New numbers illustrate how fast fundraising has changed for young startups

Fundraising is never easy, but it’s even harder when the goal posts are being moved around. Such is the challenge facing today’s youngest startups, which are looking at very different fundraising metrics than new startups did just six or seven years ago. We explored the issue yesterday with Peter Wagner, who spent more than 14 years with Accel as a managing partner before co-founding the early-stage firm Wing Venture Capital in 2013 with another veteran investor, Gaurav Garg, formerly of Sequoia Capital. Wagner has an obvious interest in how rounds are changing.…

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Catalyst brothers find capital success with $2.4M from True

Over the past few years, the old language of “customer support” has been supplanted by the new language of “customer success.” In the old model, companies would essentially disappear following the conclusion of a sale, merely handling customer problems when they arose. Now, companies are actively reaching out to customers, engaging them with education and training and monitoring them with analytics to ensure they have the best time with the product as possible. What’s changing is the nature of product and services today: subscription. Customers no longer just make a…

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Delivery robotics company Marble raises $10 million, with plans to move beyond food

San Francisco-based robotics company Marble announced this morning that it’s just closed a $10 million Series A. The round, which involves the likes of Tencent, Lemnos, Crunchfund and Maven, brings the startup’s total funding to $15 million. In press material tied to the announcement, Marble’s careful not to get hung up on the whole food delivery label that’s been hung on the company since its early days. Instead, Marble’s now referring to itself as “the last-mile logistics company,” a catchy title that points to its broader ambitions to help meet…

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Drink-a-day startup Hooch adds a perk-filled premium membership plan

Hooch, the subscription startup that allows members to claim one free drink per day from hundreds of different bars and restaurants, is adding a new membership level called Hooch Black. Signing up for Hooch Black will cost you significantly more than the regular subscription — instead of $9.99 per month, it’s $295 per year. And you don’t just get in automatically; you actually need to fill out an application. But in exchange for that money and work, Hooch Black members get access to a variety of perks (on top of…

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In the NYC enterprise startup scene, security is job one

While most people probably would not think of New York as a hotbed for enterprise startups of any kind, it is actually quite active. When you stop to consider that the world’s biggest banks and financial services companies are located there, it would certainly make sense for security startups to concentrate on such a huge potential market — and it turns out, that’s the case. According to Crunchbase, there are dozens of security startups based in the city with everything from biometrics and messaging security to identity, security scoring and…

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Up-and-coming enterprise startups in NYC

New York City has an incredible density of up-and-coming enterprise-focused startups. While the winners are publicized and well-known, we felt it was time to put a bit of a spotlight on younger companies, ones you may not have heard about yet, but are likely to in the coming years. TechCrunch asked two dozen founders, venture capitalists, and other community members which companies — other than ones they are directly connected to — they thought were most likely to change the enterprise world in the coming years. From a list of…

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Full-Metal Packet is hosting the future of cloud infrastructure

Cloud computing has been a revolution for the data center. Rather than investing in expensive hardware and managing a data center directly, companies are relying on public cloud providers like AWS, Google Cloud, and Microsoft Azure to provide general-purpose and high-availability compute, storage, and networking resources in a highly flexible way. Yet as workflows have moved to the cloud, companies are increasingly realizing that those abstracted resources can be enormously expensive compared to the hardware they used to own. Few companies want to go back to managing hardware directly themselves,…

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Timescale is leading the next wave of NYC database tech

Data is the lifeblood of the modern corporation, yet acquiring, storing, processing, and analyzing it remains a remarkably challenging and expensive project. Every time data infrastructure finally catches up with the streams of information pouring in, another source and more demanding decision-making makes the existing technology obsolete. Few cities rely on data the same way as New York City, nor has any other city so shaped the technology that underpins our data infrastructure. Back in the 1960s, banks and accounting firms helped to drive much of the original computation industry…

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Crypto-collectibles and Kitties marketplace Rare Bits raises $6M

Rare Bits wants to be eBay for the blockchain, where you buy, sell and trade non-fungible crypto-goods. After CryptoKitties raised $12 million from Andreessen Horowitz last month for its digital collectibles game, there’s been an explosion of interest in the space. But without a popular marketplace, it’s hard to find the goods you want at the right price. Now a team of former Zynga staffers is building out the Rare Bits crypto-collectible auction and commerce site with a $6 million round led by Nabeel Hyatt at Spark Capital, and joined by First…

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