Category: Enterprise
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Antler doubles down on Southeast Asia with $72M second startup fund
Antler, the Singapore VC that focuses on early-stage investments, just closed its second Southeast Asia fund. It’s raised $72 million to double down on startups in Singapore, Indonesia, Vietnam and Malaysia. This should be welcome news for startups. Like other regions, Southeast Asia has faced a persistent funding slump. Between January and July 2024, tech…
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Elon Musk and Donald Trump’s X Spaces event crashes
Elon Musk and Donald Trump’s joint X Spaces event appears to have crashed Monday afternoon. The conversation between the owner of X and the former President was scheduled for 5 pm PT, but users received an error message when joining at that time. “This Space is not available,” said a message on X when trying…
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India’s Kazam powers up to roll out EV charging in Southeast Asia
Kazam, an Indian EV charging solution provider, has raised $8 million to expand its footprint in the country and enter Southeast Asian markets. © 2024 TechCrunch. All rights reserved. For personal use only. EV charging station startup Kazam plans to expand beyond India, where it already holds a significant share of the market, and…
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Elon Musk’s X targeted with nine privacy complaints after grabbing EU users’ data for training Grok
X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting indicating that X had quietly…
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Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice
BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5% stake currently owned by Altice. Based on BT’s market cap…
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Conduit’s cross-border payments expand from LatAm into Africa with $6M round
Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually. A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $250 trillion by 2027. Between 2018 and 2022, the value…
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The best hacks and security research from Black Hat and Def Con 2024
Here is a look back at the top security research from the annual hacker conferences, Black Hat and Def Con 2024. © 2024 TechCrunch. All rights reserved. For personal use only. Thousands of hackers, researchers and security professionals descended on the Black Hat and Def Con security conferences in Las Vegas this week, an…
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Synopsys’s plans to buy Ansys for $35B falls on UK regulatory radar
The U.K. antitrust regulator has confirmed that it’s carrying out an early-stage inquiry into Synopsys‘s plans to buy Ansys. The Competition and Markets Authority (CMA) has opened an “invitation to comment,” meaning any stakeholders or interested parties can file their objections to the transaction, after which the regulator will decide whether to progress the investigation…
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Redfin CEO promises to ‘drink our own urine’ if mortgage rates don’t fall
He really said that: When asked about the company’s “Plan B” if mortgage rates don’t fall, Redfin CEO Glenn Kelman responded, “Plan B is to drink our own urine or our competitors’ blood, stay in the foxhole.” This wasn’t at some informal, off-the-record gathering. It was on Redfin’s second quarter earnings call earlier this week,…
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Oyo valuation crashes over 75% in new funding
The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told TechCrunch. The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding. Patient Capital, run by Oyo founder and chief executive Ritesh…