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Naspers, Innova Capital invest $82 million more for Movile's iFood delivery business
Dec 07, 11:10AM
Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin American food delivery vendor. Read MoreHonda is working with Chinese AI unicorn SenseTime on self-driving car tech
Dec 07, 10:57AM
Honda is putting the focus on artificial intelligence after it announced a partnership with SenseTime, a Chinese startup valued at over $1 billion, that will power its autonomous cars of the future. SenseTime, which raised a $410 million funding round this past summer and counts Qualcomm among its investors, is particularly well known for its object recognition technology which has been used… Read MoreSyte.ai's new API makes visual search accessible to more online fashion retailers
Dec 07, 10:43AM
Earlier this year, Syte.ai, which develops visual search technology for fashion brands, raised $8 million from investors including top Asian tech firms NHN, Line Corp. and Naver. Now it’s unveiling a new API that makes adding visual search accessible to more e-commerce sites. Read MoreFord recruits Alibaba to help break into China's electric vehicle industry
Dec 07, 9:16AM
Ford has put a lot of focus on China’s electric vehicle market — with a local joint venture expected to lead to 15 electric or hybrid models on sale in the country by 2025 — and today the automotive giant announced a tie-in with Alibaba to fulfill its ambitious goals. The scope of alliance is fairly broad and vague at this point, but a large chunk of the”strategic… Read MoreChattermill raises £600K to use 'deep learning' to help companies make sense of customer feedback
Dec 07, 9:00AM
Chattermill, a London-based startup that uses ‘deep learning’ to help companies make better sense of customer feedback, has raised £600,000 in seed funding. Backing comes from Entrepreneur First — Chattermill is an alumni of the company builder — and Avonmore Developments, along with a number of angel investors, including Jeff Kelisky, CEO of Seedrs. Read MorePatreon's new service fee spurs concern that creators will lose patrons
Dec 07, 8:50AM
Patreon announced a new service fee policy that it says will help creators keep more money, but many are worried because they believe it will instead discourage their patrons from pledging. The crowdfunding platform for artists currently takes a fee of 5% (creators also pay fees charged by payment processors like Stripe or PayPal) from each pledge. That changes on December 18, when patrons… Read MoreFacebook co-founder's B Capital leads $10M investment in Indian payment startup Mswipe
Dec 07, 7:30AM
B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Mumbai-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round announced this summer. Originally pegged at… Read MoreWorldRemit nabs $40M at a $670M valuation to boost its money transfer business
Dec 07, 6:02AM
WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year, and ramp its user number to 10 million. The company has picked… Read MoreBitcoin mining marketplace NiceHash loses tens of millions of dollars following hack
Dec 07, 4:29AM
Bitcoin is flying sky high after crossing the $14,000 mark for the first time, but one projected aimed at helping mine coins is short of at least $60 million after it was hacked. NiceHash, a marketplace that matches those with spare computing to power to miners wanting to create new coins, has confirmed that it has hit by attackers who snatched bitcoin. The company has paused operations for… Read MoreOkta reports earnings, moves headquarters and launches free service for startups
Dec 07, 1:26AM
It was a big day for online identity management provider, Okta. After reporting better-than-expected third-quarter earnings, the company also made a slew of announcements. Okta, which counts corporate clients like Nordstrom and government clients like the U.S. Department of Justice, said that it’s now going to let startups use its services for free. Young organizations with up to 25… Read MoreQualcomm's Snapdragon 845 focuses on AI, VR and battery life
Dec 06, 9:21PM
Qualcomm teased its new flagship smartphone chip at day one of its Summit in Maui, and, as expected, the company’s got a lot more to offer us on day two. The Snapdragon 845 is the latest premium processor, due out next year. And like its predecessor, the 835, you can expect the thing to be nearly ubiquitous on 2018’s flagship handsets — not to mention a few Windows PCs. Read MoreProtonMail encrypted mail service adds support for Apple Mail, Outlook and Thunderbird
Dec 06, 9:12PM
Mr. Robot’s email service of choice just expanded its support for a handful of popular email clients. ProtonMail just introduced a new tool, called ProtonMail Bridge, that could expand its relatively niche appeal to more mainstream users who aren’t yet comfortable with giving up their email client habits. ProtonMail, built around the encryption standard known as PGP (Pretty Good… Read MoreFacebook's former Oculus Story Studio team isn't done quite yet
Dec 06, 9:04PM
Today, Sundance Film Festival announced its lineup for next month. Included yet again were the entrants for the festival’s New Frontiers program, which hosts VR content. Virtual reality may not be the technology du jour in Silicon Valley as much as it was the past couple of years, but there are still plenty of milestones being traversed in the cinematic VR community. Read MoreAs Cook and Pichai leave China, Valley confronts rising internet tyranny in world's second largest market
Dec 06, 8:37PM
It’s been a bad few months for internet freedom in China (and really, a bad few decades, but who is counting?). The government brought into force a broad-ranging “cybersecurity law” earlier this year that empowers Beijing to take unilateral control over critical internet infrastructure, while also mandating that foreign companies keep all citizen data local inside China. Read MoreNew Homeland Security Secretary Kirstjen Nielsen brings her cybersecurity focus to domestic defense
Dec 06, 7:41PM
After a Senate vote on Tuesday, Kirstjen Nielsen has been confirmed as John Kelly’s replacement to lead the Department of Homeland Security. The top position at the DHS has remained open since Kelly left to join the White House as chief of staff in late July. Nielsen previously served on the Homeland Security Council in the George W. Bush administration. Read MoreLeesa mattresses are now in Pottery Barn
Dec 06, 6:45PM
You can now find Leesa mattresses, one of the many mattress-in-a-box startups, at Pottery Barn online. Pottery Barn parent company Williams-Sonoma announced the partnership today, saying in a press release, “Starting today, Pottery Barn customers can purchase Leesa’s American-made and expertly designed mattresses online at PotteryBarn.com/Leesa, marking Leesa’s growing… Read MoreLyft's self-driving pilot with nuTonomy begins rolling out in Boston
Dec 06, 5:55PM
Lyft is beginning its self-driving car pilot with self-driving car company nuTonomy in Boston as it looks to ramp up its self-driving efforts, and is now matching its riders with self-driving vehicles in parts of Boston, nuTonomy said today. Lyft announced its partnership with nuTonomy in June this year, indicating that the pilots would begin in the coming months. Read More9 of the most ridiculous pet gifts for your fur-loving friends
Dec 06, 5:43PM
We love our fur babies in Silicon Valley, and there’s plenty of tech to support them, feed them and keep them occupied while we’re away. We could give you a pet gift guide full of these tech gadgets, as we’ve done in the past. But some of what’s out there is just downright ridiculous… and because we all need a laugh, that’s our focus this year. Read MoreSonos and Ikea are collaborating on sound products for the home
Dec 06, 5:26PM
Sonos and Ikea just announced a new collaboration to “create future home sound experiences”. The companies say they want to make it easier to play music anywhere in the home – which makes sense, since Sonos’ main benefit is how easy their software makes it to set up and manage a system of speakers throughout your home. “Together with Sonos we want to democratize… Read MoreWatch Pitch@Palace Global live right here
Dec 06, 5:00PM
The Duke of York will be at St. James’s Palace today for #pitchatpalace Global. Pitch@Palace Global brings together entrepreneurs from 2017 Pitch@Palace events that took place in Africa, China, Singapore, Australia, United Arab Emirates and Mexico. Watch the live stream above starting at 5:30 p.m. GMT/9 a.m. PT. Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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