Category: Enterprise
-
In 2024, many Y Combinator startups only want tiny seed rounds — but there’s a catch
When Bowery Capital general partner Loren Straub started talking to a startup from the latest Y Combinator accelerator batch a few months ago, she thought it was strange that the company didn’t have a lead investor for the round it was raising. Even stranger, the founders didn’t seem to be looking for one. She thought…
-
NASA puts $10M down on Mars sample return proposals from Blue Origin, SpaceX and others
It turns out the space industry has a lot of ideas on how to improve NASA’s $11 billion, 15-year plan to collect and return samples from Mars. Seven of these proposals have caught the agency’s attention. Announced today, NASA has awarded $1.5 million contracts to seven companies to further develop their plans for the revamped…
-
Rippling bans former employees who work at competitors like Deel and Workday from its tender offer stock sale
Investor demand has been so strong for Rippling’s shares that it is letting former employees particpate in its tender offer. With one exception. © 2024 TechCrunch. All rights reserved. For personal use only. Investor demand has been so strong for shares of hot HR startup Rippling – over $2 billion worth of term sheets,…
-
HSBC believes that $22 billion Byju’s is now worth zero
HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing. © 2024 TechCrunch. All rights reserved. For personal use only. In a recent research note, HSBC estimated that Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing. BlackRock, an investor in…
-
Carta’s valuation to be cut by $6.5 billion in upcoming secondary sale
Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the offering…
-
Bangladeshi police agents accused of selling citizens’ personal information on Telegram
Two senior police officials in Bangladesh are accused of collecting and selling citizens’ personal information to criminals on Telegram. © 2024 TechCrunch. All rights reserved. For personal use only. Two senior officials working for anti-terror police in Bangladesh allegedly collected and sold classified and personal information of citizens to criminals on Telegram, TechCrunch has…
-
Shopify acquires Threads (no, not that one)
Shopify has acquired Threads.com, the Seqiuoa-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join Shopify. Threads added that after the launch of Meta’s social network with the same name last year, the startup had “the opportunity to sell our…
-
PowerSchool, provider of K-12 education software, to go private in $5.6B deal
Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal. The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms. PowerSchool is a web-based platform that helps educational institutions manage operations such as enrolment,…
-
Siri and Google Assistant look to generative AI for a new lease on life
Voice assistants in general are having an existential moment, and generative AI is poised to be the logical successor. © 2024 TechCrunch. All rights reserved. For personal use only. There’s a lot riding on next week’s WWDC 2024 keynote. The presentation’s stakes are far higher than your standard post-event market moves. The pressure for…
-
TikTok is testing Snapchat-like streaks
TikTok is testing streaks that are similar to Snapchat’s in order to boost engagement, including how long people stay on the app. © 2024 TechCrunch. All rights reserved. For personal use only. In order to have users spend more time on the platform and ramp up engagement, TikTok is testing streaks that are similar…