Here’s an interesting move. Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. Following this move, Founders Future now has two separate yet complementary businesses. With its VC funds,…
One of Silicon Valley’s most prominent investment firms will face government scrutiny over its investments in China. Sequoia Capital has received a polite but pointed request from Congress to enter into more detail on how it will prevent further U.S. investment dollars from advancing Chinese interests. Sequoia announced in June that it would be splitting…
Microsoft today announced the launch of Radius, a new open-source, language-agnostic application platform for building and running cloud-native applications. The project is being spun out of the Microsoft Azure Incubation team, the same group that previously launched open-source projects like Dapr for building microservices, the KEDA event-driven autoscaling solution, and Copacetic, a security tool for…
Last week, cloud computing company Shadow confirmed a data breach involving customers’ personal information. The hacker claims to have access to the data of more than 530,000 customers. According to an email from Shadow CEO Eric Sèle, the hacker managed to download this data from a software-as-a-service (SaaS) provider’s API. This is just a recent…
Tesla has already cornered the electric vehicle market in the U.S. Now, it’s calling for stricter regulations that will give it even more of an edge. The Elon Musk-owned automaker is urging the Biden administration to adopt tougher fuel economy standards than regulators have proposed, a move that is likely to irritate legacy automakers like…
Stellantis announced Tuesday that it will cancel its planned presentations and display at CES 2024, the tech trade show that takes over Las Vegas every January. The reason? The automaker, which owns a slew of U.S. brands including Jeep, Ram and Chrsyler, cited the cost of the ongoing United Autoworker strike, which has entered its…
Storz & Bickel is the OG maker of cannabis vapes, and the company just revealed its first all-new product since 2014. Called the Venty, the dry herb vape builds on the runaway success of the Mighty and offers significant new features, including the best airflow of any portable vaporizer. Like the Mighty before it, the…
In May of this year, TechCrunch ran a piece titled “Figure’s humanoid robot takes its first steps.” The story was a firsthand account of my visit to the startup’s South Bay offices. The headline was a reference to both the company’s first year of existence and its stated plan to hit a key milestone by…
Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Nishad Singh. Singh’s testimony, which kicked off the third week of Bankman-Fried’s trial, provides fresh details of exactly where…
Google is challenging proposed laws that would require online services to implement age checks in a new framework that theorizes how technology companies should approach children’s safety online. The framework, titled the “Legislative Framework for Protecting Children and Teens Online,” is the tech giant’s response to congressional child online safety proposals. In its set of principles,…
