Trussle, the online mortgage broker backed by the likes of Goldman Sachs, LocalGlobe, Finch Capital and Seedcamp, has lost its founding CEO. Ishaan Malhi, who co-founded the fintech startup five years ago, has resigned with “immediate effect,” according to a rather brief press release issued by Trussle this morning. The company is now searching for […]
After acquiring Ukraine startup Looksery in 2015 to supercharge animated selfie lenses in Snapchat — arguably changing the filters game for all social video and photo apps — Snap has made another acquisition with roots in the country, co-founded by one of Looksery’s founders, to give a big boost to its video capabilities. The company […]
Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year. This is a major rebound since 2016, when startups in the nation had bagged just $4.3 billion. But even as more VC funds — many with bigger checks — arrive in India, the financial performance of startups […]
According to newly released third-party data, TikTok has reason to dance. The famous, short-video application saw its in-app purchase revenue rise 310% on a year-over-year basis according to Apptopia, a startup that tracks mobile app revenue and usage. (The Boston-based startup has raised $8.2 million to date and competes with AppAnnie.) TikTok’s revenue gains are […]
Lenovo sells pricey ThinkSmart Hub conferencing devices. It also sells far less expensive smart displays. Next week at CES it will announce that it will be crossing the streams on the two distinct product lines with the arrival of the ThinkSmart View. The device looks to essentially be a Google Assistant-style smart display, repurposed for […]
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking a quick glance at the venture-backed insurance space. On the heels of ARR milestones set by the well-capitalized Lemonade, another startup in the space, Clearcover, announced a new funding round this week. […]
Tesla said Friday that it delivered 367,500 electric vehicles in 2019 — 50% more than the previous year — a record-breaking figure largely supported by sales of the cheaper Model 3. More than one-third of those deliveries — about 112,000 vehicles — occurred in the fourth quarter. The electric automaker reported production also grew 10% […]
Seems Samsung couldn’t wait a few more days for CES to arrive. The hardware giant this morning just announced the launch of “Lite” versions of its popular handsets, designed to bring key features from the Galaxy S10 and Note 10, without breaking the bank. The devices are a clear response to a sea change in […]
Segway has unveiled a self-balancing vehicle that can go up to 24 mph. Called the S-Pod, it’s designed for sitting while navigating enclosed campuses. Details on how to actually use the vehicle are scarce, but Segway says the “S-Pod uses an adaptive center-of-gravity automatic control system to enable the passenger to easily adjust the speed […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Kate and Alex and the ever-intrepid man behind the dials, Chris, took the time this week to dig into the two biggest stories from the end of 2019 and look into the future. But as you’ll quickly […]