Monday, September 9, 2024

Apple Watch Series 10 debuts with bigger screen, thinner display

Apple Watch Series 10 debuted at Monday’s “It’s Glowtime”event, just under a decade after the iPhone maker released its first smartwatch. Headlining the new wearable is a redesign — arguably the largest since the device’s launch. The Apple Watch Series 10 has “our biggest screen and thinnest design,” CEO Tim Cook noted. The company says […]

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Alpha Partners raises $153M third fund for pro-rata investments

Steve Brotman started Alpha Partners in 2014 with a novel idea at the time: investing alongside early-stage VCs to help preserve their ownership in promising companies as they transition to later funding rounds. Alpha’s first fund was a mere $10 million. But as startups started staying private for longer, the VC industry invented various mechanisms […]

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Miami-based AI bookkeeping startup finally has raised another big round: $200M in equity and debt

finally, an SMB-focused bookkeeping, accounting and finance startup, has raised $50 million in a Series B round of funding and secured a $150 million credit line, TechCrunch is the first to report. The financing comes just seven months after the fintech company announced it had raised $10 million in funding, and brings Miami-based finally’s total […]

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Sonos delays set-top box after flawed app update

It’s been an infamous year for software updates gone wrong. But what’s the worst-case scenario for a buggy update? Sonos may be trying to find the answer as its mobile app update continues to derail its best laid plans. In its most recent earnings call, the company announced that it had no choice but to […]

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EV startup Ather seeks to raise $370 million in India IPO

Indian electric scooter manufacturer Ather Energy plans to raise about $370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based lossmaking startup, which competes with […]

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Sunday, September 8, 2024

European VC Atomico closes $1.24B across two funds for early and growth-stage startups

Atomico has historically leaned toward earlier funding rounds while dipping into later stages where it made sense; now it's setting itself up to focus just as much on the later stages of a startup's journey.

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The Try Guys say their subscription strategy is working

After a rough couple years, YouTube creators The Try Guys said they’re on-track to reach profitability, with subscriptions to their three-month-old, ad-free service 2nd Try now accounting for 20% of the company’s revenue. Of course, those numbers also mean The Try Guys remain reliant on other revenue streams, including YouTube advertising. But in an interview […]

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Apple Intelligence delays could impede iPhone 16 ‘supercycle’

When Apple unveiled its AI plans at WWDC in June, analysts suggested the feature could put the iPhone 16 on track for another “supercycle.” Like the addition of 5G before it, industry watchers believed that Apple Intelligence’s arrival might convince holdouts to bite the bullet and upgrade their device. We’ll have a much better picture […]

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Elon Musk says Tesla has ‘no need’ to license xAI models

Elon Musk has denied a report that one of his companies, Tesla, has discussed sharing revenue with another of his companies, xAI, so that it can use the startup’s AI models. The Wall Street Journal wrote yesterday that under a proposed agreement described to investors, Tesla would use xAI models in its driver-assistance software (known […]

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Bending Spoons plans to lay off 75% of WeTransfer staff after acquisition

Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned. Bending Spoons acquired the Dutch company in July for an undisclosed amount. The company confirmed the plans for the WeTransfer layoff to TechCrunch. The staff that is being […]

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