Tech
SNAK Venture Partners raises $50M fund to back vertical marketplaces
SNAK Venture Partners announced Wednesday the close of its oversubscribed $50 million debut fund, anchored by the investment firm Pritzker Group (founded by Illinois governor JB Pritzker and his brother, Tony).
SNAK founders Sonia Nagar and Adam Koopersmith worked at the firm and helped lead investments in companies like the auto marketplace Backlot Cars and TicketsNow (exited to Ticketmaster). The duo decided to break out on their own and, earlier this year, launched their firm to back digital marketplaces.
“It felt like the timing was right and there was support within the firm to go do this,” Nagar said.
The vision is that there is still so much to digitize, like in supply chain and construction, and this is the moment to strike because even holdout industries are more comfortable adopting new technology as fintech architecture advances.
“If you look at the biggest venture wins over the last decade,” she said, pointing to the likes of Uber, Instacart, and Airbnb, “those are five of the top 10 outcomes in venture.” As in those companies that raised billions from investors, went on to IPO, and returned millions to them.
“Most of those wins were in consumer, which tends to be faster-moving than large enterprises,” Nagar continued. “We think there’s a ton of white space to double down and focus on B2B marketplaces.” Looking specifically for the categories that haven’t yet digitized.
The firm has already invested in six companies, including Big Rentals and Repackify, focused on equipment rental and packaging logistics, respectively. Nagar said the firm hopes to overall write seed checks into at least 20 companies, at $1 million to $2 million a pop. She said they hope to deploy the entire fund within the next 3 to 4 years.
Techcrunch event
Boston, MA
|
June 23, 2026
Though many new funds are struggling to raise capital (and capital remains concentrated at the top), Nagar said she and Koopersmith were able to lean on their backgrounds when wooing LPs.
Nagar previously helped launch Amazon apparel back in 2009, and was head of mobile at RetailMeNot. Koopersmith, meanwhile, spent 20 years at Pritzker Group and serves on the board of various marketplace companies. At the same time, Nagar said that without Pritzker’s support, it would have been quite hard to raise this fund, especially in last year’s environment.
Other LPs in their fund include the State of Illinois Growth and Innovation Fund and executives from other marketplace companies, like Favor Delivery and RetailMeNot.
Nagar said the firm is also location-agnostic, recognizing that the still-hidden marketplaces may not be found only in Silicon Valley and New York City. “We’re finding these overlooked founders in places where maybe other funds aren’t looking,” she said.
SNAK is itself based in Chicago, which she said some LPs have questioned. “People perceive that as a disadvantage; we view it as an advantage,” she continued. “We can get to everybody very fast.”
Tech
Databricks bought two startups to underpin its new AI security product
With an overflowing war chest from its $5 billion raise that closed last month (not to mention billions in revenue), Databricks is acquiring.
The company, best known for its cloud data analytics platform, announced on Tuesday that it was launching a new security product called Lakewatch. Lakewatch takes Databricks’ ability to store massive amounts of data and performs classic Security Information and Event Management (SIEM) tasks, like detecting and investigating threats. Only it does so with the help of AI agents powered by Anthropic’s Claude.
Databricks bought two startups to underpin this new product: Antimatter, in an undisclosed-until-now deal that closed last year, and SiftD.ai, in a deal that flew together over the last couple of weeks and closed on Monday, the company told TechCrunch.
Terms were not disclosed for either deal. Antimatter, founded by security researcher Andrew Krioukov, raised $12 million led by New Enterprise Associates in 2022, according to PitchBook estimates. If tiny SiftD.ai had raised money, PitchBook wasn’t aware.
SiftD.ai was so young, it had only launched its product in November: an interactive notebook (like a Jupyter notebook) intended to be a tool where people and agents worked together. The Databricks team knew the startup’s co-founder CEO Steve Zhang from his many years as chief scientist at Splunk (through 2021). He created the Search Processing Language while there. (His LinkedIn also says he was CTO of Astronomer, of the Coldplay CEO scandal, but left there in 2023 before founding SiftD.)
Both of these acquisitions were of small startups — only a few people in SiftD’s case and less than 50 for Antimatter, according to LinkedIn. SiftD appears to be an acqui-hire. With Antimatter, Databricks probably gained some IP, too. Krioukov had demonstrated Antimatter’s tech onstage in 2024 at RSA’s Innovation Sandbox Contest. Antimatter was working on a “data control plane” tool that allowed enterprises to deploy agents securely, while protecting sensitive data.
While Databricks declined to say how many employees it acquired, it confirmed that the startups’ employees did join the company. Krioukov, who’s been at Databricks for months now, is leading the Lakewatch team.
Techcrunch event
San Francisco, CA
|
October 13-15, 2026
We asked Databricks if it was going to keep shopping for startups and a spokesperson essentially said, yes, that it continuously has its feelers out. “We’re always looking to what’s next — our goal is to stay ahead of the market and close gaps in what our customers need,” the spokesperson said.
Tech
Spotify tests new tool to stop AI slop from being attributed to real artists
At a time when AI slop is flooding music streaming platforms, Spotify is beta testing a new “Artist Profile Protection” feature that allows artists to review releases before they go live on their profiles. The idea behind the new tool is to give artists more control over which tracks are associated with their name on the streaming service.
“Music has been landing on the wrong artist pages across streaming services, and the rise of easy-to-produce AI tracks has made the problem worse,” Spotify wrote in a blog post. “That’s not the experience we want artists to have on Spotify, and that’s why we’ve made protecting artist identity a top priority for 2026. Today, we’re announcing a first-of-its-kind solution to a problem that’s affected streaming for years.”
Artists in the beta have the ability to review and approve or decline releases delivered to Spotify. Only the releases that they approve will appear on their artist profile, contribute to their stats, and show up in users’ recommendations.
Spotify’s announcement comes a week after Sony Music said that it has requested the removal of more than 135,000 AI-generated songs impersonating its artists on streaming services.

Spotify says that while open distribution has made it easier for independent artists to release music, it also creates opportunities for mistakes and bad actors. Tracks can end up on the wrong artist’s profile due to metadata errors, confusion between artists with the same name, or malicious attempts to attach music to an artist’s profile.
“When that happens, it can impact your catalog, your stats, your Release Radar, and how fans discover your music,” Spotify explains. “We know how frustrating this can be for both artists and fans alike and one of the top requests we’ve heard from artists over the past year is that you want more visibility before music appears under your name.”
Spotify notes that while the new feature isn’t necessary for every artist, it’s designed for artists who have experienced repeated incorrect releases, have a common artist name, or want more control over what appears on their profile.
Artists who are included in the beta will see the feature in their “Spotify for Artists” settings on desktop and mobile web. If they turn “Artist Profile Protection” on, they’ll receive an email notification when music is delivered to Spotify with their name attached to it. From there, they can approve or decline the request.
Tech
Anthropic hands Claude Code more control, but keeps it on a leash
For developers using AI, “vibe coding” right now comes down to babysitting every action or risking letting the model run unchecked. Anthropic says its latest update to Claude aims to eliminate that choice by letting the AI decide which actions are safe to take on its own — with some limits.
The move reflects a broader shift across the industry, as AI tools are increasingly designed to act without waiting for human approval. The challenge is balancing speed with control: too many guardrails slows things down, while too few can make systems risky and unpredictable. Anthropic’s new “auto mode,” now in research preview — meaning it’s available for testing but not yet a finished product — is its latest attempt to thread that needle.
Auto mode uses AI safeguards to review each action before it runs, checking for risky behavior the user didn’t request and for signs of prompt injection — a type of attack where malicious instructions are hidden in content that the AI is processing, causing it to take unintended actions. Any safe actions will proceed automatically, while the risky ones get blocked.
It’s essentially an extension of Claude Code’s existing “dangerously-skip-permissions” command, which hands all decision-making to the AI, but with a safety layer added on top.
The feature builds on a wave of autonomous coding tools from companies like GitHub and OpenAI, which can execute tasks on a developer’s behalf. But it takes it a step further by shifting the decision of when to ask for permission from the user to the AI itself.
Anthropic hasn’t detailed the specific criteria its safety layer uses to distinguish safe actions from risky ones — something developers will likely want to understand better before adopting the feature widely. (TechCrunch has reached out to the company for more information on this front.)
Auto mode comes off the back of Anthropic’s launch of Claude Code Review, its automatic code reviewer designed to catch bugs before they hit the codebase, and Dispatch for Cowork, which allows users to send tasks to AI agents to handle work on their behalf.
Techcrunch event
San Francisco, CA
|
October 13-15, 2026
Auto mode will roll out to Enterprise and API users in the coming days. The company says it currently only works with Claude Sonnet 4.6 and Opus 4.6, and recommends using the new feature in “isolated environments” — sandboxed setups that are kept separate from production systems, limiting the potential damage if something goes wrong.
