Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He […]
Former watch trader is now building the AWS of grid storage, Terralayr Read More »
Japanese electronics giant Casio has confirmed that many of its systems remain unusable almost two weeks after it was hit by a ransomware attack. Casio spokesperson Ayuko Hara told TechCrunch on Thursday that the company sees “no prospect of recovery yet” as it struggles to bounce back from the cyberattack. “Since October 5, our servers
Casio says ‘no prospect of recovery yet’ after ransomware attack Read More »
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation
Accel eyes stake in India’s Truemeds at $330 million valuation Read More »
CapWay, a Y Combinator-backed fintech that sought to bring financial services to those in so-called “banking deserts,” has been shut down, according to its founder Sheena Allen. Allen wrote about it on LinkedIn and confirmed to TechCrunch. “I am proud of the work we were able to accomplish, but honestly disappointed that we couldn’t complete
Y Combinator-backed fintech CapWay has shut down Read More »
Elias Torres has achieved a lot for somebody who immigrated to the US from Nicaragua at 17 without knowing any English. He served as a VP of engineering at HubSpot before co-founding Drift, a company that sold to Vista Equity for about $1.2 billion in 2021. “It’s very rare to get this far, but I’m
After selling Drift, ex-HubSpot exec launches AI for customer success managers Read More »
The U.S. is facing a shortage of electricians, with unfilled jobs in the field expected to grow by 11% per year over the next decade, according to the Bureau of Labor Statistics. But because prospective electricians in the U.S. typically need to log 8,000 hours before they can get their license, the shortage won’t ease
Fable has gained a reputation as the go-to startup for helping companies build digital products that are more accessible to people with disabilities. After raising $25 million in new funding, the Toronto-based startup is now expanding the communities it supports and working to make AI training data more inclusive. Fable started in 2020 as a
Fable adds cognitive and hearing impairments to its accessibility tools with $25M round Read More »
David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D.
Support automation firm Capacity grows with new cash and acquisitions Read More »
Pear VC, a prominent pre-seed and seed-focused venture firm, has been running an accelerator for about a decade with about 10 startups in each batch. Over those years, the small but mighty program has helped launch numerous companies like Viz.ai, whose FDA-approved AI can diagnose strokes (and was valued at $1.2 billion in 2022), relationship
Our favorite startups from Pear VC’s invitational demo day Read More »
Matt Mullenweg, the WordPress co-founder and Automattic CEO, has been embroiled in a very public and legal fight with WP Engine these last few weeks over the use of WordPress as a trademark, and fees Automattic believes WP Engine owes to the WordPress project – sparring that has resulted in WP Engine issuing legal demands
