[[{“value”:” Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M
[[{“value”:” The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup, […] © 2024 TechCrunch….
Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
[[{“value”:” Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
ButcherBox acquires ‘Shark Tank’-featured startup Truffle Shuffle
[[{“value”:” ButcherBox is known for grinding its way forward, bootstrapping to more than $600M worth of revenue. The company hasn’t traditionally been on the M&A path, but it today announced it is acquiring Truffle Shuffle – who you may remember from a Shark Tank episode back in 2021 (or, perhaps, The Goonies). The acquisition helps ButcherBox […] © 2024 TechCrunch….
Freshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO
[[{“value”:” Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that founder Girish Mathrubootham has stepped down as CEO. Dennis Woodside, who joined Freshworks as president in September 2022 and previously served as CEO of Motorola Mobility, will […] © 2024 TechCrunch….
TikTok gets Tay and Billie back with new UMG content licensing deal
[[{“value”:” Users on TikTok can once again create music clips using tracks from UMG’s catalog, a list featuring some of the biggest names in music today: Taylor Swift, Billie Eilish, and Ariana Grande. That’s because, after months of fighting, the social media platform and Universal Music Group (UMG) have finally called a truce with a new […] © 2024 TechCrunch….
Haun Ventures is riding the bitcoin high
[[{“value”:” Haun Ventures has made 48 investments, including some of its token positions, across its early-stage $500 million and $1 billion later-stage acceleration funds. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Snapchat launches new AR and ML tools for brands and advertisers
[[{“value”:” At the 2024 IAB NewFronts event on Wednesday, Snapchat announced a series of new augmented reality (AR) and machine learning (ML) tools designed to help brands and advertisers reach users on the social network with interactive experiences. The company said that it’s been investing in ML and automation to make it faster and easier for […] © 2024 TechCrunch….
From Connie Chan to Ethan Kurzweil, venture capitalists continue to play musical chairs
[[{“value”:” When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry. It was surprising because unlike in many other fields, venture capitalists don’t traditionally move […] © 2024 TechCrunch….
Anthropic launches new iPhone app and premium plan for businesses
[[{“value”:” Anthropic, the generative AI startup backed by Amazon and Google, is launching a new paid plan aimed at business customers. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]