Friday, May 5, 2023

RapidAPI headcount down 82% from fresh layoffs less than two weeks after cutting 50% of staff

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Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, has laid off another 70 employees less than two weeks after letting go of 50% of its staff, TechCrunch has learned. An affected employee who wished to remain anonymous told TechCrunch that just 42 people remain […]

RapidAPI headcount down 82% from fresh layoffs less than two weeks after cutting 50% of staff by Mary Ann Azevedo originally published on TechCrunch

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Hear how MinIO built a unicorn in object storage on top of Kubernetes and open source

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Everything needs a home, and Garima Kapoor co-founded MinIO to build an enterprise-grade, open source object storage solution. The pitch sounds amazing: simple, high performance, and a native Kubernetes integration. I’m excited to announce I’m interviewing Kapoor and MinIO investor Mark Rostick of Intel Capital on MinIO’s growth and how the company manages serious competition. […]

Hear how MinIO built a unicorn in object storage on top of Kubernetes and open source by Ron Miller originally published on TechCrunch

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Paytm tops $977 million revenue in a year, narrows loss

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Paytm, India’s leading mobile payments firm, recorded a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in a sharp turnaround for the company that is increasingly trying to become profitable. Paytm’s overall revenue in the financial year ending March 2023 stood at […]

Paytm tops $977 million revenue in a year, narrows loss by Manish Singh originally published on TechCrunch

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Down rounds are a ‘ticket to try again,’ says founder who raised 3 in a row

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Russ Wilcox, founder of E Ink, recently joined TechCrunch's Found podcast to talk about how he raised multiple down rounds before a successful exit.

Down rounds are a ‘ticket to try again,’ says founder who raised 3 in a row by Rebecca Szkutak originally published on TechCrunch

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Google celebrates Star Wars Day with a fun Grogu Easter egg

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Google is celebrating Star Wars Day with a special Easter egg featuring Grogu, also known as Baby Yoda. When you type “Grogu” or “Baby Yoda” into the Google Search bar, the character will appear in the bottom right corner of your screen. Once you click on him, he will use the Force to knock out […] Google celebrates Star Wars Day with a fun Grogu Easter egg by Aisha Malik originally published on TechCrunch
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Thursday, May 4, 2023

Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport

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Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport by Christine Hall originally published on TechCrunch

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In Europe, Accel banks on a turnaround over the next six to nine months

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It’s been almost five years since this editor sat down with longtime VC Harry Nelis and three other investors from Accel’s London office to talk about the trends rippling through the venture industry at the time. At the time, our talk largely centered on Brexit and SoftBank’s feverish pace of investment, which at the time […]

In Europe, Accel banks on a turnaround over the next six to nine months by Connie Loizos originally published on TechCrunch

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Senate Banking chair urges FDIC to look into Tellus, a fintech backed by Andreessen Horowitz

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Tellus, an Andreessen Horowitz-backed fintech company that claims it can offer people higher yields on their savings balances by using that money to fund certain U.S. single-family-home loans, is under scrutiny by the U.S. government. On May 2, as first reported by Barron’s, U.S. Senator Sherrod Brown, chairman of the Senate Banking, Housing, and Urban Affairs […]

Senate Banking chair urges FDIC to look into Tellus, a fintech backed by Andreessen Horowitz by Mary Ann Azevedo originally published on TechCrunch

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As generative AI finds its footing in enterprise products, how will companies charge for its use?

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HubSpot CEO Yamini Rangan told investors that generative AI is going to "rapidly” change the business landscape.

As generative AI finds its footing in enterprise products, how will companies charge for its use? by Alex Wilhelm originally published on TechCrunch

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Senzai taps into AI optimization to guide LatAm companies to the right customers

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Senzai’s technology measures impact, experimentation and optimization to determine which sales campaigns will appeal to customers.

Senzai taps into AI optimization to guide LatAm companies to the right customers by Christine Hall originally published on TechCrunch

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Europe’s top court clarifies GDPR compensation and data access rights

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The European Union’s top court has handed down a couple of notable rulings today in the arena of data protection. One (Case C-300/21) deals with compensation for breaches of the bloc’s General Data Protection Regulation (GDPR); and the second (Case C-487/21) clarifies the nature of information that individuals exercising GDPR rights to obtain a copy […]

Europe’s top court clarifies GDPR compensation and data access rights by Natasha Lomas originally published on TechCrunch

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Mozilla expands its Mastodon investment with private beta launch of its own highly-moderated server

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Mozilla is expanding its investment in the decentralized social media ecosystem Mastodon with today’s announcement it’s opening up its own server — or “instance,” in Mastodon lingo — into private beta testing. The company announced last year its plans to create and begin testing a publicly accessible instance at Mozilla.social, with the goal of focusing […]

Mozilla expands its Mastodon investment with private beta launch of its own highly-moderated server by Sarah Perez originally published on TechCrunch

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Alibaba Cloud, Avalanche partner to deploy metaverses on the blockchain

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The partnership will provide Alibaba’s clients with a launchpad that aims to help businesses launch their own metaverse spaces on Avalanche’s blockchain.

Alibaba Cloud, Avalanche partner to deploy metaverses on the blockchain by Jacquelyn Melinek originally published on TechCrunch

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Google I/O 2023 is next week; here’s what we’re expecting

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Google’s annual developer conference returns to Mountain View’s Shoreline Amphitheater next week, and for the first time in four years, we’ll be returning along with it. The kickoff keynote is always jammed-packed full of information, debuting all of the different software projects the company has been working on for the past year. The event, which […] Google I/O 2023 is next week; here’s what we’re expecting by Brian Heater originally published on TechCrunch
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