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On Tuesday, tech and communications regulator Roskomnadzor threatened to block Wikipedia over the Russian-language page covering Russia’s invasion of Ukraine, claiming it contained “false messages” about war casualties and the effects of economic sanctions, among other things. Tuesday’s takedown request threatened censorship.
Asteroid 2024 YR4 — spotted by a telescope from the NASA-funded Asteroid Terrestrial-impact Last Alert System — has been deemed an object worthy of close monitoring because of its size. " Currently, no other known large asteroids have an impact probability above 1 percent," the space agency explained.
Well that’s one way to do propaganda : The search engine giant Google was hit with $375 million by Russia for failing to take down certain content, Ivan writes. The fine came a month after Roskomnadzor, Russia’s telecommunication watchdog, warned the company it could face penalties for violating local laws. Big Tech Inc.
We’ve got acquisitions, funding rounds, the end of products, and more. Epic Games buys Bandcamp : Straight from left field, this deal took the tech world by surprise. The push to fund Ukraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. Now, to work! The TechCrunch Top 3. Startups/VC. The answer?
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). million jobs.
Xreal announced in January 2024 it had raised an additional $60 million in funding for further development of its AR glasses. Varjo and partner Dogfight Boss also announced in August that their headset-based F-16 simulator had been deployed to help Ukraine train fighter pilots in its war with Russia. In the U.S.,
Russia is invading Ukraine as we write, and global markets are in freefall. Last week, this column took a look at the European technology market’s deep tech expertise. The Exchange started its look at European deep tech with a report from Angular Ventures. Writing about Europe is hard today.
Day One Ventures , a venture firm launched in 2018 with a pitch to combine venture capital acumen with marketing and communications support, has launched a program aimed explicitly at those impacted by tech layoffs this year. The program, titled “ Funded Not Fired, ” will write $100,000 checks into 20 startup teams by the end of the year.
Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. and Catherine T.
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. But Europe’s situation is perhaps more curious; after all, it is the closest to Russia and its war on Ukraine. was up in the first quarter of 2022, CB Insights and Crunchbase data show. Data overview.
On February 24, Russia launched an invasion of neighboring Ukraine after months of a military build-up on its borders. As the situation on the ground changes rapidly over the next few hours and days, TechCrunch will continue to bring news and analysis on how the conflict unfolds across the tech and startup community. GET IN TOUCH.
As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begins once a company hits growth stage, it’s worth addressing an elephant in the room that comes around often in the tech versus media debate. Some big tech apps remain. How do we cover failure?
I remember the dread I felt as a startup worker during downturns when I read about mass layoffs at tech firms that had previously been considered ascendant. And it was presaged by falling public markets that, we presume, allowed some private companies to conserve cash in anticipation of, say, a more conservative funding market.”
Tech crackdown on Russia continues : The technology world is tightening the screws on Russia in the wake of the country’s invasion of Ukraine. Russia blocked Facebook. The corporate venture world is not the only place where we’re seeing more funds pop up. Big Tech Inc. The TechCrunch Top 3. In response?
To be clear, Ecosia is also continuing to fund tree-planting with search ads profits (an activity it’s best known for) — but the Berlin-based search engine told us it’s now making an “ongoing commitment” to green energy investment as a result of the energy crunch triggered by Russia’s invasion of Ukraine. .
Netflix will not distribute a number of state-run channels in Russia as mandated by a new law, the company says, following reports that it could soon be forced to carry the networks. Following Russia’s attack on Ukraine , tech companies are being pressured to answer for how they’ll continue to operate their businesses in the country.
And today it’s announcing a new €20M bridging funding round, ahead of the expected (beefier) B. It notes that this (pre-) Series B funding includes the issuance of convertible notes which will lead to equity next year in the full Series B round so a bunch of investors are clearly bought into its sales growth pitch.
Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. The round included primary and secondary capital, and was led by SoftBank Vision Fund 2 and returning investor BlackRock. Other participants included new investors OMERS and Sony Innovation Fund by IGV.
But it just didn’t feel right for us to sit and chit chat about funding rounds and executive shuffles when Russia is busy invading a democracy under false pretenses. TechCrunch has some notes on the situation for the tech world in Ukraine, which is worth a read. That’s it from us.
million venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger’s 13th venture fund, despite its title — the partners might be superstitious — and it comes hot on the heels of the firm’s 12th venture fund, closed exactly a year ago, also with $3.75
London grocery delivery upstart, Jiffy — which was only founded in April this year — has nabbed $28 million in Series A funding around half a year after initial £2.6M The Series A funds will go on expansion within London — and maybe also further afield, as Jiffy eyes moving into other urban locations in the UK.
But one key component of its production — energy; electricity — is facing supply issues of its own in Europe at present, in the wake of Russia’s invasion of Ukraine. Russia being a major but unreliable supplier of gas to Europe.). Solein looks like a no brainer on the environmental front.
Over the past month, we’ve seen companies like Thatch raise $3 million for its platform aimed at travel creators, travel tech company Hopper bring in $175 million , Wheel the World grab $2 million for its disability-friendly vacation planner, Elude raise $2.1 The new funding will be deployed into marketing in the U.S., YouTravel.Me
After a decade-long bull run, many venture capital funds have found themselves holding overvalued shares of companies whose IPO prospects have been either eliminated or significantly delayed. are morally and financially invested in preventing Russia from successfully annexing parts of Ukraine. With respect to the U.S.
But in the country’s huge middle, startups are being built and funded at record pace. And Chicago, one of the most important American metropolises, is funding more and more underrepresented founders at the seed and angel stages. So, many companies are building tech to make Ethereum scale. Startups and VC. You can sign up here.).
More than $15 million has been donated so far More than $15 million in cryptocurrency has been donated to Ukrainian groups since Russia attacked the country on February 24th, according to research firm Elliptic. In tech-savvy Ukraine, crypto has emerged as a quick and easy way to handle this money. Ukraine) February 26, 2022.
Moar News, fresh from the TechCrunch firehose of tasty morsels of news and commentary: I’m too sexy for Milan, New York, and Hangzhou : Zhiyi Tech raises $100 million to help fashion brands predict bestsellers. Big Tech Inc. This follows its move of stopping shipments to customers in Russia and Belarus. And the U.S.
Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. and Russia. It’s also making forays into non-game scenarios like online education and autonomous driving.
Today, we have a story about hacking efforts that are impacting the Ukrainian defense and a piece discussing internet restrictions in Russia as they relate to U.S. MWC, or Mobile World Congress, is a yearly tech confab that has become, Heater notes, “the smartphone show.” social networking services. “ Startups/VC.
Started as a side project by its founders, Warren is now helping regional cloud infrastructure service providers compete against Amazon, Microsoft, IBM, Google and other tech giants. Tael said the startup is also in discussion with potential partners in other markets, including Russia, Turkey and China. It recently closed a $1.4
Five had raised around $78 million in funding, and according to PitchBook data was last valued at $216 million in its last round, a $41 million investment in March 2020 that coincided with the company’s B2B pivot. From what we understand, if required due to sanctions, Bosch would put funds into a holding account if needed.
Moove proves that startups can still raise twice in one year : African startup Moove is back in the news today, raising a huge $105 million Series A2 round of funding. Big Tech Inc. Instagram now really blocked in Russia : After promising to cut off Instagram from its territory, Russia has made good on the threat.
Some companies like Stripe have built tech to get around some of the hurdles that arise as a result of this: for example, it can take typically days to reconcile and settle a transaction on traditional payment rails. Just look at the discussions on SWIFT and cutting off Russia, and how slow that has been moving.”
How tech is responding to Russia’s invasion of Ukraine : The technology world is a global industry, which means that when geopolitical conflicts arise, it impacts the world that TechCrunch covers directly. As we noted previously, deep tech investment in Europe had a very strong 2021. Big Tech Inc. Now, to work.
That’s the question that Connie takes to investor Gokul Rajaram, who discusses the idea of closing up shop and returning some funding. Keeping it in the family : The Family Fund puts its investment spin on consumer brands with its new $25 million fund, Christine writes. Big Tech Inc. expansion of startups?
based tech company, Softjourn, which has an R&D office and many employees in Western Ukraine. Our team, along with the greater tech community in Ukraine, has been united in helping the war efforts. As members of the global tech community, we are uniquely positioned to help at this critical juncture.
Ilya Sutskever, born in Russia but raised in Jerusalem, studied with AI pioneer Geoffrey Hinton, who has warned about the dangers of AI. Sutskever is widely respected as one of the worlds top AI researchers, which makes this possible funding round less surprising (even if the companys valuation is higher than expected).
Jagmeet and Manish report that the tech company today relaunched Street View in India. It has raised a $250 million round of funding to double down on the opportunity. It aims to “raise the sales” for DTC merchants , and closed $3 million in seed funding, Christine writes. Big Tech Inc. 52 billion for U.S.
A freshly funded player is PixCap , which is entering the fray with a no-code, web-based 3D design tool. million from a seed funding round. France and Russia. A clutch of startups is trying to topple Adobe’s dominance in three-dimensional modeling and do more than Canva.
Mythic , an AI chip startup that last November reportedly ran out of capital, rose from the ashes today with an unexpected injection of fresh funds. Co-founded by Fick and Mike Henry at the University of Michigan under the name Isocline, Mythic developed chip tech that stores analog values on flash transistors. billion.
With the national banking meltdown out of the way…let’s continue with the rest of the tech news! Biting into an AI Apple : Apple isn’t about to let all those other big tech companies get in on the AI fun. Big Tech Inc. Don’t forget to wear something green tomorrow! Alex found some bullish news for software companies.
Cybersecurity and Infrastructure Security Agency (CISA) released a notice after Russia invaded Ukraine warning about the potential for state-sponsored cyber attacks: “Every organization — large and small — must be prepared to respond to disruptive cyber activity,” it advised. . Amanda Silberling: Big money + Big Tech = skeptical artists.
When Russia invaded her home country of Ukraine, U.K.-based based tech entrepreneur Irra Ariella Khi , co-founder of Zamna , set up a fundraising page to directly support people inside Ukraine. Sunflower helped fund the delivery of aid by Baby Lifeline; Andrea Fraser from Justice.org from Edinburgh, NHS Scotland, a U.K.-based
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC-backed startups in Southeast Asia, having raised over $60 million in funding. This is the third part of a four-part series that will provide insight into starting, building, and funding a company across Asia.
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