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Kirsten Korosec @ TechCrunch · 12/23/2020 12:13 EDT

Nuro acquires autonomous trucking startup Ike

Autonomous delivery company Nuro has acquired Ike, a startup founded by veterans of Apple, Google and Uber Advanced Technologies Group that aimed to commercialize self-driving trucks. The deal, the latest in a busy season of acquisitions and consolidation in the autonomous vehicle industry, brings together two companies that have deep ties and shared technology. And [
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TechCrunch
Darrell Etherington @ TechCrunch · 12/23/2020 10:06 EDT

Voyager Space Holdings to acquire majority stake in commercial space leader Nanoracks

Voyager Space Holdings continues to build up its portfolio of strategic space service offerings with the acquisition of a majority stake in X.O. Markets, the parent company of Nanoracks. Nanoracks has provided commercial space services for years now, and most recently provided the Bishop Airlock that was installed on the International Space Station. Bishop is [
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TechCrunch
Matt Burns @ TechCrunch · 12/23/2020 09:07 EDT

Nikola’s stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks

The undoing of Nikola continues. Today, the company announced the termination of its contract with Republic Services for 2,500 garbage trucks. Announced back in August, the deal had Nikola building garbage trucks in 2023 with on-road testing scheduled for 2024. This is the latest deal to unravel for Nikola as it tries to patch up [
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TechCrunch
Ron Miller @ TechCrunch · 12/23/2020 09:00 EDT

Looking ahead after 2020’s epic M&A spree

When we examine any year in enterprise M&A, it’s tempting to highlight the biggest, gaudiest deals — and there were plenty of those in 2020. I’ve written about 34 acquisitions so far this year. Of those, 15 were worth $1 billion or more, 12 were small enough to not require that the companies disclose the [
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TechCrunch
Mike Butcher @ TechCrunch · 12/23/2020 08:02 EDT

Yayzy app automatically calculates the environmental impact of your spending

Ahead of the turning of the New Year, many people are wishing they could do something about the environment. Now, a UK startup hopes to make our environmental impact more personal. Yayzy has now launched an iOS app (but Android is coming) which literally links to your bank account to work out the environmental impact [
] Read more â€ș

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TechCrunch
Rita Liao @ TechCrunch · 12/23/2020 07:06 EDT

TikTok parent ByteDance hiring for AI drug discovery team

ByteDance, TikTok’s Chinese parent company, is entering the health industry as it seeks to diversify a business dependent on advertising and livestreaming sales. The company, which prides itself on content algorithms, has started seeking talent in AI drug discovery across Mountain View, Shanghai and Beijing, its recruiting page shows. “We are looking for candidates to [
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TechCrunch
Manish Singh @ TechCrunch · 12/23/2020 04:54 EDT

Telegram to launch an ad platform as it approaches 500 million users

Instant messaging app Telegram is approaching 500 million users and plans to start generating revenue starting next year to keep the business operational, its founder Pavel Durov said on Wednesday. Durov said he has personally bankrolled the seven-year-old business to date, but as the startup scales he is looking for ways to monetize the instant [
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TechCrunch
Mike Butcher @ TechCrunch · 12/23/2020 04:51 EDT

AI-driven energy startup Octopus hits $2Bn mark after $200M investment from Tokyo Gas

You’ve heard of challenger banks? Now meet the challenger energy suppliers. The UK’s Octopus Energy has attained a $2.06 billion valuation (ÂŁ1.5 billion) after attracting a $200 million (ÂŁ150 million) investment from Tokyo Gas for a 9.7% stake, in order to launch a joint venture. Octopus will own 30% of the venture, with Tokyo Gas [
] Read more â€ș

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TechCrunch
Catherine Shu @ TechCrunch · 12/23/2020 01:17 EDT

On-demand logistics company Lalamove gets $515 million Series E

Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The round was led by Sequoia Capital China, with participation from Hillhouse Capital and Shunwei Capital. All three are returning investors. According to Crunchbase data, this brings Lalamove’s [
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TechCrunch
Rita Liao @ TechCrunch · 12/22/2020 22:11 EDT

Chinese autonomous driving startup WeRide bags $200M in funding

WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Mega investments aren’t uncommon at companies like WeRide developing the next-generation level 4 driving standard, which denotes that the car can handle the majority of driving situations independently without [
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TechCrunch
Sarah Perez @ TechCrunch · 12/22/2020 20:02 EDT

TaskRabbit is resetting customer passwords after finding  ‘suspicious activity’ on its network

TaskRabbit has reset an unknown number of customer passwords after confirming it detected “suspicious activity” on its network. The IKEA -owned online marketplace for on-demand labor said it reset user passwords out of an abundance of caution and that it “took steps to prevent access to any user accounts,” a TaskRabbit spokesperson told TechCrunch. “As [
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TechCrunch
Anthony Ha @ TechCrunch · 12/22/2020 18:10 EDT

Daily Crunch: Stimulus bill increases penalties for illegal streaming services

The stimulus bill includes significant changes to copyright law and enforcement, the Biden administration may have to build a presidential Twitter following from scratch and we round up the startups that shut down this year. This is your Daily Crunch for December 22, 2020. The big story: Stimulus bill increases penalties for illegal streaming services [
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TechCrunch
Brian Heater @ TechCrunch · 12/22/2020 17:18 EDT

Substack explains its ‘hands-off’ approach to content moderation

Content moderation has been a thorny topic in 2020. And when I say “thorny,” I mean in the sense of having multiple congressional hearings on the subject. Twitter and Facebook in particular have been mired in concerns around the subject, fielding complaints that they both haven’t done enough to weed out problematic content and suggestions [
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TechCrunch
Lucas Matney @ TechCrunch · 12/22/2020 17:05 EDT

Elon Musk claims he tried selling Tesla to Apple but Tim Cook wasn’t interested

Tesla stock’s miraculously bizarre 2020 might have a gone different way had Apple’s Tim Cook agreed to a meeting in recent years, or so says Elon Musk. Reacting to Reuters’ recent news that Apple has not abandoned its electric car program and is still pursuing plans to build a physical vehicle, Musk tweeted that in [
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TechCrunch
Anthony Ha @ TechCrunch · 12/22/2020 16:33 EDT

Bandit ML helps e-commerce businesses present the most effective offer to each shopper

Bandit ML aims to optimize and automate the process of presenting the right offer to the right customer. The startup was part of the summer 2020 class at accelerator Y Combinator . It also raised a $1.32 million seed round in September from YC, Haystack Fund, Webb Investment Network, Liquid 2 Ventures, Jigsaw Ventures, Basecamp Fund, [
] Read more â€ș

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TechCrunch
Darrell Etherington @ TechCrunch · 12/22/2020 15:59 EDT

NASA opens new launchpad at Kennedy Space Center meant to serve multiple commercial launch customers

NASA has finished work on a new launchpad at its Kennedy Space Center in Florida – Launch Complex 48 (LC-48), a pad that will be able to support smaller launch vehicles than either LC-39A or B, or SLC-41, which currently host SpaceX, SLS and ULA launches respectively. It’s designed to be able to be used [
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TechCrunch
Ron Miller @ TechCrunch · 12/22/2020 15:34 EDT

With a $50B run rate in reach, can anyone stop AWS?

AWS, Amazon’s flourishing cloud arm, has been growing at a rapid clip for more than a decade. An early public cloud infrastructure vendor, it has taken advantage of first-to-market status to become the most successful player in the space. In fact, one could argue that many of today’s startups wouldn’t have gotten off the ground [
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TechCrunch
Natasha Mascarenhas @ TechCrunch · 12/22/2020 15:14 EDT

To win post-pandemic, edtech needs to start thinking big

If 2020 showed us how hard “Zoom school” really is, then 2021 should not be about creating more versions of Zoom schools. Read more â€ș

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TechCrunch
Brian Heater @ TechCrunch · 12/22/2020 15:00 EDT

Twitter’s POTUS account will reportedly be reset to zero followers when Biden takes over

In this country, we have a longstanding peaceful transfer of power for the executive office, even in the wake of the hardest-fought elections. Certain circumstances have led many to question whether the tradition will continue come January 20. Despite his very vocal protestations, however, the current president has agreed to step aside, should all of [
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