We got a bit of a surprise at the end of CES: some hands-on time with Samsung’s latest rugged phone for the enterprise, the Galaxy XCover Pro. The XCover Pro, which is officially launching today, is a mid-range $499 phone for first-line workers like flight attendants, construction workers or nurses. It is meant to be
Month: January 2020
Lime is hoping to achieve profitability this year by laying off about 14% of its workforce and ceasing operations in 12 markets, Axios first reported. “Financial independence is our goal for 2020, and we are confident that Lime will be the first next-generation mobility company to reach profitability,” Lime CEO Brad Bao said in a
Every year, Consumer Electronics Show attendees receive a branded backpack, but this year’s edition was special; made out of transparent plastic, the bag’s contents were visible without the wearer needing to unzip. It isn’t just a fashion decision. Over the years, security has become more intense and cumbersome, but attendees with transparent backpacks didn’t have
This week we’ve covered layoffs at unicorns both inside the Vision Fund and out. This afternoon we add two more to our list: Oyo and Rappi. The staff reductions are surprising — and not. They are surprising, as Oyo (India-based, low-cost hotels) and Rappi (Latin America-focused e-commerce) were bright lights in the Vision Fund’s crown.
This week, Sisense, a player in the business intelligence space, announced a $100 million investment. As TechCrunch reported, the round pushed the company’s valuation north of the $1 billion mark, making Sisense the world’s newest unicorn. That moniker will last a day, we’re sure. TechCrunch caught up with Sisense CEO Amir Orad and CMO Harry
A cannabis company won a CES award for 2020. Called Keep, the desktop storage device features biometric security to secure cannabis products, and looks good while doing it. The CTA gave them an Innovations Award Nominee in October and then weeks later told the company they were unable to use the word “cannabis” when exhibiting.
E-commerce phenom and D2C bright light Casper has filed to go public. The New York-based company that raised nearly $340 million while private, according to Crunchbase data, expects to trade on the New York Stock Exchange under the ticker symbol “CSPR.” Its S-1 filing includes a $100 million placeholder figure for its possible capital raise.
Google has announced which search engines have won an auction process it has devised for an Android “choice screen” — as its response to an antitrust intervention by the region’s competition regulator. The prompt is shown to users of Android smartphones in the European Union as they set up a device, asking them to choose
Assa Abloy, the world’s largest lock maker and the parent company of August Home and Yale, announced some new products at CES this week. The company didn’t talk about doorbell cameras at all — it could be related to recent Ring’s controversies. As a well-known brand when it comes to smart lock in the U.S.,
TikTok has spawned countless memes formats from its creative effects, challenging Instagram for the filtered video crown. Now nearly five years after launching Boomerang, Instagram’s back-and-forth video loop maker is finally getting a big update to its own editing options. Users around the globe can now add SlowMo, “Echo” blurring, and “Duo” rapid rewind special
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had TechCrunch’s Alex Wilhelm and Danny Crichton on hand to dig into the news, with Chris Gates on the dials and more news than we could possibly cram into 30 minutes. So we went
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted EBITDA, or something close to it. That’s the message from scooter unicorn Lime, which announced this week that it was cutting about 14% of
Most cookie consent pop-ups served to Internet users in the European Union — ostensibly seeking permission to track people’s web activity — are likely to be flouting regional privacy laws, a new study by researchers at MIT, UCL and Aarhus University suggests. “The results of our empirical survey of CMPs [consent management platforms] today illustrates
Cherry has long been the de facto standard for mechanical keyboard switches. Since mechanical keyboards are, almost by default, significantly more expensive than membrane or dome-switch keyboards, that has kept the company out a large part of the market. Now, on the last day of CES 2020, the company is launching its new Viola switch,
PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor aggressively expands its financial services offering. The Prosus-owned payments giant said on Friday that it will pump $200 million — $65 million of
Scoodle, a U.K.-based startup that, in its own words, wants to help tutors become influencers, is disclosing $760,000 in pre-seed funding. Backing the round is Twitter co-founder Biz Stone, alongside Tiny VC, IFG Ventures and a number of unnamed angels. Scoodle is also the first edtech company to join the University of Oxford’s accelerator, Oxford
It’s 2020 — a key election year in the U.S. — and Facebook is doubling down on its policy of letting people pay it to fuck around with democracy. Despite trenchant criticism — including from U.S. lawmakers accusing Facebook’s CEO to his face of damaging American democracy — the company is digging in, announcing as
Just Spices, the German-founded spice mix brand, is disclosing €13 million in Series B funding. The round is led by Five Seasons Ventures and Coefficient Capital, with Bitburger Ventures also joining. A direct to consumer play, Just Spices offers two main product lines: Spice Mixes and “IN MINUTES”. The first consists of various spice blends,
OrCam is expanding its product lineup with new devices that tackle new use cases. OrCam’s best-known device is the OrCam MyEye 2 — a tiny device for people with visual impairment that you clip on your glasses to help you navigate the world around you. At CES, OrCam announced that the MyEye 2 is getting
At CES 2020, one of the more well-represented gadget categories was definitely consumer robots – but none was more adorable than MarsCat, a new robo-pet from industrial robot startup Elephant Robotics. This robot pet is a fully autonomous companion that can respond to touch, voice and even play with toys, and it’s hard not to
Last year Insight Partners invested $500 million in cloud data management company Veeam. It apparently liked the company so much that today it announced it has acquired the Swiss startup for $5 billion. Veeam helps customers with cloud data backup and disaster recovery. The company, which has been based in Baar, Switzerland, says that it
Security and encryption experts from around the world are joining a number of organizations to call on India to reconsider its proposed amendments to local intermediary liability rules. In an open letter to India’s IT Minister Ravi Shankar Prasad on Thursday, 27 security and cryptography experts warned the Indian government that if it goes ahead
Sisense, an enterprise startup that has built a business analytics business out of the premise of making big data as accessible as possible to users — whether it be through graphics on mobile or desktop apps, or spoken through Alexa — is announcing a big round of funding today and a large jump in valuation
Ring is now a major player when it comes to consumer video doorbells, security cameras — and privacy protection. Amazon acquired the company and promotes its devices heavily on its e-commerce websites. Ring has even become a cultural phenomenon with viral videos being shared on social networks and the RingTV section on the company’s website.
Mark Zuckerberg won’t be spending 2020 focused on wearing ties, learning Mandarin or just fixing Facebook. “Rather than having year-to-year challenges, I’ve tried to think about what I hope the world and my life will look in 2030,” he wrote today on Facebook. As you might have guessed, though, Zuckerberg’s vision for an improved planet
Lewis Hower Contributor Lewis Hower connects Silicon Valley Bank and VC/startup communities as a Managing Director with SVB Startup Banking. More posts by this contributor Manage your angel investors, or they’ll manage you Anu Shukla had found the perfect VP of Engineering to help her build her latest startup, a company called RewardsPay. By that
Lily AI, a startup focused on using deep learning to help brands better convert customers through emotionally tailored recommendations, announced this morning that it has raised a $12.5 million Series A led by Canaan Partners. Prior investors NEA, Unshackled and Fernbrook Capital also took part in the funding event. Prior to its Series A, Lily had
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Farewell, don’t @ me. Twitter will test a way to let you limit replies to your tweets Twitter users will soon
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today, we’re exploring fundraising from outside the venture world. Founders looking to raise capital to power their growing companies have more options than ever. Traditional bank loans are an option, of course. As is venture
More changes have been announced in the senior leadership of French pro-privacy search engine Qwant. President and co-founder Eric Leandri (pictured above) will be moving from an operational to a strategic role on January 15, the company said today — while current deputy managing director for sales and marketing, Jean-Claude Ghinozzi, is being promoted to
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