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Entrepreneurship

SoftBank-backed construction giant Katerra said to be shutting down after raising billions

After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Information. Last year, the company claimed it had more than 8,000 employees globally. Menlo Park-based Katerra had already been struggling to [CONTINUE READING]

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Entrepreneurship

Daily Crunch: Wefox CEO says $650M Series C was ‘much more than we wanted to raise initially’

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to Daily Crunch for June 1, 2021. We’re back from a long weekend here in the United States, which means that the blog has [CONTINUE READING]

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Entrepreneurship

Cognigy raises $44M to scale its enterprise-focused conversational AI platform

Artificial intelligence is becoming an increasingly common part of how customer service works — a trend that was accelerated in this past year as so many other services went virtual and digital — and today a startup that has built a set of low-code tools to help enterprises integrate more [CONTINUE READING]

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Entrepreneurship

This Week in Apps: Poparazzi hype, Instagram drops Likes, Epic trial adjourns

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes [CONTINUE READING]