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



Facebook-backed Unacademy acquires PrepLadder for $50 million  

Indian online learning platform Unacademy said on Tuesday it has acquired Chandigarh-based startup PrepLadder for $50 million as the Facebook-backed edtech giant scouts for deals to expand its presence in the country. PrepLadder, which employs about 150 people, offers courses aimed at medical students. The two-year-old startup, which never raised any capital from external investors, has […]

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2020-07-07 04:22:55



TikTok faces ban in the US; pulls out of Hong Kong  

The world’s most popular short video app continues to be in the crosshairs of politicians globally. On Monday night, Secretary of State Mike Pompeo told Fox News that the United States is “certainly looking at” banning TikTok over concerns that it could be used by the Beijing government as a surveillance and propaganda tool. The […]

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2020-07-07 03:53:49



Secretive data startup Palantir has confidentially filed for an IPO  

As the coronavirus pandemic spread throughout the world, Palantir pitched its technology to bring big data to tracking efforts.

what do you think?

2020-07-07 03:48:41



Victress Capital, a fund founded by women to back women founders, just closed its second fund  

Women start 40 percent of the businesses in the U.S., but they receive just 3% of venture funding. It doesn’t take a math whiz to recognize that such an extreme funding gap could spell opportunity, but it might help if you are math minded, a longtime investor, and happen to be woman and so conceivably […]

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2020-07-07 01:58:51



Here's a list of tech companies that the SBA says took PPP money  

The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) — a list that includes some of the hottest names in the tech startup world, including Bolt Mobility, Getaround, Luminar, Stackin, TuSimple and Velodyne. The […]

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2020-07-06 16:51:08



Daily Crunch: Uber confirms Postmates acquisition  

You may have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We decided that sending the newsletter later in the day was a better fit for the TechCrunch news cycle — hopefully, there will be fewer days when we hit Publish and then groan when we see […]

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2020-07-06 14:33:46



Equity Monday: Uber-Postmates is announced, three funding rounds and narrative construction  

Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week ahead, talk about some neat funding rounds and dive into the latest big news from the startup world. (You […]

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2020-07-06 13:53:38



Four views: Is edtech changing how we learn?  

The COVID-19 pandemic compelled us to experiment with edtech, but it's still unclear whether attending school virtually with a laptop at the kitchen table offers the same benefits as sitting in a classroom.

what do you think?

2020-07-06 12:25:32



Payfazz gets $53 million to give more Indonesians access to financial services  

Indonesia is not only Southeast Asia's most populated country, but also one of the world's fastest-growing economies. But many people, especially outside of major cities, still lack access to basic financial services like bank accounts. Payfazz is one of several tech startups focused on solving that problem by finding innovative ways to give more Indonesians […]

what do you think?

2020-07-06 11:54:13



Email is broken and Hey's Jason Fried is here to fix it  

We're trying to reduce the amount of workload people have to go through so they can have more time to themselves. Email should not feel like work, it shouldn't be work.

what do you think?

2020-07-06 08:44:34



Logistics are key as NYC startup prepares to reopen office  

The future of offices will require “hot desks,” contact tracing and a volunteer task force run by employees to make sure their colleagues are washing their damn hands. SquareFoot CEO Jonathan Wasserstrum says he’s bullish on the future of office spaces because his startup helps growing companies find office space. Since COVID-19 hit, his firm […]

what do you think?

2020-07-06 08:42:27



Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal  

Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats, keeping the Postmates app running while merging some of the tech and delivery […]

what do you think?

2020-07-06 07:42:58



Instagram Reels arrives in India following TikTok's ban  

In the wake of India’s decision to ban TikTok and dozens of other Chinese apps over privacy concerns, Instagram has expanded its TikTok rival, known as Reels, in the region. The launch in India also comes only days after Facebook announced its standalone TikTok clone, Lasso, would be shutting down on July 10. In addition […]

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2020-07-06 07:29:57



Minted's Mariam Naficy will join us at TechCrunch Early Stage  

At Early Stage, the first event of its kind from TechCrunch, entrepreneurs will have the opportunity to learn from some of the greatest minds in the tech world across categories like fundraising, scaling, operations and marketing. Alongside these VCs, lawyers, growth marketers, operators and recruiters, we’ll also be hearing directly from entrepreneurs who have charted […]

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2020-07-06 06:21:36



Tech shares set fresh records despite uncertain economy  

Despite record-setting COVID-19 infections, American equities rose today. All major indices gained ground during regular trading, while tech stocks did even better. The Nasdaq Composite set new 52-week and all-time highs, touching 10,462.0 points before closing at 10,433.65, up 2.21% on the day. Similarly, a basket of SaaS and cloud companies that has risen and […]

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2020-07-06 05:48:21



Sequoia announces $1.35 billion venture and growth funds for India and Southeast Asia  

Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds in the country as the storied venture firm looks to ramp up its investments in the world’s second largest internet market and Southeast Asia. The two new funds — a $525M venture fund and a $825M growth fund […]

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2020-07-06 05:46:54



Mercedes-Benz 2021 S-Class jumps on the giant touchscreen bandwagon  

Mercedes-Benz sent out a teaser image and video Monday of its upcoming 2021 S-Class that hints at a sleeker interior that forgoes the bevy of physical knobs and toggles found in previous models in favor of a digital-centric design. The teasers illustrate a movement in the automotive industry popularized by Tesla to incorporate large touchscreens […]

what do you think?

2020-07-06 05:32:04



Lydia expands credit offering in partnership with Younited Credit  

French startup Lydia is announcing a new partnership with Younited Credit, which lets you borrow anything between €500 and €3,000 and pay back within 6 to 36 months. The feature will be released in France at some point during the summer. This isn't the first time Lydia is playing around with credit. The company already […]

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2020-07-06 05:06:28



US online grocery sales hit record $7.2 billion in June  

Despite the slow reopening of the U.S. economy over the past several weeks, online grocery shopping is continuing to reach ever-higher numbers as Americans seem to be in no rush to return to the store. According to new research released today by Brick Meets Click and Mercatus, U.S. online grocery sales hit a record $7.2 […]

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2020-07-06 04:25:35



Uber reportedly agrees to acquire Postmates for $2.65 billion  

Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown, […]

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2020-07-06 03:17:57



Why investors are cheering the Uber-Postmates deal  

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%. Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impacts? It appears that investors are heartened that Uber has closed its Postmates acquisition after both firms danced around […]

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2020-07-06 03:14:34



'Hamilton' gives Disney+ a holiday weekend bump in US, with app downloads up 72%  

The much-anticipated addition of “Hamilton” seems to have paid off for Disney+. According to new data from app store analytics firm Apptopia, Disney’s streaming service saw a big jump in downloads over the July 4 holiday weekend in the U.S., following the worldwide debut of “Hamilton” on Friday, July 3rd. Between Friday and Sunday, that […]

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2020-07-06 03:11:19



As COVID-19 surges, 3D printing is having a moment  

COVID-19 will be remembered for many things — most undoubtedly negative. There are, however, some silver linings among the horrors of the deadliest pandemic in recent memory. Among them, if the sort of human ingenuity that shines whenever the world is faced with a similar crisis. The simple truth of the matter is the world […]

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2020-07-06 02:51:10



Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M  

Paytm, India's most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation's booming insurance market. Sharma is acquiring Raheja QBE through QorQl Pvt. Ltd, […]

what do you think?

2020-07-06 02:40:41



US tech giants halt reviews of Hong Kong demands for user data  

Facebook and Twitter have confirmed they have suspended processing demands for user data from Hong Kong authorities following the introduction of a new Beijing-imposed national security law. A spokesperson for Facebook told TechCrunch it will “pause” the processing of data demands until it can better understand the new national security law, “including formal human rights […]

what do you think?

2020-07-06 02:31:17



The Station: The startups edition  

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m […]

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2020-07-05 10:11:32



Facebook makes education push in India  

Facebook, which reaches more users than any other international firm in India, has identified a new area of opportunity to further spread its tentacles in the world's second largest internet market. On Sunday, the social juggernaut announced it had partnered with the Central Board of Secondary Education, a government body that oversees education in private […]

what do you think?

2020-07-05 05:04:40



Original Content podcast: 'Eurovision Song Contest: The Story of Fire Saga' is a goofy delight  

The new Netflix comedy “Eurovision Song Contest: The Story of Fire Saga”  should win anyone over, even if you’re not a huge Will Ferrell fan and have no idea what Eurovision is. The film stars Ferrell and Rachel McAdams as the titular Icelandic musical duo, who are pursuing a lifelong dream of winning at the […]

what do you think?

2020-07-05 04:07:06



Startups Weekly: Tech unicorns look to IPOs as Lemonade, Accolade boom  

Hundreds of tech-oriented startups worth a billion or more dollars had envisioned successful public offerings before the pandemic hit. But new tech listings slowed to nearly nothing this spring as companies have tried to adjust to the profound changes sweeping the world. Today, more and more companies are back to their previous plans, with Lemonade […]

what do you think?

2020-07-04 12:17:49



How to watch Rocket Lab launch satellites for Canon, Planet and more live  

Rocket Lab is launching a rideshare mission today which includes seven small satellites from a number of different companies, including primary payload provider Canon, which is flying a satellite equipped with the camera-maker’s Earth imaging technology, including high-res photo capture equipment. The Electron rocket that Rocket Lab is flying today will also carry five Planet […]

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2020-07-04 07:16:28



This Week in Apps: India bans Chinese apps, Apple freezes game updates in China, iOS developer backlash continues  

Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day […]

what do you think?

2020-07-04 05:25:53



Rocket Lab launch fails during rocket's second stage burn, causing a loss of vehicle and payloads  

Rocket Lab’s ‘Pic or it didn’t happen’ launch on Saturday ended in failure, with a total loss of the Electron launch vehicle and all seven payloads on board. The launch vehicle experienced a failure during the second stage burn post-launch, after a lift-off from the Rocket Lab Launch Complex 1 on Mahia Peninsula in New […]

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2020-07-04 04:28:44



Tesla is taking reservations for its Cybertruck in China  

Tesla has opened up reservations for its all-electric Cybertruck to customers in China, a move that will test the market’s appetite for a massive, futuristic truck. The reservations page on Tesla’s China website was first posted in Reddit channel r/teslamotors by user u/aaronhry. Electrek also reported on the Reddit post. The Cybertruck, which was unveiled […]

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2020-07-03 15:35:52



R&D Roundup: Tech giants unveil breakthroughs at computer vision summit  

Computer vision summit CVPR has just (virtually) taken place, and like other CV-focused conferences, there are quite a few interesting papers. More than I could possibly write up individually, in fact, so I’ve collected the most promising ones from major companies here. Facebook, Google, Amazon and Microsoft all shared papers at the conference — and […]

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2020-07-03 13:27:22



We need a new field of AI to combat racial bias  

Responsibly managing machine learning processes is no longer just a desirable component of progress but a necessary one.

what do you think?

2020-07-03 12:33:08



GGV's Jeff Richards: 'There is a level of resiliency in Silicon Valley that we did not have 10 years ago'  

Earlier this week, GGV Capital’s Jeff Richards and Hans Tung joined TechCrunch for an Extra Crunch Live session. During our hour-long chat, we touched on startup profitability, the global venture capital scene, why GGV doesn’t have an office in Europe, how the venture industry is responding to its stark lack of diversity and other issues. […]

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2020-07-03 10:55:21



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.

what do you think?

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

what do you think?

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.

what do you think?

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






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