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Walter Thompson @ TechCrunch · 01/08/2021 10:32 EDT

5 reforms necessary to create a truly cashless society

Innovation is necessary in the digital wallet space to pioneer the movement to change the outdated fee models for the simple act of money exchange. Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/08/2021 10:08 EDT

Roku acquires Quibi’s content

Quibi is dead, but its shows will live on. The Wall Street Journal reported last week that Roku was in talks to acquire the short-form video service’s content. And this morning, Roku announced that it has indeed reached a deal for the exclusive distribution rights to all of Quibi’s programs. Roku said it will make […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 01/08/2021 09:33 EDT

SilviaTerra wants to bring the benefits of carbon offsets to every landowner everywhere

Zack Parisa and Max Nova, the co-founders of the carbon offset company SilivaTerra, have spent the last decade working on a way to democratize access to revenue generating carbon offsets. As forestry credits become a big, booming business on the back of multi-billion dollar commitments from some of the world’s biggest companies to decarbonize their […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 01/08/2021 09:23 EDT

Google’s plan to replace tracking cookies goes under UK antitrust probe

Google’s plan to end support for third party cookies in the Chrome browser and its Chromium engine is under investigation by the UK’s Competition and Markets Authority (CMA). The antitrust regulator said today that it’s launched a probe under Chapter II of the UK’s Competition Act 1998 into “suspected breaches of competition law by Google”. The […] Read more

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TechCrunch
Zack Whittaker @ TechCrunch · 01/08/2021 08:52 EDT

Chris Krebs and Alex Stamos have started a cyber consulting firm

Former U.S. cybersecurity official Chris Krebs and former Facebook chief security officer Alex Stamos have founded a new cybersecurity consultancy firm, which already has its first client: SolarWinds . The two have been hired as consultants to help the Texas-based software maker recover from a devastating breach by suspected Russian hackers, which used the company’s […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 01/08/2021 03:00 EDT

Jobandtalent tops up with $108M for its ‘workforce as a service’ platform

Madrid-based Jobandtalent, a digital temp staffing agency which operates a dual-sided platform that connects temp workers with employers needing regular casual labor in sectors like transport and logistics, has added €88 million (~$108M) to its Series C — bringing the total raised following an earlier (2019) closing of the round to €166M. The 2009-founded startup […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 01/07/2021 23:20 EDT

Shares of Hyundai Motors Co. climb more than 20% on potential EV deal with Apple

Hyundai Motor Company is downplaying reports that it is in talks with Apple to produce an autonomous electric vehicle, stating that discussions are still in the “early stage” and still undecided. But the news of a potential tie-up (however tentative) with Apple, which is known for keeping a tight lid on deals before they are […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 01/07/2021 22:49 EDT

Tencent investment stays on game in 2020

It’s no secret that Tencent, the Chinese tech giant behind WeChat and a handful of blockbuster video games, is an aggressive investor. Even during 2020 when the pandemic slowed down economic activity in many parts of the world, Tencent was charging ahead with its investment ambitions. During the year, the company participated in more than […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 01/07/2021 19:44 EDT

Trump returns to Twitter with what sounds like a concession speech

It’s been a long couple of days for the country, but President Trump only had to wait 12 hours before returning to his social network of choice. In an uncharacteristically scripted three-ish minute speech, the president denounced the “heinous attack” on the Capitol. “The demonstrators who infiltrated the Capitol have defiled the seat of American […] Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 01/07/2021 19:11 EDT

Google AI concocts ‘breakie’ and ‘cakie’ hybrid baked goods

If, as I suspect many of you have, you have worked your way through baking every type of cookie, bread, and cake under the sun over the last year, Google has a surprise for you: a pair of AI-generated hybrid treats, the “breakie” and the “cakie.” The origin of these new items seems to have […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 01/07/2021 18:23 EDT

TikTok bans videos of Trump inciting mob, blocks #stormthecapital and other hashtags

For obvious reasons, Trump doesn’t have a TikTok account. But the President’s speeches that helped incite the mob who yesterday stormed the U.S. Capitol will have no home on TikTok’s platform. The company confirmed to TechCrunch its content policy around the Capitol riots will see it removing videos of Trump’s speeches to supporters. It will […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 01/07/2021 18:15 EDT

Detroit’s Ludlow Ventures goes for fund four

Ludlow Ventures, an 11-year-old, Detroit-based seed-stage venture firm, is in the process of closing on $65 million in capital commitments for its fourth and newest fund, shows SEC paperwork filed this week. We reached out to firm founder Jonathan Triest, who declined to comment, citing SEC regulations. Ludlow closed its previous fund, a $45 million […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 01/07/2021 18:14 EDT

F5 snags Volterra multi-cloud management startup for $500M

F5, the applications networking company announced today that it is acquiring Volterra, a multi-cloud management startup for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation. Volterra emerged in 2019 with a $50 million investment from multiple sources including Khosla Ventures and Mayfield along with […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/07/2021 18:10 EDT

Daily Crunch: Facebook bans Trump for two weeks

Online platforms take action against President Trump, Lenovo tries out a swiveling screen and Roblox raises $250 million. This is your Daily Crunch for January 7, 2021. The big story: Facebook bans Trump for two weeks After a pro-Trump mob stormed the U.S. Capitol yesterday, a number of online platforms moved to suspend accounts connected […] Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 01/07/2021 18:01 EDT

Epic acquires Rad Game Tools, veteran of many gaming generations

Epic today announced the acquisition of Rad Game Tools, maker of game development tools for many years. They’ve stayed largely behind the scenes, but many gamers will recognize the colorful Bink Video logo, which has appeared in the openings of many a title over the years. “Our work with Epic goes back decades, and joining […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/07/2021 17:50 EDT

Text marketing startup Voxie raises $6.7M

Like many startups, Atlanta-based Voxie was created to solve a problem that founder and CEO Bogdan Constantin faced himself. In Constantin’s case, this was at his previous tuxedo rental startup Menguin (ultimately acquired by Generation Tux), where he said he had to market a product with a six-to-nine month sales cycle, as customers were usually weighing […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 01/07/2021 17:43 EDT

MadeiraMadeira, Brazil’s answer to Wayfair and Ikea, is now worth over $1 billion

MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fund and the Brazilian public and private investment firm, Dynamo. An online marketplace specializing in home products, MadeiraMadeira offers roughly 300,000 products so customers can build […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 01/07/2021 17:08 EDT

RedHat is acquiring container security company StackRox

RedHat today announced that it’s acquiring container security startup StackRox . The companies did not share the purchase price. RedHat, which is perhaps best known for its enterprise Linux products has been making the shift to the cloud in recent years. IBM purchased the company in 2018 for a hefty $34 billion and has been […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 01/07/2021 16:37 EDT

Michelle Obama calls on Silicon Valley to permanently ban Trump and prevent platform abuse by future leaders

In a new statement issued by former First Lady Michelle Obama, she calls on Silicon Valley specifically to address its role in the violent insurrection attempt by pro-Trump rioters at the U.S. Capitol building on Wednesday. Obama’s statement also calls out the obviously biased treatment that the primarily white pro-Trump fanatics faced by law enforcement […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 01/07/2021 16:19 EDT

Connecting employer healthcare plans to surgical centers of excellence nets Carrum Health $40 million

Six years after launching its service linking employer-sponsored insurance plans with surgical centers of excellence, the Carrum Health has raised $40 million in a new round of financing to capitalize on tailwinds propelling its business forward.  As the COVID-19 pandemic exposes cracks in the U.S. healthcare system, one of the ways that employers have tried […] Read more

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