Tech Meme

Brian Heater / TechCrunch: Nimble, which helps companies automate their logistics warehouses, raised a $65M Series B led by Cedar Pine, bringing its total funding to $115M  —  There’s a long-standing debate in the world of logistics robotics.  On one side stand the greenfield folk, who insist that the best possible experience … Lees verder op Tech Meme

Wall Street Journal: Sources: Tiger Global marked down its investments in private companies by ~33% across VC funds in 2022, erasing $23B in value from its portfolio of startups  —  The markdowns erased $23 billion in value from Tiger’s portfolio of startups  —  Tiger Global marked down the value of its investments … Lees verder op Tech Meme

George Hammond / Financial Times: Peter Thiel says he had $50M in a personal account at SVB when it went under, even after Founders Fund warned portfolio companies that the bank was at risk  —  Prominent investor’s Founders Fund among those that had warned about US bank’s risks ahead of its collapse Lees verder op Tech Meme

Aisha Malik / TechCrunch: YouTube raises YouTube TV’s price by $8 to $72.99/month, citing a rise in “content costs”, effective for new users on March 16 and existing users on April 18  —  YouTube has announced that it’s raising the price of its YouTube TV subscription to $72.99 per month. Lees verder op Tech Meme

Taylor Hatmaker / TechCrunch: Twitch CEO Emmett Shear steps down after 16 years at the company, replaced by president Dan Clancy, effective immediately; Shear is a Justin.tv co-founder  —  After serving as its chief executive for more than a decade, Twitch CEO Emmett Shear will take a step back at the company. Lees verder op Tech Meme

TechCrunch: NYC-based Via plans to acquire London-based Citymapper, which has ~50M users globally and raised $59.5M; sources: investors mostly won’t make their money back  —  Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned … Lees verder op Tech Meme

Sam Kessler / CoinDesk: The Arbitrum Foundation, which develops the Ethereum Layer 2 network Arbitrum, plans to airdrop its long-awaited ARB token on March 23 and transition to a DAO  —  The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Fairmatic, whose AI monitors companies’ fleets to cut their auto insurance, raised a $46M Series B led by Battery Ventures, taking its total funding to $88M  —  With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Lees verder op Tech Meme

Margaux Nijkerk / CoinDesk: Ethereum developers aim for April 12 for the Shanghai hard fork, which would complete the network’s transition to proof-of-stake, delayed from March 2023  —  Developers agreed to April 12 for the long-awaited upgrade that will enable staked ETH withdrawals. Lees verder op Tech Meme

Mia Sato / The Verge: TikTok adds a Refresh button to For You, resetting the recommendation algorithm to show videos like for a new user, after testing the feature in February 2023  —  TikTok is adding a way for users to “refresh” For You page content when they want to switch up their feed. Lees verder op Tech Meme