African corporate cards and spend management platform Bujeti has raised $2 million in seed funding. The startup, involved with how African businesses, including SMBs, startups and enterprises, manage and handle finances, received this capital from lead investor Y Combinator and other backers, including Entrée Capital, Voltron Capital, Unpopular VC, Kima Ventures, Dropbox co-founder Arash Ferdowsi,…
VC investment trends in the cybersecurity market suggest a sector in decline — at least within the context of recent months. According to Crunchbase, cybersecurity deal count fell during Q3 to 153 deals from 181 in Q2. In a more detailed report, Crunchbase suggests that, with Q3 cybersecurity venture funding down 30% compared to the…
On Friday, genetic testing company 23andMe announced that hackers accessed the personal data of 0.1% of customers, or about 14,000 individuals. The company also said that by accessing those accounts, hackers were also able to access “a significant number of files containing profile information about other users’ ancestry.” But 23andMe would not say how many…
Don’t miss your chance to share your startup expertise and speak at TechCrunch Early Stage 2024 in Boston, Massachusetts, on April 25! Our call-for-content application deadline is January 10, 2024. The TechCrunch Early Stage Call for Content AMA “Wait, wut? Did you say ‘application’?” We sure did, but if you suffer from application hesitation, don’t…
These industries lead the way Karthee Madasamy Contributor Karthee Madasamy is the managing partner at MFV Partners, a deep tech-focused venture firm. More posts by this contributor A VC’s perspective on deep tech fundraising in Q1 2023 Since reaching lofty, all-time highs in 2021, startup exits have hit all-time lows over the last 12 months…
You might not be familiar with the name Tomorro, but it is actually not a new startup. Tomorro is a French contract management platform that originally started as Leeway. And today, the company is announcing its new brand and an $11.9 million funding round (€11 million). The reason why Leeway is becoming Tomorro is that…
Spotify’s decision to lay off 17% of its staff is the leading technology story of the morning, and I wouldn’t fault you if you were a little confused why it is doing so. After all, the music streaming company just reported positive operating income and nine figures’ worth of free cash flow in the third…
Back in June, we spotted a few signs that pointed to a hot summer for the secondary venture market. Secondary data platforms like Forge Global and Caplight started to see activity ramp up, and buyers and sellers were finding better consensus on share pricing for the first time since the market corrected in early 2022….
In 2015, as part of the wave of encrypting all the things on the internet, encouraged by the Edward Snowden revelations, Facebook announced that it would allow users to receive encrypted emails from the company. Even at the time, this was a feature for the paranoid users. By turning on the feature, all emails sent…
After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow…
