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Startups Weekly: U.S. VCs eye European startups
10 december 2019 · 6 min
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Chinese investor activity in Africa. Before that, I noted Airbnb’s issues. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter@KateClarkTweets. If you’re new, you can subscribe to Startups Weekly here.
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Raising VC in Silicon Valley as a female POC
9 december 2019 · 9 min
Nathan Beckord Contributor Share on Twitter Nathan Beckord is CEO of Foundersuite.com, a software platform for raising capital and managing investors that has helped entrepreneurs raise over $2 billion since 2016. He is also the host of Foundersuite’s How I Raised It podcast.
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New tweet generator mocks venture capitalists
9 december 2019 · 3 min
“Airbnb’s unit economics are quite legendary — the S-1 is going to be MOST disrupted FASTEST in the next 3 YEARS? Caps for effect.” Who Tweeted that? Initialized Capital’s Garry Tan? Homebrew’s Hunter Walk? Y Combinator co-founder Paul Graham? Or perhaps one of the dozens of other venture capitalists active on Twitter . No, it was Parrot.VC, a new Twitter account and website dedicated to making light of VC Twitter.
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Uberflip acquires SnapApp for smarter content targeting
6 december 2019 · 3 min
Uberflip is acquiring SnapApp, bringing together two startups that promise help marketers use their content more effectively. President and Chief Marketing Officer Randy Frisch argued that Uberflip focuses on content experience, not content marketing. In other words, it’s not selling productivity and workflow tools for marketers to write blog posts and and create videos. Instead, it helps them present their existing content in a smarter and more personalized way.
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Uniform Teeth raises $10 million for its teeth-straightening operations
6 december 2019 · 3 min
Uniform Teeth, the teeth straightening startup that helped me figure out I needed a root canal, has just raised a $10 million round of funding led by Canaan Ventures. This brings Uniform Teeth’s total funding to $14 million. With the new funding, Uniform Teeth plans to open up two more locations, one in Seattle and one in Chicago early next year. Uniform Teeth currently operates two locations in San Francisco.
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Delphia wants to turn your data into investment capital through collective action
5 december 2019 · 5 min
A lot of companies talk about the value of your data, and about helping you get more control over the information you share, but Toronto-based Delphia is unique in aiming to build a viable, sustainable and scalable way to take a person’s data and turn that into real monetary gain.
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Accel closes new $550M fund for India
4 december 2019 · 5 min
Accel, one of the world’s most influential venture capitalist firms, is becoming more bullish on India. The Silicon Valley-headquartered firm, which largely focuses on early stage investments, said today it has closed $550 million for its sixth venture fund in India. This is a significant amount of capital for Accel’s efforts in India, where it began investing 15 years ago and has infused roughly $1 billion through all of its previous funds combined.
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Postscript raises $4.5M to help Shopify shops stay connected with customers over SMS
4 december 2019 · 5 min
Back in February, we wrote that Postscript “wants to be the Mailchimp for SMS.” Now they’ve raised $4.5 million to help get it done. This round was led by Accomplice, and backed by Kayak co-founder Paul English, Wufoo co-founder Kevin Hale, Klaviyo co-founder Andrew Bialecki, Drift co-founder Elias Torres, Front co-founder Mathilde Collin and Podium co-founders Eric Rea and Dennis Steele. The Postscript team is currently made up of 14 people.
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Score Cyber Monday savings on TechCrunch Sessions 2020 passes
3 december 2019 · 3 min
Have we got a Cyber Monday deal for you. TC Sessions: Robotics+AI (March 3) and TC Sessions: Mobility (May 14) are coming back to California in 2020 with early bird tickets starting at $275 and $250 respectively. But if you buy your pass today, you’ll save an extra 15 percent on each event. How sweet is that? Don’t delay, startuppers. Buy your pass to TC Sessions: Robotics & AI and/or TC Sessions: Mobility before this one-day deal expires promptly tonight at 11:59 pm PT.
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Startups Weekly: Chinese investors double down on African startups
2 december 2019 · 5 min
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted Uber’s new “money” team. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter@KateClarkTweets.
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NYSE proposes big change to direct listings
2 december 2019 · 4 min
The New York Stock Exchange filed paperwork this morning with the U.S. Securities and Exchange Commission to allow companies to raise capital as part of a direct listing. Direct listings are a way for companies to go public by selling existing shares held by insiders, employees and investors directly to the market, rather than the traditional method of issuing new shares.
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Zebra Fuel, the startup that brought fuel directly to your vehicle, is ‘no longer’ delivering in London
29 november 2019 · 4 min
Zebra Fuel, the startup that brought fuel directly to your vehicle, is ‘no longer’ delivering in London Zebra Fuel, the London-based startup that delivered fuel directly to your vehicle — backed by Robin and Saul Klein’s LocalGlobe, Brent Hoberman’s Firstminute Capital and Zoopla founder Alex Chesterman — has told customers it is “no longer” delivering fuel in London.
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Here’s what happens when you decide to sell your startup
28 november 2019 · 11 min
Joe Procopio Contributor Share on Twitter Joe is a multi-exit, multi-failure entrepreneur. Joe is currently building Spiffy, and previously sold Automated Insights, sold ExitEvent, and built Intrepid Media. Find more about Joe at joeprocopio.com or @jproco on Twitter.
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Vivun snags $3M seed round to bring order to pre-sales
27 november 2019 · 4 min
Vivun, a startup that wants to help companies keep better track of pre-sales data announced a $3 million seed round today led by Unusual Ventures, the venture firm run by Harness CEO Jyoti Bansal. Vivun founder and CEO Matt Darrow says that pre-sales team works more closely with the customer than anyone else, delivering demos and proof of concepts, and generally helping sales get over the finish line.
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Cocoon’s social app for close friends gets VC backing to chase Path’s dream
27 november 2019 · 4 min
You may have heard the pitch before, Facebook, Twitter and Instagram aren’t homes for your real friends anymore because they’re too big, too commercial and too influencer-y, the result is that your most important relationships have been relegated to the lowest common denominator tool on your phones: your texting app.
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Weekend Fund raises $10M for second early-stage fund
26 november 2019 · 3 min
Product Hunt founder Ryan Hoover has raised another $10 million to invest in nascent upstarts viaWeekend Fund. The news represents the firm’s second fundraise after a $3 million debut angel fund that closed in 2017.
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Artiphon launches a Kickstarter campaign for its new musical device Orba
26 november 2019 · 3 min
Artiphon, the startup that previously raised more than $1 million on Kickstarter for a device called the Instrument 1, has launched a new campaign for its latest invention, Orba. Co-founder and CEO Mike Butera said the Instrument 1 and Orba share “the same DNA,” namely his vision to help music-making become more accessible to everyone, regardless of training or experience. “I want beginners to feel like pros, but also for pros to feel like beginners again,” Butera told me.
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Max Q: NASA signs up new Moon delivery companies
25 november 2019 · 5 min
Sign up here to receive Max Q weekly in your inbox, starting December 15. There were lot of highlights in the space industry this past week (even though a rocket launch that was supposed to happened is now pushed to Monday). The biggest news for commercial space might just be that NASA signed on five new companies to its list of approved vendors for lunar payload delivery services, bringing the total group to 14.
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Here’s the first look inside Orbex’s Scotland rocket factory
25 november 2019 · 3 min
European private launch startup Orbex is getting ready to start actually launching payloads aboard its own rockets, and it’s pulling back the curtains to give a look at the factory it’s using to build its launch vehicles. The UK-based company is building its rockets from a facility in Scotland, and this virtual tour gives an idea of what they’re doing to make the first rocket field by renewable, clean-burning fuel a reality. Orbex Prime’s Stage 2 vehicle.
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Give InKind’s smarter giving platform brings in surprise $1.5 million in pre-seed funding
22 november 2019 · 8 min
Helping out a friend in need online can be surprisingly difficult. While giving cash is easy enough, that’s often not what people need most — so Give InKind aims to be the platform where you can do a lot more than write a check. The idea is such a natural one that the company tripled its goal for a pre-seed round, raising $1.5 million from Seattle investors.
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Splice teaches AI to sell Similar Sounds as users double
22 november 2019 · 7 min
Splice is blowing up like a hit song. The audio sample marketplace has doubled revenue and user count in a year, and now reaches 3 million musicians. 70% of those visit weekly to hunt down the freshest and trendiest sounds that give their tracks that special something, and many pay $7.99 for unlimited access. But words can’t always describe music. Searching by genre and subjective tags can take forever and leave artists frustrated when the sounds they find they don’t resonate right.
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Bandit opens a ‘mobile-only’ coffee shop in New York
21 november 2019 · 4 min
If you wander into the Bandit coffee shop in Midtown New York, you won’t be able to just walk up to the counter and order something. Instead, you’ll need to download a mobile app. I experienced it for myself yesterday afternoon, when I — along with several other customers — pulled my phone out, downloaded the Bandit app, then used the app to create a profile, order and pay. A couple minutes later, a barista called me up to the counter and handed me my (pretty good) coffee.
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Brava, a smart oven maker with big names attached, just sold to an industrial equipment company
21 november 2019 · 6 min
Brava had a lot of things working in its favor as startups go. It was founded in 2015 by serial executive John Pleasants, whose past stints have included as co-president of Disney Interactive Media Group, COO of Electronic Arts, and CEO of Ticketmaster.
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Bunch, the Discord for mobile games, raises $3.85M from Supercell, Tencent, Riot Games
20 november 2019 · 4 min
Growing up, Selcuk Atli spent a good deal of his free time playing video games with his friends. And when I say with his friends, I mean actually with them. They’re called LAN parties, where everyone brings over their consoles and the group gets to play together virtually and in real life, all at the same time. Atli, a grown man now, still loves games, but misses the memories made during LAN parties. That’s how Bunch was born. Bunch is a lot like Discord, but for mobile games.
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Ohi raises $2.75M to power same-day delivery for brands that aren’t Amazon
20 november 2019 · 5 min
The world has gotten so much faster. Amazon has made two-day shipping the standard and same- or next-day shipping commonplace. And that doesn’t even include the collection of on-demand players that can get us everything from groceries to alcohol to services like concierge storage and in-home cleaning with the press of a button.
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Playbuzz becomes Ex.co and expands its content marketing platform – TechCrunch
19 november 2019 · 3 min
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SmartNews raises $92M at a $1.2B valuation – TechCrunch
18 november 2019 · 4 min
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Nigeria’s Interswitch confirms $1B valuation after Visa investment
18 november 2019 · 5 min
Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion,” Interswitch said in a release to TechCrunch. The Visa investment could create the first of two market distinctions for Interswitch — as it shouldn’t change the Lagos-based company’s plans to go public.
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Less than 72 hours left to buy early-bird passes to Disrupt Berlin
15 november 2019 · 5 min
Pull your heads out of the trenches, startup fans. You have just 72 hours to save up to €500 with early-bird pricing on passes to Disrupt Berlin 2019. When the clock strikes11:59 p.m. (CEST) on Friday, 15 November, the early bird is no more. Three days will fly by in a flash, so don’t wait. Take 10 minutes now, buy your early-bird passand save today. Disrupt Berlin offers two programming-packed days of opportunity and education.
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Freshworks raises $150M Series H on $3.5B valuation
15 november 2019 · 3 min
Freshworks, a company that makes a variety of business software tools, from CRM to help-desk software, announced a $150 million Series H investment today from Sequoia Capital, CapitalG (formerly Google Capital) and Accel on a hefty $3.5 billion valuation. The late-stage startup has raised almost $400 million, according to Crunchbase data.
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Yodel.io is a digital receptionist for SMBs taking calls
14 november 2019 · 4 min
Yodel.io, an Austria-founded startup that’s developed a “digital receptionist” to help SMBs and other small teams handle in and outbound phone-calls, has picked up $1 million in “pre-seed” funding. It brings total funding to just over $1.8 million. Backing this round is EXF Alpha, the fund of the European Super Angels Club, and various other unnamed European angel investors.
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These sneakers vibrate
14 november 2019 · 5 min
Sometimes it seems like you can hear a song all the way in your toes. With these new sneakers, you actually can. Meet the new EP 01 sneakers out of DropLabs. Yes, you read that right. We’re talking about sneakers. Invented by a man named Ross Seiler, and led by former Beats by Dre CEO Susan Paley, DropLabs aims to take audio to a whole new level by syncing music, movies and other audio to shoes that vibrate the soles of your feet.
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The Garage is a new blockchain-focused incubator based in Paris
13 november 2019 · 3 min
Meet The Garage, a new incubator in Paris that is all about blockchain projects. Co-founded by Cyril Paglino from Starchain Capital, Fabrice Le Fessant from Dune Network and Oussama Ammar from The Family, the company will support blockchain startups, help big companies launch blockchain projects and educate engineers about blockchain development. The Garage is a sort of puzzle made out of multiple pieces.
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Lawyers hate timekeeping — Ping raises $13M to fix it with AI
13 november 2019 · 6 min
Counting billable time in six-minute increments is the most annoying part of being a lawyer. It’s a distracting waste. It leads law firms to conservatively under-bill. And it leaves lawyers stuck manually filling out timesheets after a long day when they want to go home to their families. Life is already short, as Ping CEO and co-founder Ryan Alshak knows too well. The former lawyer spent years caring for his mother as she battled a brain tumor before her passing.
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African logistics startup Lori Systems raises Series A led by Chinese investors
12 november 2019 · 3 min
African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the round amount at $30 million earlier Friday, but Lori Systems’ CEO Josh Sandler would not confirm that.
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Andreessen Horowitz launches free crypto startup school
12 november 2019 · 4 min
Last month, Andreessen Horowitz (a16z) general partner Chris Dixon announced at TechCrunch Disrupt that the VC firm would run a free crypto startup school. And the company is officially launching its school today. Applications are now open and you have four weeks to apply. With this initiative, a16z wants to democratize cryptocurrencies. Dixon and the a16z has been involved in the cryptocurrency/blockchain space for 7 years, and the firm now wants to share some of its learnings with entrepreneurs.
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Coda Biotherapeutics is developing a cure for pain
11 november 2019 · 6 min
If the researchers, executives and investors behind Coda Biotherapeutics have their way, one day soon there really could be a cure for pain. Co-founded by researchers Joseph Glorioso, from the University of Pittsburgh’s microbiology and molecular genetics department; and Dr. Nicholas Boulis, the founder of Emory’s Gene and Cell Therapy for Neurorestoration Laboratory; Coda uses gene therapies to treat neurological diseases starting with severe pain and epilepsy.
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Uber’s losses top $1 billion, trumping better than expected revenues
8 november 2019 · 4 min
Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, not least that the company managed to stanch the bleeding that had cost the company over $5 billion in the previous quarter. Revenue grew to $3.8 billion, up from $2.9 billion in the year-ago period, representing a 30% boost.
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Robocorp announces $5.6M seed to bring open source option to RPA
8 november 2019 · 4 min
Robotic Process Automation (RPA) has been a hot commodity in recent years as it helps automate tedious manual workflows inside large organizations. Robocorp, a San Francisco startup, wants to bring open source and RPA together. Today it announced a $5.6 million seed investment. Benchmark led the round with participation from Slow Ventures, firstminute Capital, Bret Taylor, president and chief product officer at Salesforce and Docker CEO Rob Bearden.
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Wardrobe picks up $1.5 million for a new fashion rental marketplace
7 november 2019 · 3 min
Wardrobe, a new peer-to-peer fashion rental marketplace, has today announced the close of a $1.5 million seed round and its public launch out of beta. The funding was led by angel investor Cyan Banister and Ludlow Ventures, with participation from GroupUp Ventures, Airbnb cofounder Nate Blecharczyk and HQ Trivia founder Rus Yusupov, among others. Wardrobe was founded by Adarsh Alphons after he had an epiphany about just how many items of clothes in his own house went mostly unused.
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Arweave’s Permaweb blockchain can host sites & apps forever
6 november 2019 · 6 min
What if you could pay now to store something online permanently? You could preserve a website against censorship, save legal contracts, or offer an app even after your company fails. That’s the promise of Arweave‘s Permaweb. The startup has built a new type of blockchain that relies on Moore’s Law-style declining data storage costs.
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Gradeup raises $7M to expand its online exam preparation platform to smaller Indian cities and towns
5 november 2019 · 5 min
Gradeup, an edtech startup in India that operates an exam preparation platform for undergraduate and postgraduate level courses, has raised $7 million from Times Internet as it looks to expand its business in the country. Times Internet, a conglomerate in India, invested $7 million in Series A and $3 million in Seed financing rounds of the four-year-old Noida-based startup, it said. Times Internet is the only external investor in Gradeup, they said.
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CTO.ai’s developer shortcuts eliminate coding busywork
5 november 2019 · 7 min
There’s too much hype about mythical “10X developers”. Everyone’s desperate to hire these ‘ninja rockstars’. In reality, it’s smarter to find ways of deleting annoying chores for the coders you already have. That’s where CTO.ai comes in. Emerging from stealth today, CTO.ai lets developers build and borrow DevOps shortcuts. These automate long series of steps they usually have to do manually thanks to integrations with GitHub, AWS, Slack, and more. CTO.
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Max Q: SpaceX and Boeing gear up for commercial crew mission tests
4 november 2019 · 4 min
Welcome back to Max Q, our weekly look at what’s happening in space and space startup news. This week was a bit more quiet than usual coming off of the amazingly over-packed International Astronautical Congress, but there were still some big moves that promise a lot more action to come before they year’s over – particularly in the race to fly American astronauts to space on a rocket launched from American soil once again.
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Let’s have a word about what3words with Clare Jones at Disrupt Berlin
1 november 2019 · 4 min
Addresses are ambiguous, not precise enough or don’t even exist in some places. what3words wants to map the entire world and overhaul addresses three words at a time. That’s why I’m excited to announce that what3words Chief Commercial Officer Clare Jones is joining us at TechCrunch Disrupt Berlin. The startup has divided the world in 3 meter squares. Each square has been assigned three words. This way, it’s easy to read, easy to write and even easy to say.
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Muy raises $15M to grow its new cloud kitchen concept
1 november 2019 · 5 min
The cloud kitchen craze has reached Latin America. Food tech startup called Muy landed a fresh $15 million Series B to expand into Mexico and soon Brazil. The service is currently operative in Colombia. Muy is a “cloud kitchen meets Chipotle,” says one investor. The company describes itself as a virtual kitchen and smart chef system that uses AI to produce food based on forecasts of demand, which can help to reduce food waste.
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Video news startup Brut raises $40M, officially launches in the U.S.
31 oktober 2019 · 5 min
Digital media startup Brut is announcing that it has raised $40 million in Series B funding. The money will be used, in part, to finance its launch in the United States. CEO Guillaume Lacroix said that that he and his co-founders all come from the French TV industry, where they were all “frustrated not to be able to follow up the conversation on social.
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Webiny announces $347K seed to build open source serverless CMS
31 oktober 2019 · 4 min
Webiny, a London startup developing a serverless content management system, announced a $347,000 (£247,000) seed round today led by EU investment firm Episode 1. Webiny founder Sven Al Hamad says that Webiny is the first full-feature content management built for a serverless environment. “That means that we built Webiny from the ground up, and architected it so it works only inside serverless functions,” he said.
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Quip wants to help you floss
30 oktober 2019 · 2 min
Quip, the dental care startup that first went to market with electric toothbrushes, has launched its first product outside of brushes:a floss applicator with a refillable canister. The floss costs $20 for the metallic applicator and refills cost $5. Each string is pre-marked every 18 inches to help guide people to use that amount for each session. The floss has been in the works since before Quip officially launched its toothbrush, Quip CEO Simon Enever told TechCrunch.
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Shadow announces new plans for its cloud gaming platform
29 oktober 2019 · 5 min
Blade, the French startup behind Shadow, held a press conference this morning to announce some product news as well as some corporate changes. Shadow is a cloud computing service for gamers. For a monthly subscription fee, you can access a gaming PC in a data center near you. Compared to other cloud gaming services, Shadow provides a full Windows 10 instance. You can install anything you want, Steam, Photoshop or Word.
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