Exercise tech company Peloton filed confidentially for IPO this week, and already the big question is whether their last private valuation at $4 billion might be too rich for the appetites of public market investors. Here’s a breakdown of the pros and cons leading up to the as-yet revealed market debut date. Risk factors The
Synapse, a San Francisco-based startup that operates a platform enabling banks and fintech companies to easily develop financial services, has closed a $33 million Series B to develop new products and go after international expansion. The investment was led by Andreessen Horowitz with participation from existing backers Trinity Ventures and Core Innovation Capital . Synapse
If you ask Eugenio Pace to describe himself, “engineer” would be fairly high on the list. “Being a CEO is pretty busy,” he told TechCrunch in a call last week. “But I’m an engineer in my heart — I am a problem solver,” he said. Pace, an Argentinan immigrant to the U.S., founded identity management
Congress has awarded NASA $125 million to revive its nuclear thermal propulsion program, which was originally scrapped in the 1970s. Subscribe to CNET: https://www.youtube.com/user/CNETTV CNET playlists: https://www.youtube.com/user/CNETTV/playlists Download the new CNET app: https://cnet.app.link/GWuXq8ExzG Like us on Facebook: https://www.facebook.com/cnet Follow us on Twitter: https://www.twitter.com/cnet Follow us on Instagram: http://bit.ly/2icCYYm
Swiftly just raised a $10 million Series A round led by VIA ID, Aster Capital, Renewal Funds and Wind Capital to grow its software-as-a-service business for cities transportation agencies. ly works by helping cities manage their transit systems and identify points in the schedule or route that negatively impact service efficiency and reliability. Swiftly also
Unmortgage founder and CEO Rayhan Rafiq-Omar (centre) has departed the companny Unmortgage, the London-based startup that wants to let people buy as little as five percent of a home and rent the rest, has lost its founder and CEO, TechCrunch has learned. According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated
The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army of shopping tools and platforms that are giving legacy retail websites and marketplaces a run for their money. Now, one of the faster growing of these is announcing an impressive round of
During Computex last week, Sennheiser gave media a sneak peek at its first wireless gaming headset, the GSP 670, slated to ship starting at the beginning of next month. The GSP 670 retails for €349 (about $393), significantly pricier then other popular wireless gaming headsets (as well as its wired predecessor, the Sennheiser GSP 600,
Here’s all the information you need to know about Google’s Stadia game-streaming service that’s arriving this November, including launch titles, pricing and the publisher partnerships. Google Stadia: Pricing, release date, speed requirements and launch games revealed: https://cnet.co/31gissT Google Stadia might have a different goal than you think: https://youtu.be/j_RCmw1UjIA Project Stream compared to a console: https://youtu.be/IRK2WJRyR_8
FoodShot Global, a prize platform devoted to transforming the world’s food and agriculture industries, has awarded the first round of prizes for its Innovating Soil 3.0 competition. Trace Genomics, a startup developing an analytics service for soil health to optimize the use of farmland, has received an undisclosed investment from FoodShot’s investment partner, S2G Ventures. Additional
Ticketmaster’s dominance has led to ridiculous service fees, scalpers galore, and exclusive contracts that exploit venues and artists. The moronic approval of venue operator and artist management giant Live Nation’s merger with Ticketmaster in 2010 produced an anti-competitive juggernaut. It pressures venues to sign ticketing contracts under veiled threat that artists would otherwise be routed
Voatz, the four-year-old, Boston, Ma.-based voting and citizen engagement platform that has been at the center of debate over the merits and dangers of mobile voting, has raised $7 million in Series A funding. The round was co-led by Medici Ventures and Techstars, with participation from Urban Innovation Fund and Oakhouse Partners. Voatz, which current
Lip-syncing jumpstarted TikTok’s rise to the center of teen culture, arguably displacing Instagram . Now the Facebook-owned app is striking back with a new feature that lets you displays lyrics on your video Story synced to a soundtrack you’ve added with the Music sticker. Lyrics could help creators and their fans sing along, and the
Good morning from CNET NY Studios while we record the daily news-bite podcast: The 3:59. Hangout while we cover a multitude of stories from around the tech world and then the CNET staff will take your questions and comments in the chat. Watch more episodes of 3:59 on Youtube: https://bit.ly/29LVP7F Periscope: https://www.pscp.tv/CNET/ Livestream (archives): https://livestream.com/cnet/
Twitter has taken a pair of shears to its user rules, shaving almost 2,000 words off of its T&Cs — with the stated aim of making it clearer for users what is not acceptable behaviour on its platform. It says the rules have shrunk from 2,500 words to just 600 — with each of the
Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Connie Loizos sat down with Scott Kupor, managing director at venture capital firm Andreessen Horowitz to dig into his new book Secrets of Sand Hill Road, discuss his advice for new
Facebook is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date. Meanwhile, the company’s Head of Financial Services & Payment
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Google to acquire analytics startup Looker for $2.6 billion Google Cloud has been mired in third place in the cloud infrastructure
Google is introducing more about the launch of its Stadia streaming gaming service today, and VP Phil Harrison gave us performance specifics today so you can see exactly how the company thinks the service will perform based on what kind of internet connection you have. It tops out at an impress 4K resolution, with HDR
Manifold, a startup known for providing all of the tools developers need in a single marketplace, has decided to make its core product available as a service, so that other companies can build a catalogue of related services without a fuss. Everyone wants to be a platform these days, but creating the infrastructure to offer