Daily Crunch: Lemonade says website security flaw that exposed customer data is ‘by design’

Comment

Image Credits: Lemonade / file photo

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

I interrupt your regularly scheduled Daily Crunch to announce that your regularly scheduled writer, one Alex Wilhelm, is out sick today. If the effects of his second shot subside by tomorrow, then he’ll be back with his commas. In the meantime, I have taken the reins and hope to be at least half as spirited. Let’s get on with it, shall we? — Henry

TechCrunch Top 3

Lemonade “DGAF”: Activist short seller Carson Block wrote a letter to the CEO of insurance marketplace Lemonade saying that he “accidentally discovered” a security flaw that exposed customers’ account data. Block told Zack that his firm is shorting the company’s stock “because it is clear Lemonade does not give a fuck about securing its customers’ sensitive personal information.” Strong words!

Google’s gotta pay in Italy: Natasha writes about the most recent European trouble Google finds itself in. Italy’s antitrust watchdog group slapped the company with a €100 million (or about US$123 million) for its Android Auto practices. Specifically, the AGCM says Google has prevented Enel X Italia, the maker of electric car charging app JuicePass, from inclusion in the platform. Google says it didn’t do anything wrong. Shrug.

Space adventures afoot: Japanese entrepreneur and billionaire Yusaku Maezawa will be passing the moon aboard a SpaceX Crew Dragon by 2023. But he can’t wait to leave Earth. So to whet his space-travel whistle, Maezawa will head to the International Space Station as a client of Space Adventures on a Russian Soyuz rocket set to take off from Kazakhstan on December 8. And he’s taking his production assistant, Yozo Hirano, with him. That’s dedication.

Startups and VC

Vietnamese flexible pay startup Nano raises $3M seed round: Nano Technologies, a startup that lets workers in Vietnam access their earned wages immediately through an app called VUI, has raised $3 million in seed funding.

Legionfarm, pairing pro gamers with amateurs, raises $6 million Series A: The gaming platform that lets gamers play with pro players in their favorite games announced a $6 million Series A round.

Chef Robotics raises $7.7M to help automate kitchens: Chef Robotics raised a combined $7.7 million pre-seed and seed round, with the goal of helping automate certain aspects of food preparation. The company says its robotics and vision system is destined to increase production volume and enhance consistency, while removing some food waste from the process. Fast casual restaurants appear to be a key focus for this sort of tech.

Sylvera grabs seed backing from Index to help close the accountability gap around carbon offsetting: The U.K.-based startup is using satellite, radar and lidar data-fueled machine learning to bolster transparency around carbon offsetting projects in a bid to boost accountability and credibility. And it’s just grabbed $5.8 million in seed funding to do it.

SpecTrust raises millions to fight cybercrime with its no-code platform: Risk defense startup SpecTrust is emerging from stealth today with a $4.3 million seed raise to “fix the economics of fighting fraud” with a no-code platform that it says cuts 90% of a business’ risk infrastructure spend that responds to threats in ���minutes instead of months.”

BluBracket nabs $12M Series A to expand source code security platform: The early-stage startup focuses on keeping source code repositories secure, even in distributed environments.

Alba Orbital’s mission to image the Earth every 15 minutes brings in $3.4M seed round: Alba Orbital raised the money to get its next satellites into orbit to provide Earth observation at intervals of 15 minutes rather than hours or days.

The hamburger model is a winning go-to-market strategy

Software startups that fail to reach product-market fit simply fade away, memorialized only by an inactive Twitter account and perhaps a stenciled sign in a now-vacant co-working space.

All product-led growth companies will reach the stage where their founders must figure out how to crack the code that allows them to vault to the next level and become a billion-dollar company. That’s where the “hamburger” go-to-market comes in.

The bottom bun is bottom-up GTM, the top bun represents enterprise sales and your product? That’s the meat.

The hamburger model is a winning go-to-market strategy

(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

Google Analytics is preparing for life after cookies by using its machine learning systems to model user behavior when cookies are not available. During her first interview as the new head of Google Analytics, Vidhya Srinivasan tells Frederic that this is the only way to go.

Amazon’s back with its Echo Buds, and this time, Brian’s not as unimpressed as he was last time. Progress! Read his review here.

When Discord launched its own Clubhouse-like voice event rooms, Stage Channels, in March, it set the stage for connecting folks to live events beyond their own communities. Today, the company announced all the pieces are in place to start helping people discover live events and the servers that host them. Think open mic nights and book clubs, says Taylor.

Elon Musk, the self-dubbed Technoking, is backpedaling on the company’s stance about bitcoin, writes Kirsten and Rebecca. The Tesla CEO announced yesterday in a tweet that he has suspended purchases of its electric vehicles with the cryptocurrency. The shift comes just weeks after the Tesla CFO said the company believes in the longevity of bitcoin, despite its volatility.

Acquisition corner: Walmart acquires virtual try-on startup Zeekit and PayPal buys returns logistics business Happy Returns.

Community

Polls are fun and we like hearing and learning from you. What have we learned this week? You’re not that excited about going back to an office, and you’re not too keen on Bird’s upcoming SPAC. Next up? Let us know what you think about Tesla’s move to pause accepting bitcoin as payment (then come chat about all of it on our Discord server).

More TechCrunch

These messaging features, announced at WWDC 2024, will have a significant impact on how people communicate every day.

At last, Apple’s Messages app will support RCS and scheduling texts

iOS 18 will be available in the fall as a free software update.

Here are all the devices compatible with iOS 18

The tests indicate there are loopholes in TikTok’s ability to apply its parental controls and policies effectively in a situation where the teen user originally lied about their age, as…

TikTok glitch allows Shop to appear to users under 18, despite adults-only policy

Lhoopa has raised $80 million to address the lack of affordable housing in Southeast Asian markets, starting with the Philippines.

Lhoopa raises $80M to spur more affordable housing in the Philippines

Former President Donald Trump picked Ohio Senator J.D. Vance as his running mate on Monday, as he runs to reclaim the office he lost to President Joe Biden in 2020.…

Trump’s VP candidate JD Vance has long ties to Silicon Valley, and was a VC himself

Hello and welcome back to TechCrunch Space. Is it just me, or is the news cycle only accelerating this summer?!

TechCrunch Space: Space cowboys

Apple Intelligence features are not available in the developer beta, which is out now.

Without Apple Intelligence, iOS 18 beta feels like a TV show that’s waiting for the finale

Apple released the public betas for its next generation of software on the iPhone, Mac, iPad and Apple Watch on Monday. You can now test out iOS 18 and many…

Apple’s public betas for iOS 18 are here to test out

One major dissenter threatens to upend Fisker’s apparent best chance at offloading its unsold EVs, a deal that would keep the startup’s bankruptcy proceeding alive and pave the way for…

Fisker has one major objector to its Ocean SUV fire sale

Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed…

Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday

Alphabet, Google’s parent company, is in advanced talks to acquire Wiz for $23 billion, a person close to the company told TechCrunch. The deal discussions were previously reported by The…

Google’s Kurian approached Wiz, $23B deal could take a week to land, source says

Name That Bird determines individual members of a species by identifying distinguishing characteristics that most humans would be hard-pressed to spot.

Bird Buddy’s new AI feature lets people name and identify individual birds

YouTube Music is introducing two new ways to boost song discovery on its platform. YouTube announced on Monday that it’s experimenting with an AI-generated conversational radio feature, and rolling out…

YouTube Music is testing an AI-generated radio feature and adding a song recognition tool

Tesla had internally planned to build the dedicated robotaxi and the $25,000 car, often referred to as the Model 2, on the same platform.

Elon Musk confirms Tesla ‘robotaxi’ event delayed due to design change

What this means for the space industry is that theory has become reality: The possibility of designing a habitation within a lunar tunnel is a reasonable proposition.

Moon cave! Discovery could redirect lunar colony and startup plays

Get ready for a prime week of savings at TechCrunch Disrupt 2024 with the launch of Disrupt Deal Days! From now to July 19 at 11:59 p.m. PT, we’re going…

Disrupt Deal Days are here: Prime savings for TechCrunch Disrupt 2024!

Deezer is the latest music streaming app to introduce an AI playlist feature. The company announced on Monday that a select number of paid users will be able to create…

Deezer chases Spotify and Amazon Music with its own AI playlist generator

Real-time payments are becoming commonplace for individuals and businesses, but not yet for cross-border transactions. That’s what Caliza is hoping to change, starting with Latin America. Founded in 2021 by…

Caliza lands $8.5 million to bring real-time money transfers to Latin America using USDC

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors.

Adaptive builds automation tools to speed up construction payments

When VanMoof declared bankruptcy last year, it left around 5,000 customers who had preordered e-bikes in the lurch. Now VanMoof is up and running under new management, and the company’s…

How VanMoof’s new owners plan to win over its old customers

Mitti Labs aims to transform rice farming in India and other South Asian markets by reducing methane emissions by 50% and water consumption by 30%.

Mitti Labs aims to make rice farming less harmful to the climate, starting in India

This is a guide on how to check whether someone compromised your online accounts.

How to tell if your online accounts have been hacked

There is a general consensus today that generative AI is going to transform business in a profound way, and companies and individuals who don’t get on board will be quickly…

The AI financial results paradox

Google’s parent company Alphabet might be on the verge of making its biggest acquisition ever. The Wall Street Journal reports that Alphabet is in advanced talks to acquire Wiz for…

Google reportedly in talks to acquire cloud security company Wiz for $23B

Featured Article

Hank Green reckons with the power — and the powerlessness — of the creator

Hank Green has had a while to think about how social media has changed us. He started making YouTube videos in 2007 with his brother, novelist John Green, at a time when the first iPhone was in development, Myspace was still relevant and Instagram didn’t exist. Seventeen years later, posting…

Hank Green reckons with the power — and the powerlessness — of the creator

Here is a timeline of Synapse’s troubles and the ongoing impact it is having on banking consumers. 

Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened

Featured Article

Helixx wants to bring fast-food economics and Netflix pricing to EVs

When Helixx co-founder and CEO Steve Pegg looks at Daisy — the startup’s 3D-printed prototype delivery van — he sees a second chance. And he’s pulling inspiration from McDonald’s to get there.  The prototype, which made its global debut this week at the Goodwood Festival of Speed, is an interesting proof…

Helixx wants to bring fast-food economics and Netflix pricing to EVs

Featured Article

India clings to cheap feature phones as brands struggle to tap new smartphone buyers

India is struggling to get new smartphone buyers, as millions of Indians don’t go for an upgrade and continue to be on feature phones.

India clings to cheap feature phones as brands struggle to tap new smartphone buyers

Roboticists at The Faboratory at Yale University have developed a way for soft robots to replicate some of the more unsettling things that animals and insects can accomplish — say,…

Meet the soft robots that can amputate limbs and fuse with other robots

Featured Article

If you’re an AT&T customer, your data has likely been stolen

This week, AT&T confirmed it will begin notifying around 110 million AT&T customers about a data breach that allowed cybercriminals to steal the phone records of “nearly all” of its customers. The stolen data contains phone numbers and AT&T records of calls and text messages during a six-month period in…

If you’re an AT&T customer, your data has likely been stolen