Wednesday, October 25, 2023

Adapting to the climate crisis with Jonas Torland from 7Analytics

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom talk about the seemingly endless slate of rainy Saturdays here on the east coast. Thankfully, this episode’s guest, Jonas Torland of 7Analytics, is helping us feel a little less gloomy about the current effects of climate change. Bergen, […]

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Triple-A gets funding from Peak XV to help more businesses use crypto

on 6:56 PM in features, Tech News with No comments

Created by the founder of Thunes, global digital currency payments institution Triple-A wants to close the gap between traditional finance and blockchain-based payments with its white-label solutions for businesses. It enables clients to pay in or accept crypto and get fiat money in their bank accounts the next day. Triple-A announced today it has raised […]

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California agency pulls Cruise’s commercial robotaxi permit following DMV action

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The California Public Utilities Commission has suspended Cruise’s authority to carry and charge passengers for its robotaxi service, following similar action from the state’s Department of Motor Vehicles. The CPUC is also “independently carrying out investigatory activities into recent incidents involving passenger service,” Terrie Prosper, director of news and outreach at the CPUC, told TechCrunch. […]

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Robotaxi pushback grows in Los Angeles as Cruise loses permits

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Less than a month after Waymo’s Los Angeles County expansion, labor organizers and an LA lawmaker are calling for new autonomous-vehicle regulations. On Tuesday, the office of LA Councilmember Hugo Soto-Martínez said he will introduce a motion “urging officials in the state to address public safety concerns around autonomous vehicles and reign in the expansion […]

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WorkMagic wants to automate all the marketing tasks for Shopify sellers

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There’s no shortage of startups trying to automate marketing tasks by using generative AI. For WorkMagic, the target users are the millions of small-scale Shopify sellers who it believes can benefit immensely from cost savings in their marketing efforts. Founded in June, WorkMagic offers a full-stack platform that handles everything from image and copy generation […]

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D-ID’s newest app uses AI to make videos from photographs

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D-ID, the Tel Aviv-based startup best known as the tech behind those viral videos of animated family photos, is bringing its AI video technology to a new mobile app, launching today. Originally available as a web platform, D-ID’s Creative Reality Studio allows users to upload a still image and script and then turn that into […]

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In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa

on 2:26 AM in features, Tech News with No comments

It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier […]

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New solar mini-grids in Africa to be powered by Husk Power Systems’ $103M Series D

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Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announced plans to launch 500 solar mini-grids in Nigeria over the next five years, has raised $103 million Series D in equity and debt to meet its objectives. The capital injection includes $43 million in equity, which […]

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What’s behind the fresh round of tech layoffs?

on 12:05 AM with No comments

But let’s not forget as we dig into the reasons why we are seeing a new wave of tech layoffs that this is more than an academic exploration.

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Byju’s CFO quits in seven months

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Ajay Goel, who joined Byju’s as CFO in April this year, has already quit the edtech giant, the two said Tuesday. Goel will leave the firm after “completing the audit formalities” for the financial year ending March 2022 and return to mining conglomerate Vedanta, Byju’s said. Byju’s said it has appointed industry veteran Pradip Kanakia […]

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Two years after pausing service, Roblox China cuts a small number of staff

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Roblox China was once full of promise. Since its localized platform, which is a joint effort with Tencent, abruptly halted operation nearly two years ago, the company has been quiet about its standing in the world’s second-biggest gaming market until now. TechCrunch learned that Roblox China, also called LuoBu (罗布乐思), initiated a round of layoffs […]

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Smart upcycling machine dissects batteries to save them

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Circu Li-ion cofounder and CEO Antoine Welter says his startup’s upcycling machine can diagnose batteries in seconds. “We know exactly which cell can be reused and which one can’t,” he told TechCrunch on Monday. Circu Li-ion is in the business of saving usable battery cells from shredders. The Luxembourg startup’s machine identifies batteries by their […]

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Singapore-based Qosmosys closes $100M seed round to develop tech for the moon

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Singapore-based Qosmosys has closed an astonishing $100 million seed round to develop its lunar lander tech. The company did not disclose its investors, nor did a Qosmosys spokesperson respond to TechCrunch’s email. In a press release published to its website, the startup simply said that it practices a “unique and protective funding model.” “The structure […]

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AI-based data center optimization startup MangoBoost raises $55M Series A

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The central processing unit (CPU) and the graphics processing unit (GPU) handle different types of data. The CPU is used in almost all devices including computers, cellphones, tablets, smartwatches and TVs. It deals with processing general information on the device, making sure software is running correctly. While the GPU complements the CPU, it handles complex […]

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