Category: Gaming
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Meet the ScaleUp Startups exhibiting at TechCrunch Disrupt 2024
We’re excited to announce the debut of the ScaleUp Startup Exhibitor Program at TechCrunch Disrupt 2024! Join us at Moscone West in San Francisco from October 28-30 to meet an exciting lineup of startups that are poised to make their mark in the tech world. The ScaleUp Startup Exhibitor Program offers Series A and B…
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VC firm NFX laid off 4 employees and plans to hire more investors
Venture capital firm NFX laid off four employees in September as the firm looks to “rebalance” its resources from its software and product teams to its investing team, general partner Pete Flint told TechCrunch. The layoffs included one product leader and three engineers, Flint said. About a week ago, Amy Lin, chief product officer since…
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General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say
General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $800 million and $1 billion, according to a person familiar with the plans. A continuation fund consists of a portion of stakes that the VC firm has in portfolio companies. With around $25…
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Klarna is about to oust another board member
Klarna, the Stockholm-based buy-now-pay-later outfit that’s barreling toward an IPO, isn’t done shaking up its board. According to the FT, seven directors just agreed to oust investor Mikael Walther from Klarna’s eight-person board, nearly eight years after he joined it. Walther is a confidante of Klarna co-founder Victor Jacobsson, who remains a major shareholder and,…
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Ola Electric stock tumbles as complaints ratch up, and market share erodes
Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $4.75 billion for the first time since its IPO in August. The company’s shares…
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Flutterwave’s chief on the company’s executive hires, product focus, and IPO plans
Flutterwave CEO GB discusses the company’s recent product and administration changes and their implications for the company as it scales. © 2024 TechCrunch. All rights reserved. For personal use only. Last month, Flutterwave, Africa’s most valuable startup, appointed Mitesh Popat as its new chief financial officer. The company, valued at $3 billion when it…
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Sonair takes a cue from dolphins to build autonomous 3D vision sans LIDAR
Ultrasound is perhaps best known as the technology that enables non-invasive body scans, underwater communication, and to help us park our cars. A young startup called Sonair out of Norway wants to employ it for something else: 3D computer vision used in autonomous hardware applications. Sonair’s founder and CEO Knut Sandven believes the company’s application…
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Fintech OpenBB aims to be more than an ‘open source Bloomberg Terminal’
Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free version of a product that will open its arsenal of data and financial tooling to more users. OpenBB is the handiwork of software engineer Didier Lopes,…
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Comcast says customer data stolen in ransomware attack on debt collection agency
The ransomware attack on a U.S. debt collection agency also affects customers of CF Medical and Truist Bank. © 2024 TechCrunch. All rights reserved. For personal use only. U.S. telecom giant Comcast has warned that cybercriminals stole the personal data of more than 230,000 customers during a ransomware attack on a third-party provider of…
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Website builder Squarespace says it’s training its AI tools with curation and taste
Will generative AI tools help people build better websites, or will they just fill the web with spam? With the recent launch of Design Intelligence, a new website builder full of generative AI tools, Squarespace is betting on the former. I spoke with chief product officer Paul Gubbay about Design Intelligence and Squarespace’s broader AI…