Extra Crunch roundup: cohort analysis, YC Demo Day recaps, building your supply chain
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We're off on Monday, September 6 to celebrate America's Labor Day holiday, but we'll be back with new stories (and a very brief newsletter) on Tuesday morning.
Australia’s TechnologyOne acquires UK-based higher-ed platform Scientia for $16.6M
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TechnologyOne, an Australian SaaS enterprise, has agreed to acquire UK-based higher education software provider Scientia for £12 million /$16.6 million in cash. TechnologyOne claims to have 75% of Higher Education institutions in Australia using its softw
Barbershop technology startup theCut sharpens its platform with new $4.5M round
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The mobile app that provides information and reviews on barbers for potential customers while also managing appointments, mobile payments and pricing on the back end for barbers.
Apple delays plans to roll out CSAM detection in iOS 15
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Apple has delayed plans to roll out its child sexual abuse (CSAM) detection technology it chaotically announced last month, citing feedback it has received. That feedback, if you recall, has been largely negative. The Electronic Frontier Foundation said this
Editor’s note: Kyle Russell is the founder of Playbyte, a startup building an app that lets people make games on their phones. Last Friday, Dom Hofmann tweeted the launch of Loot, one of his new projects looking at games and game creation through the l
Zip acquisition of Payflex means Africa is ripe for BNPL disruption
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Australian buy now, pay later (BNPL) company Zip this week acquired South Africa-based BNPL player Payflex for an undisclosed amount. It’s a piece of news that once again highlights the hype around BNPL services and the quest for global dominance among
In many ways, there has never been a better time to be a venture capitalist. Nearly everyone in the industry is raking in money, either through long-awaited exits or because more capital flooding into the industry has meant more money in management fees
DoorDash workers protest outside CEO Tony Xu’s home demanding better pay, tip transparency and PPE
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California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California Superior Court Judge ruling calling 2020’s Proposition 22 unconstitutional. Prop 22, which was passed last November in California
Firefly launches its first rocket, but loses the launch craft in mid-flight explosion
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Firefly launched its first rocket from Vandenberg Space Force Base in California, and on board it carried a number of payloads with an intended destination of low Earth orbit. The rocket took off as planned, and seemed to be doing fairly well during the initi
Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
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Sunday, an insurtech startup based in Bangkok, announced it has raised a $45 million Series B. Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital. The company say
Startups should look to state-of-the-art tech to tackle diseases affecting women
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Using state-of-the-art technologies on complex women’s diseases will allow the field to advance much faster and can put drug candidates into clinics in a few short years.
BMW Group’s Neue Klasse lineup to focus on circular economy to achieve reduction in CO2 emissions
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The BMW Group announced Thursday its intentions to commit to a 50% reduction from 2019 levels in global carbon dioxide emissions during the use-phase of its vehicles by 2030, as well as a 40% reduction in emissions during the life cycle of the vehicle. These
Online learning platform Class 101 bags $26M Series B to support growth
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Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. Creative professionals continue to look for ways to monetize their talents and knowledge through online education pl
Roli is rebooting as Luminary, following financial struggles
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I was fascinated by Roli the first time I saw founder/CEO Roland Lamb bending the keys of the Seaboard back at SXSW in 2013. Over the years, the London-based company has continued to offer creative musical solutions, including 2016’s modular Blocks system.
FAA grounds Virgin Galactic amidst investigation into July mission
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Remember that story we posted earlier today about Virgin Galactic’s first commercial flight scheduled to launch in September? We may have spoken too soon. This afternoon, the Federal Aviation Administration said it was grounding all Virgin Galactic flights
Shepherd raises $6.2M seed round to tackle the construction insurance market
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Shepherd fits into a theme of neoinsurance providers selling more to other companies than to consumers -- and wagering on there being margin elsewhere in the insurance world to attack.
FBI says Chinese authorities are hacking US-based Uyghurs
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The FBI has warned that the Chinese government is using both in-person and digital techniques to intimidate, silence and harass U.S.-based Uyghur Muslims. The Chinese government has long been accused of human rights abuses over its treatment of the Uyghur p
As one of the frontrunners in the race to build the metaverse, Roblox is thinking ahead to what virtual worlds really need. And while the platform has had no shortage of growth on its current course — as of July, it boasted 47 million daily active users
Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year
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Last summer, Jeeves was participating in Y Combinator’s summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing. Today, the company, which is building an “all-in-one
Botify raises $55 million to optimize search engine indexing
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Botify has raised a $55 million Series C funding round led by InfraVia Growth with Bpifrance’s Large Venture fund also participating. The company has created a search engine optimization (SEO) platform so that your content is better indexed and appears mor
Locast suspends local TV streaming service in wake of court ruling
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Local TV streaming service Locast has closed up shop, following a ruling on Tuesday that it couldn't use its non-profit status as a legal shield. Networks claimed Locast violated their copyright.
Virgin Galactic looks to late September, early October for first commercial crewed flight
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Just two months after celebrating its first manned launch to orbit – which is now under investigation with the Federal Aviation Administration – Virgin Galactic wants to return to space. The company will be conducting its first commercial mission, the 23r
Panorama raises $60M in General Atlantic-led Series C to help schools better understand students
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Panorama Education, which has built out a K-12 education software platform, has raised $60 million in a Series C round of funding led by General Atlantic. Existing backers Owl Ventures, Emerson Collective, Uncork Capital, the Chan Zuckerberg Initiative and Ta
Elon Musk warns the Tesla Roadster might not ship until at least 2023
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Add the Roadster to the list of delayed Tesla vehicles. On Wednesday, CEO Elon Musk said the performance EV wouldn’t make its previously announced 2022 shipment date.
Tesla ordered to share Autopilot data with the US traffic safety agency
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Tesla was ordered to hand over Autopilot data by October 22 or be fined up to $115 million, in an investigation into Tesla cars with Autopilot activated crashing into parked first responder vehicles.
Last week, Kathryn Zealand shared some insight on the eve of Women’s Equality Day. The post highlighted an issue that’s been apparent to everyone in and around the robotics industry: there’s a massive gender gap. It’s something we try to be mindfu
Europe’s top court has dealt another blow to ‘zero rating’ — ruling for a second time that the controversial carrier practice goes against the European Union’s rules on open Internet access. ‘Zero rating’ refers to co
Explosion snags $6M on $120M valuation to expand machine learning platform
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Explosion, a company that has combined an open source machine learning library with a set of commercial developer tools, announced a $6 million Series A today on a $120 million valuation. The round was led by SignalFire, and the company reported that today
Tracking startup focus in the latest Y Combinator cohort
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First, some housekeeping: Thanks to our new corporate parents, TechCrunch has the day off tomorrow, so consider this the last chapter of The Exchange for this week. (The newsletter will go out Saturday as always.) Also, Alex is off next week. Anna is taking o
HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges
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HomeLight, which operates a real estate technology platform, announced today that it has secured $100 million in a Series D round of funding and $263 million in debt financing. Return backer Zeev Ventures led the equity round, which also included participatio
Station F launches FemTech Program on its startup campus
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Paris-based startup megacampus Station F is announcing a new program for early-stage startups looking for opportunities to join the Station F community — the FemTech Program. With this new program, the Station F team wants to put a spotlight on FemTech star
Point raises $46.5 million for its premium debit card
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Challenger bank Point has raised a $46.5 million Series B funding round. The company offers an account associated with a debit card. And the startup positions itself as a premium debit card company and tries to offer credit card rewards with debit cards. Exis
FTC bans spyware maker SpyFone, and orders it to notify hacked victims
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The Federal Trade Commission has unanimously voted to ban the spyware maker SpyFone and its chief executive Scott Zuckerman from the surveillance industry, the first order of its kind, after the agency accused the company of harvesting mobile data on thousand
India launches Account Aggregator to extend financial services to millions
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India’s top banks five years ago built the interoperable UPI railroads and enabled over 150 million people in the South Asian market to pay digitally. Scores of firms — including local firms Paytm, PhonePe, CRED and international giants Google and Fac