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Kea raises 10M to build AI that helps restaurants answer the phone

Kea is a new startup giving restaurants an opportunity to upgrade one of the more old-fashioned ways that they take orders - over the phone. Today, Kea is announcing that it has raised a 10 million Series A led by Marbruck, with participation from Streamlined Ventures, Xfund, Heartland Ventures, DEEPCORE, Barrel Ventures and AVG Funds, []

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A16z is now managing 16.5 billion, after announcing two new funds

Andreessen Horowitz (a16z) has closed a pair of funds totaling 4.5 billion, the firm confirmed in a blog post this morning. The firm has raised 1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a 3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request []

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Mobileye taps Luminar to supply lidar for its robotaxi fleet

Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising star paired with a company that has long dominated the automotive industry. While []

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Prices increase tonight for our space-focused event, TC Sessions: Space

‘Space, the final frontier‘ You can probably recite the ‘Star Trek‘ opening monologue in your sleep. But we‘re talking science fact, not fiction, and TC Sessions: Space 2020 provides real opportunity to connect with the people, information and funding you need to boldly build the future of space technology. Go boldly, yes. But why pay []

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ORIX invests 60M in Israeli crowdfunding platform OurCrowd

Japan-based financial services group ORIX Corporation today announced that it has made a 60 million strategic investment into the Israeli crowdsourcing platform OurCrowd. In return, the crowdfunding platform will provide the firm with access to its startup network. OurCrowd also says that the two groups will collaborate to create financial products and investment opportunities for []

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AllRight, an English language learning app for children, raises 5M from Genesis Investments

AllRight is a platform for English language learning, aimed at children four years or older, which combines lessons with real teachers and homework with ‘AI-powered‘ tutors. It‘s now raised a 5 million Series A round led by Genesis Investments, with participation from TMT Investments, TerraVC, and existing investors Flashpoint and Misha Lyalin. The Ukraine-based startup []

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Despite commitment to anti-racism, Uber‘s Black employee base has decreased

Uber today released its latest diversity report, showing a decline in the overall representation of Black employees in the U.S. despite an increased focus on racial justice this year in the wake of the police killing of George Floyd. In 2019, Uber was 9.3% Black while this year, only 7.5% of its employees are Black. []

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Loadsmart raises 90 million to further consolidate its one-stop freight and logistics platform

Leading on-demand digital freight platform Loadsmart has raised a 90 million Series C funding round, led by funds under management by BlackRock, and co-led by Chromo Invest. The funding will be used to continue to build out its platform to offer even more end-to-end logistics services to its freight customers, and the company says that []

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Xesto is a foot scanning app that simplifies shoe gifting

You wait ages for foot scanning startups to help with the tricky fit issue that troubles online shoe shopping and then two come along at once: Launching today in time for Black Friday sprees is Xesto which like Neatsy, which we wrote about earlier today, also makes use of the iPhone‘s TrueDepth camera to []

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Google, Facebook and Twitter threaten to leave Pakistan over censorship law

Global internet companies Facebook, Google and Twitter and others have banded together and threatened to leave Pakistan after the South Asian nation granted blanket powers to local regulators to censor digital content. Earlier this week, Pakistan Prime Minister Imran Khan granted the Pakistan Telecommunication Authority the power to remove and block digital content that pose []

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What is Roblox worth?

With Roblox joining the end-of-year unicorn stampede towards the public markets, we‘re set for a contentedly busy second half of November and early December. I hope you didn‘t have vacation planned in the next few weeks. This morning we need to get deeper into the Roblox S-1 so that we can better understand the nature []

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Prices increase tonight for our space focused event, TC Sessions: Space

‘Space, the final frontier‘ You can probably recite the ‘Star Trek‘ opening monologue in your sleep. But we‘re talking science fact, not fiction, and TC Sessions: Space 2020 provides real opportunity to connect with the people, information and funding you need to boldly build the future of space technology. Go boldly, yes. But why pay []

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Can artificial intelligence give elephants a winning edge?

With great technology, collaboration and a commitment to stop the Ivory trade that leads to most elephant deaths, there‘s a real chance to save these singular creatures.

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Index ventures into Latin America to back Sofia, a Mexico City-based telemedicine and health insurer

Arturo Sanchez and his co-founders have spent the past two years developing the telemedicine and insurance platform, Sofia, as a way to give customers across Mexico better access to quality healthcare through their insurance plan. Along with his co-founders, Sebastian Jimenez, a former Google employee who serves as the company‘s chief product officer, and Manuel []

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Snap acquired Voisey, an app to create music tracks overlaying your own vocals

Snapchat helped pioneer the use of lenses on faces in photos and videos to turn ordinary picture messages into fantastical creations where humans can look like, say, cats, and even cats can wear festival-chic flower crowns. Now it sounds like the company might be turning its attention to sound. The company appears to have acquired []

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Why is GoCardless COO Carlos Gonzalez-Cadenas pivoting to become a full-time VC?

Index Ventures, a London- and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., recently announced its latest partner. Carlos Gonzalez-Cadenas, currently COO of London-based fintech GoCardless and previously the chief product officer of Skyscanner, will join Index in January. Gonzalez-Cadenas is a seasoned entrepreneur and operator, but has also become []

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If you didn‘t make 1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn. At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm, Roblox, Airbnb, and Wish all filed to go public. With DoorDash‘s IPO filing []

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Onit acquires legal startup McCarthyFinch to inject AI into legal workflows

Onit, a workflow software company based in Houston with a legal component, announced this week that it has acquired 2018 TechCrunch Disrupt Battlefield alum McCarthyFinch. Onit intends to use the startup‘s AI skills to beef up its legal workflow software offerings. The companies did not share the purchase price. After evaluating a number of companies []

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LA-based Credit Key raises 33 million for its business-to-business payments platform

Bringing the buy-now pay-later model that transformed companies like Klarna and Affirm into billion dollar businesses to small businesses across the U.S. has netted the payment and lending company Credit Key another 33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, undisclosed, investors, the company []

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AllRight , an English learning app for children, raises 5M to scale-up from Genesis Investments

AllRight is a platform for English language learning, aimed at children four years or older, which combines lessons with real teachers and homework with ‘AI-powered‘ tutors. It‘s now raised a 5 million Series A round led by Genesis Investments, with participation from TMT Investments, TerraVC, and existing investors Flashpoint and Misha Lyalin. The Ukraine-based startup []

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Wish files to go public with 100M monthly actives, 1.75B in 2020 revenue thus far

This morning Wish, a well-known mobile ecommerce startup, filed to go public. It joins Affirm, Airbnb, and Roblox in filing this week as many well-known and valuable private companies look to debut before the year ends and the holidays start. Wish‘s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given []

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OneWeb emerges from bankruptcy, aims to begin launching satellites again on December 17

Broadband communication satellite company OneWeb has emerged from its Chapter 11 bankruptcy protection status, the company announced today. It‘s now also officially owned by a consortium consisting of the UK government and India‘s Bharti Global, and Neil Masterson is now installed as CEO, replacing outgoing chief executive Adrian Steckel, who will remain as a Board []

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Neatsy wants to reduce sneaker returns with 3D foot scans

U.S.-based startup Neatsy AI is using the iPhone‘s depth-sensing FaceID selfie camera as a foot scanner to capture 3D models for predicting a comfortable sneaker fit. Its app, currently soft launched for iOS but due to launch officially next month, asks the user a few basic questions about sneaker fit preference before walking through a []

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Reddit appoints second Black board member this year

Reddit has appointed Paula Price, who has served on the board of six public companies, including Accenture and Deutsche Bank, to its board of directors. Price‘s appointment makes her one of two Black directors on the company‘s board. Paula‘s vast experience as a world-class financial leader and strategic advisor will be a tremendous asset to []

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