Author: TechBrunch

Deal analysis firm Pitchbook today released a new report highlighting how a decline in exits is impacting the startup investment ecosystem. Among those discoveries? Beyond the generally known fact that most current financing is insider rounds and bridge financing aimed at corporate survival, cashbacks to limited partners (LPs) who provide funds to venture companies are The economy has slowed to the level of the global financial crisis 16 years ago. Meanwhile, the number of VCs and angel investors who invested in startups in the first quarter of this year fell to just 45.5% of investors who did deals in 2021,…

Accountants typically fear month-end or quarter-end financial results. This is because the final creation of financial records for a specific period is typically manual, error-prone, and time-consuming. In 2020, Parker Gilbert (pictured above, center), fed up with the tedium of managing finance and accounting at an early-stage startup, decided to co-found Numeric, an accounting software that automates certain parts of the closing process. I made it. process. A few years later, the introduction of genAI greatly enhanced Numeric's capabilities, and it is now used by accounting departments at companies like Brex, OpenAI, Plaid, and Wealthfront. Last year, Numeric's revenue quadrupled…

When Swsh launched last year, the social app was initially designed as a voting game (similar to the Most Likely To game) where users could answer five questions each day with their friends. However, the company has completely switched gears and entered a very crowded market: photo album sharing platforms. These types of apps have been around for about a decade, and there are newer competitors like Dispo, Lapse, and Sunshine. But Swsh believes it can stand out by offering Gen Z-focused features. The first distinctive feature is the ability to filter alcoholic beverages and solo cups, a useful tool…

TechCrunch Disrupt 2024 is just two weeks away. We want to make sure our students and alumni don't miss out on the full Attendee Pass experience. Currently, discounted rates are available with Student Pass. We know finances are tough for students and alumni, but don't miss your chance to connect with 10,000 tech professionals, startup founders, and venture capitalists at Disrupt 2024, October 28-30 at Moscone West. I don't want you to. In San Francisco. Get your student pass here before the price increases. Student pass contents Full access to Expo Hall In the lively Expo Hall, Disrupt attendees gather…

AI is sending out job applications in droves. 404 Media's Jason Kabler writes about how he used the free tool AI Hawk to apply to 17 jobs in one hour while working a restaurant shift, and stopped applying when he reached 2,843 jobs. Masu. The tool automatically fills in Mr. Koebler's biographical information, creates a resume, creates a customized cover letter, and provides all the necessary (and literal) information before submitting documents on his behalf. I checked the box. AI Hawk is one of many AI job application tools out there that contribute to a strange loop in which humans…

The Opera browser has new AI-powered features that let you take actions on tabs through natural language queries. Things you can do with these commands include grouping, pinning, bookmarking, closing tabs, and more. According to the company, users can launch the Aria command bar by pressing Ctrl + / or Cmd + / and enter requests such as “Group all video tabs” or “Bookmark all currently open tabs.” says it can be done. Opera noted that the browser handles all processing of these commands on the client side. This means no data is ever leaked from your device to make…

Banana did it. Brian O'Kelly, who recently sold his previous startup, advertising platform AppNexus, to AT&T for $1.6 billion, is teaching a lecture through MIT as part of a year-long course on supply chain management during the pandemic. I was watching. “I saw this slide in a lecture about the carbon footprint of bananas. It blew my mind.” At the time, Mr. O'Kelly was running a metals commodity trading platform he founded, focused on reducing carbon emissions from trading and transportation. “I wanted to do something in the real world, just like I wanted to have an impact in the…

Latest news: Tesla's “We, Robot” event has ended, but there's still plenty of new information. The CyberCab, which Tesla is touting as the future of self-driving transportation, is a two-seater that can be purchased for less than $30,000. Later, in a surprise reveal, CEO Elon Musk unveiled a large robot van that can transport up to 20 people. Anthony Levandowski, co-founder of Google's self-driving car program, also broadly supported Musk's vision in an interview after the event. Check out the full archive of events below. The 53 minutes of techno that preceded the actual event will be skipped. Or come…

As the demand for AI skyrockets, AI vendors are devoting more and more bandwidth to data security issues. Not only are they being forced to comply with new data privacy regulations (such as EU data law), they are also under scrutiny from clients who are skeptical about how their data is being used and processed. I realized that. The problem is that many organizations are not in a good position to enforce their data security practices around AI. According to a study by data management platform BigID, half of organizations cite data security as the biggest barrier to AI adoption.…

Fidelity Investments, one of the world's largest asset managers, confirmed that the personal information of 77,000 customers was compromised in an August data breach. The Boston, Massachusetts-based investment firm said in a filing Wednesday with the Maine Attorney General's Office that an anonymous third party “used two recently established customer accounts” between Aug. 17 and Aug. 19. ” and accessed information on the company's systems. “We detected this behavior on August 19th and immediately took steps to terminate access,” Fidelity said in a letter to those affected. It added that access was not included. Fidelity confirmed that a total of…