Byju’s had launched its first rights issue in late January, but a court order directed the company to not tap the funds it had raised through that rights issue after many of its investors opposed the fundraise.
Thursday’s court order is the latest episode in the spectacular collapse of Byju’s, once the world’s most valuable edtech startup.
TechCrunch couldn’t determine exactly how much Byju’s ended up raising in the first rights issue.
In the letter, he urged his estranged investors to give him another chance and participate in the rights issue.
“But my benchmark of success is the participation of all shareholders in the rights issue.
Waymo has voluntarily issued a software recall to all 672 of its Jaguar I-Pace robotaxis after one of them collided with a telephone pole.
This is Waymo’s second recall.
NHTSA confirmed to TechCrunch that it has received Waymo’s recall documents and is processing them for publication on its website.
The accident that prompted Waymo’s second recall happened on May 21 when a Waymo vehicle in Phoenix, driving without a human safety operator, collided with a telephone pole in an alley during a low speed pullover maneuver.
The Waymo vehicle slowed down to pull over and struck a pole at a speed of 8 miles per hour.
Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.
In a statement Friday, the company said about 576,000 user accounts were accessed using a technique known as credential stuffing, where malicious hackers use usernames and passwords stolen from other data breaches and reuse the logins on other sites.
Roku said in fewer than 400 account breaches, the malicious hackers made fraudulent purchases of Roku hardware and streaming subscriptions using the payment data stored in those users’ accounts.
Two-factor authentication prevents credential stuffing attacks by adding an additional layer of security to online accounts.
By prompting a user to enter a time-sensitive code along with their username and password, malicious hackers cannot break into a user’s account with just a stolen password.
For the second time in just over a month, Meta’s apps including WhatsApp, and possibly Messenger and Instagram, are facing outages and intermittent issues.
WhatsApp also confirmed the outage in an update to its X account.
(In our own tests, Meta’s apps were loading and we could send messages via WhatsApp which indicates either the outages were not global in nature or they’ve already been fixed.)
This is not the first time Meta’s apps have seen a sizable outage this year.
At the time, Meta’s status page had signaled problems with products like Ads Manager as well.
Hello and welcome back to TechCrunch Space.
As a preliminary step, the company used that second pad to launch an uncrewed Dragon capsule to the International Space Station.
This is the fifth and final mission Rocket Lab has performed for NRO under a contract the company was awarded back in 2020.
This week in space historyOn March 30, 1982, the space shuttle Columbia touched down at the White Sands Missile Range in New Mexico.
The shuttle was carrying astronauts Jack R. Lousma and C. Gordon Fullerton, who were returning home after a successful eight-day mission.
Intuitive Machines’ second moon mission is still on track to launch before the end of this year, after the company only had to make minor adjustments to the lunar lander design, executives said during an earnings call Thursday.
That same lander class, which the company calls Nova-C, will be returning to the moon later this year in that second mission.
The Intuitive Machines team identified just “a handful of adjustments” that will be implemented on the second lander, CEO Steve Altemus said during the earnings call.
Intuitive Machines ended the fourth quarter of 2023 with $30.6 million in revenue and a cash balance of just $4.5 million.
Beyond the second moon mission, 2024 will likely be a pivotal year for the company, which is awaiting the decision on NASA awards that could be extremely lucrative.
SpaceX has performed 13 crewed missions, and all of them launched from Launch Complex 39A at NASA’s Kennedy Space Center.
But the company has long intended to upgrade a second pad — SLC-40 at the neighboring Cape Canaveral Space Force Station — to expand its crew launch capacity.
Teams test the new emergency chutes from the pad 40 crew tower in Florida pic.twitter.com/rWVj7zaHp0 — SpaceX (@SpaceX) March 19, 2024As a next step, SpaceX is going to launch the CRS-30 cargo resupply mission.
In a media teleconference in February, SpaceX’s VP of build and flight reliability, Bill Gerstenmaier, said the cargo flight is an incremental step to astronaut launches.
“We would like to do a cargo flight first if we can.
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.
SpaceX will attempt to send the massive Starship rocket to orbit for the third time early Thursday morning after U.S. regulators gave the green light for launch.
The first took place last April, and ended with both the upper stage (which is also called Starship) and the Super Heavy booster exploding mid-air.
Anytime an anomaly occurs during a rocket launch, the Federal Aviation Administration steps in to oversee a company-run investigation.
The investigation into the second Starship launch closed last month, so the only thing left was for the regulator to issue a launch license for the test flight.
Due to the in-space engine burn, the company is also targeting a new flight trajectory, with the upper stage splashing down in the Indian Ocean.
With the second fund, Ada says it will invest between £250,000 and £1.5 million in pre-seed and seed stage startups, with a “significant amount” allocated for follow-ons.
So far, 12 investments have been made from the second fund.
Ada claims 30% of the investments from Fund I and Fund II were sourced this way.
Warner retorted: “There are 350+ fantastic female VC partners in Europe.
: “I think every leader of every VC fund needs to do whatever we can to attract the best talent in the industry.
