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Showing posts from August, 2019

Sources say China used iPhone hacks to target Uyghur Muslims

A number of malicious websites used to hack into iPhones over a two-year period were targeting Uyghur Muslims, TechCrunch has learned. Sources familiar with the matter said the websites were part of a state-backed attack — likely China — designed to target the Uyghur community in the country’s Xinjiang state. It’s part of the latest effort by the Chinese government to crack down on the minority Muslim community in recent history. In the past year, Beijing has detained more than a million Uyghurs in internment camps, according to a United Nations human rights committee. Google security researchers found and recently disclosed the malicious websites this week, but until now it wasn’t known who they were targeting. The websites were part of a campaign to target the religious group by infecting an iPhone with malicious code simply by visiting a booby-trapped web page. In gaining unfettered access to the iPhone’s software, an attacker could read a victim’s messages, passwords, and t

Apple products under pricing pressure as new 15% tariffs drop Sunday

A new 15% tariff on Chinese imports will go in effect just after midnight Sunday, placing levies on hundreds of household goods and consumer tech, including a bevy of Apple products. The tariffs, put in place by President Donald Trump as part of an escalating tit-for-tat trade war with China, were entered into the Federal Register on Friday. Apple, the largest U.S. technology company by market cap, has its products assembled in China by Foxconn and then ships them to consumers all over the world. The Apple Airpods, Apple Watch and accompanying Apple Watch bands and the Apple Homepod are all products subject to the higher tariffs beginning Sunday. The iPhone doesn’t appear to be impacted this round, but could be subject to tariffs that begin Dec. 15. Apple is hardly the only electronics company — most of which have final assembly in China — to be affected by the tariffs. TVs, speakers, digital cameras, lithium-ion batteries and flash drives are just a few of consumer electronics th

Apple still has work to do on privacy

There’s no doubt that Apple’s self-polished reputation for privacy and security has taken a bit of a battering recently. On the security front, Google researchers just disclosed a major flaw in the iPhone, finding a number of malicious websites that could hack into a victim’s device by exploiting a set of previously undisclosed software bugs. When visited, the sites infected iPhones with an implant designed to harvest personal data — such as location, contacts and messages. As flaws go, it looks like a very bad one. And when security fails so spectacularly, all those shiny privacy promises naturally go straight out the window. The implant was used to steal location data and files like databases of WhatsApp, Telegram, iMessage. So all the user messages, or emails. Copies of contacts, photos, https://t.co/AmWRpbcIHw pic.twitter.com/vUNQDo9noJ — Lukasz Olejnik (@lukOlejnik) August 30, 2019 And while that particular cold-sweat-inducing iPhone security snafu has now been patch

Startups Weekly: Peloton’s 29 secret weapons

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about a new e-commerce startup, Pietra . Before that, I wrote about the flurry of IPO filings . Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter  @KateClarkTweets . If you don’t subscribe to Startups Weekly yet, you can do that  here . What’s new? Peloton revealed its S-1 this week, taking a big step toward an IPO expected later this year. The filing was packed with interesting tidbits, including that the company, which manufacturers internet-connected stationary bikes and sells an affiliated subscription to its growing library of on-demand fitness content, is raking in more than $900 million in annual revenue. Sure, it’s not profitable, and it’s losing an increasing amount of money to sales and marketing efforts, but for

Labor Day Special: One extra week on early-bird pricing for Disrupt SF 2019

Happy (almost) Labor Day to all the hardworking members of the early-startup community — entrepreneurs, founders, investors, engineers and everyone in between. We know how hard you work to build your dream, so we’re cutting you a break and extending our early-bird pricing on passes to Disrupt San Francisco 2019 through 11:59 p.m. (PST) on September 6 . One extra week to save up to $1,300. Don’t fritter away this absolute last opportunity to save big bucks on our flagship event, where you’ll find more than 10,000 attendees, 400 media outlets and a passel of eager investors. Get your early-bird tickets now . Disrupt events always feature incredible speakers, and we’ve got an amazing agenda lined up for you this year. Let’s take a look at just some of the discussions and interviews you’ll enjoy over the course of three Disruptive days. Reigniting the Space Race: Blue Origin CEO Bob Smith intends to return the U.S. to crewed spaceflight, with a goal of doing so this year with its fi

Bear Robotics is raising big bucks for robots that deliver food to restaurant patrons

Some days , it feels like there’s almost no end to the number of jobs that might be replaced altogether or in some part by smart machines, from radiologists to truck drivers to, gulp, journalists . You might be tempted to sob about it to your friendly restaurant server, but wait! It’s a robot, too! So it may be if the 25-person, Redwood City, Calif.,-based startup Bear Robotics has its way. The two-year-old company makes “robots that help,” and specifically, it makes robots that help deliver food to restaurant customers. It’s a market that’s seemingly poised for disruption. As Bear says in its own literature about the company, it was founded to address the “increased pressure faced by the food service industry around wages, labor supply, and cost efficiencies.” CEO John Ha, a former Intel research scientist turned longtime technical lead at Google who also opened, then closed, his own restaurant , witnessed the struggle firsthand. As the child (and grandchild) of restaurateurs, t

YouTube Said to Be Fined Up to $200 Million for Children’s Privacy Violations

By BY NATASHA SINGER, JACK NICAS AND KATE CONGER from NYT Technology https://ift.tt/34nJZKO

At-home blood testing startup Baze rakes in $6 million from Nature’s Way

By now, the venture world is wary of blood testing startups offering health data from just a few drops of blood. However, Baze , a Swiss-based personal nutrition startup providing blood tests you can do in the convenience of your own home, collects just a smidgen of your sanguine fluid through an MIT manufactured device , which, according to the company, is in accordance with FDA regulations. The idea is to find out (via your blood sample) what vitamins you’re missing out on and are keeping you from living your best life. That seems to resonate with folks who don’t want to go into the doctor’s office and separately head to their nearest lab for testing. And it’s important to know if you are getting the right amount of nutrition — Vitamin D deficiency is a worldwide epidemic affecting calcium absorption, hormone regulation, energy levels and muscle weakness. An estimated 74% of the U.S. population does not get the required daily levels of Vitamin D. “There are definitely widespread

Twitter C.E.O. Jack Dorsey’s Account Hacked

By BY KATE CONGER from NYT Technology https://ift.tt/2HCSDeq

…or you can always buy a $40 wood case for your Apple Card

Apple really unleashed the spoofs and goofs when the care instructions were spotted online for its new Credit card. Of particular note were warnings against contact with denim and leather — common materials for people who own wallets and/or wear pants. In the intervening week and change, I’m sure more than one entrepreneur had the thought of targeting those very specific parameters. Take Pittsburg-based KerfCase , which is offering this $39 wooden card case with a pop up feature for the card. It looks nice, I suppose. I mean, it’s the nicest wooden Apple Card case I’ve seen all afternoon (though I’m bound to get 50 more in my inbox after posting this). Founder Benjamin Saks notes that the project started out a bit tongue-in-cheek, but eventually it became a real project and turned out pretty well. I understand that penicillin was discovered in similar fashion. from Apple – TechCrunch https://ift.tt/34czEkL

Credit Sesame, a platform for managing loans and credit scores, picks up $43M en route to IPO

Household debt in the US continues to rise and as of this year now stands at nearly $14 billion. Now, one of the startups that’s building tools to help consumers better cope with that is announcing a round of funding and plans for an IPO — signs of the demand for its services, and its success to-date. Credit Sesame — which lets consumers check their credit scores and evaluate options to rebalance existing debts and loans to improve that score and thus their overall “financial health” in the words CEO and founder Adrian Nazri — has raised $43 million. With the company already profitable and growing revenues 90% each year for the last five, Nazari said that this round is likely to be the last round the company raises before it goes public. Credit Sesame is not disclosing its valuation, in part because this round is likely to have some more money added to it. But Nazari noted that it’s on track to be valued at over $1 billion when it does close in the coming months. It’s now raised $1

Daily Crunch: Apple will unveil the next iPhone on Sept 10

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here . 1. Apple will unveil the next iPhone September 10 Apple has sent out invites confirming rumors that its next major press event will happen on September 10. The event is expected to focus on the iPhone 11, unveiling three different models — the standard 11, as well as two Pro options. If this happens, it would mark a subtle-but-significant shift in the way Apple structures its phone lineup. With a lower-priced flagship replacing the budget XR, the company could appeal to consumers who’ve been turned off by the rising prices for higher-end options. 2. Uber and Lyft are putting $60M toward keeping drivers independent contractors In the event that California’s Assembly Bill 5 passes — forcing Uber and Lyft to make their drivers W-2 employees — each company is putting in $30 million to fund a 202

Update on Nigerian fintech firm Interswitch and its speculative IPO

Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story —based on unnamed sources—reporting the financial services firm had hired investment banks to go public on the LSE later in 2019. The piece spurred additional aggregated press. That Interswitch—which provides much of Nigeria’s digital banking infrastructure—could become one of Africa’s earliest tech companies to list on a global exchange isn’t exactly news. It’s more deja vu of a story that began several years ago. As TechCrunch reported , Interswitch was poised to launch on the LSE in 2016. CEO and founder Mitchell Elegbe confirmed “a dual-listing on the London and Lagos stock exchange is an option on the table,” in a January 2016 call. Two additional sources wired into Nigeria’s tech market and close to Interswitch’s investors also said the public launch would happen by the end of that year. The IPO would have made

Disrupt SF prices increase tonight

Nobody likes them, but price hikes happen, people. Price hikes happen. And the early-bird price for passes to Disrupt San Francisco 2019 disappears tonight, August 30 at 11:59 p.m. (PST) . Avoid the pain of paying more and enjoy saving up to $1,300. You have only a few hours left. Buy your Disrupt SF passes right now . Why attend Disrupt SF ? It’s simply the place to be for members of the early-stage startup ecosystem — no matter what your role. Take it from Luke Heron, CEO of TestCard Diagnostics . His company exhibited in Startup Alley at Disrupt SF ’17 and again at Disrupt Berlin ’18 — and recently closed on $1.7 million in funding. “If you’re a startup founder or an entrepreneur,” said Heron, “attending Disrupt is a no-brainer.” Need more reasons? Okay, we’ll break it down for you. Programming across four stages, workshops, Q&A Sessions, panel discussions and a roster of speakers representing a veritable who’s who of tech leaders, icons, makers and doers. Check out the

The Week in Tech: Are You Ready for Facebook’s Future?

By BY JAMIE CONDLIFFE from NYT Technology https://ift.tt/2zyUahb

Atoms nabs $8.1M for shoes you can buy in quarter sizes and separate left/right measurements

The direct-to-consumer trend in fashion has been one of the most interesting evolutions in e-commerce in the last several years, and today one of the trailblazers in the world of footwear is picking up some money from a list of illustrious backers to bring its concept to the masses. Atoms , makers of sleek sneakers that are minimalist in style — “We will make only one shoe design a year, but we want to make that really well,” said CEO Sidra Qasim — but not in substance — carefully crafted with comfort and durability in mind, sizes come in quarter increments and you can buy different measurements for each foot if your feet are among the millions that are not exactly the same size — has raised $8.1 million. The company plans to use the funding to invest in further development of its shoes, and to expand its retail and marketing presence. To date, the company has been selling directly to consumers in the US via its website — which at one point had a waiting list of nearly 40,000 people

Could Peloton be the next Apple?

Hello and welcome back to  Equity , TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we were back in the SF studio, with Kate and Alex on hand to chat venture, business, startups, and IPOs with Iris Choi . Choi is a partner at Floodgate , and one of the very few folks who have ever been invited back on the show. Despite Floodgate being an early-stage firm, Choi was more than willing to dig into the week’s later-stage topics, starting with the Peloton IPO filing. Kate was stoked about the offering (her piece here , Alex’s notes here ). Peloton, a fitness, media, hardware (and more) company, is a lot different than your run-of-the-mill enterprise SaaS exits. Next Alex ran the team through a list of impending IPOs that we care about. There are a number of venture-backed companies looking to go public before the stock market falls apart. More on each when they price. After the S-1 march, we turned to personnel news, namely th

Final week to buy super early bird passes to Disrupt Berlin 2019

Die Zeit läuft ab, Leute translates very roughly to time is running out, people! You have only one week left to save a fat stack of euros on your pass to Disrupt Berlin 2019 . Join us and startuppers from more than 50 countries on 11-12 December for the lowest possible price. Our super early bird pricing comes to a grinding halt on 6 September at 11:59 p.m. (CEST) . Buy your passes now and save up to €600. If you want to have a uniquely thrilling experience at Disrupt Berlin, be sure to apply to one or all three major events taking place during the show. You can use this single application to apply to be considered for the TC Top Picks program and/or to compete in the mighty Startup Battlefield. Or, if the TC Hackathon is more your style, apply right here . Here’s more good news: all three programs are free. No application fees, no participation fees, no giving up equity. If TechCrunch editors choose you to be a TC Top Pick , you’ll receive a free Startup Alley Exhibitor Package

Malicious websites were used to secretly hack into iPhones for years, says Google

Security researchers at Google say they’ve found a number of malicious websites which, when visited, could quietly hack into a victim’s iPhone by exploiting a set of previously undisclosed software flaws. Google’s Project Zero said in a deep-dive blog post published late on Thursday that the websites were visited thousands of times per week by unsuspecting victims, in what they described as an “indiscriminate” attack. “Simply visiting the hacked site was enough for the exploit server to attack your device, and if it was successful, install a monitoring implant,” said Ian Beer, a security researcher at Project Zero. He said the websites had been hacking iPhones over a “period of at least two years.” The researchers found five distinct exploit chains involving 12 separate security flaws, including seven involving Safari, the in-built web browser on iPhones. The five separate attack chains allowed an attacker to gain “root” access to the device — the highest level of access and privi

48 hours left: Buy your early-bird passes to Disrupt SF 2019

We dedicate this post to all the busy, overworked startuppers — the last-minute mamas, procrastinating papas and everyone in between. We empathize and gently offer this swift boot in the booty. You have only 48 hours left to save a bundle on your pass to Disrupt San Francisco 2019 . Beat the deadline — 11:59 p.m. (PST) on August 30 — and you can save up to $1,300. Get moving and buy your tickets right here, right now . Don’t miss out on our flagship Disrupt, which takes place October 2-4. It’s the quintessential tech conference for anyone focused on early-stage startups. Join more than 10,000 attendees — including over 1,200 exhibiting startups — for three jam-packed days of programming. We’re talking four different stages with interactive workshops, Q&A sessions and interviews with some of the industry’s top tech titans, founders, investors, movers and shakers. Check out our list of speakers and the Disrupt agenda . Disrupt is a breeding ground of opportunity, networking an

India’s Vedantu raises $42M to expand its live and interactive online tutoring platform

Vedantu, a Bangalore-based startup that operates an online tutoring service, today announced it has raised $42 million as it races to expand its reach in the nation where tens of millions of students enter formal education and prepare for undergraduate-level competitive exams each year. The Series C financing round for the five-year-old startup was led by Tiger Global and WestBridge Capital, with existing investors Accel, Omidyar India and TAL Education and Vedantu co-founders also participating in it. The startup has raised $58 million to date. Vedantu offers a mix of recorded and live and interactive courses. Students who have enrolled for the interactive sessions are required to answer questions every few minutes by tapping on their smartphone screen. They can also raise their doubts at the end of the session. The startup, which serves students aged between 12 to 18 (serving students in grade 6 to 12), offers a large catalog of recorded sessions at no charge to users. It generat

India’s Restaurants Rebel Against Food Delivery Apps

By VINDU GOEL from NYT Technology https://ift.tt/2zwq51W

Apple will unveil the next iPhone September 10

Invites for the next big Apple event have just landed in press mailboxes everywhere, confirming the rumored September 10 date. Invites for the event, which is set for Steves Jobs Theater on the company’s shiny new Cupertino campus, note that the event is “by innovation only.” It is a small theater, after all. The centerpiece of the event will, of course, be the iPhone 11, which is rumored to arrive in three different flavors: The standard 11 (replacing the budget XR) and two 11 Pro models, set to replace the XS and XS Max, respectively. The scheme would mark a kind of new approach for the company, which has struggled to grapple with declining smartphone sales along with the rest of the industry. Developing… from Apple – TechCrunch https://ift.tt/2HA6q5I

Female founders: All Raise AMA applications @ Disrupt SF 2019 close tomorrow

The future is female and all you fierce female founders have one last shot at receiving 30 minutes of face time with some of the industry’s leading female funders. Say what now? We’re talking the All Raise “ask me anything” (AMA) sessions at Disrupt SF 2019 — and applications close tomorrow, August 30. All Raise, a startup nonprofit focused on accelerating female founder success, will host a day-long AMA event on October 3 at Disrupt SF 2019. It’s a match-up of early-stage startup founders and top VCs — and more than 100 female founders will take part in at least 30 sessions scheduled throughout the day. Each session lasts 30 minutes, and three founders will use that time to ask a their female funder well, anything. What business issues keep you up at night? How do you prep for your next round of funding? What do you need to consider when making key hires? This is not a pitching event — it’s a rare networking opportunity to connect with and learn from the very best. You might be pa

Urbvan raises $9 million for its private shuttle service in Mexico

As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan , a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing. Co-founded by Joao Matos Albino and Renato Picard, Urbvan is taking the reins from startups like the now-defunct Chariot and tailoring the business for the needs of emerging market ecosystems. Ford is shutting down its Chariot shuttle service Hailing from Portugal, Albino arrived in Mexico City as a hire for the Rocket Internet startup Linio. Although Linio didn’t last, Albino stayed on in Mexico eventually landing a job working for the startup Mercadoni, which is where he met Picard. The two men saw the initial success of Chariot as it launched from Y Combinator, but were also tracking companies like the Indian startup Shuttl . “We wanted to make shared mobility more accessible and a little bit more efficient,” says Albino. “We studied the economics