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News from TechCrunch

Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note to employees

TechCrunch

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Cybersecurity startup Wiz rejected a $23 billion acquisition offer from Alphabet, despite it being nearly double its last valuation. CEO Assaf Rappaport informed Wiz’s 1200 employees of their decision to stay i...

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From Yandex's ashes comes Nebius, a 'startup' with plans to be a European AI compute leader

TechCrunch

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Nebius, an AI infrastructure startup, has emerged from the remnants of Yandex, a Russian internet giant often compared to Google. After the Russian-Ukraine conflict resulted in the Nasdaq halting trading, Yande...

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X is building a ‘dislike’ button for downvoting replies

TechCrunch

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Elon Musk’s X (formerly Twitter) is developing a downvote feature, potentially resembling a “dislike” button with a broken heart icon, found in X’s iOS app code. Initially tested in 2021, the feature now seems ...

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Talky social app Airchat gets a major overhaul, making it more like an asynchronous Clubhouse

TechCrunch

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Airchat, a voice message-based social app, is pivoting to an asynchronous Clubhouse model with topic-specific channels for voice and video responses. Founded by Naval Ravikant and Brian Norgard, this is its sec...

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Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened

TechCrunch

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The collapse of BaaS fintech Synapse has raised concerns about the banking-as-a-service concept and its impact on end-users and other fintechs. Synapse provided banking services for other companies, allowing th...

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Marc Andreessen, Sequoia again back Kearny Jackson, this time in $65M Fund III

TechCrunch

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Early-stage VC firm Kearny Jackson has raised $65 million in capital commitments for its third fund, with participation from several first-time institutional funds. The firm invests in B2B SaaS, infrastructure,...

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Spotify is no longer just a streaming app, it's a social network

TechCrunch

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Spotify has introduced a comments feature for podcasts, a move that further positions the app as a social network for audio content. Podcasters can now engage with listeners directly within Spotify, alongside o...

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Elon Musk does not owe ex-Twitter staffers $500 million in severance, court rules

TechCrunch

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Elon Musk has won a lawsuit that accused him of not providing promised severance pay to more than 6,000 former Twitter employees following his takeover of the company in 2022. The lawsuit claimed that these emp...

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Duolingo acquires Detroit-based design studio Hobbes

TechCrunch

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Design and animation are core to the Duolingo experience, which makes learning a new language or skill more like a game rather than a task to be dreaded....

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Medial Quiz

Which Indian fintech startup introduced the concept of 'Buy Now, Pay Later' in India?

• LazyPay• PhonePe• Paytm• MobiKwik

Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms

TechCrunch

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SaaS Ventures, along with other investment firms like Alpha Partners and SignalRank, are helping seed-stage and Series A VCs exercise their pro-rata rights. Pro-rata rights allow VCs to buy more shares in a com...

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KOO Shuts Down.

TechCrunch

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Indian social media platform Koo is shutting down after acquisition talks with Dailyhunt fell through. Despite securing over $60 million in funding from investors like Tiger Global and Accel, Koo struggled to e...

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X weighs adding a downvote button to replies — but it doesn't want to emulate Reddit

TechCrunch

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Twitter, now known as X, is considering bringing back a downvote feature for posts. This feature was previously tested in 2021 and involves users being able to downvote replies. Code references found in the X i...

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Spotify tests emergency alerts in Sweden

TechCrunch

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Spotify is testing an emergency alerts system in Sweden, according to code references found within the app. The system would distribute public announcements related to accidents, serious events, or disruptions ...

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Japan's SmartHR raises $140M Series E as strong demand for HR tech boosts its ARR to $100M

TechCrunch

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SmartHR, a cloud-based human resources software startup, has raised $140 million in a funding round led by KKR and Teachers' Ventures Growth. This comes three years after SmartHR raised $142.5 million in a prev...

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AI-powered scams and what you can do about them

TechCrunch

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AI-powered scams are increasingly sophisticated, leveraging AI technologies to create highly convincing phishing attacks, fake profiles, and deepfake videos. To combat these scams, individuals and organizations...

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Identity.vc is bringing capital and community to Europe's LGBTQ+ venture ecosystem

TechCrunch

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Berlin-based venture firm Identity.vc has been launched to invest in early-stage companies with LGBTQ+ founders or executives, with the aim of building a European community of LGBTQ+ founders and investors. The...

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Robot cats, dogs and birds are being deployed amid an 'epidemic of loneliness'

TechCrunch

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Amid a growing epidemic of loneliness, robot pets like cats, dogs, and birds are being deployed to help alleviate social isolation. These robotic companions, which can simulate real pet behaviors, are aimed at ...

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Here are India's biggest AI startups based on how much money they've raised

TechCrunch

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India's AI startup ecosystem is reminiscent of the early days of SaaS in the country, with funding constraints but promising opportunities. Some Indian startups are focusing on integrating local language suppor...

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Medial Quiz

Which Indian e-commerce company started as a book retailer?

• Flipkart• Snapdeal• Myntra• Paytm Mall

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