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Natasha Lomas @ TechCrunch · 01/29/2021 10:34 EDT

Cadeera is doing AI visual search for home decor

In recent years we’ve seen a whole bunch of visual/style fashion-focused search engines cropping up, tailored to helping people find the perfect threads to buy online by applying computer vision and other AI technologies to perform smarter-than-keywords visual search which can easily match and surface specific shapes and styles. Startups like Donde Search, Glisten and [
] Read more â€ș

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TechCrunch
Darrell Etherington @ TechCrunch · 01/29/2021 09:57 EDT

SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run

The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. It’s a relatively brief statement, and doesn’t mention any of the key players by name (aka GameStop, Reddit, Robinhood and others), but it does say acknowledge that “extreme stock price volatility [
] Read more â€ș

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TechCrunch
Alex Wilhelm @ TechCrunch · 01/29/2021 09:35 EDT

Robinhood raises $1B after trading halts to keep its platform running

After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing app Robinhood has raised new capital. The new funds total more than $1 billion, with the company telling TechCrunch that they were raised from its existing investor base. The New York [
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TechCrunch
Darrell Etherington @ TechCrunch · 01/29/2021 09:04 EDT

Johnson & Johnson’s COVID-19 vaccine is 85% effective against severe cases, and 66% effective overall per trial data

Another COVID-19 vaccine is almost ready to begin being distributed – a single-shot inoculation made by Johnson & Johnson’s Janssen pharmaceutical subsidiary. The company just released an efficacy report based on data from its Phase 3 trial, which found that the new vaccine is 66% effective overall in preventing moderate to severe incarnations of COVID-19 [
] Read more â€ș

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TechCrunch
Natasha Lomas @ TechCrunch · 01/29/2021 07:01 EDT

Uber’s Autocab acquisition gets eyed by UK competition watchdog

Uber’s plan to acquire Autocab, a maker of SaaS for booking and dispatch software for the taxi and private hire vehicle industry which also operates a global trip marketplace for taxis and PHVs (iGo), is being looked at by the UK’s competition watchdog — which announced the launch of an inquiry today. The deadline for [
] Read more â€ș

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TechCrunch
Mike Butcher @ TechCrunch · 01/29/2021 06:59 EDT

Sirenum, a platform for managing shift and gig workers, raises a $2.7M Series A

Sirenum, a platform for remotely managing a shift-based workforce across industries such as railway, aviation, construction, and the gig economy, has raised a $2.7 million Series A funding round from new investors including former Tesco CEO Sir Terry Leahy, Intrinsic Capital founding partner Mark Horrocks and investment manager Bill Currie. Sirenum says its subscription model [
] Read more â€ș

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TechCrunch
Romain Dillet @ TechCrunch · 01/29/2021 06:16 EDT

Chefclub raises $17 million to expand its food media brand beyond social networks

French startup Chefclub announced earlier this week that it has raised a $17 million funding round led by First Bridge Ventures. SEB Alliance, the venture arm of kitchen appliance maker Groupe SEB, Korelya Capital and AlgaĂ© Ventures are also participating. Chefclub has been building a major media brand on social media platforms. It has attracted [
] Read more â€ș

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TechCrunch
Manish Singh @ TechCrunch · 01/29/2021 05:37 EDT

Xiaomi teases over-the-air wireless charging, but it’s not coming to its devices this year

Xiaomi, the world’s third largest smartphone maker, today unveiled “Mi Air Charge Technology” that it says can deliver 5W power to multiple devices “within a radius of several metres” as the Chinese giant invited customers to a “true wireless charging era.” The company said it has self-developed an isolated charging pile that has five phase [
] Read more â€ș

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TechCrunch
Romain Dillet @ TechCrunch · 01/29/2021 04:05 EDT

Stock trading app Trade Republic expands to France

German startup Trade Republic is rolling out its app and service in France this week. This is a significant expansion move as Trade Republic has only been available in Germany and Austria so far. Trade Republic lets you buy and sell shares or exchange-traded funds (ETFs) from your phone with low, transparent fees. The company [
] Read more â€ș

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TechCrunch
Catherine Shu @ TechCrunch · 01/29/2021 00:22 EDT

Huawei’s struggles hurt overall smartphone shipments in China, but rivals like Apple found new opportunities

The impact of United States government sanctions on Huawei is continuing to hurt the company and dampen overall smartphone shipments in China, where it is largest smartphone vendor, according to a new report by Canalys. But Huawei’s decline also opens new opportunities for its main rivals, including Apple. Canalys says Apple’s performance in China during [
] Read more â€ș

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TechCrunch
Rita Liao @ TechCrunch · 01/28/2021 20:52 EDT

Hong Kong startup ICW eyes supply chain diversification demand amid trade war

For American importers, finding suppliers these days can be challenging not only due to COVID-19 travel restrictions. The U.S. government’s entity list designations, human rights-related sanctions, among other trade blacklists targeting Chinese firms have also rattled U.S. supply chains. One young company called International Compliance Workshop, or ICW, is determined to make sourcing easier for [
] Read more â€ș

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 01/28/2021 18:53 EDT

Why calendar invites are worth $3B

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace hopped online for our weekly show, sans Gamestop news (which you can find here) to talk about all the other busy news happening in startup world right now. Here’s a taste of what we got into:  Qualtrics [
] Read more â€ș

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 01/28/2021 18:14 EDT

SoftBank launches a $100 million fund for Miami-based startups

Miami, an emerging startup hub, has a new check-writer in town: SoftBank. The Japanese multinational conglomerate announced plans today to invest $100 million, drawn from across its funds, into Miami-based startups. Notably, SoftBank’s $5 billion Latin America fund is headquartered in Miami, as well. The initiative is led by SoftBank CEO Marcelo Claure. The fund [
] Read more â€ș

3

TechCrunch
Anthony Ha @ TechCrunch · 01/28/2021 18:14 EDT

Daily Crunch: Robinhood restricts GameStop trading

The GameStop stock saga continues, Apple releases more details about its privacy changes and Qualtrics goes public. This is your Daily Crunch for January 28, 2021. The big story: Robinhood restricts GameStop trading Robinhood has responded to an upsurge in retail investors buying shares in companies like GameStop, AMC and Blockbuster by restricting trading on [
] Read more â€ș

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TechCrunch
Alex Wilhelm @ TechCrunch · 01/28/2021 17:58 EDT

After soaring above $23B, Qualtrics’ founder and CEO reflect on a stellar debut

Amidst the sturm und drang of l'affaire GameStop, the cloud software vendor received a warm welcome from public investors. Read more â€ș

8

TechCrunch
Alex Wilhelm @ TechCrunch · 01/28/2021 17:53 EDT

The somewhat boring reason it appears that Robinhood yanked trading on some securities

After enduring a day’s worth of taking a beating across social media, government, and the various app stores of the mobile world, Robinhood took to its own blog and CEO’s Twitter account to explain why it had halted trading of some stocks earlier today. That Robinhood had restricted trading in a number of securities was bombshell [
] Read more â€ș

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TechCrunch
Taylor Hatmaker @ TechCrunch · 01/28/2021 17:48 EDT

Lawmakers announce hearings on GameStop and online trading platforms

The GameStop short squeeze saga caught the attention of Congress Thursday morning and that buzz is already panning out into hearings on the topic. Rep. Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced plans for an investigation into the situation, pointing to a history of “predatory conduct” from hedge funds. Waters [
] Read more â€ș

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TechCrunch
Sarah Perez @ TechCrunch · 01/28/2021 17:12 EDT

Early Snapchat employee debuts Yoni Circle, a social storytelling app for womxn

An early Snapchat employee who once architected the “Our Stories” product, Chloë Drimal, has now launched her own social app, Yoni Circle. Described as a membership-based community, the app aims to connect womxn using storytelling — including through both live video chat sessions as well as with pre-recorded stories that are available at any time. [
] Read more â€ș

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TechCrunch
Walter Thompson @ TechCrunch · 01/28/2021 16:15 EDT

Talent and capital are shifting cybersecurity investors’ focus away from Silicon Valley

With better access to capital and worldwide talent, there will be further opportunities outside Silicon Valley to scale and create a new wave of solutions to solve today’s cybersecurity problems. Read more â€ș

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TechCrunch
Brian Heater @ TechCrunch · 01/28/2021 16:08 EDT

Pivoting to home fitness, Aviron offers gamified rowing machines

Few tech sectors had more to gain from the events of 2020 than home fitness. Interest in the category was swift, as gyms were declared one of the bigger problem areas amid the worldwide spread of Covid-19. Suddenly home workouts were more than just luxury. For YC-backed Aviron, it was the ideal time to pivot. [
] Read more â€ș

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