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True Ventures, the now 15-year-old firm with offices in Palo Alto, California, and San Francisco, is taking the wraps off two new funds this morning: It has closed its seventh early-stage fund with $465 million, and capped its fourth opportunity-type fund — used to back its own breakout portf

Zoom will begin rolling out end-to-end encryption to users of its videoconferencing platform from next week, it said today. The platform, whose fortunes have been supercharged by the pandemic-driven boom in remote working and socializing this year, has been working on rebooting its battered reputat

This morning OpenView Venture Partners announced that it has closed $450 million for its new, sixth fund. The capital pool is its largest to date, coming in at roughly 50% larger than its preceding fund five. OpenView is based in Boston, but invests globally. The $450 million fund’s future ex

The city of Toronto is going to start operating autonomous shuttles on a trial basis, through an agreement with Local Motors that will see that company’s Olli 2.0 all-electric self-driving shuttle ferry passengers beginning in Spring 2021. The trial is being conducted with Pacific Western Tra

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C. The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed

Electric car company Lucid finally revealed the price of its least expensive vehicle: it will start at $77,400. U.S. buyers also qualify for a $7,500 tax credit, making the vehicle eventually cost $69,900. This version of the Lucid Air comes rightfully less equipped than its more expensive counterp

Atlassian has been offering collaboration tools, often favored by developers and IT for some time with such stalwarts as Jira for help desk tickets, Confluence to organize your work and Bitbucket to organize your development deliverables, but what it lacked was a machine learning layer across the p

Zoom is hosting its virtual Zoomtopia user conference this week. Given the attention the company has received as the de facto standard video meeting service since the start of the pandemic, it’s no surprise that the company is using the event to launch a number of new products. For the most p

Spotify today is launching a new feature that combines spoken word audio commentary with music tracks. The new format will allow Spotify to reproduce the radio-like experience of listening to a DJ or a music journalist offering their perspective on the music. But Spotify is also making it possible

The company formerly known as NewsCred has a new name and a new product: Welcome. Co-founder and CEO Shafqat Islam explained that this follows a broader shift in the company’s strategy. While previously known as a content marketing business, Islam said NewsCred has been increasingly focused o

An investigation into this summer’s Twitter hack by the New York State Department of Financial Services (NYSDFS) has ended with a stinging rebuke for how easily Twitter let itself be duped by a “simple” social engineering technique — and with a wider call for key social medi

We’re going to be checking out a range of different headphones on TC this week and next as part of our “Headphone Week” series, and today I’m checking out the Shure SRH1540 ($499). These aren’t new — they’ve been a stand-by among audiophiles in their price

Celonis began as a company to help customers understand how work flowed through their company by building a process map. This was valuable in itself, but the next logical step was to not only analyze the processes, but find ways to make them more efficient. Today, the company announced it has acqui

The smartphone industry was in transition well before COVID-19 was a blip on anyone's radar. More than 13 years after the launch of the original iPhone, these products have long since transitioned from luxury items to commodities, losing some of their luster in the process. The past several yea