| | Tuesday, April 17, 2018 | |
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Apple is set to launch a subscription news service, according to Bloomberg sources; full plans unclear, but the company plans to combine magazine app Texture (which it acquired last month) with Apple News; the new service is set to launch within the coming year, and publishers will receive a portion of monthly fees - Link
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Adobe ($112B market cap) acquires voice apps platform Sayspring; terms undisclosed; the company provides tools for developing and testing apps for Alexa and Google Assistant; Sayspring will continue as a standalone product for the time being, but long-term plans remain unclear; raised $1.6M to date - Link
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Used vehicle marketplace Carvana ($3.6B market cap) acquires AR firm Car360 for $22M; lets a user capture images of a vehicle and create an immersive 3D model; raised ~$4M to date - Link
Car360 demo:
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The Boring Company raises ~$113M, according to an SEC filing; investors undisclosed; Elon Musk is not listed on the filing; the only named executives are Jared Birchall and director Steve Davis - Link
Update: The Boring Company says Elon Musk provided more than $100M of the company’s funding; the rest came from employees; it’s unclear how many people work at the firm, but Musk has previously suggested the company is operating with a skeleton staff - Link
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Marketing and sales platform Drift raises $60M Series C led by Sequoia Capital with participation from CRV and others; provides enterprise customers with chatbots, calendar scheduling, and more; raised $107M to date - Link
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Zimplistic, a Singapore-based kitchen appliance firm, raises $30M Series C led by Credence Partners and EDBI; maker of Rotimatic, a device for producing Indian-style flatbreads; raised $48.5M to date - Link
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Blockchain securities startup Harbor raises $28M led by Founders Fund with participation from A16Z and others; the firm is developing an ethereum-based platform for corporate compliance purposes; raised $38M to date - Link
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Kdan Mobile, a Taiwan-based content creation platform, raises $5M Series A from WI Harper Group, Darwin Venture Management, and others; Kdan offers a suite of apps including tools for animation, video editing, and more; raised $6.5M to date - Link
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UK-based edtech startup Lingumi raises $1.7M seed led by ADV with participation from LocalGlobe, Entrepreneur First, and others; the firm offers language learning tools for preschool children; raised $2.4M to date - Link
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Netflix ($133.6B market cap) Q1 beats: $3.7B revenue, up 42 percent year-on-year; $0.64 EPS, up 60 percent year-on-year; added 7.4M customers globally, up 50 percent year-on-year (6.5M expected) - Link
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Facebook provides details about its tracking of users and non-users outside its platform; apps and websites that use services such as Facebook logins or Likes send visitor information to the company regardless of whether they have a Facebook account; includes IP addresses, operating system, browser data, and more - Link
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A San Francisco federal judge approves a class action lawsuit against Facebook over its use of facial recognition tech; the plaintiffs claim the company did not get explicit permission to apply the AI process to their images; Facebook denies any wrongdoing - Link
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San Francisco City Attorney Dennis Herrera sends cease-and-desist letters to motorized scooter rental firms Bird, Spin, and Lime; Herrera says the companies do not have the correct permits and that the scooters are being ridden illegally on sidewalks - Link
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Location data platform Mapbox hires Andrew Chen as head of product; Chen previously served as a product manager at Google; Mapbox offers mapping and local search data to enterprise customers - Link
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White House cybersecurity coordinator Rob Joyce steps down; Joyce will return to the NSA, but is expected to continue in his current role for 30 days; follows the departure of Joyce’s boss Tom Bossert last week - Link
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The US and UK issue a joint warning about Russian hacking; representatives from Washington and London held a conference call with journalists to discuss Russia’s efforts to target government agencies, businesses, and individuals; they explained how best to mitigate against the issue, while also promising to retaliate against Russian actions - Link
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TaskRabbit suffers a “cybersecurity incident”; full details unclear, but the firm has temporarily disabled its website and apps while it investigates the situation; TaskRabbit has also advised those who use the same password on other sites to change them immediately - Link
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Amazon is in talks with Brazilian airline Azul to establish a delivery partnership, according to Reuters sources; Azul serves more than 100 airports across Brazil and uses excess plane capacity to carry packages - Link
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Cryptocurrency exchange Kraken says it will cease all Japanese operations by the end of June; the company cites rising costs as the reason for its departure, though it suggests it may re-enter the country at a later date - Link
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Russian regulators ask Apple and Google to remove Telegram from their app stores; follows a national ban after the company refused to share encryption keys with the government - Link
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