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Darrell Etherington @ TechCrunch · 12/29/2020 12:04 EDT

23andMe raises $82.5 million in new funding

DNA testing technology company 23andMe has raised just shy of $82.5 million in new funding, from an offering of $85 million in total equity shares, according to a new SEC filing. The funding, confirmed by the Wall Street Journal, comes from investors including Sequoia Capital and NewView Capital. It brings the total raised by 23andMe [
] Read more â€ș

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TechCrunch
Anthony Ha @ TechCrunch · 12/29/2020 12:00 EDT

CommonGround raises $19M to rethink online communication

CommonGround, a startup developing technology for what its founders describe as “4D collaboration,” is announcing that it has raised $19 million in funding. This isn’t the first time Amir Bassan-Eskenazi and Ran Oz have launched a startup together — they also founded video networking company BigBand Networks, which won two technology-related Emmy Awards, went public [
] Read more â€ș

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TechCrunch
Devin Coldewey @ TechCrunch · 12/29/2020 11:35 EDT

As launch market matures, space opportunities on the ground take off

The space economy in the last few years has been in large part driven by the increasing cadence and reliability of launch services, and while that market will continue to grow, the new economy enabled by those launches is only just beginning to take off. If you thought the launch boom was big, just wait [
] Read more â€ș

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TechCrunch
Danny Crichton @ TechCrunch · 12/29/2020 11:26 EDT

Seattle-based Madrona raises $320M for its eighth fund

Madrona Venture Group has been a mainstay of the Seattle and northwest United States startup ecosystem for years now, and it looks like it is going to continue that legacy going forward. In a filing with the SEC, the firm announced its eighth venture capital fund, raising $320 million. That’s up slightly from the firm’s [
] Read more â€ș

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TechCrunch
Danny Crichton @ TechCrunch · 12/29/2020 11:15 EDT

ZFellows offers $10k to stop what you’re doing for a week and work on a side project

There is massive VC overcapitalization for Series A and later companies, and probably for seed as well. But there is a massive gap in the market to financially underwrite promising founders and guide them out of their current employers or schools. Cory Levy, who has been a long-time angel investor and startup tinkerer, launched First [
] Read more â€ș

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TechCrunch
Danny Crichton @ TechCrunch · 12/29/2020 10:46 EDT

Startup cynicism and Substack, or Clubhouse, or Miami, or 


If you build it, they will come, but they sure as hell are going to complain about everything until they do. There were millions of bets made in the tech industry last year. Some of those bets involved actual venture capital dollars. Others involved individual decisions on where to live: do you bet on the [
] Read more â€ș

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TechCrunch
Anthony Ha @ TechCrunch · 12/29/2020 10:15 EDT

Streaming services face their real test in 2021

“Next year, all of those services are leveling up to a different world, where people are going to need to start paying for it." Read more â€ș

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TechCrunch
Ron Miller @ TechCrunch · 12/29/2020 10:09 EDT

VMware files suit against former exec for moving to rival company

Earlier this month, when Nutanix announced it was hiring former VMware COO Rajiv Ramaswami as CEO, it looked like a good match. What’s more, it pulled a key player from a market rival. Well, it seems VMware took exception to losing the executive, and filed a lawsuit against him yesterday for breach of contract. The [
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TechCrunch
Jordan Crook @ TechCrunch · 12/29/2020 10:00 EDT

Dongnae raises $4.1 million to digitize real estate in South Korea

Despite the pandemic keeping us in one place most of the time, proptech is still taking off. And not just in the U.S. Dongnae is looking to digitize the rental and home buying market in South Korea. The startup is announcing the close of a $4.1 million seed round, led by Flybridge and MetaProp, with [
] Read more â€ș

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TechCrunch
Darrell Etherington @ TechCrunch · 12/29/2020 09:59 EDT

Skyroot successfully test fires India’s first privately-made solid rocket stage

Rocket launch startup Skyroot is closing out 2020 with a key milestone in the development program for their Vikram-I launch vehicle: A successful test firing of a solid rocket propulsion stage that serves as a demonstrator of the same tech to be used in the production Vikram. This is the first time that a private [
] Read more â€ș

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TechCrunch
Walter Thompson @ TechCrunch · 12/29/2020 08:45 EDT

COVID-19 revealed the fragility of supply chains

All these materials and components find their way in the supply chain, but their stories get lost along the way. Read more â€ș

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TechCrunch
Steve O'Hear @ TechCrunch · 12/29/2020 04:00 EDT

Estonian proptech Rendin raises €1.2M seed for its long-term rental platform

Rendin, an Estonian proptech startup that wants to improve the home rental experience, including offering a no-deposit feature, has raised €1.2 million in seed funding. Backing the round is Tera Ventures, Iron Wolf Capital, Truesight Ventures, Atomico’s Angel Programme, and Startup Wise Guys. Launched in Estonia in March this year and currently expanding to Poland, [
] Read more â€ș

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TechCrunch
Ingrid Lunden @ TechCrunch · 12/29/2020 01:59 EDT

AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights

Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks, or something else altogether — require an unprecedented amount of computing power to run. And today, one of the big names in the [
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TechCrunch
Rita Liao @ TechCrunch · 12/28/2020 20:38 EDT

Tencent backs Chinese healthcare portal DXY in $500M round

DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in a new round led by private equity firm Trustbridge Partners. Existing backer Tencent and Hillhouse Capital also participated in the round, which lifted the firm’s total funding to over $660 million [
] Read more â€ș

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TechCrunch
Anthony Ha @ TechCrunch · 12/28/2020 18:10 EDT

Daily Crunch: China presents ‘rectification’ plan for Ant Group

The Chinese government could reshape Ant Group’s business, Tesla plans to launch in India next year and the FAA announces a new ID requirement for drones. This is your Daily Crunch for December 28, 2020. The big story: China presents ‘rectification’ plan for Ant Group Less than two months ago, Chinese authorities halted the planned [
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TechCrunch
Devin Coldewey @ TechCrunch · 12/28/2020 17:51 EDT

Feast your eyes on the space rocks Japan’s Hayabusa 2 mission harvested from asteroid Ryugu

Japan’s ambitious second asteroid return mission, Hayabusa 2, has collected a wealth of material from its destination, Ryugu, which astronomers and other interested parties are almost certainly champing at the bit to play with. Though they may look like ordinary bits of charcoal, they’re genuine asteroid surface material — and a little something shiny, too. [
] Read more â€ș

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TechCrunch
Alex Wilhelm @ TechCrunch · 12/28/2020 17:11 EDT

Unpacking Qualtrics’ brand-new S-1 filing

The Exchange is taking a break from vacation to dig into the new Qualtrics S-1 filing. Then the column and newsletter are back on hold until January 4th. This afternoon, Qualtrics, a software company that helps companies poll their employee base, customers, and others, filed to go public. It’s the second time that the Utah-based [
] Read more â€ș

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TechCrunch
Brian Heater @ TechCrunch · 12/28/2020 16:34 EDT

New FAA rule requires Remote ID for drones

The FAA today announced that it will be issuing two new rules for drone pilots in the U.S. The first is the implementation of a long-awaited Remote ID. The system effectively works as a kind of digital license plate for unmanned aircraft, broadcasting identifying details, including the location of the craft. The full text of [
] Read more â€ș

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TechCrunch
Greg Kumparak @ TechCrunch · 12/28/2020 16:20 EDT

How Niantic evolved Pokémon GO for the year no one could go anywhere

PokĂ©mon GO was created to encourage players to explore the world while coordinating impromptu large group gatherings — activities we've all been encouraged to avoid since the pandemic began. Read more â€ș

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TechCrunch
Brian Heater @ TechCrunch · 12/28/2020 14:58 EDT

Samsung hasn’t announced the Galaxy S21 yet, but you can already reserve one

For obvious reasons, many of us are spending the final week of 2020 looking forward. Samsung is hoping some folks are looking far enough ahead to reserve a spot in line for its still-unannounced Galaxy S21 handset (not an official name, mind, but probably a safe guess). If you’re on the Samsung Mobile mailing list, [
] Read more â€ș

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