Here are all the companies from Y Combinator’s Summer 2021 Demo Day, Part 1 By Natasha Mascarenhas Today Y Combinator kicked off the Demo Day cycle for its Summer 2021 cohort. The collection of early-stage startups on day one-of-two alone numbered in the hundreds, meaning that we had to assemble a team here at TechCrunch just to cover it all. But before we get into notes on each company that presented, a few notes on the cohort itself. Per Y Combinator leadership, the 377 (!) startups in this cohort have founders from 47 different countries, and 37% of the founders in this cohort were from underrepresented groups (which YC’s Michael Seibel says the accelerator defines as Black, Latinx or female.) The international breakdown of the batch parallels that of this past winter. Nearly 50% of YC startups are based outside of the United States, with India, U.K. and Mexico making up the largest part of that percentage. What follows is a list of the 180+ companies in the order that they pi...
Snap just outlined its plan to fight Facebook By Karissa Bell Snap has long been known for its secretive ways. Even after going public in 2017, CEO Evan Spiegel rarely divulges much about the company publicly, save for quarterly earnings calls. But that may be starting to change. This week, the company hosted its first big public event in its history: a one-day Partner Summit, where the company announced several new features aimed at turning the messaging app into a wider platform. Snap announced new camera features, a gaming platform , new developer tools, and a new lineup of original shows. But one of the most intriguing revelations is one you'd find only from reading in between the lines of the company's news. Snap quietly walked the public through how it plans to fight Facebook at a time when the social network seems as if it will stop at nothing to completely crush Snap. Read more... More about Tech , Snapchat , Snap Inc , Tech , and Social Media Companies Ap...
Prisma Labs raises $6.7M for its AI-powered approach to visual editing By Natasha Lomas Remember Prisma? The Moscow-based team behind the app that sparked a style transfer craze in 2016 has raised a €6 million (~$6.7M) Series A, led by early stage artificial intelligence focused VC firm, Haxus. While two of Prisma’s original co-founders left the company in the middle of last year , to work on building a new social app — the still, as yet, unreleased Capture — co-founder Andrey Usoltsev stayed on to keep developing Prisma Labs, taking up the CEO role. The Series A funding will go towards expanding Prisma’s 21-strong team and scaling the business by spending on marketing to grow uptake of its apps’ premium subscription offers. These include a subscription layer for its eponymous app which gives users access to styles not available in the free version. “We’re going to grow rapidly. We’re going to double our team this year and set up the impressive marketing budget,” says Usoltsev....
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