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H-E-B acquires Texas-based on-demand company Favor
Feb 16, 3:17PM
H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly-owned subsidiary of the grocery chain. The company first launched in 2014 at SXSW, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco, Favor built a product… Read MoreICO startups band together to create $100M+ grant fund for Ethereum projects
Feb 16, 3:00PM
In a first of its kind, half a dozen ICO companies have come together to collaborate on a new fund that promises to pay out more than $100 million to promising projects in the Ethereum crypto space. The vehicle — called the Ethereum Community Fund — will be supported by crypto projects Omise Go, Cosmos, Golem, Maker, and Raiden, with Japanese VC Global Brain also in tow. The door… Read MoreEquity podcast: Uber's losing billions, Amazon lays off hundreds and somehow Instacart gets more money
Feb 16, 2:10PM
Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast. On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news. First up, we talked about Uber, which is losing lots of money in Asia… Read MoreYandex shows off the first tests of self-driving cars on Moscow roads
Feb 16, 1:40PM
Russian search and internet services giant Yandex has been working on its autonomous driving program, and its most recent achievement is a public self-driving pilot of its self-driving test car in Moscow, the first such test on public roads in the Russian capital. Yandex had an additional degree of difficulty to contend with, too: Their recent testing, which kicked off in December of last… Read MoreBynder acquires digital asset management service Webdam from Shutterstock for $49.1M
Feb 16, 12:00PM
Bynder, one of the leading companies in the digital asset management space, today announced that it has acquired Shutterstock‘s Webdam. The Amsterdam-based company tells us that it paid $49.1 million for Webdam, which Shutterstock itself acquired back in 2014. Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam… Read MoreIndia's Zoomcar raises $40M led by automotive giant Mahindra & Mahindra
Feb 16, 8:13AM
India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still open and may be extended… Read MoreThe Rise of the Rest seed fund announces its first group of investments
Feb 16, 5:37AM
The Rise of the Rest seed fund’s first round of startup investments cover eight states that are usually overlooked by tech investors, including Kentucky, South Carolina and Ohio. The $150 million fund was launched in December by Steve Case and J.D. Vance, with backing from many of America’s most influential businesspeople, to support tech ecosystems outside of Silicon Valley, New… Read MoreCoinbase blames Visa for glitch that overcharged users
Feb 16, 5:33AM
While Coinbase has had its fair share of technical issues the last few months, it seems the latest one may not be its fault. Earlier today reports started coming in across social media and Reddit that Coinbase users were seeing strange charges on their credit and debit cards. Many of these were users being double-charged for a past transaction, although there were also some (unconfirmed)… Read MoreThis autonomous 3D scanner figures out where it needs to look
Feb 16, 12:09AM
If you need to make a 3D model of an object, there are plenty of ways to do so, but most are only automated to the extent that they know how to spin in circles around that object and put together a mesh. This new system from Fraunhofer does it more intelligently, getting a basic idea of the object to be scanned and planning out what motions will let it do so efficiently and comprehensively. Read MoreGoogle to acquire Xively IoT platform from LogMeIn for $50M
Feb 15, 11:33PM
Google announced today that it intends to buy Xively from LogMeIn, giving Google Cloud an established IoT platform to add to their product portfolio. Terms of the deal were not disclosed. Google indicated it wants to use this purchase as a springboard into the growing IoT market, which it believes will reach 20 billion connected things by 2020. Read MoreUnder Russian pressure to remove content, Instagram complies but YouTube holds off
Feb 15, 11:33PM
Instagram has taken down content posted by Russian opposition leader Aleksei Navalny under pressure from a government agency, while YouTube has yet to do so. Navalny and others have criticized Instagram for complying to what they call a politically motivated move to silence him. Read MoreMarvel's 'Black Panther' is a new high point for superhero cinema
Feb 15, 11:18PM
Black Panther doesn’t look like any movie I’ve seen. I mean, I don’t want to downplay America’s long history of black cinema (a history that already includes a handful of black superheroes). Nor am I ignoring the fact that Black Panther is the latest installment of the Marvel Cinematic Universe — so yes, it conforms in a number of ways to the dictates of… Read MoreFounders' Co-op, a fixture on Seattle's venture scene, is raising its fourth fund
Feb 15, 11:00PM
Founders’ Co-op, a Seattle-based seed-stage venture firm, is looking to close its fourth and newest fund with $25 million, according to an SEC filing that shows the outfit has raised at least $10.7 million toward that end. The firm — now a fixture on Seattle’s venture scene — was created 10 years ago and closed its last fund in 2015 with $20 million. Read MoreAs tech automates, Blinkist keeps its book summary service very human
Feb 15, 10:52PM
When I first heard of Blinkist, a service that breaks down recent nonfiction books to easily digestible snippets, I was afraid it would turn out to be some machine-learning-driven auto-summary thing. But in talking to co-founder Niklas Jansen, I was pleasantly surprised to learn that the company is still very much people-powered — and in fact, that may be the root of its continuing success. Read MoreTwitch launches always-on chat rooms for channels
Feb 15, 10:00PM
Game streaming site Twitch today is debuting an always-on chat room feature it’s simply calling “Rooms.” The addition was first announced at its developer event TwitchCon back in October, and was expected to launch before year-end. That timing shifted a bit, but the feature is going live today across both web and mobile for Twitch users worldwide. Rooms are custom chat… Read MoreThe plague of rationalization
Feb 15, 9:25PM
Failure doesn’t usually happen “to” startups. It happens when founders rationalize problems until it’s too late. Attack problems early and the startup will advance. Rationalize that the problems don’t exist and you’ll just be another depressing startup post-mortem. Read MoreSwiss pharma company Roche is buying Flatiron Health for $1.9 billion
Feb 15, 9:16PM
Roche, the global pharmaceutical company from Switzerland, today announced it will scoop up Flatiron Health, a startup analyzing real-time oncology data to help cancer patients and doctors, in a $1.9 billion deal. Flatiron has also confirmed the deal to TechCrunch. Read MoreYou can buy a $20 leather coaster for your HomePod
Feb 15, 8:15PM
Sure, yesterday’s big wood staining HomePod news was a bit of a black eye for Apple’s smart speaker, but it’s going to be a boon for one very specific, extremely narrow product category. I’m sure I’m going to get 50 similar pitches the minute this story publishes, but Pad & Quill owner Brian Holmes beat everyone to the punch by alerting us to a $20 leather… Read MoreSnap CEO Evan Spiegel basically says the Snapchat redesign is here to stay
Feb 15, 8:07PM
Despite a lot of backlash over a big redesign for the Snapchat app — which to be sure is a very big deal for a product-centric company like Snap — Snap CEO Evan Spiegel vigorously defended the redesign and basically said people need to get used to it. Spiegel said at the Goldman Sachs Internet & Technology Conference that even people complaining about the app was a sort of… Read MoreLyft gets into bike-sharing through partnership with Baltimore
Feb 15, 6:43PM
Bike-sharing has become the hot new mode of transportation for startups. Today, Lyft is announcing a partnership with the Baltimore Bike Share program to support new transportation hubs for bikes, and designated pick-up and drop-off spots for Lyft, the Baltimore Business Journal reports. 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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