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Jul 07, 9:31AM
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Samsung has reported its most profitable quarter of business for over two years thanks to its resurgent smartphone business.
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Jul 07, 8:44AM
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Security giant Avast has announced it intends to acquire fellow Czech-based antivirus software maker AVG for a purchase price of $25.00 per share in cash — resulting in a transaction that will total around $1.3 billion.
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Jul 07, 8:14AM
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Facebook has denied censoring a viral video taken after a police officer fatally shot a man in his car in Minnesota. Lavish Reynolds pulled out her phone and began a Facebook Live stream after her boyfriend, Philando Castile, was shot by a police officer who, Reynolds said, had pulled their car over for a broken taillight in Minnesota’s Falcon Heights district. Media reported that…
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Jul 07, 7:30AM
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Being first to market with complex technology doesn’t usually make for a simple sales proposition. Nor does trying to pioneer an alternative approach as a small security startup vs established industry practices.
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Jul 07, 7:00AM
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Data science and tech startup Black Swan Data, which has built a platform to let companies improve their business/marketing intelligence by mining and crunching both public and internal consumer data, has closed £6.2 million in Series B funding.
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Jul 07, 6:20AM
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Brillen.de, a bootstrapped, family-run company in Germany that has built an online business selling its own eyewear by tapping into a network of independent and local opticians, has raised €45 million ($49 million) in its first-ever VC funding. The money comes from a single, notable, investor, Technology Crossover Ventures (which has backed the likes of Facebook, Spotify, LinkedIn,…
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Jul 07, 6:11AM
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Tesla has reiterated that drivers using Autopilot mode remain safer than those who don’t use it. The disclose came as the automaker continued to deny reports from Fortune that it misled investors and the public by taking too long to disclose details of a fatal accident involving one of its customers who was in Autopilot.
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Jul 07, 4:33AM
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Forerunner Ventures, an early-stage, San Francisco-based venture firm that focuses almost exclusively on e-commerce businesses, has raised a $122 million fund, shows an SEC filing that was filed earlier this morning. The firm was founded by Kirsten Green, who is listed on the filing along with Eurie Kim, a partner who joined the firm in 2012. The all-female firm also features an operating…
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Jul 07, 3:30AM
Snapchat has a big update and introduces memories, Another Tesla car accident, Ali Baba’s first smart car is unveiled, Etsy has payment processor problems, Light camera raises 30 million dollars and has delays. All this on Crunch Report!
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Jul 07, 1:08AM
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Aaaaand there it is: Pokemon Go is available for iOS and Android in the US.
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Jul 07, 1:00AM
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Here’s the dirty little secret about the Internet of Things: The things might not work, and you might not use them. As a consumer, many of your gadgets will collect dust tucked away in a drawer. As a business, many of your devices will not perform as well as expected, turning into maintenance-heavy money pits.
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Jul 07, 12:21AM
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In the U.S., it’s as if laws and regulations only apply to people of color — and when people of color bend them, they lose their lives. When white tech CEOs bend the laws at massive scale, they’re rewarded with billions of dollars and prestige. “You know how Silicon Valley advocates an Uber-esque model where everybody is an entrepreneur, disrupting markets while the…
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Jul 06, 11:57PM
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It was only a matter of time before Tinder for balance-sheet lenders and debt investors became a thing. Financial matchmaking platform Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international…
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Jul 06, 11:07PM
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It’s been less than a year since the consumer Gear VR was first shown off and it already seems as though Samsung and Oculus are regrouping to push out a new version of the pre-eminent mobile VR headset. A Dutch Samsung rumors site inexplicably found a listing from an Indian imports database that highlights a new model number (SM-R323) for the Gear VR device being shipped.…
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Jul 06, 10:50PM
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NASA scientists are bringing one of the most powerful computers in the world — just recently given a tune-up — to bear on the question “Where do stars come from?” So next time your toddler asks you that, you’ll be able to say something smart, like “hyper-dense elongated stellar filaments, child.”
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Jul 06, 10:41PM
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With more than 4.5 billion views and 8.5 million subscribers on YouTube, plus their own video platform, there is no arguing that Rooster Teeth has paved their way as one of the premier online entertainment content brands. Starting the company in the spare bedroom of Burnie Burns’ house 14 years ago — before YouTube, free video hosting or web encoding — Burns had a lot of ideas…
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Jul 06, 10:37PM
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Nike, the home of all things athletic, is joining the ranks of the programmers with its launch of open-source software. Last week, Nike published three open-source projects on GitHub: a JSON parsing framework, a distributed tracing solution for Java and a lightweight logging library written in Swift. The company also open-sourced the code that powers its own site on GitHub. While…
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Jul 06, 10:16PM
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Two separate reports claim Autopilot 2.0, an enhanced version of Tesla’s Autopilot semi-autonomous driving tech, is coming to vehicles soon, potentially as part of the upcoming 8.0 update of Tesla’s software. TechnoBuffalo reported that Autopilot 2.0 is confirmed as “coming soon,” while Electrek’s Fred Lambert discussed the feature in an earlier piece focused on…
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Jul 06, 9:48PM
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Venture capital used to be such an insular, under-the-radar industry that entrepreneur-investor Marc Andreessen has said that he’d never heard the term before arriving in the Bay Area in 1994. He’s hardly alone. It wasn’t until the mid- to late-1990s, during the dot.com boom, that the world became acquainted with what venture capitalists do. And it wasn’t until after…
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Jul 06, 9:13PM
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Pivotal, developers of the Cloud Foundry open source cloud development platform and Canonical, the company behind the popular Ubuntu Linux distribution, announced a partnership today where Ubuntu becomes the preferred operating system for Cloud Foundry. In fact, the two companies have been BFFs since the earliest days of Cloud Foundry when it was an open source project developed at VMware.
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