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Ch-ch-ch changes: It’s another C-suite reorganization at Salesforce. Ron Slack CEO Stewart Butterfield, who joined Salesforce when the company acquired Slack in 2020, says he will step down in January. This news follows other unexpected departures over the past week, including that of Salesforce co-CEO Bret Taylor, who announced his retirement.
Another take on social trading: Much of the live streaming trading we see today involves buying clothes or a nice old playing card. However, Kapu brings an interesting twist and comes out of hiding with $8 million in new funding to create a social commerce site that helps Kenyans find groceries at lower prices. annie have more.
AI is now our life: we now use artificial intelligence to create our own avatars and write letters about possible terminations. Jae Lee, founder of Twelve Labs, believes this should be extended to searchable videos, which is exactly what the company wanted to build. Today, the company announced $12 million in new capital to continue developing AI that understands video context. Kyle Write startups and VC
Loft Dynamics, a Swiss startup developing virtual reality simulation technology for helicopter pilots, has raised $20 million in funding from US venture capital firms such as Craft Ventures, Sky Dayton and Up Ventures. Pablo reports. In addition to the financing, the company is also formally announcing the name change from VRM Switzerland to Loft Dynamics.
Speaking of VR… Growing demand for VR in real estate, reports MiguelWriting that Founders Fund leads a $16 million round on the Giraffe360 platform.
Here are five more news items and an invitation to electronics startups:
From non-duality to non-existence: Roman He writes that Zenly was the best social app and that he regrets that it will stop on February 3.
more euros: French venture capital firm Partech closed its fourth fund, a seed fund of €120 million ($124 million). Roman reports.
Row, row, row your code: hahaha He writes, if Rowy wants to, if he can use Excel, he can make software.
Premature due date: Devin reports that sex tech startup Lora DiCarlo appears to be done with it.
Today’s Special Is…: Aigens scales digital menus in Asia, reports Ritawith a $14 million round led by Ant.
Are you coming to CES? Haje, Brian and part of the TC team will be there and we want to know more about the launch in Las Vegas in January, he writes. Brian🇧🇷 Which way is it? The end of free money and the importance of having cash on hand
Photo credit: PM Images (opens in a new window) / Fake Images
In simpler times, founders used to please investors simply by showing how quickly their company met growth expectations.
“Well, today’s investors are concerned about the not-too-distant future,” said Max Schireson, operating partner at Battery Ventures.
“They worry about how much money they have to put into their business to get to that future and when they get there.” In a guest post for TC+, he shares honest advice and different scenarios that can help founders scale investor expectations during tough times.
“They say time is the one thing you can’t buy, but in fact time is the easiest thing to buy in a startup.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps startup founders and teams stay ahead of the competition. You can register here. Use the code “DC” to get 15% off an annual subscription!
big tech inc.
Facebook wants to know your age, but before you pick up your pearls, there’s a good reason for that. Meta integrates its age verification technology into its Facebook dating product, Sarah reports. We don’t care how 50 year olds meet 16 year olds, but Meta definitely doesn’t want to get the reputation of being THAT.
And now we have five more for you:
Source: La Neta Neta
Jason Jack is an experienced technology journalist and author at The Nation View. With a background in computer science and engineering, he has a deep understanding of the latest technology trends and developments. He writes about a wide range of technology topics, including artificial intelligence, machine learning, software development, and cybersecurity.
