Category: Enterprise
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Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital
Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after selling it…
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Swiggy’s public debut will test India’s appetite for $1B+ IPOs
Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark. For its IPO, Swiggy has already secured $1.4 billion from institutional investors…
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Open source projects draw equity-free funding from corporates, startups, and even VCs
A dearth of funding for vital open source technologies is leading to a swath of support from startups, unicorns, corporations, and even venture capital firms. Last year, Bloomberg launched its FOSS (free and open source software) fund, committing up to $90,000 per year to various projects. And in October, Indian financial services company Zerodha launched…
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These are the top apps Gen Z young adults downloaded this year
It’s clear that Gen Z has an influence on app consumption. Known as the “mobile-first generation,” they make up about 40% of all mobile users worldwide. Curious about their preferences, we recently contacted the app intelligence firm Appfigures, which provided an overview of the 50 most downloaded apps by Gen Z this year. Due to…
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a16z VC Martin Casado explains why so many AI regulations are so wrong
Attempts to regulate AI to date have focused on some mythical future instead of understanding what new risks AI actually introduces, argues VC Martin Casado. © 2024 TechCrunch. All rights reserved. For personal use only. The problem with most attempts at regulating AI so far is that lawmakers are focusing on some mythical future…
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Encore is an AI-powered search engine for your thrifting needs
Former Apple engineer Alex Ruber and former Twitter and Asana engineer Parth Chopra first met on Y Combinator’s founder match platform, then met in person at a thrift store for shopping. They later went on a thrift store shopping trip where they talked about solving problems with finding the right product in the online space.…
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Equal has a plan to fight India’s growing cyber fraud problem
Equal, an Indian startup founded by Keshav Reddy, has raised $10M in its maiden funding round led by Prosus Ventures to scale identity verification and financial data sharing. © 2024 TechCrunch. All rights reserved. For personal use only. India, the world’s most populous country and the second-largest internet market after China, is becoming increasingly…
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TSMC reportedly halts advanced chip shipments to Chinese companies
After a chip manufactured by Taiwan Semiconductor Manufacturing Company was found inside a Huawei processor, the US Department of Commerce has ordered the company to halt shipments of advanced chips to Chinese customers, according to a report in Reuters. Huawei faces significant trade restrictions from the US, so the pause on shipments is supposed to…
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It’s the Senate’s last chance to pass the PRESS Act
The PRESS Act would protect a journalist’s sources, and gained unanimous bipartisan support when passed by the House in January. © 2024 TechCrunch. All rights reserved. For personal use only. Folks in America: Your senators only have a few weeks left to pass the PRESS Act, a federal “shield” bill that the House passed…
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Elon Musk’s X is moving its legal disputes to Northern Texas
Lawsuits against X (formerly Twitter) will soon be heard in the US District Court for the Northern District of Texas. The shift was first announced last month as part of a broader set of changes to X’s terms of service and privacy policy. Now, with the changes set to take effect on November 15, The…