Tesla to raise over $1 billion to help offset risk for Model 3 production

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 Tesla is looking to raise a total of around $1.15 billion from stock and convertible senior notes as a way to help “further reduce any risks” that it’ll incur as it scales its business to handle its aggressive Model 3 production schedule, the company said on Wednesday. Tesla’s decision to pad out its balance sheet with more capital was anticipated by many analysts, and… Read More

Helpling, Rocket Internet’s home services company, raises further €10M as on-demand space cools

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 Helpling, the Rocket Internet-founded company that lets you book a range of home services online, is disclosing €10 million in new funding. The round was led by Asia Pacific Internet Group (APACIG), the joint venture between Rocket Internet and Ooredoo, and also includes a number of other existing investors. Read More

Makeblock raises $30 million for robot-building kits for kids

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 Remember when kids could simply play with their toys? They still can. But parents are increasingly spending on toys that are chockablock with tech components, and that promise to turn their kids into software developers or robotics engineers. The Toy Industry Association, which held its International Toy Fair in New York last month, has even identified robotics-education as a major trend… Read More

Google introduces Family Link, its own parental control software for Android

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 Google has just one-upped Apple on mobile in a significant way: today the company today announced the launch of Family Link, an application for parents that lets them establish a child’s first Google account, as well as utilize a series of  parental controls to manage and track screen time, daily limits, device “bedtimes,” and which apps kids can use. While all the… Read More

GoPro will cut 270 more jobs

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 More tough news for GoPro as it pre-announced its first-quarter earnings earlier today. While the company announced that revenue for the first part of 2017 will hit toward the high end of guidance, the positivity was tempered by its plans to cut 270 more jobs. That number that comes in addition to the 100 it announced in January 2016 and 200 back in November, amounting to seven- and 15-percent… Read More

Credy looks to digitize personal lending in India

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 Lending platform Credy is looking to change the way people gain access to personal loans in India. The company, which is currently a part of Y Combinator’s Winter 2017 batch, is digitizing the process and improving access to capital for residents, by opening up peer-to-peer loans to a wider group of borrowers and lenders. Read More

Bullish: The future of food on demand

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 This week on Bullish, I sat down with DoorDash CEO Tony Xu to talk about the future of on-demand food delivery. In January, DoorDash teamed up with Starship Technologies to test food delivery via robots. On this episode of Bullish, Xu and I discussed the evolution of the on-demand space,  challenges to profitability, predictions for the future and autonomous delivery. “I think… Read More

X-ray technique creates nanometer-scale 3D reconstructions of computer chips

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 The chips in our devices are powered by transistors and circuits so small that they can barely be detected by our most advanced imaging techniques. How chip makers manage to do quality control when they can’t even see what they’re working is a really good question. A new method from Swiss researchers provides an incredibly detailed look at details on the level of nanometers —… Read More

LimeBike raises $12 million to roll out bike sharing without kiosks in the US

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 A startup called LimeBike has raised $12 million in venture funding to make Chinese-style bike sharing mainstream in the US. Andreessen Horowitz led the round joined by IDG Ventures, DCM Ventures and other investors who declined to be named. In China, companies like MoBike and Ofo have raised massive amounts of venture capital and distributed tens of thousands of their GPS-enabled bikes in… Read More

Teen quiz app Wishbone hacked, users’ emails and phone numbers exposed

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 Check your kid’s phone for this app, ASAP: Wishbone, a popular quiz app for kids, tweens and teens, has been hacked, according to a report from Motherboard out this morning. The hack involved 2.2 million email addresses as well as 287,000 phone numbers, many of which are from kids under the age of 18.
The app is operated by the incubator Science, and is one of the more popular social… Read More

500 Startups will keep investing in Latin America with new $10M fund

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 500 Startups is increasing its commitment to global investing with a new Latin America fund, targeting $10 million, going by the name of Luchadores II, the Spanish word for wrestlers. The fund is 500’s second aimed at the region and one of a growing number of its seed investment vehicles targeted at underserved markets across Europe, Asia and The Americas.
The accelerator has been… Read More

WhatsApp brings back text Status it replaced with Stories

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 The Snapchatification of everything has resulted in backlash for WhatsApp, prompting it to revive its text Status option. The move shows how social apps must quickly react to feedback if they make a false step in modernizing to adapt to visual communication.
In mid-February, WhatsApp removed the feature that let you set an away message, and then gave the Status name to a Snapchat Stories clone. Read More

McDonald’s begins testing Mobile Order & Pay ahead of nationwide launch

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 McDonald’s began testing mobile ordering and payments on Wednesday in select U.S. markets – the first to receive the technology as part of a pilot test aimed at working out the kinks ahead of a full rollout across the U.S. and to other international markets by year-end.
Initially, mobile ordering is available in 29 restaurants in Monterey and Salinas, California, through the… Read More

Uber’s new in-app navigation is designed specifically for Uber drivers

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 Uber’s driver-facing app is getting big changes to its navigation experience, something Uber is doing to try to help make it easier for drivers to do their job without having to worry too much about switching apps or trusting navigations software designed primarily for consumer use. The new Uber navigation experience is an upgrade from what was available in the iOS driver app previously,… Read More

Sirin, maker of the Solarin $14K smartphone, cuts 30 staff and weighs pivot

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 So much for super-private, high-end phones for the super-rich? Sirin Labs, the startup that makes the Solarin, an Android-based smartphone released last May with a $14,000 price tag and promise of extreme security for its owner, is laying off one-third, or 30, of its staff after seeing just $10 million in sales since launch. The startup is now weighing up a pivot of the business to… Read More

Campaign Monitor acquires Tagga to boost email marketing with customer data

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 Email marketing company Campaign Monitor is announcing that it has acquired Tagga. Founded in 2008, Tagga is a customer data platform, which means businesses can use it to combine user data from different source and create different segments to target with marketing campaigns. Campaign Monitor CEO Alex Bard said that as personalization becomes a key part of email marketing, platforms like… Read More

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