To get a roundup of TechCrunch’s largest and most essential tales delivered to your inbox on daily basis at Three p.m. PDT, subscribe right here.
Christine is again from every week of creating the world a greater place, and now she’s right here to assist make this a greater publication as properly. Huzzah! — Christine and Haje
The TechCrunch High 3
- The place there was as soon as sunshine has now light to darkness: Hundreds of Solana customers discovered their wallets have been drained of collectively round $eight million, Rita and Carly write. The hack is barely affecting “scorching” wallets, the pair report. Trade consultants say this will have been a privateness key compromise. We’re positive there might be extra on this later.
- Ping finds itself in acquainted territory: Ping Identification, a public enterprise id administration agency, has agreed to be acquired by the non-public fairness agency Thoma Bravo, Ingrid reviews. This isn’t Ping’s first publicity to PE involvement. It was majority-owned by Vista Fairness, which retains a minority stake within the firm. Thoma Bravo has been on a shopping for streak recently, additionally choosing up each SailPoint and Anaplan this 12 months.
- Buying and selling locations: We return to Rita, who writes about Salesforce looking at its presence in China. Among the many adjustments are the closing of its Hong Kong workplace and the acceleration of Salesforce’s relationship with Alibaba, which incorporates serving to corporations set up a social commerce presence.
Startups and VC
L’Angle Ventures introduced in the present day that it has closed on its first institutional fund, elevating greater than $100 million from a number of monetary providers heavyweights, together with a “strategic anchor funding” from JPMorgan Chase, Mary Ann reviews.
Playstudios, a publicly traded cellular gaming platform and developer, is venturing into the web3 world with a brand new blockchain division and funding fund. The gaming entity introduced a $10 million funding automobile, Future Fund, to again corporations constructing rewarded play choices, Jacquelyn reviews.
Keepin’ the startup prepare rollin’:
Expensive Sophie: How lengthy am I required to remain at my present job after I get my inexperienced card?
Picture Credit: Bryce Durbin/TechCrunch
Expensive Sophie,
I’m a software program engineer at the moment on an H-1B. My employer sponsored me for an EB-2 inexperienced card, and my software has been accredited, however I’m nonetheless ready for a choice on my software to register for everlasting residence.
I need to go away my employer and do one thing utterly totally different. Can I switch my inexperienced card to a different employer in a unique subject and place, or ought to I stick it out in my present place till I obtain my inexperienced card?
If I ought to stick it out, how lengthy ought to I stick with my present employer after I obtain my inexperienced card?
— Craving Change
(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You’ll be able to enroll right here.)
Massive Tech Inc.
Uber and Omio be a part of forces within the UK in order that customers can guide trains, coaches and bus journey, Natasha L reviews. The ride-hailing large sees this as a method to not solely get into longer distance journey, but in addition to seize, or recapture, vacationers transferring between totally different types of transportation. In different Uber information, it seems the corporate has now concluded its partnership with Indian meals supply agency Zomato, Manish writes.
Staying over in India for a second, Manish additionally reviews that the federal government is withdrawing its private information safety invoice. This was some laws that privateness advocates and tech giants weren’t followers of, primarily as a result of they felt it restricted how they managed delicate info whereas additionally enabling the federal government to extra simply entry the identical info.
Talking of partnerships, Ticketmaster and TikTok now have one to offer customers with a brand new method to uncover and buy occasion tickets, Aisha writes. This function is initially for sure creators who can seek for Ticketmaster occasions and add vacation spot hyperlinks to their movies. Ivan additionally reviews that ByteDance could be gearing up for a worldwide launch of TikTok Music.
You might also need to “byte” into these:
