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Firefly launches its first rocket, but loses the launch craft in mid-flight explosion
Sep 03, 2:11AM
Firefly launched its first rocket from Vandenberg Space Force Base in California, and on board it carried a number of payloads with an intended destination of low Earth orbit. The rocket took off as planned, and seemed to be doing fairly well during the initial portion of the launch, before experiencing “an anomaly” that clearly […]
DoorDash workers protest outside CEO Tony Xu's home demanding better pay, tip transparency and PPE
Sep 03, 2:09AM
California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California Superior Court Judge ruling calling 2020's Proposition 22 unconstitutional. Prop 22, which was passed last November in California, would allow app-based companies like DoorDash, Uber and Lyft to continue classifying workers as independent contractors rather […]
Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
Sep 03, 2:00AM
Sunday, an insurtech startup based in Bangkok, announced it has raised a $45 million Series B. Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital. The company says the round was oversubscribed, and that it doubled its revenue growth in 2020. Founded in […]
BMW Group's Neue Klasse lineup to focus on circular economy to achieve reduction in CO2 emissions
Sep 02, 11:57PM
The BMW Group announced Thursday its intentions to commit to a 50% reduction from 2019 levels in global carbon dioxide emissions during the use-phase of its vehicles by 2030, as well as a 40% reduction in emissions during the life cycle of the vehicle. These goals, including a plan to focus on the principles of […]
Startups should look to state-of-the-art tech to tackle diseases affecting women
Sep 02, 11:56PM
Using state-of-the-art technologies on complex women's diseases will allow the field to advance much faster and can put drug candidates into clinics in a few short years.
Online learning platform CLASS101 bags $26M Series B to support growth
Sep 02, 11:30PM
Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. Creative professionals continue to look for ways to monetize their talents and knowledge through online education platforms like CLASS101 that bring stable incomes and improve opportunities. CLASS101, a Seoul-based online education platform, […]
Daily Crunch: 8 Indian banks launch Account Aggregator to centralize consumers' financial data
Sep 02, 10:10PM
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
FAA grounds Virgin Galactic amidst investigation into July mission
Sep 02, 7:03PM
Remember that story we posted earlier today about Virgin Galactic's first commercial flight scheduled to launch in September? We may have spoken too soon. This afternoon, the Federal Aviation Administration said it was grounding all Virgin Galactic flights until further notice, pending the results of the investigation into the company's July 11 crewed flight. “Virgin […]
Roli is rebooting as Luminary, following financial struggles
Sep 02, 6:41PM
I was fascinated by Roli the first time I saw founder/CEO Roland Lamb bending the keys of the Seaboard back at SXSW in 2013. Over the years, the London-based company has continued to offer creative musical solutions, including 2016's modular Blocks system. Of course, creativity and runaway startup success don't go hand in hand as […]
Get your pitch-off on with our Disrupt Startup Alley companies on upcoming episodes of Extra Crunch Live
Sep 02, 6:35PM
Disrupt is right around the corner, and this year the show is packed to the brim with incredible panels and conversations, an absolutely stacked Startup Battlefield cohort of companies launching on our stage, investor insights and a virtual expo hall full of exciting new products and services in the Startup Alley. We can’t wait! Literally. […]
Nikola and Bosch ink deal for hydrogen fuel cell modules
Sep 02, 6:27PM
Beleaguered electric truck developer Nikola Corp. has inked a new agreement with Bosch for its hydrogen fuel cell modules. The modules will be used to power two of Nikola's hydrogen-fueled semi-trucks, the short-haul Nikola Tre and Nikola Two sleeper. "This announcement is the result of a multi-year working relationship with Bosch," Nikola CEO Mark Russell said […]
Use cohort analysis to drive smarter startup growth
Sep 02, 5:31PM
Cohort analysis is a way of evaluating your business that involves grouping customers into "cohorts" and observing how they behave over time.
Shepherd raises $6.2M seed round to tackle the construction insurance market
Sep 02, 5:09PM
Shepherd fits into a theme of neoinsurance providers selling more to other companies than to consumers -- and wagering on there being margin elsewhere in the insurance world to attack.
FBI says Chinese authorities are hacking US-based Uyghurs
Sep 02, 4:47PM
The FBI has warned that the Chinese government is using both in-person and digital techniques to intimidate, silence and harass U.S.-based Uyghur Muslims. The Chinese government has long been accused of human rights abuses over its treatment of the Uyghur population and other mostly Muslim ethnic groups in China’s Xinjiang region. More than a million […]
Locast suspends local TV streaming service in wake of court ruling
Sep 02, 4:37PM
Local TV streaming service Locast has closed up shop, following a ruling on Tuesday that it couldn't use its non-profit status as a legal shield. Networks claimed Locast violated their copyright.
Botify raises $55 million to optimize search engine indexing
Sep 02, 4:12PM
Botify has raised a $55 million Series C funding round led by InfraVia Growth with Bpifrance's Large Venture fund also participating. The company has created a search engine optimization (SEO) platform so that your content is better indexed and appears more often in search results. Existing investors Eurazeo and Ventech are also investing in the […]
Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year
Sep 02, 4:12PM
Last summer, Jeeves was participating in Y Combinator's summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing. Today, the company, which is building an "all-in-one expense management platform" for global startups, is announcing that it has raised a $57 million […]
Voice chat is coming to Roblox
Sep 02, 4:00PM
As one of the frontrunners in the race to build the metaverse, Roblox is thinking ahead to what virtual worlds really need. And while the platform has had no shortage of growth on its current path — as of July, it boasted 47 million daily active users — it's looking to chart a course toward […]
Virgin Galactic looks to late September, early October for first commercial crewed flight
Sep 02, 3:46PM
Just two months after celebrating its first manned launch to orbit — which is now under investigation with the Federal Aviation Administration — Virgin Galactic wants to return to space. The company will be conducting its first commercial mission, the 23rd for the VSS Unity rocket-powered spaceplane, in late September or early October from the […]
Europe's top court slaps down 'zero rating' again
Sep 02, 3:26PM
Europe’s top court has dealt another blow to “zero rating” — ruling for a second time that the controversial carrier practice goes against the European Union’s rules on open internet access. “Zero rating” refers to commercial offers that can be made by mobile network operators to entice customers by excluding the data consumption of certain […]
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