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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 Zoom and Superhuman’s PR disasters. Before that, I noted the big uptick in VC spending in 2019. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets. If you…
The rise of data breaches, along with an expanding raft of regulations (now numbering 80 different regional regimes, and growing) have thrust data protection — having legal and compliant ways of handling personal user information — to the top of the list of things that an organization needs to consider when building and operating their businesses. Now a startup called InCountry, which is building both the infrastructure for these companies…
Cryptocurrency Market Update Ouch. But we’re used to it! This wasn’t the best week for cryptocurrency markets in recent weeks, but the volatility isn’t anything we haven’t seen before. If you’ve been following cryptocurrency markets for a while, a 10% change in either direction in a day isn’t much to blink over. Anyway, let’s do a roll call of this week’s casualties: However, a few projects managed to escape the…
Contract management isn’t exactly an exciting subject, but it’s a real pain point for many companies. It also lends itself to automation, thanks to recent advances in machine learning and natural language processing. It’s no surprise then, that we see renewed interest in this space and that investors are putting more money into it. Earlier this week, Icertis raised a $115 million Series E round, for example, at a valuation…
Artificial intelligence is quickly becoming a foundational technology for enterprise software development and startups have begun addressing a variety of issues around using AI to make software and processes much more efficient. To that end, we are delighted to announce that Jocelyn Goldfein, a Managing Director at Zetta Venture Partners will be joining on us a panel to discuss AI in the enterprise. It will take place at the TechCrunch…
As the cryptocurrency market continues to entice new and old traders, teams are building projects to facilitate the process of buying and selling digital assets. One such company, called 3Commas, is one of the largest in the space to provide trading bots and trading automation tools. We got a chance to connect with the 3Commas team to understand more about their project and how they envision a future built on…
10x Ascend is a new firm that helps software development, cybersecurity and data science professionals negotiate for better deals. Founders Michael Solomon and Rishon Blumberg started out in talent management for the music industry (their clients still include musicians like Vanessa Carlton), then moved into representing tech freelancers with their firm 10x Management. More recently, they decided that there was an opportunity to provide similar services to full-time employees. Given…
ClassPass has set up yet another revenue stream, signing on partners like Facebook, Glossier, Google, Morgan Stanley, Under Armour, Etsy, Southwest Airlines and Gatorade to a corporate wellness program. The program will give employees at these companies access to the ClassPass network of more than 22,000 studio partners across 2500 cities around the world, which includes studio brands like Barry’s Bootcamp, Flywheel Sports, and CorePower Yoga. Corporate partners also get…
Abdol Nasser Hemmati, the governor of the Central Bank of Iran has announced that the government is working on a framework that will allow regulated cryptocurrency mining. According to the official, lawmakers are drafting policies that will require miners to pay for electricity at export rates. He has also mentioned that it’s in the government’s interest to have mined digital currencies channeled back into the Iranian economy. The move will…
We’re in a celebratory mood here at TechCrunch — it’s Prime day after all. So we’re setting you up for serious savings on passes to Disrupt Berlin 2019, which takes place on 11-12 December. Das ist wunderbar! Jump on this classic buy-one-get-one — BOGO — deal that starts today and ends tomorrow, July 16, at 11:59 p.m. (GMT). Buy an Innovator, Founder or Investor pass and you’ll score a second…
In a summer surprise this week, IBM announced it had closed its $34 billion blockbuster deal to acquire Red Hat. The deal, which was announced in October, was expected to take a year to clear all of the regulatory hurdles, but U.S. and EU regulators moved surprisingly quickly. For IBM, the future starts now, and it needs to find a way to ensure that this works. There are always going…
Bitcoin mining-profitability is on the rise again as the market recovers and Argo Blockchain, a United Kingdom-based mining company, says revenues have reportedly surpassed its projected second-quarter earnings as a result. According to the company’s just-released communiqué, profits have increased by 24 percent since June 3, 2019. The firm reckons that it will be able to get a return on its Antminer S17 and Antminer Z11 mining machine investments in…
Dan Wu is a privacy counsel and legal engineer at Immuta. He holds a JD from Harvard University, and is a PhD candidate for Social Policy and Sociology at The Harvard Kennedy School. More posts by this contributor Beyond costs, what else can we do to make housing affordable? Market map: the 200+ innovative startups transforming affordable housing Five billion dollars. That’s the apparent size of Facebook’s latest fine for…
Oracle has been complaining about the procurement process around the Pentagon’s $10 billion, decade-long JEDI cloud contract, even before the DoD opened requests for proposals last year. It went so far as to file a lawsuit in December, claiming a potential conflict of interest on the part of a procurement team member. Today, that case was dismissed in federal court. In dismissing the case, Federal Claims Court Senior Judge Eric…
This was a good market week for the Bitcoin maximalist – a casual 8:00 PM Presidential tweet storm villifying the asset and elevating the cryptocurrency conversation into global policy AND holding its price levels while everything around it spirals downward in double-digits. Not too shabby, BTC, not too shabby. Bitcoin held its position in an overall cryptocurrency market downward turn with a 2.9% gain for the week. Monero also had…
Brooklinen, the direct-to-consumer bed sheet brand backed by investors including FirstMark, is entering the apparel space with its first line of loungewear. The company says its designs, including tops, pants, shorts and a dress, are inspired by vintage athletic clothing and made from cotton and modal blended with spandex. Prices range from $28 for a t-shirt to $75 for jogger pants. The startup, whose investors also include NYU Innovation Venture…
GDPR, and the newer California Consumer Privacy Act, have given a legal bite to ongoing developments in online privacy and data protection: it’s always good practice for companies with an online presence to take measures to safeguard people’s data, but now failing to do so can land them in some serious hot water. Now — to underscore the urgency and demand in the market — one of the bigger companies…
The gaming sector has been growing by leaps and bounds, and its connection with the crypto industry is becoming increasingly stronger. According to the latest reports, leading video game publishers are starting to integrate blockchain and cryptocurrency components into their networks. This is to provide a better experience for both developers and users. Some Interesting Gaming Industry Statistics The U.S. gaming industry generated a record $43.4 billion in revenue…
Unmortgage, the London-based startup that lets you buy as little as 5% of a home and rent the rest, has announced a partnership with Allianz Global Investors (AllianzGI) to create a new fund to be used to purchase properties offered via the platform. The AllianzGI-managed fund is targeting a size of £500 million, according to my sources, while I understand that the deal was actually signed mid last year but…
Box co-founder, chairman and CEO Aaron Levie took his company from a consumer-oriented online storage service to a publicly traded enterprise powerhouse. Launched in 2005, Box today has more than 41 million users, and the vast majority of Fortune 500 companies use its service. Levie will join us at TC Sessions: Enterprise for a fireside chat about the past, present and future of Box, as well as the overall state…