HR platform WorkTorch raises $2.2M seed round

WorkTorch, previously known as QuickHire, announced today the closing of a $2.2 million seed round led by Tenzing Capital. Along with the raise comes the name change, with the goal of encapsulating the business’ focus on employee recruiting and retention. Speaking to TechCrunch, its founders, sisters Deborah Gladney and Angela Muhwezi-Hall said the rebrand was … Read more

Boosted by Twitter drama, Mastodon reaches 1 million active monthly users

Mastodon, the decentralized social network that’s increasingly being positioned as an alternative to Twitter, has eclipsed 1 million active monthly users. That’s according to CEO and lead developer Eugen Rochko, who revealed the milestone in a post on Monday morning. Germany-based Mastodon has experienced rapid growth since Elon Musk’s takeover of Twitter, with nearly half … Read more

SolarWinds says it’s facing SEC ‘enforcement action’ over 2020 hack

The long hangover from a 2020 state-sponsored compromise still isn’t over for SolarWinds, as the software giant targeted by Russian government hackers has to pony up $26 million to shareholders and face possible enforcement action from the federal government. In a recent 8-K filing with the U.S. Securities and Exchange Commission, SolarWinds said it reached … Read more

Indian edtech Unacademy cuts 10% of jobs

Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoffs this year as the Indian edtech warns of harsh economic conditions. In an email to employees on Monday, Unacademy co-founder and chief executive Gaurav Munjal said the startup is cutting jobs across several verticals, many of which it … Read more

2023 will be the year of cyber-risk quantification

John Chambers Contributor Share on Twitter John Chambers is the founder and CEO of JC2 Ventures. Previously, he served as executive chairman and CEO of Cisco. Geopolitical tensions, supply chain challenges, an economic slowdown, an ongoing pandemic and more have meant that companies and people have been impacted in ways that will change how business … Read more

UK government is scanning British internet space for zero-day threats

The U.K.’s National Cyber Security Centre has launched a new program that will continually scan every internet-connected device hosted in the United Kingdom for vulnerabilities to help the government respond to zero-day threats. The NCSC, part of the Government Communications Headquarters that acts as the U.K.’s public-facing technical authority for cyber threats, says it launched … Read more

Ireland-led GDPR probe of Yahoo’s cookie banners moves to draft decision review

A multi-year investigation into TechCrunch’s parent entity Yahoo — looking at compliance with key transparency requirements of the European Union’s General Data Protection Regulation (GDPR), including in relation to cookie banners displayed on its media properties — has taken a step forward today after Ireland’s Data Protection Commission (DPC) announced that it has submitted a … Read more

Unity and IronSource’s $4.4B merger is now complete

Unity‘s proposed merger with IronSource has formally concluded, with the two companies coming together to create an end-to-end platform for developers to build and monetize games. Unity, which is best known for its eponymous general purpose game engine, and IronSource, an adtech company that serves developers with tools for integrating ads, cross-channel marketing, and more, first … Read more

Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco

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

Devialet launches a high-end portable speaker

When you say portable speakers, most people think about cheap Bluetooth speakers that you can easily put in your backpack when you’re going to the park. But Devialet has something different in mind with the Devialet Mania. The French high-end speaker maker wants to make the most luxurious and best sounding portable speaker around. The … Read more

Twitter said to delay verification check mark rollout until after US midterm elections

Twitter is reportedly delaying the rollout of verification check marks to subscribers as the social network attempts to steer clear of possible impact to Tuesday’s midterm elections. The Elon Musk-owned social media company had planned to rollout the revamped version of its subscription service, Twitter Blue, on Monday. The firm started testing the new features … Read more

How ButcherBox bootstrapped to $600M in revenue

Some of the best companies only come about because they found a problem worth solving. For Mike Salguero, CEO and co-founder at ButcherBox, the problem and opportunity in the extraordinarily broken space of meat production and distribution simply could not be ignored. Armed with an idea for how to do things differently, the company ran … Read more

Cloudflare reaches $1B run rate, promises $5B in 5 years. Investors? Not impressed

Cloudflare, the internet infrastructure and security company, reported earnings on Thursday, reaching a significant milestone. With almost $254 million in revenue, the company is on a run rate of over $1 billion for the first time. Revenue, which was up 47% over the previous year, also beat the street’s estimate of $250.6 million. That win … Read more

The fintech layoffs just keep on coming

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 week. … Read more