The Latest
Startups
Open source software is needed to prevent future crypto hacks, Polygon CISO says
8:00 am PDT • August 12, 2022
What can be done to prevent future crypto hacks? Polygon’s Mudit Gupta says the answer might be through projects employing open source software.
Enterprise
Identifying underserved market segments with Ethena and Homebrew on TechCrunch Live
7:30 am PDT • August 12, 2022
No one likes compliance training, but Ethena aims to improve the experience for everyone involved. Join Ethena’s CEO Roxanne Petraeus and Homebrew’s Hunter Walk on this TechCrunch Live event to…
Startups
The best cloud unicorns aren’t as overvalued as you might think
7:10 am PDT • August 12, 2022
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…
Enterprise
Some frank advice for open source startups seeking product-market fit
7:00 am PDT • August 12, 2022
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…
Featured Podcast
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 another weekly roundup on all the tech news that may have flown past your radar. Or bumped into it so hard that you’re still dizzy…
7:00 AM PDT • August 12, 2022
Crypto
India seizes $46 million from crypto exchange Vauld in money-laundering probe
6:27 am PDT • August 12, 2022
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 headache for the…
Media & Entertainment
The grocery industry’s shopping list: Inventory management, frictionless checkout, computer vision
6:00 am PDT • August 12, 2022
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.
Security
US unmasks alleged Conti ransomware operative, offers $10M for intel
5:22 am PDT • August 12, 2022
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…
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 in a move…
Enterprise
Amazon launches AWS Private 5G so companies can build their own 4G mobile networks
4:05 am PDT • August 12, 2022
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…
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Media & Entertainment
Google fined $40M+ for misleading location-tracking settings on Android
3:13 am PDT • August 12, 2022
Google has been sanctioned A$60 million (around $40 million+) in Australia over Android settings it had applied, dating back around five years, which were found — in a 2021 court…
Enterprise
Samsung heir receives presidential pardon in a bid to ‘overcome economic crisis’
12:14 am PDT • August 12, 2022
Samsung Electronics vice chairman Jay Y. Lee will receive a presidential pardon on Monday, South Korea’s Ministry of Justice said, paving the way for the heir to the country’s biggest…
Media & Entertainment
Amazon-owned MGM makes a viral video show with surveillance footage from Amazon-owned Ring
4:18 pm PDT • August 11, 2022
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…
Featured Article
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 TechCrunch. The layoff impacted about third of the company, or 175 people. The company did not respond to multiple requests for comment. One source says that Truepill’s entire…
3:49 pm PDT • August 11, 2022
Venture
Daily Crunch: Facebook avoids European blackout as regulators squabble over EU-US data transfers
3:05 pm PDT • August 11, 2022
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Fintech
Rivian delivers on Q2 revenue, expects loss to widen another $700M
2:09 pm PDT • August 11, 2022
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…
Biotech & Health
How digital health startups are navigating the post-Roe legal landscape
2:00 pm PDT • August 11, 2022
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.
Media & Entertainment
US teens have abandoned Facebook, Pew study says
1:15 pm PDT • August 11, 2022
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…
Media & Entertainment
Fox-owned Tubi expands its free streaming service to five Latin American countries
1:07 pm PDT • August 11, 2022
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…
Featured Article
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.
1:00 pm PDT • August 11, 2022
