Tag: Technology

Databricks CEO Ali Ghodsi and his cofounders weren’t interested in starting a business, and even less interested in making a profit on the tech. Eight years later, at least three are billionaires. Inside a 13th-floor boardroom in downtown San Francisco, the atmosphere was tense. It was November 2015, and Databricks, a two-year-old software company started…

MOSCOW, May 31, 2021 /PRNewswire/ — Rustam Gilfanov, the founder of the Ural Plant of Deicing Materials (UZPM, Perm Territory), is forming a new business community aimed at creating and developing sustainable growth of existing production sites, including with the involvement of external players. The created structure will be supervised by the management company Winter…

RADNOR, Pa., May 31, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of PureCycle Technologies, Inc. (PCT) (“PureCycle”) f/k/a Roth CH Acquisition I Co. (“Roth Acquisition”) (ROCH) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired PureCycle securities between November…

Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so. Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with completing transactions from one African…

The vast majority of people in India, the world’s second most populous nation, don’t have health insurance coverage. A significant portion of the population that does have coverage get it from their employers. Plum, a young startup that is making it easier and more affordable for more firms in the nation to provide insurance coverage…

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices…

Share to FacebookShare to TwitterShare to Linkedin Bernard Arnault. AFP via Getty Images The back-and-forth for the title of the richest person in the world between Amazon founder Jeff Bezos and LVMH chief Bernard Arnault has taken another turn: For the third time this week, Arnault has overtaken Bezos forthe No. 1 spot, with an…

A venture capitalist once told me candidly that whenever you see the phrase “democratization” in tech marketing material, think of it as a red flag. Democracy, generally speaking, often comes with an ironic caveat: It disproportionately benefits white and male participants. Now, you know me well enough to know that I wouldn’t start off your…

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. Want it in your inbox every Saturday? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Hello from Friday, I presume that…

Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward…