Author: TechBrunch
A vulnerability in the smart access control system used in thousands of rental homes in the United States could allow anyone to remotely control any lock in an affected home. However, Chirp Systems, the company that manufactures this system, has ignored requests to fix this flaw. U.S. cybersecurity agency CISA said last week that a phone app developed by Chirp, which residents use in place of keys to access their homes, was “unauthorized'' with hard-coded credentials that could be used to control any of Chirp's remote controls. A security advisory was issued stating that the data is being stored properly.…
Pomelo, a startup that combines international money transfers and credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has learned exclusively. Additionally, the company announced a $75 million expansion of its warehouse facilities. Founders Fund and A* Capital also participated in the financing, along with early investors Afore Capital and others. This transaction brings total funding raised to date to $55 million in equity and $125 million for warehouse facilities. TechCrunch highlighted $20 million in seed funding in 2022 led by Pomelo's Founders Fund. The new backer, Vy Capital, is a…
Last week, TechCrunch broke the news that workforce management software company Ripling was closing on a new $200 million funding round led by Coatue at a hefty $13.4 billion valuation. The round also includes another $670 million secondary element aimed at giving some of Rippling's investors a greater stake in the company, while Rippling The company also reported that its employees, some of whom joined the company when it was founded in 2016, have liquidated some of their stock into cash. . Rippling declined to comment at the time, but founder Parker Conrad confirmed our information in an interview Friday…
Last week, TechCrunch broke the news that workforce management software company Ripling was closing on a new $200 million funding round led by Coatue at a hefty $13.4 billion valuation. The round also includes another $670 million secondary element aimed at giving some of Rippling's investors a greater stake in the company, while Rippling The company also reported that its employees, some of whom joined the company when it was founded in 2016, have liquidated some of their stock into cash. . Rippling declined to comment at the time, but founder Parker Conrad confirmed our information in an interview Friday…
Many products benefit from tight integration, where companies design and sometimes build key components of the product in-house. Apple and its custom microprocessor and Tesla and its Supercharger are two notable examples. It's not an easy strategy to get right, but stealth startup General Galactic hopes this approach will lower the price of so-called e-fuels, which produce hydrocarbons from captured carbon dioxide. , the company exclusively told TechCrunch. The company grew out of co-founder and CEO Halen Mattison's SpaceX days. “I was working on a team focused on propellant generation for Starship. I started thinking, 'What are we going to…
Parenting a young child diagnosed with or suspected of having ADHD can be difficult. Some children with this condition may have difficulty completing school work or may become easily irritated and have tantrums. Parents who seek professional help may be shocked to learn that due to a national shortage of psychologists, it can take up to a year to receive a diagnosis and begin seeing a therapist. is common. And that's not even mentioning the high cost of out-of-network treatment, which can cost up to several thousand dollars a year. Clarity Pediatrics, a chronic care startup founded in 2021, cuts…
After a turbulent year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, the companies said. The transaction is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money transfer platform backed by SoftBank in a private funding round in 2022. It's not clear how much venture capital has been raised. San Francisco-based Synapse operates a platform that enables banks and fintech companies to develop financial services, and was founded in 2014 by Brian Keltner and Indian-born CEO Sankaet Pathak. Established in . In 2019, TechCrunch reported…
Get ready to set the tech world on fire with your passion and expertise! TechCrunch Disrupt 2024 is set to set San Francisco on fire from October 28th to 30th. We're looking for dynamic speakers like you to liven up our events with your insights. Do not miss it. Entries close Friday, April 26th at 11:59pm PT. Here's your roadmap to becoming a speaker at TechCrunch Disrupt. Are you a pioneering startup founder, an insightful venture capitalist, or an industry celebrity? We want to hear from you. Inspire your fellow founders, innovators, and entrepreneurs by sharing your expertise across the…
It's going to be a great week! Tech revenues are rising, the EV wars are on (and oh my!), and venture capital feels like it's on cloud nine. All of this adds up to one packed stock episode. Today, we delve into the latest market news, including upcoming financial results, IPOs, and the impact (if any) of Bitcoin's halving will have on the value of cryptocurrencies. We also had to discuss two new venture capital funds. Seraphim's new vehicle focused on space and TLcom Capital's new fund focused on Africa. From there, we talked about EVs and how recent price…
Mobile phone cameras have come a long way, making image processing increasingly important and allowing fine-grained control to allow users to adjust the image. Despite this, many people still prefer old-fashioned photography styles and techniques. Developer Alex Fox wanted to focus on that nostalgia when building the Mood.camera app. The iPhone app allows you to switch between different retro filters when taking photos. You can also adjust the tone and sound quality using the dial. From the main screen, you can easily switch between various lenses and adjust exposure. All of this seems familiar, but what you don't get is…