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Monday, February 10, 2020

Daily Crunch: MWC faces coronavirus concerns

{rss:content:encoded} Daily Crunch: MWC faces coronavirus concerns https://ift.tt/2voD7Q1 https://ift.tt/2CoAoqu February 10, 2020 at 07:08PM

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. As top exhibitors pull out of MWC, organizers implement stringent safeguards

A couple of weeks before the event, the organizers of Mobile World Congress have issued some fairly sweeping safeguards over growing concerns around the coronavirus. After a number of high-profile back-outs, the organizers announced a ban of visitors originating from the Hubei province, whose capital Wuhan is believed to be the origin of the epidemic.

Following this news on Sunday, Sony and Amazon also pulled out of MWC.

2. NASA and ESA’s Solar Orbiter begins its nearly two-year journey to the Sun

After years of development, an exciting new scientific research spacecraft has launched on its journey to study our solar system’s central player: the Sun.

3. Netflix’s movies only won two Oscars this year

Two Oscars — Best Actress in a Supporting Role for Laura Dern’s performance in “Marriage Story” and Best Documentary Feature for “American Factory” — are a respectable showing for a studio that only started making movies a few years ago. Yet it still feels like a disappointment, given Netflix’s 24 nominations and its aggressive Oscar campaigns.

4. Starling Bank raises another £60M from existing backers

Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised another £60 million from its existing investors, Merian Global Investors and Harry McPike’s JTC. Starling is also disclosing that customers have opened 1.25 million consumer and business accounts since its banking app launched in May 2017.

5. The team behind Apple’s ‘Mythic Quest’ says video games aren’t the punch line

When video game publisher Ubisoft first approached “It’s Always Sunny in Philadelphia” stars Rob McElhenney and Charlie Day about creating a new show set in the game industry, McElhenney said they weren’t interested — at least not initially. But a visit to Ubisoft’s Montreal office changed his mind.

6. Index Fund’s portfolio is driving long-overdue innovation in femcare

We chatted with Index principal Hannah Seal about the fund’s investment in tampon startup Daye and her broader thoughts on a new generation of female-focused startups. (Extra Crunch membership required.)

7. This week’s TechCrunch podcasts

The Equity team has some thoughts about Casper’s IPO, as well as the strong post-IPO performance of One Medical. And over on Original Content, we review Netflix’s Taylor Swift documentary “Miss Americana” — even if you’re not a Swiftie, I think we had a fun conversation about celebrity culture.

Localytics founders announce Demand Sage, a startup bringing marketing intelligence to small and mid-sized businesses

Just a couple days after mobile analytics and marketing company Localytics was acquired by Upland Software, two of its founders are announcing their new startup, Demand Sage.

CEO Raj Aggarwal and CTO Henry Cipolla previously co-founded and served in the same roles at Localytics, and they founded Demand Sage with Chief Product Officer Randy Dailey — whom Aggarwal described as the “perpetual all star” of the Localytics product team.

Aggarwal explained that the idea for Demand Sage emerged from their time at Localytics, where the team worked with large enterprises and used customer data to “refine their customer experience.” But he discovered that “even for a mid-sized company like ourselves, it was impossible, infeasible to take advantage of those same capabilities.”

At least, it was impossible in the past, but Aggarwal said the landscape has changed in ways that allow Demand Sage to now bring “the best of a large enterprise’s marketing intelligence capabilities to small and medium-sized companies,” (as he put it in a blog post introducing the company).

First, there’s cost. Aggarwal told me that while a smaller business can’t afford the “massive cost to cleanse and manipulate data,” many are now using online software that collects and structures the data for them, so Demand Sage can take advantage of that work.

“The problem is that the enterprise solutions are built in a way that requires customization or data manipulation as the first step to really understand what that data is,” he said. “That’s what makes it cost tens of thousands of dollars, often. That’s the first piece that we think we can eliminate immediately.”

Second, there’s the fact that marketers are increasingly creating their reports in Google Sheets, because of its flexibility. And third, Aggarwal said that while “the raw cost of computation has gone down,” the data remains “pretty difficult to access and challenging for a non-data scientist to use it.”

So Demand Sage was built to take advantage of and address these shifts. It initially plugs into HubSpot (with plans to integrate with other marketing platforms) and Google Sheets, automatically generating what Aggarwal said are “spreadsheets that are well-formatted and well structured” to highlight trends and anomalies that are relevant to marketers, which can then be used for “communicating those insights back into organizations.”

To be clear, we’re not talking about basic analytics data, but rather more nuanced analysis, the kind of thing that Dailey said smaller businesses struggled with in the past.

“We might ask them what factors influenced customer converting down the funnel, and they would say we don’t do that analysis,” Dailey said. “They often just left it on the cutting room floor.”

As for whether Demand Sage can perform this kind of analysis across different industries, Cipolla added, “Because the data is coming from a really opinionated API, typical data science tasks like anomaly detection and basic predictions should work for any industry.”



https://ift.tt/eA8V8J Localytics founders announce Demand Sage, a startup bringing marketing intelligence to small and mid-sized businesses https://ift.tt/3brspZW

Fb Workplace co-founder launches downtime fire alarm Kintaba

“It’s an open secret that every company is on fire” says Kintaba co-founder John Egan. “At any given moment something is going horribly wrong in a way that it has never gone wrong before.” Code failure downtimes, server outages, and hack attacks plague engineering teams. Yet the tools for waking up the right employees, assembling a team to fix the problem, and doing a post-mortem to assess how to prevent it from happening again can be as chaotic as the crisis itself.

Text messages, Slack channels, task managers, and Google Docs aren’t sufficient for actually learning from mistakes. Alerting systems like PagerDuty focus on the rapid response, but not the educational process in the aftermath. Finally there’s a more holistic solution to incident response with today’s launch of Kintaba.

The Kintaba team experienced these pains first hand while working at Facebook after Egan and Zac Morris’ Y Combinator-backed data transfer startup Caffeinated Mind was acqui-hired in 2012. Years later when they tried to build a blockchain startup and the whole stack was constantly in flames, they longed for a better incident alert tool. So they built one themselves and named it after the Japanese art of Kintsugi, where gold is used to fill in cracked pottery “which teaches us to embrace the imperfect and to value the repaired” Egan says.

With today’s launch, Kintaba offers a clear dashboard where everyone in the company can see what major problems have cropped up, plus who’s responding and how. Kintaba’s live activity log  and collaboration space for responders let them debate and analyze their mitigation moves. It integrates with Slack, and lets team members subscribe to different levels of alerts or search through issues with categorized hashtags.

“The ability to turn catastrophes into opportunities is one of the biggest differentiating factors between successful and unsuccessful teams and companies” says Egan. That’s why Kintaba doesn’t stop when your outage does.

Kintaba Founders (from left): John Egan Zac Morris Cole Potrocky

As the fire gets contained, Kintaba provides a rich text editor connected to its dashboard for quickly constructing a post-mortem of what went wrong, why, what fixes were tried, what worked, and how to safeguard systems for the future. Its automated scheduling assistant helps teams plan meetings to internalize the post-mortem.

Kintaba’s well-pedigreed team and their approach to an unsexy but critical software-as-a-service attracted $2.25 million in funding led by New York’s FirstMark Capital.

“All these features add up to Kintaba taking away all the annoying administrative overhead and organization that comes with running a successful modern incident management practice” says Egan, “so you can focus on fixing the big issues and learning from the experience.”

Egan, Morris and Cole Potrocky met while working at Facebook, which is known for spawning other enterprise productivity startups based on its top-notch internal tools. Facebook co-founder Dustin Moskovitz built a task management system to reduce how many meetings he had to hold, then left to turn that into Asana which filed to go public this week.

The trio had been working on internal communication and engineering tools as well as the procedures for employing them. “We saw first hand working at companies like Facebook how powerful those practices can be and wanted to make them easier for anyone to implement without having to stitch a bunch of tools together” Egan tells me. He stuck around to co-found Facebook’ enterprise collaboration suite Workplace while Potrocky built engineering architecture there and Morris became a mobile security lead at Uber.

Like many blockchain projects, Kintaba’s predecessor, crypto collectibles wallet Vault, proved an engineering nightmare without clear product market fit. So the team ditched it, pivoted to build out the internal alerting tool they’d been tinkering with. That origin story sounds a lot like Slack’s, which began as a gaming company that pivoted to turn its internal chat tool into a business.

So what’s the difference between Kintaba and just using Slack and email or a monitoring tool like PagerDuty, Splunk’s VictorOps, or Atlassian’s OpsGenie? Here’s how Egan breaks a sit downtime situation handled with Kintaba:

“You’re on call and your pager is blowing up because all your servers have stopped serving data. You’re overwhelmed and the root cause could be any of the multitude of systems sending you alerts. With Kintaba, you aren’t left to fend for yourself. You declare an incident with high severity and the system creates a collaborative space that automatically adds an experienced IMOC (incident manager on call) along with other relevant on calls. Kintaba also posts in a company-wide incident Slack channel. Now you can work together to solve the problem right inside the incident’s collaborative space or in Slack while simultaneously keeping stakeholders updated by directing them to the Kintaba incident page instead of sending out update emails. Interested parties can get quick info from the stickied comments and #tags. Once the incident is resolved, Kintaba helps you write a postmortem of what went wrong, how it was fixed, and what will be done to prevent it from happening. Kintaba then automatically distributes the postmortem and sets up an incident review on your calendar.”

Essentially, instead of having one employee panicking about what to do until the team struggles to coordinate across a bunch of fragmented messaging threads, a smoother incident reporting process and all the discussion happens in Kintaba. And if there’s a security breach that a non-engineer notices, they can launch a Kintaba alert and assemble the legal and PR team to help too.

Alternatively, Egan describes the downtime  fiascos he’d experience without Kintaba like this:

The on call has to start waking up their management chain to try and figure out who needs to be involved. The team maybe throws a Slack channel together but since there’s no common high severity incident management system and so many teams are affected by the downtime, other teams are also throwing slack channels together, email threads are happening all over the place, and multiple groups of people are trying to solve the problem at once. Engineers begin stepping all over each other and sales teams start emailing managers demanding to know what’s happening. Once the problem is solved, no one thinks to write up a postmortem and even if they do it only gets distributed to a few people and isn’t saved outside that email chain. Managers blame each other and point fingers at people instead of taking a level headed approach to reviewing the process that led to the failure. In short: panic, thrash, and poor communication.

While monitoring apps like PagerDuty can do a good job of indicating there’s a problem, they’re weaker at the collaborative resolution and post-mortem process, and designed just for engineers rather than everyone like Kintaba. Egan says “It’s kind of like comparing the difference between the warning lights on a piece of machinery and the big red emergency button on a factory floor.  We’re the big red button . . . That also means you don’t have to rip out PagerDuty to use Kintaba” since it can be the trigger that starts the Kintaba flow.

Still, Kintaba will have to prove that it’s so much better than a shared Google Doc, an adequate replacement for monitoring solutions, or a necessary add-on that companies should pay $12 per user per month. PagerDuty’s deeper technical focus helped it go public a year ago, though it’s fallen about 60% since to a market cap of $1.75 billion. Still, customers like Dropbox, Zoom, and Vodafone rely on its SMS incident alerts, while Kintaba’s integration with Slack might not be enough to rouse coders from their slumber when something catches fire.

If Kintaba can succeed in incident resolution with today’s launch, the four-person team sees adjacent markets in task prioritization, knowledge sharing, observability, and team collaboration, though those would pit it against some massive rivals. If it can’t, perhaps Slack or Microsoft Teams could be suitable soft landings for Kintaba, bringing more structured systems for dealing with major screwups to their communication platforms.

When asked why he wanted to build a legacy atop software that might seem a bit boring on the surface, Egan concluded that “Companies using Kintaba should be learning faster than their competitors . . . Everyone deserves to work within a culture that grows stronger through failure.”



https://ift.tt/2HfndKs Fb Workplace co-founder launches downtime fire alarm Kintaba https://ift.tt/2tOXtBQ

Elon Musk tweets out #DeleteFacebook, saying ‘it’s lame’

Facebook receives plenty of pointed criticism from numerous corners, including for refusing to police political speech on Facebook, its seemingly endless string of privacy breaches and its apparent coziness with the Trump administration.

One of the platform’s most prominent critics, somewhat unexpectedly, is comic, writer and actor Sacha Baron Cohen. Indeed, his powerful speech to the Anti-Defamation League in November, characterizing Facebook as the “greatest propaganda machine in history,” quickly went viral. (We republished it here.)

Cohen isn’t done railing against Zuckerberg, however. Last Wednesday, he tweeted in frustration, “We don’t let 1 person control the water for 2.5 billion people. We don’t let 1 person control electricity for 2.5 billion people. Why do we let 1 man control the information seen by 2.5 billion people? Facebook needs to be regulated by governments, not ruled by an emperor!”

On Saturday morning, Tesla founder Elon Musk responded to Cohen, himself tweeting “#DeleteFacebook it’s lame.”

It was short, sweet and to the point (and presumably buoyed Cohen).

One might imagine that Musk, who has always spoken his mind, has been emboldened of late thanks to the skyrocketing value of Tesla. But Musk has long been a critic of Facebook, tweeting in 2018 after deleting his companies’ Facebook pages that he doesn’t “like Facebook. Gives me the willies. Sorry.”

Musk and Zuckerberg have butted heads in the past over the future of artificial intelligence, too. In 2014, Musk reportedly met with Zuckerberg, researchers from Facebook’s AI lab and two other Facebook executives at Zuckerberg’s Palo Alto home in an effort to convince Musk that he was wrong about the potential dangers of AI. Musk wasn’t persuaded, calling Zuckerberg’s understanding of the future of AI “limited” in 2017.



from Social – TechCrunch https://ift.tt/eA8V8J Elon Musk tweets out #DeleteFacebook, saying ‘it’s lame’ Connie Loizos https://ift.tt/377PFIU
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Los Angeles-based SureSale is developing an independent certification service for used cars

Donny Hall, the chief executive and co-founder of the used car certification service, SureSale, knows used cars. The serial entrepreneur built and sold a previous business, CarSure, which was an insurance plan for vehicle repairs.

After selling that business in 2017 to Innovative Aftermarket Systems, Hall decided that his next venture would be to take on the used car industry’s dominant source for historical information about a vehicle — Carfax.

His Santa Monica, Calif.-based SureSale has raised $7 million in financing from the LA-based investment firm Upfront Ventures to create a national used car certification service that dealers and car shoppers around the country can turn to for an unbiased assessment of a vehicle and its problems, according to Hall.

“66 percent of consumer want to buy cars that are certified and only 7 percent do,” says Hall. “Independents don’t have any national [certification] program and dealers don’t have national programs.”

The company integrates background checks, insurance, and provides a limited warranty and five-day exchange options for vehicles assessed through its program.

To launch the business, Hall partnered with Jeffrey Schwartz, the co-founder of the used car marketplace and review platform, Autobytel.

Used car dealerships are hurting in the ecommerce age just like other traditional retailers. SureSale is betting that its value-added services and better reporting standards can give dealers a competitive advantages versus online services like Carmax.

Dealerships pay for the service, but in return their customers get a full inspection, a title and a background check alongside the five month warranty.

“Even though there have been a number of recent startups that have seen massive exits in this category like Carvana ($13BN market cap) and Carmax ($16BN market cap), given that each company has less than 2% market share, any market this large is always ripe for continued efficiency gains,” wrote UpFront Ventures partner and SureSale director, Kobie Fuller, in a blog post.



https://ift.tt/eA8V8J Los Angeles-based SureSale is developing an independent certification service for used cars https://ift.tt/2uwy1RI

Students: Score $50 tickets to TC Sessions: Robotics + AI 2020

Are you a student enthralled by robots and the AI that powers them? Do you live within striking distance of UC Berkeley? Ready to learn from the greatest minds and makers in the field? Then we want you at TC Sessions: Robotics + AI 2020 on March 3 at UC Berkeley’s Zellerbach Hall.

We’re investing in the next generation of makers by making our day-long conference super-affordable. Buy your $50 student pass right here.

If you’re not familiar with our Robotics/AI session, listen up. It’s a full day of interviews, panel discussions, Q&As, workshops and demos. And it’s all dedicated to these two world-changing technologies. Last year, we hosted 1,500 attendees. We’re talking the industries’ top leaders, founders, investors, technologists, executives and engineering students.

As a student, you’ll rub elbows with the greats. You’ll have ample time to learn and network. Who knows? You might impress the pants off the right person and land an internship, a prime job — or find the co-founder of your dreams.

If networking feels like a chore, never fear. CrunchMatch, our free business matching platform, removes the pain and adds efficiency. Win-win!

You’ll hear from our great slate of speakers, including VCs Eric Migicovsky (Y Combinator), Kelly Chen (DCVC) and Dror Berman (Innovation Endeavors). You’ll also hear from plenty of founders, including experts focused on agricultural, construction and human assistive robotics. And that’s just for starters.

Here are a few more examples of presentations you’ll find in our program agenda:

  • Fostering the Next Generation of Robotics Startups: Robotics and AI are the future of many or most industries, but the barrier of entry is still difficult to surmount for many startups. Joshua Wilson (co-founder & CEO, Freedom Robotics) and Scott Phoenix (co-founder & CEO, Vicarious) will discuss the challenges of serving robotics startups and companies that require robotics labor, from bootstrapped startups to large-scale enterprises.
  • Live Demo from the Stanford Robotics Club: It just wouldn’t be a robotics conference without the opportunity to see robots in action. We’ve got you covered.
  • Pitch Night Pitch-off Finalists: Early-stage companies, hand-picked by TechCrunch editors, will take the stage and have five minutes to present their wares.
  • Saving Humanity from AI: UC Berkeley’s Stuart Russell argues in his acclaimed new book, “Human Compatible,” that AI will doom humanity unless technologists fundamentally reform how they build AI algorithms.

TC Sessions: Robotics + AI 2020 takes place on March 3. We’re making the event affordable for students, because there’s no future tech without them. Invest $50 in your tomorrow — buy your student ticket today, and join us in Berkeley!

Is your company interested in sponsoring or exhibiting at TC Sessions: Robotics + AI 2020? Contact our sponsorship sales team by filling out this form.



https://ift.tt/eA8V8J Students: Score $50 tickets to TC Sessions: Robotics + AI 2020 https://ift.tt/2H7E4iB

Web traffic increases in 2019 were driven by mobile; top 100 sites saw average of 223B monthly visits

{rss:content:encoded} Web traffic increases in 2019 were driven by mobile; top 100 sites saw average of 223B monthly visits https://ift.tt/2SdTwjl https://ift.tt/2OCEbqv February 10, 2020 at 04:11PM

Mobile adoption around the world is having a significant impact on the web’s traffic. According to a new report from SimilarWeb, out today, mobile web traffic has jumped 30.6% since 2017, while desktop traffic dropped 3.3%. But it’s not just the numbers that are changing. Mobile visitors also behave differently from their desktop web counterparts, staying on pages for shorter periods of time, for example, which is impacting core metrics web publishers today track.

The report found that 2019’s total web traffic to the top 100 sites was up 8% from 2018, and up 11.8% over 2017, averaging 223 billion visits per month. The largest increases were in April and June 2019, when traffic was up by more than 10% over the same time in 2018.

 

Mobile is driving these traffic increases, but mobile visitors don’t stay as long on the site. Across platforms, the overall time spent on websites has dropped by 49 seconds from 2017 to 2019, the report found.

In addition, mobile has become the platform of choice for visiting certain categories of websites. Mobile traffic dwarfs desktop on adult sites, gambling sites, food & drink, pets & animals, health, community & society, sports, and lifestyle. And over the years, other categories shifted to become more mobile as well — including news and media, vehicle sites, travel, reference, finance, and others.

But not all categories are doing well, despite the shift to mobile.

News sites, for instance, were losing traffic. The report found that traffic to the top 100 media publications is down 5.3% year-over-year from 2018 to 2019 (a loss of 4B visits), and down by 7% since 2017.

These decreases impact all sorts of media categories, with popular news, entertainment news, and local news all showing decreases of over 25%. Only business & finance and women’s interest news categories saw any increases, the report said.

The increase in mobile traffic is also helping the biggest sites on the web grow larger, helping to further cement their position on today’s internet. The top 10 biggest sites saw a total of 167.5 billion monthly visits in 2019, up 10.7% over 2018. The remaining 90 biggest sites out of the top 100 only saw a 2.3% increase, by comparison.

Google’s move to consolidate traffic to its core domain increased traffic to google.com helped to increase its numbers and YouTube grew as well. However, Facebook’s troubles were reflected in its numbers as it lost 8.6% of traffic over the past year alone. The report theorized that some of its lost traffic went to YouTube, which could inform Facebook’s heavier focus on video in recent years. That said, Facebook’s investments in mobile helped it grow elsewhere — both Instagram and WhatsApp saw their web traffic grow up to 74% year-over-year.

Also on the decline were Yahoo, which lost 33.6% of its 2017 traffic, and Tumblr, which banned adult sites in 2018, leading to a 33% loss in traffic.

Facebook fought off the web traffic declines and related declines in app usage by re-engaging existing users in 2019, which helped it to increase the total number of app sessions throughout the year. YouTube uses a similar tactic to increase its own app engagement figures, leading to a close tie between the two on this metric.

The data for the report was gathered from January 2017 to December 2019, and tracked desktop and mobile web traffic, as well as Android app use.

The full report, available here, also dug into specific categories, like shopping, travel, finance, messaging, and more.

 

Sony latest phone maker to pull out of MWC over coronavirus outbreak

{rss:content:encoded} Sony latest phone maker to pull out of MWC over coronavirus outbreak https://ift.tt/2OIdzEo https://ift.tt/2ULHVJU February 10, 2020 at 01:02PM

Japanese electronics firm Sony is the latest phone maker to announce it’s withdrawing from the Mobile World Congress (MWC) tradeshow — citing concerns about the coronavirus outbreak.

“As we place the utmost importance on the safety and wellbeing of our customers, partners, media and employees, we have taken the difficult decision to withdraw from exhibiting and participating at MWC 2020 in Barcelona, Spain,” Sony wrote in a press release.

MWC is due to take place in Barcelona between February 24-27.

Sony said it will now run a press conference planned for the event remotely, via its official Xperia YouTube channel, at the scheduled time of 8:30am (CET) on February 24.

“Sony would like to thank everyone for their understanding and ongoing support during these challenging times,” it added.

In recent days a number of companies have announced they’re pulling out or scaling back their presence at the conference as a result of concerns about the spread of the virus — including Amazon, Ericsson, LG, NVIDIA and ZTE.

The World Health Organization dubbed the emergence and spread of the novel coronavirus a global emergency late last month.

At the time of writing the majority of infections and deaths from the virus remain in China, where the virus was first identified — in the town of Wuhan in the Hubei province.

Several Chinese tech companies, including ZTE and Xiaomi, have said they will make changes to their participation in MWC related to coronavirus concerns, such as placing limits on staff travelling from China or requiring they self isolate in the period before attending.

Yesterday the organizers of MWC, the GSMA, also announced stringent rules to try to safeguard attendees, including a ban on travellers from Hubei and a requirement that all travellers who have been in China must be able to prove they have been outside the country 14 days prior to the event.

Attendees will also be required to self-certify they have not been in contact with anyone affected, the GSMA said. Temperature screening will also be implemented at the event.

Last year the annual mobile tech conference drew almost 110,000 attendees, from 198 countries.

“While further planning is underway, we will continue to monitor the situation and will adapt our plans according to developments and advice we receive. We are contending with a constantly evolving situation, that will require fast adaptability,” the GSMA also said.

Attendance at MWC has regularly broken 100,000 in recent years but 2020’s conference seems likely to mark a break with business as usual as companies face pressure to rethink their travel priorities.

Starling Bank raises another £60M from existing backers

Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised another £60 million from its existing investors, Merian Global Investors and Harry McPike’s JTC.

The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019.

Boden told the FT that the bank’s two main backers – who own the majority of shares — are committed to further funding later this year. Starling’s new valuation is unknown.

Meanwhile, Starling is disclosing that customers have opened 1.25 million accounts (including consumer and business accounts) since its banking app launched in May 2017. It now holds more than £1.25 billion in deposits, which is an important metric for any lending bank.

Starling says the new funding will support continued expansion, including a European launch — plans that were delayed because of Brexit uncertainty.

The bank has 800 employees across offices in London, Southampton, Cardiff and Dublin. As part of this raise, it says it will issue more shares to employees. According to the FT report, Starling staff and management will own 20% of the bank following the new funding, with Merian and JTC controlling the rest.



https://ift.tt/eA8V8J Starling Bank raises another £60M from existing backers https://ift.tt/38gMU9v

Samsung teases videocalling on its next foldable during the Oscars

{rss:content:encoded} Samsung teases videocalling on its next foldable during the Oscars https://ift.tt/37elwre https://ift.tt/2HmIJgN February 10, 2020 at 10:59AM

It was South Korea’s — rather than Netflix’s — night at the Oscars, thanks to Bong Joon-ho’s biting class satire Parasite, which won a well-deserved best picture gong

But tech giant Samsung appears to have been hoping to steal a little of the national limelight: The Korean phone maker chose a prime Oscars ad slot to show off a 360-degree view of its next foldable, running it as a teaser for its Unpacked 2020 unboxing event — which takes place in San Francisco tomorrow.

The ad shows the flip phones from all angles, opening and closing while the Comic Strip sounds of Serge Gainsbourg and Brigitte Bardot pop and crackle in the background.

Notably we see the foldable propping itself up, with the screen half or three-quarters open, for a hands-free face-time style chat. (In case you were wondering what the point of a flip phone might be in 2020.)

There’s also an eye-popping iridescent purple colorway on show that seems intended to make the most of the screen-concealing clamshell design. A black version does a much better job of blending into the background.

While a brief side view of the phone shows what looks like a side-mounted fingerprint scanner — per earlier leaks.

And if you’re wondering how you’ll screen incoming calls when the clam is closed the ad shows a micro display that tells you the name of the person calling. tl;dr you can still ghost your frenemies while packing a flip.

We’ve seen renders of the Samsung Galaxy Z Flip leak online before but this is an official full view of the foldable Samsung hopes will spark a retro fashion craze for clamshell flip phones. (See also the rebooted Motorola Razr.)

Samsung will also of course be hoping this foldable can bend without immediately breaking

Stay tuned for all the details from Samsung Unpacked 2020 as we get them (we’re especially keen to find out the price-tag for this foldable) — including our first look at the next flagship Galaxy S device.

TechCrunch’s intrepid hardware editor, Brian Heater, will be on the ground in San Francisco tomorrow to get hands on with all the new kit so you don’t have to.

Sunday, February 9, 2020

As top exhibitors pull out of MWC, organizers implement stringent safeguards

{rss:content:encoded} As top exhibitors pull out of MWC, organizers implement stringent safeguards https://ift.tt/2H7SAa7 https://ift.tt/3brWdFx February 09, 2020 at 09:43PM

A couple of weeks out, Mobile World Congress organizer, the GSMA, has issued some fairly sweeping safeguards over growing concerns around the coronavirus. After a number of high profile back outs, including ZTE, LG, NVIDIA and Ericsson, the company issued a new list, including a ban of visitors originating from the Hubei province, whose capital Wuhan is believed to be the origin of the epidemic.

Per GSMA CEO John Hoffman,

  • All travelers from the Hubei province will not be permitted access to the event

  • All travelers who have been in China will need to demonstrate proof they have been outside of China 14 days prior to the event (passport stamp, health certificate)

  • Temperature screening will be implemented

  • Attendees will need to self-certify they have not been in contact with anyone infected.

More than 800 people have died from the virus, surpassing the 774 people who were killed by SARS circa 2002-2003. Hoffman adds that the organizer will be increasing a disinfectant program around the site and promoting a “no handshake policy.” As the organization notes, some 5,000-6,000 people from China attend the show each year, accounting for around 5-6 percent of visitors.

The GSMA is clearly interested in addressing concerns over the virus, while limiting further attendee or exhibitor erosion. The release quotes Catalan health minister Alba Vergés, who notes, “The Catalan health system is prepared to detect and treat coronavirus, to give the most appropriate response, and this must be clear to those attending MWC Barcelona.”

After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step

Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds. On Friday night word leaked out about its latest mega round. This one was for $479 million on a $12.4 billion valuation. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO.

Dragoneer Investment led the round along with new investor Salesforce Ventures. Existing Snowflake investors Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures also participated. The new round brings the total raised to over $1.4 billion, according to PitchBook data.

All of this investment begs the question when this company goes public. As you might expect, Slootman is keeping his cards close to the vest, but he acknowledges that is the next logical step for his organization, even if he is not feeling pressure to make that move right now.

“I think the earliest that we could actually pull that trigger is probably early- to mid-summer timeframe. But whether we do that or not is a totally different question because we’re not in a hurry, and we’re not getting pressure from investors,” he said.

He grants that the pressure is about allowing employees to get their equity out of the company, which can only happen once the company goes public. “The only reason that there’s always a sense of pressure around this is because it’s important for employees, and I’m not minimizing that at all. That’s a legitimate thing. So, you know, it’s certainly a possibility in 2020 but it’s also a possibility the year thereafter. I don’t see it happening any later than that,” he said.

The company’s most recent round prior to this was $450 million in October 2018. Slootman says that he absolutely didn’t need the money, but the capital was there, and the chance to forge a relationship with Salesforce also was key in their thinking in taking this funding.

“At a high level, the relationship is really about allowing Salesforce data to be easily accessed inside Snowflake. Not that it’s impossible to do that today because there are lots of tools that will help you do that, but this relationship is about making that seamless and frictionless, which we find is really important,” Slootman said.

Snowflake now has relationships with AWS, Microsoft Azure and Google Cloud Platform, and has a broad content strategy to have as much quality data (like Salesforce) on the platform. Slootman says that this helps induce a network effect, while helping move data easily between major cloud platforms, a big concern as more companies adopt a multiple cloud vendor strategy.

“One of the key distinguishing architectural aspects of Snowflake is that once you’re on our platform, it’s extremely easy to exchange data with other Snowflake users. That’s one of the key architectural underpinnings. So content strategy induces network effect which in turn causes more people, more data to land on the platform, and that serves our business model,” he said.

Slootman says investors want to be part of his company because it’s solving some real data interchange pain points in the cloud market, and the company’s growth shows that in spite of its size, that continues to attract new customers at high rate.

“We just closed off our previous fiscal year which ended last Friday, and our revenue grew at 174%. For the scale that we are, this by far the fastest growing company out there…So, that’s not your average asset,” he said.

The company has 3400 active customers, which he defines as customers who were actively using the platform in the last month. He says that they have added 500 new customers alone in the last quarter.



https://ift.tt/eA8V8J After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step https://ift.tt/38oS3w8

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