Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor SoftBank’s Vision Fund inches closer to $100B The top 10 cities for $100M VC rounds in 2018 so far Illinois’s startup market in 2018 was very strong, and it’s not slowing down as we settle
Month: January 2019
We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk
Reports emerged today that the FTC is considering a fine against Facebook that would be the largest ever from the agency. Even if it were ten times the size of the largest, a $22.5 million bill sent to Google in 2012, the company would basically laugh it off. Facebook is made of money. But the
Tom Griffiths has founded four companies, two of which “weren’t much to write home about,” he jokes. The third captured the world’s attention: FanDuel, the fantasy sports company that was routinely in the press — not always for desirable reasons — from nearly the day it launched, to its near merger with rival DraftKings, to its
Salesforce put the finishing touches on a tower in San Francisco last year. In October, it announced Salesforce Tower in Atlanta and today it was Dublin’s turn. Everyone gets a tower. Salesforce first opened an office in Dublin back in 2001, and has expanded to 1400 employees today. Today’s announcement represents a significant commitment to expand even
Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The startup’s novel addressing system isn’t the whole story. The ability to integrate what3words into voice assistants is what has
DJI, the world’s leading maker of consumer drones, said today that extensive corruption discovered within the company could lead to losses as great as $150 million in the 2018 financial year. The exact nature of the corruption is not stated, but it seems to involve dozens of people at the least. The China Securities Journal,
How do you do, fellow kids? After Facebook Watch, Lasso, and IGTV failed to become hits with teens, the company has been quietly developing another youthful video product. Multiple sources confirm that Facebook has spent months building LOL, a special feed of funny videos and GIF-like clips. It’s divided into categories like “For You”, “Animals”,
Google is removing apps from Google Play that request permission to access call logs and SMS text message data but haven’t been manually vetted by Google staff. The search and mobile giant said it is part of a move to cut down on apps that have access to sensitive calling and texting data. Google said in
European privacy campaigner Max Schrems has filed a fresh batch of strategic complaints at tech giants, including Amazon, Apple, Netflix, Spotify and YouTube. The complaints, filed via his non-profit privacy and digital rights organization, noyb, relate to how the services respond to data access requests, per regional data protection rules. Article 15 of Europe’s General
Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t deterring the Indonesian company from investing into the market. Today, Go-Jek announced that it has acquired local fintech company Coins.ph through “substantial investment” which gives it a majority stake in the business. The deal is officially
Netflix thinks “Fortnite” is a bigger threat to its business than HBO. The company in its latest quarterly earnings report released on Thursday said that while its streaming service now accounts for around 10 percent of TV screen time in the U.S., it no longer views its competition only as those services also providing TV
Y Combinator-backed startup Whyd is pivoting from hardware to software. The startup had been working on a connected speaker with a voice-control interface specifically designed for music. But a couple of years later, it’s clear that subsidized voice assistant devices from Google and Amazon have taken over the market. Whyd is only keeping its own
H. Moser & Cie. Swiss Alps is back with another Apple Watch lookalike. The $350,000 Watch Concept Black is a ludicrous take on the classic minute repeater design. And on this version, the wearer can only tell the time by chiming the watch. These sort of watches have a storied history that predate wristwatches by
Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S-headquartered PE firm has led a Series C investment in Vietnam’s Momo, which claims to be the country’s largest mobile
The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is
SimplyCook, the recipe kit service that focuses on flavour ingredients, has closed £4.5 million in Series A funding. The round is led by Octopus Investments. Unlike other recipe or meal kits, such as HelloFresh, Gousto and Marley Spoon, U.K.-based SimplyCook doesn’t send all of the fresh ingredients required to turn its recipes into food on
Flash, the stealthy mobility startup from Delivery Hero and Team Europe founder Lukasz Gadowski, is de-cloaking today, with news that the Berlin-based company has raised a whopping €55 million in Series A funding. Despite rumours that multiple VC firms would be involved, the bulk of the new funding comes from Target Global via its mobility
Bianca Gates is a first-generation American, her parents having immigrated to the U.S. from Latin America. As such, she says, after graduating from UC Irvine, she was expected to get a safe job with a 401(k) plan and to live with her parents until she was married. Things haven’t gone exactly that way, but one can
The President has announced that the Defense Department will pursue a space-based missile defense system reminiscent of the one proposed by Reagan in 1983. As with Reagan’s ultimately abortive effort, the technology doesn’t actually exist yet and may not for years to come — but it certainly holds more promise now than 30 years ago.
Dolby is secretly building a mobile music production app it hopes will seduce SoundCloud rappers and other musicians. Codenamed “234” and formerly tested under the name Dolby Live, the free app measures background noise before you record and then nullifies it. Users can also buy “packs” of audio effects to augment their sounds with EQs settings
Slack is losing its chief product officer April Underwood ahead of a direct listing expected in 2019. Tamar Yehoshua, a long-time Google vice president, has been tapped to fill Underwood’s shoes as Slack’s new product chief. Underwood joined Slack, the provider of workplace communication tools, in 2015 as its head of platform after a five-year
Twitter accidentally revealed some users’ “protected” (aka, private) tweets, the company disclosed this afternoon. The “Protect your Tweets” setting typically allows people to use Twitter in a non-public fashion. These users get to approve who can follow them and who can view their content. For some Android users over a period of several years, that may
SeeTree, a Tel Aviv-based startup that uses drones and artificial intelligence to bring precision agriculture to their groves, today announced that it has raised an $11.5 million Series A funding round led by Hanaco Ventures, with participation from previous investors Canaan Partners Israel, Uri Levine and his investors group, iAngel and Mindset. This brings the
Meet the Orcam MyMe, a tiny device that you clip on your T-shirt to help you remember faces. The OrCam MyMe features a small smartphone-like camera and a proprietary facial-recognition algorithm so that you can associate names with faces. It can be a useful device at business conferences, or to learn more about how you
Spotify is making it easier to use its streaming app in the car, when the phone is connected to the vehicle over Bluetooth. The company today confirmed the launch of a new feature called “Car View,” which is a simplified version of the service’s Now Playing screen that includes larger fonts, bigger buttons, and no
Pro.com is basically a general contractor for the age of Uber and Prime Now. While the company started out as a marketplace for hiring home improvement professionals, it has now morphed into a general contractor and serves Denver, Phoenix San Francisco, San Jose and Seattle. Today, Pro.com announced that it has raised a $33 million
Squad could be the next teen sensation because it makes it easy to do nothing… together. Spending time with friends in the modern age often means just being on your phones next to each other, occasionally showing off something funny you found. Squad lets you do this even while apart, and that way of punctuating
Immersive Games Lab, a new venture from Tough Mudder co-founder and Chairman Will Dean, has picked up around £2.5 million in seed funding, TechCrunch has learned. According to sources, London-based Index Ventures has led the round. In a call confirming the close, Dean told me Sweet Capital, and JamJar Investments (the VC fund set up
Word about the next member of the Pixel family started leaking out just after Christmas. Now the rumored Pixel 3 Lite is getting some more time to shine, courtesy of a three minute YouTube video that highlights what appears to be a budget addition to Google’s flagship hardware line. Perhaps most interesting here (aside from
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