Author: TechCrunch News

Tax evasion, money laundering and other financial crimes are massive, costly issues. In 2021, the Internal Revenue Service estimated that the U.S. loses $1 trillion a year due to tax evasion alone. IVIX thinks AI can help with that. The Tel Aviv–based startup uses AI, machine learning and public databases of business activity to help…

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. Fri-yay indeed. We sigh, as humans spool up to take a break, while the semi-sentient machines continue writing their poetry in their air-conditioned underground data-center homes. In my column this week, I spent a bit of time thinking about the…

We love mergers and acquisitions here at TechCrunch. We even kind of like reverse mergers. But this latest development in the robotics industry sure has us excited! Delivery robots maker Serve Robotics is going public via a reverse merger with a blank-check company, and it raised $30 million just before the deal. That could be…

The relationship between fintechs and incumbents has long been fraught with tension. But Marie-Elise Droga believes it doesn’t have to be this way. Droga joined payments giant Visa as SVP, head of global and NA fintech partnerships in December 2022 to lead the development, commercialization and implementation of all Visa products, new payment flow solutions…

U.K. cybersecurity giant NCC Group has confirmed it’s making more layoffs, just months after it slashed its workforce by 7%. The Manchester, U.K.-based company is undergoing its second round of layoffs in just six months, a person with knowledge of the matter told TechCrunch. NCC Group confirmed that it’s making a “small number” of layoffs…

Like most software, Slack developed over time adding a slew of new features like Huddles, Canvas and workflows. But like any piece of software that is over a decade old with all of those new pieces, it makes sense to revisit old design decisions, especially in the context of being an enterprise communications tool that…

Sweet Security, a Tel Aviv-based cloud security startup, today announced that it has raised a $12 million seed round led by Glilot Capital Partners, with participation from CyberArk Ventures and a number of angel investors including Gerhard Eschelbeck, a former CISO at Google and Travis McPeak, who led product security at Databricks. Sweet provides businesses…

The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition “may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” First announced last September,…

Proptech startup Dongnae said Tuesday it plans to acquire Stevens, a South Korean company that operates co-living business Dears. The two companies did not disclose the acquisition price, but Dongnae said it will purchase Stevens with a mix of cash and equity. The Seoul-based proptech outfit previously raised a total of $34 million, including a $21 million…

It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal and more. Oh, and if you want to receive this in your inbox in the future, sign up here. Lula tightens its belt and raises…