Author: TechBrunch
After a decade, it's no surprise that home lifestyle brand Parachute is still standing as the D2C boom comes to an end. Founded in 2012 by Ariel Kay, Parachute has built a loyal customer base with its high-quality bedding, towels, and robes. The company has now expanded into various categories, including furniture and baby products, and has opened 26 retail stores around the world. Naturally, TechCrunch wanted to know what it's been like managing the DTC boom of the past few years, so we asked Kay to appear on our podcast Found to talk about it. When she first started…
In recent years, Nvidia, by far the largest AI chip maker, has ramped up its investment in startups that push the company deeper into the AI space. Nvidia's startup investments will increase 280% year over year from 2022 to 2023, and the company and its VC arm, Nvidia Ventures, made about 46 deals last year, according to S&P Global and funding and investment database Crunchbase. participated in. That's not all. His Nvidia's main rivals in the AI chip space, AMD, Arm, and Intel, are also actively investing in startups, looking to establish themselves in the market, including in particular the…
Reddit filed for an S-1 last week and plans to take the bold step of becoming its first venture-backed public offering in 2024. If successful, Reddit has the power to open the IPO window for other late-stage startups anxiously waiting in the market. Wings. But to have any chance of triggering a withdrawal trend, one thing needs to be right. That's the valuation. Investors who buy in an IPO want their investment to rise, and Reddit needs to price in a sweet spot where the stock is not undervalued and has room to rise. If Reddit's price is too high…
Mac and iOS software developer MacPaw has become one of the first companies in the EU to publicly adopt Apple's new DMA (Digital Markets Act) rules, making Setapp, a subscription-based platform for select apps, available on iOS. and to Apple customers on Mac. region. The move is notable given that Apple has faced backlash in the past regarding its compliance with new EU regulations. A number of companies, including Spotify, Fortnite maker Epic Games, Microsoft, Mozilla, Proton, and others, announced Apple's new system in “bad faith,” calling it “extortion” and “malicious compliance.” At issue is how Apple plans to impose…
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. Get a roundup of TechCrunch's biggest and most important crypto articles delivered to your inbox every Thursday at 12pm PT. Subscribe here. Hello. Welcome to the TechCrunch Crypto Newsletter. Last week I was away so there was no newsletter, but I'm back with regularly scheduled news and some fresh regular corners and features. If you like what you see (or don't), let me know at jacquelyn@. techcrunch.com. Here's this week's biggest news: Bitcoin price soars above $60,000, Coinbase app crashes, Telegram rolls out plan to pay rewards using TON coins on…
The TechCrunch team is in Barcelona this week to bring you all the action going on at Mobile World Congress 2024. You already know what we’re expecting, so sit back, relax and stay tuned throughout the week as we bring you the products, announcements and startup news from MWC that you need to know. So far, we’ve seen some big announcements from companies, including new Android features from Google, Lenovo’s new laptop concept and rollable phone concept and Xiaomi’s robotic dog. As MWC progresses, here’s how you can follow along with our team’s coverage. Thursday, February 29 Brain.ai and the…
A U.S. government surveillance agency stole more than a gigabyte of seemingly sensitive personal data from the U.S. Department of the Interior's cloud systems. The good news: The data is fake and was part of a series of tests to see if the department's cloud infrastructure is secure. The experiment is detailed in a new report released last week by the Interior Department's Office of Inspector General (OIG). The purpose of the report was to test the security of the Home Office's cloud infrastructure and its “Data Loss Prevention Solution,” software that protects the Home Office's most sensitive data from…
You may not have a Copilot key on your PC keyboard yet, but if you're a Windows 11 user, you'll soon be able to use Copilot on your desktop for more everyday tasks. Starting today, Microsoft is adding skills and plugins for services such as OpenTable, Shopify, and Kayak that will allow Copilot to further modify Windows 11 settings. This is in addition to new AI editing integration into default apps like Clipchamp and Photos, as well as widgets (which no one is paying attention to, but Microsoft hasn't given up on yet) and the Windows Snap feature to help…
Spotify is rolling out a new feature called Song Psychic that allows customers to ask Spotify questions and get answers in the form of music. This addition builds on the success of Spotify's personalized year-end review called Wrapped, which provides a clever way to turn Spotify music data into insights designed for social sharing. But in the case of Song Psychic, the goal is not to look back at the past or listening history, but rather to leverage her Spotify understanding of music and song titles to answer various personal questions like asking a psychic or a magic 8 ball.…
EQ Tickets, a startup aimed at combining the online ticket-buying experience with social networking, has quietly emerged to make discovering shows and other live events a more social activity. Additionally, the company promises to offer ticket prices that are lower than some of its competitors operating similar secondary ticket markets. Additionally, EQ Tickets plans to take over competitors such as Eventbrite and expand into new major ticket marketplaces to generate revenue. Founded by brothers Aaron and Ryan Caradonna and hip-hop artist Matt Raposo (Rapta), the idea for EQ Tickets began with a personal interest in sports entertainment, Aaron explains. He…