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Alan raises another $45 million for its health insurance product
Feb 18, 6:31AM
Paris-based startup Alan has raised a Series B round of funding of $45 million (€40 million). Index Ventures is once again leading the round, with partners of DST Global also participating. The company had raised a $28 million funding round only ten months ago. Alan is a software-as-a-service startup tackling a very specific industry — […]
Razer is closing its game store after less than a year
Feb 18, 6:00AM
Razer is one of the dominant brands in gaming when it comes to buying equipment to play, but one of its biggest efforts to own a larger slice of digital spending hasn’t gone according to plan. After less than a year, the company announced that it will close its digital game store at the end of […]
China tells teachers to quit assigning homework through WeChat
Feb 18, 5:54AM
China’s education authorities are about to take some burden off parents with school-aged children. A proposal posted last week by the Department of Education in China’s eastern province of Zhejiang said teachers should be banned from using WeChat, QQ or other mobile apps to assign homework or ask parents to grade students’ assignments. As mobile internet […]
GoCardless raises $75M Series E for its recurring payments network and heads to America
Feb 18, 5:00AM
Compared to startups born into the frothy London fintech space as it exists today, 2011-founded GoCardless could well be considered a slow burner. However, in more recent years, the nearly 300 person company — headed up by co-founder and CEO Hiroki Takeuchi — has undoubtedly stepped on the gas in a bid to become the […]
Etsy error resulted in large amounts being withdrawn from some sellers' bank accounts and credit cards
Feb 18, 3:06AM
An Etsy bill payment error resulted in large amounts of money being withdrawn from several sellers' bank accounts and credit cards on Friday morning. While the company says the issue has been resolved and was not the result of fraud, the headache isn't over for affected sellers because Monday is a federal holiday in the United […]
Stop saying, "We take your privacy and security seriously"
Feb 18, 12:07AM
In my years covering cybersecurity, there’s one variation of the same lie that floats above the rest. “We take your privacy and security seriously.” You might have heard the phrase here and there. It’s a common trope used by companies in the wake of a data breach — either in a “mea culpa” email to […]
UK parliament calls for antitrust, data abuse probe of Facebook
Feb 18, 12:01AM
A final report by a British parliamentary committee which spent months last year investigating online political disinformation makes very uncomfortable reading for Facebook — with the company singled out for “disingenuous” and “bad faith” responses to democratic concerns about the misuse of people’s data. In the report, published today, the committee has also called for […]
What business leaders can learn from Jeff Bezos' leaked texts
Feb 17, 9:30PM
Joel Wallenstrom Contributor Joel Wallenstrom is president and chief executive of Wickr, a secure communications company. Before Wickr, Joel co-founded iSEC Partners, one of the world's leading information security research teams, later acquired by NCC Group, and served as Director for Strategic Alliances at @stake, one of the very first computer security companies in the […]
SeaBubbles shows off its 'flying' all-electric boat in Miami
Feb 17, 6:44PM
We were promised flying cars but, as it turns out, flying boats were easier to build. SeaBubbles, a “flying” boat startup that uses electric power instead of gas, hit Miami this weekend to show off one of its five prototype boats — or six, if you count an early, windowless white boat they’ve lovingly dubbed […]
OpenAI built a text generator so good, it's considered too dangerous to release
Feb 17, 5:17PM
A storm is brewing over a new language model, built by non-profit artificial intelligence research company OpenAI, which it says is so good at generating convincing, well-written text that it’s worried about potential abuse. That’s angered some in the community, who have accused the company of reneging on a promise not to close off its […]
VCs aren't falling in love with dating startups
Feb 17, 5:09PM
Coinciding with Valentine's Day, Crunchbase News took a look at the state of that most awkward of pairings: startups and the pursuit of finding a mate.
Please stop marking yourself safe on Facebook
Feb 17, 2:00PM
Let me begin by saying that Facebook’s Crisis Response pages do a lot of good. They are a locus for donations and offers of help. But that said, for the love of humanity, when something bad happens, please stop marking yourself safe on Facebook. They don’t mean to prey on our anxieties. They mean to […]
Vision system for autonomous vehicles watches not just where pedestrians walk, but how
Feb 16, 10:28PM
The University of Michigan, well known for its efforts in self-driving car tech, has been working on an improved algorithm for predicting the movements of pedestrians that takes into account not just what they're doing, but how they're doing it. This body language could be critical to predicting what a person does next.
How to read fiction to build a startup
Feb 16, 7:33PM
"The book itself is a curious artefact, not showy in its technology but complex and extremely efficient: a really neat little device, compact, often very pleasant to look at and handle, that can last decades, even centuries. It doesn't have to be plugged in, activated, or performed by a machine; all it needs is light, […]
ClassPass, Gfycat, StreetEasy hit in latest round of mass site hacks
Feb 16, 7:02PM
In just a week, a single seller put close to 750 million records from 24 hacked sites up for sale. Now, the hacker has struck again. The hacker, whose identity isn’t known, began listing user data from several major websites — including MyFitnessPal, 500px and Coffee Meets Bagel, and more recently Houzz and Roll20 — earlier this week. […]
Investor momentum builds for construction tech
Feb 16, 6:10PM
Although it's not the sexiest of industries, the hefty construction sector in 2018 attracted not only the attention but, more importantly, the dollars of investors.
Visa and Mastercard could raise interchange fees
Feb 16, 3:46PM
According to a report from the WSJ, Visa and Mastercard are considering raising interchange fees on card transactions in the U.S. Visa and Mastercard generate most of their revenue from these small processing fees, and it could have implications for merchants and fintech startups. When you pay with a credit or debit card, merchants pay […]
Uber sues NYC to contest cap on drivers
Feb 16, 3:18PM
Uber filed a lawsuit against New York City, The Verge reported. The company wants to overturn New York City's rule that caps the number of new ride-hailing drivers. Last summer, the city approved legislation that halts the issuing of new licenses to drivers for 12 months. It has been a multi-year fight between Uber and […]
Transportation Weekly: Didi woes, how Nuro met Softbank, Amazon's appetite
Feb 16, 2:00PM
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the second edition and seriously people, what happened this week? Too much. Too much! Never heard of TechCrunch’s Transportation Weekly? Catch up here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you […]
Startups Weekly: Is Y Combinator's latest cohort too big?
Feb 16, 1:00PM
Plus, e-scooter subscription services are a thing now, the Vision Fund is betting big on autonomous delivery and Facebook almost bought Unity.
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