2023

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The urgent call for innovation and investment in maternal health

TechCrunch

Women’s health remains one of the most underfunded, under-researched, and underserved areas of investment and study. © 2023 TechCrunch. All rights reserved. For personal use only.

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The Superhero Stack

Andreessen Horowitz

Why can’t we connect with 911 operators on FaceTime or WhatsApp, to easily share photos and videos from the scene? Why do we wait for an emergency vehicle to arrive at an accident site to understand what’s happening when drones can get there faster and provide “eye in the sky” perspectives for first responders en route? According to the FBI, a car is stolen every 23 seconds in the United States, and 40% are never recovered — a shockingly high number given all of the data and technology available

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Sony Ventures earmarks $10M to invest in African entertainment startups

TechCrunch

Sony Group announced today that it has established Sony Innovation Fund: Africa (SIF: AF), a program that will support the growth of entertainment businesses in Africa. Appropriately, the Tokyo multinational conglomerate, through Sony Ventures Corporation (SVC), has earmarked $10 million for early-stage startups in gaming, music, film and content distribution.

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Innovation or folly? The Cybertruck will test whether anyone still trusts Tesla

TechCrunch

The Tesla Cybertruck, the first of which will be delivered Thursday four years after its debut, is loved and loathed. For fans, it’s a symbol for what Tesla and its CEO Elon Musk stand for: creativity, irreverence, rebellion. Others see it as an act of hubris. It could be both. Either way, the stakes are […] © 2023 TechCrunch. All rights reserved.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace

TechCrunch

Egyptian online auto parts marketplace Mtor has raised $2.8 million in pre-seed investment led by Egypt-focused venture capital firm Algebra Ventures. Other investors that participated in the round include Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital and other local and global angel investors, the startup said in a statement. Mtor’s founder and CEO, Mohamed […] © 2023 TechCrunch.

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Today’s AI funding rush reminds me of the fintech investing hype of 2021

TechCrunch

We're seeing a lot of folks push their capital into just a few squares on the betting table. One way or another, the result is going to be notable. © 2023 TechCrunch. All rights reserved. For personal use only.

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Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

TechCrunch

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 […] © 2023 TechCrunch. All rights reserved.

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Singapore-based startup EduFi raises funding for its student loan platform

TechCrunch

EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors. The Singapore-based startup has launched an artificial intelligence-powered study now, pay later (SNPL) lending platform […] © 2023 TechCrunch.

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EnCharge raises $22.6M to commercialize its AI-accerating chips

TechCrunch

Around a year ago, TechCrunch wrote about a little-known company developing AI-accelerating chips to face off against hardware from titans of industry — e.g. Nvidia, AMD, Microsoft, Meta, AWS and Intel. Its mission at the time sounded a little ambitious — and still does. But to its credit, the startup, EnCharge AI, is alive and […] © 2023 TechCrunch.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Meta and IBM form an AI Alliance, but to what end?

TechCrunch

Meta, on an open source tear, wants to spread its influence further and wider in the ongoing battle for AI mindshare. This morning, the social network announced that it’s teaming up with IBM, whose audience is decidedly more corporate and enterprise, to launch the AI Alliance, a industry body to support “open innovation” and “open […] © 2023 TechCrunch.

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OpenAI’s initial new board counts Larry Summers among its ranks

TechCrunch

Meet OpenAI’s new board of directors: Bret Taylor, Larry Summers and Adam D’Angelo. Or, more precisely, the board for the time being. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. We are collaborating […] © 2023 TechCrunch.

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PhysicsX emerges from stealth with $32M for AI to power engineering simulations

TechCrunch

A lot of the buzz these days in artificial intelligence is around generative AI and how AI is being used to accelerate software and products for consumers. Today, a AI startup called PhysicsX, co-founded by two theoretical physicists — including a Formula One engineering superstar — is emerging from stealth with a very specific focus […] © 2023 TechCrunch.

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Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M

TechCrunch

Supply chain and e-commerce enablement startup, Omniful, has today emerged from stealth with $5.85 million seed funding led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group, SEEDRA Ventures, Bunat Ventures, Hala Ventures, RZM Investments and several family offices including Al Rasheed, Siraj Holding, Al Bawardi, Al Nafea.

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How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

PCI compliance can feel challenging and sometimes the result feels like you are optimizing more for security and compliance than you are for business outcomes. The key is to take the right strategy to PCI compliance that gets you both. In this webinar, we have a great set of panelists who will take you through how Zero Data strategies can be used as part of a well-rounded compliance and security approach, and get you to market much sooner by also allowing for payment optimization.

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Cradle’s AI-powered protein programming platform levels up with $24M in new funding

TechCrunch

Biotech and AI startup Cradle is finding success with its generative approach to protein design, landing big customers and a hefty $24 million of new investment. The company exited stealth a little over a year ago, just as the hype around large language models was really heating up. Many AI companies in biotech train models […] © 2023 TechCrunch.

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European startup funding halved to $42B in 2023, says Atomico

TechCrunch

The downturn in the technology sector — dragged by inflation, higher interest rates and geopolitical events — continues to persist, and one of the most acutely impacted areas has been VC funding for startups, particularly those outside the U.S. According to VC firm Atomico, companies in Europe are on track to raise just $42 billion […] © 2023 TechCrunch.

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Bending Spoons lays off entire staff of Flimic

TechCrunch

Milan-based creative app studio Bending Spoons has laid off the entire staff of Filmic, which made popular video and photo editing apps such as Filmic Pro, per a report by PetaPixel. Bending Spoons acquired Filmic last July and the move was announced in September. In the past few days, several Filmic employees have posted about […] © 2023 TechCrunch.

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India’s EMotorad rides high with $20M investment for global e-bike push

TechCrunch

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5 million in total funding, with Singapore’s Panthera Growth Partners leading the latest round, along with participation from […] © 2023 TechCrunch.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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Why Mozilla is betting on a decentralized social networking future

TechCrunch

Consumers are hungry for a new way of social networking, where trust and safety are paramount and power isn’t centralized with a Big Tech CEO in charge… or at least that’s what Mozilla believes. The mission-driven tech company behind the Firefox browser, Pocket reader and other apps is now investing its energy into the so-called […] © 2023 TechCrunch.

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Apple CEO Tim Cook says AI is a fundamental technology, confirms investments in generative AI

TechCrunch

Apple CEO Tim Cook pushed back a bit at the notion that the company was behind in AI on yesterday’s Q4 earnings call with investors, as he highlighted technology developments that Apple had made recently that “would not be possible without AI.” Specifically, the exec pointed to new iOS 17 features like Personal Voice and […] © 2023 TechCrunch.

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Yieldstreet to acquire real estate investment platform Cadre

TechCrunch

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors. Financial terms of the deal were not disclosed. Founded in 2015, Yieldstreet gives people a way to invest in areas like real estate, marine/shipping, legal finance, commercial loans and […] © 2023 TechCrunch.

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Why is cybersecurity venture funding so tepid despite the strong demand?

TechCrunch

Has late-stage investing declined so much that no technology subsector can really post impressive investment numbers? © 2023 TechCrunch. All rights reserved. For personal use only.

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The Startup Funding Gap

This resource discusses the gap between early funding from friends/family and the more substantial rounds from angel groups and VCs. Why does this gap exist and what can be done about it?

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Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

TechCrunch

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices. The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within […] © 2023 TechCrunch.

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Google DeepMind’s robotics head on general purpose robots, generative AI and office WiFi

TechCrunch

[A version of this piece first appeared in TechCrunch’s robotics newsletter, Actuator. Subscribe here.] Earlier this month, Google’s DeepMind team debuted Open X-Embodiment, a database of robotics functionality created in collaboration with 33 research institutes. The researchers involved compared the system to ImageNet, the landmark database founded in 2009 that is now home to more than […] © 2023 TechCrunch.

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Veteran life sciences firm RA Capital spins up ‘planetary health’ team to ride climate tech wave

TechCrunch

Partners at RA Capital realized that if they didn't try to address climate change and its health effects, their life science investments wouldn't be as impactful. © 2023 TechCrunch. All rights reserved. For personal use only.

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Git platform AllSpice now curries favor with enterprises

TechCrunch

AllSpice shifted its strategy to bring enterprise engineers together to more easily collaborate on projects. © 2023 TechCrunch. All rights reserved. For personal use only.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.