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Extra Crunch roundup: EU insurtech, 30 years of ‘Crossing the Chasm,’ embedded finance’s endgame

This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the biggest recent rounds to take the temperature of the waters across the pond: Alex Timm, CEO, Root Dan Preston, CEO, MetroMile Luca Bocchio, partner, Accel Florian Graillot, investor, Astorya.vc Stephen Brittain, director and founder, Insurtech Gateway Several European-based insurtech startups entered unicorn territory this year, such as Bought By Many, which offers pet insuran...
Tags: Startups, TC, Transportation, London, Microsoft, Entrepreneurship, Insurance, Tech, Eu, Atlantic, United States, Venture Capital, Tanzania, Mobility, Alan, Anna


New Chief Technology Officer appointed at Ofcom

Ofcom has appointed Sachin Jogia from Amazon as its new Chief Technology Officer. Sachin Jogia will join Ofcom as CTO in October after nine years at Amazon, where he is currently the General Manager for Alexa Smart Home International – overseeing the development of the company’s voice-activated services. He has also held senior technology roles at AOL and advertising.com. As Chief Technology Officer, Sachin will lead Ofcom’s work to support innovation across the broadcasting, telecoms, wirel...
Tags: Amazon, UK, People, Radio, Ofcom, Aol, Bill, Cto, Sachin, Dame Melanie Dawes, Sachin Jogia, Alexa Smart Home International, Telecoms Security Bill


Money Minx aims to build a ‘Personal Finance’ OS for the everyday investor

New regulations are making it easier to invest in alternative assets via crowdfunding , and the recent explosion of crypto and NFTs means that investors are more diversified than ever.  Keeping up with such a variety of investments may prove difficult to those who want to handle managing their investment portfolios on their own . Money Minx , a new San Diego-based startup co-founded by husband and wife team Hussein and Jessica Yahfoufi, wants to help with that. Put simply, Money Mi...
Tags: Tech, San Diego, Cto, Jessica, Hussein, Alexa von Tobel, Truebill, Money Minx, Jessica Yahfoufi, Hussein Yahfoufi, Accel Truebill


Ofcom gets new CTO as UK regulator welcomes Amazon Alexa Smart Home exec

Let's hope Sachin Jogia sticks around longer than his predecessor Ofcom is to get a new full-time CTO this autumn in Sachin Jogia, who has spent the last nine years at Amazon and is currently GM of the Alexa Smart Home product management and business teams.…
Tags: Amazon, UK, Software, Ofcom, Gm, Cto, Alexa Smart Home, Amazon Alexa Smart Home, Sachin Jogia


US considers preparing for airstrikes to support Afghan forces if there's a risk of the Taliban taking over Kabul, report says

US soldiers at a base in the Nangarhar province on Afghanistan in 2015. Wajuk Kohsar/AFP via Getty Images The Biden administration has pledged to withdraw all US troops from Afghanistan by September 11. But the NYT reported the Pentagon is considering keeping the option of airstrikes even after withdrawal. The talks suggest concern over whether Afghan forces can contain the Taliban without US troops. See more stories on Insider's business page. The Pentagon is looking into the possibil...
Tags: News, Senate, US, Trends, Joe Biden, Getty Images, Afghanistan, Taliban, New York Times, The Times, Kabul, Nyt, Mitch McConnell, Al Qaeda, Pentagon, Republican


GameStop just named an Amazon alum as its new CEO, the latest in a string of executive appointments hailing from the e-commerce giant

Customers line up for the launch of "Grand Theft Auto 5" in 2013 at a GameStop. Reuters GameStop just hired a new CEO: Matt Furlong, a former senior leader at Amazon. GameStop has reshaped its executive suite around former Amazon leaders. The charge is being led by newly appointed GameStop board chairman and Chewy cofounder Ryan Cohen. Visit the Business section of Insider for more stories. The world's biggest video game retailer just appointed a new chief executive officer: Former Ama...
Tags: Amazon, Gaming, New York, News, Video Games, Entertainment, Australia, Trends, Chief executive officer, Ceo, Reddit, Miami, Amazon Web Services, Coo, Gamestop, Cto


Health clouds are set to play a key role in healthcare innovation

Abhinav Shashank Contributor Share on Twitter Innovaccer founder and CEO Abhinav Shashank has written more than 300 articles for various international media outlets and has also been listed in Forbes’ “30 Under 30 Asia 2017: Enterprise Tech” and among the "Top 60 rising leaders in U.S. healthcare under 40” in the 2019 Becker's Hospital Review. Mike Sutten Contributor Share on...
Tags: Health, Cloud, Column, Articles, Tech, CIO, United States, Healthcare, SaaS, Healthcare Industry, Medicare, Cia, General Electric, Medicaid, Irs, Cto


A revival at the intersection of open source and open standards

Guy Martin Contributor Share on Twitter Guy Martin is the executive director of OASIS Open, one of the most respected nonprofit standards organizations in the world. He brings more than 25 years of experience as both a software engineer and an open-source strategist to OASIS Open, where he helps the organization realize the tremendous advantage in integrating the best of open-standards and open-source communities. Our world ha...
Tags: TC, Open Source, Column, Asia, California, Tech, Open Source Software, United States, Ibm, Standards, Cto, TCP, Ferris, Guy Martin, International Organization for Standardization ISO, Interoperability


What Should SMBs Prioritize When Adopting Cloud Technologies?                                                                              

The cloud had its biggest year yet in 2020. Cloud technologies were key in tackling the disruptions caused by the COVID-19 pandemic, quickly mobilizing digital workforces and delivering the business tools and services necessary for day-to-day working on-demand. However, rushed deployments to the cloud means businesses might be overlooking important details that could impact their bottom line. As remote work persists and a hybrid model becomes the standard of our post-pandemic world, many SMBs ar...
Tags: Business, UK, Technology, Microsoft, US, Dell, Deloitte, Stephen, Cto, Right Now, Data Protection Group, Stephen Manley CTO of Druva


Commit raises $6M seed round to match senior engineers to startups they want to work for

Commit, a Vancouver, Canada-based startup that has a unique approach to matching up engineers looking for a new job to early-stage startups that want to hire them, today announced that it has raised a $6 million seed round. Accomplice led the round , with participation from Kensington Capital Partners, Inovia and Garage Capital.  The company, which focuses on working with remote-first startups, launched in 2019, with co-founders Greg Gunn (CEO) and Beier Cai (CTO), who met as early employees at...
Tags: TC, Money, Finance, Tech, Ceo, Economy, Engineer, Canada, Vancouver, iNovia Capital, Bootstrapping, Cto, Startup Company, Hootsuite, Valley, Gunn


Aserto announces $5.1M seed to build authorization as a service

Aserto, a new startup from a couple of tech industry vets who want to build an Authorization as a Service solution, announced a $5.1 million seed round today from Costanoa Ventures, Heavybit Industries and several industry luminaries. The company’s two founders, Omri Gazitt, CEO and Gert Drapers, CTO, have decades of experience building some of the industry’s identity building blocks including SAML, OAuth 2.0 and OpenID. As the two founders considered what to do next last year, they felt that au...
Tags: Security, Startups, TC, Developer, Funding, Tech, Service, Gm, Seattle, HashiCorp, Cto, Gitlab, Casey, Draper, Oso, Gert


US stocks hover near record highs as investors brace for inflation data

Stan Honda/AFP/Getty Images US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy. Bitcoin recovered from its previous day's 10% slump by climbing back above $35,000. Sign up here our daily newsletter, 10 Things Before the Opening Bell. US stocks flirted with record highs Wednesday as investors awaited key inflati...
Tags: US, Trends, Markets, Oil Prices, Reddit, El Salvador, Federal Reserve, Nasdaq, Dow, S&P 500, Cto, Stan Honda, Bitcoin Price, Emily Graffeo, Stock market news today, Stock market wrap


Extra Crunch roundup: Security data lakes, China vs. Starlink, ExtraHop’s $900M exit

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are purchasing Seattle-based network security startup ExtraHop. Part of the Network Detection and Response (NDR) market, ExtraHop’s security solutions are for companies that manage assets in the cloud and on-site, “something that could be useful as more companies find themselves in that in-between state,” report Ron Miller and Alex Wilhelm. Just one year ago, ExtraHop was closing in on $100 million in ARR an...
Tags: Health, Startups, TC, Space, Spacex, Maryland, China, US, Tech, Earth, United States, Venture Capital, EC, Anna, Seattle, Alex


Leadership Skills Every CTO Needs to Have

Post Views = 104The coronavirus (COVID-19) pandemic has reshaped technology leadership, particularly when it comes to the chief technology officer (CTO) role. Today, CTOs are expected to drive businesses’ tech strategies and R&D and understand cybersecurity, coding, and other topics relating to the digital world.  In addition, companies increasingly want agile and kinetic technology leaders, […]
Tags: Success, Innovation, Cto, Cool Tools & Tips, Talent Development, 3Q Leadership Development, 3Q Business Development, 3Q Career and Performance Management


Fintech all-star Nubank raises a $750M mega round

In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His gut instinct and market analysis were right. Today, Nubank announced a $750 million extension to its Series G (which rang in at $400 million this past January), bringing the round to a tota...
Tags: Mexico, Tech, Nike, Colombia, Nba, Brazil, Berkshire Hathaway, Fintech, Swann, Nubank, David Velez, Cto, Stubhub, Nps, Citi, Nunez


Nuggs creator Simulate raises $50M

New York-based Simulate today announced a $50 million fundraise. Led by Alexis Ohanian’s 776, the Series B brings the meat alternative’s total funding to north of $60 million and values it at $260 million. Simulate’s first product, Nuggs (formerly also the startup’s name), has already caused a splash, thanks in no small part to aggressive online advertising. The company notes a massive push in retail availability in the last six months. The chicken nugget alternative was available direct to cons...
Tags: Food, Startups, New York, Funding, Tech, Canada, Alexis Ohanian, Cto, Pasternak, Walmart Sam, Recent Funding, Meat Alternative, Ben Pasternak, Nuggs, 776, Simulate


Daily Crunch: At Apple’s WWDC 2021 keynote, everything old is new again

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Today was the kickoff of Apple’s developer conference, WWDC, meaning that the TechCrunch crew was super busy all day and that we have an ocean of news from Cupertino for you to enjoy. But the startup market was just as busy, thankfully, with some fascinating funding rounds, acquisitions and more to parse through. Today we have something for everyone! — Alex P.S. In...
Tags: Apple, TC, Pinterest, Microsoft, Ipo, Germany, India, Tech, Cupertino, Hyundai, Tiger Global, Facetime, Alex, Wwdc, Cto, Lightspeed


The hidden benefits of adding a CTO to your board

Abby Kearns Contributor Share on Twitter Abby Kearns, chief technology officer at Puppet, has more than 20 years of experience scaling growth for numerous Fortune 500 and startup companies. The pandemic forced companies around the world to adjust to a “new normal,” which caused many leaders to pivot their business strategies and adopt new technologies to continue operations. In a time of chaos and change, there is no senior le...
Tags: Startups, Column, Business, Board of Directors, Tech, Corporate Governance, Hiring, Cto, Software Engineering, Puppet, Agile Software Development, Chief Technology Officer, Lightbend, Abby Kearns, EC Column


5 Reasons you need to attend TC Sessions: Mobility 2021

Get ready to spend a full day rubbing virtual elbows with the global mobility community’s best and brightest minds and makers. TC Sessions: Mobility 2021 takes place June 9, and we’ve packed the agenda with experts, interviews, demos, panel discussions, breakout sessions and a metric ton of opportunity. Pro tip: It’s not too late to book a ticket. Grab yours here and save with groups of 4+. If you’re still on the fence, here are five excellent reasons you should attend TC Sessions: Mobility 2020...
Tags: TC, Tech, Engineer, Artificial Intelligence, Reid Hoffman, Head, Self-driving Car, Cto, Jeff Johnson, Ahti Heinla, Forward, Zoox, Co-founder, Nuro, Joby Aviation, Jesse Levinson


NUE Life Health raises $3.3M for its psychedelics-meets-tech mental wellness platform

NUE Life Health, a telemedine startup in the USA, is developing what it describes as a “next-generation mental wellness solution” employing treatments such as psychedelic-assisted therapies, combined with a graph database-driven app. The Miami-based startup has raised a $3.3m Seed round from investors including Jack Abraham (Atomic Ventures, Hims), Shervin Pishevar (Shervin Pishevar (formerly of Sherpa Ventures, UBER), Martin Varsavsky (Prelude Fertility, Overture), and Jon Oringer (Shutterstock...
Tags: TC, Florida, Usa, London, Tech, United States, Miami, Silicon Valley, Accenture, United Healthcare, Baltimore, Johns Hopkins, Cto, Mdma, Imperial College, California Texas


Lightyear is a new stock trading app from early Wise employees

Meet Lightyear, a new London-based startup coming out of stealth today. The company is building a stock trading app with a focus on creating a truly commission-free app. In addition to waving account fees and trading fees, Lightyear doesn’t charge foreign exchange fees either — up to a certain point. The two founders met when they were working at Wise — then known as TransferWise. That’s why it makes sense that Lightyear wants to stand out from the crowd with lower foreign exchange fees. Martin ...
Tags: Fundings & Exits, Startups, Mobile, Apps, Europe, London, Finance, Berlin, Tech, Trading, Skype, Stock Trading, Fintech, Cto, Sequoia, Taavet Hinrikus


Bloomberg's Joe Weisenthal explains why there's 'no obvious solution' for our never-ending supply chain predicament

Between a shipping container shortage and a pipeline hack, our supply chain seems as delicate as ever. Ted S. Warren/AP Welcome to Modes, a trucking newsletter by Business Insider's Rachel Premack. This is my full interview with Joe Weisenthal, who co-hosts Bloomberg's Odd Lots podcast and a daily show on Bloomberg TV. You can subscribe to Modes emails here. See more stories on Insider's business page. Hello Modes readers!Here is my full conversation with Bloomberg's Joe ...
Tags: Amazon, Transportation, Asia, New York, Greece, China, Trends, Bloomberg, Economy, Atlantic, New York Times, Tokyo, Big Mac, Wages, Fast Company, Derek Thompson


Stemma launches with $4.8M seed to build managed data catalogue

As companies increasingly rely on data to run their businesses, having accurate sources of data becomes paramount. Stemma, a new early stage startup, has come up with a solution, a managed data catalogue that acts as an organization’s source of truth. Today the company announced a $4.8 million seed investment led by Sequoia with assorted individual tech luminaries also participating. The product is also available for the first time today. Company co-founder and CEO Mark Grover says the product i...
Tags: Startups, Open Source, Lyft, Enterprise, Funding, Tech, Sequoia Capital, Data Management, Cto, Sequoia, Grover, Dorian Johnson, Amundsen, Recent Funding, Stemma, Mark Grover


Tesla files trademark, hinting at Elon Musk’s restaurant concept plans

Tesla has recently filed a new trademark for its brand under restaurant services, a sign the company might be finally gearing up to deliver on an idea that CEO Elon Musk and other company executives have discussed publicly since at least 2017. The company applied for three new trademarks that will cover the categories of: “Restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant services, according to the May 27 filing with the United States Patent a...
Tags: Food, TC, Transportation, Elon Musk, Tech, Tesla, Cto, Musk, Michelin Guide, Andre, United States Patent and Trademark Office, JB Straubel, Edouard Michelin, Kettleman City California, Tesla Supercharger, LA Elon Musk


The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. For my American readers, you might be traveling — perhaps for the first time in more than a year — because of the Memorial Day holiday. While Memorial Day is meant to honor members ...
Tags: Transportation, Asia, Twitter, Utah, Elon Musk, New York, Texas, Microsoft, Senate, White House, China, Ipo, Germany, Berlin, Softbank, America


Africa has another unicorn as Chipper Cash raises $100M Series C led by SVB Capital

Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so .  Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with completing transactions from one African country to another . Chipper Cash, a three-year-old startup that facilitates cross-border paymen...
Tags: Nigeria, Africa, US, Tech, Uganda, Iowa, Crypto, Kenya, SEC, Jeff Bezos, Fintech, Silicon Valley Bank, Cto, Central Bank of Nigeria, CBN, Nigeria South Africa


SVB-led $100M investment makes Chipper Cash Africa’s ‘most valuable startup’

Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so .  Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with completing transactions from one African country to another . Chipper Cash, a three-year-old startup that facilitates cross-border paymen...
Tags: Nigeria, Africa, US, Tech, Uganda, Iowa, Crypto, Kenya, SEC, Jeff Bezos, Fintech, Silicon Valley Bank, Cto, Central Bank of Nigeria, CBN, Nigeria South Africa


Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation

Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion. The...
Tags: Softbank, US, Tech, Brazil, Silicon Valley, Fintech, Latin America, Stanford University, Cto, Accel, Sao Paulo, Braga, Huber, Ribbit Capital, Nick Huber, Kevin Efrusy


RevenueCat raises $40M Series B for its in-app subscription platform

RevenueCat, a startup offering a series of tools for developers of subscription-based apps, has raised $40 million in Series B funding, valuing its business at $300 million, post-money. Founded by developers who understood the difficulties in scaling a subscription app first-hand, RevenueCat’s software development kit (SDK) solution gives companies the tools they need to build a subscription business, including not just adding subscriptions themselves, but maintaining them over time even as the ...
Tags: Apple, Google, Amazon, Startups, Mobile, Apps, Y Combinator, Microsoft, Funding, Tech, Developers, Mobile Apps, App Stores, App Store, Subscriptions, Cto


Breinify announces $11M seed to bring data science to the marketing team

Breinify is a startup working to apply data science to personalization, and do it in a way that makes it accessible to non-technical marketing employees to build more meaningful customer experiences. Today the company announced a funding round totalling $11 million. The investment was led by Gutbrain Ventures and PBJ Capital with participation from Streamlined Ventures, CXO Fund, Amino Capital, Startup Capital Ventures and Sterling Road. Breinify co-founder and CEO Diane Keng says that she and c...
Tags: Startups, TC, Enterprise, Funding, Marketing, San Francisco, Tech, Customer Experience, Artificial Intelligence, Machine Learning, Personalization, Cto, TechCrunch Disrupt Startup Battlefield, Recent Funding, Gutbrain Ventures, KENG