Monday, May 22, 2023

Daylight, the LGBTQ+ neobank, calls it quits

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Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30, according to embattled co-founder and CEO Rob Curtis.  The announcement comes months after NY Magazine published an explosive feature on the neobank. The article honed in on Daylight, whose seed and Series A fundraises TechCrunch had covered here and here, […]

Daylight, the LGBTQ+ neobank, calls it quits by Mary Ann Azevedo originally published on TechCrunch

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Anthemis targets $200M for new fund after layoffs and canceled SPAC

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Anthemis Group is trying to raise $200 million for a third fund, according to an SEC filing, as first reported by Axios. It has been in the market since last year and has so far secured commitments of just $36.4 million. The firm separately had to scrap plans to raise a SPAC late last month.  […]

Anthemis targets $200M for new fund after layoffs and canceled SPAC by Mary Ann Azevedo originally published on TechCrunch

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Going for a walk with Shift’s Moonwalker electric shoe-skates

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Perhaps I shouldn’t have been surprised to see someone skate-walking down the halls of Detroit’s Huntington Place convention center. Don’t get me wrong, there’s plenty of interesting stuff happening at Automate today, but it simply never occurred to me that $1,400 footwear was a possibility. For the record, that person was Abe Pleta, the lead […]

Going for a walk with Shift’s Moonwalker electric shoe-skates by Brian Heater originally published on TechCrunch

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Fake Pentagon attack hoax shows perils of Twitter’s paid verification

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Surprising literally no one, the combination of paid blue checks and generative AI makes it all too easy to spread misinformation. On Monday morning, a seemingly AI-generated image of an explosion at the Pentagon circulated around the internet, even though the event didn’t actually happen. Within about half an hour, the image appeared on a […]

Fake Pentagon attack hoax shows perils of Twitter’s paid verification by Amanda Silberling originally published on TechCrunch

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TikTok sues Montana over a controversial new law banning the app in the state

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Last week, Montana governor Greg Gianforte signed a law that banned TikTok in the state. Now the company is hitting back with a lawsuit that aims to keep the app available to Montanans. In the complaint, TikTok argues that Montana’s ban violates the Constitution by limiting the company’s right to host and distribute user-created content. […]

TikTok sues Montana over a controversial new law banning the app in the state by Taylor Hatmaker originally published on TechCrunch

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SkyFi lets you order up fresh satellite imagery in real time with a click

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Commercial Earth observation companies collect an unprecedented volume of images and data every single day, but purchasing even a single satellite image can be cumbersome and time-intensive. SkyFi, a two-year old startup, is looking to change that with an app and API that makes ordering a satellite image as easy as a click of a […]

SkyFi lets you order up fresh satellite imagery in real time with a click by Aria Alamalhodaei originally published on TechCrunch

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‘Ted Lasso’ and other Apple TV+ merch could arrive in the Apple Store, report says

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The Apple Store could be expanding beyond tech products. As the company continues to invest in its original Apple TV+ content, a recent Bloomberg report indicates that Apple plans to introduce a new product category for its online store– merchandise tied to its popular TV shows. This includes “Ted Lasso” merch, which is rounding out […]

‘Ted Lasso’ and other Apple TV+ merch could arrive in the Apple Store, report says by Lauren Forristal originally published on TechCrunch

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Australian clean-tech Endua fixes renewable energy’s intermittency problem

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One major problem with renewable energy sources like wind, solar and hydro is intermittency. This means they cannot be relied on constantly since, for example, the sun might stop shining or it might be a still, windless day. To fill gaps, users often rely on diesel generators or batteries. But diesel generators produce emissions and […]

Australian clean-tech Endua fixes renewable energy’s intermittency problem by Catherine Shu originally published on TechCrunch

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Tiger Global backs Indian industrial IoT startup Infinite Uptime in $18.8M funding round

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Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global at a valuation of $60 million post-money. The Series B3 round also saw participation from other existing investors including Mayfield, GSR Ventures, VenturEast and […]

Tiger Global backs Indian industrial IoT startup Infinite Uptime in $18.8M funding round by Jagmeet Singh originally published on TechCrunch

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Sunday, May 21, 2023

PhonePe expands new funding to $850 million

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General Atlantic has poured another $100 million into PhonePe, four months after leading a $350 million investment in the Indian fintech startup that has so far raised $850 million in an ongoing financing round at the height of the slowing global economy. Walmart-backed PhonePe disclosed the investment in a statement on Monday. The ongoing round […]

PhonePe expands new funding to $850 million by Manish Singh originally published on TechCrunch

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China bans Micron chips in key infrastructure over ‘national security’ risks

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China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. The decision is widely seen as part of the tic-for-tac in the ongoing U.S.-China economic competition, which has started to upend a deeply intertwined global tech supply chain. Last year, the […]

China bans Micron chips in key infrastructure over ‘national security’ risks by Rita Liao originally published on TechCrunch

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Patient21, a digital healthcare startup with brick-and-mortar clinics, raises $108M to grow beyond Germany

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Patient21, a four-year-old German startup that combines a digital healthcare platform with real-world brick-and-mortar clinics, has raised €100 million ($108 million) in a Series C round of funding led by Israeli VC firm Pitango, constituting a mix of equity and debt. Founded out of Berlin in 2019, Patient21’s platform spans pretty much the whole patient […]

Patient21, a digital healthcare startup with brick-and-mortar clinics, raises $108M to grow beyond Germany by Paul Sawers originally published on TechCrunch

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A Tesla co-founder returns, TuSimple restructures again and Uber’s stickiness strategy

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Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. It was another busy week in the transportation world and no surprise, Tesla was one of the headliners. The company held its annual shareholder meeting and as per ushe, CEO […]

A Tesla co-founder returns, TuSimple restructures again and Uber’s stickiness strategy by Kirsten Korosec originally published on TechCrunch

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