Author: TechBrunch
The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re tracking layoffs in the tech industry in 2025 so you can see the trajectory of the cutbacks and understand the impact on innovation across all types of companies. As businesses continue to embrace AI and automation, this tracker serves as a reminder of the human…
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Joseph Rutakanga spent eight years searching for tools to help businesses collect consumer insights data. Eventually, he decided to build them. Now called Rwazi, his startup has raised a $12 million Series A led by Bonfire Ventures, helping businesses with market intelligence and consumer insights. He founded the company in 2021 with co-founder Eric Swankambo. “Some traces of Canada and Australia, including the US, the UK and some Western Europe, were rich in consumer and market-level data. However, there was nothing available for use when it comes to international markets, including economic giants such as India, Brazil, Mexico, Japan, Turkey…
Doge staff with access to millions of American personal information held by the US government reportedly exposed the private API key used to interact with Elon Musk's Xai Chatbot. Independent security journalist Brian Krebs reports that Marco Erez, a special government employee who has worked on sensitive systems for the US Treasury, Social Security, and Homeland Security in recent months, recently published the code on his github, including his private key. Key granted access to dozens of models developed by Xai. Philip Kachuagli, founder of consulting firm Seraris, warned Erez of the leak earlier this week. Elez removed the key…
Today is that day! TechCrunch All Stage illuminates Boston's Sowa power plant at 7:30am ET Sharp. The stages are set, speakers are ready, and the startup community is gathering a strong day of insight, innovation and momentum. Are you ready to scale your startups faster and more efficiently in Boston? There is still time to drive innovation in founders and investors and build the next thing. Grab the path, jump into conversations that shape the future of startup growth, and create needle-moving connections. Don't miss the moment – secure your tickets at the heart of today's startup action. Image credit:…
Neighborhood Social App Nextdoor is launching a redesigned version of the service called “New Nextdoor.” The app adds local news, real-time alerts, and AI-powered features called “Faves” designed to discover local businesses and spots. Nextdoor also updated the overall design to make it look more modern. Released 15 years ago, Nextdoor has long served as a popular platform for neighborhood conversations. But ultimately, its growth stagnated and engagement decreased as the platform became associated with posts that contained misinformation and racism. Now, the company aims to turn things around and attract more users by making the platform more friendly, convenient…
Lee Linden, former founder Fund GP Briansingman and co-founder and managing partner of Quiet Capital Lee Linden, is seeking more than $500 million from a new fund called GPX. A significant portion of GPX's funds are as large as 50%, up to 50%, from Peter Thiel, co-founder of the founder fund. GPX uses two strategies: The company will invest approximately 20% of its capital in funds managed by emerging VCs targeting pre-seed and seed stage startups. The remaining capital will be directed towards partnering with emerging managers on major late investments in the breakout company (probably in Series B). This…
Matt Miller, a former partner at Sequoia, has already locked $355 million for his new VC company, Evantic. Last December, Miller announced his departure from Sequoia 12 years later. [his] A unique fund focused on the great founders of Europe. ” Despite the European focus, TechCrunch's understanding is that Evantic actually invests in both sides of the Atlantic, focusing on Series B and growth stage B2B companies. However, the activity will take place in London, where Miller moved from California in 2021. Before moving to the UK, Miller was already leading the Sequoia expansion into Europe, eventually joining Sequoia's European…
Meta announced on Monday that it would take additional steps to crack down on accounts that share “non-original” content on Facebook. This year, Meta has already removed around 10 million profiles that are pretending to be large content creators, it said. Additionally, they took action against 500,000 accounts who were engaged in “spam behavior and false involvement.” These actions include demoting account comments and reducing content distribution to prevent account monetization. The update from Meta follows just days after YouTube said it has clarified its policy on non-original content, including mass-produced, repeated videos. Like YouTube, Meta says that users who…
The huge episolus of medical billing has informed millions of people across the United States that their personal and health information had been stolen in a cyberattack earlier this year. According to a listing of the US Department of Health and Human Services, the violation has affected more than 5.4 million people, making it one of the biggest healthcare violations to date. Owned by Optum, a subsidiary of Health Insurance Giant UnitedHealth Group, Episource provides billing adjustments to doctors, hospitals, and other organizations working in the healthcare industry. That's why the company processes large amounts of patient personal and medical…