Amazon’s Ring announces plan to use a robot for security patrols alongside new home security devices

Alongside news of new Alexa devices, Amazon today unveiled a refresh of its Ring lineup including new cameras, alarms and more. The flagship addition for consumers is a new “pro-tier” security camera joining Ring’s radar-powered lineup, the Spotlight Cam Pro. However, the more interesting (or creepy?) news is Amazon’s plan to integrate its Ring Virtual … Read more

Lionsgate to spin off studio biz, announces new ‘Lionsgate+’ brand for international streaming

In May, Lionsgate announced that it planned to spin off Starz. According to an SEC filing today, the company is switching focus on spinning out its studio business from Starz instead of the other way around. The SEC filing states, “[Lionsgate] remains on a path to separating our Starz and studio businesses. As negotiations progress, we … Read more

Iranian tech activists detail how tech industry could unlock Internet access to aid anti-regime protests

While Iranians struggle to access the Internet as civil protests continue to grow against the regime, TechCrunch has spoken to a tech entrepreneur inside the country to get a picture of how a small group of activists is working to get internet access working again inside the country after it was debilitated by the government, … Read more

What are the new must-hit startup metrics?

As we close out the third quarter and look ahead to Q3 venture capital results (early work here, here, and here), I am curious about present-day targets for startups at different stages. What does a startup need to have done — and what does it need to forecast — to raise a Series A today? … Read more

Dear Sophie: Is it OK to use a visitor visa while holding an H-1B?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: My … Read more

Solana developer platform Coral raises $20M led by FTX, Jump Crypto to build web3’s iPhone

Developers are a huge catalyst for growth in the competitive world of layer-one blockchains. Where the devs go, they build out applications and robust ecosystems, and user activity and interest tends to follow. Coral has been instrumental in building out dev tools for the Solana blockchain ecosystem. The startup created Anchor, which it says is … Read more

EQT acquires Billtrust, a company automating the invoice-to-cash process, for $1.7B

Billtrust, a company developing a platform to automate the invoice-to-cash process, today announced that it agreed to be acquired by EQT, the Sweden-based private equity firm, for $1.7 billion in an all-cash deal. Approved by Billtrust’s board of directors, the transaction is expected to close in Q1 2023 subject to the green light from Billtrust’s … Read more

Invisible AI raises $15M to stick worker-monitoring cameras in factories

The rise of so-called “smart factory” technologies is leading to a race to modernize manufacturing plant and warehouse floors. Old equipment is being replaced by newer, more advanced machinery as manufacturers look to keep pace with the competition — and wrestle with high turnover rates. According to a survey by Plex Systems, 50% of manufacturers … Read more

Building startups in public has an end date

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha asked: How does the “build in public” mindset impact the … Read more

The unbearable lightness of being asset-light

Daniel Hoffer Contributor Share on Twitter Daniel Hoffer is the managing director of Autotech Ventures. He leads investments in B2C and B2B startups with a focus on marketplaces, SaaS, and logistics. Commerce is as old as humanity, and yet innovation in how to build better and more efficient companies not only continues, but is accelerating. … Read more

Femtosense raises capital to power the AI inside of consumer electronics

Large AI systems like OpenAI’s GPT-3 might grab headlines, but the practical limitations of power consumption and cost — not capabilities — often determine where AI is deployed. For the most part, highly capable systems are relegated to the cloud because they’re too complex to run on edge devices with weaker hardware and limited connectivity. … Read more

Hofy lands $15M to help companies remotely manage enterprise equipment

In March 2020, Sami Bouremoum and Michael Ginzo, two tech entrepreneurs with a background in consulting (Bouremoum worked for Bain & Company) and software development (Ginzo led product at hiring startup Deel), came together to co-launch Hofy, a company that delivers office equipment to remote hires. It wasn’t long after that Hofy began earning “low-six-figure” … Read more

Trading app Public.com debuts alternative asset offering with Birkins, Banksy and CryptoPunks

Investment app Public.com (Public), a Robinhood competitor that pivoted away from the contentious payment-for-order-flow (PFOF) revenue model, is expanding its offerings in a big way. The three-year-old company purchased Otis earlier this year to allow consumers to buy and trade fractional shares in alternative assets. Today, the company announced that it has integrated Otis’s offerings … Read more

Bad robot: Europe plans product liability changes to make it easier to sue AIs

The European Union is to update product liability laws to tackle the risk of damage caused by artificial intelligence systems and address other liability issues arising from digital devices — such as drones and smart devices. Presenting a proposal for revisions to long-standing EU products rules — which includes a dedicated AI Liability Directive — … Read more

TikTok says fake account removal increased 61% to 33.6M in Q2 2022

TikTok is continuing its PR offensive to convince the world that it takes its content moderator responsibilities seriously, as the Bytedance-owned social video platform today published its latest Community Guidelines Enforcement Report. Covering the period from April 1 to June 30 this year, the report spans a wide gamut of self-reported data points around video … Read more

This new app is helping Gen Z invest in cars, food, video games and other ‘themes’

Michael Haddix Jr. is a former college basketball player who was pre-med until he discovered investing once finishing undergrad. After being exposed to it, Haddix  says he got “really excited” about investing and went on to get an M.B.A. from Columbia Business School so that he could work in the field. Upon completing graduate school, … Read more

Flora poised to bloom as sustainable brand marketplace launches this year

E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Co-founders and … Read more

Scale Venture Partners closes $900M for fund to back software startups

Money continues to flow into new venture capital funds. For example, in the past month, Runa Capital, Lerer Hippeau, Razor’s Edge Ventures, First Star, OurCrowd, Northzone, Janngo Capital and Kapor Capital all announced new funds. Now it’s Scale Venture Partners’ turn, announcing it secured $900 million in committed capital for its eighth fund, also its … Read more