A group of large investors in Byju’s has called for an extraordinary general meeting (EGM) where they seek to change the leadership at Byju’s days after the edtech group launched a rights issue at $25 million pre-money valuation. The consortium of investors said it has called for the EGM following “many months of continued efforts”…
Activist investors are coming for Etsy. Elliott Management, the investment management firm known for its aggressive governance tactics, has built a roughly 13% position in Etsy’s stock, CNBC reports — a mix of shares and options. It makes Elliott Etsy’s largest investor after Vanguard, which has an 11% share, and the asset management giant BlackRock…
Planet A Foods, a B2B sustainable ingredients company, announced $15.4 million in Series A funding. The brother-and-sister founding team of Drs. Max and Sara Marquart started the Munich-based company to create a sustainable alternative to cocoa. When TechCrunch initially wrote about the company in 2021, it was going by the name QOA. The idea behind…
The TikTok ban on U.S. government devices is proving hard to enforce. A month after the IRS was found to be in non-compliance with the federally mandated ban on the Beijing-based video app, two Republican senators are asking the IRS why it’s still allowing some of the agency’s employees to access the social network, and…
Michelle Moon Contributor Michelle Moon is a principal at Sorenson Capital, where she invests in early-stage B2B software companies that help enterprises harness the power of data and analytics. Construction often gets a bad rep as one of the “dinosaur” industries. This is not entirely unwarranted: Productivity growth in the sector averaged just 1% over…
There’s an acute shortage of radiologists around the world, which means it is harder for medical teams to get imaging studies done. As a result, more than 200 companies have sprung up to create applications that use AI to automate different parts of the radiology process. CARPL, a radiology marketplace that counts Singapore’s government as…
Ivanti warned on Wednesday that hackers are exploiting another previously undisclosed zero-day vulnerability affecting its widely used corporate VPN appliance. Since early December, Chinese state-backed hackers have been exploiting Ivanti Connect Secure’s flaws — tracked as CVE-2023-46805 and CVE-2024-21887 — to break into customer networks and steal information. Ivanti is now warning that it has…
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our interview show, where we sit down with interesting, knowledgeable folks and dive deep into what they are building, designing or thinking about. Today,…
Instagram Threads will adopt another Twitter/X feature: Trends, the company has confirmed. In a reply to a user on the app, Instagram head Adam Mosseri noted that work on such a feature was in the works, responding that “we are working on surfacing trends” — a feature that would make the X rival even more…
A day after reporters published their first hands-on review of Apple’s Vision Pro, the technology giant released its first security patch for the mixed reality headset to fix a vulnerability that “may have been exploited” by hackers in the wild. On Wednesday, Apple released visionOS 1.0.2, the software that runs on the Vision Pro, with…
