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HomeMobileHackers pinched LastPass prospects' encrypted password vaults, guardian firm admits • TechCrunch

Hackers pinched LastPass prospects’ encrypted password vaults, guardian firm admits • TechCrunch

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What’s up, Crunchers? Good to see you once more! We’re so glad to have you ever with us. It’s been a very busy day on the positioning immediately, and Haje has been busy getting actual grumpy at Tesla for not recording the automotive crash he was in immediately. (He’s advantageous. Or not less than, as advantageous as he was earlier than the automotive crash.)  — Christine and Haje

The TechCrunch Prime 3

  • Apparently the hacker’s LastPass wasn’t really the final one: Two months after LastPass skilled a breach, we are actually studying extra about what the hackers acquired. Carly writes that the corporate’s proprietor, GoTo, says hackers stole prospects’ encrypted backups.
  • Should you like the good outside: Strava, the exercise monitoring and social group platform, acquired Fatmap, a 3D mapping platform for the good outside, to make that subsequent hike a doozy, Paul studies.
  • What’s up with WhatApp: Ivan is following a creating story about WhatsApp releasing its native macOS shopper in public beta. He writes that “till now, Mac customers needed to depend on both WhatsApp for the net or its web-based WhatsApp shopper. Each are usually not best by way of efficiency or getting a full-featured expertise.”

Startups and VC

It’s a tricky time to be a richly priced firm that didn’t go public when the getting was good. Not solely are there fewer later-stage gamers with the sources and urge for food to help such firms (e.g., SoftBank and Tiger World have pulled again dramatically), but in addition secondary buyers have even misplaced curiosity. At the very least, that’s Connie’s learn of a brand new report, in her wonderful article Opportunistic buyers are giving up on growing older pre-IPO firms.

Connie additionally reported that Cowboy Ventures closed two new funds totaling $260 million in capital commitments. The outfit garnered $140 million in commitments for its fourth flagship fund and one other $120 million for its first opportunity-type fund (its “Mustang Fund”).

And we’ve 5 extra for you:

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

A tunnel full of technology

Picture Credit: Xi Huo (opens in a brand new window) / Getty Photographs

Profitable deep tech startups and SaaS firms typically attain billion-dollar valuations in the identical time-frame.

“The median deep tech startup took $115 million and 5.2 years to change into a unicorn,” says Karthee Madasamy, managing associate at MFV Companions.

New firms on this sector raised round $600 million final yr, a steep decline from $800 million in 2021. However Madasamy says latest local weather regulation, automation and area are only a few components stirring buyers’ curiosity throughout this downturn.

“Because it turns into more and more tough to comprehend large exits within the years forward, the applied sciences inside deep tech which might be remodeling total industries supply among the solely paths to ’10x exits.’”

Three extra from the TC+ staff:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You may join right here. Use code “DC” for a 15% low cost on an annual subscription!

Large Tech Inc.

Promoting or renting a house comes with all types of enjoyable, together with having to vacate at a second’s discover and strangers strolling round your property. If there may very well be a rainbow amid the rainstorm, it’s Zillow desirous to make reserving a house tour for leases simpler. Enter its Calendly-like prompt reserving function that can be utilized with out having to get involved with anybody. Ivan writes that the function is already obtainable for 1000’s of properties and can ultimately embody the power to decide on between a digital, in-person or self-guided tour.

Now right here’s 5 extra:



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