Category: Technology Trends

The most important technology news, developments and trends.

This Pittsburgh arcade is now a tiny virtual world

If you enjoy experimental video games and milling around art installations but find yourself stuck at home during the pandemic, one Pittsburgh arcade has swapped physical space for a little virtual world. LikeLike is a gallery dedicated to showcasing weird and creative indie games. Now, that’s now happening in LikeLike Online, which LikeLike calls “the Read More…

Why AI startups’ economics will likely improve over time

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. If you can recall February, we dug into the question of AI startup gross margins. Venture shop a16z had published an interesting blog on the subject, arguing that it may be the case that AI-focused startups will enjoy strong gross margins, but perhaps not as strong as those posted by SaaS companies. Modern software startups (SaaS companies) have some of the highest gross margins in business, delivering their digital services over the Internet at little cost. Their high-margin revenue has

Peloton pauses April’s live classes after an employee tested positive for COVID-19

Peloton has announced that it will stop producing and airing live cycling and running classes until April 30th after an employee tested positive for COVID-19 late last week. The company originally planned to reopen its studios on Tuesday, April 7th, taking the weekend to deep clean its facilities. “We have decided to pause live production Read More…

Equity Monday: Hunting for green shoots amidst the startup data

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that we’ve done for more than three years still drops on Friday. Last week’s was a particular delight, so make sure you’re caught up. Ready? Let’s go. This weekend was busy, with Quibi launching, folks in the UK attacking 5G towers and Skype trying to steal some of Zoom’s thunder. News was dominated, as always, by COVID-19, this time leading to a stock market bump as some data from the disease appeared

Myriota raises $19.3 million to expand its IoT satellite constellation

Internet of things satellite connectivity startup Myriota has raises a $19.3 million Series B funding round, led by Hostplus and Main Sequence Ventures, with additional funding from Boeing, former Australian PM Malcolm Turnbull, Singtel Innov8 and others. The company has now raised $37 million in Funding, and has four satellites on orbit already, with a plan to expand that to 25 by 2022 with the help of this new funding. Myriota provides low-cost, power efficient direct satellite connectivity for IoT uses, including industrial applications like equipment monitoring and measurement of environmental measures like groundwater levels. The Adelaide-based company has developed

Lydia lets you donate to hospitals and charities

Fintech startup Lydia is the dominating mobile payment app in France with most of its 3.3 million users in its home country. That’s why the startup has been working hard over the past ten days to ship a feature that was originally planned for this summer — donations to charities and hospitals. Starting today, Lydia users can choose between 17 charities and send money to those charities using the familiar Lydia payment flow. It works like sending money to your friends and family. Donations start at €0.50 and those are one-off payments — you can’t set up recurring payments or round up

Open banking fintech Yapily raises $13M Series A

Yapily, one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, and LocalGlobe also participated. Yapily last disclosed $5.4 million in seed funding in May 2019, and counts the likes of Taavet Hinrikus (TransferWise chairman and co-founder), Ott Kaukver (Twilio’s CTO), Roberto Nicastro (UniCredit’s former deputy CEO) and Frank Strauss (Former CEO of Deutsche Postbank) as angel

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