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Annie Siebert @ TechCrunch · 03/22/2021 10:30 EDT

The ‘Frankencloud’ model is our biggest security risk

The SolarWinds attack was successful because it took advantage of a vast, intermixed supply chain of technology vendors. The lesson? Complexity is the enemy of security. Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 03/22/2021 10:22 EDT

Equity Monday: Deliveroo sets IPO price range as we gear up for Y Combinator week

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 03/22/2021 10:10 EDT

NFTs could bridge video games and the fashion industry

Non-fungible tokens (NFTs) offer new ways for consumers to collect, wear and trade fashion online. Now that most fashion shows have scaled back or gone virtual, they may become an important tool for the industry. Read more

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TechCrunch
Sarah Perez @ TechCrunch · 03/22/2021 10:02 EDT

Tile brings its lost item-tracking service to wearables with Google Fitbit deal for Inspire 2 owners

Lost item finder Tile, the maker of the popular Bluetooth-powered tracker that can help you find your misplaced keys, bag, wallet or more, is bringing its tracking service to a wearable device for the first time with the launch of its Fitbit partnership. Starting today, all new and current Fitbit Inspire 2 users will gain […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 03/22/2021 10:00 EDT

Revolut applies for bank charter in the US

London-based fintech startup Revolut has announced that it is applying for a bank charter in the U.S. The company has submitted a draft application with the FDIC and the California Department of Financial Protection and Innovation. If the company manages to get a charter in California, it would let the company operate throughout the U.S. […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 03/22/2021 09:30 EDT

Zoom introduces new SDK to help developers tap into video services

One clear sign of a maturing platform is when the company exposes the services it uses for its own tools to other developers. Zoom has been doing that for some time introducing Zoom Apps last year and the Marketplace to distribute and sell these apps. Today, the company introduced a new SDK (software development kit) […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 03/22/2021 09:00 EDT

Camunda snares $98M Series B as process automation continues to flourish

It’s clear that automated workflow tooling has become increasingly important for companies. Perhaps that explains why Camunda, a Berlin startup that makes open source process automation software, announced an €82 million Series B today. That translates into approximately $98 million U.S. Insight Partners led the round with help from A round investor Highland Europe. When […] Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 03/22/2021 09:00 EDT

No-code business intelligence service y42 raises $2.9M seed round

Berlin-based y42 (formerly known as Datos Intelligence), a data warehouse-centric business intelligence service that promises to give businesses access to an enterprise-level data stack that’s as simple to use as a spreadsheet, today announced that it has raised a $2.9 million seed funding round led by La Famiglia VC. Additional investors include the co-founders of […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 03/22/2021 08:00 EDT

Mithril dives into chips again with a $55M infusion to Flex Logix

The once untouchable semiconductor sector continues to attract fervent attention from VCs. The latest news this morning is that Ajay Royan of Mithril Capital has led a $55 million Series D round of financing into Flex Logix, which builds chips designed to bring AI workflows to the compute edge. That follows on earlier rounds in […] Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 03/22/2021 08:00 EDT

Waterfund commits $50M to OurCrowd’s water and agtech portfolio

Waterfund, an investment and trading firm that specializes in acquiring and managing water-related infrastructure assets, today announced a deal with Israel-based crowdfunding platform OurCrowd that will see the Waterfund team commit $50 million to build a water- and agtech-focused portfolio of 15 companies. The first of these investments is in Plenty, a well-funded vertical farming […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/22/2021 05:00 EDT

Swedish fintech Zaver raises $5M to bring cardless payments and BNPL to ‘durables’ sector

Zaver, a Swedish fintech that enable merchants to accept cardless payments and offer buy-now-pay-later (BNPL) as an option, has raised $5 million in new funding. The company, which began life focused on P2P payments for marketplace transactions, is now doubling down on the durables sector (think: automotive, health & beauty, craftmanship etc.) for both online […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/22/2021 05:00 EDT

Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

The COVID-19 pandemic has led to people everywhere shopping more online and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. With more people in Latin America getting used to making purchases digitally, the company has experienced […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/22/2021 04:00 EDT

These undergraduates left university to build Flux, a payments startup now in YC

Traditional remittance companies, while necessary, currently have two flaws in speed and exorbitant fees. It can take a long while (days to weeks) for money sent from an immigrant in the U.S. to reach a relative in Nigeria. The fees charged depend on the amount sent — and let’s not forget the extra charges for […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 03/22/2021 02:09 EDT

Next Billion Users head Caesar Sengupta is leaving Google

Caesar Sengupta, the long-time head of Google’s Next Billion Users initiative, is leaving the company next month, he said Monday. Sengupta, who additionally also led the company’s payments service in the past three years, is leaving the firm after nearly 15 years. A regular fixture at Google’s events in India, Brazil, and Indonesia, Sengupta is […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/22/2021 02:00 EDT

Spark Capital decides to “sever all ties” with David Dobrik’s Dispo app weeks after leading investment

Venture capital firm Spark Capital has decided to ‘sever all ties’ with Dispo, a photo-sharing app co-created by famous YouTuber David Dobrik. The move, announced by the firm late Sunday, was triggered by a recent investigation by Business Insider that exposed allegations from a woman who said that a member of Dobrik’s Vlog Squad sexually […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 03/22/2021 01:58 EDT

Indonesian savings and investment app Pluang gets $20M in pre-Series B funding

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. The company offers proprietary savings and investment products that allow users to make contributions starting from 50 cents USD. Go Ventures, the investment arm of Gojek, also […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 03/22/2021 00:39 EDT

Singapore-based M Capital Management closes $30.85M debut fund to invest in Southeast Asian startups

M Capital Management, a Singapore-based venture capital firm, announced today it has closed its debut fund, M Venture Partners (MVP), totaling $30.85 million USD. It plans to invest in 40 early-stage startups, primarily seed and pre-Series A, with an average initial check size of about $500,000. M Capital Management was founded by Mayank Parekh, whose […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/22/2021 00:00 EDT

Aldea Ventures creates ‘hybrid’ European €100M fund to invest both in Micro VCs, plus follow-on

The historical trajectory of venture capital has been to move to earlier and earlier finding rounds in order to capture the greatest potential multiple on exit. In the US, we’ve seen an explosion of Pre-series A funds, and similarly in Europe. But there’s been an opportunity to tie a lot of that activity together and […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 03/21/2021 18:49 EDT

Sivo, a young “Stripe for debt” led by an veteran operator, seems to have investors clamoring

Kate Hiscox is having a moment. Her company, Sivo, founded eight months ago, has already raised $5 million from investors at a post-money valuation of $100 million, and she is in active talks with others who would like her to consider accepting Series A funding from them. Partly, the attention owes to the fact that […] Read more

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TechCrunch
David Riggs @ TechCrunch · 03/21/2021 11:30 EDT

The debate about cryptocurrency and energy consumption

Energy consumption has become the latest flashpoint for cryptocurrency. Critics decry it as an energy hog while proponents hail it for being less intensive than the current global economy.  One such critic, DigiEconomist founder Alex de Vries, said he’s “never seen anything that is as inefficient as bitcoin.”  On the other side of the debate, […] Read more

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