India's Yes Bank breakdown disrupts Walmart's PhonePe among a dozen other services: Manish Singh
Tens of millions of merchants and users in India are struggling to make online transactions and use some of their popular services after the nation’s central bank seized control of Yes Bank, the fourth largest lender in the country. The emergency takeover of …
Greece's Convert Group raises €1.2M to bring e-commerce visibility to FMCG: Steve O'Hear
Convert Group, a startup based in Athens that offers a SaaS to help FMCG (fast-moving consumer goods) brands understand how they are performing across e-commerce, has raised €1.2 million in seed funding. The investment comes from Uni.fund, which is backed by …
Mark Cuban backs ChatableApps, developer of a hearing assist app that removes background noise: Steve O'Hear
ChatableApps, a U.K. startup commercialising the work of auditory neural signal processing researcher Dr Andy Simpson, has quietly picked up seed backing from Mark Cuban. The company has built a smartphone app that provides hearing assistance by removing back…
Microsoft will pay hourly workers regular wages even if their hours are reduced because of COVID-19 concerns: Catherine Shu
As more COVID-19 cases are identified in the United States, some companies are asking employees to work from home if possible. But that impacts the jobs of people who work in on-site operations, including many who are paid by the hour. Today Microsoft said th…
Spindrift, maker of fizzy drinks, has raised $29.8 million: Natasha Mascarenhas
Spindrift, maker of fizzy soda and sparkling water, has raised $29.8 million in a funding round, per an SEC filing. The Charlestown, Mass. company was founded by Bill Creelman and has raised $70 million in known venture capital funding to date, per Crunchbase…
Axiom Space pitches its first 10-day, all-inclusive trip to the ISS for just $55 million: Jonathan Shieber
Axiom Space is looking to make history by sending three passengers on a round-trip journey to the International Space Station for the low, low price of $55 million. The Houston -based, venture-backed company has signed a contract with SpaceX for a Crew Dragon…
Mobile banking app Empower Finance just closed a $20 million Series A round: Connie Loizos
Another afternoon, another round of funding for a mobile banking app. This time, it’s Empower Finance a San Francisco-based company that’s headed up by former Sequoia Capital partner Warren Hogarth and which just closed on $20 million in Series A funding from…
Pex buys Dubset to build YouTube ContentID for TikTok & more: Josh Constine
Social networks are in for a rude copyright awakening. A new European Union law called Article 17 essentially eradicates safe harbor and requires that they’ve made their “best effort” to get licenses from rights holders for all content on their platform. If a…
Nvidia acquires data storage and management platform SwiftStack: Frederic Lardinois
Nvidia today announced that it has acquired SwiftStack, a software-centric data storage and management platform that supports public cloud, on-premises and edge deployments. The company’s recent launches focused on improving its support for AI, high-performan…
Stocks fell sharply today, briring yet more unwelcome volatility to tech shares: Alex Wilhelm, Jonathan Shieber
Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still skittish about the effect the rapid…
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