Designers underwhelmed by Adobe-Figma deal

When Adobe announced it was buying Figma for $20 billion earlier this month, the news was a bombshell. But what stunned a lot of people wasn’t just the truckload of money — it was that a company whose whole raison d’être seemed to be going after Adobe was suddenly going to be part of Adobe. Was … Read more

US arm of Israeli defense giant Elbit Systems says it was hacked

Elbit Systems of America, the U.S. arm of Israeli defense contractor Elbit, says its network was compromised in early June and personal information of employees was stolen. In a breach notification filed with the Maine attorney general’s office, Elbit Systems of America said 369 employees were affected by the data breach, which included employee names, … Read more

‘Insane’ — UK Tech reacts to Gov moves that might hand UK startups contract to Barclays Bank

Tech Nation is trailing in second place in the race to remain the UK’s government-backed ‘startup champion’ after the latter put the £12 million contract out to tender, according to TechCrunch’s sources. First in line at this point in time – in a decision which is due in December – is banking giant Barclays. Tech … Read more

Volkswagen, Umicore venture shows the circular EV battery economy is heating up

Volkswagen is partnering with a Belgian technology group to produce battery materials in Europe, the latest in a spate of industry-wide deals to create a circular battery economy that can meet that can meet production targets as automakers shift toward EVs. The $3 billion joint venture between Volkswagen Group’s battery business PowerCo and Brussels-based Umicore … Read more

Venture investors hit the brakes on productivity software

In the final days of the third quarter, it’s becoming clear that some areas of startup investment are losing luster. Declines are hardly surprising amid a more conservative venture capital market, a falling stock market, and global macroeconomic and geopolitical uncertainty. And still, even with large caveats, the pace of change in certain startup sectors … Read more

UK police arrest teenager suspected of Uber, GTA 6 hacks

Police in London have confirmed a 17-year-old teenager, who is suspected of involvement in high-profile breaches at ride hailing giant Uber and Rockstar Games, has been charged with multiple counts of computer misuse and breaches of bail. The suspect, whose name was not released due to U.K. reporting restrictions on identifying non-adults, was arrested in … Read more

Netflix establishes an internal games studio in Helsinki, led by former Zynga GM

Netflix’s push into the mobile gaming market continues with today’s announcement the streamer is establishing an internal games studio based in Helsinki, Finland, led by the co-founder and General Manager of the Zygna Helsinki game development studio, Marko Lastikka. The studio will be the fourth for Netflix, joining others including Next Games, Night School Studio, … Read more

Hey, look, some startups are still raising money

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Don’t forget that the code “EQUITY” can save you money on Disrupt tickets and TechCrunch+ access. And it makes us here on the show look good! Markets: Stocks are mostly down around the world today, taking especially … Read more

3 ways to implement a product-led sales motion to unleash PLG’s revenue potential

Stephen Moock Contributor Share on Twitter Stephen Moock is the head of sales and success at Calixa, a GTM platform providing sales with the product insights and workflows they need to prioritize, close, and grow self-serve accounts. Product-led growth (PLG), the go-to-market strategy where product usage drives customer acquisition and expansion, is becoming increasingly common … Read more

TikTok faces $29M fine in UK for ‘failing to protect children’s privacy’

TikTok is facing a £27 million ($29 million) fine after the U.K.’s Information Commissioner’s Office (ICO) provisionally found that the company breached child data protection laws for a two year period. The alleged breach happened from May 2018 through July 2020, with the ICO noting that the company “may have” processed data of children under … Read more

Cloudflare launches an eSIM to secure mobile devices

Are smartphones ever entirely secure? It depends on one’s definition of “secure,” particularly when dealing with corporate environments. Most companies with bring-your-own-device policies install apps or agents on workers’ smartphones to help secure them, leveraging the management capabilities built into operating systems like Android and iOS. But those might not be sufficient. That’s what Cloudflare … Read more

IFC and other impact investors return to backing Ukraine startups, with new $250M fund aimed at founders under the gun

Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. But just as there are glimmers that … Read more

timeOS is a Chrome extension that puts your meeting details in one place

Meeting reminders can be tough to navigate. Even if you get a notification 10 or 30 minutes before the meeting you might forget to join or struggle to find the meeting link moments before joining. Magical, a productivity company, aims to solve these problems with a Chrome extension called timeOS. This extension shows your next meeting’s details … Read more

EV charging deals keep coming, Ford squeezed by shortages and Kitty Hawk shuts down

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe … Read more

Vendease, a food procurement platform for African restaurants, nabs $30M led by Partech Africa and TLcom

When Vendease launched in January 2020, it wanted to solve the challenges and inefficiencies in Nigeria’s highly fragmented food sector using a marketplace model that connected suppliers and farms to restaurants and food businesses, with deliveries facilitated within 24 hours. But over the next couple of months, Vendease switched from its middleman role — after … Read more

Samsung launches credit card in India

Samsung has launched two credit cards in India, entering a crowded category that sees over 50 companies fiercely compete for consumers’ attention in the world’s second largest internet market. The South Korean giant said it has partnered with the Mumbai-headquartered Axis Bank and global payments processor Visa to launch the cards, which it is calling … Read more

India is repurposing its COVID-19 contact tracing app and vaccination website

India is repurposing its COVID-19 contact-tracing app and vaccination website to address other health concerns in the South Asian country. A senior official said Sunday that the Indian government is planning to use Aarogya Setu as the country’s standalone health app. The app will offer residents the ability to book medical checkup appointments and verify the … Read more

Apple starts manufacturing iPhone 14 in India

Apple has started assembling the iPhone 14 models in India, it said Monday, locally producing the current lineup for the first time in the same calendar year in the world’s second largest smartphone market as analysts predict a greater shift in the American giant’s future manufacturing. The company’s global partner Foxconn is manufacturing the device … Read more

Interpol issues red notice for Terraform founder Do Kwon

Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to locate and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year and wiped out investors’ $40 billion. Kwon faces charges in South Korea for the wipeout of investors’ money, the prosectors said. The notice against Kwon may … Read more

Disperse, which brings AI-fuelled data to construction projects, raises $16M

Disperse, a U.K.-based construction tech company that offers an artificial intelligence (AI)-powered platform to help project managers track work and capture data from building sites, has raised $16 million in funding. Founded out of London in 2015, Disperse effectively creates a digital version of an entire construction site, including visual snapshots that track the progress … Read more

The unicorn valuation gambit

Happy Sunday, fellow startup nerds. Today we’re talking about risk in the gambling sense of the word. You see, there’s a way for unicorns to avoid painful dilution when they next raise capital, and it appears that a good number of the world’s billion-dollar startups are taking the wager. But new data indicates that the … Read more

Insurtech goes niche

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous … Read more

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