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Jan 17, 1:40PM
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One of the primary advantages of cloud computing has always been the ability to scale up to meet short-term needs and scale back when that need has been met. In other words, you don’t have to pay for infrastructure that you don’t need to hedge against heavy usage. That has mostly meant server capacity, but over time it has been applied to other cloud services. Now, developers…
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Jan 17, 1:30PM
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One of the more unexpected sights within the United States Capitol lies just outside the Old Supreme Court Chamber. There you can find a plaque marking the first ever long-distance communication by electronic telegraph, which took place inside the Capitol in 1844, when Samuel Morse sent and received messages from Baltimore. Morse’s first experimental line was made possible thanks to a…
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Jan 17, 1:00PM
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One of the most prominent seed investors in Utah, Kickstart Seed Fund, has closed on its fourth fund at $74 million — nearly doubling from the last funding of $39 million and toppling Peak Ventures as the fund with the mostest raised in the region. The large increase was driven by several institutional investors as well as several notable Utah entrepreneurs including Aaron Skonnard…
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Jan 17, 12:23PM
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Anomali, a threat detection and mitigation company, announced a hefty $40 million Series D investment today led by Lumia Capital. The company was previously known as ThreatStream. New investors Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures along with returning investors GV, General Catalyst, IVP and Paladin Capital Group also participated in the round. The company would…
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Jan 17, 11:31AM
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Content, as they say, is king — but these days, that may be true only for as long as you can figure out a good business model to deliver it. And today, a startup based out of Toronto, Canada is re-upping its coffers to fill out its ambition to do just that. Wattpad, a storytelling and reading/viewing app that combines crowdsourced content with professionally produced material, has picked…
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Jan 17, 11:24AM
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China’s Didi Chuxing unveiled its bike-sharing platform today and, as expected, it looks like a very aggressive move to protect its position. When Didi first announced its plans to offer rides from Ofo and Bluegogo inside its app, I argued that this was far from a positive gesture since the ultimate goal is control. By introducing its own service inside its own app to its own…
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Jan 17, 11:13AM
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Swedish startup Natural Cycles, which offers an app-based product which it bills as a ‘digital contraceptive’, has been reported to Sweden’s Medical Products Agency (MPA) by a local hospital after it recorded 37 unwanted pregnancies among women who said they had been using the app as their contraception method.
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Jan 17, 10:01AM
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Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over…
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Jan 17, 7:51AM
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How do you compete with the world’s largest chat app in its strongest market? Hike, the Indian messaging app valued at more than $1 billion, is taking a unique approach to battling WhatsApp which involves dismantling its service, layering it on budget Android phones and offering free connectivity. The company, which is backed by the likes of Tencent and Foxconn, today unveiled…
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Jan 17, 7:01AM
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Fintech startup Revolut is launching international medical and dental insurance. You can subscribe using the company’s app for £1 per day or more depending on the options. But the best part is that you can set it up and forget about it as Revolut uses your device’s location data to automatically turn insurance coverage on and off. By default, insurance coverage costs £1 per day…
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Jan 17, 1:58AM
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Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down. In a release on its website the platform said the shutdown is attributed to “continuous bad press” surrounding the platform, two cease and desist letters from both Texas and North Carolina’s securities boards,…
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Jan 17, 1:54AM
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A month after announcing plans to open its first AI lab in China, Google is expanding again through a move into Shenzhen. The U.S. tech giant has opened an office in the Chinese city, which borders Hong Kong and known for being a global hardware hub, according to an internal email obtained by TechCrunch. This isn’t a fully-blown Google campus, instead the company has taken up space within…
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Jan 17, 1:06AM
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In an effort to regain advertisers’ trust, Google is announcing what it says are “tough but necessary” changes to YouTube monetization.
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Jan 17, 12:52AM
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TWiT, officially known as This Week in Tech, is suing Twitter. The audio and video media platform alleges breach of written contract, breach of oral agreement, intentional interference with prospective economic advantage and trademark infringement.
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Jan 17, 12:13AM
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The Awl, the hard-to-classify site that published compelling personal essays, media commentary and much more, announced today that it will be shutting down at the end of January, along with its sister site The Hairpin. The site was founded in 2009 by Gawker alums Choire Sicha and Alex Balk, and while you could definitely hear echoes of the Gawker style, it soon established itself as a home for…
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Jan 17, 12:09AM
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On Tuesday, the Senate undertook a cloture vote to end debate on a bill that would renew a controversial legal loophole that provides U.S. intelligence agencies with a means for the warrantless surveillance of American citizens. With 60 for and 38 against, the Senate voted in favor of cloture, a considerable blow to privacy advocates who have long pushed for reform.
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Jan 17, 12:00AM
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Curve, the London fintech startup that offers a platform that lets you consolidate all your bank cards into a single Curve card and app to make it easier to manage your spending, is finally launching to U.K. consumers. Up until now, the service remained in beta and was only officially available to business users.
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Jan 16, 11:56PM
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Seems DJI was keeping its powder dry last week at CES. The drone giant announced a pair of camera gimbals at the show, but the big news was still a couple of weeks away. The company has sent out invites for its next big announcement, set for January 23 in New York City. The location could be a hint as far as what to expect here. In recent years, the company has preferred Los Angeles as the…
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Jan 16, 11:37PM
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After years of drought and parched conditions, the U.S. tech IPO market could see a number of well-known players push forward with their debuts in 2018. That sentiment is grounded in the number of companies currently rumored to have filed or started preparation for a public debut. However, the wave may not manifest. In the past few years, there has been a surprising dearth of IPO activity.
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Jan 16, 11:18PM
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Marketron, a company whose software helps radio and TV broadcasters manage their advertising, has a new owner and a new CEO. The company announced this morning that it has been acquired by private equity firm Diversis Capital. It also announced that Michael Collins, previously the CEO of mobile ad startup Adelphic, is taking over from Jeff Haley as CEO.
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