India's wearable market declined in Q2, primarily because smartwatch are not attracting consumers.
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Friday, August 9, 2024
Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $60 million in a Series A financing at a $400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, also participated […]
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The X exodus that wasn’t
When digging into the data to determine how large the exodus everyone on Threads is talking about actually is, we oddly came up short.
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Substack now lets anyone publish posts, even if they don’t have a newsletter
Substack is opening up to more users with its recent announcement that anyone can now publish content on its platform without setting up a publication. With the change, Substack is likely looking to attract more types of writers and content creators, not just people who are interested in creating regularly distributed long-form written pieces. While […]
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China’s autonomous vehicle startup WeRide prepares for a US IPO
WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. WeRide registered 1 billion American Depository Receipts (ADRs) at a maximum price of $0.05, with the aggregate offering coming in at $50 million, per a Friday filing […]
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AI founders play musical chairs
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week we are looking at AI founders who are playing musical chairs, a massive defense tech investment, and more issues at Techstars. Let’s get into it. Most […]
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How a cybersecurity researcher befriended, then doxed, the leader of LockBit ransomware gang
Jon DiMaggio used sockpuppet accounts, then his own identity, to infiltrate LockBit and gain the trust of its alleged admin, Dmitry Khoroshev.
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As unrest fueled by disinformation spreads, the U.K. may seek stronger power to regulate tech platforms
The U.K. government has indicated it may seek stronger powers to regulate tech platforms follows days of violent disorder across England and Northern Ireland fuelled by the spread of online disinformation. On Friday prime minister Keir Starmer confirmed there will be a review of the Online Safety Act (OSA). The legislation, which was passed by […]
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Humidity sucks. Transaera has a new way to deal with it
The startup's core technology is a proprietary material that absorbs moisture from the air, allowing air conditioning to cool buildings more efficiently.
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YouTube is testing a sleep timer on its Premium tier
YouTube's latest test involves a sleep timer that pauses the video after, well, a set period of time.
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OpenAI adds a Carnegie Mellon professor to its board of directors
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http://dlvr.it/TBhcGR
Thursday, August 8, 2024
Ola Electric surges in India’s biggest listing in two years
Ola Electric, the largest electric two-wheeler maker in India, jumped as much as 20% on its public debut Friday in what is the biggest listing among Indian firms in two years. Shares of the Bengaluru-based firm, which counts SoftBank and Temasek among its backers, jumped to 91.18 rupees ($1.1) from than the upper IPO price […]
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Rocket Lab’s sunny outlook bodes well for future constellation plans
Rocket Lab surpassed $100 million in quarterly revenue for the first time, a 71% increase from the same quarter of last year. This is just one of several shiny accomplishments executives showed off to investors on Thursday — and a good omen for the space company’s medium-term ambitious plans. Executives continued to tease plans for […]
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Security bugs in ransomware leak sites helped save six companies from paying hefty ransoms
The vulnerabilities allowed one security researcher to peek inside the leak sites without having to log in.
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CloudPay, a payroll services provider, lands $120M in new funding
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling […]
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