Polars, the Amsterdam-based company behind the popular open source project of the same name, has raised €18 million (about $21 million) in a Series A round led by Accel, with participation from Bain Capital Partners and angel investors. But while raising this kind of money is the dream of many developers, its creator Ritchie Vink didn’t set out to do …
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Instagram is testing a Reels-first UI in India and South Korea | TechCrunch
Instagram has chosen India and South Korea to test a new interface that displays the app’s Reels page first. The company first showed off a similar design when it launched its first iPad app earlier this month. The new interface has Stories up top, like it did previously, but the DM button now lives on the navigation bar in the …
Read More »The Best Coffee Is the Kind That Shows Up at Your Door Every Week
Frequently Asked Questions What Kinds of Coffee Subscriptions Are There? AccordionItemContainerButton There are two kinds of coffee subscription providers: roasters and retailers. Roasters are cafés and small-batch producers who buy raw beans from farmers all over the world and roast them to perfection. By buying from a roaster, you’re directly supporting the people who make your favorite coffees; there’s no …
Read More »Paid, the AI agent ‘results-based billing’ startup from Manny Medina, raises huge $21M seed | TechCrunch
Manny Medina, previously best-known as the founder of sales automation startup Outreach ($4.4 billion valuation), has wowed investors with his young startup, Paid. Paid just closed an oversubscribed $21.6 million seed round led by Lightspeed. With the €10 million pre-seed round it raised in March, London-based Paid has already raised $33.3 million and hasn’t even hit its Series A yet. …
Read More »Microplastics Could Be Weakening Your Bones, Research Suggests
Microplastics could be a factor in driving up cases of osteoporosis worldwide, according to recently published research. The study reveals that when these tiny plastic particles enter the body, they disrupt the functioning of bone marrow stem cells, which are essential for maintaining and repairing bone tissue. Throughout your life, your bones are replenished. Osteoporosis is a condition where this …
Read More »The AI services transformation may be harder than VCs think | TechCrunch
Venture capitalists have convinced themselves they’ve found the next big investing edge: using AI to wring software-like margins out of traditionally labor-intensive services businesses. The strategy involves acquiring mature professional services firms, implementing AI to automate tasks, then using the improved cash flow to roll up more companies. Leading the charge is General Catalyst (GC), which has dedicated $1.5 billion …
Read More »Oura CEO talks potential IPO and ‘nonnegotiable’ data privacy | TechCrunch
In a recent interview with The New York Times, Oura Health CEO Tom Hale didn’t discuss reports that the company is raising new funding that would value the health-tracking ring maker at nearly $11 billion, but he did talk about whether he has ambitions to take Oura public. “We’ve certainly hit the thresholds of size, trajectory, scale and growth,” Hale …
Read More »DJI loses lawsuit over classification as Chinese military company | TechCrunch
A federal judge has rejected drone maker DJI’s efforts to get off a Department of Defense list of Chinese military companies. U.S. District Judge Paul Friedman ruled Friday that the DoD had provided “substantial evidence” that DJI contributes “to the Chinese defense industrial base.” Pointing to the use of modified DJI drones in the conflict between Russia and Ukraine, Friedman …
Read More »The billion-dollar infrastructure deals powering the AI boom | TechCrunch
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4 trillion will be spent on …
Read More »TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai’s Supernal | TechCrunch
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! The autonomous vehicle industry is years — maybe decades — from maturing. And so there’s still a Wild West quality to the sector, in spite of …
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