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RiskIQ adds National Grid Partners as securing data becomes a strategic priority for utilities

by Jonathan Shieber / about 2 hours

RiskIQ, a startup providing application security, risk assessment and vulnerability management services, has added National Grid Partners as a strategic investor.  The funding from the investment arm of National Grid, a multinational energy provider, is part of a $15 million new round of financing designed to take the company’s technology into critical industrial infrastructure — […]

Paperwork automation platform Anvil raises $5 million from Google’s Gradient Ventures

by Lucas Matney / about 4 hours

Remote work has changed the tools offices need for communicating asynchronously across meetings and chat, but not all collaboration takes place in neat little chat bubbles. Anvil is a San Francisco startup that’s aiming to transform how businesses collaborate around the humble PDF. Anvil’s automation platform levels up Google Forms and allows customers to digitize […]

A COVID-19 resilience test for B2B companies

by Walter Thompson / about 4 hours

While we are seeing lower valuations, we believe certain B2B technology companies may be uniquely poised to thrive, and are pursuing investment opportunities in this space with a renewed focus.

NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools

by Ron Miller / about 4 hours

When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup. The companies did not share […]

Join us to watch five startups pitch off at Pitchers and Pitches on June 10th

by Marquise Foster / about 6 hours

If you want to capture investor attention, you need a killer pitch. And that’s under normal circumstances. You’ve probably noticed that circumstances are anything but normal. With a global pandemic and the ensuing economic crisis, you’ll need to up your pitching game and get ready to bring the heat. We can help. Register today for […]

Challenger bank Varo, soon to become a real bank, raises $241M Series D

by Sarah Perez / about 6 hours

Mobile banking startup Varo Money has raised an additional $241 million in Series D funding, the company announced today. The investment was co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG. Also participating in the round were Bono (yes, that one), along with entrepreneur, impact investor and movie […]

Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging

by Steve O'Hear / about 7 hours

Monzo, the U.K. challenger bank, continues to be faced with tough decisions linked to the coronavirus crisis and resulting economic downturn. Following the shuttering of its Las Vegas-based customer support office and almost 300 staff being furloughed in U.K., the company has announced internally that up to 120 U.K. staff are being made redundant. Reuters […]

How to attract more than 10 million TikTok followers in 5 months

by Walter Thompson / about 8 hours

Gaining millions of followers on social media is really hard for people and brands. It’s time-consuming, it requires sacrifice and it sucks in the beginning.

Robotics startup lets machines get closer as humans keep their distance

by Walter Thompson / about 9 hours

Using micro-location robotics, this MIT spinout is tracking five miles of New York subway, showing the transportation authority where six of its trains are — down to the centimeter.

Black tech leaders issue call to action to combat racial injustice in the Bay Area

by Taylor Hatmaker / about 9 hours

As a tumultuous week of protests draws broad attention to America’s open wounds of racist police violence, a coalition of Black founders, advocates, investors and other leaders are issuing a call to action for those in the tech industry to stand against the systemic forces that continue to claim Black lives. The effort, called “Black […]

The fundraising marketplace has stabilized. Or has it?

by Walter Thompson / about 11 hours

While VC interest took a dive in March, the last two weeks have shown unseasonably high interest.

What the last 2 months of fundraising tells us about the future

by Walter Thompson / about 11 hours

There is just as much capital ready to deploy, and just as much investor interest, as there was earlier this year, but founders are still adjusting to new market conditions.

Astroscale expands into geostationary satellite life extension with new acquisition

by Darrell Etherington / about 11 hours

Orbital spacecraft sustainability startup Astroscale has acquired the IP, most assets and staff of a an Isreali company called Effective Space Solutions in order to broaden its service offering to include servicing geostationary (GEO) satellites, as well as low Earth orbit (LEO) debris removal. Astroscale, founded in Japan in 2013 with a mission of addressing […]

Endlesss, the iOS music making app from Tim Exile, takes to Kickstarter for desktop version

by Steve O'Hear / about 11 hours

In entrepreneurship, timing is everything. Launch too early and the market or underlying tech may not be ready to support your idea. Launch too late and the opportunity may have already been conceded to competitors. For Endlesss, the music-making app from Tim Exile, the timing feels just right. Launched on March 31st, just as the […]

SoftBank launches $100M+ Opportunity Growth Fund to invest in founders of color

by Ingrid Lunden / about 12 hours

As we continue to see protests across the U.S. (and elsewhere) sparked by the killing of George Floyd by police in Minnesota, SoftBank is announcing a new investment vehicle to back entrepreneurs of color, part of its contribution to trying to redress the imbalance of power as it has played out in the tech world. […]

Watchful is a mobile product intelligence startup that surfaces unreleased features

by Romain Dillet / about 12 hours

Meet Watchful, a Tel Aviv-based startup coming out of stealth that wants to help you learn more about what your competitors are doing when it comes to mobile app development. The company tries to identify features that are being tested before getting rolled out to everyone, giving you an advantage if you’re competing with those […]

Lili raises $10M for its freelancer banking app

by Anthony Ha / about 13 hours

Lili, a startup building banking products to meet the needs of freelance workers, is announcing that it has raised $10 million in seed funding. The startup takes its name from its founders, CEO Lilac Bar David and CTO Liran Zelkha, who previously founded Israeli challenger bank Pepper. Bar David told me that while many neobanks have […]

Tembici raises $47M Series B to expand its fleet of electric bikes

by Anna Escher / about 13 hours

Tembici, which says it owns 80% of the market share in Latin America’s micromobility space, now has $47 million more in capital to double down on its docked e-bike offering.  The Series B round was led by Valor Capital and Redpoint eventures. The International Finance Corporation (IFC), part of the World Bank Group, and Joá […]

Israel’s Team8 raises $104M to make bigger cybersecurity bets

by Ingrid Lunden / about 14 hours

Team8, the Israel-based firm founded by a team of intelligence vets and backed by the likes of Intel, Microsoft, Walmart and Cisco to develop and spin out cybersecurity startups, is announcing a step change in its business model that underscores the huge amount of activity we’re seeing these days in the sector. Alongside its studio model, […]

Idinvest shares some trends on European consumer tech

by Romain Dillet / about 17 hours

French VC firm Idinvest has compiled some data about the European tech ecosystem. The firm has decided to focus on consumer tech in general, and there are some interesting trends that I’m going to break out here. You can read the full report here. The team has analyzed and surveyed 1,500 companies over multiple months. […]

Zigazoo launches to be a ‘TikTok’ for kids, surpasses 100,000 uploads and downloads

by Natasha Mascarenhas / 1 day

Like many parents, Zigazoo founder Zak Ringelstein worries about his children’s screen time. His worries only grew when COVID-19 led to school shutdowns and kids came home to a world of remote learning. Now, as lockdowns extend, Ringelstein is learning to embrace screen time as a way to sneak education and entertainment into his kids’ […]

Podcast app Majelan pivots to premium audio content around personal growth

by Romain Dillet / 1 day

French startup Majelan is pivoting a year after launching a podcast player and service. The company, created by former Radio France CEO Mathieu Gallet and Arthur Perticoz, is ditching the podcast aggregation side of its business and focusing on premium audio content going forward. Like many podcast startups, Majelan has faced some criticisms shortly after […]

What motivates innovative entrepreneurs: Money or altruism?

by Walter Thompson / 1 day

To be truly inclusive — of gender, culture and background — we must be intentional in how we inspire and support entrepreneurs. We must speak to both instincts: the hero and the helper.

Overjet raises $7.85M for its dental-focused AI tech

by Alex Wilhelm / 1 day

Overjet, a startup focused on using AI to help dentists and insurance companies understand dental scans, today announced that it has raised $7.85 million in what it describes as a seed round. According to Overjet’s CEO Wardah Inam (an MIT PhD in electrical engineering and computer science), the company raised the funds from Crosslink Capital, […]

Decrypted: iOS 13.5 jailbreak, FBI slams Apple, VCs talk cybersecurity

by Zack Whittaker / 1 day

It was a busy week in security. Newly released documents shown exclusively to TechCrunch show that U.S. immigration authorities used a controversial cell phone snooping technology known as a “stingray” hundreds of times in the past three years. Also, if you haven’t updated your Android phone in a while, now would be a good time […]

Locus Robotics raises another $40M as retailers increasingly look to automate

by Brian Heater / 1 day

The COVID-19 pandemic will have a profound impact on robotics, as more companies look to automation as a way forward. While wide-scale automation had long seemed like an inevitability, the pandemic is set to accelerate the push as corporations look for processes that remove the human element from the equation. Of course, Locus Robotics hasn’t […]

Dear Sophie: Can I create a startup on a dependent visa from Australia?

by Walter Thompson / 1 day

I’m eligible to receive a visa and a work permit under my husband’s visa. Can I form my own startup with that dependent visa and work permit or do I need to find a job with an American company?

Tovala gobbles up $20M for its smart oven+meal kit service

by Ingrid Lunden / 1 day

Meal kits have had a rush of interest in recent months, with people turning to them to vary the pace of (and in some cases, completely replace) making meals at home, or ordering take out, at a time when many of us are spending a lot of time at home. Now a startup that has […]

Vroom targets nearly $2B valuation in impending IPO

by Alex Wilhelm / 1 day

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Used-car marketplace Vroom continued its march towards going public yesterday with the release of an updated IPO filing. The documents it filed provides pricing information for a somewhat odd public offering. As a business, the heavily […]

Tictrac secures $7.5M to expand employee wellbeing platform as WFH balloons

by Mike Butcher / 1 day

“Employee Wellbeing” SaaS platforms have been around for some time. Both regulation and increasing stress levels and health problems in the workplace have fed the rise of this sector of tech, and with many corporates painting long-term contracts with providers, it’s a lucrative business. Furthermore, with the COVID-19 pandemic ongoing, large remote-workforces look here to […]

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