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Matt Burns @ TechCrunch · 12/18/2020 11:24 EDT

Watch Space Force’s Lt. Gen. John Thompson speak on sourcing tech to secure space

Lt. Gen. John Thompson of the United States Space Force spoke at TechCrunch Session: Space earlier this week on the importance of working with startups. The general is the Commander of the Space and Missiles Systems Center, where he oversees research, design, development, and acquisition of satellites and their associated command and control systems for the […] Read more

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TechCrunch
Matt Burns @ TechCrunch · 12/18/2020 11:17 EDT

Lt. Gen. John Thompson explains how startups can interact with the Space Force

Space Force’s Lt. Gen. John Thompson spoke at TechCrunch Session: Space earlier this week. Throughout the wide-ranging interview, General Thompson explained the various ways and means for private companies like startups should interact with Space Force. Thompson knows what he’s talking about. As the Commander of the Space and Missiles Systems Center, he oversees research, […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 12/18/2020 11:00 EDT

DJI added to Commerce Department ‘entity list’

Following numerous reports that the U.S. government was seeking to crack down on DJI, the Department of Commerce today will be adding the drone giant to its “Entity List.” The decision is set to officially go into effect at around 11AM ET this morning, when the list is officially released. Reuters and Drone DJ have […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 12/18/2020 10:46 EDT

Brazilian lending company Creditas raises $255 million as Latin America’s fintech explosion continues

Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. The company’s credit portfolio has crossed 1 billion reals ($196.66 million) and the new round will value the company at $1.75 billion thanks to $570 million raised in outside […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 12/18/2020 10:43 EDT

Indian food delivery giant Zomato secures $660 million

Zomato has raised $660 million in a financing round — Series J — that it kicked off last year as the Indian food delivery startup prepares to go public next year. The Indian startup said Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview participated in the round, which gives Zomato a […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 12/18/2020 10:26 EDT

Unpacking Poshmark’s IPO filing

The market will decide how valuable Poshmark is. But who will it enrich with its final pricing decision? Let's find out. Read more

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TechCrunch
Anthony Ha @ TechCrunch · 12/18/2020 10:22 EDT

Unfold launches lightweight, link-centric profiles called Bio Sites

Unfold, the social media startup acquired by Squarespace last year, is launching a new tool for users to share all the links that are important with them. This is the first step Unfold has taken beyond its story-format authoring tools. Co-founder Andy McCune told me that the team has a bigger vision now — just […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 12/18/2020 07:46 EDT

Avenue 8 raises $4M to rebuild the traditional real estate brokerage model

We’ve seen a big wave of proptech startups emerge to reimagine how houses and bought and sold, with some tapping into the opportunity with distressed property, and others exploring the “iBuyer” model where houses are bought, fixed up and resold by a single startup to homeowners who don’t want to invest in a fixer-upper. But […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 12/18/2020 07:46 EDT

In a return to active launch, constellation satellite operator OneWeb has sent 36 new satellites to join its existing spacecraft on orbit. This is the third large batch of OneWeb satellites to be delivered, after an initial launch of six in 2019, and then a second and third launch of 34 satellites each in February […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 12/18/2020 07:00 EDT

Remote physical gaming site Surrogate.tv raises a $2.5M seed round

I was made aware of Surrogate.tv’s work earlier this year when the site released a Mario Kart Live: Home Circuit tournament. Nintendo’s IRL take on its popular racing title was a great showcase for the technology — though, admittedly, there was enough lag in the remote operation to make control something of an issue. Of […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 12/18/2020 07:00 EDT

From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores

After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: Friending them. Walmart and Amazon, both of which face restrictions from New Delhi on what all they could do in India, have partnered […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 12/18/2020 06:06 EDT

Troubles rise for China’s biggest chipmaker SMIC

Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction concern investors. The U.S. Commerce Department is looking to add dozens of companies, mostly Chinese and including partially state-owned SMIC, to its trade blacklist, Reuters and The Wall Street Journal reported […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 12/18/2020 04:41 EDT

Sony pulls Cyberpunk 2077 from PlayStation Store after bugs complaints, offers refund

Sony has pulled Cyberpunk 2077, one of the most anticipated games in recent years, from its PlayStation Store after a flood of complaints and ridicule over compatibility issues and bugs from customers. The gaming giant said it is offering full refunds to any customer who purchased CD Projekt’s title from the PlayStation Store — though […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 12/18/2020 04:13 EDT

Tencent-led consortium will lift stake in Universal Music to 20%

Tencent is further strengthening its ties with music giant Universal Music Group as it continues to dominate the Chinese music streaming market. A consortium led by Tencent and comprising Tencent Music Entertainment, the internet giant’s music spinoff, is set to buy an additional 10% equity stake in UMG from French media conglomerate Vivendi SA, TME […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 12/18/2020 04:00 EDT

Foresight raises $15M for its construction workers compensation platform

When an accident on a building site resulted in the death of their friend, the founders of Safesight were inspired to launch the platform to digitize safety programs for construction. The data from that gave birth to a new InsurTech startup this year, Foresight, which covers workers’ compensation. The startup has now released, for the […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 12/18/2020 04:00 EDT

V7 Labs raises $3M to help AI teams ‘automate’ training data workflows

V7 Labs, the makers of a computer vision platform that helps AI teams “automate” and future-proof their training data workflows as advances in AI continue, has picked up $3 million in funding. Leading the seed round is Amadeus Capital Partners, with participation from Partech, Nathan Benaich’s Air Street Capital and Miele Venture. Founded in 2018 […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 12/17/2020 23:26 EDT

Alibaba ‘dismayed’ by its cloud unit’s ethnicity detection algorithm

Chinese tech giants have drawn international criticism after research showed they have technologies that enable the authorities to profile Muslim Uyghurs. The cloud computing unit of Alibaba, Alibaba Cloud, developed a facial recognition algorithm that can identify a person’s ethnicity or whether a person is “Uyghur”, according to research from surveillance industry publication IPVM. China […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 12/17/2020 22:08 EDT

Twitter bots and memorialized users will become ‘new account types’ in 2021

After a period of public feedback, Twitter adjusted some its plans for a new verification process, set to roll out next year. The company suspended public verification applications in 2017 and since appears to have rethought a few aspects of what information the platform should signal to its users, blue checks and beyond. One big […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 12/17/2020 19:44 EDT

Aurora sends offers to majority Uber ATG employees, but not the R&D lab

Autonomous vehicle company Aurora Innovation sent offers Thursday to more than 75% of employees at Uber Advanced Technologies Group, just a week after announcing plans to acquire the self-driving subsidiary, according to a source familiar with the post-merger integration plans. Uber ATG Toronto, which employs about 50 people where the subsidiary conducted its research and […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 12/17/2020 19:07 EDT

The venture firm SOSV has hired former TechCrunch COO Ned Desmond to help grow its startups

Ned Desmond, a longtime publishing executive who spent more than half a dozen years at Time Inc. before becoming the chief operating officer of both TechCrunch and Engadget for more than eight years, has joined the investment firm SOSV as a senior operating partner. It’s seemingly a good fit for both sides. SOSV — which […] Read more

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