Author: TechBrunch
San Francisco-based data infrastructure startup Cribl has raised $319 million in Series E funding led by new investor GV (Alphabet's corporate venture arm), with participation from GIC, CapitalG, IVP, and CRV. Bringing Cribl's total funding to $600 million, the capital infusion values the company at $3.5 billion, an increase of roughly 40% from Cribl's Series D valuation in 2022. Cribble claims the investment is one of the largest in GV's 15-year history. As part of the deal, GV general partner Michael McBride will join Cribble's board of directors. Cribl's software helps analyze, collect, process and route IT and security data…
Airtel, India's second-largest telecommunications carrier, said it has entered into a “strategic” partnership with Apple to bundle its Apple TV+ and Apple Music services for premium customers in India. As part of this, Airtel said it would discontinue its Wynk Music streaming platform. Customers subscribing to Airtel's premium broadband and postpaid services will now get Apple TV+ and Apple Music services included in their plans, the Indian company said on Tuesday. “Wynk paying subscribers will get access to additional benefits,” Airtel said. The new changes are expected to be implemented later this year. “We're thrilled that Airtel customers in India…
GrubMarket, the $3.6 billion food delivery and supply chain startup backed by Tiger Global, BlackRock and about 100 other investors, has acquired another food delivery startup as it continues to consolidate.The company is acquiring FreshGoGo, a New York-based B2C platform that sells Asian groceries and ready-made meals. Terms of the deal were not disclosed, but it is understood to be a combination of cash and GrabMarket shares. GrabMarket said FreshGoGo has raised about $15 million from private investors. FreshGoGo founder Jianbing Duan will remain with the company and continue to run the business. The acquisition comes on the heels of…
Legal work is labor-intensive and time-consuming, requiring cases to be compiled from vast amounts of evidence. That's why some law firms are piloting AI to streamline certain procedures. According to a 2023 survey by the American Bar Association, 35% of law firms currently use AI tools in their work. OpenAI-backed Harvey is one of the big winners so far in the burgeoning AI legal tech space, along with startups like Leya and Klarity. But there's room for one more player, say Jerry Zhou and Kyle Lam, co-founders of Supio, an AI platform for personal injury law that emerged from stealth…
Planera, a construction technology startup that provides scheduling and planning software for commercial construction projects, has raised $13.5 million in a new funding round. General contractors typically use legacy software such as Oracle Primavera P6 to manage commercial construction projects. Although these solutions require technical knowledge and lack intuitive interfaces, contractors use them for advanced projects that involve multiple milestones and last several years. For smaller projects, general-purpose tools such as Microsoft Project may be chosen. However, these tools were not designed with the requirements of construction companies in mind. The San Jose-based startup combines the best of two worlds…
Companies don't necessarily need to create groundbreaking technology to gain traction in the marketplace. Simply being cheaper than your competitors can make a dent in a competitive industry. You can also rely on your connections to win over customers who need a timely solution to their problems. nOps is one example. Like countless other vendors, nOps sells software designed to “optimize” the budgets that companies allocate to cloud products and services. But the company has managed to grow faster and bigger than many of its rivals, in part because it serves only AWS customers. nOps claims that it has grown…
French authorities did not respond to requests for comment when Pavel Durov, founder and CEO of messaging app Telegram, was arrested on Aug. 24. Confidentiality of pre-trial investigations and interrogations is a key principle in the French justice system. French television station TF1 reported that the main issues were Telegram's (lack of) moderation process and its unwillingness to cooperate with law enforcement, particularly regarding drug trafficking, money laundering and child sexual abuse content (CSAM). But the Paris Criminal Court, which handled the investigation, probably did not expect the amount of attention and speculation it would garner. X's billionaire owner Elon…
Given India's linguistic diversity, digital content companies are already facing challenges in accurately displaying and translating content. Google also faced similar issues with its recently launched AI summary in India. The company introduced Hindi support for AI Overview in India in early August. Indian users can also switch between Hindi and English without leaving the search page. However, the feature is unfortunately inconsistent. One simple example is a selection of results from Google's blog: The GIF showed the answer to the question “Cheeni ki jagah chai mai kya daal sakte hai?”, which means “What is the substitute for sugar in…
Smart scheduling and calendar tool Clockwise is transforming its interface with Prism, an AI-powered assistant that can manage schedule conflicts, create or clear events in bulk, and turn to-do lists into calendar blocks with text prompts. Like rival YC-backed startups Vimcal and Reclaim, which was acquired by Dropbox this month, Clockwise is aimed at businesses and focuses on streamlining team schedules, but can also be used by individuals. The new AI assistant can convert typed instructions into calendar events. For example, when you type a query like “Create a link to schedule a meeting with Severian next week,” it will…
Many venture capital funds, especially those in more recent years, have been unable to return capital to investors. Swiss venture capital firm Redalpine is one exception, which the firm says is the main reason its newly announced $200 million seventh early-stage fund was oversubscribed. Redalpine Capital VII (RAC VII) is already on track to back 15-20 early-stage European companies and has made nine investments to date, including German nuclear start-up Proxima Fusion. “We closed our first round of funding and then we started putting money into it,” founding partner Michael Shidler told TechCrunch. The funding will also help the company…