Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The investor accused Breslow of adding $30 million to Bolt’s balance sheet in the form of personal debt and removing board members when they urged Breslow to repay it. Activant
Month: May 2024
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday. The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy Synapse into a liquidation Chapter 7, according to court documents. The trustee wrote that the need
Strava on Thursday announced a slew of new features and updates at its annual Camp Strava event, as the San Francisco-headquartered company doubles down on efforts to make its social fitness app stickier both for free and premium subscribers — with artificial intelligence (AI) playing a central role. One of the perennial complaints emanating from the
X is rolling out a revamped version of its Communities feature, which lets users network around topics of interest, each with its own dedicated space and timeline. The company on Thursday announced a number of changes to Communities, including improved discovery tools, recommendations, search, and sorting options, with other updates on the way. The broader
A hacker claims to be selling user records associated with Indian online brokerage firm Samco Securities, one of the widely used platforms offering discount broking trading accounts for the country’s stock exchanges. The pseudonymous hacker listed the data allegedly breached from Samco on a known cybercrime forum, which they are selling for an undisclosed amount.
Sony Music Group has sent letters to more than 700 tech companies and music streaming services to warn them not to use its music to train AI without explicit permission. The letter, which was obtained by TechCrunch, says Sony Music has “reason to believe” that the recipients of the letter have “may already have made
TechCrunch Disrupt has always been the ultimate convergence point for all things startup and tech. In the bustling world of innovation, it serves as the “big top” tent, where entrepreneurs, tech enthusiasts, and industry leaders gather to witness the unveiling of groundbreaking technologies, engage in thought-provoking discussions, and forge invaluable connections. As we gear up
Wind is the largest source of renewable energy in the U.S., according to the U.S. Energy Information Administration, but wind farms come with an environmental cost as wind turbines can wreak havoc on bird populations. Meet Spoor, the startup using AI to help wind farms mitigate that risk. Spoor is a software that uses machine
Reddit announced on Wednesday that it is reintroducing its awards system after shutting down the program last year. The company said that most of the mechanisms related to awards will remain the same, with some new additions. For instance, there’s a new design for awards, a new award button under eligible posts, and a leaderboard
Poshmark, the social commerce site that lets people buy and sell new and used items to each other, launched a paid marketing tool on Thursday, giving sellers the ability to promote their entire shop at once. Poshmark’s new feature, called “Promoted Closet,” uses machine learning to automatically promote individual product listings from a seller’s entire
Flock Safety is a multi-billion dollar startup that’s got eyes everywhere. As of Wednesday, with the company’s new Solar Condor cameras, those eyes are solar-powered and using wireless 5G networks to make them all that much easier to install. Adding solar power to the mix means that the company’s mission to blanket the country with
The key to taking on legacy players in the financial technology industry may be to go where they have not gone before. That’s what Chicago-based Aeropay is doing. The provider of pay-by-bank solutions for businesses started out helping cannabis retailers and gaming companies with their payments and is now entering into Visa and Mastercard’s territory
Spencer Gore has a battery startup. But he doesn’t want his batteries to end up in electric vehicles, at least not yet. “There are a lot of interesting downmarket segments of automotive that are underserved today that are faster to get into than, say, the traction battery in EVs,” he told TechCrunch. Take the traditional
At its Google I/O 2024 developer conference on Wednesday, Google announced Private Space, a new Android feature that lets users silo a portion of the operating system for sensitive information. It’s a bit like Incognito mode for the mobile operating system, sectioning designated apps into a “container.” The space is available from the launcher and
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