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After decades of global expansion and consolidation in the tech sector, antitrust is now a headline issue for the industry across the world. What has been a slow and sputtering series of disparate actions over the past decade has coalesced in just the past few weeks into a rapid and comprehensive s

DNA testing technology company 23andMe has raised just shy of $82.5 million in new funding, from an offering of $85 million in total equity shares, according to a new SEC filing. The funding, confirmed by the Wall Street Journal, comes from investors including Sequoia Capital and NewView Capital. I

CommonGround, a startup developing technology for what its founders describe as “4D collaboration,” is announcing that it has raised $19 million in funding. This isn’t the first time Amir Bassan-Eskenazi and Ran Oz have launched a startup together — they also founded video netwo

The space economy in the last few years has been in large part driven by the increasing cadence and reliability of launch services, and while that market will continue to grow, the new economy enabled by those launches is only just beginning to take off. If you thought the launch boom was big, just

Madrona Venture Group has been a mainstay of the Seattle and northwest United States startup ecosystem for years now, and it looks like it is going to continue that legacy going forward. In four separate filings with the SEC, the firm announced its eighth venture capital fund, raising $345 million.

There is massive VC overcapitalization for Series A and later companies, and probably for seed as well. But there is a massive gap in the market to financially underwrite promising founders and guide them out of their current employers or schools. Cory Levy, who has been a long-time angel investor

After a year where the movie business was defined almost entirely by pauses and delays, Warner Bros. took decisive action on December 3. It had only been a couple of weeks since the studio had announced that in the face of surging coronavirus numbers, it wouldn’t be delaying the Christmas rel

Earlier this month, when Nutanix announced it was hiring former VMware COO Rajiv Ramaswami as CEO, it looked like a good match. What’s more, it pulled a key player from a market rival. Well, it seems VMware took exception to losing the executive, and filed a lawsuit against him yesterday for

Despite the pandemic keeping us in one place most of the time, proptech is still taking off. And not just in the U.S. Dongnae is looking to digitize the rental and home-buying market in South Korea. The startup is announcing the close of a $4.1 million seed round, led by Flybridge and MetaProp, wit

Rocket launch startup Skyroot is closing out 2020 with a key milestone in the development program for their Vikram-I launch vehicle: A successful test firing of a solid rocket propulsion stage that serves as a demonstrator of the same tech to be used in the production Vikram. This is the first time

Early in the pandemic, it was apparent that there would be worldwide lockdowns of varying degrees. So naturally, there was a run on toilet paper (and to a lesser extent, paper towels and tissues). Stores suddenly found themselves sold out of one of the most basic conveniences consumed by humans. We

Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks or something else altogether — require an unprecedented amount of comput

DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in its Series E round led by private equity firm Trustbridge Partners. Existing backer Tencent and Hillhouse Capital’s early-stage

The Chinese government could reshape Ant Group’s business, Tesla plans to launch in India next year and the FAA announces a new ID requirement for drones. This is your Daily Crunch for December 28, 2020. The big story: China presents ‘rectification’ plan for Ant Group