Friday, April 5, 2024

IVP’s Eric Liaw on the firm’s giant new fund, that Klarna kerfuffle, and why looks can be deceiving when it comes to firm succession

When IVP recently announced the closing of its 18th fund, I called Eric Liaw, a longtime general partner with the growth-stage firm, to ask a few questions. For starters, wringing $1.6 billion in capital commitments from its investors right now would seem a lot more challenging than garnering commitments during the frothier days of 2021, […]

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Snapchat turns off controversial ‘Solar System’ feature by default after bad press

Less than a week after The Wall St. Journal reported on how a Snapchat feature dubbed “solar system” was adding to teens’ anxiety, the company has responded by adjusting how the feature works. The ranking system for paid subscribers today shows you how close you are to your Snapchat friends by displaying your position in […]

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Disrupt 2024 Call For Speaker Closes In 3 Weeks

Get ready to ignite the tech world with your passion and expertise! TechCrunch Disrupt 2024 is set to electrify San Francisco from October 28–30, and we’re searching for vibrant speakers like you to elevate our event with your insights. Seize the opportunity to apply and share your knowledge by April 26. Here’s your pathway to […]

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Is it just me, or was that an earthquake?

For just a brief moment, this was the internet at its best. I stared at a vase of dried out Trader Joe’s flowers, rumbling on my table for maybe thirty seconds, but I was too shocked to even process what was happening. Then, I saw the tweets (which, in this moment of shock, I refuse […]

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Apple lays off over 600 employees in California after abandoning electric car project

Apple is laying off 614 employees in California after abandoning its electric car project. According to the WARN notice posted by California, Apple notified the affected employees on March 28 and the changes will go into effect on May 27. Affected employees worked at eight locations in Santa Clara. Although the notice doesn’t specify which […]

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From YC to IPO: Winter 2024 Demo Day, Rubrik and Ibotta

What a week, everyone. Two full days of Y Combinator demo day activity kept us busy, but the latest accelerator cohort’s launch was far from the only big story in startup-land. Today on TechCrunch’s Equity podcast, Mary Ann, Becca, and Alex gathered to dig into favorites from the hundreds of new YC companies that pitched, […]

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Varda Space’s orbital drug factory success fuels $90M in new funding

Varda Space Industries has closed a massive tranche of funding just weeks after its first drug manufacturing capsule returned from orbit. The company’s $90 million Series B round marks an inflection point for the company, which is now gearing up to scale from the initial demonstration mission to a regular set of missions carrying customer […]

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Thursday, April 4, 2024

As deal rumors fly, Alphabet and HubSpot would be a strange pairing

Reuters reported on Thursday that Google’s parent company, Alphabet, is exploring the possibility of buying Boston-based HubSpot, a CRM and marketing automation company with a market cap of over $33 billion – a number that has been climbing on those reports. If such a deal were to happen, the cost would likely be pretty substantial, […]

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Agility Robotics lays off some staff amid commercialization focus

Agility Robotics on Thursday confirmed that it has laid off a “small number” of employees. The well-funded Oregon-based firm says the job loss is part of a company-wide focus on commercialization efforts. “As part of Agility’s ongoing efforts to structure the company for success, we have parted ways with a small number of employees that […]

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TechCrunch Minute: How Anthropic found a trick to get AI to give you answers it’s not supposed to

If you build it, people will try to break it. Sometimes even the people building stuff are the ones breaking it. Such is the case with Anthropic and its latest research which demonstrates an interesting vulnerability in current LLM technology. More or less if you keep at a question, you can break guardrails and wind up […]

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OpenAI expands its custom model training program

OpenAI is expanding a program, Custom Model, to help enterprise customers develop tailored generative AI models using its technology for specific use cases, domains and applications. Custom Model launched last year at OpenAI’s inaugural developer conference, DevDay, offering companies an opportunity to work with a group of dedicated OpenAI researchers to train and optimize models […]

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Quick-commerce startup Zepto zooms to $1.2B in annualized sales, Goldman says

Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing the Zepto management. The startup, which competes with Zomato-owned Blinkit and SoftBank-backed Swiggy Instamart, has also expanded its market share “close to that of the number 2 […]

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Wednesday, April 3, 2024

Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise

Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $2 billion, three sources familiar with the matter told TechCrunch. One source said he is looking to raise between $200 million and $400 million. The Bengaluru-headquartered […]

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