Latest Post

We’re excited to announce that Extra Crunch memberships are now available in Israel. That adds to our existing support in:

  • United States
  • Canada
  • Argentina, Brazil, Mexico
  • UK and select European countries
  • Australia

Sign up for Extra Crunch membership here.

Use the code ISRAEL122020 during checkout for an additional 25% off an annual or 2-year plan. The discount code expires on December 11, 2020.

Israel has always been of interest to TechCrunch. It’s home to one of the hottest startup scenes in the world with endless successful companies emerging from the region. From 2018 to 2019, over $1.4B in funding went to Israeli cybersecurity startups. Startups like Check Point, CyberX, and Illusive Networks have helped reimagine cybersecurity, while companies like Lemonade have disrupted the insurance industry. Whether it’s robotics or hardware startups, there’s no shortage of diverse interest with Israeli startups.

We’ve also had the pleasure of hosting several in-person events in Tel Aviv over the years, and we’ve loved meeting the talented startup founders and investors in the region. There are a number of reasons to be optimistic about the future of the startup scene here, but the passion and enthusiasm of the founders in Israel is near the top of the list. 

Thanks to everyone who voted on where to expand. If you’d like to see Extra Crunch memberships available in your country, let us know here.

Join Extra Crunch by heading here.

What is Extra Crunch?

Extra Crunch is a membership program from TechCrunch that helps you spot technology trends and opportunities, build better startups, and stay connected. It features thousands of articles, including weekly investor surveys, daily private market analysis, and expert interviews on fundraising, growth, monetization, and other work topics.

We’d love to have you join our growing community of founders, investors, and startup teams.

Committing to an annual and two-year plan will save you a few bucks on the membership price and unlock access to TechCrunch event discounts and Partner Perks. Extra Crunch annual membership gets you 20% off tickets to virtual events like TC Sessions: Space. The Partner Perks program features discounts and savings on services from DocSend, Crunchbase, AWS and more.

You can sign up or learn more about Extra Crunch here.

Don’t forget to use the code ISRAEL122020 during checkout for an extra 25% off an annual or 2-year plan. The discount code expires on December 11, 2020.




via Tingle Tech

Amazon announces new employee tracking tech, and customers are lining up

Amazon-powered employee tracking is coming to a warehouse, and possibly a store, near you. 

The ecommerce, logistics, and (among other things) cloud computing giant quietly previewed Tuesday new hardware and software development kits (SDK) which add machine learning and computer vision capabilities to companies' existing surveillance camera networks. And in what should come as no surprise as companies around the world ramp up employee monitoring, customers are already champing at the bit to sic Amazon's tech on their own workers. 

Amazon, of course, is notorious for monitoring its fulfillment center workers' movements in excruciating detail. From social-distance tracking systems to automatic tools that keep tabs on "the rates of each individual associate's productivity," Amazon has a well deserved reputation for invasivenessAWS Panorama, shown off at the AWS re:Invent conference, offers some version of that future to companies willing to cough up the cash.  Read more...

More about Amazon, Privacy, Tech, and Big Tech Companies


via Tingle Tech

Back in October Apple announced the MagSafe Duo, a folding travel charger capable of charging both the iPhone and either an Apple Watch or AirPods simultaneously/wirelessly. In an unusual move, the company didn’t specify exactly when it’d start shipping — or even when it’d go up for sale. Some rumors suggested late December, while others were uncertain it would even make it out before the end of the year. When was this thing actually going to be released?

The answer, it seems, is today. The MagSafe Duo just appeared on Apple’s own store and, with delivery estimates as soon as this week, it looks like they’re shipping them immediately.

TechCrunch Editor-In-Chief Matthew Panzarino gave the charger a spin a few weeks ago, calling it “useful, but expensive and underwhelming,” while noting that it feels like something that should cost around $70 rather than $129.

Image Credits: Matthew Panzarino




via Tingle Tech

Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again.

Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other “friends and angels” who appear to have also pitched into the round, including Box CEO Aaron Levie, MIghty Networks founder Gina Bianchini, Superhuman founder Rahul Vohra, and Amy Chang, who sold her startup Accompany to Cisco in 2018.

Nash didn’t reveal many details in the post or later on Twitter, saying he’ll have more to say when the company is closer to launching. All we really know at this point is that he cofounded the company with Alejandro Crosa, an Argentinian software engineer who most recently spent five months at Slack but logged more than three years at both Twitter and LinkedIn before that.

Nash said on Twitter that the two met at LinkedIn, where Nash was himself VP of product management for four years beginning in 2007. It’s a good detail to know, considering that Nash has logged time at a wide variety of tech outfits over the years, making it hard to guess at whom he knows and from where.

A computer science graduate of Stanford, where he later nabbed a master’s degree, Nash began his career interning at NASA, HP, and Trilogy before landing his first big job as a software engineer at Apple in 1996 (when former PepsiCo exec, John Sculley, was briefly running the place).

After moving on to a bubble-era company that no longer exists, Nash tried his hand at VC for the first time, joining Atlas Venture as an associate. To get more operating experience, he then jumped to eBay, where he was a director; LinkedIn, where he met Crosa; then Greylock, where he spent just over a year as an entrepreneur-in-residence (EIR) before joining the wealth-management startup Wealthfront as its president and CEO, a job that the company’s original CEO and founder, Andy Rachleff, reclaimed in 2016.

Nash didn’t disappear from the scene. Instead, he rejoined Greylock as an EIR for another year before joining Dropbox shortly after it went public in 2018 as its VP of product and growth, leaving that post back in February to start his own thing, he said at the time.

That Nash would start a fintech company specifically isn’t surprising, considering his involvement with Wealthfront, as well as some of the personal investments he has made in recent years.

In 2018, for example, he wrote a check to LearnLux, a five-year-old, Boston-based educational startup that helps employees better understand their 401k, health savings accounts, and stock options. He is also an investor in Human Interest, a five-year-old, San Francisco-based startup that offers automated, paperless 401(k) plans.

Nash is also riding a very big wave.  According to Pitchbook, consumer fintech is on pace to attract a record amount of venture funding in 2020, at least in North America and Europe.

We’ll let you know more about what Nash is building as soon as he’s ready to share more. The little that Nash is saying publicly for now is that he and Crosa believe there is “still a lot more to do in consumer fintech, and that through software we can help bring purpose to the way people approach their financial lives.”




via Tingle Tech

Massachusetts lawmakers have voted to pass a new police reform bill that will ban police departments and public agencies from using facial recognition technology across the state.

The bill was passed by both the state’s House and Senate on Tuesday, a day after senior lawmakers announced an agreement that ended months of deadlock.

The police reform bill also bans the use of chokeholds and rubber bullets, and limits the use of chemical agents like tear gas, and also allows police officers to intervene to prevent the use of excessive and unreasonable force. But the bill does not remove qualified immunity for police, a controversial measure that shields serving police from legal action for misconduct, following objections from police groups.

Lawmakers brought the bill to the state legislature in the wake of the killing of George Floyd, an unarmed Black man who was killed by a white Minneapolis police officer, since charged with his murder.

Critics have for years complained that facial recognition technology is flawed, biased, and disproportionately misidentifies people and communities of color. But the bill grants police an exception to run facial recognition searches against the state’s driver’s license database with a warrant. In granting that exception, the state will have to publish annual transparency figures on the number of searches made by officers.

The Massachusetts Senate voted 28-12 to pass, and the House voted 92-67. The bill will now be sent to Massachusetts governor Charlie Baker for his signature.

In the absence of privacy legislation from the federal government, laws curtailing the use of facial recognition are popping up on a state and city level. The patchwork nature of that legislation means that state and city laws have room to experiment, creating an array of blueprints for future laws that can be replicated elsewhere.

Portland, Oregon passed a broad ban on facial recognition tech this September. The ban, one of the most aggressive in the nation, blocks city bureaus from using the technology but will also prohibit private companies from deploying facial recognition systems in public spaces. Months of clashes between protesters and aggressive law enforcement in that city raised the stakes on Portland’s ban.

Earlier bans in Oakland, San Francisco, and Boston focused on forbidding their city governments from using the technology but, like Massachusetts, stopped short of limiting its use by private companies. San Francisco’s ban passed in May of last year, making the international tech hub the first major city to ban the use of facial recognition by city agencies and police departments.

At the same time that cities across the U.S. are acting to limit the creep of biometric surveillance, those same systems are spreading at the federal level. In August, Immigration and Customs Enforcement (ICE) signed a contract for access to a facial recognition database created by Clearview AI, a deeply controversial company that scrapes facial images from online sources, including social media sites.

While most activism against facial recognition only pertains to local issues, at least one state law has proven powerful enough to make waves on a national scale. In Illinois, the Biometric Information Privacy Act (BIPA) has ensnared major tech companies including Amazon, Microsoft and Alphabet for training facial recognition systems on Illinois residents without permission.




via Tingle Tech

Virgin Galactic has revealed the flight window for the first rocket-powered flight of its VSS Unity spacecraft from the shiny new Spaceport America in New Mexico. The ship could be in the air as early as December 11.

This flight will be the third for Unity out of the future passenger spaceport, but the last two have been gliding flights, not propulsive ones. This will be the first time Unity has hit the throttle in nearly two years — back when it touched the edge of space at something like Mach 2.9.

Since then the company and its aircraft have moved home, from Mojave, California to the spaceport in New Mexico, where it hopes eventually passengers will come and lounge before taking off on a brief visit to space.

The glides, in which Unity is taken to a high altitude by a carrier craft, the VMS Eve, and let go to perform a controlled descent to Earth, show that everything is bolted on tightly and ready for the more substantial rigors of rocket thrust.

Originally this powered flight was intended to happen a bit earlier in the year, but COVID-19-related precautions led to delays. But weather permitting, next week should see Unity flying again.

This flight won’t be strictly for testing purposes, though: It will be taking up several payloads under NASA’s Flight Opportunities Program, which contracts with smaller launch providers to perform experiments in and near space. Other aspiring space travel companies, like Blue Origin, have also taken up payloads for brief visits to the edge of the atmosphere.

Of course COVID-19 is still a serious issue, so Virgin Galactic is limiting exposure by minimizing people on site: no media or guests, only essential personnel.




via Tingle Tech

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

Welcome to an Equity Shot all about the huge, and hugely interesting, Salesforce-Slack deal, in which the enterprise social company will be subsumed for the mere price of $27.7 billion.

TechCrunch has notes on the deal here, and on what Salesforce expects the acquisition will do for its growth rate here.

Some of the drama, we admit, was removed when the deal was presaged several days ago, but that didn’t stop the Equity crew from having a lot to say on the matter. Here are some of the topics we discuss:

  • How big is this deal, both literally and figuratively?
  • We talk about the market reception and if the rumors correctly valued the deal
  • Does Slack deserve snaps or just a simple pat on the back?
  • What does the deal tell us about vertical SaaS tools?
  • The COVID-19 effect on remote tools
  • What does SoftBank have to do with this (and why does SoftBank always have something to do with everything)?
  • And whole lot of conversation and discussion on Microsoft and its competitor

We are back in two days’ time, so don’t wander too far. Chat soon!

Equity drops every Monday at 7:00 a.m. PST and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.




via Tingle Tech

Contact Form

Name

Email *

Message *

Powered by Blogger.