Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool by […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.
© 2024 TechCrunch. All rights reserved. For personal use only.
This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022.
© 2024 TechCrunch. All rights reserved. For personal use only.
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Google Cloud, Google’s cloud computing division, had a blockbuster fiscal quarter, blowing past analysts’ expectations and sending Google parent company Alphabet’s stock soaring 13%+ in after-hours trading. Google Cloud revenue jumped 28% to $9.57 billion in Q1 2024, bolstered by the demand for generative AI tools that rely on cloud infrastructure, services and apps. That […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Meta’s move into the open social web, also known as the fediverse, is puzzling. Does the Facebook owner see open protocols as the future? Will it embrace the fediverse only to shut it down, shifting people back to its proprietary platforms and decimating startups building in the space? Will it bring its advertising empire to […]
© 2024 TechCrunch. All rights reserved. For personal use only.