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Resooma launches Resooma Bills to help 'generation rent' manage household expenditure
Feb 20, 9:00AM
Resooma, the U.K. accommodation booking platform, is entering the fintech and utilities space with the launch of Resooma Bills, a new product to help “gen rent” manage household expenditure. The Cardiff, Wales-based company’s core offering is an accommodation marketplace primarily targeting students and other renters aged 18-30. Previously trading under the brand name of University […]
German insurance giant Allianz increases its VC fund to $1.1 billion
Feb 20, 8:47AM
Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]
StarOfService switches business model for its independent contractor marketplace
Feb 20, 8:12AM
French startup StarOfService has recently switched its business model and has been profitable for the month of January 2019. The company operates a marketplace for independent contractors, a sort of Thumbtack for the rest of the world. If you're looking for a plumber, a music teacher or a DJ for a wedding, StarOfService can help […]
Binance releases a first version of its decentralized crypto exchange
Feb 20, 8:10AM
Binance, the world’s largest crypto exchange, has launched an initial version of its highly-anticipated decentralized trading service (dex) today which is available now at testnet.binance.org. The launch — which is initially a testnet as the URL suggests — has been a long time coming and it is designed to complement the main Binance exchange, which does […]
Image recognition startup ViSenze raises $20M Series C
Feb 20, 4:48AM
ViSenze, a startup that provides visual search tools for online retailers like Rakuten and ASOS, announced today that it has raised a $20 million Series C. The round was co-led by Gobi Ventures and Sonae IM, with participation from other backers including returning investors Rakuten and WI Harper. Founded in 2012, ViSenze has now raised […]
Netflix says new episodes of "Arrested Development" will debut on March 15
Feb 20, 3:20AM
It's time for another hit off the juice box. Netflix announced today that it will release the remaining eight episodes of "Arrested Development’s” fifth season on March 5, ten months after the first half premiered. In the intervening time, however, the show has dealt with several controversies revolving around accusations of abusive behavior from star […]
These hyper-efficient solar panels could actually live on your roof soon
Feb 20, 12:43AM
The clean energy boffins in their labs are always upping the theoretical limit on how much power you can get out of sunshine, but us plebes actually installing solar cells are stuck with years-old tech that's not half as good as what they're seeing. This new design from Insolight could be the one that changes all that.
Porsche Taycan production forecast may be 'conservative'
Feb 19, 11:34PM
Porsche’s production forecast for its first all-electric vehicle may be too conservative, the company’s head of production said this week. Porsche has targeted 20,000 Taycan electric vehicles for the first year of production. But interest in the vehicle could push those estimates higher, Albrecht Reimold, Porsche’s board member in charge of production, said in an internally […]
The SEC is looking to make it easier for any company to test the IPO waters
Feb 19, 11:21PM
Under the leadership of its newest chairman, Jay Clayton, the SEC has for the last two years made it clear that it wants more companies to go public already. A new proposal, revealed today, may get it closer to that objective. Specifically, the agency has proposed giving any company that’s exploring a potential IPO a […]
Invest in AI's ethical future
Feb 19, 10:00PM
I recently talked to a group of kids about AI. I asked them to come up with ideas for how AI could be used. I was struck by their genuine interest in creating AI solutions that would help people.
FDA warning brings controversial young blood transfusion company to a halt
Feb 19, 9:56PM
On Tuesday, the FDA issued a warning to anyone who might be inclined to give their old bones a jolt with fresh blood harvested from the young. The idea is pretty far from mainstream, even in Silicon Valley, where the ultra-wealthy have a keen interest in the cutting edge of life-extension science. Still, there’s apparently […]
Orai raises $2.3M to make you a better speaker
Feb 19, 9:41PM
Orai, a startup building communication coaching tools, is announcing that it has raised $2.3 million in seed funding. CEO Danish Dhamani said that he co-founded the company with Paritosh Gupta and Aasim Sani to address a need in his own life — the fact that he was “held back personally and professionally” by lackluster “communications […]
When surveillance meets incompetence
Feb 19, 9:14PM
Last week brought an extraordinary demonstration of the dangers of operating a surveillance state — especially a shabby one, as China's apparently is. An unsecured database exposed millions of records of Chinese Muslims being tracked via facial recognition — an ugly trifecta of prejudice, bureaucracy, and incompetence.
Airtable CEO Howie Liu on the continued importance of getting a 'unicorn' valuation
Feb 19, 8:40PM
When in 2015, Slack raised money at a $1 billion valuation, founder Stewart Butterfield spoke candidly about why it was important to him, and why if Slack wasn’t assigned a valuation north of that number at that point in time, Slack wouldn’t raise anything. Said Butterfield, speaking to Fortune, it “means that we're a part […]
This is the best VR headset I've ever demoed
Feb 19, 8:09PM
Before Oculus kickstarted a lot of the fervor around consumer headsets, the VR headsets that were being built for enterprise rigs were multi-thousands-dollar rigs that still sucked. As Oculus and HTC expanded their platforms, a lot of these enterprise-focused VR companies shriveled up or were forced to significantly retool how they approached fat-wallet customers. Things […]
EF raises $115M new fund, aiming to create another 300-plus startups in the next three years
Feb 19, 8:09PM
Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia, […]
Cybersecurity 101: Five settings to secure your iPhone or iPad
Feb 19, 8:00PM
iOS 12, Apple’s latest mobile software for iPhone and iPad, is out. The new software packs in a bunch of new security and privacy features you’ve probably already heard about. Here’s what you need to do to take advantage of the new settings and lock down your device. 1. Turn on USB Restricted Mode to […]
Space Force will be a Marines-like branch under Air Force authority
Feb 19, 7:55PM
President Trump is expected to sign into creation the Space Force today, as a special branch of the military overseen by the Air Force Department, according to a report in The Washington Post. The president’s decision is considered a win for the Air Force and Defense Department broadly, which had argued against setting up an independent […]
Amazon's Audible expands its original programming with new comedy series
Feb 19, 7:35PM
Over the past few years, Amazon -owned Audible has been expanded beyond audiobooks to include more original content, like the short-form audio programming offered through Audible Channels, for example. Today, the company announced a new partnership for original comedy projects, in collaboration with Lorne Michaels’ Broadway Video. The first production from this effort is “Heads Will […]
Watch the historic first private mission to the Moon launch Thursday night
Feb 19, 7:07PM
For the first time later this week, a privately developed moon lander will launch aboard a privately built rocket, organized by a private launch coordinator. It’s an historic moment in space and the Israeli mission stands to make history again if it touches down on the Moon’s surface as planned on April 11. The Beresheet […]
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