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The five technical challenges Cerebras overcame in building the first trillion transistor chip
21 augustus 2019 · 9 min
Superlatives abound at Cerebras, the until-today stealthy next-generation silicon chip company looking to make training a deep learning model as quick as buying toothpaste from Amazon. Launching after almost three years of quiet development, Cerebras introduced its new chip today — and it is a doozy. The “Wafer Scale Engine” is 1.
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H20.ai announces $72.5M Series D led by Goldman Sachs
21 augustus 2019 · 3 min
H20.ai‘s mission is to democratize AI by providing a set of tools that frees companies from relying on teams of data scientists. Today it got a bushel of money to help. The company announced a $72.5 million Series D round led by Goldman Sachs and Ping An Global Voyager Fund. Previous investors Wells Fargo, NVIDIA and Nexus Venture Partners also participated. Under the terms of the deal, Jade Mandel from Goldman Sachs will be joining the H2O.ai Board.
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Men’s personal care startup Huron raises $1M
20 augustus 2019 · 3 min
Huron founder and CEO Matt Mullenax is hoping to build a big business around body wash. “For us, the broader mission is A+ personal care for guys everywhere — not just guys in New York or guys in the Bay Area or guys in Los Angeles,” he said. The startup has raised $1 million in seed funding from RXBAR founders Peter Rahal and Jared Smith, CXT Investments, and Lean Luxe founder M. Paul Munford.
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Twitter leads $100M round in top Indian regional social media platform ShareChat
20 augustus 2019 · 8 min
Is there room for another social media platform? ShareChat, a four-year-old social network in India that serves tens of million of people in regional languages, just answered that question with a $100 million financing round led by global giant Twitter . Other than Twitter, TrustBridge Partners, and existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital also participated in the Series D round of ShareChat.
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Binance launches Venus, which it calls an “independent, regional version” of Facebook’s Libra
19 augustus 2019 · 3 min
Binance, the world’s largest cryptocurrency exchange, announced today that it will launch an open blockchain project called Venus to develop regional stablecoins pegged to fiat currencies (or traditional currencies usually issued and backed by a government). Based in Malta, Binance launched its decentralized trading service, Binance Chain, earlier this year, and since then has issued stablecoins pegged to Bitcoin and the British pound.
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Flower delivery startup UrbanStems raises $12M to fund national expansion
19 augustus 2019 · 4 min
UrbanStems is announcing that it has raised $12 million in Series B funding. CEO Seth Goldman told me the startup has already been using the money to expand nationally. He explained that UrbanStems now has two delivery models — there are bike couriers who deliver plants and flowers within two hours in New York City and Washington, D.C. (where the company is headquartered), and then there’s a third-party shipping partner who offers next-day delivery to anywhere else in the United States.
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Only 24 hours left to apply to Hardware Battlefield at TC Shenzhen
15 augustus 2019 · 3 min
Holy hardware, startup founders! You have only 24 hours left to apply to the Hardware Battlefield at TC Shenzhenon November 11-12. This hardware-only pitch competition, cousin to TechCrunch’s world-renown Startup Battlefield, is a real game-changer. Got hardware? Want to launch on a world stage? Do. Not. Delay. Apply to compete in TC Hardware Battlefield 2019 before 11:59pm on August 14th. What’s in it for you? Excellent question.
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Ex-NSA chief Mike Rogers and Team8 founder Nadav Zafrir will be at Disrupt SF
15 augustus 2019 · 3 min
What happens when two former spies meet the startup world? We’re about to find out. We’re pleased to announce former National Security Agency director Adm. Mike Rogers will be at Disrupt SF on October 2-4. The former U.S. intelligence head oversaw the shadowy agency during one of its most tumultuous times in its history in the aftermath of the massive leak of classified documents by whistleblower Edward Snowden. He also oversaw the Pentagon’s cyberwar-fighting division, U.S.
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Would you rent out your living room for a few hours? This startup is counting on it
14 augustus 2019 · 6 min
Would you rent out your living room for a few hours? This startup is counting on it Recharge, a startup that tried convincing hotels to let its customers rent their rooms by the hour and even minute, has revamped and rebranded. Now Globe, the company is hoping to convince guests to sign up for short stays instead in people’s homes so that they can kick back between other commitments, and, if the host allows it, to shower and nap.
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Postmates to drop IPO filing next month
13 augustus 2019 · 4 min
Postmates plans to make its IPO paperwork public in September, TechCrunch has learned. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to go complete an initial public offering this year. With the S-1 dropping in September, San Francisco-based Postmates is expected to debut on the stock exchange by the end of the third fiscal quarter of 2019.
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BuzzFeed CTO joins men’s health startup Ro
13 augustus 2019 · 4 min
Ro, a two-year-old startup known for its online pharmacy of men’s health products, has named BuzzFeed’s Todd Levy its chief technology officer. Levy first joined BuzzFeed in 2014 as the digital media company’s vice president of engineering; he was named CTO in 2016. Prior to BuzzFeed, Levy co-founded and led link management tool bit.ly. Levy begins his new role Wednesday, August 14. We’ve reached out to BuzzFeed for comment.
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Vector’s launch business in peril after ‘major change in financing’
12 augustus 2019 · 3 min
Small satellite launch startup Vector has indefinitely shut down operations “in response a major change in financing,” the company confirmed. Co-founder and CEO Jim Cantrell has also been cut loose as part of the upset. The news comes as a surprise to the space startup community, and apparently to its employees. The company lined up $70 million in funding late last year, and recently was announced as a qualified contestant in DARPA’s Launch Challenge.
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Keith Rabois, BoxGroup back New York-based Brex competitor
12 augustus 2019 · 4 min
Considering its unparalleled success, it was only a matter of time before a Brex copycat emerged. Ramp Financial, a new startup led by Capital One-acquired Paribus founders Eric Glyman and Karim Atiyeh (pictured), has raised $7 million, TechCrunch has learned. The capital came from Keith Rabois of Founders Fund, BoxGroup’s Adam Rothenberg and Coatue Management, a hedge fund that recently launched a $700 million early-stage investment vehicle.
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Statespace picks up $2.5M to help gamers train
9 augustus 2019 · 4 min
Gaming continues to grow in popularity, with esports revenue growing 23 percent from last year to top $1 billion in 2019. But the metrics by which talent is evaluated in gaming, and the methods by which gamers can train to better hone their craft, are varied and at times non-existent. That’s where StateSpace, and specifically the company’s gaming arm Klutch, come into play. In 2017, Statespace launched out of stealth with their first product, Aim Lab.
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Cockroach Labs announces $55M Series C to battle industry giants
9 augustus 2019 · 4 min
Cockroach Labs, makers of CockroachDB, sits in a tough position in the database market. On one side, it has traditional database vendors like Oracle, and on the other there’s AWS and its family of databases. It takes some good technology and serious dollars to compete with those companies. Cockroach took care of the latter with a $55 million Series C round today. The round was led by Altimeter Capital and Tiger Global along with existing investor GV.
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Only 48 hours left for early-bird tickets to TC Sessions: Enterprise 2019
8 augustus 2019 · 4 min
If enterprise software makes your entrepreneurial heart beat faster, you do not want to miss TC Sessions: Enterprise 2019 on September 5 in San Francisco. And if you really want to make your heart sing, buy an early-bird ticket and save $100. But act quickly, because that deal disappears in just 48 hours on August 9 at 11:59 p.m. (PT).
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Female founders: Apply to the All Raise AMA to win a free Expo Pass to Disrupt SF
8 augustus 2019 · 4 min
Shouting out to all the fierce female founders. Have you applied to participate in theAll Raise“ask me anything” (AMA) sessions atDisrupt SF 2019? No? Women, it’s time to act. Apply for an AMA session by the August 30 deadline and you could win a free Expo Only Pass. You heard that right. We have 30 free Expo Only passes, and we’ll give them away at random to women founders who get accepted to the All Raise program at Disrupt SF 2019.
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Applications still open for Hardware Battlefield TC Shenzhen
7 augustus 2019 · 4 min
We’re still in the hunt for innovative early-stage hardware startup founders. And by that, we mean boundary-pushers, exceptional disrupters and all-around game-changers. If that sounds like you, you still have time to apply to compete in Hardware Battlefield at TC Shenzhenon November 11-12. Don’t miss your chance to compete in our epic, hardware-focused pitch competition. Apply to TC Hardware Battlefield 2019.
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Cybereason raises $200 million for its enterprise security platform
7 augustus 2019 · 6 min
Cybereason, which uses machine learning to increase the number of endpoints a single analyst can manage across a network of distributed resources, has raised $200 million in new financing from SoftBank Group and its affiliates. It’s a sign of the belief that SoftBank has in the technology, since the Japanese investment firm is basically doubling down on commitments it made to the Boston-based company four years ago.
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Monzo says it wasn’t storing ‘some’ customer PINs correctly, but has now fixed the bug
6 augustus 2019 · 4 min
Monzo says it wasn’t storing ‘some’ customer PINs correctly, but has now fixed the bug Monzo, the fast-growing challenger U.K. challenger bank that recently soft-launched in the U.S., is disclosing a potential, albeit relatively limited, security oversight that saw customer PINs stored incorrectly within the company’s internal systems.
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This startup wants to democratize custom sneaker ownership
6 augustus 2019 · 5 min
There’s nothing like having a pair of fresh, unique sneakers. Limited-release culture facilitates some of that, but The Custom Movement hopes to make originality and self-expression via sneakers more accessible to the masses. The Custom Movement, a custom sneaker startup backed by Y Combinator, enables independent artists to sell their one-of-a-kind sneaker designs to those who want highly unique Nikes, Vans, Timberlands or any other brand of shoe.
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Secure your seat to Disrupt Berlin now and pay later
5 augustus 2019 · 4 min
Secure your seat to Disrupt Berlin now and pay later Sonderangebot! That sounds like a super-cool robotics startup you’d find at Disrupt Berlin 2019, right? But it’s German for special offer — and that’s super cool, too. Our premier tech conference takes place on 11-12 December, and we want to make attending Disrupt Berlin as easy on the budget as possible.
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Bloomscape raises $7.5M to sell you plants of all sizes
5 augustus 2019 · 4 min
Direct-to-consumer plant retailer Bloomscape has raised $7.5 million in Series A funding, with several high-profile D2C startup founders signing on as investors. Founder and CEO Justin Mast told me that his family has five generations of experience as greenhouse owners and operators, and that he first tried to get Bloomscape off the ground more than a decade ago. Since then, Mast has worked at other startups, but he said, “Bloomscape was the one that got away.
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UrbanClap, India’s largest home services startup, raises $75M
2 augustus 2019 · 3 min
UrbanClap, a startup that offers home services across India and UAE, has raised $75 million to expand its business. The Series E round for the four-and-half-year-old Gurgaon-based startup was led Tiger Global. Existing investors Steadview Capital, which led the startup’s Series D round, and Vy Capital also participated in the round. The startup has raised about $185 million to date, according to Crunchbase.
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Attend Disrupt SF 2019 for free as a volunteer
2 augustus 2019 · 3 min
Forget the village, people. It takes an army to make TechCrunch Disrupt the well-oiled experience that savvy start-uppers have come to know and love. And we couldn’t do it nearly as well without our incredible volunteers.
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Calling all hardware startups! Apply to Hardware Battlefield @ TC Shenzhen
1 augustus 2019 · 4 min
Got hardware? Well then, listen up, because our search continues for boundary-pushing, early-stage hardware startups to join us in Shenzhen, China for an epic opportunity; launch your startup on a global stage and compete in Hardware Battlefield at TC Shenzhenon November 11-12. Apply here to compete in TC Hardware Battlefield 2019. Why? It’s your chance to demo your product to the top investors and technologists in the world.
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Prodly announces $3.5M seed to automate low code cloud deployments
31 juli 2019 · 3 min
Low code programming is supposed to make things easier on companies, right? Low code means you can count on trained administrators instead of more expensive software engineers to handle most tasks, but like any issue solved by technology, there are always unintended consequences. While running his former company, Steelbrick, which he sold to Salesforce in 2015 for $360 million, Max Rudman identified a persistent problem with low-code deployments.
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Tesseract makes spacecraft propulsion smaller, greener, stronger
31 juli 2019 · 8 min
Launch vehicles and their enormous rocket engines tend to receive the lion’s share of attention when it comes to space-related propulsion, but launch only takes you to the edge of space — and space is a big place. Tesseract has engineered a new rocket for spacecraft that’s not only smaller and more efficient, but uses fuel that’s safer for us down here on the surface.
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NakedPoppy launches curated beauty marketplace for wellness junkies
30 juli 2019 · 6 min
NakedPoppy co-founders Jaleh Bisharat and Kimberly Shenk are an impressive duo. Bisharat, the startup’s chief executive officer, is a commanding presence and a bona fide marketing savant. The perfect compliment to Shenk, a reticent and data-focused chief product officer. Together they’re building a cosmetics startup, NakedPoppy, where people can purchase high-quality “clean” makeup, or sustainable, ethically-made and cruelty-free products produced without harmful chemicals.
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Fintech decacorn Nubank raises $400m led by TCV
29 juli 2019 · 4 min
Another day, another mega round for a fintech startup. And this one is mega-mega. Brazil-based Nubank, which offers a suite of banking and financial services for Brazilian consumers, announced today that it has raised a $400 million Series F round of venture capital led by Woody Marshall of TCV. The growth-stage fund is best known for its investment in Netflix but has also made fintech a high priority, with over $1.5 billion in investments in the space.
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Robinhood stored passwords in plaintext, so change yours now
26 juli 2019 · 4 min
Investment and stock trading app Robinhood stored some user credentials, including passwords, in plaintext on internal systems, the company revealed today. This particularly dangerous security misstep could have seriously exposed its users, though it says that it has no evidence the data was accessed improperly. Better change your password now. Sensitive data like passwords and personal information are generally kept encrypted at all times.
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Ethyca raises $4.2M to simplify GDPR compliance
26 juli 2019 · 4 min
GDPR, the European data privacy regulations, have been in effect for over a year, but it’s still a challenge for companies to comply. Ethyca, a New York City startup, has created a solution from the ground up to help customers adhere to the regulations, and today it announced a $4.2 million investment led by IA Ventures and Founder Collective. Table Management, Sinai Ventures, Cheddar founder Jon Steinberg and Moat co-founder Jonah Goodhart also participated.
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Andreessen Horowitz values camping business Hipcamp at $127M
26 juli 2019 · 3 min
Hipcamp uses technology to get people away from technology. The San Francisco-based startup provides a “people-powered platform” that unlocks access to private land for camping, glamping or just a beautiful spot to park your RV, as described by Alyssa Ravasio, founder and chief executive officer. Amid explosive growth in emerging markets, including Florida and Texas, the company has attracted a $25 million Series B investment at a valuation of $127 million.
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SMB payroll startup Gusto raises $200m series D, plans R&D expansion to NYC
25 juli 2019 · 5 min
Every employee loves receiving their paycheck. It just so happens though that paying employees can be a royal pain, what with incredibly diverse labor laws across all 50 U.S. states. While large, Fortune 500 employers have a bevy of options, from traditional firms like ADP to newer entrants like Workday, small and medium businesses (SMBs) face the brunt of the challenge — too small to be attractive to the biggest players, but still responsible for following the complexity of U.S. labor law.
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DoorDash will change controversial tipping model
25 juli 2019 · 3 min
DoorDash CEO Tony Xu announced via Twitter that the company will be changing its model for compensating Dashers (a.k.a. DoorDash drivers and other delivery people). The companyfaced criticism this year its payment policies. Under the current system, a Dasher’s payment consists of a $1 base from DoorDash, the customer’s tip and — when the first two items fall below the guaranteed minimum — an additional payment boost from DoorDash.
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WeWork accelerates IPO plans, plots September listing
24 juli 2019 · 4 min
WeWork chief executive officer Adam Neumann is already rich, but soon all of the early employees and investors of the co-working giant will be too. The business, now known as The We Company, has accelerated its plans to go public, according to a new report from The Wall Street Journal. WeWork is expected to unveil is S-1 filing next month ahead of a September initial public offering. WeWork declined to provide comment for this story.
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Almost sold out! Buy a ticket to the 14th Annual TechCrunch Summer Party
24 juli 2019 · 3 min
Last call, startuppers! TechCrunch’s Silicon Valley summer soiree — a.k.a. the 14th Annual TechCrunch Summer Party — is nearly sold out. If you want to join the brightest members of the startup community on July 25 and celebrate your intrepid entrepreneurial spirit, you’d best buy a ticket while you can. It’s now o’clock, people! This annual event is a true startup tradition.
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Meet 500 Startups’ 25th batch of startups
23 juli 2019 · 6 min
It’s that time of year again. When startup founders fret for weeks on end as the long-awaited Demo Day approaches. Investors pore through lists of startups participating in various accelerator programs and have their associates ping dozens of founders for coffee meetings. Demo Day season is upon us.
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Serverless, Inc expands free Framework to include monitoring and security
23 juli 2019 · 4 min
Serverless development has largely been a lonely pursuit until recently, but Serverless, Inc has been offering a free framework for intrepid programmers since 2015. At first, that involved development, deployment and testing, but today the company announced it is expanding into monitoring and security to make it an end-to-end tool — and it’s available for free.
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Deadline extended! Apply to the All Raise female founder program at Disrupt SF 2019
22 juli 2019 · 4 min
We’ve got great news for all the time-strapped female founders out there. Yeah, we’re looking at you, sister. We’re extending the application deadline to apply for the All Raise “ask me anything” (AMA) sessions at Disrupt SF 2019. Don’t miss this rare opportunity to meet with a leading female VC and, well, ask her anything. Apply for an AMA sessionby August 15.
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Hardware startups take center stage for Hardware Battlefield at TC Shenzhen
19 juli 2019 · 4 min
Software grabs so much attention that it even has its own catchphrase — there’s an app for that. It’s not a bad thing, but we know nothing happens without hardware. That’s why we’re hunting for the best early-stage hardware startups to take center stage at Hardware Battlefield at TC Shenzhenon November 11-12 in China. Apply here to compete in TC Hardware Battlefield 2019, our hardware-focused pitch competition.
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Last chance! Apply for the All Raise female founder program at Disrupt SF 2019
19 juli 2019 · 4 min
Newsflash for all female founders of the early-stage startup variety. Your chance to meet with leading women VCs atDisrupt SF 2019on October 2-4 ends on July 19 at 5 p.m. (PT).Apply for an AMA sessionbefore the deadline expires. We’re serious when it comes to supporting women in tech, which is why we partnered with All Raise — a startup nonprofit dedicated to accelerating female founder success.
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3 lessons from Roblox’s growth to gaming dominance
18 juli 2019 · 6 min
Our recently published EC-1 on Roblox recounts the origin story and growth prospects of the company. But there’s one more piece to the story: what Roblox’s impact will be on gaming and the broader startup industry, if the company manages to multiply its current 90 million users.
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AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors
18 juli 2019 · 6 min
Google and its flagship search portal opened the door to the possibilities of how to build a business empire on the back of organising and navigating the world’s information, as found on the internet. Now, a startup that’s built a search engine tailored to the needs of enterprises and their own quests for information has raised a round of funding to see if it can do the same for the B2B world.
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Social chat app Capture launches to take a shot at less viral success
17 juli 2019 · 26 min
At first glance launching a new social app may seem as sensible a startup idea as plunging headfirst into shark-infested waters. But with even infamous curtain-ripper Facebook now making grand claims about a ‘pivot to privacy’ it’s clear something is shifting in the commercial shipping channels that contain our digital chatter. Whisper it: Feeds are tiring. Follows are tedious. Attention is expiring.
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Final ticket release to the 14th Annual TechCrunch Summer Party
17 juli 2019 · 3 min
One of Silicon Valley’s most fun and enduring traditions — the14th Annual TechCrunch Summer Party — takes place on July 25. If you don’t have a ticket yet, know this: We just released the last batch of tickets. Once they’re gone, that’s it. No party for you. Don’t miss out on a night of fun and opportunity — buy your ticket today.
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India’s budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition
16 juli 2019 · 4 min
India’s Oyo has expanded its hotel chain business to over 80 countries and entered co-living spaces segment in recent years. The firm, which has raised about $1 billion in the last two quarters from several big names including Airbnb, has now identified a new business to target: co-working spaces. The Gurgaon-headquartered firm on Tuesday announced Oyo Workspaces that is already operational across 10 cities in India with over 20 centres.
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Brave Care, backed by Y Combinator, is an urgent care clinic just for kids
16 juli 2019 · 5 min
Brave Care is an urgent care facility for pediatric care that costs, on average, about 80% less than a pediatric ER visit. Darius Monsef and his co-founder came up with the idea shortly after a fateful week for the Monsef family, during which their four-year-old dove off a bike ramp and their one-year-old started having breathing problems. For both visits, he went to a pediatric urgent care facility where his kids were thoughtfully and patiently treated by Dr. Corey A. Fish.
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Sage Plus for Experts gives travel experts a central place to share their content
15 juli 2019 · 4 min
Sage is giving reviewers, chefs and other experts and publishers a central place to share all their content. To do this, the startup has created a new product called Sage Plus for Experts, which isn’t open to the public yet, but is accepting signups from those aforementioned travel experts — the kinds of experts who can share content around things to do, food, drinks, experiences and shopping.
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With so much late-stage money available, why are tech companies going public now?
15 juli 2019 · 10 min
Ajay Chopra Contributor Ajay Chopra co-founded Pinnacle Systems in his living room and grew it to a multi-billion dollar public company before becoming a venture capitalist with Trinity Ventures.
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