TechCrunch Startup News

Electric, the platform that puts the IT department in the cloud, has today announced new funding following a continuation of its Series B earlier this year. Dick Costolo and Adam Bain (01 Advisors) and the Slack Fund participated in the $7 million capital infusion. 01 Advisors put up the majority of the financing ($6 million) […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Users are reporting that stock trading platforms Robinhood and Etrade are not working on a day that’s seem stock markets soar. Neither company acknowledged immediate outages with their platforms. Robinhood’s status page says all systems are “operational,” but its website crashed on loading, stating: “An internal error occured! [sic].” After weeks of turbulent markets largely driven […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Angell has signed a wide-ranging partnership with SEB, the French industrial company behind All-Clad, Krups, Moulinex, Rowenta, Tefal and others. As part of the deal, SEB will manufacture Angell’s electric bikes in a factory in Is-sur-Tille near Dijon, France. SEB’s investment arm, SEB Alliance, is also investing in Angell . The terms of […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Atlassian announced today that it was acquiring Halp, an early stage startup that enables companies to build integrated help desk ticketing and automated answers inside Slack. The companies did not disclose the purchase price. It was a big day for Halp, which also announced its second product today called Halp Answers. The new tool will […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

As we move through life in the pandemic, companies are being forced to review and understand how workflows happen. How do you distribute laptops to your workforce? How do you make sure everyone has the correct tool set? FortressIQ, a startup that wants to help companies use data to understand and improve internal processes, announced […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

As millions of students and teachers shift to learn from home in response to the novel coronavirus disease, modern-day flashcard business Quizlet has raised $30 million in a Series C round led by General Atlantic. Quizlet’s chief executive officer Matthew Glotzbach said that the new funding values the business at $1 billion, up five times […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

LeoLabs has been building out its global network of space-scanning radars for the last couple years, leading up to today’s launch of its Collision Avoidance system, essentially satellite-monitoring-as-a-service. It should prove an indispensable asset to startups that don’t happen to have their own state of the art radar setup. Space is full of junk, and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Target Global is backing a €1 million support fund for tech talent in Spain laid off or furloughed as a result of the coronavirus crisis. The aim is to provide pre-seed financing to help crisis-hit tech workers switch gears and build out a startup concept over the next four to six months, covering living expenses […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Alon Gilady, CEO of RenovAI, told me his startup is trying to solve the problem that many of us face when we’re moving into a new home — we aren’t interior designers, but we can’t afford to hire real designers, either. Apparently Gilady’s co-founder and vice president of products Alon Chelben had this issue himself […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The retirement wars are heating up. As millions of baby boomers leave their jobs in the coming years and transition into retirement, there is a huge competition for who will manage their savings. On one hand are traditional wealth managers, firms like Edward Jones, who either employ full-time human financial advisors or empower independent contractors […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

After investigative reporting revealed his undisclosed involvement in shooting at a synagogue with KKK members at age 17, the CEO of Banjo will leave the company he founded. In a short blog post, the company announced a “change in leadership” and the resignation of its founder and CEO Damien Patton. The Utah-based company will transition […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’re not letting this pandemic disrupt Disrupt SF 2020. Like any determined early-stage startup founder, we’re adapting and moving forward. Can’t join us in person on September 14 – 16? No problem. Take advantage of Digital Startup Alley, a completely new way to disrupt. Place your startup in front of influential movers and shakers and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Imagine a model of collaborative research and development among hospitals, pharmaceutical companies, universities and other research institutions where no one shared any actual data. That’s the dream of the new New York-based startup Owkin, which has raised $25 million in fresh financing from investors, including Bpifrance Large Venture, Cathay Innovation and MACSF (the French Pension […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Sleuth, an early stage startup from three former Atlassian employees, wants to bring some much-needed order to the continuous delivery process. Today, the company announced it has raised a $3 million seed round. ​CRV led the round with participation from angel investors from New Relic, Atlassian and LaunchDarkly. “Sleuth is a deployment tracker built to […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Savings and investing apps are having a moment. While many startups are struggling in the wake of COVID-19 and its economic impacts, services that help regular folks save a bit more or invest their funds are seeing a demand boom. Coming into 2020 on the back of a huge fundraising year for the fintech cohort, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

“Assembly” may sound like one of the simpler tests in the manufacturing process, but as anyone who’s ever put together a piece of flat-pack furniture knows, it can be surprisingly (and frustratingly) complex. Invisible AI is a startup that aims to monitor people doing assembly tasks using computer vision, helping maintain safety and efficiency — […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Wunderlist is going away, but fans of the productivity app may find some consolation in founder Christian Reber’s announcement that he is launching a new startup called Superlist. “Superlist will be more than just a todo app, but never as bloated as the project management software you loathe to use,” he tweeted. “Slick, fast, and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Treasury Prime, a startup that built software tooling to help banks automate and accelerate routine tasks, announced today that it has closed a $9 million Series A. The new capital was sourced from Amias Gerety of QED, Jason Lemkin of SaaStr, and Hans Morris of NYCA Partners. The capital event is yet another funding round […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cockroach Labs, the NYC enterprise database company, announced an $86.6 million Series D funding round today. The company was in no mood to talk valuations, but was happy to have a big chunk of money to help build on its recent success and ride out the current economic malaise. Altimeter Capital and Bond co-led the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

As expected, Robinhood has closed a new round of capital. The late-stage, consumer investing app announced today that it has closed a $280 million Series F funding at an $8.3 billion valuation. This closely tracks prior coverage that the firm was hunting for a nine-figure round at a valuation of around $8 billion. Robinhood raised […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The optimism that confounded many in April may be slipping in May, as stocks fell during Friday’s trading session and are down again this morning. The tech-heavy Nasdaq Composite is off 0.55% this morning, putting it 13% off its record highs set this year, but also up 29% from its 52-week lows it set directly […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Prague based Resistant AI has nabbed a $2.75M seed round. The security startup’s machine learning technology is designed to be deployed on top of AI systems used for financial decision making to protect customers in markets such as financial services and ecommerce from attacks such as targeted manipulation, adversarial machine learning and advanced fraud. The […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Machine learning has quickly gone from niche field to crucial component of innumerable software stacks, but that doesn’t mean it’s easy. The tools needed to create and manage it are enterprise-grade and often enterprise-only — but Determined AI aims to make them more accessible than ever by open-sourcing its entire AI infrastructure product. The company […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Fund, an early-stage investment firm with a memorably straightforward name, is looking beyond New York City as it starts investing its second fund. Founders Jenny Fielding (who’s also managing director at Techstars New York) and Scott Hartley (also co-founder and partner at Two Culture Capital) told me that in the past two years, they’ve […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Biloba, a French startup that wants to leverage tech to make it easier to keep your children healthy. The company recently launched a new mobile app that lets you chat with a doctor whenever you want between 8 AM and 8 PM. This way, if you have questions about your kids, you can get […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Continuing our week’s coverage of new venture funds, this morning let’s dig into Kickstart’s latest capital pool. Kickstart Seed Fund, based in Utah’s Salt Lake City, has raised a $110 million Fund V it announced this morning, its largest to date. The firm’s rise to investing prominence has largely coincided with Utah’s own emergence as a […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mojo Vision’s technology still felt early-stage when we met with them back at CES. But the demos we did see were enough to convince us that there really could be something to the California startup’s smart content lens technology. Clearly we weren’t alone in that. The company just announced that it has raised more than […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

More than 150 investors and entrepreneurs in India are funding dozens of projects in a bid to help millions better combat the COVID-19 epidemic and help the nation’s booming startup ecosystem withstand the economic devastation it has caused. The investors said they have contributed 1 billion Indian rupees — or $13 million — of their […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System (OMERS), has put together a new, $750 million fund to invest in both Europe and North America. The capital vehicle is larger than the group’s preceding European and North American funds combined. In 2019 OMERS Ventures announced a €300 million fund Europe-focused […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

We weren’t alone in being impressed by Motiv. The startup helped flip the script on wearables by essentially cramming a fitness tracker’s worth of technology into a ring. This week, San Francisco ‘digital identity’ startup Proxy that it’s acquiring the company. The company’s site is littered in buzzwords, but Proxy specializes in digital key cards […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

If we continue to view the USPS as simply a balance sheet and optimize for profitability in a vacuum, we ultimately stand to lose far more than we gain. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today Opera Event, an influencer software service, announced that it closed a $5 million Series A. The Oakland-based startup raised the capital from new lead investor Antera, with prior investors Atlas Ventures, Everblue, and Konvoy Ventures coming along. According to Crunchbase data, Opera Event had raised at least $1.2 million before this new round. Opera […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today SingleOps, an Atlanta-based software startup, announced that it has raised $6 million in new capital. The startup’s service is built to support companies that deal with outdoor work like landscaping, tree care and lawn maintenance. It’s an example of the vertical SaaS trend that has come to the fore in recent years, with startups […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Online coding bootcamp Lambda School is the latest startup to announce layoffs, writing in a blog post that it’s made the “difficult decision” to cut 19 staff from roles across the company. The eight members of its executive team, including CEO and founder Austen Allred, are also taking a 15% pay cut, it said. Today […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Michael Ovitz didn’t invent the idea of a talent agency, but one might argue that he perfected it. He founded the CAA in 1975, and grew it into the world’s leading talent agency, serving as chairman for 20 years. Now, Ovitz is investing in a brand new type of talent agency called Human Capital. Human […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Disruptor Beam, the mobile gaming startup behind Star Trek Timelines, has a new name and a new business. It’s now calling itself Beamable, and it’s selling a set of tools to help game developers add commerce and social functionality to their titles. The company’s direction became clear earlier this year when it sold Timelines to […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. Today’s round follows last year’s $125 million Series D. At that point the company was valued a mere $2.5 billion. Investors obviously see […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

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After mounting pressure from the U.K. tech startup ecosystem, and much debate, the British government today unveiled plans for a new “Future Fund” designed to ensure high-growth companies — namely, startups — across the U.K. receive enough investment to remain viable during the coronavirus crisis. Initially, the U.K. government is pledging a total of £250 […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Savvy, a healthcare cooperative, has just raised an undisclosed amount of funding from Indie.vc. Established as a cooperative that shares profits with its users, Savvy connects patients with healthcare companies and other providers looking to better serve people through products and services. Patients can take paid gigs that include tasks like interviews, focus groups and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Starting tomorrow, 777 supermarkets in California, Illinois, Indiana, Iowa and Nevada will begin stocking the Impossible Foods plant-based meat substitute. Fueling the increased distribution and a push to expand its product suite and geographic footprint domestically and internationally is a $500 million round of funding the company closed in March. Some of that money is […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

This morning Everee, a Utah-based software as a service (SaaS) startup focused on payroll, announced that it has closed a $10 million Series A. The funding event was led by Origin Ventures and Signal Peak Ventures. Previously, Everee had raised a $3.7 million Seed round in mid-2019. The company is therefore as well capitalized as […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the private market, the public market and the economy as a whole in the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Disrupt San Francisco 2020, the OG of startup tech conferences, takes place at Moscone West on Sept. 14 – 16. It’s an event you don’t want to miss, and we’re here to tell early-stage founders one of the best ways to get the most out of the Disrupt experience. Apply to compete in Startup Battlefield […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The well-funded Japanese space startup Synspective has tapped launch provider Rocket Lab to take its first Earth observation satellite to orbit. Launch is planned for late 2020, and the company’s StriX–α craft will be the sole payload. Synspective was founded in 2018 and by mid-2019 had raised about $100 million, making it one of the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

As the coronavirus crisis continues, hiring data is emerging that paints a mixed picture for U.K. tech, which, in the preceding months and years has been stuck on a growth trajectory of up and to the right. That appears to have changed almost over night. According to numbers shared exclusively with TechCrunch from job sites […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Layoffs have struck the startup world swiftly, hurting hospitality and travel startups, as well as recruitment and scooter companies. New data shows that some of those layoffs, brought on by COVID-19, might be disproportionately impacting satellite campuses. By nature, satellite offices are secondary to a startup’s headquarters. Opening smaller offices is a strategic move when […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Frank, a New York-based student-facing startup, has raised $5 million in what the company described as an “interim strategic round” led by Chegg, a public edtech company. According to Frank founder and CEO Charlie Javice, previous investors Aleph and Marc Rowan took part in the round alongside new investor GingerBread Capital. The education funding-focused startup […] Learn more about your ad choices. Visit podcastchoices.com/adchoices