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Alex Wilhelm @ TechCrunch · 09/16/2020 09:59 EDT

JFrog and Snowflake’s aggressive IPO pricing point to strong demand for cloud shares

After raising their IPO price ranges, both JFrog and Snowflake priced above their refreshed intervals last night. At their final IPO prices, the two debuts are aggressively valued, showing continued optimism amongst public investors that cloud shares are an attractive bet, even if their growth is financed through a history of steep losses, as in […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 09/16/2020 09:30 EDT

Volocopter kicks off presales for its first air taxi flights — with a wait time of 2-3 years

If your sad-faced technology mantra is ‘we were promised flying cars and all we got were these shitty Internet trolls’ never fear, Berlin-based autonomous air mobility startup, Volocopter, wants to revive your sci-fi dreams. It’s just kicked off presales for trips in its forthcoming electric air taxi service, VoloCity — albeit, there’s no date on […] Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 09/16/2020 09:00 EDT

Pure Storage acquires data service platform Portworx for $370M

Pure Storage, the public enterprise data storage company, today announced that it has acquired Portworx, a well-funded startup that provides a cloud-native storage and data-management platform based on Kubernetes, for $370 million in cash. This marks Pure Storage’s largest acquisition to date and shows how important this market for multi-cloud data services has become. Current […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 09/16/2020 08:33 EDT

After lockdowns lead to an e-bike boom, VanMoof raises $40M Series B to expand globally

E-bike startup VanMoof, has raised a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The Series B financing comes after a $13.5 million investment in May. The funding brings VanMoof’s total raised to $73 million and furthers the e-bike brand’s ultimate mission of getting the next billion on bikes. The Series […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 09/16/2020 08:00 EDT

Cloud gaming platform Shadow gets a new CEO and CTO

There are some changes at the helm of Blade, the French startup behind Shadow. Mike Fischer is going to work for the company and become Chief Executive Officer. Jean-Baptiste Kempf is joining the company as Chief Technology Officer. Shadow is a cloud computing service for gamers. For a monthly subscription fee, you can access a […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 09/16/2020 07:44 EDT

Balderton’s Chandratillake doffs his cap to Clubhouse, says enterprise audio is next

Suranga Chandratillake has (almost) seen it all. After being the early CTO for Autonomy, he went on to found the blinkx video search engine in 2004, long before many thought we’d even need one. He scaled the company to San Francisco and the US market, eventually IPO’ing blinkx for over $1 billion. On his return […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 09/16/2020 07:28 EDT

Europe will go it alone on digital tax reform in 2021 if it must, says EU president, as bloc directs €150BN in COVID-19 relief toward cloud, AI and broadband

Europe will propose its own digital tax early next year if there’s no agreement at a global level on how to update taxation rules for the Internet age, EU president Ursula von der Leyen said today, reiterating the bloc’s determination not to let tax reform slide in a ‘state of the union’ speech to the […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 09/16/2020 07:00 EDT

Outfunnel picks up €1.1M pre-seed to bridge the gap between marketing and sale

Outfunnel, a startup that has built software to help companies “bridge the gap between marketing and sales functions,” has quietly raised €1.1 million in funding. The pre-seed round was led by Paua Ventures and byFounders, with participation from Lemonade Stand, Omnisend and various angel investors. The latter includes Bolt co-founders Markus and Martin Villig, Matterport […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 09/16/2020 06:32 EDT

User-generated e-learning site Kahoot acquires Actimo for up to $33M to double down on corporate sector

Norwegian company Kahoot originally made its name with a platform the lets educators and students create and share game-based online learning lessons, in the process building up a huge public catalogue of gamified lessons created by its community. Today the startup — now valued at over $2 billion — is announcing an acquisition to give a […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 09/16/2020 03:07 EDT

Facebook addresses political controversy in India, monetization opportunities, startup investments

At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such as free voice credit. India’s internet population, now […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 09/16/2020 03:01 EDT

Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR

Zwift, a 350-person, Long Beach, Calif.-based online fitness platform that immerses cyclists and runners in 3D generated worlds, just raised a hefty $450 million in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 09/16/2020 03:00 EDT

Gravity Sketch scores $3.7M seed for its VR-based product design and collaboration platform

Gravity Sketch, the London-based product design and collaboration platform that utilises virtual reality, has raised $3.7 million in funding. The seed round was led by Kindred Capital, with participation from Point Nine Capital and previous investor Forward Partners. It brings the total amount raised by Gravity Sketch to $5.4 million. In addition, the startup previously […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 09/16/2020 02:31 EDT

China tops 110 million 5G users in less than a year

Over 110 million users in China have signed up for 5G plans, announced president of the China Academy for Information and Communications Technology (CAICT), a think tank under the telecoms watchdog Ministry of Industry and Information Technology, at an industry event on Wednesday. That makes China the largest 5G market in terms of user size, […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 09/16/2020 02:08 EDT

Homage’s Gillian Tee on how technology can serve the world’s aging population

It’s always a pleasure to chat with Homage co-founder and chief executive Gillian Tee because of her nuanced take on how technology can help elderly and other vulnerable people.  According to the United Nations, worldwide people 65-years-old and over is the fastest-growing age group. At the same time, there is also an acute shortage of […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 09/15/2020 19:00 EDT

Crista Galli Ventures outs ‘evergreen’ fund to back European healthtech startups at seed and Series A

Crista Galli Ventures, an early-stage healthtech fund in Europe, is officially launching today. The firm offers “patient capital” — with only a single LP (the Danish family office IPQ Capital) — and promises to provide portfolio companies with deep healthcare expertise and the extra runway needed to get over regulatory and efficacy hurdles and to […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 09/15/2020 18:30 EDT

Twitter flags Indian politician’s years-old tweet for violating its policy

Twitter has flagged a post from Indian politician T. Raja Singh for violating its policy days after TechCrunch asked the social giant about the three-year-old questionable tweet. In a video tweet, Singh urged India’s Defence Minister Rajnath Singh and others citizens in the country to move Rohingya Muslim immigrants, including those “who supported terrorism,” out […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 09/15/2020 18:17 EDT

Dropbox CEO Drew Houston says the pandemic forced the company to reevaluate what work means

Dropbox CEO and co-founder Drew Houston, appearing at TechCrunch Disrupt today, said that COVID has accelerated a shift to distributed work that we have been talking about for some time, and these new ways of working will not simply go away when the pandemic is over. “When you think more broadly about the effects of […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 09/15/2020 18:08 EDT

Daily Crunch: Apple announces new iPads and Apple Watches

Apple unveils new hardware and new subscriptions, Spotify adds virtual event listings and Opendoor is going public via SPAC. This is your Daily Crunch for September 15, 2020. The big story: Apple announces new iPads and Apple Watches Apple had a big hardware event today. And while you should check out our full roundup if […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 09/15/2020 18:02 EDT

Fiverr Business helps teams manage freelance projects

Freelance marketplace Fiverr launched a new service today designed to help teams at larger companies manage their work with freelancers. CEO Micha Kaufman told me via email that Fiverr had already begun working with larger clients, but that Fiverr Business is better-designed to meet their needs. “Organizations require tools to manage their team accounts, defining […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 09/15/2020 17:55 EDT

Messenger VP details use of forwarding limits and fact-checking to fight misinformation

A few weeks ago, Facebook Messenger introduced new rules around message forwarding to limit the spread of misinformation on its platform. Speaking today at TechCrunch Disrupt 2020, Facebook Messenger VP Stan Chudnovsky offered more detail about how Facebook views its role in fighting the spread of misinformation and other harmful content across its messaging platform, […] Read more

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