Daily Crunch: Hackers stole encrypted password vaults of LastPass customers, parent company admits

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What’s up, Crunchers? Nice to see you again! We are very happy to have you with us. It’s been a very busy day on the site today, and Hedge is busy getting real mad at Tesla That was today for not recording the car accident. (He’s fine. Or at least as fine as he was before the car accident.) — Christine And He came

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TechCrunch Top 3 Apparently the hacker’s LastPass wasn’t really the last: Two months after LastPass experienced a breach, we’re now learning more about the hackers. carly Writes that company owner GoTo says hackers stole encrypted backups of customers. If you love the great outdoors: Strava, the activity tracking and social community platform, acquired Phatmap, a 3D mapping platform for the great outdoors, to make the next hike a breeze. Paul Report. What’s up with WhatsApp: Ivan WhatsApp is following a developing story about the release of its native macOS client into public beta. He writes that “Up until now, Mac users had to rely on WhatsApp for the web or its web-based WhatsApp client. Neither are ideal in terms of performance or getting a full-featured experience. Startups and VCs

It’s a tough time to be a richly priced company that didn’t go public at a time of good realizations. Not only are there fewer later-stage players with the resources and appetite to back such companies (eg, SoftBank and Tiger Global have pulled back dramatically), but secondary investors have lost interest as well. at least he is connieRead a new report, in its excellent article Opportunistic Investors Are Abandoning Aging Pre-IPO Companies.

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connie Also reported that Cowboy Ventures closed two new funds totaling $260 million in capital commitments. The organization earned commitments of $140 million for its fourth major fund and $120 million for its first opportunity-type fund (its “Mustang Fund”).

And we have five more for you:

VC’s perspective on deep tech fundraising in Q1 2023

Image credit: Xi Huo (Opens in a new window) / Getty Images

Successful deep tech startups and SaaS companies typically reach billion-dollar valuations in the same time frame.

“On average, it takes a deep tech startup $115 million and 5.2 years to become a unicorn,” says Karthi Madasamy, managing partner, MFV Partners.

New companies in this space raised about $600 million last year, a sharp decline from the $800 million expected in 2021. But Madasamy says recent climate regulation, automation and space are just some of the factors driving investor interest this fall.

“As it becomes increasingly difficult to realize large exits in the coming years, the technologies within Deep Tech that are transforming entire industries offer some of the only paths to ’10x exits’.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use the code “DC” for 15% off annual membership!

Big Tech Inc.

Selling or renting a home comes with all kinds of fun, including having to vacate at a moment’s notice and strangers walking around your house. If there can be a rainbow in the midst of rain, it’s Zillow that wants to make booking home tours for rent as easy as possible. Enter its calendar-like instant booking facility that can be used without getting in touch with anyone. Ivan writes that the feature is already available for thousands of properties and will eventually include the ability to choose between virtual, in-person or self-guided tours.

Now here are five more:





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