Technology

Proposed bill would give Biden the power to ban TikTok

March 1, 2023

The U.S. House Foreign Affairs Committee voted in favor of a bill that could give President Joe Biden the ability to ban TikTok. This bill, known as the Deterring America’s Technological Adversaries (DATA) Act, was introduced Friday by Committee Chairman Michael McCaul (R-TX), then fast-tracked to a vote on Wednesday, which passed 24-16; all Democrats […]

Proposed bill would give Biden the power to ban TikTok by Amanda Silberling originally published on TechCrunch

Varo, Stripe said to be raising new funds at much lower valuations

March 1, 2023

With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. This week alone, it was reported that Varo was raising a $50 million equity round led by Warburg Pincus at a “significantly” lower valuation. According to Fintech Business Weekly, the struggling neobank would […]

Varo, Stripe said to be raising new funds at much lower valuations by Mary Ann Azevedo originally published on TechCrunch

Chainlink’s new platform lets web3 projects connect to Web 2.0 systems like AWS and Meta

March 1, 2023

Chainlink, a web3 services platform, is launching a self-service, serverless platform to help developers connect their decentralized applications (dApps) or smart contracts to any Web2.0 API, the company exclusively told TechCrunch. The new platform, Chainlink Functions, also lets builders run customizable computations on Web 2.0 APIs within minutes through its network, Kemal El Moujahid, chief […]

Chainlink’s new platform lets web3 projects connect to Web 2.0 systems like AWS and Meta by Jacquelyn Melinek originally published on TechCrunch

Ben Nye’s new VC firm won’t just give you a fish, but will guide you to the best lake

March 1, 2023

For the past 19 years, Ben Nye sought out promising infrastructure software as co-managing partner of Bain Capital Ventures. Now he and a group of four partners, collected from his time at Bain and as CEO of Turbonomic, are doing the same thing but out on their own with Venture Guides. Nye said the firm’s […]

Ben Nye’s new VC firm won’t just give you a fish, but will guide you to the best lake by Christine Hall originally published on TechCrunch

Insurtech giant Equisoft lands $125M investment, eyes acquisitions

March 1, 2023

Montreal-based Equisoft, an insurance and investment software developer, today announced that it raised $125 million in venture equity. It’s a large amount made more significant by the fact that the investment climate for insurtech vendors is growing increasingly challenging.  A recent Gallagher Re report found that quarterly insurtech funding for Q4 fell to the lowest […]

Insurtech giant Equisoft lands $125M investment, eyes acquisitions by Kyle Wiggers originally published on TechCrunch

YouTube’s new head looks forward to supporting creators though different formats

March 1, 2023

YouTube’s new head Neal Mohan penned his first letter today to creators emphasizing that the company aims to continue supporting the community by giving them more tools to make money. He also mentioned that YouTube is looking to experiment with generative AI and multiple formats like Shorts and podcasts. Last month, YouTube’s long-time CEO Susan […]

YouTube’s new head looks forward to supporting creators though different formats by Ivan Mehta originally published on TechCrunch

The Download: turning garbage into energy, and China’s app anxiety

March 1, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. These companies want to tackle food waste with microbes Some people might look in a grocery store’s dumpster and see garbage. But others are starting to see dollar signs. New facilities are popping…

These companies want to tackle food waste with microbes

March 1, 2023
Some people might look in a grocery store’s dumpster and see garbage. But others are starting to see dollar signs.  New facilities are popping up in the US to help tackle food waste using a process called anaerobic digestion, which uses microbes to break down organic materials. Divert, a company working to address food waste,…