Tuesday, September 12, 2023

Here are the major announcements from today’s Apple Event 2023

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By Christine Hall

Tuesday, September 12, 2023

Apple unveiled several new products today, and our team was on the ground and virtual for it. Catch all the action from the Apple Fall Event 2023, including a quick rundown of everything you need to know about all of the gadgets announced, including:

While we were preparing to take a bite out of Apple, the California Senate voted to ban driverless autonomous trucks. The bill now goes to Governor Gavin Newsom's desk. Find out whether Newsom is in favor of this bill.

And after months of testing, the TikTok Shop officially launches in the U.S. Also, watch these TikTokers make "Get Ready With Me" videos in Spanish to connect with their roots.

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Image Credits: Apple

More top reads

This 3D home could be yours, if the price is right: Mighty Buildings raises $52 million to build 3D-printed prefab homes. Surprisingly, they are easy to assemble.

Security!: Ascento is addressing the security guard shortage with autonomous security patrolling robots called Ascento Guards. See how cute they are.

It's all in the logistics: Amazon's new Supply Chain by Amazon expands on its logistics network, which includes restocking physical stores. Never get boxed in again.

From day to night: Spotify's latest personalized playlist, called daylist, adapts to your mood throughout the day. And the beat goes on.

Good conversation: Druid, a conversational AI platform for enterprises that integrate with ChatGPT, raises $24 million. Read more.

No men allowed: Lyft's newest feature could convince more women to drive for the ride-hailing app. Find out more.

What's up with Salesforce: Today at the Dreamforce customer conference, Salesforce announced Einstein Copilot Studio, a tool that lets customers customize the Salesforce base Einstein GPT and Einstein Copilot offerings.

Learning language: English learning platform ELSA lands $22.5 million in Series C funding and launches an AI Tutor feature. Read on.

I SQream, you SQream: Israeli startup SQream raises $45 million to expand its GPU-based big data analytics platform. See why investors like it.

More for your Tuesday:

E-bike subscription service Dance reaches 10,000 active subscribers

Enfabrica, which builds networking hardware to drive AI workloads, raises $125M

Klaviyo could be the rare startup to defend a late-stage 2021 valuation (TC+)

Institutional crypto adoption in Asia is growing as the US market remains a question mark (TC+)

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Image Credits: Mighty Buildings

TC Opinion: Will batteries usher in a new era of global energy sovereignty?

The ongoing transition from fossil fuels can’t come fast enough, but since we can’t build EVs without batteries, developing nations and superpowers alike are moving to protect and secure natural resources like lithium.

“Will electrical energy, and in particular, stored energy in batteries, be subject to the same global economic and geopolitical forces that shaped fossil fuels?” asks Dr. Nadim Maluf, co-founder and CEO at Qnovo.

If you’d like to submit an opinion column to TechCrunch, please read our new editorial guidelines.

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TC Opinion: Will batteries usher in a new era of global energy sovereignty? image

Image Credits: Lucas Aguayo Araos/Anadolu Agency / Getty Images

Here's how we raised a Series B for our AI startup during a downturn

“For founders trying to raise a Series B for their AI startups in the next six to 12 months, a more challenging fundraising environment likely awaits,” says Isaac Madan, CEO and co-founder of Nightfall AI.

Last August, his cloud data loss prevention services startup raised a $40 million Series B round when many CEOs were desperately searching for ways to extend their runway.

In a post for TC+, he outlined strategies his team used to find follow-on funding “when AI is everywhere.”

Going well beyond basic best practices, this post includes a list of questions investors are likely to ask, along with detailed advice on go-to-market strategy.

“It's no secret that AI is the darling of the VC world right now,” says Madan, “but the winds of change are swift.”

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Here's how we raised a Series B for our AI startup during a downturn image

Image Credits: tomertu / Getty Images

On the pods

This week's episode of Found focuses on Jaleh Bisharat, the co-founder and CEO of NakedPoppy, an e-commerce site that helps users find the makeup shades best suited to them and offers a marketplace of clean beauty products.

Bisharat talked about her personal journey toward launching the company after a long career working in marketing for companies such as Amazon and Eventbrite. She also talked about the benefits of launching a company when you are a little older and what it has been like building a company in a space where public perception has changed so much in five years.

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Image Credits: Bryce Durbin

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[Last Call] TC Disrupt price hike strikes this Friday

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Monday, September 11, 2023

DNS misconfiguration took down Square, company finds 'no evidence' of cyberattack

TechCrunch Newsletter
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By Christine Hall

Monday, September 11, 2023

In today's top story, now that Square is, well, square, it's time to take a look at just what happened to cause the outage last week. Get the scoop.

Next, KKR is doubling down on its investment into Reliance Retail, which bagged another $250 million in funding on a valuation of $100 billion. Find out where Reliance plans to use all that green.

And the European Union's regulatory framework is on full display in a new WhatsApp cross-platform messaging feature. Get a sneak peek.

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Image Credits: Gearstd / Getty Images

More top reads

Find your way: Open Cosmos, a U.K. satellite startup focused on sustainability, raises $50 million so that satellites can share data with each other. Read more.

Get your Googliness on: Google has a new initiative aimed at supporting researchers and public policy solutions around AI with the debut of the Digital Futures Project. Learn more.

Security!: 0xPass raises $1.8 million from Balaji Srinivasan and others to build secure login systems for web3. Because crypto wallets won't secure themselves.

You can't take it with you: Common Trust grabs $2.6 million to give business owners employee-focused succession plans. Pass it on.

Direct listing: India plans to explore the London Stock Exchange for listing local firms. Ring-a-ding-ding.

One molecule at a time: That's Scala Biodesign's plan to more easily re-engineer proteins. And venture capitalists are here for it.

Seeing green: India's Kale Logistics raises $30 million in global expansion push. Read more.

Catching up to ChatGPT: AI app Character.ai is narrowing its gap on ChaptGPT in terms of monthly U.S. users. See where it stands.

Look up: Techstars selects 12 companies for its fall space accelerator. Like it was written in the stars.

This week in AI: The generative AI boom drives demand for custom chips. And other stories.

Apple Event 2023: This event starts tomorrow, so get your watch party ready. Also, here's what to expect and a look at how the shift to USB-C will affect the iPhone 15.

Weekend warriors you might have missed:

A program so nice, these founders did YC twice (TC+)

LexisNexis is embracing generative AI to ease legal writing and research (TC+)

New California law would force firms to report diversity metrics (TC+)

More top reads image

Image Credits: Open Cosmos

TC Opinion: Fintech faces its reckoning: It's only a matter of time until the house of cards collapses

“Over the past two years, central banks have hiked interest rates from their COVID-era lows to the highest levels for a generation. And now the business models that won consumers' affection look increasingly tenuous,” writes Navan EVP and GM of Expense Michael Sindicich.

“It's only a matter of time until the house of cards collapses.”

If you’d like to submit an opinion column to TechCrunch, please read our new editorial guidelines.

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TC Opinion: Fintech faces its reckoning: It's only a matter of time until the house of cards collapses image

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Instacart's IPO price range puts it close to decacorn status

After parsing Instacart’s S-1 filing, Alex Wilhelm estimates that the delivery platform will reach “a fully diluted market cap potential of between $8.6 billion and $9.3 billion” after its upcoming IPO.

“What we care more about is how rich — or not — its new valuation is compared to its recent financial performance,” he writes.

“Recall that in the wake of the pandemic bump to services like grocery delivery, Instacart managed to hold on to all its earned scale and has become comfortably profitable to boot.”

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Instacart's IPO price range puts it close to decacorn status image

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On the pods

Equity is kicking off the week with another look at the stock market and upcoming earnings. We then dove deep into Klaviyo and Instacart’s IPO price ranges, as well as Coinbase and India, shared satellites, and why the Apple event matters for startups.

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