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Shop-Ware raises cash as cars make a comeback

Shop-Ware has been waiting for a year like 2020 since 2015. The startup, which sells software to neighborhood automotive shops to digitize their operations, had struggled to capture capital from venture firms. Until recently, its sole major investor was aftermarket automotive giant Bosch. For companies like Shop-Ware, the disruptive wake of COVID-19 has cleared a []

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Jio Platforms backs SF-based AR gaming startup Krikey

Jio Platforms, the biggest telecom operator in India and which has raised over 20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based startup that develops augmented-reality mobile games. Jio has led the Series A fundraise of Krikey, founded by sisters Jhanvi and Ketaki Shriram, []

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Florida-based logistics provider ShipMonk raises 290 million on the back of rising eCommerce demand

Jan Bednar started ShipMonk with 70,000 in winnings from a string of student business plan competitions and launched the business that just closed on 290 million in new funding from a small warehouse with no air conditioning in the middle of Florida. While Bednar‘s new offices are still inside the warehouse his company operates, they []

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Genesis Therapeutics raises 52M A round for its AI-focused drug discovery mission

Sifting through the trillions of molecules out there that might have powerful medicinal effects is a daunting task, but the solution biotech has found is to work smarter, not harder. Genesis Therapeutics has a new simulation approach and cross-disciplinary team that has clearly made an impression: the company just raised a 52 million A round. []

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Bizzabo raises 138M for a platform that helps you build and run virtual conferences

Conferences have for better or worse (and if you‘ve ever been trapped in a cavernous CES exhibition hall, you might say worse) become a significant cornerstone of how industries engage with their audiences, whether they are comics superfans, or iOS developers, or insurance brokers. This year has undoubtedly seen a huge shift in []

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Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users - not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If []

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Spotify launches ‘2020 Wrapped‘ with new features including quizzes, badges and, yes, stories

Spotify is today launching its 2020 Wrapped personalized experience the company‘s popular year-end review of users‘ favorite artists, songs, genres, and podcasts. This year, however, Spotify is making a few changes. For starters, Wrapped will be exclusively available on mobile for Spotify users, while a web experience will offer a version of Wrapped for []

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Monzo, the U.K. challenger bank, picks up additional 60M in funding

Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another 60 million in funding, priced the same as and effectively an extension of the its previous top-up round in June. This saw Monzo valued by private investors at around 1.2 billion, marked by industry observers as a down round because []

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The UK approves the BioNTech/Pfizer COVID-19 vaccine for emergency use

The UK‘s medicines regulator has approved the BioNTech/Pfizer vaccine againstCOVID-19 for emergency use, the companies said today. The UK is the first country to approve the vaccine for widespread use paving the way for some of the most high risk citizens, such as elderly care home residents, to get the jab before the end []

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Apple releases its ‘Best of 2020‘ App Store winners and most downloaded apps of the year

Apple today released its highly anticipated annual list of the best apps and games of 2020. As in previous years, App Store editors selected the winners based on factors like the app‘s quality, creative design, usability and use of Apple technology, among other things. The Best of 2020 winners this year include a number of []

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Eat Just to sell lab-grown meat in Singapore after gaining ‘world first‘ regulatory approval

Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). The cell-cultured chicken will eventually be produced under Eat Just‘s new GOOD Meat brand through partnerships with local manufacturers and go on sale to restaurants before it is available to consumers. No chickens were killed []

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Extra Crunch membership now available to readers in Israel

We‘re excited to announce that Extra Crunch memberships are now available in Israel. That adds to our existing support in: United States Canada Argentina, Brazil, Mexico UK and select European countries Australia Sign up for Extra Crunch membership here. Use the code ISRAEL122020 during checkout for an additional 25% off an annual or 2-year plan. []

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Apple‘s MagSafe Duo charger is now available

Back in October Apple announced the MagSafe Duo, a folding travel charger capable of charging both the iPhone and the Apple Watch simultaneously and wirelessly. In an unusual move, the company didn‘t specify exactly when it‘d start shipping - or even when it‘d go up for sale. Some rumors suggested late December, while others were []

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Longtime investor and operator Adam Nash says he just launched a new fintech startup

Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other friends and angels who appear to have also pitched into the round, including Box CEO []

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Obvious Ventures outlines the ‘world-positive‘ impact of its startups and shares what‘s next

Today, the early-stage, mission-focused, San Francisco-based venture firm Obvious Ventures released a very readable overview of how each of its portfolio companies is benefiting the world in its own way. Its report shines a light on the grocery deliver service Good Eggs, for example, sharing that roughly 70% of the products sold by the company []

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Virgin Galactic plans first rocket-powered test flight from New Mexico for next week

Virgin Galactic has revealed the flight window for the first rocket-powered flight of its VSS Unity spacecraft from the shiny new Spaceport America in New Mexico. The ship could be in the air as early as December 11. This flight will be the third for Unity out of the future passenger spaceport, but the last []

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Massachusetts lawmakers vote to pass a statewide police ban on facial recognition

Massachusetts lawmakers have voted to pass a new police reform bill that will ban police departments and public agencies from using facial recognition technology across the state. The bill was passed by both the state‘s House and Senate on Tuesday, a day after senior lawmakers announced an agreement that ended months of deadlock. The police []

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Equity Shot: Salesforce‘s 27.7 billion-dollar Slack message

Hello and welcome back toEquity, TechCrunch‘s venture capital-focused podcast where we unpack the numbers behind the headlines. Welcome to an Equity Shot all about the huge, and hugely interesting Salesforce -Slack deal, in which the enterprise social company will be subsumed for the mere price of 27.7 billion. TechCrunch has notes on the deal here, []

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Daily Crunch: Salesforce buys Slack for 27.7B

Salesforce announces its acquisition of Slack, Amazon brings the Mac mini to the cloud and Google Maps gets a newsfeed. This is your Daily Crunch for December 1, 2020. The big story: Salesforce buys Slack for 27.7B The acquisition, which was first reported last month, is now official. This is a match made in heaven, []

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Salesforce beats growth expectations as investors digest the Slack acquisition

Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of 5.42 billion, up 20% from the year-ago period. Salesforce also had net income of 1.08 billion and earnings per share of 1.15. Analysts had expected the company to []

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Scale AI hits 3.5B valuation as it turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised []

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Lightspeed acquires restaurant software company Upserve for 430M

Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed‘s presence in the restaurant industry. The company already offers cloud-based point-of-sale software for restaurants and other businesses. Itwent public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for 440 million. The Upserve acquisition is []

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Elon Musk would consider having Tesla acquire a legacy automaker

Elon Musk would consider leveraging Tesla‘s mega 554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Dpfner. Musk who received an award Tuesday from the media giant discussed his various interests and businesses, []

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Scale AI hits 3.5B valuation as its turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised []

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