TechCrunch Industry News

Battery Ventures just closed on a whopping $2 billion across two funds, two years after its last fundraise Battery Ventures, the now 37-year-old investment firm, just closed on two new funds that — at $2 billion in capital commitments — nearly double the record-breaking $1.2 billion that the firm closed on exactly two years ago. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Netflix is looking to get young adults hooked on its service by making its popular teenage rom-com, “To All the Boys I’ve Loved Before,” available to stream for free to everyone in the U.S., including non-subscribers. This isn’t the first time Netflix has offered free streaming — it teased Brits last year by offering an episode of “The Crown” for free, and has run similar tests in markets like Ind...

Samsung did a surprisingly good job keeping the Galaxy Fold under wraps, surprising the world with its first foldable this time last year during the Galaxy S10 unveil. When it came to the Galaxy Z Flip, on the other hand, the company just went ahead and showed the whole thing off during an Oscar ad buy. (Not to mention numerous Samsung employees playing around with the handsets in their seats this...

Vanessa Bain (pictured above), a well-known gig worker-activist, has teamed up with fellow gig worker-activist Sarah Clarke (pseudonym) to form the Gig Workers Collective. It’s early days for the organization, which is a pending 501(c)(3) organization, but its ambitions are big. “We want to be the first responders that, whenever gig workers find out there is a pay cut or some type of issue, they’l...

There’s this brilliant feeling on Fridays if you’re a reporter when you think that all the things you have to write about are complete. You kickstart some work for Monday. Maybe you tighten up a to-do list. Hell, you might even read some email. But then on Fridays like today, something eye-catching happens and the Great Content Gods demand written sacrifice and here we are. Learn more about your a...

The Galaxy Fold felt like an omen for a burgeoning category. The fascinating and promising product was plagued by broken review units that forced Samsung to go back to the drawing board with a reinforced model. But even that version ultimately ran into issues, as I can personally attest. No doubt other companies readying their own devices took the opportunity to reconsider their strategy. Learn mo...

Instagram may finally let IGTV video makers earn money 18 months after launching the longer-form content hub. Instagram confirms to TechCrunch that it has internally prototyped an Instagram Partner Program that would let creators earn money by showing advertisements along with their videos. By giving creators a sustainable and hands-off way to generate earnings from IGTV, they might be inspired to...

Forescout, the network security company that has been publicly traded since 2017, announced today it was going private again. Private equity firms Advent International and Crosspoint Capital are acquiring the company in an all-cash purchase of $1.9 billion. The two private equity firms will pay $33 per share, which represented a premium of 30% over the company’s closing price of $25.45 on October...

An algorithmic risk scoring system deployed by the Dutch state to try to predict the likelihood that social security claimants will commit benefits or tax fraud breaches human rights law, a court in the Netherlands has ruled. The Dutch government’s System Risk Indication (SyRI) legislation uses a non-disclosed algorithmic risk model to profile citizens and has been exclusively targeted at neighbor...

Shares of American electric car company Tesla are sharply higher again this morning, adding $122.40 (or 15.69 percent ) to their value before regular trading today. The gains come after Tesla has rapidly added value in recent days, including a nearly 20 percent gain yesterday during regular trading; shares of the company were worth around $560 a week ago. Today they are valued at around $900. Lear...

Rocket Lab is proceeding as planned with its efforts to recover and reuse spent rocket boosters from its Electron launch vehicle, and has completed its first prototype parachute for use in the recovery process. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today after the bell, Alphabet reported its fourth-quarter and full-year financial results. The company’s revenue grew from $39.3 billion in 2018 to $46.1 billion in 2019. The firm’s net income also expanded from $8.9 billion to $10.7 billion over the same time frame. The figures, when compared to expectations, were mixed. Alphabet beat analyst estimates on profit, but missed on revenue. Shares of...

Truecaller, one of the world’s largest caller-identification service providers, has amassed 200 million monthly active users and is increasingly proving that it can turn a profit, it said Tuesday. The Swedish company has doubled its user base since February of last year, when it had about 100 million monthly active users. The firm took nine years to reach its first 100 million users, but just one...

NASA has awarded Maxar an estimated $142 million contract to demonstrate in-orbit spacecraft refueling and assembly of new components using a custom robotic platform in space. The space infrastructure dexterous robot, or SPIDER, program will be part of NASA’s Restore-L mission to demonstrate automation of proposed orbital tasks like reconfiguring or repairing a satellite or manufacturing new compo...

The millennial obsession with wellness and self-care has led to a booming business for meditation apps. In the first quarter of 2018, app intelligence firm Sensor Tower had reported the top 10 “self-care” apps had pulled in some $27 million in revenue. Fast-forward to the end of 2019, and the numbers have gotten much higher. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gabi, a startup built to help consumers save money on home and auto insurance, announced today that it has closed a $27 million Series B. The company intends on using its new capital to rapidly expand its team and invest in its product. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Flexibits, the company behind popular calendar app Fantastical, is releasing Fantastical 3.0 on all platforms today — macOS, iOS, iPadOS and watchOS. New features include event proposals, interesting calendars, new calendar views and weather forecasts. I’ve been using the app on my Mac, iPhone and iPad for a week. The main difference with Fantastical 2 is that the app is now exactly the same acros...

Today after the bell, Apple reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion. At the same time, the company’s per-share profit of $4.99 was greater than the market-anticipated figure of $4.54 per share. In immediate trading following the news, Apple’s stock is up several points. Learn more about y...

Apple’s increasing focus on its services business seems to be paying off, with the company reporting a record $12.7 billion in services net sales during the first quarter of its fiscal year — a year-over-year increase of roughly 17%. Services includes existing offerings like iCloud and Apple Music, as well as a number of new subscriptions that Apple has launched in the past year, such as Apple Arc...

In nearly a decade of attending Sundance, I’ve never seen a scene like the premiere of the documentary Miss Americana, detailing the last year and a half or so of Taylor Swift’s life. The crowd before letting into the theater was huge, blistering with rumors about whether or not there was so many guests and press that there wouldn’t be room for ticketed attendees and whispers about which door Swif...

This morning Mural, a software startup focused on visual collaboration1, announced that it closed a $23 million Series A round of capital. The funds come after MURAL, formerly Mural.ly, had raised just a few million dollars previously. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Two years after Vine’s co-founder Dom Hofmann announced he was building a successor to the short-form video app, today Byte makes its debut on iOS and Android. Byte lets you shoot or upload and then share six-second videos. It comes equipped with standard social features like a feed, Explore page, notifications, and profiles. For now, though Byte lacks the remixability, augmented reality filters,...

Samsung, which once led the smartphone market in India, slid to the third position in the quarter that ended in December even as the South Korean giant continues to make major betson the rare handset market that is still growing. According to research firm Counterpoint, Chinese firm Vivo surpassed Samsung to become the second biggest smartphone vendor in India in Q4 2019. Xiaomi, with command over...

Time is supposed to make technology better. The idea is simple: With more time, humans make newer, better technology and our lives improve. Except for when the opposite happens. Google is a good example of this. I’ve been harping on the matter for a while now. Google mobile search, in case you haven’t used it lately, is bad. It often returns bloated garbage that looks like a cross between new Yaho...

U.S. mobile app subscription revenue jumped 21% in 2019 to $4.6B across the top 100 apps Outside of in-app purchases in mobile games, subscription revenue from non-game apps helped to boost 2019’s mobile consumer spend — a figure that reached $120 billion globally last year, according to a recent report by App Annie. Now, new data from app intelligence firm Sensor Tower indicates U.S. subscription...