Investor demand has been so strong for shares of hot HR startup Rippling – over $2 billion worth of term sheets, it says – that it is allowing former employees to also participate in its giant, tender offer sale, the company told TechCrunch. But there is one big exception: it has banned former employees who…
Fintechs often give banks a run for their money, pun intended, when it comes to using technology to improve the customer experience. Torpago, a commercial credit card and spend management provider, is no different, but with one caveat — banks are who it builds technology for, particularly community banks. It’s true, Torpago is often grouped…
Former Autonomy chief executive Mike Lynch issued a statement Thursday following his acquittal of criminal charges, ending a 13-year legal battle with Hewlett-Packard that became one of Silicon Valley’s biggest fraud cases. He was accused of falsely inflating revenues at the UK startup ahead of Autonomy’s $11 billion sale to HP in 2011. Commenting on…
In order to have users spend more time on the platform and ramp up engagement, TikTok is testing streaks that are similar to what people see on Snapchat. TikTok confirmed that it is testing the feature but didn’t provide any statement related to it. The company said that it is experimenting with the streaks feature…
With its list of Apple Design Awards winners, Apple is celebrating indie apps and startups over bigger tech firms — including those offering AI chatbots. At a time when its App Store model has been called into question by legislators and regulators alike, Apple’s annual list of what it considers the best and most technically…
Shopify has acquired Threads.com, the Sequoia-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join Shopify. Threads added that after the launch of Meta’s social network with the same name last year, the startup had “the opportunity to sell our…
EnerVenue, a startup that has developed an alternative to lithium-ion batteries for long-duration renewable energy storage, is raising $515 million in fresh equity, per an SEC filing seen by TechCrunch. The company is in the process of building a gigawatt-scale factory in Kentucky to produce its nickel-hydrogen batteries, an endeavor that’s estimated to cost $264…
Founders: Need plans this weekend? What better way to spend your time than applying to this year’s Startup Battlefield 200 at TechCrunch Disrupt. With Monday’s deadline looming, this is a must-add for your weekend to-do list. Accepting both applications and referrals We’re accepting both quality applications and referrals for Startup Battlefield 200. If you are…
Carlo Kobe and Scott Smith believed so strongly in the need for a debit card product designed specifically for Gen Zers that they dropped out of Harvard and Cornell at ages 19 and 21, respectively, in 2021 to build a startup called Fizz. The pair wanted to go beyond creating a debit card for the…
Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the offering…
