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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…
DreamTeam is an all-in-one infrastructure platform for competitive eSports gaming. The platform acts a secure payment gateway with the goal of making eSports competition much more accessible to anyone around the world who wants to compete. DreamTeam aims to solve several pressing issues for eSports fans and players, such as secure salary payments and reception of tournament prize money via smart contracts. The company was founded on the ideals of…
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups & venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I struggled to understand WeWork’s growth trajectory. Before that, I noted some thoughts on scooter companies’ struggle to raise new cash. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets….
Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest online platform for selling products directly to businesses, raised nearly $70 million in a rare tech IPO for India this week. The milestone for the 23-year-old firm is so uncommon for India’s otherwise burgeoning startup ecosystem…
Happy belated 4th of July to our American readers, and Happy “Watching Videos of Americans Blow Eachother Up with Fireworks” Day for our international readers. This week’s markets experienced a pullback from the gains of last week. Bitcoin seems to be settling just shy of $11,300, down 6.3% for the week. Ethereum is down 5.29%, XRP is down 5.29%, and Cardano is down 11.65%. Privacy coins Monero and ZCash are…
French startup Clever Cloud is a cloud hosting company that operates a Platform as a Service (or PaaS). The company just launched GPU-based instances for machine learning purposes under a new brand, Clever Grid. Behind the scene, the company uses Nvidia GeForce GTX 1070. You get billed by the minute and the most basic instance costs €0.42 per hour, or €10 per day, or €300 per month. For this price,…
When you think of old, giant mainframes that sit in the basement of a giant corporation, still doing the same work they did 30 years ago, chances are you’re thinking about a financial institution. It’s the financial enterprises, though, that are often leading the charge in bringing new technologies and software development practices to their employees and customers. That’s in part because they are in a period of disruption that…
Goldman Sachs is likely to launch its own cryptocurrency in the near future. This is according to CEO David Solomon. Speaking to French news outlet Les Echos on June 28, he disclosed that the multinational investment firm is looking to develop its own stablecoin. He also divulged that the firm is studying the market-potential in regard to tokenization. When asked about a possible collaboration between Goldman Sachs and Facebook, the…
SoftBank Vision Fund has single-handedly changed the game when it comes to tech startup investment. And that’s why I’m excited to announce that SoftBank Vision Fund partner David Thevenon is joining us at TechCrunch Disrupt Berlin. Thevenon spent most of his career working for Google on international and strategic partnerships, especially in Latin America, Asia, Europe and Middle-East. He ended up heading the business development teams working on Android partnerships…
Only six months after snapping up virtualization specialist Parallels, Canadian software company Corel is itself getting acquired. TechCrunch has learned and confirmed with multiple sources that private equity giant KKR has closed a deal to buy the company from Vector Capital, which has owned some or all of Corel since 2003. KKR’s interest in Corel was first rumored in May, when PE Hub reported the two were in talks for…