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Matt Burns @ TechCrunch · 03/08/2021 10:27 EDT

Attend TechCrunch’s free virtual Miami meetup on March 11

TechCrunch is hosting a small virtual meetup this Thursday centered around Miami. We hope you can attend. It’s free. This is our first (virtual) field trip to Miami. Even though we can’t be there physically right now, it’ll sure feel like we are. All lights will be shining on the Magic City. The area is […] Read more ›

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TechCrunch
Alex Wilhelm @ TechCrunch · 03/08/2021 10:17 EDT

Equity Monday: More money for fintech, Deliveroo’s IPO, and AI startups

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
Ron Miller @ TechCrunch · 03/08/2021 10:15 EDT

McAfee sells enterprise biz to Symphony Technology Group for $4B

Security firm McAfee announced this morning that will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. It should pair well with RSA, another enterprise-focused security company the private equity firm purchased last February for $2 billion. McAfee President and Chief Executive Officer, Peter […] Read more ›

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TechCrunch
Romain Dillet @ TechCrunch · 03/08/2021 09:44 EDT

PayPal to acquire cryptocurrency custody startup Curv

PayPal has announced that it plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel. Israeli newspaper Calcalist originally reported the move. And PayPal has now made an official announcement. Curv is a cryptocurrency custody company, which means that it helps you store your crypto assets securely. The company operates a cloud-based service […] Read more ›

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TechCrunch
Brian Heater @ TechCrunch · 03/08/2021 09:40 EDT

The rise of the tech workers union and what comes next

While not entirely non-existent, the union has been an elusive phenomenon in Silicon Valley. More recently, however, big names like Google and Kickstarter have taken key steps toward forming unions, as have smaller startups like Glitch, which made history this week by signing a collective bargaining agreement – the first team of software engineers to […] Read more ›

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TechCrunch
Brian Heater @ TechCrunch · 03/08/2021 09:00 EDT

Last-mile delivery robotics company Refraction AI raises $4.2M

Ann Arbor-based Refraction AI announced today that it has raised a $4.2 million seed round. The startup, which debuted on the TechCrunch Sessions: Mobility stage back in 2019, was founded by a pair of University of Michigan professors (Matthew Johnson-Roberson — now CTO — and Ram Vasudevan) seeking to solve a number of issues posed […] Read more ›

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TechCrunch
Manish Singh @ TechCrunch · 03/08/2021 08:26 EDT

Amazon expands its food delivery service across Bangalore

Amazon said on Monday it has expanded its food delivery service, called Amazon Food, across 62 zip codes in Bangalore, in what is the first public update since entering the new category in India last May. The American e-commerce group said Amazon Food now reaches key localities in Bangalore such as Whitefield, HSR, Sarjapur, Koramangala, […] Read more ›

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TechCrunch
Sophie Burkholder @ TechCrunch · 03/08/2021 08:15 EDT

New clinical trial data from Locus Biosciences shows promise in CRISPR-Cas3 technology

Antibiotic resistance is one of the biggest potential threats to global health today. But Locus Biosciences is hoping that their crPhage technology might provide a new solution. Based in North Carolina’s Research Triangle, the startup recently announced promising phase 1b clinical trial results for their use of CRISPR-Cas3-enhanced bacteriophages as a treatment for urinary tract […] Read more ›

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/08/2021 08:00 EDT

Egypt’s customer engagement platform for F&B brands in MENA, Koinz, raises $4.8M seed

As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Koinz is one such startup in Egypt. Its value for food and beverages brands before, during and after the lockdowns has bagged the startup a $4.8 million seed round. […] Read more ›

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TechCrunch
Kirsten Korosec @ TechCrunch · 03/08/2021 08:00 EDT

The Station: Another Uber spinout is born and EVs dominate SPACs

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.  Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to […] Read more ›

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TechCrunch
Devin Coldewey @ TechCrunch · 03/08/2021 06:01 EDT

Swiss maker of meat alternatives Planted will expand and diversify with $18M Series A

Planted, a startup pursuing a unique method of creating a vegetarian chicken alternative, has raised an $18M (CHF 17M) Series A to expand its product offerings and international footprint. With new kebabs and pulled-style faux meats available and steak-like cuts in the (literal) pipeline, Planted has begun to set its sights outside central Europe. The […] Read more ›

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/08/2021 05:26 EDT

UK challenger bank Starling raises $376M, now valued at $1.9B

Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller and faster-moving tech-based banking startups to woo customers from their larger rivals. In the latest development, UK-based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money valuation of £1.1 billion. This […] Read more ›

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/08/2021 04:11 EDT

Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows

The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food delivery company backed by Amazon and others published selected updated financials for the previous fiscal year, along with its Expected Intention to Float (EITF) […] Read more ›

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TechCrunch
Kirsten Korosec @ TechCrunch · 03/08/2021 03:01 EDT

Porsche raises stake in electric car and components maker Rimac Automobili

Rimac Automobili, the Croatian company known for its electric hypercars and battery and powertrain development, has gained yet another investment from Porsche AG. Porsche said Monday it has invested 70 million euros ($83.3 miilion) into Rimac, a move that increases its stake from 15% to 24%. This is the third time Porsche has invested into […] Read more ›

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TechCrunch
Rita Liao @ TechCrunch · 03/08/2021 02:00 EDT

Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz

One of the few industries that have benefited from the COVID-19 crisis is online finance. Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong’s WeLab, a fintech company founded in 2013, saw users soar by 20% year-over-year in 2020, bringing its accumulative user base to 50 million. Facing innovative players […] Read more ›

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TechCrunch
Brian Heater @ TechCrunch · 03/08/2021 01:00 EDT

OnePlus recruits Hasselblad for three-year smartphone imaging deal

Imaging has long been the primary battlefield on which the smartphone battles are waged. It makes sense. The thing about smartphones in 2021 is that they’re mostly very good. Sure, there are differentiators, but if you spend a decent amount on a device from any major manufacturer, you’re probably going to get a pretty good […] Read more ›

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TechCrunch
Manish Singh @ TechCrunch · 03/08/2021 00:53 EDT

Google unveils $25 million in grants aimed at empowering women and girls

Google announced a range of programs as well as grants worth $25 million on Monday to fund works of nonprofits and social enterprises that are committed to empower women and girls. The effort, unveiled on Internet Women’s Day, is aimed at addressing systemic barriers so that women get access to economic equality, opportunity to build […] Read more ›

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TechCrunch
Rita Liao @ TechCrunch · 03/08/2021 00:21 EDT

Chinese beauty app Meitu bought $40 million worth of cryptocurrency

Following in the footsteps of Tesla, Chinese app maker Meitu has joined the ranks of cryptocurrency investment. In the early 2010s, Meitu reached such dominance in the portrait touch-up space that its eponymous flagship app became a verb for “photo beautifying” in China. But in recent years, as smartphones became to offer built-in filters, photo […] Read more ›

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TechCrunch
Catherine Shu @ TechCrunch · 03/07/2021 21:00 EDT

Praava Health raises $10.6M to increase access to quality healthcare in Bangladesh

Before launching Praava Health, a company that combines telemedicine with physical clinics, Sylvana Sinha had a successful career in international law, including serving as a foreign policy advisor to Barack Obama’s 2008 presidential campaign and working for the World Bank in Afghanistan. While visiting Bangladesh in 2014 for a family wedding, however, Sinha had a […] Read more ›

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TechCrunch
Steve Gillmor @ TechCrunch · 03/07/2021 18:24 EDT

Gillmor Gang: Win Win

Just finished a Twitter Spaces session. It is an engaging platform, somewhat clunky in feature set but easily a tie overall with Clubhouse. I don’t see this as a horse race, however, more as cooperating teams fleshing out a platform where both will be major players. Like notifications in iOS and Android, the feature set […] Read more ›

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