The Latest

The best cloud unicorns aren’t as overvalued as you might think

Unexited unicorns represent one of the largest pools of paper wealth in the world. And the best companies -- often also the most valuable -- are actually not as overvalued as you might think.

Some frank advice for open-source startups seeking product-market fit

Unlike most software companies, open source startups have two journeys for finding product-market fit: building a product that users can use for free, and then building features that they will pay for

So, when is the SoftBank Execution Fund III dropping?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann worked with Grace to record yet

India seizes $46 million from crypto exchange Vauld in money-laundering probe

India’s anti-money laundering agency has frozen assets worth $46.4 million from the local entity of Vauld for facilitating “crime-derived” proceeds from predatory lending firms in the latest hea

The grocery industry’s shopping list: Inventory management, frictionless checkout, computer vision

Technology advancements in recent years are giving startups a shot at providing grocery stores with e-commerce-like features in a brick-and-mortar setting.

US unmasks alleged Conti ransomware operative, offers $10M for intel

The U.S. government said it will offer up to $10 million for information related to five people believed to be high-ranking members of the notorious Russia-backed Conti ransomware gang. The reward is

Suspected developer of crypto mixer Tornado Cash arrested

The Dutch government agency responsible for investigating financial crimes said it has arrested an individual suspected of being a developer of the U.S.-sanctioned crypto mixing service Tornado Cash 

Amazon launches AWS Private 5G so companies can build their own 4G mobile networks

Amazon’s cash-cow cloud division AWS has launched a new service designed to help companies deploy their own private 5G networks — eventually, at least. AWS first announced AWS Private 5G i

Google fined $40M+ for misleading location-tracking settings on Android

Google has been sanctioned A$60 million (around $40M+) in Australia over Android settings it had applied, dating back around five years, which were found — in a 2021 court ruling — to have

Samsung heir receives presidential pardon in a bid to ‘overcome economic crisis’

Samsung Electronics vice chairman Jay Y. Lee will receive a presidential pardon on Monday, South Korea’s Ministry of Justice said, paving way for the heir to the country’s biggest company

Amazon-owned MGM makes a viral video show with surveillance footage from Amazon-owned Ring

MGM (which is owned by Amazon) is making a viral video show based on footage from Ring security cameras (also owned by Amazon). The syndicated television show, “Ring Nation,” is poised to

Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrun

Daily Crunch: Facebook avoids European blackout as regulators squabble over EU-US data transfers 

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Rivian delivers on Q2 revenue, expects loss to widen another $700M

Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised g

How digital health startups are navigating the post-Roe legal landscape

As state laws shift and abortion bans go into effect across the United States, companies are still trying to find ways to provide care while reimagining what healthcare should include.

Teens have abandoned Facebook, Pew study says

Gen Z internet use is on the rise, but the rate at which teens use Facebook is rapidly declining. A Pew Research Center study on teens, technology and social media found that only 32% of teens aged 13

Fox-owned Tubi expands its free streaming service to five Latin American countries

Tubi, the free ad-supported streaming service owned by Fox, is now available in Costa Rica, Ecuador, El Salvador, Guatemala and Panama — an expansion that has doubled its global footprint and signal

Massive iron batteries could be key to displacing natural gas from the grid

VoltStorage recently raised a Series C worth $24 million from engine manufacturer Cummins. Its previous rounds included investments from SOSV and EIT InnoEnergy.

Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’

Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on

Google says AI update will improve search result quality in ‘snippets’

If you’ve ever Googled something only to be met with a little info box highlighting the top answer, you’ve encountered one of Google’s “featured snippets.” Featured snippets are the litt
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