Browsing Category: Startups

  • Equinix is acquiring bare metal cloud provider Packet

    Equinix announced today that it is acquiring bare metal cloud provider Packet, the New York City startup that had raised over $36 million on a $100 million valuation, according to PitchBook data. Equinix has a set of data centers and co-location facilities around the world. Companies that may want to have more control over their …

    January 14, 2020 | by Raheel
  • Codagenix raises $20 million for a new flu vaccine and other therapies

    Codagenix, a company developing vaccines and viral therapies for illnesses ranging from the flu and respiratory viruses to dengue fever, has raised $20 million in a new round of financing. The company’s new investment round was led by Adjuvant Capital, with additional participation from Euclidean Capital and Topspin Partners . Codagenix will use the funds …

    January 14, 2020 | by Raheel
  • Oscar Health now has 400,000 members and expects to bring in $2 billion by the end of 2020

    Oscar Health, the upstart healthcare insurance company and technology developer, expects to have roughly 400,000 members insured under its healthcare plans, who collectively will bring in roughly $2 billion in revenue for the company by the end of 2020, according to slides of a presentation from the JP Morgan Healthcare conference seen by TechCrunch. Those …

    January 14, 2020 | by Raheel
  • Atrium lays off lawyers, explains pivot to legal tech

    Seventy-five-million-dollar-funded legal services startup Atrium doesn’t want to be the next company to implode as the tech industry tightens its belt and businesses chase margins instead of growth via unsustainable economics. That’s why Atrium is laying off most of its in-house lawyers. Now, Atrium will focus on its software for startups navigating fundraising, hiring and …

    January 13, 2020 | by Raheel
  • Grab ’em quick: More tickets released for 3rd Annual Winter Party at Galvanize

    You better move fast if you want to party with us and 1,000 of your closest startup entrepreneur and investor friends. We just released a fresh round of tickets to our 3rd Annual Winter Party at Galvanize in San Francisco on February 7. Tickets are limited, and they fly off the shelf faster than you …

    January 13, 2020 | by Raheel
  • Casper’s IPO could be a bellwether for unprofitable startups in the post-WeWork era

    Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re working to figure something out, namely the tradeoffs that D2C unicorn (and soon to be public company) Casper faces as it seeks to balance growth and profitability. And then we’re going to stack …

    January 13, 2020 | by Raheel
  • Equity Monday: Away’s CEO plans comeback while SaaS valuations rise and epiFI raises

    Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years don’t worry — we’re not changing the main show. (Here’s last week’s episode with Danny Crichton, which was a lot …

    January 13, 2020 | by Raheel
  • ToursByLocals snaps up its first funding, C$33M, to link sightseers with guides globally

    The tours and experiences market is projected to be worth $183 billion this year, and today a startup that has made inroads into the space through bootstrapping is announcing its first outside investment. ToursByLocals — which sources local guides in some 162 countries, then helps tourists search and book them for either individual or small …

    January 13, 2020 | by Raheel
  • Skyqraft, a startup using AI and drones for electricity power-line inspection, raises $505K

    Skyqraft, a Swedish startup using AI and drones for electricity power-line inspection, has picked up $505,000 in early backing. Leading the round is “startup generator” and investor Antler, with participation from a number of angels, including Claes Ekström and Tomas Kåberger. Founded in March 2019 and launched that September, Skyqraft provides what it calls “smart” …

    January 13, 2020 | by Raheel