Mozilla acquires Active Replica to build on its metaverse vision

An automated status updater for Slack isn’t the only thing Mozilla acquired this week. On Wednesday, the company announced that it snatched up Active Replica, a Vancouver-based startup developing a “web-based metaverse.” According to Mozilla SVP Imo Udom, Active Replica will suppo

This secondary markets expert says we haven’t hit bottom yet

Earlier today, we talked with Phil Haslett, the co-founder and now chief strategy officer of EquityZen, a 10-year-old, New York-based secondary marketplace that connects accredited buyers with privately held company shares that their owners — including founders, employees and VCs — are

Daily Crunch: SBF says he’s ‘had a bad month,’ but is he really giving us the full story?

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. There is officially only 8.3% left of the year. You know what that means! Holidays, cheer, and daydreaming about what shenanigans we'll get ourselves into in

BloomTech, previously Lambda School, cuts half of staff

A little over a year after buzzy coding bootcamp Lambda School rebranded as Bloom Institute of Technology, the venture-backed startup is conducting massive layoffs, according to sources. The workforce reduction, per people familiar with the matter, has impacted half of the company’s staff acr

A tool for analyzing face-to-face sales pitches lands funding from UiPath co-founder

So much software is dedicated to helping businesses improve interactions online, whether it be aimed at sales, marketing or customer service. But despite the prevalence of the internet and an increase in digital commerce, the fact remains that over 85% of commerce still happens offline in the Unite

X1 gets 50% valuation boost, aims to give consumers a way to buy stocks via credit card reward points

X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding.  This round caught our attention for a few reasons. For one, a consumer fintech raising in this environment is a bit counter to the narrative that star

5 methods for leveraging digital advertising during a downturn

For those on the sidelines, the story of digital advertising over the past couple of years has been as entertaining as a binge-worthy TV series. Apple's App Tracking Transparency (ATT) policy kicked things off in spring of 2021, and the plot only thickened with rising inflation, a likely recess

On-demand car rental company Kyte is now offering car subscriptions

Car rental delivery startup Kyte said it’s on a mission to disrupt the auto industry by making people think twice about buying a car. Starting Thursday, Kyte will now offer a car subscription service, following what the startup says was a successful subscription pilot with Teslas. The three-,

Shield, a communication compliance platform for financial institutions, raises $20M

Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. In addition, the SEC is now probing p

Smartphone re-commerce startup Badili raises $2.1M pre-seed funding

Badili, a Kenya-based smartphone re-commerce startup, has raised $2.1 million in pre-seed funding to scale its operations within Africa, one of the fastest-growing mobile phone markets in the world. Venture Catalysts, V&R Africa, Grenfell holdings and SOSV participated in the round, as did fami

Indian agritech DeHaat tops $700 million valuation in $60 million funding

DeHaat, a startup that offers a wide range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. Sofina Ventures and Temasek co-led the Patna and Gurgaon-h

Daily Crunch: Music fans revisit their year in music with Spotify Wrapped 2022

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Heeeeeey! Couple of fun things we have in the pipeline at the moment… Did you know we're looking for you and your expertise for our TechCru

StartupOS launches what it hopes will be the operating system for early-stage startups

Running a startup can be a chaotic time; a million things need to be built, done, tracked, analyzed, considered, reported and validated. Keeping an overview of it all can be hard, and there’s always a threat of something (maybe something important?!) slipping through the cracks. StartupOS tod

Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener

The built environment is responsible for nearly 40% of carbon emissions worldwide, according to the International Energy Agency. While a portion of that is from the energy and materials required to construct buildings, the lion's share — nearly 90% on an annual basis — comes from their use.