Wednesday, January 31, 2018

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Trifacta nabs $48M from Google and others for its AI-based approach to ordering data

Jan 31, 2:09PM

 Trifacta, a big-data business intelligence startup that is building tools to help businesses structure and analyse data that gets generated in their networks through customer interactions and other actions, is today announcing that it has closed out its Series D round at $48 million, with a notable list of strategic and financial investors that includes Google, Ericsson, the Deutsche Börse,… Read More



Nintendo's Switch took just 10 months to outsell the Wii U

Jan 31, 2:00PM

 Nintendo’s Switch has only been on sale for 10 months but already it has outsold its predecessor, the Wii U, the flop that heralded Nintendo’s first step into hybrid gaming. The Japanese tech giant shifted a little over 13.5 million Wii U consoles across its entire lifecycle, and today Nintendo revealed that the Switch has reached 14.86 million sales to date. Business was so… Read More



Uber is piloting a bike-sharing service with JUMP

Jan 31, 2:00PM

 Uber is launching a bike-sharing service next week in partnership with JUMP, a startup that recently received the first and only permit to operate dockless bike-sharing in San Francisco. JUMP’s contract with the San Francisco Municipal Transportation Agency enables it to launch 250 of its dockless, electric bikes in San Francisco. After the first nine months of the program, the SFMTA… Read More



Google tweaks search snippets to try to stop serving wrong, stupid and biased answers

Jan 31, 1:41PM

 Google has announced some tweaks to search snippets to try to avoid creating problematic information hierarchies. Read More



Inside Joymode: a subscription service saving you from buying all of the things

Jan 31, 1:30PM

 What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche’s got a subscription service ) to construction equipment and furniture.  Well, the Los Angeles-based startup Joymode has just raised $14 million to be the subscription service for nearly everything else.  Read More



Asana raises $75M Series D led by Al Gore's Generation Investment Management

Jan 31, 11:49AM

 Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator President Sam Altman who also participated in the round.… Read More



Samsung confirms it is making ASIC chips for cryptocurrency mining

Jan 31, 11:07AM

 Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our… Read More



Bench bookkeeping service raises $18 million in funding

Jan 31, 11:00AM

 Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also participated in the round. Bench first launched out of TechStars NYC in 2012. Back then, the company was called 10Sheet, and it aimed to providing… Read More



SoftBank buys into Line's mobile service in Japan

Jan 31, 9:42AM

 SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issuance of new shares. The deal is expected to close by March. From the documents, its mobile business is valued at around $15 million (1.7 billion JPY) but a company spokesperson told TechCrunch… Read More



Speedinvest x is a new micro VC fund that will invest in European early-stage marketplace startups

Jan 31, 9:20AM

 A new vertical fund from pan-European VC firm Speedinvest is officially outing today. Dubbed “Speedinvest x” and targeting a final closing of €25 million, of which €20.5 million has already been committed, the micro VC fund will target early-stage marketplace startups exclusively. Read More



Samsung topples Intel to become the world's largest chipmaker

Jan 31, 7:08AM

 Samsung has ended Intel’s 25-year run as the world’s biggest seller of chipsets after it posted its 2017 end of year financials. The Korean tech giant’s chipset division — which has long been its biggest hitter — grossed total revenue of $69 billion in 2017, eclipsing the $62.8 billion Intel reported for last year. That was a record year for Intel — and… Read More



Spotify is testing a new playlist-based music app that's a lot like Pandora

Jan 31, 5:13AM

 Spotify is testing an app that sees it move firmly into Pandora’s territory. ‘Stations’ is a new Android-only app that is being piloted by the company in Australia — it was first noticed by app analytics firm Sensor Tower on Tuesday. This app offers a ‘lean-back’ option to listen to music based on genres and managed playlists. In the description, Spotify… Read More



Crunch Report | Amazon, JPMorgan and Berkshire Hathaway are building a healthcare company

Jan 31, 4:00AM

Amazon, JPMorgan and Berkshire Hathaway are building a healthcare company, Facebook is banning cryptocurrency ads and TrackR lays off 42 people. All this on Crunch Report. Read More



At the State of the Union, Trump touts tax cuts and immigration deal

Jan 31, 3:32AM

 With a president as mercurial as Trump, it was anyone’s guess what would happen during his first State of the Union address. The appearance is the president’s most high profile public speaking moment of the year and Trump was expected to touch on some of the issues of the moment, including funding for a border wall, infrastructure and an immigration deal. While less likely if… Read More



Chat app Line announces plan for cryptocurrency services, loans and insurance

Jan 31, 1:55AM

 Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company today announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans and insurance. Line already operates a payment… Read More



DroneGun Tactical is a portable (but still illegal) drone scrambler

Jan 30, 11:44PM

 The only thing growing faster than the global drone population is the population of people thinking “how can I knock these annoying things out of the sky?” DroneShield offers a way to do just that, and now in a much more portable package, with the DroneGun Tactical — that is, if you’re an authorized government agent, which I doubt. Read More



Appeals court rules that Tinder's pricing violates age discrimination laws

Jan 30, 11:17PM

 A California appeals court has sided with Allan Candelore, a man suing Tinder over the pricing for its premium service, Tinder Plus. Specifically, Candelore and his lawyers argued that by charging $9.99 per month if a user is under 30, versus $19.99 per month if you’re 30 or older, Tinder is discriminating based on age. Read More



Fools and their crypto

Jan 30, 10:44PM

 I believe that the token sale economy will drive the next startup revolution. Just as sites like TechCrunch, organizations like Y Combinator and the men in Dockers and fleece sweaters who populate Sand Hill Road defined (and still define) the last startup revolution, crypto will define the next one. But, as it stands, we cannot trust the participants, nor can we trust the products. Read More



Red Hat acquires CoreOS for $250 million in Kubernetes expansion

Jan 30, 10:39PM

 Red Hat, a company best known for its enterprise Linux products, has been making a big play for Kubernetes and containerization in recent years with its OpenShift Kubernetes product. Today the company decided to expand on that by acquiring CoreOS, a container management startup, for $250 million. Read More



TimeFlip is a time-tracking gadget simple enough that I might actually use it

Jan 30, 10:18PM

 If you’re like me, and I’m going to assume you are for the purposes of this post, you like the idea of time tracking, but generally it’s a bit too fiddly or complicated. TimeFlip is a super-simple gadget that lets you easily track how much time you spend on different activities just by flipping it around. Read More




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