Anita Ramaswamy / TechCrunch: Subspace Labs, which aims to build a more scalable “fourth-generation” blockchain, raises $32.9M led by Pantera Capital, following a $4.5M seed in 2021 — As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand.
Author: Sophia
Sophia
Sophia is an entrepreneur and blogger. She is passionate about software, disruptive technology, personal development, and inspiring others.
Washington Post: Center for Countering Digital Hate: a study of 8,717 DMs sent to five high profile women shows Instagram didn’t act on 90% of reported abusive direct messages — Women on Instagram are exposed to an “epidemic of misogynist abuse,” according to a new report.
Ezra Fieser / Bloomberg: Bogota-based buy now, pay later service Addi raises $80M in equity and $125M in debt at a $700M valuation and says it is used by 1,000 retailers — – Buy now, pay later startup Addi valued at more than $700m — GIC leads series C round that raises fresh equity and debt
Ingrid Lunden / TechCrunch: Vimeo acquires Wibbitz, a short-form video creation service, and Wirewax, which builds tech to make objects in videos “shoppable” — Vimeo, the B2B video platform that spun out from IAC earlier this year, has made a pair of acquisitions aimed at building out the suite of features …
Annie Njanja / TechCrunch: Australian startup Vivi, whose wireless tech enables tutors to display teaching material on students’ own devices in classrooms, raises $20M from Quad Partners — Australian edtech start-up Vivi has raised $20 million from education investor Quad Partners, funds that it intends to use …
Ganesh Nagarajan / Bloomberg: MapmyIndia, which provides mapping data to Apple, Amazon, McDonald’s, and others, aims to raise up to $137M in its IPO; the company has raised $41.3M — – MapmyIndia began an initial public offering Thursday — India relaxed rules this year on mapping and geographic data
Timothy Craig / Crypto Briefing: YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M of users’ funds by investing them in UST, after earlier claiming it was investing in USDC — Stablegains has been accused of misleading customers about where their money was going. — Key Takeaways
Ingrid Lunden / TechCrunch: Meta says Jeren A. Miles, its head global community development, is no longer with the company after a video of him in an underage sex sting went viral — Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manger of global community development …
Frederic Lardinois / TechCrunch: RelationalAI, which develops knowledge graphs for data-driven apps, raises a $75M Series B led by Tiger Global and adds ex-Snowflake CEO Bob Muglia to its board — RelationalAI, a startup that wants to change the way data-driven applications are built by combining a database system with a knowledge graph
Taylor Lorenz / Washington Post: Twitter has hired Michael Sayman, formerly of Roblox, to work on experimental features as the company seeks to compete with TikTok for younger users — When Joss Robinson, 18, a freshman at the University of Connecticut, wants to catch up on what his friends are talking about, he often turns to Twitter.