Hackers pinched LastPass customers’ encrypted password vaults, parent company admits • TechCrunch

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What’s up, Crunchers? Nice to meet you! We are happy to have you with us. It was a really busy day on the site today, and Haje was busy getting really grumpy at Tesla for not documenting the car accident he was in today. (He’s fine. Or at least, he’s as good as he was before the car accident.) — Christine and haje

Top 3 TechCrunch

  • Apparently the hacker’s LastPass isn’t really the last one: Two months after LastPass experienced a violationWe are now learning more about what the hackers got. Carly writes that the company’s owner, GoTo, said hackers stole encrypted backups of customers.
  • If you like the great outdoors: Strava, the social community and activity tracking platform, has acquired Fatmap, a great outdoor 3D mapping platform, to make your next hike fun, Paul report.
  • What’s up with WhatsApp: Ivan is following a developing story about WhatsApp releasing its native macOS client in public beta. He writes that “so far, Mac users have had to rely on WhatsApp for the web or its web-based WhatsApp client. Neither is ideal in terms of performance or full-featured experience.”

Start-ups and VC

It’s a tough time to be a highly valued company that doesn’t list when earnings are good. Not only are few late-stage players with the resources and desire to support such companies (e.g. SoftBank and Tiger Global have pulled back significantly), but even secondary investors have lost interest. animal. At least, that is conniereading a new report, in her excellent paper Opportunity investors are abandoning old companies before the IPO.

connie also reported that Cowboy Ventures closed two new funds totaling $260 million in capital commitments. The outfit has already raised $140 million in pledges for the fourth flagship fund and another $120 million for the first chance-type fund (“its Mustang Fund”).

And we have five more for you:

A VC’s view on deep tech fundraising in Q1 2023

A tunnel full of technology

Image credits: West Lake (Opens in a new window) / Beautiful pictures

Successful deep tech and SaaS startups often hit multi-billion dollar valuations in the same time frame.

“The average deep tech startup took $115 million and 5.2 years to become a unicorn,” said Karthee Madasamy, managing partner at MFV Partners.

Newcomers in the field raised about $600 million last year, down sharply from $800 million in 2021. But Madasamy said climate regulation, automation and close spaceflight These are just some of the factors that are of interest to investors during this downturn.

“As it becomes increasingly difficult to spot the big exits in the coming years, the technologies in deep tech are transforming entire industries providing some unique paths to the ’10x exit’ .”

Three other pieces of information from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off your annual subscription!

Big tech company

Selling or renting a home comes with all sorts of fun, including having to move out immediately and strangers walking around your home. If there could be a rainbow in the middle of the rain, Zillow wants to make it easier to book a tour of a rental home. Enter it Calendly-like instant booking feature can be used without having to contact anyone. Ivan writes that the feature is already available to thousands of properties and will eventually include the ability to choose between a virtual, in-person or self-guided tour.

Now here’s another year:


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