Wednesday, October 11, 2023

Mastercard CFO says India’s mobile payment rail continues to present obstacles

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By Christine Hall

Wednesday, October 11, 2023

In today's top story, Mastercard CFO says India's mobile payment rails, known as UPI, continues to be an "incredibly painful experience" for ecosystem participants. Learn why.

Meanwhile, more revelations continue to appear during Sam Bankman-Fried's trial in New York. We have your look at the $2 billion venture fund that SBF started by using Alameda Research loans. Speaking of, Alameda allegedly paid Chinese officials around $150 million to regain $1 billion worth of exchange accounts.

And you all continue to be very smitten with whatever Adobe has to offer. Today, learn about all that its Project Fast Fill offers. It's a generative fill for video.

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More top reads

Look out, Zapier: Relay is racing into the workflow automation space. Find out who recently backed it.

Hacked: Chinese state-backed hackers are exploiting a new “critical” Atlassian zero-day bug. Get the scoop.

Putting all the eggs in one basket: A Munich startup is pairing AI with MRI scans to determine the gender of chickens before they hatch. And humans are next. It also now has $32 million in new funding.

Boxed in: In a pair of Box stories, we unveil a new AI pricing plan and introduce Hubs, a custom portal to share specialized content.

When code just won't do it: Prophecy lands $35 million investment to give low-coders a way to transform data. Read more.

Under the microscope: The U.K.'s competition regulator launches an antitrust investigation into the $19 billion Vodafone/Three mobile merger. Here's what it will look at.

Wrap it up: Tesla now sells $8,000 vinyl wraps as an after-purchase service, perhaps hinting at a clever Cybertruck solution. Get the scoop.

For when you've been dying to snoop in someone's closet: Peer-to-peer fashion rental marketplace Pickle picks up $8 million. Check it out.

Treat yo' self: Klarna launches a suite of new features, including an AI-powered image-search tool. Meet Shopping lens.

Searching for a lifeline: Astra Space weighs up selling parts of its business as it looks for cash. Read more.

All about the Google Pixel 8 and Watch 2: We have a quartet of stories about the Pixel 8, Pixel 8 Pro and Pixel Watch 2. First, find out if the Pixel 8 is for you. Then take a gander at the camera on the Pro model, which seems to be the big-ticket item here. For $100 you get an upgrade on the Pro that will elevate your photography skills to a 10. The camera's still the thing. Also, Darrell takes the phone out into the wild to see if the camera truly lives up to the hype. As for the Pixel Watch 2, it also has some solid upgrades.

Even more for your Wednesday:

Carefull lands $16.5M to shield seniors from financial fraud

Construction sites feel emptier, but is bleeding-edge tech the solution? (TC+)

Sony Ventures earmarks $10M to invest in African entertainment startups

SEC is investigating MOVEit mass-hack, says Progress Software

Fearing AI, fanfiction writers lock their accounts

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Tuesday, October 10, 2023

Goodbye passwords, hello Google passkeys

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By Christine Hall

Tuesday, October 10, 2023

In today's top story, Google makes passkeys the default sign-in method for all users. Just don't misplace it.

Meanwhile, there are a lot of changes going on over at X, the company formerly known as Twitter. First, we hope you don't always want to comment because a new setting lets only verified accounts reply to a post. Second, your view of what's newsy may not match X's. There were some changes to its public interest policy to redefine "newsworthiness" of posts.

And Zest Equity, a UAE-based startup digitizing private market deals, raised $3.8 million in seed funding to provide a place to make all of those private market deals quicker. Read more.

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Image Credits: Martin Barth / EyeEm / Getty Images

More top reads

DNA in the wild: We hope you have that 12-character password at the ready. 23andMe resets user passwords after genetic data was posted online. More on that.

Alphabet soup: Tidalflow helps any software play nice with ChatGPT and other LLM ecosystems. Check it out.

PC shipments may be on a decline, but so is Apple: New numbers show that neither PCs nor Apple were immune to shipment decline in the third quarter. See for yourself.

Shine bright like a Firefly: We've got a trio of Adobe tidbits, starting with Adobe Firefly, which can now generate more realistic images and its generative AI models can create vector graphics in Illustrator. And finally Project Stardust is a sneak preview of Adobe’s next-generation AI photo editing engine.

It's like eight tools in one: SuperOps.ai streamlines the work of managed service providers. Here's how.

Here kitty, kitty: TabbyML, an open source challenger to GitHub Copilot, raises $3.2 million to help you write code. Read more.

A computer you can access from any device: Shadow launches Windows-based cloud PCs for $9.99 per month. Shadow computer, get it?

Now, that's a big seed round: Gutsy launches with a huge $51 million seed to bring process mining to security. Find out what that means.

A yarn of a funding tale: Thread (not Threads), a company developing a platform to autonomously inspect utility assets, raises $15 million. For those really tall jobs.

Ham, but made from plants: Heura hit store shelves with "York ham–style slices" that are 100% plant-based. Something to sink your teeth into.

For those of you looking for the 411 on SBF: Sam Bankman-Fried's trial is into its second week. Here's what we know so far. (TC+) And Alameda Research's ex-CEO Caroline Ellison testifies, claiming SBF directed her to commit crimes. Get the scoop.

More for your Tuesday:

Plenful raises $9M to automate healthcare workflows

For VCs in India, bank is the new hot investment

X competitor Bluesky adds email verification, flags misleading links in security-focused update

Canopy Servicing's $15.2M Series A1 shows fintech startups that raised in 2021 can still get money (TC+)

The Q3 venture capital market explained in five charts

The global venture capital market failed to turn the corner in the third quarter of 2023, instead racking up another quarter's worth of declines in most parts of the world.

The data, however, can become a little bit abstract in numerical form. So, today, the TechCrunch+ team has charted the most important venture capital data we've seen thus far to help you better understand where global startup investing really is today. See where deal count and deal activity were the best and worst.

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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The Q3 venture capital market explained in five charts image

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On the pods

This week on Found, we’re joined by Giovanni Fili, the founder and CEO of Exeger, a startup that creates flexible solar cells that can create electric energy off of any light condition.

Fili talked about what it has been like devoting the last 15 years of his career to a company based on tech that hadn't previously been proven to work.

He also talked about running a deep tech company as a nontechnical founder and how he's built a capital-intensive startup off of relatively little funding. Listen here.

Read More

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