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Wendy Xiao Schadeck becomes Northzone’s first New York partner

5 years 9 months ago
Northzone‘s new partner Wendy Xiao Schadeck isn’t new to the firm — she actually joined back in 2015. Before entering the venture world, Schadeck co-founded co-working and childcare startup CoHatchery. As a Northzone principal, she’s already been involved in the firm’s investments in Spring Health (mental health), 3box (cloud infrastructure), Livepeer (blockchain-based video transcoding) and Magic.link […]

Rivian raises $2.65B as it pushes toward production of its electric pickup

5 years 9 months ago
Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other […]

Citrix is acquiring Wrike from Vista for $2.25B

5 years 9 months ago
Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion. Vista bought the company just two years ago. Citrix, which is best known for its digital workspaces, sees this as a good match, especially at a time when employees have been forced to work […]

WeChat advances e-commerce goals with $250B in transactions

5 years 9 months ago
WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more. That […]

Equity Tuesday: Everyone’s raising money, and Wrike exits yet again

5 years 9 months ago
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. […]

Fintech startup Vise brings on Andrew Fong (formerly Dropbox) as CTO

5 years 9 months ago
Vise, a fintech firm that focuses on helping financial advisors rather than automating them out of existence, has today announced that it is bringing on Andrew Fong as its chief technology officer. Fong hails from Dropbox, where he served as VP of Infrastructure Engineering. He actually started out as a site reliability engineer at Dropbox […]

Senator: ‘More transparency is needed’ by exam proctoring tech firms

5 years 9 months ago
Three of the leading exam proctoring companies are facing calls to be more transparent, amid continued claims of bias by students forced to take remote exams because of the ongoing pandemic. Exam proctoring tech lets students take remotely invigilated tests from home. Students are told to install their university’s choice of proctoring software, which allows […]

StackPulse announces $28M investment to help developers manage outages

5 years 9 months ago
When a system outage happens, chaos can ensue as the team tries to figure out what’s happening and how to fix it. StackPulse, a new startup that wants to help developers manage these crisis situations more efficiently, emerged from stealth today with a $28 million investment. The round actually breaks down to a previously unannounced […]

Microsoft invests in Cruise in new $2 billion round

5 years 9 months ago
Cruise has raised $2 billion in a new equity round that has pushed its valuation up to $30 billion and delivered Microsoft as an investor and partner. GM, Honda and other institutional investors have also put more capital into Cruise as the autonomous vehicle company inches closer to commercializing its technology. While Microsoft’s capital is […]

ETH spin-off LatticeFlow raises $2.8M to help build trustworthy AI systems

5 years 9 months ago
LatticeFlow, an AI startup that was spun out of ETH Zurich in 2020, today announced that it has raised a $2.8 million seed funding round led by Swiss deep-tech fund btov and Global Founders Capital, which previously backed the likes of Revolut, Slack and Zalando. The general idea behind LatticeFlow is to build tools that […]

Conversa Health expands its Series B round to $20M

5 years 9 months ago
Portland, Oregon-based Conversa Health, a virtual care and communication platform that helps health organizations stay in touch with their patients and customers, today announced that it has expanded its Series B funding round from $12 million to $20 million. The round is still co-led by Builders VC and Northwell Health’s venture arm Northwell Ventures. Additional […]

Calling Athens VCs: Be featured in The Great TechCrunch Survey of European VC

5 years 9 months ago
TechCrunch is embarking on a major project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in Athens, Greece will capture how the country is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. We’d like to know how Greece’s startup scene is evolving, how […]

India asks WhatsApp to withdraw new privacy policy over ‘grave concerns’

5 years 9 months ago
India has asked WhatsApp to withdraw the planned change to its privacy policy, posing a new headache to Facebook-owned service that identifies the South Asian nation as its biggest market by users. In an email to WhatsApp head Will Cathcart, the nation’s IT ministry said the upcoming update to the app’s data-sharing policy has raised […]
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