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Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance

Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance

When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software that helps manage and automate the performance of EVs. Pull Systems,…

Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy

Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday Crunch! There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the…

‘Trust is a hard thing to earn’: SVB’s closure could disproportionately affect Black founders

‘Trust is a hard thing to earn’: SVB’s closure could disproportionately affect Black founders

Dakotah Rice, the founder of investing platform Poolit, was sitting on his couch Thursday watching CNBC as he does every morning. Then, his phone started ringing — and didn’t stop. “I started getting texts and calls from my investors saying, ‘Look, you should move your money out of Silicon Valley Bank, something’s going on there,’”…