The HashiCorp IPO intends to shoot the narrows between Thanksgiving and Christmas, with its first IPO pricing interval set to give it among the richest valuations of any technology company with a strong open source component to its core business. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get
Month: November 2021
Startups are often questions: What if we did things in a new way, instead of the way we have been? Massive is a good example of the genre: What if users could pay for apps or services not with money or attention, but with their spare compute power? The general concept of distributed compute power
At AWS’s re:Invent conference this morning, the company announced AWS IoT TwinMaker, a new service that makes it easy to create and use digital twins of real-world systems. For context, digital twins are virtual representations of things like buildings, factories, production lines, and equipment that are regularly updated with real-world data to mimic the behavior
Civil society has been poring over the detail of the European Commission’s proposal for a risk-based framework for regulating applications of artificial intelligence which was proposed by the EU’s executive back in April. The verdict of over a hundred civil society organizations is that the draft legislation falls far short of protecting fundamental rights from
Google today announced the winners of its “Best of 2021” app awards, which highlight both the company’s and users’ picks for the best apps and games from the past year. This year, Google is expanding its awards lineup to include apps and games on tablets, Wear OS and Google TV, it says. Its U.S. winners
Paris-based VC firm Partech has announced the closing of the fundraising of its new growth fund. Partech Growth II is the firm’s second growth fund. And the team managed to raise $750 million. As a reminder, Partech Growth I was a smaller fund with €400 million under management, which represents $460 million at today’s exchange
French startup Jump wants to disrupt the industry of umbrella companies. Those companies provide an alternative to traditional freelancing jobs. They can hire workers on permanent contracts so that they get the stability and the benefits that come with a full-time contract. But workers remain independent — they can work with multiple clients and they
Facebook whistleblower Frances Haugen will go before Congress again this week, this time offering her unique perspective on the company’s moderation and policy failures as they relate to Section 230 of the Communications Decency Act, the key legal shield that protects online platforms from liability for the user-created content they host. The House Energy and
Being in control of customer data is one of the ways retailers, like Amazon, Spotify and Netflix, are able to tap into consumer behavior and create customized experiences whenever a user logs in. Those are some of the reasons Amazon, in particular, is poised to grab 50% of the U.S. e-commerce market this year, and
In a significant push against big tech’s ability to maintain market dominance through sheer buying power, the UK’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times‘ earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented earlier competition
Well, so much for a relaxed post-holiday week on Monday. News broke this morning that Twitter CEO Jack Dorsey is stepping down from the company entirely. The company’s CTO, Parag Agrawal, will be taking over at the helm. Saleforce exec Bret Taylor will take over as board chairman. So, Amanda and Natasha and Alex jumped
Hello and welcome back to Max Q! I hope everyone had a wonderful Thanksgiving-slash-holiday weekend. It’s more than a little mind-boggling that we’re reaching the end of 2021, but that only means one thing: TC Sessions: Space is almost here! You can still join us for the two-day event; more details are below. As usual,
Marjorie Radlo-Zandi Contributor Marjorie Radlo-Zandi is an entrepreneur, board member, mentor to startups and angel investor who shows early-stage businesses how to build and successfully scale their businesses. If you’re an entrepreneur looking to grow your business internationally, expanding into multiple countries can exponentially impact your bottom line business and brand, allowing you to grow
When Twitter co-founder Jack Dorsey announced today his plans to step down as CEO, he didn’t go quietly. “There’s a lot of talk about the importance of a company being ‘founder-led,’” he wrote. “Ultimately I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away
Amazon CloudWatch was introduced way back in 2009 to help AWS customers view data about their cloud usage and spending. Today at the dawn of AWS re:Invent, the company’s cloud customer conference taking place in Las Vegas this week, the cloud division announced a couple of enhancements to the product. Amazon has been building on
Controversial facial recognition company Clearview AI is facing a potential fine in the UK. It has also been handed a provisional notice to stop further processing of UK citizens’ data and to delete any data it already holds as a result of what the Information Commissioner’s Office (ICO) described as “alleged serious breaches” of national
A number of startups are experimenting with what a better social app could look like. For a startup called Alms, the answer is a social network that focuses on users’ well-being through participation in creator-led challenges in areas like personal growth, sustainability, and others with positive impacts. Instead of driving the collection “likes,” as on
Companies today want to avoid the lock-in they faced in the past with a single vendor. As a result, they are hedging their bets with a multi-cloud strategy, but this creates a new problem around finding a single tool for managing it all. That’s where Upbound comes in with its open source Crossplane multi-cloud management tool.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. With a holiday-impacted week behind us, we hope that you are ready for the next few weeks of busy news. Because starting in the back-half of December, the world is going to slow
CNBC reported this morning that Twitter CEO Jack Dorsey is expected to step down from his role at the social media company. Dorsey is the CEO of both Twitter and Square, a financial company that serves both consumer and corporate customers with payment, cash management and transference services. Twitter’s stock rose on the news that
Kerry Cunningham Contributor Currently senior principal at 6sense, Kerry Cunningham is a thought leader in B2B marketing and is a former SiriusDecisions and Forrester analyst. A few years back, my former colleagues and I at SiriusDecisions introduced what we called the Intent Data Framework (IDF). About a year ago, we updated the model to include
Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all-cash transaction. At its exit Busuu had raised only $16.1m in total, a tiny amount even I in European terms, and testament to the sheer grit
YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the United Arab Emirates (U.A.E), and to enter Saudi Arabia and Qatar next year, to tap the appetite for speedy and convenient grocery shopping. The startup, which was formally launched last month, is expanding in the U.A.E cities of Abu Dhabi and Dubai by setting
Amanda Keton Contributor Christian Humborg Contributor As COVID-19 spread rapidly across the world in 2020, people everywhere were hungry for reliable information. A global network of volunteers rose to the challenge, consolidating information from scientists, journalists and medical professionals, and making it accessible for everyday people. Two of them live almost 3,200 kilometers away from
Talent Garden is a sort of ‘European-WeWork-meets-General-Assembly’ in that its business model is a combination of co-working spaces (in places like Italy, Austria, Romania, among others) plus online/offline digital courses. It’s also a post Series B company (its last round was $73.5 million), having raised from investors such as 500 Startups and Social Capital. It’s
Ion Yadigaroglu Contributor Ion Yadigaroglu is managing partner of Capricorn Investment Group and a GP of Capricorn’s Technology Impact Fund. He is an early investor in iconic deep tech companies including Tesla, SpaceX, Planet, Saildrone, QuantumScape, Joby Aviation, Helion Energy, Twelve, Electric Hydrogen, Redwood Materials and others. He serves on the board of nonprofit Ceres
It was only in June that Motorway – a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale – raised $67.7 million in a Series B round. It’s now raised a $190m Series C funding round led by Index Ventures and ICONIQ Growth, a leading Silicon
Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with
As part of an ongoing antitrust investigation into Google’s Privacy Sandbox by the UK’s competition regulator, the adtech giant has agreed to an expanded set of commitments related to oversight of its planned migration away from tracking cookies, the regulator announced today. Google has also put out its own blog post on the revisions —
Apple and Google have been fined €10 million apiece by Italy’s competition and market authority (AGCM) which has found they did not provide their users with clear enough information on commercial uses of their data — in violation of the country’s consumer code. The regulator also accuses the pair of deploying “aggressive” practices to push
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