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In today’s grim economic climate, companies are looking for ways to automate wherever they can. Bridgecrew, an early-stage startup that makes automated cloud security tooling aimed at engineers, announced a $14 million Series A today. Battery Ventures led the round with participation from NFX, the company’s $4 million seed investor. Sorensen Ventures, DNX Ventures, Tectonic
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Verizon makes a move into videoconferencing, Jeff Bezos discusses a plan to test Amazon employees for COVID-19 and Apple is reportedly working on new over-ear headphones. Here’s your Daily Crunch for April 16, 2020. 1. Verizon is buying b2b videoconferencing firm BlueJeans TechCrunch’s parent company is buying veteran videoconferencing platform BlueJeans Network — shelling out less
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Action camera manufacturer GoPro has announced some massive organizational changes at the company. In particular, the company is laying off over 200 employees — it represents a 20% staff reduction. GoPro will shut down some offices altogether. There will be offices in five geographies after the round of layoffs. The company expects to reduce operating expenses
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Google is today announcing a series of policy changes aimed at eliminating untrustworthy apps from its Android app marketplace, the Google Play store. The changes are meant to give users more control over how their data is used, tighten subscription policies, and help prevent deceptive apps and media — including those involving deepfakes — from
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Sprout.ai, an insurtech incubated at London’s Imperial College that is applying AI to insurance claims,, has raised $2.5 million in additional seed funding. Leading the round is Amadeus Capital Partners, with participation from Playfair Capital, and Techstars. Founded in 2018, Sprout.ai has developed AI-based software that it says enables insurance claims to be settled within
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Airwallex, a Melbourne-based cross-border financial startup that achieved “unicorn” status last year, announced today that it has raised a $160 million Series D. The round included ANZi Ventures, the investment arm of ANZ Bank, and Salesforce Ventures, along with returning investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. Founded in 2015,
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Previse, a fintech focused on helping suppliers get faster payment, announced that it has raised $11 million in new funding led by Reefknot Investments and Mastercard. Returning investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech also participated. Founded in 2016, Previse says it currently processes about 100,000 invoices a day, and its goal is
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While controversy has dogged the $10 billion, decade-long JEDI contract since its earliest days, a report by the DoD’s Inspector General’s Office concluded today that, while there were some funky bits and potential conflicts, overall the contract procurement process was fair and legal and  the president did not unduly influence the process in spite of
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Some big changes are underway for London-based Medopad, a startup that builds software for medical practitioners to monitor patients remotely based on digital biomarkers — measurable indicators of the progression of illnesses, diseases or overall health that are picked up not with blood samples or in-doctor visits but using apps and wearables. The company is rebranding to
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Israel-based Pileus, which is officially launching today, aims to help businesses keep their cloud spend under control. The company also today announced that it has raised a $1 million seed round from a private angel investor. Using machine learning, the company’s platform continuously learns about how a user typically uses a given cloud and then
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Airbnb takes on new debt as it adapts to a world without tourism, Apple announces a new entry-level iPhone and Google lowers Nest camera quality. Here’s your Daily Crunch for April 15, 2020. 1. Airbnb ups its debt by $1B amid the coronavirus travel crunch Airbnb has secured commitments of $1 billion for a syndicated
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Microsoft is embarking on a new sustainability initiative as part of its overall approach to support environmental protection measures, with a project it calls the ‘Planetary Computer.’ This will actually be a computing endeavor that uses aggregated global environmental data collected from a number of sources as its input, and that will seek to employe
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You don’t need your Ph.D. in economics to know the economy is in rough shape right now due to the impact of COVID-19, but ServiceNow today pledged that it would not lay off a single employee in 2020 — and in fact, it’s hiring. While Salesforce’s Marc Benioff, pledged no significant layoffs for 90 days
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Labster, a virtual science lab edtech company, today announced that it is partnering with California’s community college network to bring its software to 2.1 million students. California Community Colleges claims to be the largest system of higher education in the country. The Labster partnership will provide 115 schools with 130 virtual laboratory simulations in biology,
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