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17:20 03.08.2023

Worldcoin plans to resume iris scans in Kenya

Sam Altman’s crypto startup Worldcoin yesterday faced its first major hurdle in Africa when authorities in Kenya suspended its iris-scanning activities (“proof of personhood verification”) over security, privacy and data protection concerns. Worldcoin now says it is working with relevant authorities to resume iris scans in Kenya soon. Meanwhile, Worldcoin said in a statement provided […]... →

450 techcrunch.com

17:03 03.08.2023

Meet Lula, a startup that aims to be the ‘Stripe for insurance’ and just raised $35.5M

Lula, a startup which aims to be the ‘Stripe for insurance,’ has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. When TechCrunch reported on Lula’s $18 million Series A raise in July of 2021, the company was focused on building an insurance API that aimed to “eliminate […]... →

700 techcrunch.com

16:00 03.08.2023

Pockit, an all-in-one financial services app for UK consumers, lands $10M

Pockit, an app that offers financial services to people “underserved by traditional banks,” as the startup describes it, announced today that it raised $10 million in a funding round led by Puma Private Equity, with participation from The North East Development Capital Fund. With the tranche, which brings London-based Pockit’s total raised to around $50 […]... →

361 techcrunch.com

00:05 03.08.2023

HackerOne lays off 12% workforce as ‘one-time event’

HackerOne, a widely known bug bounty and penetration testing platform, is cutting up to 12% of its workforce as the global economic slowdown continues to impact the tech community. The San Francisco-based startup announced its layoffs on Wednesday, TechCrunch learned and confirmed with the startup. The decision will impact the startup’s employees worldwide, including those […]... →

526 techcrunch.com

17:00 02.08.2023

Network your way to startup magic at TechCrunch Disrupt 2023

Get ready to create startup magic at TechCrunch Disrupt 2023, taking place on September 19–21 in San Francisco. It’s the startup world’s big tent, a magnet of opportunity and prime networking real estate for founders, operators, builders and investors. Magic’s been part of our DNA since way back in the day when Box founders Aaron […]... →

326 techcrunch.com

17:00 02.08.2023

Reflex open source tool helps turn Python code into web apps

Python enjoys great popularity with developers, which is why the founders of Reflex chose it as the basis for their low-code web app development platform. The startup, formerly known as Pynecone, wants to straddle the line between making it easy to build an app, while giving enough flexibility to customize when needed. Today, the company […]... →

552 techcrunch.com

16:10 02.08.2023

Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral

Hopin, the virtual events startup that saw its star (and valuation) rise quickly during the Covid-19 pandemic, is most definitely coming down to earth. Today the company announced that it has sold its Events and Session business units to RingCentral for an undisclosed sum. Events is Hopin’s event management platform for planning and producing virtual […]... →

345 techcrunch.com

13:25 02.08.2023

Kenya suspends Worldcoin scans over security, privacy and financial concerns

Kenya was one of the first countries to launch sign-ups for Worldcoin — the controversial startup that aims to create a new “human identity and financial network” through eye scans and its own cryptocurrency — and as of this week, it was one of the biggest markets for take-up. Now, it could be one of […]... →

385 techcrunch.com

08:38 02.08.2023

Flipkart-backed Shadowfax nears $60 million funding led by TPG NewQuest

Indian logistics startup Shadowfax is finalizing a funding round of about $60 million, more than a year after it began the funding deliberations, two sources familiar with the matter said. TPG’s NewQuest is positioning to lead the round, which also includes some secondary transactions, the sources said, requesting anonymity as the deliberations are private. The […]... →

415 techcrunch.com

17:00 01.08.2023

Ramp expands into procurement, lands Shopify as a customer

Ramp continues to ramp up its business. The fintech startup announced today that it is entering the procurement space as it focuses more on “complex” enterprises and that it has landed a new customer in Canadian e-commerce giant Shopify. Over time, Ramp has continued to add on to its offerings – having started out as […]... →

338 techcrunch.com

16:57 01.08.2023

Educating VCs on your lived experience with Rebecca Rosenberg from ReBokeh

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Rebecca Rosenberg, the founder and CEO of ReBokeh, a startup that created an app that applies filters that allow people with low vision to see better. Rebecca talked about how her own experience with having […]... →

340 techcrunch.com

15:10 01.08.2023

Tradeshift raises $70M, launches financing JV with HSBC focused on B2B trade

Global trade has been in a slump, in part due to ongoing economic pressures in the wake of the Covid-19 pandemic. Now, with some glimmers of recovery on the horizon, a startup that’s built business around tools to enable B2B trading has raised some money and is launching a JV that it hopes will kickstart […]... →

557 techcrunch.com

15:00 01.08.2023

Socket lands $20M investment to help companies secure open source software

Socket, a startup that provides a scanning tool to detect security vulnerabilities in open source code, today announced that it raised $20 million in a Series A round led by Andreessen Horowitz (a16z). The tranche had participation from Abstract Ventures, Wndrco, Unusual Ventures and an impressively high-profile list of angel investors, including the co-founders of […]... →

340 techcrunch.com

15:00 01.08.2023

Neon, a relational database startup, lands ~$30M investment

Neon, a startup that’s building a serverless open source alternative to AWS Aurora Postgres, today announced that it raised around $45 million in a new funding round, about $30 million of which came from Menlo VC. Bringing its total raised to $104 million, the new cash will be put toward improving Neon’s developer experience and […]... →

339 techcrunch.com

12:20 01.08.2023

Vanguard cuts Indian ride-hailing giant Ola’s valuation by 52%

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings. Vanguard cut the worth of its shares in Ani Technologies, Ola’s holding firm, by 51.6% as of the end of May, it […]... →

368 techcrunch.com

10:01 01.08.2023

Ola’s Aggarwal sets eyes on AI, semiconductor design

Indian entrepreneur Bhavish Aggarwal, co-founder of ride-hailing firm Ola and electric vehicle startup Ola Electric, is venturing into fresh terrain as he navigates his businesses towards initial public offerings. He has set up an AI startup that seeks to develop a large language model and is currently scouting two U.S.-headquartered AI startups for a potential […]... →

343 techcrunch.com

09:21 01.08.2023

Rapyd acquires a piece of PayU from Prosus for $610M to scale its fintech-as-a-service platform

Rapyd, the fintech-as-a-service startup that provides APIs to enable payments, card issuing, digital wallet and other financial services to companies like Uber and Ikea, is taking a significant step forward in its growth with a big acquisition: it is paying $610 million to acquire a giant piece of PayU — the payments group of internet […]... →

422 techcrunch.com

08:00 01.08.2023

Nigeria’s Remedial Health gets QED backing in $12M round

Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised $12 million Series A equity-debt funding, to scale operations in the West African country. Fintech VC firm QED Investors co-led the round, banking on embedded financial opportunities like payments, and lending in the pharmaceutical sector. This is QED’s […]... →

366 techcrunch.com

23:56 31.07.2023

Dynatrace acquires cloud-native debugging platform Rookout

Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production. Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level […]... →

538 techcrunch.com

17:26 31.07.2023

Airalo locks in $60M to expand its eSIM-based global roaming ‘marketplace’

Travel is back on the agenda after a Covid-19 hiatus, and today a mobile startup is announcing a healthy round of funding to capitalize on that. Airalo — which uses software-based eSIM connectivity to provide a wide range of lower-cost mobile data packages, nearly 700 in all, for international travellers — has raised $60 million […]... →

412 techcrunch.com

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