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How Snipd is using AI to ‘unlock knowledge’ in podcasts

Podcasting has emerged as a major billion-dollar industry, with ad revenue in the U.S. alone expected to hit $2 billion this year — a figure that’s set to double by 2024. Against that back

Meta launches Horizon Worlds in France and Spain

In an effort to expand its social platform for virtual reality, Horizon Worlds, Meta is launching it in France and Spain today — building on the existing three markets including the U.S., Canada, an

Polestar is launching an EV roadster in 2026 called the Polestar 6

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r

Upskilling platform GrowthSpace secures $25M to grow its global business

As the jobs market remains tight (mass layoffs and hiring freezes in tech aside), companies are laser-focused on retaining staff. One of the areas they’re investing in is upskilling, which aims

Guesty books $170M to double down on property management tools for Airbnb and other rental platforms

Platforms like Airbnb have boomed with more consumers (and business users) than ever before keen stay in private properties when traveling or working away from their usual home base. That’s also

YC-backed Arc, a digital bank for ‘high-growth’ SaaS startups, lands $20M Series A

Arc, a company that aims to give SaaS startups “a way to borrow, save and spend” in one place, has raised $20 million in a Series A round of funding. The raise comes seven months after Arc

Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

Lori Systems, an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in wh

VLC-developer VideoLan says India blocking site endangers its own citizens

VideoLan, the developer of popular media player VLC, says Indian telecom operators have been blocking its website since February of this year in a move that is potentially impacting some users in one

Spotify prompts some users to record reaction podcasts to playlists

After testing new in-app podcast recording tools for users in New Zealand, Spotify is now trialing a new audio feature in Vietnam, one that’s designed to encourage users to record voice reaction

Sequoia India-backed Digit Insurance files for $440 million IPO

Indian insurer Digit has filed for an initial public offering, looking to raise about $440 million even as many of its local peers have deferred plans to list publicly in the South Asia nation. The In

Klarna founder to launch new ‘Nobel Prize for Impact’

According to BCG global assets under management are around $100 trillion, but only $715 billion, or less than 1%, goes on what you might term ‘impact’ companies or projects to tackle the world’s

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

Helbiz reports revenue increase but dwindling cash reserves

Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earn

Mycel’s mushroom-based biomaterials sprout $10M in funding

Mycel, a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Co-founder and CEO

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

WeWork co-founder and former chief executive Adam Neumann’s career arc has felt synonymous with the rise and eventual fall of unicorn dreams. The entrepreneur, whose fall from grace has attracted gl

Daily Crunch: Meta backs SMB e-commerce app launched by former Facebook engineering manager

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

Max Q: Testing, testing

In this issue: Northrop Grumman and Firefly Aerospace want to make the Antares rocket all-American; how Muon Space is locking in customers; news from SpaceX, OneWeb and more

Bird burns $310M but sees revenue bounce back

Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shake

DoorDash partners with Meta to test delivery of Facebook Marketplace items

DoorDash has confirmed that it has teamed up with Facebook Marketplace to make that awkward exchange of items with a stranger a bit easier. The company said DoorDash Drive, its business-to-business se

YouTube may launch a channel store for streaming services, report says

YouTube may be looking to launch an online channel store for streaming services through the YouTube app, positioning itself in direct competition with Amazon, Roku, and Apple, three tech giants that e
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