Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The company, which was founded in 2011 and is led by CEO Dan Preston,
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YouTube today confirmed that it has suspended right-wing cable channel One America News Network (OAN or OANN for short). The penalty comes after a violation of YouTube’s stated COVID-19 misinformation guidelines. As a result, the network will be barred from posting new videos for a week,
Rocket Lab has successfully recovered the first stage of an Electron launch vehicle after it made a controlled splashdown in the Atlantic, marking a major milestone in the company’s quest for a reusable rocket. CEO Peter Beck, speaking to press shortly after the operation,
Discord, the communications service that’s become the 21st century’s answer to MUD rooms, is close to closing a new round of financing that would value the company at up to $7 billion, according to sources with knowledge of the round.
Instagram is developing a new product, Frequently Asked Questions (FAQ), that will allow people to start conversations with businesses or creators’ accounts by tapping on a commonly asked question within a chat.
Dija, a new U.K. based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. According to multiple sources, the round, which has yet to close, is being led by Blossom Capital,
Data platform Splunk continues to make acquisitions as it works to build out its recently launched observability platform. After acquiring Plumbr and Rigor last month, the company today announced that it has acquired Flowmill, a Palo Alto-based network observability startup.
I hope this election will change the temperament of our nation and its citizens. I hope it will lead more people to ignore the tactics of both political parties and organizations seeking their attention and support.
Marie Ekeland has unveiled her next act — and it’s a new fund called 2050. But it’s not your average French VC fund as it’s going to be an evergreen fund focused on building a better world. It sounds ambitious, but Ekeland isn’t just daydreaming as she has a detailed action plan. If you’re not […]
Twitter announced today it’s planning to relaunch its verification system in 2021, and will now begin the process of soliciting public feedback on the new policy ahead of its implementation. Under the policy, Twitter will initially verify six types of accounts,
Last week, Udemy, an online learning marketplace, raised $50 million at a $3.32 billion valuation, up from a $2 billion valuation earlier this year. Language learning app Duolingo raised $35 million on a $2.4 billion valuation, up from a $1.65 valuation from earlier this year.
The Securities and Exchange Commission has issued rules that would allow public and private companies to offer equity compensation to gig workers.
Building tech startups takes cash — and lots of it. But when you’re talking space startups, you’re talking galactic-level money. Costs blast right through Earth’s exosphere and become, literally, astronomical. If space is your jam, you’re going to need financial help,
Trump’s election denialism saw him retaliate in a way that isn’t just putting the remainder of his presidency in jeopardy, it’s already putting the next administration in harm’s way. In a stunning display of retaliation,
HuffPost is becoming part of BuzzFeed, but HuffPost India and HuffPost Brasil will not be making the transition — both sites are shutting down today. “Today is @huffpostIndia’s last day,” tweeted the team’s editor in chief Aman Sethi. “Pound for pound, story for story, reporter for reporter,
Fortnite’s free to play model has no doubt been a big driver in the battle royale title’s stratospheric success. Epic clearly hasn’t had much issue monetizing the game. While revenue slipped last year, it still managed to pull in a massive windfall of $1.
Surging Tesla shares have pushed the company’s market capitalization to more than $515 billion, a fivefold increase since the start of the year. The traditionally volatile stock has continued to experience price swings. But since reaching a low for the year in March,
With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition.
Australia’s intelligence agencies have been caught “incidentally” collecting data from the country’s COVIDSafe contact tracing app during the first six months of its launch, a government watchdog has found. The report,
Proxyclick began life by providing an easy way to manage visitors in your building with an iPad-based check-in system. As the pandemic has taken hold, however, customer requirements have changed, and Proxyclick is changing with them. Today the company announced Proxyclick Flow,
U.S. challenger bank Current, which has doubled its member base in less than six months, announced this morning it raised $131 million in Series C funding, led by Tiger Global Management. The additional financing brings Current to over $180 million in total funding to date,
Time flies. It was nearly a year ago that The Exchange started keeping tabs on startups that managed to reach $100 million in annual recurring revenue, or ARR. Our goal was to determine which unicorns were more than paper horses so we could keep tabs on upcoming IPO targets. We found that Bill.com,
F3, an anonymous Q&A app targeting Gen Z teens which blends a Tinder-style swipe-to-friend gamification mechanic, Stories-esque rich media responses and eye-wateringly expensive subscriptions to unlock a ‘Plus’ version that actually lets you see who wants to friend you — has raised a $3.
Supply chains used to be one of those magical elements of capitalism that seemed to be designed by Apple: they just worked. Minus the occasional salmonella outbreak in your vegetable aisle, we could go about our daily consumer lives never really questioning how our fast-fashion clothes,
Back in 2018 Day One Ventures launched in Silicon Valley specifically designed to be both a VC and an investor that would also lead marketing and communications for its portfolio. Two years on, Day One has invested in numerous startups to do just that and has today filed with the SEC its new $52.
The concept of the customer data platform (CDP) is a relatively new one. Up until now, it has focused primarily on pulling data about an individual consumer from a variety of channels into a super record,
India is not done banning Chinese apps. The world’s second largest internet market, which has banned over 175 apps with links to the neighboring nation in recent months, said on Tuesday it was banning an additional 43 such apps. Like with the previous orders,
The Netherlands’ ecosystem has been flourishing; more than $85 million was invested in regional startups in 2019 alone. The nation’s proximity to the U.K.,Belgium, France and Germany makes Amsterdam a natural gateway to those markets. Long ago the savvy Dutch realized this,
Google wants to organize the world’s information but European lawmakers are in a rush to organize the local digital sphere and make Europe “the most data-empowered continent in the world”, internal market commissioner Thierry Breton said today,
JoomPay, a startup with a similar product to PayPayl-owned Venmo in the US, is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send and receive money with anyone, instantly and for free.
TikTok announced today it is rolling out a new feature that will allow people with photosensitive epilepsy to automatically skip videos that can trigger seizures.
Consumer drones have over the years struggled with an image of being no more than expensive and delicate toys. But applications in industrial, military and enterprise scenarios have shown that there is indeed a market for unmanned aerial vehicles, and today,
TechCrunch is embarking on a major new project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in Israel will capture how the country is faring, and what changes are being wrought amongst investors by the coronavirus pandemic.
After raising $215 million from SoftBank to double down on the surge of interest in online learning, Kahoot has made an acquisition to expand the scope of subjects that it covers. The popular startup, which lets people build and share educational games, has picked up Drops,
Caura, the U.K. startup that wants to take the hassle out of car ownership, is launching car insurance — unveiling its insurtech ambitions. Dubbed “Caura Protect,” the new insurance product claims to reduce the cost and time taken to insure a car,
The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG.