Speedata emerges from stealth with $70M and groundbreaking chip technology to accelerate big data analytics processing
Data centers are taking on ever-more specialized chips to handle different kinds of workloads, moving away from CPUs and adopting GPUs and other kinds of accelerators to handle more complex and resource-intensive computing demands. In the latest development, a startup called Speedata, which is buil
Alphabet gives some Loon patents to SoftBank, open sources flight data and makes patent non-assertion pledge
Alphabet’s Loon was a stratospheric moonshot that saw the company fly high-altitude balloons to provide cellular network coverage to target areas. The project broke a lot of new ground — including developing technology that enabled balloons to navigate autonomously and stay in one area
Fairphone adds a 5G smartphone, touting software support until at least 2025
Dutch social enterprise Fairphone has announced its first 5G smartphone, the Fairphone 4.
The “greentech” mobile maker differentiates from almost the entire smartphone industry through a promise of sustainability via repairable modularity.
It combines this with a big pus
Verto picks up $10M for cross-border payments play in emerging markets
Verto, a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding.
Quona Capital, an emerging fintech-focused venture capital firm, led the round. Other firms also parti
Seeking to respin Instagram’s toxicity for teens, Facebook publishes annotated slide decks
Facebook has quietly published internal research that was earlier obtained by The Wall Street Journal — and reported as evidence the tech giant knew about Instagram’s toxic impact on teenaged girls’ mental health.
The two slide decks can be found here and here.
The
Honda Motor Co. announces plans for eVTOL, avatar robots and space technologies
Honda Motor Company announced plans to innovate in new business areas like electric vertical take-off and landing aircraft (eVTOL), bipedal robots and space technology.
Honda R&D Co., Honda Motor Company’s (HMC) innovations arm, will be leading the effort on “outside-the-box researc
Sinch acquires Pathwire, the company behind Mailgun and Mailjet, for $1.9B to add email into its API-based communications platform
Sinch, the Swedish company that competes with Twilio and others in the world of messaging and other communication APIs is making another big M&A play to build out its platform. It has signed a definitive deal to acquire Pathwire, the cloud-based email provider behind Mailgun, Mailjet and Email
Incident.io helps your team communicate better during outages
Incident.io has raised a $4.7 million funding round led by Index Ventures and Point Nine. When your company is facing an outage or a data breach, Incident.io provides the right framework to communicate about the issue — both internally and externally — and make sure it is resolved as quickly as
‘No-code’ tool maker, Heyflow, nabs $6M to fix your customer conversions
Heyflow, a Hamburg, Germany-based startup touting “no-code” tools for easily building interactive “clickflows” to boost customer conversions, has bagged a $6 million seed. The round was led by Project A Ventures, with participation from Atlantic Labs and several unnamed ange
UC Berkeley finds gig workers could earn $4.82 per hour if MA ballot proposal passes
A coalition of app-based delivery and ride-hail companies like Uber, Lyft and DoorDash recently filed a ballot proposition in Massachusetts to continue classifying gig economy workers as independent contractors, rather than employees. If the measure makes it to the November 2022 ballot and passes,
Indian social commerce Meesho raises $570 million at $4.9 billion valuation
Meesho has more than doubled its valuation in less than six months, to $4.9 billion, as a growing number of high-profile investors back the Indian social commerce startup that is reporting strong growth despite the pandemic.
The Bangalore-headquartered firm said on Thursday it has raised $570 milli
Facebook-backed 2Africa set to be the longest subsea cable upon completion
Facebook announced on Tuesday that its 2Africa cable would now extend to over 45,000 kilometers with the addition of nine landings collectively dubbed the 2Africa Pearls. The subsea cable will directly connect three continents — Africa, Europe and Asia.
The extension will see 2Africa become t
Ben Rubin explains why the Web3 era of social media will help everybody get paid
After a decade of a handful of dominant social media companies trading what are essentially publishing tools in exchange for serving us all an endless deluge of ads, the winds of change are finally blowing — in a few different directions at once.
Content creators (arguably either a special echelo
Daily Crunch: Andela reaches $1.5B valuation after SoftBank leads $200M Series E
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Hello and welcome to Daily Crunch for September 29, 2021. Welcome to what feels like fall on the East Coast of the United States. Yes, the seasons are changing, b