Thursday, June 30, 2016

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Festival travel booking site Festicket raises $6.3M Series B

Jun 30, 8:00AM

Homepage (1) Festicket, the UK startup that lets you book a wide range of music festival experiences, has closed $6.3 million in Series B funding. Lepe Partners led the round, with participation from existing investors Wellington Partners, PROfounders, and Playfair Capital. Read More



Hacker takes over Oculus CEO's Twitter account, announces new CEO

Jun 30, 6:33AM

brendan-iribe-oculus12 Oculus CEO Brendan Iribe had his Twitter account hacked Wednesday; the hacker took the opportunity to promptly announce a new CEO for the virtual reality company. Update: the account appears to be back under Brendan’s control. This is just the latest in a string of tech CEO’s having their Twitter accounts compromised, this attack does not appear to be from the same hacker… Read More



IBM demos an employee hack for gathering live video data via drone

Jun 30, 5:50AM

IBM developer Andy Trice popped by the TechCrunch New York offices to demo a hack he’s been working on in his spare time, utilizing the company’s cloud computing platform and off-the-shelf drone hardware from DJI. The system, which started as a pet project for Trice, is able to gather and transmit data in real-time, offering up such useful contextual information as precise… Read More



Ayesha Curry launches a new food-delivery startup

Jun 30, 4:10AM

13445638_1019552778133985_3114649044919713423_n Want to eat like Steph Curry? Now you can. Ayesha Curry, the wife of NBA all-star Stephen Curry, has a new food delivery startup. The company is called Gather, and will deliver ingredients and recipes directly to your door on a weekly basis. https://t.co/e7bXFopFLp sign up now for updates on my meal-kit delivery! Let's GATHER together and cook! #gather pic.twitter.com/bLbgoFl0Nx… Read More



Watch Microsoft Accelerator's London Demo Day here

Jun 30, 4:00AM

Various denominations of pound notes are seen in this arranged photograph in London, U.K., on Thursday, May 17, 2012. U.K. Prime Minister David Cameron plans to say today he won't swerve from his austerity plan, warning members of the European single currency that failure to resolve their problems carry "huge risks for everybody." Photographer: Chris Ratcliffe/Bloomberg via Getty Images TechCrunch is pleased to bring you Microsoft Accelerator’s London Demo Day on June 30th from 7:30-10:00am PT, 3:30-6pm GMT. The Microsoft Accelerator is an immersive three- to six-month program aimed at helping entrepreneurs get through the challenges of building a company, finding customers and scaling to global markets. There are seven accelerators located around the world, from… Read More



The rise of the overbanked and the opportunity to serve them

Jun 30, 1:00AM

bankheadache Meet Alvin, a Silicon Valley executive in his late-30s. Alvin has accounts with three banks, an online brokerage account and has borrowed from no less than nine lenders in the past five years. In today’s world, why wouldn’t he? Financially literate, technologically savvy and affluent, Alvin is a member of the overbanked. Read More



MoneyLion brings traditional banking ever closer to obsolescence

Jun 30, 12:40AM

Businessmen pushing house and piggy bank in shopping carts in opposite directions The lingo of personal finance is rapidly changing. Mint has replaced our nagging parents and significant others who think our spending is out of control. Wealthfront and Betterment took away our personal wealth managers. Heck, we don’t even have to go to a bank anymore to get a loan with SoFi or Lending Club. Since 2013, CEO Diwakar Choubey and his team have been developing MoneyLion… Read More



HTC Vive announces $10 billion VR Venture Capital Alliance

Jun 30, 12:16AM

Screen Shot 2016-06-29 at 5.11.19 PM VR technologies are going to be requiring a shit ton of capital as they look to make the crossover from R&D phases to mass market adoption. HTC is certainly looking to do its part to make sure that the headset technologies it is building have a broader ecosystem to fall into. Today, at the GSMA Mobile World Congress in Shanghai, HTC Vive announced a $10 billion initiative to put… Read More



Global counter-terrorism database World-Check leaks online

Jun 30, 12:08AM

Leak At least one non-authorized person obtained sensitive information following the leak of global counter-terrorism database World-Check, owned by Thomson Reuters. Chris Vickery, a security researcher at the software company MacKeeper, posted on Reddit that a copy of the World-Check database from mid-2014 had come into his possession. “No hacking was involved in my acquisition of this… Read More



This portable 200W "laser bazooka" is terrifying and unnecessary — and I want one

Jun 29, 11:57PM

styro small Have you ever played with a laser pointer? Those usually cap out at around 0.005 watts. This guy built a “laser bazooka” that, at 200 watts, comes in at about 40,000 times stronger than that. While YouTuber styropyro built his bazooka out of materials torn from a bunch of broken DLP projectors and “a stack of lithium batteries,” this… isn’t something you… Read More



Tech's real role in student debt

Jun 29, 11:41PM

U.S. Democratic presidential candidate Hillary Clinton speaks at Galvanize, a learning community for technology, in Denver, U.S. June 28, 2016. REUTERS/Rick Wilking Hillary Clinton’s campaign advisers sought to explain the student debt deferment portion of her tech agenda on a call with reporters today, after the item generated criticism that the plan would provide financial benefit to wealthy members of the tech sector. Read More



Impact Engine closes its accelerator and a $10 million impact fund

Jun 29, 11:35PM

A blurred CTA Brown Line rapid transit train passes across Chicago's Wells Street Bridge and in front of the massive Merchandise Mart illuminated at night on its way to the Merchandise Mart elevated station. Built in 1930, the Mart is  located on the north shore of the Chicago River. When built it became the largest building in the world with 4 million square feet of floor space. The art deco-styled landmark continues as a leading retailing and wholesale destination and is so large that it has its own CTA rapid transit station and also had its own ZIP code until 2008. An accelerator that backed for-profit, for-good ventures, Impact Engine, is abandoning the bootcamp approach and shifting its focus to investing in these startups as a seed fund, according to CEO and Partner Jessica Droste Yagan. Based in Chicago’s 1871 startup hub, Impact Engine also closed a $10 million fund to support this pivot. The fund is its fourth, but now Impact Engine will… Read More



Google-backed undersea cable between US and Japan goes online tonight

Jun 29, 11:04PM

faster-cable Google started making investments in a number of undersea cables back in 2008, but one of its largest investments was in the $300 million FASTER cable between Japan and the U.S. West Coast. Back in 2014, Google announced that it was joining a consortium of six companies, including NEC, China Mobile, China Telecom, Global Transit and KDDI, to better connect the two countries. As… Read More



ProducePay raises $2.5M to bring cashflow to farmers

Jun 29, 11:01PM

Pablo Borquez Schwarzbeck ProducePay has raised $2.5 million to solve what CEO Pablo Borquez Schwarzbeck said is a major issue for farmers — getting paid in a timely manner for their crops. Borquez Schwarzbeck explained that farmers usually have to cover the cost of not just growing the produce, but also shipping — and then they have to wait for it to get sold before they get paid themselves. And since… Read More



Move Loot, a YC-backed furniture resale marketplace, shuts down, sells customer list to Handy

Jun 29, 10:24PM

move loot There’s some closure (literally and figuratively) for Move Loot, the furniture resale marketplace that we wrote earlier this month was up for sale. The startup — backed by nearly $22 million in funding from a list of top investors that included Y Combinator, GV, Index, Metamorphic and Sherpa — has shut down its business and sold access to its customer list to Handy, the… Read More



This is how anti-paparazzi clothing works

Jun 29, 10:21PM

BetaBrand Photobomber If paparazzi have a right to take photos (they do) and newspapers are allowed to print photos taken by paparazzi (they do), it stands to reason that those in the brief spotlight of an eager photographer’s flash have a right to fight back, too (they do). Anti-paparazzi clothing has been around for a while, and if you’ve ever wondered how it works, oh boy have you come to the… Read More



It's official: Kleiner just pulled off a $1.4 billion fundraise

Jun 29, 9:34PM

BERLIN, GERMANY - FEBRUARY 15: Dollar bills standing on a table on February 15, 2016, in Berlin, Germany. (Photo by Thomas Trutschel/Photothek via Getty Images) So much for losing its mojo. Despite twists and turns in recent years that have sometimes rivaled those of a telenovela, and even with its most famous member, John Doerr, no longer a general partner, Kleiner Perkins has raised two new funds totaling $1.4 billion, show newly processed SEC filings. The firm’s digital growth fund — its third — has secured $1 billion in… Read More



Shasta Ventures is raising a $300 million fifth fund

Jun 29, 9:03PM

Mount Shasta Shasta Ventures is raising up to $300 million for a fifth fund according to a new SEC filing that lists managing director Jason Pressman and Rob Coneybeer (Coneybeer co-founded Shasta with fellow managing directors Tod Francis and Ravi Mohan in 2004; Pressman joined the following year). Shasta appears to be sticking with its knitting with its new fund. It saw an enormous return when its… Read More



Here's a big list of all the "Ok, Google" commands you've probably forgotten

Jun 29, 8:42PM

ok google The aptly named Ok-Google.io is the big ol’ massive list of “Ok, Google” commands that Google is too proud to build right into Android. It’s gorgeous, it’s easy to navigate, and it’s pretty much guaranteed to teach you at least one trick you didn’t know Google Now could handle. Read More



Google.org, Omidyar Network backing Fast Forward, the accelerator for tech nonprofits

Jun 29, 8:07PM

Fast Forward co-founders Kevin Barenblat and Shannon Farley. An accelerator that helps tech nonprofits develop their products and raise grant money, Fast Forward, has attracted $1.25 million in philanthropic funding of its own. Backers include big names in venture capital and tech. Omidyar Network, Google.org and BlackRock donated the largest share, along with AT&T, The Nasiri Foundation and Rita Allen Foundation. Fast Forward will use the money… Read More




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