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A Lime scooter rider died this morning in Washington, D.C., marking the second fatality this month
Sep 22, 1:35AM
Lime, the 18-month-old, San Francisco-based company whose bright green bicycles and scooters now dot cities throughout the U.S., launched a pilot program in Tacoma, Washington, today, but that tiny victory might have felt short-lived. The reason: on the opposite side of the country, a Lime rider was killed today by an SUV while tooling around Washington […]
Japan's Hayabusa 2 mission lands on the surface of a distant asteroid
Sep 21, 10:55PM
The coolest mission you haven't heard of just hit a major milestone: the Japanese Hayabusa 2 probe has reached its destination, the asteroid Ryugu, and just deployed a pair of landers to its surface. Soon it will touch down itself and bring a sample of Ryugu back to Earth! Are you kidding me? That's amazing!
Mithril Capital Management, cofounded by Ajay Royan and Peter Thiel, is leaving the Bay Area
Sep 21, 9:04PM
>From its glass-lined offices in San Francisco’s leafy Presidio national park, six-year-old Mithril Capital Management has happily flown under the radar. Now it’s leaving altogether and relocating its team to Austin, a spot that, among others the firm had considered, has “enough critical mass of a technical culture, an artisanal culture, an artistic culture, and […]
VCs say Silicon Valley isn't the gold mine it used to be
Sep 21, 9:01PM
In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising […]
Polestar unveils first production EV with aim to overtake Tesla
Sep 21, 6:58PM
Polestar debuted its first production EV and previewed its electric car line in New York with the CEO squarely taking aim at Tesla. The Volvo subsidiary pulled the cover off its Polestar 1, which it positioned less as a hybrid and more as a fully electric (gas optional) car to attract fence sitters to EVs.
Twitter says bug may have exposed some direct messages to third-party developers
Sep 21, 6:41PM
Twitter said that a “bug” sent user’s private direct messages to third-party developers “who were not authorized to receive them.” The social media giant began warning users Friday of the possible exposure with a message in the app. “The issue has persisted since May 2017, but we resolved it immediately upon discovering it,” the message […]
Instagram denies it's building Regramming. Here's why it'd be a disaster
Sep 21, 6:05PM
Instagram tells me Regramming, or the ability to instantly repost someone else’s feed post to your followers like a retweet, is “not happening”, not being built, and not being tested. And that’s good news for all Instagrammers. The denial comes after it initially issued a “no comment” to The Verge’s Casey Newton, who published that […]
Early-bird tickets close today, 9/21
Sep 21, 4:30PM
TC Sessions: AR/VR on October 18 at UCLA is gearing up to be a great show. Early-bird sales end after today, September 21. Don’t miss out on the biggest savings for this event — book your $99 tickets here before prices go up by $100. The stage will feature some of the industry's most groundbreaking […]
Interiors startup Clippings raises $15.4M Series B with Advance Venture Partners
Sep 21, 4:22PM
Back in April we saw that eporta, a London-based B2B interiors marketplace startup, had raised $8 million in a Series A funding round led by US investor Canvas Ventures. Eport has digitized the catalogues of furnishing manufacturers and allowed businesses to order direct, cutting out the middle-men. Now London is continuing its obsession with interior […]
Luxury fashion marketplace Farfetch closes at $28.45, up 42% on its first day of trading on NYSE
Sep 21, 3:31PM
It’s been a strong year for tech IPOs so far, and it looks like today’s debut of Farfetch — a UK-based shopping site for luxury fashion — is on trend, so to speak. The company opened trading today — on NYSE under the ticker FTCH — at $27, making for a decent pop of 35 […]
On-demand trucking app Convoy raises $185M at $1B valuation
Sep 21, 3:03PM
CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total raised to $265 million and values the company at $1 billion. New investors T. Rowe Price and Lone Pine Capital participated in the financing alongside existing […]
Trump's new cyber strategy eases rules on use of government cyberweapons
Sep 21, 2:00PM
The Trump administration’s new cyber strategy out this week isn’t much more than a stringing together of previously considered ideas. In the 40-page document, the government set out its plans to improve cybersecurity, incentivizing change, and reforming computer hacking laws. Election security about a quarter of a page, second only to “space cybersecurity.” The difference […]
Eventbrite goes public, and everyone else is raising hella money
Sep 21, 1:10PM
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines. This week we worked with an (excellent) skeleton crew. Our own Connie Loizos held down the fort with a guest that knew quite a lot: March Capital’s Jamie Montgomery. There was a healthy blizzard of news to get through, […]
uBiome is jumping into therapeutics with a healthy $83 million in Series C financing
Sep 21, 11:00AM
23andMe, IBM and now uBiome is the next tech company to jump into the lucrative multi-billion dollar drug discovery market. The company started out with a consumer gut health test to check whether your intestines carry the right kind of bacteria for healthy digestion but has since expanded to include over 250,000 samples for everything […]
Eight Roads Ventures targets Southeast Asia deals
Sep 21, 8:24AM
Eight Roads Ventures, the investment arm of financial giant Fidelity International, is moving into Southeast Asia where it sees the potential to plug the later stage investment gap. The firm has funds across the world including the U.S, China and Europe, and it has invested nearly $6 billion in deals over the past decade. The firm […]
Amazon makes offline retail push in India
Sep 21, 6:24AM
Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE firm Samara Capital pick up the […]
AdGuard resets all user passwords after account hacks
Sep 21, 1:09AM
Popular ad-blocker AdGuard has forcibly reset all of its users’ passwords after it detected hackers trying to break into accounts. The company said it “detected continuous attempts to login to AdGuard accounts from suspicious IP addresses which belong to various servers across the globe,” in what appeared to be a credential stuffing attack. That’s when […]
Cleo, the 'digital assistant' that replaces your banking apps, picks up $10M Series A led by Balderton
Sep 20, 11:00PM
When Cleo, the London-based “digital assistant” that wants to replace your banking apps, quietly entered the U.S., the company couldn’t have expected to be an instant hit. Many better-funded British startups have failed to “break America.” However, just four months later, the fintech upstart counts 350,000 users across the pond — claiming more than 600,000 […]
Watch how Tesla Model 3 earned NHTSA's top safety rating
Sep 20, 10:59PM
The Tesla Model 3 has had its share of struggles, from CEO Elon Musk’s well-documented production hell to more recent logistic “nightmares” that have slowed deliveries to customers. There’s one area where the Tesla shines: crash safety tests conducted by the National Highway Traffic Safety Administration. And the Tesla Model 3 is no exception. Check out the videos […]
Audible brings its audiobook library to the Apple Watch
Sep 20, 10:55PM
Didn't get your fill of Amazon news among the 70 or so announcements at today's Alexa event? Good news, Audible's got something to add to the deluge. The Amazon-owned audiobook site just announced the availability of its Apple Watch app. The offering brings pretty much what you'd expect. You can listen to audiobooks and manage […]
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