Avalanche Foundation to invest $50M in asset tokenization on its blockchain

July 25, 2023
The Avalanche Foundation is allocating up to $50 million to purchase tokenized assets created on its layer-1 blockchain, the company exclusively told TechCrunch. The initiative, Avalanche Vista, aims to highlight the value of tokenization in different sectors like equity, credit, real estate and commodities. Tokenization is the process of creating a digital representation of a […]

Nexla has defied startup conventional wisdom with slow and steady growth

July 25, 2023
When Nexla launched a data operations platform at TechCrunch Disrupt Battlefield in 2017, building applications on top of that data was not necessarily a well understood concept. As time has gone on, however, the company has matured alongside the machine learning market, and today it’s able to help customers build applications based on the data […]

Arc browser is now available to download for everyone

July 25, 2023
After staying in invite-only mode for more than a year, The Browser Company’s Arc browser is now available to everyone. The company is also bumping up the browser version number to 1.0 with this announcement. The startup also unveiled a revamped website with this launch. Arc is currently only available for Mac users, but the […]

Akooda is using AI to help companies understand their business with fewer meetings

July 25, 2023
As organizations grow, it becomes harder to understand what’s happening operationally across departments inside a company. We tend to use meetings to try and figure out what others are doing, which isn’t terribly efficient. Akooda is an early stage startup trying to help solve that problem by using AI to analyze the company’s internal software […]

Grubhub+ gets new deals like 5% back on pickup orders, among others

July 25, 2023
Grubhub is adding new rewards to Grubhub+, its loyalty subscription program, to give users more savings. The delivery app announced today that Grubhub+ is getting new rewards such as a 5% credit back on pickup orders, lower service fees, milestone rewards and a new Shell offering for members participating in the Fuel Rewards program, among […]

Ivanti rushes to patch zero-day used to breach Norway’s government

July 25, 2023
Hackers exploited a zero-day flaw in Ivanti’s mobile endpoint management software to compromise a dozen Norwegian government agencies — and thousands of other organizations could also be at risk. The Norwegian Security and Service Organization (DSS) said in a statement on Monday that a “data attack” had struck the IT platform used by 12 government […]

The Download: AI transparency, and Twitter’s transformation

July 25, 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. It’s high time for more AI transparency In less than a week since Meta launched its open source AI model, LLaMA 2, startups and researchers have already used it to develop a chatbot…