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Apple commits to 20,000 US jobs, new North Carolina campus

5 years 6 months ago
Apple this morning announced a sweeping plan to invest north of $430 billion over the next five years. The company says the deal involves “economic benefits” in all 50 states and would create, all told, 20,000 additional jobs in the United States over that time period. The plan is an extension of one it announced […]

Founded by Australia’s national science agency, Main Sequence launches $250M AUD deep tech fund

5 years 6 months ago
Main Sequence, the venture firm founded by Australia’s national science agency, announced today a new $250 million AUD (about $194.3 million USD) fund to invest in deep-tech startups. This is Main Sequence’s second fund and its oversubscribed raised included returning investors Horizons Ventures, Hostplus, Lockheed Martin, Temasek, private investors from Morgan Stanley Wealth Management and […]

Facebook introduces a new miniplayer that streams Spotify within the Facebook app

5 years 6 months ago
Facebook announced last week an expanded partnership with streaming music service Spotify that would bring a new way to listen to music or podcasts directly within Facebook’s app, which it called Project Boombox. Today, the companies are rolling out this integration via a new “miniplayer” experience that will allow Facebook users to stream from Spotify […]

Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash

5 years 6 months ago
More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Proofpoint is traded publicly on the Nasdaq exchange and as of its closing price on Friday, it had a market cap of $7.5 […]

Detroit-based Signal Advisors raises $10m Series A led by General Catalyst

5 years 6 months ago
Signal Advisors is building a specialized financial platform for financial advisors, and the company is announcing it raised a $10 million Series A led by Brian Ru and Hemant Taneja at General Catalyst. This funding is on top of the $6 million seed round it raised in 2020 from Detroit Venture Partners, Ludlow Ventures, General […]

Investors eat up Orbillion Bio’s plans for lab-grown wagyu beef, elk, and bison

5 years 6 months ago
Orbillion Bio’s plans to make high end meats in a lab have investors lining up for a seat at the company’s cap table. Mere weeks after launching from Y Combinator’s famous accelerator program, the Silicon Valley-based potential purveyor of premium lamb loins, elk steaks, bison burgers and more has managed to haul in $5 million […]

Mighty Networks raises $50M to build a creator economy for the masses

5 years 6 months ago
Mighty Networks, a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures. Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan […]

AI startup Faculty wins contract to predict future requirements for the UK’s NHS

5 years 6 months ago
Faculty, a VC-backed artificial intelligence start-up, has won a tender to work with the NHS to make better predictions about its future requirements for patients, based on data drawn from how it handled the COVID-19 pandemic. In December 2019, Faculty raised a $10.5M Series A funding round from UK-based VCs Local Globe, GMG Ventures, and, […]

China’s e-commerce giant JD.com starts paying some staff in digital yuan

5 years 6 months ago
China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that it has started paying some staff in digital yuan since January, the virtual version of the country’s physical currency. China has been busy experimenting with […]

India’s LEAD School raises $30 million to reach more students

5 years 6 months ago
An Indian startup that is helping digitize and transform affordable private schools to better serve students from middle and low-income groups of families said on Monday it has raised $30 million in a new financing round as it looks to scale its efforts in the world’s second most populous nation. GSV Ventures and WestBridge led […]

Alleged records of 20 million BigBasket users published online

5 years 6 months ago
A database of about 20 million alleged BigBasket users has leaked on a well-known cybercrime forum, months after the Indian grocery delivery startup confirmed it had faced a data breach. The database includes users’ email address, phone number, address, scrambled password, date of birth, and scores of interactions they had with the service. TechCrunch confirmed […]

YC-backed Kidato raises $1.4M seed to scale its online school for K-12 students in Africa

5 years 6 months ago
In public schools across Africa, classrooms are often overcrowded and this affects how teachers and students interact. The large classroom creates too much work for teachers leaving students’ individual problems unattended. Private schools are modeled to fix these issues, but they can be expensive for the average African middle-class professional with kids. Kidato, an online […]

Robo-advisor StashAway gets $25M Series D led by Sequoia Capital India

5 years 6 months ago
Investment app StashAway has raised a $25 million Series D led by Sequoia Capital India, with participation from returning investors Eight Roads Ventures and Square Peg. After regulatory approvals for the funding are completed, Sequoia Capital India managing director Abheek Anand will join StashAway’s board of directors as part of the round. StashAway does not […]

Gillmor Gang: FreeCoin

5 years 6 months ago
The current rave about newsletters and so-called or social audio is just the latest version of the story of podcasting. Take the idea that podcasting is experiencing a new wave of popularity and scaffolding. Are you sure? Apple is bent on turning the space into a subscription model, and we’re all going to twist again […]

Building a creator-focused OS

5 years 6 months ago
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading.  A week ago TechCrunch covered Pico’s $6.5 million funding round and described it as “a New York startup that helps online creators and media companies […]
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