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Elon Musk's flamethrower has already made well over $3.5 million
Jan 29, 2:13PM
Hats… and now flamethrowers. Elon Musk’s Boring Company has so far been more of a ‘lifestyle’ brand (and a weird one at that) than a company that, you know, digs massive tunnels through the earth as a going concern. But it’s making bank. The hats, which retailed for $20, were capped at 50,000, thus netting The Boring Co. a cool $1 million. The flamethrower, which… Read MoreRelx acquires ThreatMetrix for $817M to ramp up in risk-based authentication
Jan 29, 2:07PM
Another startup in the area of cyber security has been snapped up as platform businesses serving enterprises look for more ways of securing their own networks and working with customers to secure theirs. Today, the RELX Group (formerly known as Reed Elsevier) announced that it would acquire ThreatMetrix for £580 million (about $817 million) in cash. This is a big exit for ThreatMetrix, which… Read MoreBigID pulls in $14 million Series A to help identify private customer data across big data stores
Jan 29, 2:06PM
As data privacy becomes an increasingly important notion, especially with the EU’s GDPR privacy laws coming online in May, companies need to find ways to understand their customer’s private data. BigID thinks it has a solution and it landed a $14 million Series A investment today to help grow the idea. Comcast Ventures, SAP (via SAP.io), ClearSky Security Fund and one of the… Read MoreAn MIT team has created color-changing 3D prints
Jan 29, 2:00PM
Here’s another cool project out of MIT’s CSAIL labs. Researchers are looking to bring color-changing properties to the 3D-printing process in an attempt to help reduce material waste in the future. That last bit is admittedly a pretty lofty goal as far as this project is concerned, but at the very least, it could go a ways toward making 3D printing for manufacturing even more… Read MoreUK to fine critical organizations up to $24M if they fail to put in strong cyber security
Jan 29, 12:39PM
As companies gear up to make themselves complaint with upcoming data protection regulations in Europe around GDPR, those doing business in Member States will also be facing another wave of requirements around cyber security, as part of the NIS Directive covering network and information security that must be put into place across Member States by May 9, 2018. In the UK, the government has… Read MoreBonfire Ventures closes $60 million to invest in SoCal B2B startups
Jan 29, 12:05PM
Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice. New funds are launching in Los Angeles at a pretty feverish clip, and the latest to plant its flag in the city is Bonfire Ventures, which just closed a $60 million vehicle for… Read MoreContentSquare raises $42M Series B for its UX insights platform for mobile and web
Jan 29, 12:00PM
ContentSquare, which offers cloud-based software that helps businesses understand how and why users are interacting with their app, mobile and web sites, has picked up $42 million in Series B funding. Read MoreHong Kong plans TV ad campaign to warn against ICO and crypto investments
Jan 29, 11:58AM
Most financial authorities worldwide have warned their citizens on the risks of buying bitcoin or investing in ICOs, but Hong Kong is going a step further. Concern is such in the country that authorities are taking to TV and other media to warn of the risks of investment. Today the Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), which is a subsidiary… Read MoreFacebook starts polishing its privacy messaging ahead of GDPR
Jan 29, 11:41AM
As the May 25 deadline for compliance with the EU’s updated privacy framework fast approaches Facebook is continuing to PR the changes it’s making to try to meet the new data protection standard — and steer away from the specter of fines that can scale as high as 4% of a company’s global turnover. Read MoreMalaysia's capital will adopt 'smart city' platform from Alibaba
Jan 29, 10:29AM
Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially other parts of the country in the future. “City Brain,” an Alibaba Cloud service that uses big data and artificial intelligence on its cloud computing infrastructure, will be put to… Read MoreGoxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia
Jan 29, 8:34AM
Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops selfie apps and selfie-optimized phones, with participation from Hong Kong conglomerate Nan Fung Group via its inaugural Mills Fabrica Fund. Others who took part include a trio of young female… Read MoreFitness app Strava exposes the location of military bases
Jan 29, 7:42AM
Strava, the popular app for tracking running, cycling and swimming, is not the most obvious go-to for exposing national secrets, but a heatmap of activity from users has been found to unearth the locations of U.S. military bases worldwide. The company’s review of 2017 showed all routes taken by its users across the world. It was released back in November 2017, but it came to the fore… Read MoreGoogle confirms investment in Indonesia's ride-hailing leader Go-Jek
Jan 29, 5:39AM
Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment earlier this month, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, with commitments from… Read MoreBank-based blockchain projects are going to transform the financial services industry
Jan 29, 4:30AM
As the popularity of cryptocurrencies has grown, so has the banking industry’s interest in blockchain for fintech, with an increased and focused push on bank-backed blockchain projects. Read MoreFive myths of pre-seed investing
Jan 29, 2:30AM
Pre-seed has risen in prominence in recent months due to the growing gap between what founders are seeking at the seed stage and what the market is offering, yet conversations around pre-seed come with preconceived notions and false assumptions about the companies and investors who care about early stage funding. To break down these misconceptions, we’ve assembled a list of 5 common… Read MoreOxford University spin-out Bodle scores £6M Series A for its low-powered 'reflective' display tech
Jan 29, 12:00AM
Bodle Technologies is a startup spun out of Oxford University, that is developing a new type of ‘reflective’ display technology that promises to use a lot less power. In fact, in some states the screen tech may require almost no power at all. Read MoreHow publishers will survive Facebook's newsfeed change
Jan 28, 11:30PM
Facebook announced on January 11 that it would change its News Feed algorithm to prioritize posts from friends and family over public content. Say goodbye to never-ending sponsored posts from Tasty, CNN, and other brands that have embraced the platform. Time to say hello to more personal posts featuring commenting and sharing from your friends. Sounds like the original version of Facebook… Read MoreIntel reportedly notified Chinese companies of chip security flaw before the U.S. government
Jan 28, 11:18PM
Intel is not having that great of year thus far in the face of a slew of information about security flaws in it hardware coming out — and you can add another new report from The Wall Street Journal today, which suggests that Intel didn’t immediately notify the U.S. government of the issues, to that list. The Journal is reporting that Intel notified some of its customers of the… Read MoreHere's how to live stream the Grammys tonight
Jan 28, 5:58PM
Don’t have a TV or just want to watch Kesha, Cardi B and Lady Gaga walk the red carpet from the comfort of your laptop? Thanks to modern tech, that’s possible tonight. James Corden kicks off the 60th annual Grammy awards this evening, Sunday, January 28, at 7:30 pm EST/4:30 pm PST, which is set to run for three and a half hours (though, fair warning, these types of awards shows… Read MoreHow visual effects studio Mr. X helped create 'The Shape of Water' and its lovable merman
Jan 28, 5:30PM
At first, I wasn’t impressed by The Shape of Water‘s visual effects. That might seem like a strange thing to say about a movie whose effects have been nominated for multiple awards (though not an Oscar, despite the film’s 13 nominations). What I mean is this: When I was watching, I never wondered about the technology behind the merman — the sometimes-monstrous… 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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