In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what is widely considered to be one of the largest acquisitions of an African startup. Some sources say the sum was just over $120 million, although deal terms were not disclosed. Success achieved, both...
Category: Tech Crunch
Windsurf says Anthropic is limiting its direct access to Claude AI models
Windsurf, the popular vibe coding startup that’s reportedly being acquired by OpenAI, says Anthropic significantly reduced its first-party access to its Claude 3.7 Sonnet and Claude 3.5 Sonnet AI models. Windsurf CEO Varun Mohan said in a post on X Tuesday that Anthropic gave Windsurf little notice for this change, and the startup now has...
Anthropic’s AI is writing its own blog — with human oversight
Anthropic has given its AI a blog. A week ago, Anthropic quietly launched Claude Explains, a new page on its website that’s generated mostly by the company’s AI model family, Claude. Populated by posts on technical topics related to various Claude use cases (e.g. “Simplify complex codebases with Claude”), the blog is intended to be...
Now Deel is accusing Rippling of spying by ‘impersonating’ a customer
Deel alleges that one of Rippling’s employees “spent six months impersonating a legitimate Deel customer to gain unauthorized access to Deel’s systems to meticulously analyze, record, and copy Deel’s global products and the way Deel does business for Rippling’s own benefit and use.”
Google places another fusion power bet on TAE Technologies
TAE Technologies raised $150 million from investors including Google, Chevron, and others.
Valla raises $2.7M to make legal recourse more accessible to employees
Even for someone with a cushy tech job, the prospect of going against their company is daunting. That bothered Shell so much that in 2022, she launched Valla, which seeks to make legal support more accessible to workers.
Console raises $6.2M from Thrive to free IT teams from mundane tasks with AI
Console’s mission is to help IT teams reduce mundane, repetitive tasks, thereby freeing up time for help desk professionals to work on more strategic and sophisticated projects.
Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform
Creatify’s AdMax platform uses AI to quickly generate dozens of video advertisements, which are geared toward social media marketing
Microsoft Bing gets a free Sora-powered AI video generator
Microsoft Bing announced Monday that it is introducing the Bing Video Creator to its app, which uses OpenAI’s Sora model to let users generate videos from text prompts.
Irish fintech NomuPay lands $40M at a $290M valuation from SoftBank
As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp, at a valuation of $290 million. NomuPay makes it easier for merchants...