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Focal Point focuses on modernizing procurement with $3M seed investment

Focal Point founder Anders Lillevik has spent more than 25 years in procurement, where he has observed that the vast majority of business was still being conducted using spreadsheets and email. He saw

North Korean Lazarus hackers linked to $100M Harmony bridge theft

Researchers have linked Lazarus Group, a notorious North Korean state-backed hacking group, to the theft of $100 million in crypto assets from Harmony’s Horizon Bridge. Last week, U.S. crypto startu

Music distributor DistroKid expands into music video distribution with ‘DistroVid’

Record labels used to be the one ticket into the music industry. Now, it’s easier than ever for struggling musicians to get their music and video content out there. DistroKid, an independent music d

MAYA Capital closes second fund with $100M for early-stage Latin American startups

This new fund triples the firm’s assets under management and will enable the pair to invest in another 25 to 30 companies.

Forethought AI’s CEO explains the pitch deck that won Startup Battlefield at TechCrunch Disrupt 2018

TechCrunch Live records each Wednesday at 3:00pm EDT / 12:00pm PDT. Forethought AI won Startup Battlefield at TechCrunch Disrupt 2018. Since then, the company raised two rounds of funding and is now a

The Drako Motors 2,000-hp electric luxury SUV ‘feels more like a spaceship’

Startup EV manufacturer Drako Motors previewed today the follow-up to its $1.25 million Drako GTE: the 2,000-horsepower Drako Dragon Super-SUV. The San Jose, California-based automaker said the Dragon

TaskHuman lands $20M to expand its virtual coaching platform

TaskHuman, a professional development platform focused on coaching, today announced that it raised $20 million in Series B funding led by Madrona with participation from Impact Venture Capital, RingCe

Marketing automation startup Retail Rocket nabs $24M for expansion

Retail Rocket, a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. In addition to the fundraisi

Modular closes $30 million seed round to simplify the process of developing AI systems

AI has transformative potential. But if you ask the co-founders of Modular, a startup emerging from stealth today, the software used to develop it is “monolithic,” fractured into silos pil

Wattpad introduces a creator program that can pay writers up to $25,000

Storytelling platform Wattpad is introducing a new creator program for writers that can earn them up to $25,000 in compensation. The company is also debuting a new metric called “Engaged Readers

European Union keeps mobile roaming fees at bay for another decade

Five years ago, the European Union passed rules which largely ended mobile roaming fees for citizens traveling with their devices across borders within the bloc. Today lawmakers are reupping the regul

A look into the British DFI’s plan to invest in African economies, venture funds and tech startups

On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, t

Taking on Bilt, Stake aims to expand its cash-back rewards program for renters

Aiming to compete with Bilt in the nascent property renter rewards market, Stake, a startup that provides cash back and banking services to renters, today announced that it raised $12 million in a Ser

Brazilian motorcycle rental startup Mottu revs up with $40M to help more Latin Americans become couriers

Mottu, a São Paulo-based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. The company, which aims to give independent couriers a way to work for logistics a

MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi

The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized finance att

Apple says developers will have to submit a new version to use third-party payment systems in South Korea

Apple announced Thursday that developers can now use a third-party payment system for the South Korea App Store. The company specified that developers will need to submit a separate binary for iOS or

Samsung Electronics starts 3-nanometer chip production ahead of TSMC

Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSM

Sava, a spend management platform for African businesses, gets $2M pre-seed backing

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 millio

Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal

India’s Lenskart is buying a majority stake in Japan’s Owndays, the two firms said, creating one of Asia’s biggest online retailers of eyewear. The firms did not disclose the financial terms of

NFT giant OpenSea reports major email data breach

OpenSea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach. A staff member at Customer.io, an email vendor contra
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