TomboyX, a direct to consumer, gender-neutral underwear brand, has today announced the close of an $18 million Series B funding round led by Craftory. With this deal, Craftory becomes TomboyX’s majority shareholder. TomboyX develops gender-neutral, size inclusive underwear at a relatively affordable price point. The company started when cofounder Fran Dunaway struggled to find herself…
Tempo Automation, a San Francisco-based startup that helps shorten the time from prototype to production for electronics manufacturers, announced today that it has raised a $45 million Series C led by returning investor Point72 Ventures. The round also includes new investor Lockheed Martin and existing investors Lux Capital and Uncork Capital. The company’s turnkey solution…
A look at hundreds of startups rebuilding affordable housing from the ground up Dan Wu is a privacy counsel and legal engineer at Immuta. He holds a JD from Harvard University, and is a PhD candidate for Social Policy and Sociology at The Harvard Kennedy School. More posts by this contributor Innovations in inclusive housing…
Shares of technology companies were hit hard as China retaliated against the U.S. in the latest salvo of the ongoing trade war between the two countries. The S&P 500 Index shed roughly $1.1 trillion of value while the Dow Jones Industrial Average and the Nasdaq Composite Index fell 2.38% and 3.41%, respectively. On Monday, China…
Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down to about 18 months. Founder Jenny Qian Zhiya opened a trial coffee shop in Beijing, with a focus on rapid coffee…
Two years ago today, a powerful ransomware began spreading across the world. WannaCry spread like wildfire, encrypting hundreds of thousands of computers in over 150 countries in a matter of hours. It was the first time that ransomware, a malware that encrypts a user’s files and demands cryptocurrency in ransom to unlock them, had spread…
With the look of someone betrayed, Facebook’s CEO has fired back at co-founder Chris Hughes and his brutal NYT op-ed calling for regulators to split up Facebook, Instagram, and WhatsApp. “When I read what he wrote, my main reaction was that what he’s proposing that we do isn’t going to do anything to help solve…
Ouch. Yikes. Oof. Sigh. Those are some of the friendlier phrases I imagine came out of the mouths of bankers, investors, executives and really anyone who has been paying close attention to Uber’s road to the stock markets today when the company debuted on the New York Stock Exchange below its initial public offering price.…
Aspiring space tourism outfit Virgin Galactic has just announced its readiness to shift its operations to New Mexico’s Spaceport America, from which the company’s first commercial flights will take off. “Virgin Galactic is coming home to New Mexico where together we will open space to change the world for good,” said Virgin founder Sir Richard…
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. Uber opens at a disappointing $42 per share At long last, it’s lift-off for Uber . After pricing its initial public offering…
