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Extra Crunch roundup: China's new data privacy law, fractional farming, debt vs. equity
Sep 10, 7:14PM
China's first data privacy laws go into effect on November 1, 2021. Will your company be in compliance? Modeled after the EU's GDPR, the new regulations “[introduce] perhaps the most stringent set of requirements and protections for data privacy in the world,” writes Scott W. Pink, special counsel in O'Melveny's Data Security & Privacy practice. […]
Quizlet plans for IPO over a year after hitting unicorn status
Sep 10, 6:50PM
Quizlet, a flashcard tool turned artificial intelligence-powered tutoring platform, is planning an initial public offering nearly a year after it was valued at $1 billion. According to people familiar with the matter, Quizlet is considerably far along in the process to go public. A recent job filing shows that it is hiring for senior roles […]
Advanced rider assistance systems: Tech spawned by the politics of micromobility
Sep 10, 6:45PM
Operators like Spin, Voi, Zipp, Bird and Superpedestrian are investing in tech that can detect and correct poor rider behavior, sometimes going as far as stopping scooters if they're on a sidewalk.
DataRobot CEO Dan Wright coming to TC Sessions: SaaS to discuss role of data in machine learning
Sep 10, 4:12PM
Just about every company is sitting on vast amounts of data, which they can use to their advantage if they can just learn how to harness it. Data is actually the fuel for machine learning models, and with the proper tools, businesses can learn to process this data and build models to help them compete […]
Apple prohibited from blocking outside payment in Epic ruling
Sep 10, 3:59PM
A judge this morning issued a ruling in California's Epic Games v. Apple case, siding with the Fortnite maker on the topic of third-party payments. Effectively, the judge has ruled that Apple cannot prohibit developers from adding links for alternative payments beyond Apple's App Store-based monetization. The mobile giant's control over fees on iOS has […]
Iceland's Crowberry Capital launches $90M seed and early-stage fund aimed at Nordics
Sep 10, 3:22PM
Crowberry Capital, operating in Reykjavik and Copenhagen, has launched Crowberry II: a $90 million seed and early-stage fund aimed at startups in the Nordic region. A second close — bringing in an additional $40 million — is planned for July 2022. The EIF (European Investment Fund) is the lead LP on the fund, after putting […]
WhatsApp will finally let users encrypt their chat backups in the cloud
Sep 10, 3:04PM
WhatsApp said on Friday it will give its two billion users the option to encrypt their chat backups to the cloud, taking a significant step to put a lid on one of the tricky ways private communication between individuals on the app can be compromised. The Facebook-owned service has end-to-end encrypted chats between users for […]
Have 'The Privacy Talk' with your business partners
Sep 10, 2:52PM
Unless you hear it firsthand, it can be hard to discern if a partner is thinking about privacy, if they are committed to data ethics and how compliance is woven into their organization's culture.
Microsoft acquires TakeLessons, an online and in-person tutoring platform, to ramp up its edtech play
Sep 10, 2:37PM
Microsoft said in January this year that Teams, its online collaboration platform, was being used by over 100 million students — boosted in no small part by the COVID-19 pandemic and many schools going partly or fully remote. Now, it’s made another acquisition to continue expanding its position in the education market. The company has […]
BNPL is not a winner-takes-all game
Sep 10, 2:00PM
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Mary Ann took over this week’s show with Chris and Grace, which meant that our overdeveloped senses of curiosity filled up the script just fine (even on a somewhat short week). Unintentionally, today’s episode was built […]
Startup insurance provider Vouch raises $90M, now valued at $550M
Sep 10, 1:00PM
Vouch, a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. The $90 million figure was raised across two rounds: a $60 million Series C co-led by SVB Capital (a subsidiary of Silicon Valley Bank) and Ribbit Capital that values the company at $550 million, […]
MaxRewards banks $3M to reveal best payment methods that reap the most rewards
Sep 10, 1:00PM
MaxRewards is a digital wallet app that manages credit cards and automatically activates benefits like rewards, cashback offers and monthly credits.
Amagi tunes into $100M for cloud-based video content creation, monetization
Sep 10, 1:00PM
Amagi provides cloud broadcast and targeted advertising software so that customers can create content that can be created and monetized to be distributed via broadcast TV and streaming TV platforms.
Jim Lanzone breaks up with Tinder, swipes right to take the CEO job at Yahoo, Renate Nyborg takes Tinder CEO role
Sep 10, 12:31PM
Ten days after Apollo Global completed its acquisition of Yahoo (formerly Verizon Media) from Verizon for $5 billion, it has appointed a new CEO for the group. Jim Lanzone, who is currently the CEO of dating app Tinder, is coming on to lead the company (which, disclaimer, also owns TechCrunch). Renate Nyborg, who had been […]
Why do the media always pit labor against capital?
Sep 10, 12:15PM
There are abusive corporations, and we do need a better social safety net so that people aren't at the mercy of the doctrine of shareholder primacy, but that truth disguises a more complicated reality.
Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build 'Fast for Africa'
Sep 10, 8:00AM
We like to buy things online ranging from e-commerce stores to subscription-based sites. However, no one enjoys the hassle when you have to always re-log into different sites and stores. I mean, shopping can be a whole lot more fun if a fast logging and checkout system existed across all your favorite online stores. In […]
Apple Music is using Shazam to solve the streaming industry's problem with DJ mixes
Sep 10, 4:00AM
Apple Music announced today that it’s created a process to properly identify and compensate all of the individual creators involved in making a DJ mix. Using technology from the audio-recognition app Shazam, which Apple acquired in 2018 for $400 million, Apple Music is working with major and independent labels to devise a fair way to […]
Epic Games asks Apple to reinstate Fortnite in South Korea after new law
Sep 10, 3:37AM
Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both Epic and Apple payments side-by-side, it said in a tweet. Epic has asked Apple to restore our Fortnite developer account. Epic intends to re-release Fortnite […]
Uber Eats, Grubhub, DoorDash sue NYC for limiting fees the apps can charge restaurants
Sep 10, 3:22AM
Food ordering and delivery platforms DoorDash, Caviar, Grubhub, Seamless, Postmates and Uber Eats have banded together to sue the City of New York over a law that would permanently limit the amount of commissions the apps can charge restaurants to use their services. The Wall Street Journal first reported the news that the companies filed […]
Snyk snags another $530M as valuation rises to $8.5B
Sep 09, 11:51PM
Snyk, the Boston-based late-stage startup that is trying to help developers deliver more secure code, announced another mega-round today. This one was for $530 million on an $8.5 billion valuation, with $300 million in new money and $230 million in secondary funding, the latter of which is to help employees and early investors cash in […]
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