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How to see our world in a new light
May 16, 2:09PM
Startups are ultimately vessels of speculation, of new products, new markets, and innovations the world has never seen. While data and information are important components for exploring the frontiers of the possible, perhaps the best way is through stories and fiction, and especially speculative fiction. We've been fortunate at Extra Crunch to have noted novelist […]
SugarCRM moves into marketing automation with Salesfusion acquisition
May 16, 2:06PM
SugarCRM announced today that it has acquired Atlanta-based Salesfusion to help build out the the marketing automation side of its business. The deal closed last Friday. The companies did not share the purchase price. CEO Craig Charlton, who joined the company in February, says he recognized that marketing automation was an area of the platform […]
Anchor's new feature lets listeners leave voice messages for podcast hosts
May 16, 2:00PM
February's acquisition of Anchor was a savvy move on Spotify's behalf. It's a clever and rapidly growing company that will help the music service get a big leg up in its bid to build podcast operation. For the looks of it, however, the big buy out isn't making Anchor complacent when it comes to building […]
Instagram adds Stories to Explore tab. Here's how to get on it
May 16, 1:59PM
Instagram’s pivot to Stories continues with an overhaul of Explore designed to let users dig deeper into their niche interests. Stories are now eligible to show up in the Explore tab for the first time, giving creators a way to get discovered through their intimate, silly, behind-the-scenes content instead of just their manicured feed posts. […]
Samsung reportedly readying Galaxy Fold for release after finding 'fix'
May 16, 1:35PM
Samsung's been mostly quiet on the Fold front after recalling review units and indefinitely delaying the phone's release. Understandably so. It couldn't have been easy going back to the drawing board with one of buzziest handsets in recent memory. While we've been waiting word, the company has been exploring fixes and attempting to determine the […]
GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app
May 16, 1:05PM
As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for people to discover and book sightseeing tours, tickets for attractions and other experiences around the world — is today announcing that […]
OpenFin raises $17 million for its OS for finance
May 16, 1:01PM
OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, […]
Openfinance opens up US trading of third-party digital assets
May 16, 1:00PM
Openfinance, the secondary market for trading digital alternative assets, announced it will be opening up trading of third-party digital securities to US Investors, making it the first trading platform to do so. The company already supported the trading of third-party digital securities (securities that have been migrated onto the blockchain that are now traded on […]
Daimler and BMW-backed Kapten rides into London with anti-Uber ad campaign
May 16, 12:26PM
Kapten, the French ride-hailing app backed by Daimler and BMW, has today launched in London, coupled with a feisty ad campaign taking a swipe at Uber’s tax arrangements. It follows Kapten (formerly called “Chauffeur Prive”) obtaining a license from TfL, London’s transport regulator, to operate its private-hire vehicle (PHV) service in the U.K. capital city. […]
Europol, DOJ announce the takedown of the GozNym banking malware
May 16, 12:24PM
Europol and the U.S. Justice Department, with help from six other countries, have disrupted and dismantled the GozNym malware, which they say stole more than $100 million from bank accounts since it first emerged. In a press conference in The Hague, prosecutors said 10 defendants in five countries are accused of using the malware to […]
Instagram is killing Direct, its standalone Snapchat clone app, in the next several weeks
May 16, 11:09AM
As Facebook pushes ahead with its strategy to consolidate more of the backend of its various apps on to a single platform, it’s also doing a little simplifying and housekeeping. In the coming month, it will shut down Direct, the standalone Instagram direct messaging app that it was testing to rival Snapchat, on iOS and […]
Mobile ticketing company TodayTix raises $73M in new funding
May 16, 11:00AM
TodayTix, a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances, is announcing a new $73 million round of funding led by private equity firm Great Hill Partners. The company was founded in 2013, and it served initially as the mobile equivalent of New York’s […]
Google's new plan to push Google Pay in India: cashback incentives in Android apps
May 16, 9:18AM
Google is gunning for India’s payment companies. The U.S. search giant entered India’s payment space in 2017, and now it is hatching an initiative that could boost usage of its Google Pay service by tying it tightly to Android apps in the country. The company has built an in-app engagement rewards platform that promises to […]
Find out how to save €200 on Disrupt Berlin 2019
May 16, 9:00AM
Calling all startup fans across Europe and around the world. The TechCrunch crew's planning return-trip number seven to host Disrupt Berlin 2019 on 11-12 December. The official registration doesn't open until June, but we've got a little sumpin' sumpin’ to save you serious money right now. Are you in? Simply sign up for our mailing list before registration […]
Alibaba invests about $635M in Red Star Macalline, one of China's largest furniture sellers
May 16, 8:40AM
Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of China's biggest furniture retailers. If converted, this would give Alibaba about a 10 percent stake in the company. It also purchased 3.7 percent of Red Star Macalline's publicly traded shares on the Hong Kong stock […]
China's Tesla wannabe Xpeng starts ride-hailing service
May 16, 8:01AM
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming […]
Xnor's AI2GO serves up custom edge AI models with a few clicks
May 16, 7:01AM
AI would be useful for tons of everyday tasks for small businesses and other operations — if people just knew how to build and deploy their own machine learning agent. Unfortunately, few do. Edge-based AI startup Xnor aims to let non-experts put state of the art AI to work as easily as they might update their website.
Tech stocks slide on US decision to blacklist Huawei and 70 affiliates
May 16, 5:31AM
The United States has been lobbying for months to prevent its western allies from using Huawei equipment in their 5G deployment, and on Wednesday, Washington made it more difficult for the Chinese telecom titan to churn out those next-gen products. The U.S. Department of Commerce announced that it will add Huawei and its 70 affiliates […]
YouTrip, a challenger bank in Southeast Asia, raises $25.5M for expansion
May 16, 4:55AM
Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening in the U.S. and Europe, and it has raised $25.5 million in new funding to bring its app-and-debit-card service to more parts in the region. Challenger banks have sprung up in Europe in recent years. Unicorns Monzo, Revolut […]
Lilium unveils five-seater air taxi prototype after a successful maiden flight for its latest jet
May 16, 4:01AM
Lilium, the Munich-based startup developing an on-demand “air taxi” service, has unveiled a new five-seater prototype and is announcing to the world that a maiden flight for the new device was successfully completed earlier this month. It’s not the first time a Lilium Jet — the company’s all-electric vertical take-off and landing (VTOL) device — […]
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