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Everstores, an OpenStore-style D2C Shopify aggregator out of Europe, emerges from stealth with €18 million

Waves of Amazon-merchant aggregator startups, floating close to $15 billion in funding, have rushed in, rolled up and rushed out of the e-commerce market in the last several years. Now, a new tide, an

HSBC invests in Singapore’s customer intelligence and risk assessment startup

HSBC Asset Management, the investment arm of Britain’s HSBC Group, has led a seed round of $4 million in Singapore’s customer intelligence and risk assessment startup Bizbaz, the two said Friday.

TestGrid is a ‘one-stop shop’ for testing apps at scale

Created by a developer who needed to test apps at scale, TestGrid is an on-demand platform that lets users run tests on websites and apps across browsers and operating systems. The startup, which is l

Uniswap Labs eyes over $100 million in new funding

Uniswap Labs is in early stages of putting together a new round, according to four sources familiar with the matter, as the parent firm of the world’s largest decentralized exchange gears up to

Amazon launches QVC-style livestream shopping in India

Amazon has launched QVC-style livestream shopping in India, the company said Friday, broadening its offerings in the key overseas market where it has deployed over $6.5 billion to win customers. The r

Why this Blizzard vet thinks the next killer web3 game will come from China

This year, around 3.2 billion people — or about 40% of the world’s population — will play games, with total spending nearing $200 billion, estimates industry researcher Newzoo. The p

SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees

The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a re

GV aims to help build a company that can sniff out disease, literally

Alex Wiltschko has what he thinks is a big idea. He wants to build a company that digitizes scent. It’s a natural step for Wiltschko, who has a PhD in neurobiology from Harvard, where he studied

Here are some of the cringiest revelations in the Elon Musk text dump

A new, particularly juicy document has surfaced in discovery leading up to the Elon Musk v. Twitter trial, slated to take place in a few weeks. Behold: A trove of texts between Musk and key figures at

Google Colaboratory launches a pay-as-you-go option, premium GPU access

Google Colaboratory (Colab for short), Google’s service designed to allow anyone to write and execute arbitrary Python code through a web browser, is introducing a pay-as-a-you-go plan. In its f

mmhmm co-founders are building the great pyramid of hybrid work

Welcome back to Found, where we get the stories behind the startups. When Phil Libin co-founded Evernote he spent tons of money making the perfect working environment with chic offices, a shuttle b

Truepill, a digital health unicorn, conducts fourth round of layoffs in 2022

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its fourth layoff of the year. Sources say the layoff impacted around 65% of the

NASA and SpaceX are studying sending a private crew to boost Hubble’s orbit

SpaceX and NASA have signed a new agreement to study the feasibility of sending a commercial crew in a SpaceX Dragon to boost the orbit of the Hubble Space Telescope. If completed, the mission could e

Daily Crunch: Google to sunset Stadia in January 2023, will refund hardware purchases

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

House Democrats debut new bill to limit US police use of facial recognition

A group of House Democrats has unveiled a new bill that aims to put limits on the use of facial recognition technologies by law enforcement agencies across the United States. Dubbed the Facial Recogni

FCC rules satellites must deorbit within 5 years of ending mission

Satellites in low Earth orbit can’t linger too long after they’ve finished what they went there to do, according to new rules passed by the FCC today. Now there’s a five-year limit o

The biggest moonshots from 500 Global’s latest Demo Day

It’s demo day season. This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — a

Meta’s Make-A-Video AI achieves a new, nightmarish state of the art

Meta’s researchers have made a significant leap in the AI art-generation field with Make-A-Video, the creatively named new technique for — you guessed it — making a video out of nothing but

Mark Zuckerberg says Meta will freeze hiring and cut costs

After a decade of explosive growth, the company formerly known as Facebook is planning to trim down. Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to freeze hiring and restructure so

Twitter is adding a new TikTok-like full-screen video feature

Twitter is adding new features to make it easier for users to watch and discover videos on its platform, the social network announced on Thursday. Most notably, the company is launching a scrollable T
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