Category Archives: Tech News

Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M (Financial Times)

Financial Times: Sources: BeReal is exploring adding paid features to avoid advertising; the app now [...]

17
Sep
US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies (Dustin Volz/Wall Street Journal)

Dustin Volz / Wall Street Journal: US DOJ forms the Digital Asset Coordinators Network with [...]

16
Sep
Sources: Adobe plans to acquire UI design and prototyping tool Figma, which could be announced as early as today; one source values the startup at $15B (Bloomberg)

Bloomberg: Sources: Adobe plans to acquire UI design and prototyping tool Figma, which could be [...]

15
Sep
In delayed audited financial statements, Byju's reports ~$305.6M revenue in FY2021 and a ~$577.4M loss, up from ~$32.9M in FY20, missing its own projections (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: In delayed audited financial statements, Byju’s reports ~$305.6M revenue in FY2021 [...]

14
Sep
Sensor Tower: Tencent earned $4.4B revenue from its apps in H1 2022, the highest globally; ByteDance was second with $1.3B, demonstrating China's market power (Ben Jiang/South China Morning Post)

Ben Jiang / South China Morning Post: Sensor Tower: Tencent earned $4.4B revenue from its [...]

13
Sep
North Carolina-based Diveplane, which helps create synthetic data to train AI systems and find anomalies, raised a $25M Series A led by Shield Capital (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: North Carolina-based Diveplane, which helps create synthetic data to train AI [...]

12
Sep
An overview of trends from YC's Demo Day for Summer 2022: enterprise made up the bulk at 39% of the 223 startups in the batch, followed by fintech and dev tools (Biz Carson/Protocol)

Biz Carson / Protocol: An overview of trends from YC’s Demo Day for Summer 2022: [...]

11
Sep
Pinduoduo's net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China's lockdowns (Jeanny Yu/Bloomberg)

Jeanny Yu / Bloomberg: Pinduoduo’s net income has more than tripled in Q2 2022 and [...]

10
Sep
India says its central bank will prepare a whitelist of legal loan apps and the IT ministry plans to ensure that only approved apps are hosted on app stores (TechCrunch)

TechCrunch: India says its central bank will prepare a whitelist of legal loan apps and [...]

09
Sep
London-based SteelEye, which offers SaaS tools to help financial institutions comply with regulations, raised a $21M Series B led by Ten Coves Capital (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch: London-based SteelEye, which offers SaaS tools to help financial institutions comply [...]

08
Sep