The company Wednesday issued an email requesting customers discontinue use of its egg-shaped charging case.
The company says it launched an investigation following a “single complaint” of a charging issue from a customer.
Humane is far from the first consumer electronics company to ship products with potentially hazardous batteries.
According to the note, the Charge Case is the only Humane product affected by this news.
Neither its Battery Boost or Charging Pad have been singled out by the company.
The U.S. House of Representatives passed a bill this afternoon that would require TikTok-owner ByteDance to sell the popular social media app or see it banned in the United States.
Efforts to ban TikTok go back to the Trump Administration, but the issue has been revived in recent months.
The House already passed a similar bill in March — a bill that the Senate showed little interest in taking up.
The Senate could take up the package this coming week, and President Joe Biden has said he supports the bill and will sign it.
If that happens, TikTok is expected to challenge the bill in court.
Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing the Zepto management.
Zepto, which became a unicorn last year, counts YC Continuity, StepStone Group, Glade Brook Capital and Lachy Groom among its backers.
“Overall EBITDA margin for Zepto is at negative single-digit percentage and the company is on track to break even at the EBITDA level within the next quarter.
The company expects steady state contribution margin of 12%, with steady state EBITDA margin of 7%,” the report added.
Zepto believes it can expand into 40-50 cities over time,” the report added.
Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete, TechCrunch has learned.
The EV startup was ultimately able to track down a majority of those payments or request new ones from customers whose payment methods had expired.
Red flags raisedFisker has warned investors since last year about problems with its internal accounting practices.
Fisker’s poor internal procedures have created problems beyond keeping track of payments.
Fisker hired contractors in February to help resolve the title and registration problems, but the backlog was immense, according to the people.
While the rest of you are out there touching the proverbial and literal grass, the world’s developers are jamming into conference halls to find out what the next year holds for AI and OSes.
Things kick off next week with NVIDIA’s GTC, with the next few months holding Microsoft Build, Apple’s WWDC and, of course, Google I/O.
Invites just dropped for the latter, which is set for May 14 and 15 at Shoreline Amphitheater in Mountain View, California — the usual spot.
We’ve still got two months to book travel, but we’ll be there (I might pack a hat this time).
While the show is aimed specifically at developers for Google’s various operating systems, things customarily kick off with a Sundar-led keynote.
Two years ago, he launched Ballistic Ventures with an inaugural $300 million fund, a laser focus on cybersecurity, an interesting business model, and a who’s-who of investing partners.
Now Ballistic has already closed a second fund, even bigger than the first.
“We set out to raise a second $300 million fund and stopped at $360 million,” Schlein told TechCrunch.
Ballistic formally registered its plans for a second fund just four months ago, in November, TC was first to report.
The Ballistic team also includes general partner Kevin Mandia, the former CEO of Mandiant, which sold to Google in 2022.
Sea is “still making changes” and has yet to launch its popular mobile game Free Fire in India, more than six months after announcing plans to do so.
Garena, the gaming unit of Sea, announced plans to relaunch Free Fire in India in August last year.
At the time, Garena said Free Fire India will be made available in the country on September 5.
India banned Free Fire and dozens of other Chinese apps in 2022.
Days later, Sea said it was shutting down Shopee’s operations in India, months into testing the social commerce service in the country.
Sam Blond is leaving Founders Fund, as well as the profession of venture capitalist, just 18 months after he joined the storied Silicon Valley firm.
For now just immense gratitude to FF and all the incredible people and… — Sam Blond (@samdblond) March 4, 2024Before joining the VC firm, Blond was best known as the former Chief Revenue Officer at Brex.
Brex is not a Founders Fund portfolio company, although Founders Fund is an investor in one of Brex’s biggest competitors: Ramp.
We hope to have the opportunity to work with him again,” Founders Fund spokesperson Erin Gleason tells TechCrunch.
But this is the second splashy departure of a Founders Fund partner over the past couple of months.
Tech layoffs are accelerating, according to the data.
After quick revenue growth in 2023, midsized tech companies are cutting as well.
Brex’s latest layoffs make it plain that even some of the best-known, and most richly funded, upstart tech companies are finding their headcount to be too much.
Thankfully, that information is at our fingertips and we can report that, yes, the layoff surge that you are feeling is in fact an actual wave.
In that month, Layoffs.FYI counted just 4,707 tech layoffs across 65 total known cuts.
Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
