Author: TechCrunch News

Shares of edtech company Chegg still haven’t recovered from their dive earlier this month. As you may recall, its stock fell off a cliff after the company reported its Q1 results. While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: It…

A year ago, Mike Butcher reported that Faye hopes to do for travel insurance what Lemonade did for general insurance, and that’s as good a summary of what Faye does as anything. The company was kind enough to share its (lightly redacted) pitch deck with me so I could take a look under the hood…

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Mary Ann and Alex were a dynamic duo this week, taking on a blizzard of tech news, startup updates, and questions that linger over hundreds of billions of dollars worth of venture capital investments. Here’s…

South Korea’s economic model has for decades leaned on export-led manufacturing operated by family-owned corporate giants. A 2015 report from McKinsey outlined how the country would need small companies to drive an innovative model in preparation for the next phase of economic growth. “The key to fostering such innovation is a vibrant startup community. ……

Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. Got coin? No? Well, Worldcoin did. Tools for Humanity, the team building Worldcoin, raised $115 million in a Series C round led by Blockchain Capital. The crypto-focused project was co-founded by OpenAI CEO Sam Altman with a three-part…

Last year’s techwide reckoning continues. In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta and Zoom. Startups, too, have announced cuts across all sectors, from crypto to enterprise SaaS. …

British startup Satellite Vu has raised £12.7 million ($15.8 million) to develop what it calls “the world’s thermometer”: a satellite constellation capable of monitoring thermal emissions around the world. The Series A-2 round was led by Molten Ventures, with participation from Seraphim Space, A/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation, and Stellar Ventures.…

If you’re having trouble accessing iMessage, you’re not alone. The tech giant’s support page states that iMessage is currently experiencing some issues. The page says “users may be unable to send or download attachments in iMessage.” Apple’s page says that the issues are still ongoing. According to third-party web monitoring service Downdetector, users are also having…

Episode Six, a global payments and banking infrastructure provider, today announced that it raised $48 million in a Series C funding round led by Avenir with participation from Anthos Capital. In an email, CEO John Mitchell said that the tranche will be used to expand Episode Six’s go-to-market efforts and scale its business as the company…

One of Endua’s hydrogen power banks One major problem with renewable energy sources like wind, solar and hydro is intermittency. This means they cannot be relied on constantly since, for example, the sun might stop shining or it might be a still, windless day. To fill gaps, users often rely on diesel generators or batteries.…