Author: TechBrunch
The expense management space is crowded, with deep-pocketed companies like Brex, Ramp, and Navan vying for market share. These companies typically focus on technology startups and large corporations. But Coast, a four-year-old competitor, is managing a different type of customer: the so-called “real world” field personnel of trucking companies, plumbers, HVAC providers, last-mile delivery companies, and more. We are pursuing companies that have vehicles that meet the needs of our customers. Founded by Daniel Simon in late 2020, Coast describes itself as a “modern financial services platform for the future of transportation.” The company has been compared to the likes…
The Browser Company, which makes the Arc browser, has raised $50 million in a round led by Pace Capital at a valuation of $550 million, TechCrunch has learned exclusively. Nasir Moeen, the company's head of storytelling, confirmed the investment to TechCrunch. “Now, more than ever, we continue to believe that a successor to the personal computer (PC) is imminent. And it starts in the browser. See you there,” Muen said in a statement. Founded in 2019, the company has raised a total of $1 in multiple rounds with notable investors including LinkedIn's Jeff Weiner, Medium's Ev Williams, Figma's Dylan Field,…
DoorDash is expanding its partnership with Alphabet's Wing to bring drone delivery pilots to the United States, the company announced Thursday. Select customers in Christiansburg, VA will be able to order eligible menu items at their local Wendy's. DoorDash first launched its drone delivery pilot program in Australia in 2022 and currently operates drone deliveries with more than 60 merchants. DoorDash users near the Wendy's at 2355 N. Franklin Street will see a new delivery option on their checkout page. Once you select the drone option, your order will be prepared and delivered by a Wing drone within 30 minutes.…
The U.S. Department of Transportation announced the first industry-wide review of data security and privacy policies across the nation's largest airlines. The DOT said in a Thursday press release that the review will examine whether major U.S. airlines are adequately protecting customers' personal information and whether the airlines are “improperly or deceptively monetizing that data or He said he would investigate whether the information was shared with other people. The letter to airline executives includes information on how airlines collect and handle passenger personal information, how they monetize customer data through targeted advertising, and which employees and contractors they use…
A new app from a startup called Cherry aims to transform the online shopping experience with an AI assistant that allows users to discover products on the internet using just screenshots and images. Cherry helps you find products you've come across while scrolling through social media or have seen in person. The startup was founded by Ryan Kim, a software engineer with 20 years of experience in the e-commerce ecosystem. Before founding the company, Kim helped build approximately 30 online stores for startups and large corporations. “The motivation for creating Cherry stemmed from personal frustration with the time-consuming process of…
Redis, a popular in-memory data store, is transitioning from an open source 3-clause BSD license. Instead, in a move clearly aimed at discouraging major cloud providers from offering free alternatives to Redis' own hosted service, Redis is using the Redis Source Available License (RSALv2) and server-side public You will be dual licensed under the license (SSPLv1). . Under this new license, cloud service providers hosting Redis will be required to enter into commercial agreements with Redis. The first company to do this was Microsoft. Additionally, Redis today announced that it has acquired storage engine Speedb (pronounced “speed-bee”) to enable its…
Cryptocurrency exchange OKX announced in an email to customers on Thursday that it has suspended services for users in India and advised them to withdraw their funds by the end of April. The move comes after Apple and Google pulled OKX's namesake app from the country after an Indian government agency said a number of crypto exchanges were operating illegally in the South Asian market. It is something. The government agency Financial Intelligence Bureau named Binance, Kraken, Huobi and Gate.io as apps operating “illegally” in India, but did not name OKX in an official statement. OKX has advised Indian customers…
Europe's resilience and long-term outlook in the face of a global investment slowdown may explain why LPs have recently favored transatlantic VC firms. In January, Giant Ventures closed two new funds totaling $250 million that invest in startups on both sides of the Atlantic, and today TechCrunch reported that Frontline Ventures has also closed on two new funds, named Frontline Growth and Frontline Seed. We have exclusively learned that it has raised $200 million. Frontline has previously invested in both Europe and North America, and its new fund will continue to follow that strategy, betting on B2B software companies. The…
Silence wants to shake things up when it comes to investing in climate change technology. This new angel-style VC firm has already raised $35 million and plans to make dozens of small investments in climate-related startups to help tech startups apply their strategies. The Silence team is led by Borja Moreno de los Rios, who acts as the sole general partner of Silence's original fund. Before starting Silence, he was a venture partner at FJ Labs. He also founded Merlin, a U.S. hourly job marketplace. At Silence, Borja hopes to apply his experience to climate change investing. He surrounds himself…
Sameer Brij Verma, a prominent investor in Indian venture firm Nexus, has confirmed to TechCrunch that he will be leaving the fund later this year. Mr. Verma plans to launch his own venture, and his first fund is expected to be worth at least $150 million, according to people familiar with the matter. The move comes as a surprise to the industry, as Verma is the most prominent face and most active dealmaker at Nexus Venture Partners, one of the country's leading venture firms, according to industry peers. It is said that He has led or co-led some of Nexus'…