The big idea was to become the transfer agent, brokerage and clearinghouse for all private stock transactions in the world.
Roughly 15 months later, in late 2022, the company’s CEO, Henry Ward, told Axios that Carta was worth even more – $8.5 billion – following a separate secondary sale.
(He did not disclose how many shares were sold at this valuation or who bought them.)
Now, Carta is seemingly returning to its roots – and an earlier valuation that’s probably better suited to the business.
Over the years, Carta has raised roughly $1.2 billion from investors, according to the startups tracker Tracxn.
EarliTec Diagnostics just raised fresh capital to expand its system that helps clinicians diagnose children as young as 16 months old.
According to EarliTec, children with autism won’t focus on the video the same way that kids without autism will.
The Autism Impact Fund closed a $60 million fund, 20% higher than its $50 million target, this week.
Divergent Ventures raised a $10 million fund in 2021 that focuses on early-stage companies across the neurodiversity space.
Opya, a digital therapy platform for autism, has raised more than $19 million from backers including SoftBank’s Open Opportunity Fund.
India is walking back on a recent AI advisory after receiving criticism from many local and global entrepreneurs and investors.
The Ministry of Electronics and IT shared an updated AI advisory with industry stakeholders on Friday that no longer asked them to take the government approval before launching or deploying an AI model to users in the South Asian market.
Under the revised guidelines, firms are instead advised to label under-tested and unreliable AI models to inform users of their potential fallibility or unreliability.
The revision follows India’s IT ministry receiving severe criticism earlier this month from many high-profile individuals.
Less than a year ago, the ministry had declined to regulate AI growth, identifying the sector as vital to India’s strategic interests.
Turnitin laid off staff earlier this year, after CEO forecast AI would allow it to cut headcountPeople worry that advances in AI will lead to job losses, but rarely does a company’s CEO openly admit that AI will help to reduce their headcount.
TechCrunch learned that Turnitin laid off around 15 people earlier this year, as part of broader organizational changes.
Klarna recently announced that its AI Assistant can do the job of 700 workers, shocking the industry.
(Klarna later clarified that the customer service workers the AI was replacing were hired from outsourcing firms, not direct employees.)
Turnitin confirmed its layoffs in a statement to TechCrunch, but not the headcount:
Google has pulled many crypto exchanges, including Binance and Kraken, from its Play Store in India, the latest blow to already dwindling India’s crypto exchange already dwindling India’s crypto exchange.
Apple pulled the apps earlier this week pulled the apps earlier this week and on Thursday evening ISPs in India began blocking the URLs of the crypto exchange websites.
This only impacts users who attempt to access the Indian iOS app store or the Binance website from India,” Binance said earlier Friday.
On Tuesday, CoinDCX announced that it would provide rewards to customers who transfer their crypto assets from global exchanges to its India-based platform.
Coinbase, another popular global crypto exchange, stopped onboarding new customers in India last year.
Elon Musk’s social media platform X, formerly known as Twitter, suffered an outage globally earlier Thursday that lasted for more than an hour.
X Pro, formerly known as TweetDeck, also faced the outage.
This was not Twitter’s first outage – the abrupt workforce cuts earlier exposed the site to more vulnerabilities and reliability issues.
The last major outage on the platform, which was still called Twitter at that time, occurred in early July.
Users encountered “rate limit exceeded” and “cannot retrieve tweets” errors.
