Shares are not continuing to climb in early trading, but are holding steady above its IPO price, at around $100 at the time of writing.
Its successful debut marks the third major tech IPO in the United States this year, and is the third in a row to price well and immediately trade higher.
Investor eagerness for Ibotta indicates that “there is an increasing appetite for IPOs again” Smith said, “particularly in the tech space.”Don’t pop the champagne yet for the tech IPO market coming roaring back, however.
Classic tech IPOs tend to feature tech companies still in growth mode and deeply in the red.
Smith agrees, calling the upcoming Rubrik IPO “an even bigger test” for tech debuts “given its weaker current financial picture.”We’ll find out next week.
Some call it the “commercial valley of death,” and it’s the point at which many climate tech startups struggle.
Climate nonprofit Prime Coalition is hoping to bridge the valley with a new program, Trellis Climate.
Trellis Climate follows the latter model with a focus on middle stages, where capital has grown scarce.
“There are more and more philanthropists that are really interested in solving the climate problem,” Lara Pierpoint, director of Trellis Climate, told TechCrunch.
“It is the most flexible and potentially risk-forward set of dollars that are out there.”For founders in climate tech, that sort of funding is likely welcome news.
AirChat, the buzzy new social app, could be great – or, it could succumb to the same fate as ClubhouseOver the weekend, another social media platform exploded into the fray: AirChat.
Built by AngelList founder Naval Ravikant and former Tinder exec Brian Norgard, Airchat takes a refreshingly intimate approach to social media.
What I do consider a red flag is AirChat’s naive approach to content moderation.
Clubhouse’s approach to content moderation was even more permissive, since there was no way to block people for months after launch – AirChat already has block and mute features, thankfully.
With this minimalist approach to content moderation, it’s not hard to see how AirChat could get into hot water.
Don’t blame MKBHD for the fate of Humane AI and Fisker Famed YouTuber Marques Brownlee makes a splash not for what he said — but for howHumane AI raised more than $230 million before it even shipped a product.
“It was really hard to come up with a title for this video,” Brownlee says in the video itself, which currently has over 5 million views.
The actual review was fair and balanced.”An underdog worth $800 millionCritics of MKBHD’s video are operating as though Humane AI is an underdog in the space.
In the month preceding the MKBHD review, federal safety regulators began investigating the Fisker Ocean for complaints about the brakes not working well.
The Humane AI pin was widely panned across the tech review board, but the only person receiving outsized and long-lasting criticism for his review is MKBHD, a Black man.
Inversion Space is aptly named.
Inversion has developed a pathfinder vehicle, called Ray, that’s a technical precursor to a larger platform that will debut in 2026.
Impressively, the company has designed and built almost all of the Ray vehicle in-house, from the propulsion system to the structure to the parachutes.
“The purpose of our Ray vehicle is to develop technology for our next-gen vehicle.
As such, we’ve built basically the entire vehicle in-house,” Fiaschetti said.
A crypto wallet maker claimed this week that hackers may be targeting people with an iMessage “zero-day” exploit — but all signs point to an exaggerated threat, if not a downright scam.
Trust Wallet’s official X (previously Twitter) account wrote that “we have credible intel regarding a high-risk zero-day exploit targeting iMessage on the Dark Web.
According to Apple, there is no evidence anyone has successfully hacked someone’s Apple device while using Lockdown Mode.
For its part, CodeBreach Lab appears to be a new website with no track record.
TechCrunch could not reach CodeBreach Lab for comment because there is no way to contact the alleged company.
When prolific venture capital firms Andreessen Horowitz and Lerer Hippeau announced in early 2024 they were pivoting away from consumer tech, it sparked a social media debate about whether there are still opportunities.
Jumping in, Maven will be there helping to build the next game-changing health AI company or robotics AI consumer business, he said.
Scheinman started the firm in 2013 and brought in Deshpande soon after to focus on consumer AI and personalized medicine.
They brought in investment partner Robert Ravanshenas in 2015, and again in 2020 after a stint in a startup operating role, to focus on fintech, longevity and consumer AI.
Together the trio remains committed to seeding similar consumer tech trends, including applications of AI, personalized healthcare, climate and sustainability, family technology and fintech.
For the firm that calls itself “the first check in deep tech,” the last check for SOSV’s latest $306 million fund took a bit longer than founder Sean O’Sullivan would have liked.
“We’re concentrating and double doubling down on deep tech,” O’Sullivan said.
We’re doing a fewer number of companies, more like 80 deep tech companies per year.
O’Sullivan said that SOSV intends to invest about 70% of the funds in climate tech companies, 25% in health tech, and the remaining 5% will be reserved for opportunistic investments.
“We have a special place to serve because we do deep tech, because we do get into the biology, we do get into the chemistry, the physics and the electronics.
As the Gulf region gains growing strategic importance for the tech war between the U.S. and China, Microsoft makes a big move into one of its richest oil countries.
The minority stake will give Brad Smith, Microsoft’s vice chair and president, a seat on G42’s board of directors.
The funding comes amid U.S. politicians’ escalating concerns over G42’s ties with China.
Given the two countries’ increasing economic ties, it’s no surprise that G42, the AI poster child of the UAE, has also forged ties with Chinese firms.
Under the agreement, the Emirati company’s data platform and other key technology infrastructure will migrate to Microsoft Azure, which will power G42’s AI product development.
Efforts by tech giants to be more transparent about the ads they run are — at very best — still a work in progress, according to a report looking at ads transparency tools.
The report’s top-line conclusion is that platforms’ ad oversight tools are falling short of delivering the intended transparency and democratic accountability in a critical year for elections globally.
Judging by the report findings, something similar may be playing out in platforms’ early responses to DSA demands for ads transparency.
“Major gaps”They do note there has been some developments since they carried out their transparency tools tests.
But, as the report suggests, it’s all too easy for platforms to inject intentional friction into transparency tools, whether by restrictive design or sloppy implementation or both.
