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Dan Primack / Axios:
After closing on around half of its $250M Fund VIII, August Capital abruptly ended the fundraising and will return the limited partner commitments — Silicon Valley venture firm August Capital held its annual holiday dinner on Dec. 6. The mood was festive, not only because of the season …
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Theodore Schleifer / Recode:
All Raise: 14 women were added to US VC firms in senior roles in Q2 2018, the most of any recent quarter, but about 75% of firms still have no female partners — Venture capitalists spent 2018 welcoming women to the fold, but the welcome has been fitful, uneven and, scariest of all, tentative.
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Apple stock was down over 9 percent overnight and continued the downward trend in trading this morning. In fact, the company’s stock price is down a total of 38 percent since October. This, after the company halted trading yesterday afternoon to provide lower guidance for upcoming earnings. As the iPhone upgrade market softened, it was having […]
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Timothy Williams / New York Times:
As Kansas City and others rush to remake themselves as “smart cities”, competing for attention from tech companies, experts worry about privacy and security — KANSAS CITY, Mo. — An algorithm predicts where potholes will emerge so road crews can resurface streets before cracks appear.
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CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round, which also saw participation from Axis Bank, one of CarDekho’s financing partners. […]
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It’s not Lunar New Year yet, but there is something new on the moon. In a major milestone for space exploration, China announced that its lunar program has successfully soft-landed a probe on the far side of the moon, making it the first country to do so. The historic landing was reported by Xinhua, China’s […]
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Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will continue to trade under the CLDR symbol on the New York Stock Exchange. “Today, we start an exciting new chapter for Cloudera […]
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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. Magic Leap and other AR startups have a rough 2019 ahead of them 2018 was supposed to be the year where […]
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Cate Cadell / Reuters:
Didi Chuxing rolls out a suite of financial products in China as it continues to diversify beyond the ride-hailing business, after a year of safety scandals — BEIJING (Reuters) - China's Didi Chuxing has launched a suite of financial products, including crowdfunding and lending …
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David Shepardson / Reuters:
FCC grants permission for Google to deploy its Soli radar-based sensors that enable touchless control of devices with hand gestures — WASHINGTON (Reuters) - Alphabet Inc's Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.
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This year’s CES is already shaping up to be another big show for smart home devices, with the Amazon Alexa/Google Assistant show down in the center ring. GE bought into the Alexa ecosystem fairly early on and got on-board with Google Assistant more recently. At the Pixel 3 event back in October, the company announced […]
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LG announcing all — or, at least, most — of its launches ahead of CES has become something of a time honored tradition. That’s one way to get noticed. This first week of the year tends to be among the slowest, and the same can’t be said for next, when we’ll be in the belly […]
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Babu Mohan / MySmartPrice:
Leaked video of Nokia 9 PureView shows a smartphone flagship with 5 rear-facing cameras, a 5.99" display with 2K resolution, and an in-screen fingerprint sensor — The Nokia 9 PureView will sport a 5.99" PureDisplay with 2K resolution and run on a Snapdragon 845 SoC under the hood.
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Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs, […]
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Very rarely does an early technology garner such an air of inevitability like AR has in the past few years. 2018 was supposed to be a year where the foundational tech for augmented reality was built out a bit and the industry took a couple big leaps. Things started off well-enough, but momentum really doesn’t […]
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Since the advent of bluetooth earbuds, charging case have been utilitarian, at best. Understandable. I suspect few, if any, purchase the things based on how their cases look. For many of us, however, headphones are the one piece of tech aside from a smartphone (and, perhaps, wearable) we never leave the house without. When they’re […]
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A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the largest coffee chain in China by number of cups sold and outlets by 2019. Caffeinated drinks are taking off in the tea-drinking nation. Average coffee […]
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Emil Protalinski / VentureBeat:
Net Applications: Windows 10 reached 39.2% worldwide OS market share in December, finally surpassing Windows 7, which dropped to 36.9% — More than three years after its release, Windows 10 has passed Windows 7 in market share. That means more desktop computers are now running Microsoft's latest …
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Sara Salinas / CNBC:
Netflix confirms it has hired Spencer Neumann as new CFO; source says Activision Blizzard fired Neumann because he was pursuing another job — - Netflix has hired Spencer Neumann as chief financial officer. He was the former CFO at Activision Blizzard. — Activision Blizzard fired Neuman …
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Netflix is giving viewers a look behind the scenes at the making of its first interactive story aimed at adults, Black Mirror: Bandersnatch. In a featurette published today, the streaming service highlights the efforts that went into making this “choose-your-own-adventure”-style film, which tells the story of a young programmer who begins to question reality while […]
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Social media has become a primary conduit for getting the word out, in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to make […]
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Dave Briggs / CNN:
Popular Fortnite streamer Tyler Blevins, aka Ninja, says he has earned nearly $10M in 2018, with 70% of the revenue coming from Twitch and YouTube — New York (CNN Business)Any year in which a young man earns a living playing video games is a pretty darn good one.
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Brian Heater / TechCrunch:
Review of Amazon's $30 Echo Wall Clock: handy but unnecessary, as it is limited to timers and alarms, and requires pairing with an Echo device — Amazon gets into the business of time with a $30 Alexa companion — This was the year Amazon went all-in on the Alexa.
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Chris Welch / The Verge:
Roku Channel adds premium subscriptions, with networks including Showtime, Starz, and Epix available on Roku devices and apps, Samsung smart TVs, and more — Pay for everything on one bill with your Roku account — The Roku Channel, which offers free-to-watch, ad-supported movies …
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The only kids programming language worth using, Scratch, just celebrated the launch of Scratch 3.0, an update that adds some interesting new functionality to the powerful open source tool. Scratch, for those without school aged children, is a block-based programming language that lets you make little games and “cartoons” with sprites and animated figures. The […]
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Wear and tear is a major issue in the realm of electric scooters, resulting in a short lifespan of individual scooters and poor unit economics. At the Consumer Electronics Show today, Segway -Ninebot unveiled the Model Max scooter, which is designed to help services like Bird and Lime, for example, reduce their respective operating and […]
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The Senate has officially confirmed the incoming FCC commissioners, Brendan Carr and Geoffrey Starks have been officially confirmed by the Senate for their five-year terms. This completes the five-seat commission, which is required to be balanced between the two parties — today's additions bring it to three Republicans and two Democrats.
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Shadma Shaikh / FactorDaily:
Sensor Tower: by the end of 2018, 44 of the top 100 apps in the Play Store in India were Chinese, with five among the top ten and TikTok taking the top spot — “TikTok is a Youtube killer.” — “Helo is giving ShareChat a tough time and has a higher chance of winning India market.”
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Stu Woo / Wall Street Journal:
Some of Huawei's clients complain Nokia and Ericsson are slow to release telecom gear as advanced as Huawei's, creating challenges if carriers have to switch — Nokia and Ericsson have been slow to release telecom equipment as advanced as Huawei's, major wireless providers say
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Amir Efrati / The Information:
Sources: Waymo has 950 employees while Cruise has 1,000+ and Uber's autonomous vehicle division has ~1,100; half of Waymo's 10-person executive team is female — Alphabet's Waymo self-driving car unit was the first to launch a commercial robo-taxi service, picking up and dropping off paying passengers.
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Chinese internet giant Tencent just lost a leading artificial intelligence figure. Zhang Tong, who previously worked at Yahoo, IBM and Baidu, has stepped down after directing Tencent’s AI Lab for nearly two years. The scientist will return to academia and continue research in the AI field, Tencent confirmed with TechCrunch on Thursday, adding that it […]
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The NFL is giving voice assistants a go. Earlier this year, the organization had tested the waters with the launch of a flash briefing called “NFL in :60,” but today the company is debuting its first standalone voice-enabled app. The new Alexa skill, “A Rookie’s Guide to the NFL,” is designed to serve as companion that […]
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Arjun Balaji:
Thoughts on the state of crypto in 2018, which marked the start of a crypto recession, and predictions for 2019 as experts now focus on adoption and usage — My thoughts on the state of crypto in 2018 and where we're headed — As another year wraps up, I started writing an email …
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Vengo, a six-year-old, Bethpage, New York-based startup that makes touchscreen vending machines for a wide variety of uses and clients, has raised $7 million in new equity funding, shows a new SEC filing. That roughly doubles the amount of money the company has raised over the years, including from such notable investors as Brad Feld, […]
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While Facebook continues to repair its image with consumers disenchanted with the social network’s role in disseminating misleading or false information and mishandling their personal data, it’s ironically been finding some traction for its enterprise-focused service, Workplace. Today, the company announced that it has added another huge company to its books today: Nestle, the coffee, chocolate […]
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