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Group-edited weblog about technology start-ups, particularly the Web 2.0 sector.



As Q3 kicks off, four more companies join the $100M ARR club  

Welcome back to our $100 million annual recurring revenue (ARR) series, in which we take irregular looks at companies that have reached material scale while still private. The goal of our project is simple: uncovering companies of real worth beyond how they are valued by private investors. The Exchange is a daily look at startups […]

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2020-07-03 10:36:53



How Have I Been Pwned became the keeper of the internet's biggest data breaches  

When Troy Hunt launched Have I Been Pwned in late 2013, he wanted it to answer a simple question: Have you fallen victim to a data breach? Seven years later, the data-breach notification service processes thousands of requests each day from users who check to see if their data was compromised — or pwned with […]

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2020-07-03 09:30:37



Dating app S'More adds blurred video calling and launches in LA  

The pandemic hasn’t slowed down dating app S’More — at least according to CEO Adam Cohen-Aslatei, who said that the app’s daily active user count doubled in March and hasn’t gone down since. “When people are working form home, they have much more time to dedicate to their relationships,” Cohen-Aslatei told me. The app (whose […]

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2020-07-03 08:09:56



The UK government to acquire satellite company OneWeb in deal funded in part by India's Bharti Global  

Distressed satellite constellation operator OneWeb, which had entered bankruptcy protection proceedings at the end of March, has completed a sale process, with a consortium led by the UK Government as the winner. The group, which includes funding from India’s Bharti Global - part of business magnate Sunil Mittal’s Bharti Enterprises - plan to pursue OneWeb’s […]

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2020-07-03 06:46:32



Intel to invest $253.5 million in India's Reliance Jio Platforms  

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook, General Atlantic, and Silver Lake that have backed India's top telecom operator in recent months. The American chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a […]

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2020-07-03 05:35:55



US plans to rollback special status may erode Hong Kong's startup ecosystem  

Depending on the extent of the United States' rollbacks on special status, a lot of Hong Kong's appeal to American tech companies and talent may be eroded.

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2020-07-03 05:10:45



When life gives you lemons, print money with Lemonade  

Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. Before we dive in, don’t forget that the show is on Twitter now, so follow us there if you want to see discarded headline ideas, outtakes from the that got cut, and more. It’s fun! Back to task, […]

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2020-07-03 04:31:48



Lime puts Jump bikes back on London streets  

Jump bikes are returning to London — this time through its new owner Lime . London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime raised $170 million in a funding round led by Uber, along with […]

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2020-07-03 04:11:01



Sprint 5G is no more, as T-Mobile focuses on its own network  

A day after formally completing the sale of Boost, Virgin and other Sprint prepaid networks to Dish, T-Mobile is pulling the plug on Sprint 5G. The move is one in a long list of issues that need sorting out in the wake of April's $26.5 billion merger. And like a number of other moves, it's […]

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2020-07-02 20:50:22



India's richest man takes on Zoom  

India's Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing. On Thursday evening, the firm — backed by Mukesh Ambani, India's richest man — formally launched JioMeet, its video-conference service that looks uncannily like Zoom. Like Zoom and Google Meet, JioMeet offers unlimited number […]

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2020-07-02 20:46:02



Ford taps Disney Media Works to mark the return of the Bronco SUV  

Ford is teaming up with Disney Media Networks to mark the return of its iconic Bronco SUV through a series of short films that will be broadcast across a number of cable and digital properties including ABC, ESPN, National Geographic and Hulu. The strategy — prompted by COVID-19 shutdowns — is a departure for Ford, […]

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2020-07-02 18:08:08



Extra Crunch Live: Join Jason Green of Emergence Capital for a live Q&A on July 9 at 2 pm EDT/11 am PDT  

2020 may feel so far like the year of living dangerously, but for many of us it has also been the year of working remotely. Led by the stick of COVID-19 rather than the carrot of the benefits of more flexible work life, a lot of organizations, and the people who power them, have only […]

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2020-07-02 15:30:25



Project M acquires punk rock satire site The Hard Times  

Matt Saincome knows that compared to many of the startup acquisitions that we write about on TechCrunch, selling a website for a little over $1 million (mostly cash, with a little stock) isn’t a huge deal. “But in the world of punk comedy media? Whoo boy!” he said. Saincome is happy to poke fun at […]

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2020-07-02 15:25:59



Let's stop COVID-19 from undoing diversity gains  

As COVID-19 turned up the pressure for businesses around the world, that progress came under threat, with D&I initiatives taking a back seat

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2020-07-02 13:46:05



DoubleVerify names adtech exec Mark Zagorski as new CEO  

Ad measurement company DoubleVerify announced this morning that it has a new CEO: Mark Zagorski, who was most recently president and COO of adtech company Rubicon Project. DoubleVerify’s previous CEO Wayne Gattinella stepped down earlier this year following a troubling New York Post report claiming that he had been engaged in an extramarital affair with […]

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2020-07-02 13:31:47



Police roll up crime networks in Europe after infiltrating popular encrypted chat app  

Hundreds of alleged drug dealers and other criminals are in custody today after police in Europe infiltrated an encrypted chat system reportedly used by thousands to discuss illegal operations. The total failure of this ostensibly secure method of communication will likely have a chilling effect on the shadowy industry of crime-focused tech. “Operation Venetic” was […]

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2020-07-02 11:59:28



High-flying IPOs for Lemonade and Accolade may encourage other unicorns to go public  

If you'd predicted in late March and early April that Q3 would kick off with a wide-open IPO market that had receptive investors, I doubt anyone would have believed you.

what do you think?

2020-07-02 11:55:05



QuestDB nabs $2.3M seed to build open source time series database  

QuestDB, a member of the Y Combinator summer 2020 cohort, is building an open source time series database with speed top of mind. Today the startup announced a $2.3 million seed round. Episode1 Ventures led the round with assistance from Seedcamp, 7percent Ventures, YCombinator, Kima Ventures and several unnamed angel investors. The database was originally […]

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2020-07-02 11:27:53



Are virtual concerts here to stay?  

The COVID-19 pandemic pushed the music industry to experiment seriously with virtual concerts. Historically, musicians and their managers have been careful about challenging the traditional concert model that became their main source of income as revenue from album sales disappeared. Is the current surge of virtual concerts here to stay or will it be abandoned […]

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2020-07-02 10:10:45



Walmart partners with Tribeca to turn 160 store parking lots into drive-in theaters  

Just ahead of the Fourth of July weekend, Walmart announced a partnership with Tribeca Enterprises (most notably the purveyors of the film festival of the same name) that's set to convert 160 store locations into makeshift drive-in movie theaters. The move is an extension of the existing Tribeca-led Drive-In program that has already announced events […]

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2020-07-02 09:52:29



Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path  

Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said Thursday it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. The company said it was able to raise $150 million in private investment in […]

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2020-07-02 09:34:41



Festo's latest biomimetic robots are a flying feathered bird and ball-bottomed helper arm  

You could be excused for thinking that German robotics company Festo does nothing but put together fabulous prototype robots built to resemble kangaroos, jellyfish, and other living things. They do in fact actually make real industrial robots, but it’s hard not to marvel at their biomimetic experiments; Case in point, the feathered BionicSwift and absurd […]

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2020-07-02 09:31:18



Top LA investors discuss the city's post-COVID-19 prospects  

When it comes to venture capital, Los Angeles is a city on the rise. In the past year, it’s seen one of the most profitable venture-backed exits of any tech ecosystem (with the $4 billion sale of Honey to PayPal) and investors are minting billion-dollar companies in the region at a torrid pace. It’s also […]

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2020-07-02 08:46:03



Why I flip-flopped on opposing remote work  

While it's tempting to call this a pivot, those who have worked with me would probably describe it more accurately as a flip-flop.

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2020-07-02 08:08:50



Uber adds another independent director to its board: Flex CEO Revathi Advaithi  

Uber has a new, independent board member, shows a new SEC filing: CEO Revathi Advaithi of 51-year-old Flex, which is among the world's largest electronic manufacturers and competes against Taiwan's Foxconn Technology. Advaithi, a mechanical engineer who grew up in India with four sisters, was appointed to the top job in February of last year […]

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2020-07-02 07:24:05



Tesla delivered 90,650 vehicles in second quarter, a smaller-than-expected decline  

Tesla said Thursday that it delivered 90,650 vehicles in the second quarter, a 4.8% decline from the same period last year prompted by challenges caused by the COVID-19 pandemic that included suspending production for weeks at its main U.S. factory. Tesla still managed to beat expectations despite the headwinds. The vast majority of deliveries — […]

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2020-07-02 06:39:03



'Westworld' creators are developing a 'Fallout' TV series for Amazon  

“Fallout,” the post-apocalyptic video game franchise published by Bethesda Softworks, is being turned into a TV series by Kilter Films, the production company of Jonathan Nolan and Lisa Joy. The series, which began in 1997, takes place in an alternate future with a retro tone, after a nuclear war has turned most of the world […]

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2020-07-02 05:44:09



Apple launches an online portal for Apple Card account holders  

Apple today has launched an online portal for its Apple Card credit card, allowing account holders to manage their balances, view statements, schedule payments and more. The portal, card.apple.com, will be particularly useful in case you lose or misplace your iPhone and need to manage your card or pay your bill. In the past, you […]

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2020-07-02 05:42:51



Facebook is shutting down Lasso, its TikTok clone  

Facebook is no longer betting on Lasso, an app it launched a year and a half ago, to take on TikTok . The social juggernaut’s TikTok clone is shutting down on July 10, Lasso alerted users on Wednesday. Launched in late 2018, Lasso was seen as Facebook's answer to TikTok that’s gained ground with young users, […]

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2020-07-02 05:36:08



Daily Crunch: Apple and Google block banned apps in India  

Banned Chinese apps are beginning to disappear from India’s app stores, Palantir is raising more funding and Venmo starts testing Business Profiles. Here’s your Daily Crunch for July 2, 2020. 1. Apple and Google block dozens of Chinese apps in India Two days after India blocked 59 apps developed by Chinese firms, Google and Apple […]

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2020-07-02 04:59:14



Apple and Google block dozens of Chinese apps in India  

Two days after India blocked 59 apps developed by Chinese firms, Google and Apple have started to comply with New Delhi’s order and are preventing users in the world’s second largest internet market from accessing those apps. UC Browser, Shareit, and Club Factory and other apps that India has blocked are no longer listed on […]

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2020-07-02 04:49:14



A vulnerability in some bitcoin wallets leads to double spend attacks and inflated balance  

ZenGo, a startup that is building a mobile cryptocurrency wallet, has discovered a vulnerability in some of the most popular cryptocurrency wallets, such as hardware wallet Ledger, BRD and Edge. Named BigSpender, the vulnerability might lead to an incorrect balance on your wallet as unconfirmed transactions are taken into account in your total balance. The […]

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2020-07-02 04:41:24



Zetwerk, an Indian B2B marketplace for manufacturing items, raises $21 million  

Zetwerk, an Indian business-to-business marketplace for manufacturing items, has raised $21 million in a new financing round as it looks to scale its operations in the nation and help local businesses find customers overseas. San Francisco-based investment firm Greenoaks led the two-year-old Indian startup's Series C financing round. Existing investors Accel, Kae Capital, Lightspeed and […]

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2020-07-02 04:32:27



SEC filing indicates big data provider Palantir is raising $961M, $550M of it already secured  

Palantir, the sometimes controversial, but always secretive, big data and analytics provider that works with governments and other public and private organizations to power national security, health and a variety of other services, has reportedly been eyeing a public listing this autumn. But in the meantime it’s also continuing to push ahead in the private […]

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2020-07-02 04:18:37



OurPeople, the team communication and engagement platform, raises $2M  

OurPeople, the U.K. startup that’s built a team communication and engagement platform for desk-less workers, has raised $2 million in Series A funding. Leading the round is Alpine Meridian, an investment firm that specialises in digital media, e-commerce and healthcare, and entrepreneur Robert Neveu, who also joins OurPeople as managing partner. It brings total funding […]

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2020-07-02 03:37:43



Berkeley's Innovative Genomics Institute is rolling out a spit test for COVID-19 testing  

Scientists from the University of California, Berkeley, have begun trials of a new spit test for COVID-19 infections developed by the university’s Innovative Genomics Institute. Since the disease was first identified on U.S. shores, the Berkeley research institute led by the trailblazing CRISPR researcher Jennifer Doudna has worked tirelessly to bring innovative methods to diagnose […]

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2020-07-02 03:23:16



Meet BukuWarung, the bookkeeping app built for Indonesia's 60 million “micro-merchants”  

In Indonesia, there are about 60 million “micro-merchants,” typically small store owners who sell food and other staple items, and have close relationships with their customers. Many often extend informal lines of credit to shoppers, but much of their financial tracking is still done with pen and paper ledgers. Chinmay Chauhan and Abhinay Peddisetty, the […]

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2020-07-02 03:14:29



Get your pitchdeck critiqued by Accel's Amy Saper and Bessemer's Talia Goldberg at Early Stage  

The art of the pitchdeck. Few things are more critical to the success of startups seeding capital. And make no mistake, it is an art. At TechCrunch Early Stage, our two-day virtual event focused on giving entrepreneurs all the resources they need to build incredible, high-growth early stage companies, we have plenty of content dedicated […]

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2020-07-02 03:06:58



Pioneering CRISPR researcher Jennifer Doudna is coming to Disrupt  

Jennifer Doudna, a woman whose work has triggered the explosion in innovation in the field of synthetic biology and has given researchers around the world a way to program and reprogram the living world, will be speaking at Disrupt in September. From her positions as the Chancellor’s Chair Professor in the University of California, Berkeley’s […]

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2020-07-02 03:04:46



Growth capital investor Kennet raises $250M fund, backed by Edmond de Rothschild  

Venture capital is "not the only fruit" for entrepreneurs, as the often quieter 'Growth Capital' can also see great returns for entrepreneurs who prefer to retain a lot of ownership and control but are also willing to bootstrap over a longer period in order to reach revenues and profits. With the COVID-19 pandemic pushing millions […]

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2020-07-02 02:53:06



Lemonade and Accolade open sharply higher as public markets rally  

Despite today’s bucket of plus-and-minus economic data, stocks are heading higher in regular trading. And among the shares rising the most are today’s two venture-backed IPOs: Lemonade and Accolade. TechCrunch wrote this morning that the firms’ aggressive IPO pricing arcs boded well for the IPO market itself, that investors were willing to price growth-y shares […]

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2020-07-02 02:15:45



Facebook discovers it shared user data with at least 5,000 app developers after a cutoff date  

Facebook says it accidentally allowed around 5,000 developers to access data from their app’s inactive users, even though that access should have been cut off. The company explained on Wednesday it recently discovered an issue that had allowed app developers to continue receiving this information beyond the 90 days of inactivity that is meant to […]

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2020-07-02 02:03:45



The great stink in software pipelines  

While contemporary software failures won't cause cholera outbreaks or emit the rancid smells of the past, they reek of devastation, rendering billions of dollars lost and millions of developer hours wasted each year. 

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2020-07-02 01:57:40



Dish closes Boost Mobile purchase, following T-Mobile/Sprint merger  

T-Mobile today announced that it has closed a deal that divests Sprint's pre-paid businesses, including Boost and Virgin Mobile. The news finds Dish entering the wireless carrier game in earnest, courtesy of the $1.4 billion deal. The whole thing was, of course, a key part of T-Mobile's bid to merge with Sprint. It was a […]

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2020-07-01 20:58:10



Student-led accelerator Envision is shaking up which startups get funded  

Meet Envision, a new startup accelerator. The group, built and run by a collection of students and recent graduates, just closed the application process for its first cohort of startups. Its goal isn’t merely to find some companies and give them a boost, however. According to Annabel Strauss and Eliana Berger, two co-founders of Envision, […]

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2020-07-01 18:47:23



TuSimple kicks off plan for a nationwide self-driving truck network with partners UPS, Xpress and McLane  

Self-driving trucks startup TuSimple laid out a plan Wednesday to create a mapped network of shipping routes and terminals designed for autonomous trucking operations that will extend across the United States by 2024. UPS, which owns a minority stake in TuSimple, carrier U.S. Xpress, Penske Truck Leasing and Berkshire Hathaway’s grocery and food service supply […]

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2020-07-01 14:41:29



VCs see much to like in Democrats' $1.5 trillion Moving Forward Act  

“The Moving Forward Act reads like a $1.5 trillion validation of our fund’s thesis — that upgrading cities and related infrastructure is key to fighting the existential threat of climate change and improving lives,” said Stonly Baptiste, co-founder and partner at venture capital fund Urban Us. Democrats in Congress are wrestling with the twin problems […]

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2020-07-01 13:42:34



Instagram's latest test puts all Stories on one page  

Instagram Stories has grown to become one of Facebook’s best products to date. As of last year, roughly half of Instagram’s users — or 500 million people — were interacting with Stories on a daily basis. That’s nearly double the entire daily active user base of all of Snapchat, which first popularized the Stories format. […]

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2020-07-01 13:05:41



Minneapolis-based VC shop Bread & Butter focuses on its own backyard  

While many investors say sheltering in place has broadened their appetite for funding companies located outside major hubs, one firm is doubling down on backing startups in America’s heartland. Launched in 2016 by Brett Bohl, The Syndicate Fund rebranded to Bread & Butter Ventures earlier this month (a reference to one of Minnesota's many nicknames). […]

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2020-07-01 12:48:20



AR 1.0 is dead: Here's what it got wrong  

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups […]

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2020-07-01 12:35:16



Vendia raises $5.1M for its multi-cloud serverless platform  

When the inventor of AWS Lambda, Tim Wagner, and the former head of blockchain at AWS, Shruthi Rao, co-found a startup, it’s probably worth paying attention. Vendia, as the new venture is called, combines the best of serverless and blockchain to help build a truly multi-cloud serverless platform for better data and code sharing. Today, […]

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2020-07-01 11:35:34



Daily Crunch: Tesla becomes the most valuable automaker in the world  

Tesla hits a financial milestone, Discord is now valued at $3.5 billion and we unpack the

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2020-07-01 11:03:53



China's Pudu raises $15M for indoor delivery robots  

The robotics category has been building to a kind of critical mass in recent years, but the past six months of the COVID-19 pandemic have pushed many otherwise wary investors over the top. Today, Shenzhen-based Pudu Robotics announced that it has completed a $15 million Series B, with Beijing food services group, Meituan as the […]

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2020-07-01 10:58:34



Twitch breaks records again in Q2, topping 5B total hours watched  

Twitch had already broken viewership records in the first quarter of 2020 amid coronavirus lockdowns, surpassing 3 billion total hours watched in a single quarter for the first time. In the second quarter, it appears that Twitch has broken that record and several others once again. According to a new report from Streamlabs and Stream […]

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2020-07-01 10:55:28



Extra Crunch is now available in Greece, Ireland and Portugal  

We're excited to announce that we've added Extra Crunch support in Ireland, Portugal and Greece. That adds to our existing support in Europe as we are already in Austria, Belgium, France, Germany, Italy, the Netherlands, Poland, Romania, Spain and the U.K. Portugal's 10 million citizens are no strangers to startup investment, with the country totting […]

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2020-07-01 10:34:33



State-backed COVID-19 disinfo spreads faster and farther than local news outlets in 4 languages  

Questionable stories on COVID-19 from state-backed outlets in Russia, China, Turkey and Iran are being shared more widely than reporting by major news organizations around the world, according to Oxford analysts. French, German, Spanish and English news sites see far less social engagement than these foreign-originated ones in their languages. The study is part of […]

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2020-07-01 09:30:19



TikTok is engaging with India over ban and already complies with local privacy and security requirements, CEO says  

Kevin Mayer, the chief executive of TikTok said on Wednesday that the popular short-form video app complies with "all data privacy and security requirements under Indian law," two days after New Delhi banned 59 apps including Mayer's citing security concerns. Addressing TikTok's 2000 employees in India on Wednesday, Mayer said ByteDance, the parent firm of […]

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2020-07-01 07:22:18



Match Group completes separation from IAC, new board includes Wendi Murdoch and Ryan Reynolds  

IAC and Match Group announced that they have completed a “full separation.” Previously, Match Group (which owns Tinder, Hinge, OkCupid, PlentyOfFish and Match itself) was a publicly-traded company, with digital holding company IAC as its majority shareholder. Last year, the companies announced a plan that would see IAC’s ownership of Match distributed to IAC’s shareholders […]

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2020-07-01 07:16:49



Point launches new challenger bank with rewards on debit card purchases  

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is launching a major new version of its service and opening its doors to everyone. But you'll have to get an invite to get in at first. Point is a consumer […]

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2020-07-01 07:12:25



Science Inc. is getting into the music business with incubator Heavy Sound Labs  

Jason Geter, who previously co-founded Grand Hustle Records, told me that he’s looking to “redefine what a record label is today” with his new startup Heavy Sound Labs. Geter said he sees Heavy Sound — which is part of startup studio Science Inc. — as an extension of the work he’s been doing for decades: […]

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2020-07-01 06:54:15



Security lapse at South Africa's LogBox exposed user accounts and medical data  

LogBox, a South African medical data startup that bills itself as an “absolutely secure” way of replacing paper forms for sharing patient data with doctors, has exposed user accounts and patient data following a security lapse. Security researcher Anurag Sen found an exposed database belonging to the company containing account access tokens for thousands of […]

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2020-07-01 06:16:07



Location data startup Bluedot raises $9.1M  

Bluedot, a geofencing and location data startup used by companies like Dunkin', KFC and McDonald's, is announcing that it has raised $9.1 million in Series B funding. The San Francisco-headquartered company claims that its technology its 20 times more accurate than competing solutions — something that CEO Emil Davityan attributed to its roots in the […]

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2020-07-01 06:09:32



Zoom misses its own deadline to publish its first transparency report  

How many government demands for user data has Zoom received? We won’t know until “later this year,” an updated Zoom blog post now says. The video conferencing giant previously said it would release the number of government demands it has received by June 30. But the company said it’s missed that target and has given […]

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2020-07-01 06:09:23



Insurtech unicorn Lemonade raises IPO range ahead of debut  

Ahead of its expected IPO pricing later today, SoftBank -backed insurtech startup Lemonade has raised its expected price range. After initially targeting $23 to $26 per share in its debut, Lemonade now intends to sell its equity for $26 to $28 per share. The Exchange is a daily look at startups and the private markets […]

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2020-07-01 05:12:23



Portfolio companies of startup studio eFounders have raised $148 million this year  

European startup studio eFounders has looked back at the first half of 2020 to share some metrics about its portfolio companies. The startup studio that is focused on building software-as-a-service enterprise startups has now launched 25 companies in total. Those startups have raised $148 million in 2020 alone. You may remember that the portfolio of […]

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2020-07-01 05:07:37



Mexico City's Jüsto raises a $12 million bridge round for its delivery-only grocery stores  

Jüsto, the Mexico City-based delivery only grocery store chain, has raised another $12 million in financing as it looks to expand its now pandemically-relevant business of “dark stores” across the country. The COVID-19 pandemic is changing consumer habits and increasing the use of delivery services across the world, and consumers n Mexico are no different. […]

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2020-07-01 04:47:04



Unpacking how Dell's debt load and VMware stake could come together  

If we were betting folk, we'd reckon that Dell carves off a piece of its VMware shares to cover some of its debts next year.

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2020-07-01 04:45:16



Contrary Capital wants to invest in the next big tech mafia  

Contrary Capital, which has raised money from Tesla, Reddit, SoFi and Twitch, knows a thing or two about how to work with tech's brightest mafias. Now it wants to invest in them, before anyone else. The San Francisco fund and accelerator, which traditionally invests in student entrepreneurs, is betting on the idea that the best […]

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2020-07-01 04:13:22



Google confirms US offices will remain closed until at least September, as COVID-19 spikes  

A few months back, Google announced plans to reopen some U.S. offices after the July 4th holiday. But the best-laid plans, and all of that. Things have obviously not been going great in terms of the United States' battle with COVID-19, and Google once again finds itself proceeding on the side of caution. As was […]

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2020-07-01 04:13:17



This public spreadsheet lists Black founders who have raised VC, and the investors backing them  

Finding out how many Black founders have successfully raised venture capital, and which venture capital firms invested in their startups hasn’t been an easy task, historically. Venture capital data is often diceable by stage, say, or by startup type. But if you wanted to know how many Black founders a particular firm had invested into, […]

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2020-07-01 03:49:34



Venmo begins piloting 'Business Profiles' for small sellers  

Venmo is going after small businesses. The mobile-payments app announced today it’s piloting a new feature called Business Profiles, which offers small sellers and other sole proprietors the opportunity to have a more professional profile page on its platform. Sellers can share key business details like address, phone number, email, website and more. By adopting […]

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2020-07-01 03:34:31



After grinding investigation, Luckin Coffee confirms $300 million revenue fraud  

Luckin Coffee's drips and drops of news the past few weeks — including a boardroom feud that is pitting the company's chairman against a special investigation committee looking into an alleged massive fraud — is now turning into a flood. Luckin Coffee will unluckin'ly delist from Nasdaq following fraud allegations In a new SEC filing […]

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2020-07-01 03:20:05



Tesla blows past Toyota to become most valuable automaker in the world  

In 10 years, Tesla has gone from public market newbie to the most valuable automaker in the world by market value. The electric automaker had long since passed the valuations of Ford and GM and in January became the most valuable U.S. automaker ever when its market cap hit $81.39 billion. Still, a few automakers […]

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2020-07-01 02:52:01



BMW wants to sell you subscriptions to your car's features  

BMW today announced a number of updates to its in-car software experience during a VR press event, complete with a virtual drive through Munich to show off some of these features. These new updates will come to most recent BMWs that support the company’s Operating System 7 later this year — and new cars will […]

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2020-07-01 02:41:16



Google brings its AI-powered SmartReply feature to YouTube  

Google’s SmartReply, the four-year-old, A.I.-based technology that helps suggest responses to messages in Gmail, Android’s Messages, Play Developer Console and elsewhere, is now being made available to YouTube Creators. Google announced today the launch of an updated version of SmartReply built for YouTube, which will allow creators to more easily and quickly interact with their fans […]

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2020-07-01 02:37:51



Beyond Burger arrives in Alibaba's grocery stores in China  

Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks’ plant-based menu. Within weeks, it had also forayed into select KFC, Taco Bell, and Pizza Hut outlets — all under the Yum China empire. China, the world’s biggest market for meat consumption, has seen […]

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2020-07-01 02:11:07



NASA pays out $51 million to small businesses with big ideas  

NASA has announced its latest batch of small business grants, providing more than 300 businesses a total of $51 million in crucial early-stage funding. These “phase I” projects receive up to $125,000 to help bring new technologies to market. The Small Business Innovation Research/Technology Transfer programs help entrepreneurs and inventors transition their work from lab […]

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2020-06-30 20:32:57



With advertiser boycott growing, lawmakers press Facebook on white supremacy  

In a new letter to Mark Zuckerberg, three Democratic lawmakers pressed the Facebook chief executive for accountability on his company’s role in amplifying white supremacy and allowing violent extremists, like those in “boogaloo” groups, to organize on its platform. Citing the “long-overdue” national reckoning around racial injustice, Senators Mazie Hirono (D-HI), Mark Warner (D-VA), and […]

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2020-06-30 19:05:47



Health class is outdated, so Lessonbee wants to fix it  

Sex education in the United States is complicated. One example: For decades, the United States invested billions into abstinence-only programs. Eventually, schools rejected government funding for these programs and pushed a more comprehensive and medically accurate agenda. Even with progress, schools across the country continue to reckon with a legacy of inaccuracy. And the government […]

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2020-06-30 16:14:57



Cendana Capital, which has been backing seed funds for a decade, has $278 million more to invest  

When in 2010, former VC Michael Kim set out to raise a fund that he would invest in a spate of micro VC managers, the investors to which he turned didn’t get it. Why pay Kim and his firm, Cendana Capital,  a management fee on top of the management fees that the VC managers themselves […]

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2020-06-30 13:57:01



To promote diversity, rewire your broken corporate culture  

Once we learn to celebrate everyone for who they truly are, we can begin to make systemic changes to our company cultures. We must take our next steps together.

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2020-06-30 13:49:23



TransferWise to offer investment products but has 'no plans' to become a bank  

TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion, has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called “borderless” account will be given the option to make […]

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2020-06-30 12:24:20



Lyft's self-driving test vehicles are back on public roads in California  

Lyft’s self-driving vehicle division has restarted testing on public roads in California, several months after pausing operations amid the COVID-19 pandemic. Lyft's Level 5 program said Tuesday some of its autonomous vehicles are back on the road in Palo Alto and at its closed test track. The company has not resumed a pilot program that […]

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2020-06-30 11:43:09



Summit raises $2.2B across two megafunds, and pulls in ex-CEO of SoulCycle as newest investor  

While there has been a wealth of bad news the past few months in the venture capital world as firms take account of the changing macroeconomic conditions in the wake of COVID-19, that hasn't stopped some top investment firms from continuing to raise huge piles of capital and getting bolder in their investment theses. Case […]

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2020-06-30 11:41:03



CMU researchers develop a an automatic politeness engine for text-based communications  

If you’re a typically terse communicator who could probably benefit from a little more civility in your everyday communications, a new Carnegie Mellon University research project could be the answer. A team at CMU created an automated way to improve the politeness of written requests and communications, which could have a number of potential applications […]

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2020-06-30 10:29:15



Apple device management company Jamf files S-1 as it prepares to go public  

Jamf, the Apple device management company, filed to go public today. Jamf might not be a household name, but the Minnesota company has been around since 2002 helping companies manage their Apple equipment. In the early days, that was Apple computers. Later it expanded to also manage iPhones and iPads. The company launched at a […]

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2020-06-30 10:25:41



Fivetran snares $100M Series C on $1.2B valuation for data connectivity solution  

A big problem for companies these days is finding ways to connect to various data sources to their data repositories, and Fivetran is a startup with a solution to solve that very problem. No surprise then that even during a pandemic, the company announced today that it has raised $100 million Series C on a […]

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2020-06-30 10:06:10



Oculus co-founder and games industry vets form Mountaintop Studios  

Oculus co-founder Nate Mitchell is heading up a new game development house called Mountaintop Studios, joined by colleagues from around the gaming industry. The company aims to leave the crunch and toxic culture pervasive in game studios behind and make one that’s “collaborative, anti-crunch, diverse and inclusive.” The founding team includes Mitchell’s former colleague Mark […]

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2020-06-30 09:21:26



E-scooter firms get the green light to start trials of up to one year on UK streets  

In light of COVID-19 and social distancing regulations, the UK has been working on making it easier for people to get from point A to B in cities without resorting to buses and trains or bringing more cars to congested roads, and today that strategy took an interesting leap forward. The country’s Department for Transportation […]

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2020-06-30 09:11:58



Elementary Robotics is making its quality assurance robots commercially available  

Two years and more than $17 million after it first began working on its robots for quality assurance, the Los Angeles-based Elementary Robotics has finally made its products commercially available. The company already boasts a few very large initial customers in the automotive industry, consumer packaged goods and aerospace and defense, including Toyota, according to […]

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2020-06-30 09:03:01



Qualcomm launches its new smartwatch chips  

Qualcomm today announced the launch of its new Snapdragon Wear platforms for wearables, the Snapdragon Wear 4100 and 4100+. Based on a 12nm process technology, these new platforms promise to breathe new life into the Android Wear ecosystem. One of the first things users will notice is that, compared to the previous generation of Wear […]

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2020-06-30 08:49:20



Samsung will not exhibit at IFA 2020, opts for digital event instead  

Stop me if you've heard this one before. A major company just announced that it will not be taking part in an in-person trade show, instead opting to go online only. After early reports from South Korean press, Samsung has just confirmed with TechCrunch that it will not be taking part in Europe’s largest consumer […]

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2020-06-30 08:31:36



R&D tax credits are due July 15th. Neo.tax wants to help startups apply, and raised $3M to do it  

All founders love "free" money, but with the global pandemic going on, the necessity of free money has taken on a whole new meaning this year. First, there was the scramble to secure PPP loans a few weeks back for U.S.-based startups, and then the second wave of PPP loans when Congress offered a second […]

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2020-06-30 07:46:18



Hear Charles Hudson explain how to sell an idea (without a product) at Early Stage  

Startups often dance between selling dreams and building products, and we've enlisted the help of noted investor Charles Hudson to help founders sell an idea before they’ve built a product. Hudson is speaking at TechCrunch's inaugural, virtual event TechCrunch Early Stage. The two-day event runs July 21 and 22 and will feature sessions targeting all […]

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2020-06-30 07:27:46



The Venture Collective launches with a new bet on pre-seed investing  

Venture capital has a long way to go when it comes to investing in underrepresented founders in a meaningful way. But according to The Venture Collective’s Cat Hernandez, the issue is too complex to solve by just cutting checks and spending time with entrepreneurs. “You have to be maniacally focused on solutions,” Hernandez said. So, […]

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2020-06-30 07:23:22



Société Générale is acquiring freelancer challenger bank Shine  

Societe Generale is acquiring French startup Shine. Terms of the deal are undisclosed. According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million). The startup had previously raised €10.8 million ($12.2 million) in total from Daphni, Kima Ventures, XAnge and various business angels. If you're not […]

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2020-06-30 07:08:10



OnePlus will return to its budget roots with the launch of Nord  

Two factors defined OnePlus's seemingly out-of-nowhere growth in the middle of the last decade: solid specs and a budget price tag. But markets change, and companies must adapt to survive. As someone who's followed the Chinese smartphone maker since close to the beginning, I can confidently say that it hasn't wavered from that first part. […]

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2020-06-30 07:05:52



RIOS comes out of stealth to announce $5M in funding for 'industry-agnostic' robotics  

Bay Area-based robotics startup RIOS is coming out of stealth today to announce $5 million in funding. The round is being led by Valley Capital Partners and Morpheus Ventures, with participation from a long list of investors, including Grit Ventures, Motus Ventures, MicroVentures, Alumni Ventures Group, Fuji Corporation and NGK Spark Plug Co. The move […]

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2020-06-30 06:50:57



Google acquires smart glasses company North, whose Focals 2.0 won't ship  

Google confirmed today via blog post that it has acquired Canadian smart glasses company North, which began life as human interface hardware startup Thalmic Labs in 2012. The company didn’t reveal any details about the acquisition, which was first reported to be happening by The Globe and Mail, last week. The blog post is authored […]

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2020-06-30 06:40:06



Facebook says it will prioritize original reporting and 'transparent authorship' in the News Feed  

Facebook announced this morning that stories with original reporting will get a boost in the News Feed, while publications that don’t clearly credit their editorial staff will be demoted. The change comes as a number of high-profile companies have said that they will pull their advertising from Facebook as part of the #StopHateforProfit campaign, organized […]

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2020-06-30 05:55:37






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