industries

After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy

SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in Th

Fluence, the energy storage systems developer, is now worth over $1 billion after QIA investment

The Qatar Investment Authority is investing $125 million into energy storage systems integrator and power management tech developer, Fluence, in a deal that will value the company at over $1 billion.

Hover secures $60M for 3D imaging to assess and fix properties

The U.S. property market has proven to be more resilient than you might have assumed it would be in the midst of a coronavirus pandemic, and today a startup that’s built a computer vision tool t

Come hear about the opportunities in space observation at TC Sessions: Space

The market for space observation is one of the few commercialized segments of the nascent industry and could be worth upwards of $8 billion by the end of the decade, according to some estimates. At TC

Startup brands like the shoe company Thousand Fell are bringing circular economics to the fashion industry

Thousand Fell, the environmentally conscious, direct-to-consumer shoe retailer that launched last November, has revealed the details of the recycling program that’s a core component of its pitch

Extra Crunch Partner Perk: Get 6 months free of Zendesk Support and Sales CRM

We’re excited to announce an update to the Extra Crunch Partner Perk from Zendesk. Starting today, annual and two-year Extra Crunch members that are new to Zendesk, and meet their startup qualificat

4 quick bites and obituaries on Quibi (RIP 2020-2020)

In memory of the death of Quibi, here’s a quick sendoff from four of our writers who came together to discuss what we can learn from Quibi’s amazing, instantaneous, billions-of-dollars fai

HBO is making a limited series about Elon Musk and the founding of SpaceX

HBO is in the process of developing a six-episode limited series about the founding days of SpaceX and Elon Musk, Variety reports. The show will be based on Ashlee Vance’s biography of the Tesla

Apple is extending some Apple TV+ subs through February 2021 for free

Apple told me today that it will be extending Apple TV+ subscriptions that are set to end November 1, 2020 through January 31, 2021 through their billing date in February of 2021. The basic situation

Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest

The Kroger Co., one of the biggest grocery chains in the Midwest, is dipping its toe into on-demand delivery and the ghost kitchen craze through a partnership with an Indianapolis-based startup, Clust

Daily Crunch: Twitter confronts image-cropping concerns

Twitter addresses questions of bias in its image-cropping algorithms, we take a look at Mario Kart Live and the stock market takes a hit after President Trump’s COVID-19 diagnosis. This is your

Combining machine learning tools for medical imaging with genetic sequencing nets Sophia Genetics $110M

SOPHiA GENETICS, the shoutily and poorly capitalized-named startup that’s combining machine learning tools for medical imaging and genetic sequencing to come up with a more holistic view of dise

Amazon announces Luna game-streaming platform

At its Devices and Services event, Amazon launched its own cloud gaming competitor to Google Stadia and Microsoft xCloud. It’s called Luna. The company is launching the product in early access a

Microsoft Teams gets breakout rooms, custom layouts and virtual commutes

Unsurprisingly, Teams has become a major focus for Microsoft during the COVID-19 pandemic, so it’s no surprise that the company is using its annual Ignite IT conference to announce a number of n

Microsoft pursuing TikTok purchase by September 15th, may invite US investors to deal

Microsoft has posted a statement today on its corporate blog that says it will continue discussions on a potential TikTok purchase in the U.S. As a part of the statement, it says that it may invite ot

Eco-friendly laundry goods subscription service smol raises £8M from Balderton

Smol is a startup that delivers to people’s homes eco-friendly laundry capsules and dishwasher tablets on subscription through letterboxes, which undercut the price of the leading brands. It has now

Dell’s debt hangover from $67B EMC deal could put VMware stock in play

When Dell bought EMC in 2016 for $67 billion it was one of the biggest acquisitions in tech history, and it brought with it a boatload of debt. Since then Dell has been working on ways to mitigate tha

Zycada emerges from stealth with $19M and a bot that speeds up e-commerce and other interactive services

Shopping cart abandonment — when a person shopping online moves away from a site or mobile app before completing a sale — remains one of the biggest hurdles to e-commerce, with some 70% of

Workforce training app developer Poka adds strategic investor Schneider Electric

Poka, a workforce training app and software service for industrial companies, has added to its roster of backers SE Ventures, the venture capital arm of the European energy and automation conglomerate

Daily Crunch: Apple Stores begin to reopen

Apple outlines new safety measures as it reopens stores, Huawei responds to new U.S. chip curbs and Jack Ma departs SoftBank’s board of directors. Here’s your Daily Crunch for May 18, 2020
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