The company is partnering with restaurants to share their food across a city via a network of satellite kitchens without having to put up any upfront costs.
LeadIQ’s rapid growth snags venture attention as sales software market stays hot
This morning LeadIQ, a startup working in the sales software market, announced that it has closed a $30 million Series B led by Cathay Innovation. Other investors in the transaction include Fresco Capital, Strong Ventures and Eight Road Ventures. LeadIQ frames its product from the perspective of missed revenue targets at companies, which it claims […]
Battery chemistry company Sila’s founder Gene Berdichevsky on the science of scaling up
Before Gene Berdichevsky became the co-founder and CEO of battery chemistry company Sila Nano, he was the seventh employee at Tesla Motors. As principal engineer on the Roadster battery, Berdichevsky was one of the first people crazy enough to experiment with shoving a lithium-ion battery pack into a combustion engine vehicle. The result? The Roadster […]
FCC proposes new rules to combat SIM swapping scams
SIM swapping scams have been on the rise these past couple of years, but the FCC is seeking to create new rules that would help prevent SIM swapping scams and port-out fraud.
Twitter ban in Nigeria to be lifted if platform sets up a local office and pays taxes, president says
Nigeria President Muhammadu Buhari announced on Friday that the ban on Twitter would be lifted, but only if the social media giant met certain conditions. The president disclosed this during his televised broadcast to Nigerians on the country’s 61st Independence Day anniversary. He acknowledged the fact that Twitter is used to disseminate information. Still, he […]
And that’s that, as the Zoom deal to buy Five9 is called off
Talk about a roller coaster ride. Zoom, the video conferencing company that became everyone’s primary means of communication around work during the pandemic, will no longer be acquiring Five9, a maker of cloud-based customer-service software. Though the all-stock deal, announced in July, was expected to enable Zoom to tap into the lucrative contact center market, […]
Foxconn will build EVs for Lordstown Motors and Fisker at Ohio plant
Foxconn will build electric vehicles for Lordstown Motors as well as its other partner Fisker Inc. at a former GM factory in Ohio, under an agreement announced Thursday. Lordstown Motors, the beleaguered electric vehicle company that became publicly traded via a merger with a special purpose acquisition company, said Thursday it reached a nonbinding agreement […]
Evil Geniuses CEO on the path toward esports ubiquity
The pandemic brought a new class of gamers online for the very first time, and the gaming space has never been larger or more diverse. At the same time, while esports saw some viewership gains in the past year, it still had to deal with plenty of hurdles tied to pandemic restrictions on physical events. […]
Daily Crunch: Facebook releases internal research on Instagram’s mental health effects
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
NASA awards $253M to two companies developing electric propulsion tech for aircraft
NASA has chosen two U.S. companies to develop electric propulsion technologies for aircraft, with the aim of introducing this tech to U.S. aviation fleets by 2035. The two companies, GE Aviation and MagniX, will conduct their work over the next five years. That includes ground and flight test demonstrations, as well as collaborations with other […]