god-awful puns. It’s a service we provide. — Christine and Haje The
The big, giant message Tesla CEO Elon Musk and other execs tried to impart during its four-hour Tesla Investor Day was how the company would be the driver of a global shift away from fossil fuels and towards renewable energy. Investors, at least those active after the market closed, weren’t impressed perhaps because it lacked that
Sesamm, a French startup that helps financial firms and corporates adhere to their ESG goals by using natural language processing (NLP) to generate insights from digital content, has raised €35 million ($37 million) in a round of funding to expand internationally. Despite a growing backlash against ESG efforts from some politicians and vocal executives, companies
At a session on the future of 6G during Mobile World Congress, expert speakers from companies such as Samsung, the European Space Agency and Telefonica came together to give their views about how 6G will play out. The first thing to note is that it’s not arriving anytime soon. The projections are that the likes
The Block-owned music streaming service TIDAL is shifting the way it pays artists after an experimental program failed to generate results. Unlike Spotify and other market leaders, which pay musicians small fractions (…of fractions) of pennies for each play, TIDAL has taken a more imaginative approach to artists payouts. The platform, which targets consumers who
StudentFinance, a European fintech that funds educational programs for individuals through so-called income share agreements, has raised €39 million ($41 million) in a Series A round of funding. Founded out of Spain in 2019, StudentFinance partners with educational institutions such as Ironhack and Le Wagon to help finance those looking to upskill into disciplines like software
When developers are building software with API access, they need to figure out how to bill users fairly for hitting the API gateway. A flat fee probably wouldn’t cover the heavy users and would be unfair to the lighter ones. Archetype, an early stage startup, has created a metering solution, so developers can bill on
The current battery boom might feel familiar to those who lived through the clean tech bubble that burst a decade ago, with an awful lot of money being invested in what are still nascent markets. But certainly they’re bigger this time around: The number of electric vehicles on the road has more than doubled in
Today marks exactly one year since Russia’s illegal, unprovoked and brutal invasion of Ukraine. This week, a majority of the members of the United Nations reiterated its demand that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine and called for a cessation of hostilities.” It would be
The Xiaomi 13 Pro flagship made a global debut today at Mobile World Congress (MWC) in Barcelona. With this device — which was launched in China in December — the company is banking on a one-inch main sensor, Leica lenses and 120W fast charging. This is, in essence, a Samsung Galaxy S series competitor. Cameras
Shelley McKinley Contributor Shelley McKinley is chief legal officer at GitHub, home to more than 100 million software developers. Last week marked the first time the U.S. Supreme Court reviewed Section 230 of the Communications Decency Act of 1996. In oral arguments in the Gonzalez v. Google case, important questions were raised about platform responsibility
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. First off, hello to all the new Startups Weekly subscribers who joined us after last week’s newsletter. I’m glad we all still resonate with a comeback
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