Author: TechBrunch
Maju Kuruvilla is no longer the CEO of one-click checkout company Bolt. He will be replaced as interim CEO by Bolt's head of global sales, Justin Grooms, according to Grooms' LinkedIn profile. Kuruvilla didn't say much about the change, but confirmed it on both LinkedIn and X by simply posting, “Checkout with one click.” @bolt! Forward,” he wrote with a rocket emoji. (He declined to comment further.) Commenting on his LinkedIn post, Arjun Sethi, co-founder of venture firm Tribe Capital, said he and the executive were “great to work with.'' It was wonderful.” The Bolt board of directors voted to…
There are countless reasons why home robots have had little success since Roomba. Price, practicality, form factor, and mapping all contribute to failure after failure. Even if some or all of them are resolved, the question remains: what happens when the system makes the inevitable mistakes? This is also a source of friction at the industry level, but large companies have the resources to respond appropriately when problems arise. But you can't expect consumers to learn programming or hire someone to help them whenever a problem arises. Thankfully, this is an excellent example of the use of his LLM (Large-Scale…
Noisy recordings of interviews and speeches are the bane of any audio engineer's existence. But a German startup hopes to solve this problem with a unique technological approach that uses generative AI to improve the clarity of audio in videos. Today, AI-coustics has emerged from stealth with €1.9 million in funding. According to co-founder and CEO Fabian Seipel, AI-coustics' technology goes beyond standard noise suppression and works across and in conjunction with any device or speaker. “Our core mission is to make every digital interaction – whether it's a conference call, a consumer device, or a casual social media video…
Global Screening Services (GSS), a London-based regulatory compliance platform that helps financial institutions meet global sanctions obligations, has raised $47 million in a funding round. The increase comes amid a surge in economic sanctions, with the United States imposing trade restrictions and asset blockades on countries including Russia, China, and Iran. execution Tom Scampion, co-founder and CEO of GSS, previously served as head of financial crime for Deloitte's EMEA division, leaving the firm in 2020 to become general partner at consulting firm AlixPartner. It became. GSS was originally founded there and spun out as an independent entity in 2021. In…
initial round table Sponsored by: 9point8 Collective and OrrickTime: April 24th, 4pm to 6:30pmDescription: Join 9point8 Collective and Orrick for a roundtable focused on accelerating early-stage startups. Attendees will hear from serial entrepreneurs and investors about various aspects of startup success, including going to market, cap table management, growth and expansion, and exit management. Roundtables will be held in conjunction with the main panel, along with audience Q&A and group participation.Register here Founders Happy Hour with Vouch, Remofirst and SVB Sponsored by: Vouch, Remofirst, SVBTime: April 24th from 6pm to 9pmDescription: If you're in town to attend TechCrunch Early Stage…
Last week's Reddit and Astera Labs IPOs consumed a lot of media oxygen. And for good reason: the two tech IPOs were priced high and traded even more actively. The discovery of two major multibillion-dollar products in the same week is part of a long-awaited victory for private market technology companies after a long shortage of technology products. I breathed a sigh of relief. But last week, Trump Media and Technology Group, the company behind Truth Social, offered a different service from a technology perspective. You can read more about it here on TechCrunch, but the gist is that after…
The British government blamed China for a 2021 cyberattack that compromised the personal information of millions of British voters. British Deputy Prime Minister Oliver Dowden said in a statement to MPs in Parliament on Monday that the 2021 Electoral Commission data breach was the work of hackers working for the Chinese government. Mr Dowden told MPs that the UK government “will not hesitate to take swift and strong action when the Chinese government threatens our interests”. This is the first time the UK has revealed the cause of the breach since the cyberattack was first revealed in 2023. The Electoral…
Hello. Welcome to Equity, the startup business podcast. Uncover the numbers and nuances behind the headlines. This is a Monday show where we look back at the weekend and look back at what's coming up in the week ahead. We covered a lot of material on today's show. While stocks around the world are falling, cryptocurrencies have seen some gains recently and are looking pretty strong. The biggest news in his Startup Land this morning is his departure as CEO of Stability AI. The company's revenue growth and burn rate have been the subject of debate for some time, making…
Tinder owner Match Group has appointed two new members to its board of directors and signed a deal with Elliott Management, the company announced Monday. Laura Jones, Instacart's chief marketing officer, and Zillow co-founder Spencer Rascoff will join the company's board effective immediately. Mutch said in a press release that the changes were based on “constructive dialogue” with the activist investor, as the two companies have an “information-sharing” agreement in place. Today's announcement comes several months after the Wall Street Journal reported that Elliott had acquired an approximately $1 billion stake in the company. According to the report, Elliott was…
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