Initia raises $7.5M seed round to simplify blockchain development

February 27, 2024

It’s hard to keep track of crypto’s technical development, but one thing hasn’t changed much: blockchain applications are notoriously hard to build. This stems in part from their decentralized nature, resulting in a lack of uniform standards across different infrastructure pieces. Initia, founded by a group of developers in their late 20s, is trying to […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Confirmed: Photoroom, the AI image editor, raised $43M at a $500M valuation

February 27, 2024

Photoroom, the AI-based photo editing app out of Paris that has been growing like a weed targeting people doing business online while also attracting a lot of casual users to boot, has confirmed that it’s closed its latest funding round: $43 million at a $500 million valuation, according to CEO and co-founder Matthieu Rouif, who […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Sony is laying off 900 employees from its PlayStation unit

February 27, 2024

Sony is laying off around 900 employees in its PlayStation division, the company announced on Tuesday. The cuts will impact 8% of the division’s global workforce, as Sony becomes the latest company to announce major cuts in recent weeks and months. Sony also announced that it will be closing its London Studio in the U.K. […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting

February 27, 2024

For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest.  Today Embat, a Spanish fintech which does what they call “real-time treasury management”, has closed a financing round of $16 million Series […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Go Ahead, Play Hooky

February 27, 2024
Take a moment and reflect on your childhood. Did you ever lie about being sick to get out of school? I sure did. I guess that many of you did…

Writer’s latest models can generate text from images including charts and graphs

February 27, 2024

As generative AI continues to dominate the headlines, it’s hard sometimes to find actual working business use cases among the hype. Writer is a San Francisco startup that is working to create generative AI writing products with the enterprise in mind. Today, the company announced a new capability for its Palmyra model that generates text […]

© 2024 TechCrunch. All rights reserved. For personal use only.