Posts filtered by tags: TC[x]


 

It’s “bullshit” that VCs are open for business right now (but that could change in a month)

This afternoon, the law firm Fenwick & West hosted a virtual roundtable discussion with New York-based venture capitalists: Hadley Harris, a founding general partner with Eniac Ventures; Brad Svrluga, a cofounder and general partner of Primary Ventures; and Ellie Wheeler, a partner with Greylock. Each investor is experiencing the coronavirus-driven lockdown in unique and even positive ways. Their professional experiences were very much in sync, however, and founders should know the bottom line i...
Tags: TC, New York, Tech, Wheeler, Venture Capital, Greylock, Eniac Ventures, HARRIS, Fenwick West, Fenwick, Ellie Wheeler, Primary Ventures, Hadley Harris, Brad Svrluga, Svrluga, Greylock Svrluga


$75M weed giant Caliva ditches Eaze, launches delivery

It’s a brutal time for marijuana startups. I’m hearing some are raising at 1/5th of their 2019 valuation amidst rampant competition, tall taxes, and slow legalization. The struggles for marijuana’s best-known startup, delivery service Eaze, continue as today it’s losing one of its top partners. $75 million-funded weed brand empire Caliva has dropped Eaze in favor of launching its own delivery system. By partnering with Hypur banking to solve the marijuana payments legality issue, Caliva will ...
Tags: Health, Startups, TC, Mobile, Ecommerce, Apps, California, La, Finance, Marijuana, Tech, Cannabis, Payments, Eaze, Bay Area, Malley


Double emerges from stealth with $6M to pair CEOs with remote assistants

CEOs often rely on executive assistants to handle the less glamorous logistics of their day so they can focus on managing a company, but hiring a full-time assistant isn’t always easy to justify, especially at a budding startup. Double is aiming to cater to busy C-suite execs who probably don’t need a full-time assistant but could still use some help managing their email, arranging travel, scheduling meetings and balancing their endless work with a personal life. They’re pitching a service to st...
Tags: TC, New York, Microsoft, US, Tech, Paris, Default, Index Ventures, Alice Default


On the heels of its NTWRK investment, FaZe Clan looks at global expansion despite pandemic

FaZe Clan, the esports mega-franchise worth more than $240 million, is still planning on moving forward with its international expansion this year on the heels of a multi-million-dollar funding round backed by investors including Jimmy Iovine and the startup shopping network, NTWRK. Backed by Drake, Live Nation and Iovine, NTWRK is not just an investor in FaZe Clan, the startup will also be the home for the esports entertainment hub’s future merchandising efforts. Part of the capital could go...
Tags: TC, Verizon, Tech, Musicians, Drake, Esports, Jimmy Iovine, Iovine, Online Gaming, Lee Trink, Trink, Quibi, Live-nation, Faze Clan, NTWRK, Trink Trink


I had COVID-19, but my tech guilt is worse

Ziad Reslan Contributor Share on Twitter All views are his own. More posts by this contributor Freelancers rights come of age as gig economy booms Egypt and Thailand: When the military turns against free speech I’ve been infected with the novel coronavirus for at least three weeks. It started with my partner coughing and feeling very tired. A couple of days later, I started showing the same sym...
Tags: Food, TC, Column, Opinion, Tech, Thailand, Egypt, Healthcare, San Jose, Philanthropy, Bay Area, Delivery Services, Ziad Reslan, Coronavirus, COVID-19, Silicon Valley Strong Fund


Seeqc raises $5M to help make quantum computing commercially viable

Seeqc, a startup that is part of a relatively new class of quantum computing companies that is looking at how to best use classical computing to manage quantum processors, today announced that it has raised $5 million from M Ventures, the strategic corporate venture capital arm of Merck, the German pharmaceutical giant. Merck will be a strategic partner for Seeqc and will help it to develop its R&D efforts to develop useful application-specific quantum computers. With this, New York state-bas...
Tags: Energy, Startups, TC, New York, New York City, Tech, Merck, Venture Capital, Emerging-technologies, Qubit, Quantum Mechanics, BlueYard Capital, M Ventures, HYPRES, John Levy, D-Wave Systems


Facebook to supply free Portals to some care home residents under NHS scheme

The UK government is pulling in tech firms to connect isolated residents and patients in care with family and friends via video call devices and services during the COVID-19 crisis. First to join is Facebook, which is supplying up to 2,050 of its Portal video-calling devices for free to hospitals, care homes and other settings including hospices, in-patient learning disability and autism units. The logistical rollout will be supported Accenture. Fifty of the devices have already been deployed to...
Tags: TC, Facebook, Europe, UK, London, Tech, NHS, Surrey, Freddy Abnousi, Manchester Newcastle, NHSX, Oliver Dowden, Iain O'Neilm, NHSX Digital Transformation Director, Health Technology Facebook


NASA seeks miniature scientific payload concepts for robotic Moon rover scouts

NASA’s Jet Propulsion Laboratory is seeking ideas from the public around what kind of scientific equipment they could use to outfit tiny lunar rovers to help with Artemis and other Moon missions. The call, issued via crowdsourcing platform HeroX and called ‘Honey, I Shrunk the NASA Payload’ in a very contemporary nod to a movie that came out 31 years ago, seeks payloads with maximum dimensions of no more than 4″ x 2″, or “similar in size to a new bar of soap.” Why the need for instruments so ...
Tags: TC, Space, Science, Tech, Nasa, Earth, United States, International Space Station, Moon, Space Exploration, Robotics, Spaceflight, Aerospace, Artemis, U.s. Government, Jpl


Quibi is the anti-TikTok (that’s a bad thing)

It takes either audacious self-confidence or reckless hubris to build a completely asocial video app in 2020. You can decide which best describes Quibi, Hollywood’s $1.75 billion-funded attempt at a mobile-only Netflix of six to 10-minute micro-TV show episodes. Quibi manages to miss every trend and tactic that could help make its app popular. The company seems to believe it can succeed on only its content (mediocre) and marketing dollars (fewer than it needs). I appreciate that Quibi is doin...
Tags: Social, Startups, TC, Mobile, Apps, Hollywood, Media, Instagram, Entertainment, Youtube, Messaging, Disney, Tech, Snapchat, Netflix, Mtv


Microsoft says video calls in Teams grew 1,000% in March

With the COVID-19 pandemic making work from home the default for those companies that are able to do so, it’s no surprise that we are seeing a massive rise in the usage of video chat tools like Zoom, Google Meet and Teams . We’d already heard some updates from Zoom and Google, but today Microsoft joined the parade with a new report on how its Teams users have adapted to the rise of remote work. Back on March 16, the company reported 900 million meeting minutes in Teams . Now, less than...
Tags: Google, TC, Microsoft, China, Tech, Broadband, Software, Windows Phone, United States, Netherlands, Computing, Teams, Norway, Microsoft-office, Zoom, Microsoft Teams


With $23 million for its plant-based, liquid meals, Kate Farms pushes into consumer and healthcare

Kate Farms, the supplier of a plant-based liquid meal formula used by hospitals and healthcare providers around the country as a nutritional supplement for patients who cannot process solid foods, has raised $22 million in a round of funding. The new money will allow the company to ramp up its production as it looks to meet significant new demand from both consumers and healthcare providers, according to chairman and chief executive, Brett Matthews. Founded by Richard and Michelle Laver, who ini...
Tags: Food, Startups, TC, Tech, Gmo, WhiteWave Foods, Kate, William, Richard, Lazard, Silver Lake, McKesson, Matthews, Diamond Foods, Boston Scientific, Baxter International


As VCs pull back, Clearbanc launches a way for startups to get runway

Startups are preparing for fundraising to become even harder to secure , due to a venture market slow down caused by COVID-19 . The pandemic has led to less market activity, which means fewer liquidity deals for investors, which translates into less fresh capital (or dry powder) to put into startups . As a result investors have told already-funded startups that they need to extend their runway until deal flow bubbles back up. Investors say this could take a couple of quarters, and looking at ...
Tags: Google, Startups, TC, Facebook, Tech, Stripe, SBA, Plastiq, Lighter Capital, D'Souza, Clearbanc, Michele Romanow, Andrew D'Souza, Coronavirus, COVID, Covid19


Pepper, a platform for restaurants and suppliers, pivots to deliver food to consumers

Though the effects of the coronavirus pandemic on restaurants has been crystal clear, many forget the impact this disease has had on food chain suppliers. With restaurants closed, these suppliers — who still have access to tons upon tons of food — no longer have customers. Meanwhile, end consumers are dealing with their own stresses around securing food, deciding between venturing out to the grocery store and ordering food through increasingly unreliable grocery delivery services. That’s where P...
Tags: Startups, TC, Enterprise, Boston, Tech, Pepper, Costco, Greylock Partners, Greylock, Cheung, Sam s Club, COVID-19, Coronvavirus, Bowie Cheung, Mike Duboe


Starling Bank isn’t furloughing permanent staff after all

Starling Bank, the U.K. challenger founded by veteran banker Anne Boden, isn’t furloughing any of its U.K. staff after all. In what appears to be a u-turn, it has been decided that the 41 staff who were going to be put on furlough, under the U.K. government’s Coronavirus Job Retention Scheme, are now able to continue working, meaning that Starling will not be applying for government furlough support. It was originally communicated that the reason for furloughing staff was that they hadn’t comple...
Tags: TC, Europe, Tech, Starling, Starling Bank, Anne Boden, Starling Bank the U K, Cheque Imaging and Connected Cards


Walmart Grocery app sees record downloads amid COVID-19, surpasses Amazon by 20%

Record demand for online grocery shopping amid the COVID-19 pandemic has sent the apps for grocery pickup and delivery services up the charts. Walmart Grocery, as a result, has now hit an all-time high in downloads — grabbing the No. 1 ranking position across all Shopping apps in the U.S. on April 5, 2020, and surpassing Amazon by 20%, according to a from app intelligence firm App Annie. The Walmart Grocery application retained that No. 1 position for at least two days, the firm said, citing d...
Tags: Google, Amazon, TC, Ecommerce, Apps, Tech, Walmart, E-commerce, Grocery Delivery, App Annie, Apple App Store, Online Grocery, Apptopia, Walmart Grocery, Walmart Grocery Instacart


Monzo to shutter Las Vegas customer support office, 165 employees being let go

Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn. The latest move — which TechCrunch understands was being considered prior to the pandemic, though undoubtedly the decision was escalated and made because of it — will see the U.K. challenger bank shutter its customer support office in Las Vegas. The U.S. outpost employs 165 custom...
Tags: Startups, TC, Europe, Layoffs, London, Tech, Las Vegas, Monzo, Personnel, Coronavirus, COVID-19, U K Monzo, Monzo USA, Monzo Las Vegas


COVID-19 symptom self-reporting app from startup Zoe and academic partners expands to the US

If you want to contribute to efforts to better understand and contain the COVID-19 pandemic, and you’re based in the U.S., you can do a lot with very little effort by downloading a free iOS and Google Play application called simply COVID Symptom Tracker. The app was originally developed in partnership with food science startup Zoe and released first in the U.K.; it was quickly in its first day of availability. The app aims to supplement information provided by testing programs and other public...
Tags: Health, Google, TC, Apps, Science, Pinterest, Medicine, US, Tech, United States, United Kingdom, Disease, Ben Silbermann, Data Security, Gdpr, Harvard Medical School


CDC’s new guidance around COVID-19 contact sends potentially exposed critical employees back to work

The Centers for Disease Control and Prevention (CDC) has issued updated, interim guidance for “critical infrastructure” employees during the ongoing COVID-19 pandemic that could have big implications for labor groups, gig economy workers, and tech company employees. The new guidance relaxes restrictions on employees who may have been exposed to COVID-19, focusing on implementing precautionary measures in the workplace rather than sending them home for self-isolation, as was the practice previous...
Tags: Health, Amazon, TC, Uber, Cdc, White House, Articles, Tech, Instacart, Centers For Disease Control And Prevention, Centers for Disease Control and Prevention CDC, Occupational Safety and Health, Coronavirus, COVID-19


France’s competition watchdog orders Google to pay for news reuse

France’s competition authority has ordered Google to negotiate with publishers to pay for reuse of snippets of their content — such as can be displayed in its News aggregation service or surfaced via Google Search. The country was the first of the European Union Member States to transpose the neighbouring right for news into national law, following the passing of a pan-EU copyright reform last year. Among various controversial measures the reform included a provision to extend copyright to...
Tags: Google, TC, Europe, Media, France, Germany, Tech, Eu, Spain, European Union, Fca, Google-News, Broadcom, Margrethe Vestager, EU Member States, Richard Gingras


12 major league edtech VCs discuss top trends, opportunities

Ready or not, edtech has been shoved into the spotlight as millions of students shifted to remote learning due to pandemic-related school shutdowns. But backing these companies are investors who have long believed that edtech was always set up for great returns and a big impact. We reached out to several to find out about which trends they’ve been willing to put their money behind. (And frankly, what we’ve been missing.) We got into how tech can help — or hurt — underserved students struggling t...
Tags: Fundings & Exits, Startups, TC, Asia, Education, Funding, US, Tech, Venture Capital, TechStars, Lightspeed Venture Partners, Jenny Lee, Reach Capital, Marlon Nichols, Jennifer Carolan, GGV


Japanese payment service provider Paidy raises $43 million from ITOCHU

Paidy, a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU. The company says it has now raised a total of $281 million in equity and debt. Its latest investment from ITOCHU, one of the largest Japanese trading companies, was equity funding. ITOCHU previously participated in Paidy’s Series B and C rounds, and this brings the total it has invested into the startup to $91 mill...
Tags: Fundings & Exits, Startups, TC, Japan, Tech, Tokyo, ICT, Itochu, Paidy, PayPal Ventures, Shuichi Kato, Financial Business company


Japanese payment service provider Paidy raises $43M from ITOCHU

Paidy, a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU. The company says it has now raised a total of $281 million in equity and debt. Its latest investment from ITOCHU, one of the largest Japanese trading companies, was equity funding. ITOCHU previously participated in Paidy’s Series B and C rounds, and this brings the total it has invested into the startup to $91 mill...
Tags: Fundings & Exits, Startups, TC, Japan, Tech, Tokyo, ICT, Itochu, Paidy, PayPal Ventures, Shuichi Kato, Financial Business company


MIT develops privacy-preserving COVID-19 contact tracing inspired by Apple’s ‘Find My’ feature

One of the efforts that’s been proposed to contain the spread of COVID-19 is a contact trace and track program, that would allow health officials to keep better tabs on individuals who have been infected, and alert them to potential spread. Contract tracing has already seemingly proven effective in some parts of the world that have managed to curb the coronavirus spread, but privacy advocates have big reservations about any such system’s implementation in the U.S. There are a number of proposals...
Tags: Apple, Ios, Health, Google, Android, TC, Science, Bluetooth, Microsoft, Mac, Tech, Smartphones, Mit, United States, Aclu, Computing


App development shop V/One is giving away 50,000 free mobile app builds to budding LA mobile businesses

The Los Angeles-based app development shop, V/One, is giving away 50,000 free mobile app builds through the rest of April as the company officially launches its platform for would-be, LA-based mobile app moguls. Since its soft launch, December 20th of last year, the app development company has built over 100 new applications. The company’s December launch featured an “app accelerator” and offered a guidebook for people who wanted to develop mobile applications to work with the development shop o...
Tags: TC, La, Cloud Computing, Los Angeles, Entrepreneur, Tech, Computing, Machine Learning, Virtual Reality, Executive, Mobile App Development, Redman, Cloud Infrastructure, Cloud Applications, App Builder, Erp Software


Index raises $1.2B growth fund and $800M to invest in emerging startups

It’s not quite business as usual in the world of business, but in tech, there is still a significant amount of money being raised and invested, both to help sustain the most promising startups, and to help find those emerging despite (or because of) the wider economic and social crises arising from the coronavirus pandemic. Today, one of the biggest names in VC, Index Ventures, announced that it has closed another $2 billion in funds –$1.2 billion that it plans to use for growth rounds (larger, ...
Tags: TC, Tech, Datadog, Index Ventures, Index, Mike Volpi, VC Index Ventures, Insight Partners, Slack Adyen


ClimateView raises $2.5 million for its toolkit to visualize climate mitigation plans

ClimateView, a Swedish software development company working on monitoring and visualization tools for greenhouse gas emissions, said it has raised $2.5 million in its latest round of financing. While the world is gripped by the material and economic toll of the COVID-19 epidemic, the problems society faces from longterm global climate change have not gone away. It’s against this backdrop that investors including the Norrsken Foundation, an impact investment firm established by Klarna co-fo...
Tags: TC, Climate Change, Articles, Tech, Global Warming, Nature, Greenhouse Gas Emissions, Software Development, Panorama, Premier, Zendesk, Unity Technologies, Ggv Capital, Klarna, General Partner, Co-founder


Energica CEO plots her Italian EV company’s reboot from lockdown

There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The coronavirus pandemic has forced Energica to hit the brakes on production of its battery powered machines that can reach top speeds of 168 mph. From lockdown in her Northern Italy home, Cevolini shared perspective on t...
Tags: TC, California, Los Angeles, Tech, Ceo, United States, Motorcycles, Ducati, Italy, Computing, Dell, Vancouver, Electric Motorcycles, Harley Davidson, TechCrunch, Northern Italy


Outrunning COVID-19 twice

Editor’s note: Our writer Rita’s journey from China to the US and back again was planned months before the coronavirus pandemic descended on the world. That descent ended up turning a simple trip home into a kind of epic journey. The changes in her location — which we reference, but do not dwell on, to help anchor the story — gave her a unique perspective on the changing landscape — and outlook — of the world as COVID-19 infections spread. We’re publishing a diary of that period here in part to ...
Tags: TC, Asia, Hong Kong, Texas, China, US, America, Tech, Chicago, Beijing, Philadelphia, Airbnb, Taipei, Costco, Wuhan, Shenzhen


Gillmor Gang: Digital Ben

The Gillmor Gang — Frank Radice, Michael Markman, Keith Teare, Denis Pombriant and Steve Gillmor . Recorded live Sunday, March 29, 2020. The Gang returns with a Zoom recording, checking in from London, Seattle, Palo Alto, Boston, and the Bay Area. Produced and directed by Tina Chase Gillmor @tinagillmor @fradice, @mickeleh, @denispombriant, @kteare, @stevegillmor, @gillmorgang Liner Notes Live chat stream The Gillmor Gang on Facebook
Tags: TC, Video, Tech, Gang, Gillmor Gang, Steve Gillmor, Keith Teare, Frank Radice, Bay Area, Ben, Gillmor, Tina Chase Gillmor, Denis Pombriant, Michael Markman, London Seattle Palo Alto Boston


Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments

The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both. Bessemer Venture Partners investor Tess Hatch has been helping guide companies in their portfolio through these strange times, and has been rolling with the punches herself. Hatch recently spoke to us about the investment advice she’s been offering, which companies are being hit hard...
Tags: Startups, TC, Space, Tech, Drones, Satellites, Venture Capital, Aerospace, Bessemer Venture Partners, Bessemer, Hatch, Tess Hatch, Extra Crunch, Coronavirus, COVID-19