Andreessen Horowitz leads $43M Series A for Setpoint, which aims to be the ‘Stripe for credit’

Setpoint, a startup that has built software to help other companies close loan transactions faster, has raised $43 million in a Series A round led by Andreessen Horowitz (a16z). The raise comes just six months after Austin, Texas-based Setpoint closed a $5.5 million seed round and $150 million in securitization. Serial entrepreneurs Ben Rubenstein, Stuart … Read more

Apple is adding end-to-end encryption to iCloud backups

Apple announced some big new security features on Wednesday. | Illustration by Nick Barclay / The Verge Apple will finally be adding end-to-end encryption to iCloud backups, the company said as part of a major set of security announcements on Wednesday. Under what it calls Advanced Data Protection, Apple will expand the number of “data … Read more

Slingshot Aerospace closes Series A-2 to grow space situational awareness platform

Space is packed with human-made objects, and will likely only get more crowded with the continued growth of the space industry. Spacecraft operators have surprisingly little real-time data about where things actually are in orbit, especially in relation to each other. Enter Slingshot Aerospace. The company is building a real-time “digital space twin” so that … Read more

Instagram’s new transparency tools will tell you if your content is ineligible to be recommended

Instagram announced today that it’s introducing new transparency tools so you can see whether your photos and videos are recommended in the app. The social network is expanding its Account Status hub to make it easier for users with professional accounts, like businesses and creators, to understand if their content is eligible to be recommended … Read more

As Apple’s App Store expands price points options, RevenueCat rolls out A/B price testing tools

Just a day after Apple announced a revamp of its App Store pricing policy to introduce 700 new price points, subscription platform RevenueCat is rolling out a new feature that will allow developers to A/B test different price points for their app subscriptions. The feature, called “Experiments,” aims to help developers determine the best price … Read more

Mastercard director sees FTX collapse as chance for the crypto market to reset

Even though one of the largest crypto exchanges, FTX, collapsed and filed for bankruptcy, some market participants aren’t worried about whether the meltdown will alter institutional interest in crypto. “I feel like once you get the momentum for an institution up and running, it’s hard to get them to turn their head and pivot,” Grace … Read more