Tuesday, April 18, 2023

Citizen Lab claims Apple's 'Lockdown Mode' helped block spyware attack by hacker group NSO

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Tuesday, April 18, 2023

Happy Tuesday Crunch, our crunchiest of friends. So happy to see you again.

Yesterday, Haje wondered if he was an AI, so clearly he needs a holiday. Today, shall we bask in the glory of tech news together?

—  Christine and Haje 

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Image Credits: JuSun / Getty Images

The TechCrunch Top 3

  • You got blocked: Sometimes technology does what it's supposed to. In Apple's case, researchers looking into spyware vulnerabilities said its "Lockdown Mode" was able to thwart the advances of the infamous mercenary hacking provider NSO Group. Lorenzo has more. Also, Apple opens its first retail store in India, but there are…challenges, Manish writes.
  • Don’t forget your boarding pass: Alaska Airlines is doing away with check-in kiosks in favor of a more modern look to its gate area. Fliers will need to print boarding passes at home or check in using their smartphones, Frederic reports.
  • Truth seeker: Elon Musk wants to develop his own chatbot called TruthGPT, which he describes as "a maximum truth-seeking AI," reports Ivan.

Startups and VC

Mansa, a free ad-supported streaming service and content aggregator that offers a curated selection of Black cultural content, launched out of stealth today, Lauren reports. Mansa offers a wide variety of content, from on-demand titles and digital linear (FAST) channels to short-form videos and user-generated content.

And we have another loosely assembled melange of tasty morsels for you:

Startups and VC image

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TC+

SaaS retention benchmarks: How does your business stack up?

SaaS companies are like leaky rowboats. If retention rates aren't strong enough to overcome customer churn, they'll take on water until they sink to the bottom.

Sid Jain, a senior analyst with ChartMogul, researched 2,100 companies and found that "more than half of SaaS businesses had lower retention in 2022 when compared to 2021."

In this detailed breakdown, he compares net revenue retention rates by ARR range and identifies benchmarks for companies that have yet to reach product-market fit.

"What is considered a good net retention rate differs by the stage of your business," advises Jain. "When benchmarking, always keep the stage of your business in mind."

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!

Three more from the TC+ team:

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Big Tech Inc.

You gotta love Darrell's headline for his article today, "Goodbye to the fat middle," which at first glance might pay homage to ridding oneself of their fluffy abdominal fat, but really Darrell opines about Adobe's new AI-powered features, and what that means for the human workforce, namely, that "what's most in danger of future extinction within these bullet points provided by Adobe is effectively the fat middle of the bell curve of multimedia editing work."

Some television platforms and shows are quieter than others, but Prime Video customers who need a little extra sound to hear dialogue just got boosted. Sarah reports that if you can't watch television without subtitles, Prime Video has a new feature that makes dialogue easier to hear.

And we have five more for you:

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Image Credits: Collage by Darrell Etherington / Getty Images

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Monday, April 17, 2023

Sideloaded apps coming soon to an iPhone near you in iOS 17

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Monday, April 17, 2023

Happy Monday Crunch!

Haje is wrapping up this newsletter before heading to TechCrunch Early Stage 2023 in Boston on April 20. It's not too late to get your ticket! Meanwhile, on the Equity podcast today, the pod crew wonders, What’s an Angry Bird worth? It turns out, Sega thinks it's $775 million for the whole bird farm.

Christine and Haje

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Image Credits: Apple

The TechCrunch Top 3

Apple's announcements were big for readers today, so here we go:

  • Psst, wanna install an app?: Apple likes to keep things close to the vest, but Ivan writes that the consumer tech giant is reportedly considering allowing people to sideload apps to their iPhone in iOS 17.
  • Apple makes things interest-ing: Last October, Apple unveiled a new financial product, and today, the company spilled a little more tea about its Apple Card savings accounts, featuring a 4.15% interest rate, reports Romain.
  • Watch this: Apple Watch users have been waiting — can we say patiently? — for a new software update. Well, Sarah reports today the watch is likely to get its biggest software update since its 2015 debut.

Startups and VC

Back in January, a $810 million deal fell apart to buy Angry Birds makers Rovio, but the company suggested they were still in talks with other potential interested parties. Today, Paul reports that deal became official as Japanese gaming giant Sega has confirmed that it's buying Finland's Rovio in an all-cash deal worth $775 million.

As the economy has gotten tougher, plenty of companies have switched from buying to renting. There's an acronym for this — XaaS, or "everything as a service," also referred to as "servitization." An example of this would be ServiceNow, which automates services for enterprise operations. A newish player in this space is Equipme, out of Germany, which secured $3.8 million in a seed investment round led by La Famiglia VC, Mike writes.

And we have five more for you:

No, you're not raising money to increase your runway

Haje often hears founders say they are raising money to increase their runway by 18 to 24 months. In a sense, that is accurate, but only from the startup's point of view.

That's not what an investor is looking for. Your company surviving for another year and a half is not the goal of a fundraise; that's a side effect at best. Ask yourself — what happens at the end of those 18 months?

Founders should communicate to investors what a round of funding unlocks. That's expressed in milestones, not in time. The goal is to transform the company sufficiently that you can do something that you cannot do at this moment, and in this piece, Haje breaks down how.

Three more from the TC+ team:

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!

Read More

No, you're not raising money to increase your runway image

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Big Tech Inc.

There was no "up, up and away" for SpaceX today, which was attempting to fly its Starship launch system for the first time. Aria reports that the flight test turned into a wet dress rehearsal due to a frozen pressure valve. Now SpaceX is looking at April 19 as the next possible date to try again.

Luxury car enthusiasts gather 'round. Mercedes debuts the Maybach EQS SUV, which includes features that Matt writes are "dripping with historic Maybach design elements: two-tone paint, imposing wheels, a proper hood ornament and, yes, a grill with filigree slats even though it's electric and there isn't a radiator to protect."

Now here's five more for you:

Read more stories on TechCrunch.com

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Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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