Our news
-
Felix Capital’s Julien Codorniou to join 20VC as general partner
Just a few weeks after 20VC announced its third investment vehicle, TechCrunch has learned from multiple sources that the relatively new VC firm based in London is gaining a new general partner. Julien Codorniou is leaving Felix Capital, where he has been a founding advisor since 2015 and a partner since 2021, to join 20VC…
-
Aave protocol developer secures $31 million for Lens, a high-performance blockchain for social apps
Avara, the company behind Aave, Lens and Family, is announcing a $31 million funding round led by Lightspeed Faction. With Lens, Avara is building a decentralized protocol that could serve as the infrastructure for social and consumer apps. This funding announcement comes a few weeks after Lens unveiled a completely overhauled version of its protocol,…
-
WeTransfer’s free plan now has a monthly limit of 10 transfers
File transfer service WeTransfer is now limiting users to 10 transfers per month with its free plan. The company is already applying the new limit to users, as per a support page. At the same time, WeTransfer is adding some perks to the free plan, including increasing the overall file transfer limit from 2GB to…
-
Five years later… Netflix hit with Dutch data access fine
Five years later sounds like a half-baked sequel to a well-known zombie flick franchise. But it’s a reference to how long it’s taken a data access complaint against Netflix to deliver a penalty decision in the European Union. The fine that’s — finally — been issued under the bloc’s General Data Protection Regulation (GDPR) is…
-
AI is burying company web sites in search results, but Otterly.AI thinks it can help
Many sites saw their organic traffic decline in 2024, in big part due to the rise of AI-generated search results. Many queries no longer lead to click-throughs, and even when users click, it is hard for companies to get more context on searches made within apps like ChatGPT or Perplexity. The answer to this problem…
-
Threads is testing a post scheduling feature
Meta’s social network Threads is experimenting with a feature that will let you schedule posts, Instagram head Adam Mosseri said. Users who will get to test this feature won’t be able to schedule replies. “We want to balance giving people more control to plan their Threads posts while still encouraging real-time conversations,” he said. People…
-
‘It’s dumb to IPO this year’: Databricks CEO explains why he’s waiting to go public
Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were quick to ask what this means for the company’s highly anticipated IPO. During an event in San Francisco on Tuesday night, Databricks CEO Ali Ghodsi explained why he’s waiting until at least 2025…
-
India’s MobiKwik surges 82% in market debut
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains…
-
The DOJ wants a Perplexity executive to testify in its Google antitrust case
The US government is calling on a Perplexity executive to help make its case that Google is a monopolist. © 2024 TechCrunch. All rights reserved. For personal use only.
-
Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fund raising, one of the VCs told TechCrunch. © 2024 TechCrunch. All rights reserved. For personal use only.