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Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Mar 06, 10:13AM
Efficient computer vision systems are a critical component of autonomous and assisted driving vehicles, and now a startup that has developed a way to deliver computer vision technology without relying on costly and bulky hardware — by building deep learning software that can run even on low-end processors — has secured a round of funding […]
A healthcare investment fund has become one of Israel's largest with a $660 million close
Mar 06, 10:02AM
One of Israel’s single largest venture capital funds is a new later stage vehicle focused on healthcare. The aMoon investment firm launched its second vehicle in April 2018 and it just announced its final close with $660 million in assets under management — making it one of the largest (if not the largest) firm in […]
Africa Roundup: Kenya's BRCK acquires EveryLayer, Nigeria's TeamApt eyes global expansion
Mar 06, 8:30AM
Kenyan communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income segments. BRCK is a five year old venture that pairs its rugged WiFi routers […]
Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia
Mar 06, 6:06AM
Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary […]
FDA approves esketamine nasal spray, the first new major depression drug in more than 30 years
Mar 06, 4:09AM
In one of the most significant milestones for depression treatment in decades, the U.S. Food and Drug Administration announced today that it has approved a new drug with esketamine, a derivative of ketamine. Made by Johnson & Johnson under the brand name Spravato, the drug is meant to be taken as a nasal spray in […]
Grab confirms $1.46B investment from SoftBank's Vision Fund
Mar 06, 3:39AM
Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. The Southeast Asian ride-sharing company said the new money will be used to further its super app strategy, which is aimed at making its service a daily […]
Prosecutors find Uber not criminally liable in 2018 Arizona self-driving crash that killed a pedestrian
Mar 06, 2:42AM
Yavapai County prosecutors said today that Uber is not criminally liable in a crash last year when one of its self-driving cars fatally struck a pedestrian in Tempe, Arizona. The autonomous SUV, which had a backup driver behind the wheel, collided with Elaine Herzberg while she was walking across the street. She later died as […]
Minnie Ingersoll, co-founder of the fast-growing car marketplace Shift, just became a VC in LA
Mar 06, 12:30AM
Minnie Ingersoll has already had an enviable career. After 12 years at Google, working as product manager and later principal with Google.org, she co-founded the venture-backed online car marketplace Shift in 2013, then she left to join the nonprofit Code for America, where she learned entirely new skills, including managing finance and marketing and recruiting. […]
Startup Law A to Z: Customer Contracts
Mar 05, 11:07PM
Your startup needs customers to survive. If and when you make sales or generate installs, you are wading into the fast moving stream of commerce and exposing yourself to risk. Well-drafted customer contracts limit your liability and create legally enforceable rights to get paid for your work. In fact, contracts are actually dispute prevention mechanisms, […]
Elon Musk wasn't wrong about automating the Model 3 assembly line — he was just ahead of his time
Mar 05, 10:00PM
In 2017, when Tesla announced incredibly ambitious Model 3 production targets of 5,000 Model 3s per week and the beginning of "production hell," analysts were wary.
The Silicon Valley exodus continues
Mar 05, 9:52PM
Y Combinator, a longtime resident of Silicon Valley, is planning to move its HQ to San Francisco.
FDA Commissioner Scott Gottlieb abruptly resigns from his post
Mar 05, 9:20PM
That was unexpected, including by the FDA, apparently. FDA Commissioner Scott Gottlieb resigned today, an administration official tells The Washington Post, adding that Gottlieb will relinquish the office in one month. Unlike many people who leave the Trump administration, the resignation wasn’t sought or expected, reports the Post, which notes Gottlieb has recently hired senior […]
Music services company Kobalt is raising a big round that could exceed $100 million
Mar 05, 8:08PM
Kobalt, a 19-year-old, London-based music services company that operates as both a music publisher and a service-based music company — among other things, it helps artists collect the royalties owed them — is reportedly raising a new round of funding that could surpass $100 million. Music Business Worldwide (MBW) reported on the round yesterday, with […]
Pre-register for huge savings on Disrupt SF 2019
Mar 05, 7:58PM
Disrupt San Francisco 2019 — the epic, three-day conference celebrating early-stage startups — may not take place until October 2-4, but it's never too soon for serious savings. Want to shave $500 off the price of admission? Heck yeah, you do! Here's the deal. Registration officially opens later this month. Simply sign up for our […]
Pininfarina's $2 million electric 'Battista' hypercar is faster than a Formula 1 race car
Mar 05, 7:22PM
Automobili Pininfarina, the automaker brand infused with Pininfarina design house DNA and owned by India’s Mahindra Group, revealed its first production car this week at the Geneva International Motor Show. And it’s an audacious inaugural effort. The Pininfarina Battista — a nod to design house founder Battista “Pinin” Farina — is an all-electric beast of […]
Barstool Sports founder reportedly blames company 'idiots' for copyright controversy
Mar 05, 7:03PM
In a recent Twitter thread, comedian Miel Bredouw recounted some shady behavior by Barstool Sports’ legal team. In fact, even Barstool Sports founder Dave Portnoy isn’t trying to defend it, and instead reportedly described it as “moronic,” admitting it, “makes us look like assholes.” According to Bredouw (who backed up her account with screenshots of […]
UK Far Right activist circumvents Facebook ban to livestream threats
Mar 05, 6:48PM
Stephen Yaxley-Lennon, a Far Right UK activist who was permanently banned from Facebook last week for repeatedly breaching its community standards on hate speech, was nonetheless able to use its platform to livestream harassment of an anti-fascist blogger whom he doorstepped at home last night. UK-based blogger Mike Stuchbery detailed the intimidating incident in a […]
Wefox Group, the Berlin-based insurance tech startup, raises $125M Series B led by Mubadala
Mar 05, 6:11PM
Wefox Group, the Berlin-based insurtech startup behind the consumer-facing insurance app and carrier One and the insurance platform Wefox, has raised $125 million in Series B funding. Notably, the round is led by Abu Dhabi government-owned Mubadala Ventures (which is also an LP in SoftBank’s Vision Fund) and is the first investment from Mubadala's newly […]
Daily Crunch: Jibo dies a lonely death
Mar 05, 6:02PM
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. The lonely death of Jibo, the social robot The company behind Jibo came to an unceremonious end late last year, in […]
Gaming clips service Medal has bought Donate Bot for direct donations and payments
Mar 05, 5:58PM
The Los Angeles-based video gaming clipping service Medal has made its first acquisition as it rolls out new features to its user base. The company has acquired the Discord -based donations and payments service Donate Bot to enable direct payments and other types of transactions directly on its site. Now, the company is rolling out […]
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