Daily Crunch: Citing ‘unscrupulous actors’ and market trends, Coinbase CEO lays off 950 workers
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Haje is still dazed from spending a week deep in the bowels of Las Vegas for CES 2023 but is grateful to be back in the Daily Crunch saddle. Let’s see what’s […]
Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx
Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. The pair went on to raise a known $10 million funding for the company with investors such as Austin-based Scout Ventures and Steve Papa. […]
Six crypto investors talk about DeFi and the road ahead for adoption in 2023
The crypto venture capital industry has become more selective thanks to the general market downturn and wavering trust caused by a slew of scandals and market disruptions, but investors at major firms are still writing checks in the space. Amid market volatility, decentralized finance, or DeFi, is an area that continues to be in focus […]
TechCrunch+ roundup: New success metrics, M&A timeline, 5 cloud trends for 2023
You don’t need to be an economist to appreciate the myriad forces placing downward pressure on startups today. Setting aside the legions of investors keeping their powder dry, is your yearly revenue growing faster than the inflation rate? What percentage of your sales team has experience working during a downturn? Amidst the angst, there’s some […]
2023 will bring crisper methods for evaluating startup success
Lonne Jaffe Contributor Share on Twitter Lonne Jaffe is managing director at Insight Partners. The momentum of the most active 12 months ever for venture investing did not carry over well into 2022, to say the least. As interest rates and inflation spiked, geopolitical challenges arose and the economy began trending downward, fundraising slowed dramatically […]
Data observability startup Metaplane lands investment from YC, others
The need for data observability, or the ability to understand, diagnose and orchestrate data health across various IT tools, continues to grow as organizations adopt more apps and services. (Nearly 10% of businesses now have more than 200 apps to manage, according to a recent Okta study.) In a large-scale survey of IT decision makers […]
Observability platform Chronosphere raises another $115M at a $1.6B valuation
The market for cloud native observability tools remains hot. As with so many new technologies, containerization solved a fair number of problems but also introduced its share of new ones, including a lot of added complexity that is, in part, driven by the dynamic nature of this architecture. That’s both its strength and downfall, so […]
IonQ acquires quantum networking specialist Entagled Neworks
IonQ, the trapped ion quantum computing company that went public via a SPAC in late 2021, today announced that it has acquired Entangled Networks, a Toronto-based startup that helps industrial and academic users build and optimize multi-quantum-processor solutions, using specialized networking techniques. The two companies did not disclose the price of the acquisition. This marks […]
PE Front Office Announces Sponsorship of Asia Private Equity Forum 2023
New Delhi (India), January 10: PE Front Office, the end-to-end integrated solution provider for Alternative Investment Management, is excited to announce its sponsorship of Asia Private Equity Forum 2023, organized by the Hong Kong Private Equity and Venture Capital Association on January 13, 2023. The Asia Private Equity Forum (APEF) is a leading industry event […]
Rigo, a leading water filtration brand, recently celebrated ten years of exceptional performance
Rigo, a leading water filtration brand by Anil Guptha marked 10 years of superior performance Bengaluru (Karnataka) [India], January 10: On December 26, Rigo a leading water filtration brand by Anil Guptha marked 10 years of superior performance and consistent customer loyalty while witnessing its vision of making clean drinking water affordable and accessible sustain for […]
