Category: Tech Crunch

The company’s shares opened 12% above their issue price, at ₹112, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion).

The platform has attracted an eclectic user base. More than half of Fortune 500 companies are using Lovable to “supercharge creativity,” according to Osika, who insisted retention remains strong.

SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles. ...

January Ventures co-founder Jennifer Neundorfer discussed this AI-driven funding market on the Equity podcast during TechCrunch Disrupt.

AI isn’t all or nothing, and even good bets can turn sour if you aren’t careful about how you make them. 

Seattle-based Rad Power has gone through multiple rounds of layoffs over the last few years coming out of the pandemic. However, the company is “still fighting to find ways to continue” according to an email viewed by TechCrunch.

Government surveillance vendors want us to believe their spyware products are only used in limited and targeted operations against terrorists and serious criminals. That claim is increasingly difficult to justify, given the broad range of victims — journalists, activists, and now political consultants — that have come forward.

Amanda Kahlow has been quietly been back in sales and marketing tech for about a year with agentic startup 1Mind.

Scribe Optimize is the startup’s next major offering to help organizations identify where AI will be most useful.

Lenskart’s public listing stirred debate over the nearly $8 billion valuation set in its IPO.