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Samsung just had its most profitable quarter for more than two years
Jul 07, 9:31AM
Samsung has reported its most profitable quarter of business for over two years thanks to its resurgent smartphone business. Read More
Avast acquires antivirus maker AVG for $1.3BN to gain scale and dive into IoT security
Jul 07, 8:44AM
Security giant Avast has announced it intends to acquire fellow Czech-based antivirus software maker AVG for a purchase price of $25.00 per share in cash — resulting in a transaction that will total around $1.3 billion. Read More 
Facebook blames 'technical glitch' for temporary removal of Falcon Heights shooting video
Jul 07, 8:14AM
Facebook has denied censoring a viral video taken after a police officer fatally shot a man in his car in Minnesota. Lavish Reynolds pulled out her phone and began a Facebook Live stream after her boyfriend, Philando Castile, was shot by a police officer who, Reynolds said, had pulled their car over for a broken taillight in Minnesota’s Falcon Heights district. Media reported that… Read More 
Quantum encryption startup PQ bags $10.3M Series A
Jul 07, 7:30AM
Being first to market with complex technology doesn’t usually make for a simple sales proposition. Nor does trying to pioneer an alternative approach as a small security startup vs established industry practices. Read More 
Black Swan Data scores £6.2M to help companies make better use of consumer and public data
Jul 07, 7:00AM
Data science and tech startup Black Swan Data, which has built a platform to let companies improve their business/marketing intelligence by mining and crunching both public and internal consumer data, has closed £6.2 million in Series B funding. Read More 
Germany's Brillen.de raises $49M from TCV to take its eyewear marketplace international
Jul 07, 6:20AM
Brillen.de, a bootstrapped, family-run company in Germany that has built an online business selling its own eyewear by tapping into a network of independent and local opticians, has raised €45 million ($49 million) in its first-ever VC funding. The money comes from a single, notable, investor, Technology Crossover Ventures (which has backed the likes of Facebook, Spotify, LinkedIn,… Read More 
Tesla says drivers using Autopilot remain safer than regular drivers
Jul 07, 6:11AM
Tesla has reiterated that drivers using Autopilot mode remain safer than those who don’t use it. The disclose came as the automaker continued to deny reports from Fortune that it misled investors and the public by taking too long to disclose details of a fatal accident involving one of its customers who was in Autopilot. Read More 
Forerunner Ventures ups the ante with a new, third fund
Jul 07, 4:33AM
Forerunner Ventures, an early-stage, San Francisco-based venture firm that focuses almost exclusively on e-commerce businesses, has raised a $122 million fund, shows an SEC filing that was filed earlier this morning. The firm was founded by Kirsten Green, who is listed on the filing along with Eurie Kim, a partner who joined the firm in 2012. The all-female firm also features an operating… Read More 
Crunch Report | Snapchat Memories Update
Jul 07, 3:30AM
Snapchat has a big update and introduces memories, Another Tesla car accident, Ali Baba’s first smart car is unveiled, Etsy has payment processor problems, Light camera raises 30 million dollars and has delays. All this on Crunch Report! Read More
Pokemon Go is now available in the US for iOS and Android
Jul 07, 1:08AM
Aaaaand there it is: Pokemon Go is available for iOS and Android in the US. Read More 
How Hardware-as-a-Service will save IoT
Jul 07, 1:00AM
Here’s the dirty little secret about the Internet of Things: The things might not work, and you might not use them. As a consumer, many of your gadgets will collect dust tucked away in a drawer. As a business, many of your devices will not perform as well as expected, turning into maintenance-heavy money pits. Read More 
Tech needs to stamp out anti-blackness
Jul 07, 12:21AM
In the U.S., it’s as if laws and regulations only apply to people of color — and when people of color bend them, they lose their lives. When white tech CEOs bend the laws at massive scale, they’re rewarded with billions of dollars and prestige. “You know how Silicon Valley advocates an Uber-esque model where everybody is an entrepreneur, disrupting markets while the… Read More 
Blackmoon launches in the US to match investors with balance-sheet lenders
Jul 06, 11:57PM
It was only a matter of time before Tinder for balance-sheet lenders and debt investors became a thing. Financial matchmaking platform Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international… Read More 
Signs of a new Samsung Gear VR are surfacing
Jul 06, 11:07PM
It’s been less than a year since the consumer Gear VR was first shown off and it already seems as though Samsung and Oculus are regrouping to push out a new version of the pre-eminent mobile VR headset. A Dutch Samsung rumors site inexplicably found a listing from an Indian imports database that highlights a new model number (SM-R323) for the Gear VR device being shipped.… Read More 
NASA's newly upgraded Pleiades supercomputer delves into the mysteries of star formation
Jul 06, 10:50PM
NASA scientists are bringing one of the most powerful computers in the world — just recently given a tune-up — to bear on the question “Where do stars come from?” So next time your toddler asks you that, you’ll be able to say something smart, like “hyper-dense elongated stellar filaments, child.” Read More 
Rooster Teeth's Burnie Burns on pioneering online-only video
Jul 06, 10:41PM
With more than 4.5 billion views and 8.5 million subscribers on YouTube, plus their own video platform, there is no arguing that Rooster Teeth has paved their way as one of the premier online entertainment content brands. Starting the company in the spare bedroom of Burnie Burns’ house 14 years ago — before YouTube, free video hosting or web encoding — Burns had a lot of ideas… Read More 
Nike releases open-source software to play with the techies
Jul 06, 10:37PM
Nike, the home of all things athletic, is joining the ranks of the programmers with its launch of open-source software. Last week, Nike published three open-source projects on GitHub: a JSON parsing framework, a distributed tracing solution for Java and a lightweight logging library written in Swift. The company also open-sourced the code that powers its own site on GitHub. While… Read More 
Tesla's reported Autopilot 2.0 will face new goalposts for 'smart'
Jul 06, 10:16PM
Two separate reports claim Autopilot 2.0, an enhanced version of Tesla’s Autopilot semi-autonomous driving tech, is coming to vehicles soon, potentially as part of the upcoming 8.0 update of Tesla’s software. TechnoBuffalo reported that Autopilot 2.0 is confirmed as “coming soon,” while Electrek’s Fred Lambert discussed the feature in an earlier piece focused on… Read More 
(Some) LPs speak up
Jul 06, 9:48PM
Venture capital used to be such an insular, under-the-radar industry that entrepreneur-investor Marc Andreessen has said that he’d never heard the term before arriving in the Bay Area in 1994. He’s hardly alone. It wasn’t until the mid- to late-1990s, during the dot.com boom, that the world became acquainted with what venture capitalists do. And it wasn’t until after… Read More 
Canonical-Pivotal partnership makes Ubuntu preferred Linux distro for Cloud Foundry
Jul 06, 9:13PM
Pivotal, developers of the Cloud Foundry open source cloud development platform and Canonical, the company behind the popular Ubuntu Linux distribution, announced a partnership today where Ubuntu becomes the preferred operating system for Cloud Foundry. In fact, the two companies have been BFFs since the earliest days of Cloud Foundry when it was an open source project developed at VMware. Read More 
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