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Drizly pulls in $15 million Series B to power liquor-based eCommerce
Aug 04, 11:00AM
Drizly, the on-demand booze delivery startup, has today announced the close of a $15 million Series B funding round, led by Polaris Partners, with participation from existing investors. Drizly operates in a very similar manner to Uber, providing the technology infrastructure that allows liquor retailers the opportunity to provide their own on-demand service, as well as an ecommerce platform… Read More
inploi is another jobs app that wants to kill off the service industry CV
Aug 04, 10:36AM
Walking around the neighborhood handing out CVs in the hopes of scoring shifts in a local cafe or restaurant has never been an efficient job search process. But workers in the service industry still do it. London based startup inploi is hoping to change that — it’s gunning to replace the paper CV with a mobile profile and location-based jobs platform. Read More 
Strava adds a real-time safety feature to its fitness tracking app
Aug 04, 9:00AM
The official promo for Strava’s new beacon feature shows a runner attempting to outpace a giant boulder – something I suspect isn’t too common an occurrence if you’re Indiana Jones or Wile E Coyote. Still, even if you’re not a fictional adventurer or anthropomorphic desert scavenger, accidents can happen when you’re out for a long run, bike ride or other… Read More 
Indonesia's Go-Jek raises $550 million to battle Uber and Grab
Aug 04, 8:58AM
Go-Jek, the motorbike taxi on-demand service that rivals Uber and Grab in Indonesia, has closed $550 million in new funding, a source close to the company told TechCrunch. The deal values Go-Jek at $1.3 billion and could be announced as soon as this week, we understand. Read More 
New York Governor signs daily fantasy sports bill, DraftKings and FanDuel can operate again
Aug 04, 4:20AM
Back in June on the last day of the New York Assembly’s legislative session, the state passed a bill legalizing daily fantasy sports, paving the road for the return of incumbents DraftKings and FanDuel to resume operating in the state. The next week we sat down with DraftKings CEO Jason Robins, who explained that passing the bill was so important because it not only meant his… Read More 
Crunch Report | First private company to go to the Moon
Aug 04, 3:00AM
Moon Express is the first private company to get permission from the U.S. government to go to the moon, Facebook shows us its “Area 404” hardware lab, Tesla delivers 14,402 vehicles in Q2 2016, Time Warner takes a 10% stake in Hulu, and bitcoin value drops 20 percent after $70 million worth stolen from Bitfinex. All this on Crunch Report. Read More
AirHelp raises $12 million to deal with airline customer service for you
Aug 04, 2:46AM
Few things are more dreadful than dealing with airline customer service. Fortunately, there’s a startup that wants to make those calls for you. For hassle-free travel, AirHelp is raising $12 million in Series A funding from a group of investors including Khosla Ventures and Evan Williams. This is in addition to the $4.7 million in seed financing raised two years ago. AirHelp promises to… Read More 
Elastica's chief executive Rehan Jalil on being an entrepreneur in Silicon Valley
Aug 04, 2:30AM
Serial entrepreneur discusses his journey starting up and exiting two tech companies in Silicon Valley. Read More 
Splice launches rent-to-own pricing model for software synths
Aug 04, 1:40AM
One by one, most software has succumbed to the cloud; Designers have Adobe, gamers have Steam, programmers have GitHub and now musicians have Splice. Splice is launching a rent-to-own pricing model for software synths. Starting today, musicians will be able to use Serum from Xfer Records, to their hearts content without any upfront fees. The company likes to call their service a rental,… Read More 
How the microbiome will lead a revolution in the consumerization of personalized medicine and diet
Aug 04, 1:00AM
The human microbiome — meaning all of our microbes’ genes — will reshape the consumerization of personalized medicine and diet. Following the human genome project, technological advancements have brought us much closer to acute precision in disease diagnosis and treatment. The microbiome has the potential to change the way we diagnose and treat the most critical diseases of… Read More 
VIPKID nabs $100M to link Chinese kids with native speakers to learn English
Aug 04, 12:15AM
As interest and investment continue to pour into the online education market, startups building platforms with a lot of traction are reaping the rewards. In the latest development, a company out of China called VIPKID — which has built a popular platform connecting children aged between five and 12 years with native English speakers for one-to-one online language lessons… Read More 
Intel shows off mystery depth-sensing virtual reality accessory
Aug 03, 11:13PM
An Intel engineer just tweeted out a photo of a new VR sensor prototype and suggested that VR would play a large role in the company’s developer conference late this month. In the since-deleted tweet, Dimitri Diakopoulos, a senior prototyping engineer at Intel, showed off what he referred to as a depth-sensing prototype attachment for the HTC Vive. At least visually, the sensor… Read More
Average broadband speed in US rises above 50 megabits for the first time
Aug 03, 11:02PM
Speedtest has released its mid-year broadband speeds report, and there’s actually quite a bit of good news in there. Speeds are steadily increasing despite machinations within the industry, and in fact the average in the U.S. just went north of 50 megabits for the first time ever. Read More 
The impending online shopping split: buy boutique or buy Amazon
Aug 03, 10:46PM
It’s been a rough couple of months for Amazon competitors. First Canada’s Shop.ca declares bankruptcy and essentially has a fire sale, then Jet.com, which accumulated big funding and big hype pre-launch, is apparently in talks with Wal-Mart re: an acquisition. A Wal-Mart exit isn’t the upstart victory against an industry giant originally foretold in Jet’s creation… Read More 
Rethinking the customer relationship in medtech
Aug 03, 9:00PM
In light of Dollar Shave Club’s recent sale, I started thinking about other industries that haven’t yet rethought the customer relationship by leveraging the cloud. A significant majority of FDA-approved medical devices — and their associated business models — should be rethought around the idea that the cloud is a core feature of the product. Read More 
Tesla misses Q2 earnings, delivers 14,402 vehicles
Aug 03, 8:15PM
Tesla missed its Q2 earnings targets today in a report released after the close of the market. Tesla executives are not wavering on yearly targets, despite a slower than expected quarter. All of this comes amidst a seemingly never-ending wave of Tesla headlines dominating Silicon Valley over the last few weeks. The energy company born out of an automobile company reported non-GAAP Q2 revenue… Read More 
Jack Dorsey gets a much-needed strong second quarter performance from Square
Aug 03, 8:10PM
Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies). Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million in… Read More 
Basis Peak watches recalled, service shutting down due to overheating
Aug 03, 7:53PM
Basis Peak, a fitness watch tracking your health and sleep habits, is now being recalled by the company after reports of overheating. The Intel subsidiary first sent a statement about the overheating issues in mid-June and is now asking customers to stop wearing their watches and is shutting down service “immediately.” “We had hoped to update the software on… Read More 
The White House requested input on artificial intelligence, and IBM's response is a great AI 101
Aug 03, 7:45PM
The field of artificial intelligence is so huge, and the potential applications so numerous, that it would be folly to try to explain it all in one — no, wait, IBM just did. Read More 
Lyft hits record 13.9M monthly rides, sees 5X quarterly growth in Concierge rides
Aug 03, 7:21PM
Lyft is seeing record ridership, including an all-time high of 13.9 million rides during July, first reported by Recode and confirmed by TechCrunch via sources familiar with the matter. In addition to the total ride increase, along with a new record for monthly active riders of over 3 million, Lyft also saw significant growth in the use of its Concierge service, a bulk booking service similar… Read More 
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