Eight months after bringing in a $40 million Series D, Moogsoft‘s co-founder and chief executive officer Phil Tee confirmed to TechCrunch that the IT incident management startup had shed 18 percent of its workforce, or just over 30 employees.The layoffs took place at the end of October; shortly after, Moogsoft announced two executive hires. Among the additions was Amer Deeba, who recently resigned from Qualys after the U.S. Securities and Exchange Commission charged him with insider trading. Founded in 2012, San Francisco-based Moogsoft provides artificial intelligence for IT operations (AIOps) to help teams work more efficiently and avoid outages. The startup has raised $90 million in equity funding to date, garnering a $220 million valuation with its latest round, according to PitchBook. It’s backed by Goldman Sachs, Wing Venture Capital, Redpoint Ventures, Dell’s corporate venture capital arm, Singtel Innov8, Northgate Capital and others. Wing VC founder and
Attention coders, designers and all other builders: the TechCrunch China Hackathon is returning to Shenzhen, the city known as the hardware capital of the world, this month and we want you to take part!So if your inner being is to code, design, build and hack cool things; if you want to have fun with others like you over a weekend; if you love to use your superpower to win cash and prizes; and if you need an excuse to kickstart that side-project project you’ve been thinking about for weeks… then come on over! Arranged as a pre-cursor to our TechCrunch China Shenzhen event this month, the hackathon takes place on November 17. There’s really is no better place to build your next app, product or hack. Like the traditional TC Hackathon, participating in the Shenzhen Hackathon is entirely free. All you need to do is register, which you can do right
We’re excited to announce our return to Shenzhen, which will host our next event in China later this month. Once again organized with our longtime local partner TechNode, the two-day event will run from November 19-20 at the Shenzhenwan Science and Technology Ecological Garden.Our first TechCrunch event in Shenzhen — the city widely acknowledged as the global capital for hardware — took place in June 2017 and it featured the likes of Mobike (which later sold to Meituan for $2.7 billion), Hong Kong-listed Meitu, Klook (which raised $200 million this year), Ofo, Indiegogo, Xiaomi partner Huami (which went on to go public in the U.S.) and Kik, which gave details of its upcoming ICO. The theme of this year’s show is “reshaping innovation” and it’ll feature industry leaders, movers and shakers that include JD.com, HTC, Walmart, Airbnb, WeWork, Suning, Royole, Huami
Africa’s VC landscape is becoming more African with an increasing number of investment funds headquartered on the continent and run by locals, according to Crunchbase data summarized in this TechCrunch feature.
Drawing on its database and primary source research, Crunchbase identified 51 “viable” Africa-focused VC funds globally—defining viable as formally established entities with 7-10 investments or more in African startups, from seed to series stage.
Of the 51 funds investing in African startups, 22 (or 43 percent) were headquartered in Africa and managed by Africans.
Of the 22 African managed and located funds, 9 (or 41 percent) were formed since
Tink Labs, a Hong Kong startup that develops smartphones that hotels provide to their guests for free, is raising a new round of up to $300 million to further its international footprint, TechCrunch has come to understand.The startup is in the final stages of completing the deal that could give its six-year-old business a post-money valuation of at least $1.5 billion, two sources with knowledge of discussions told TechCrunch . It isn’t clear at this point which investors are part of the round, but once source said Tink Labs has made an effort to court hotels and travel firms as investors since it believes they could provide strategic value beyond simply capital. But any hoteliers would likely provide smaller checks, with more established investors picking up the bulk of the round. Tink Labs declined to respond when contacted for comment by TechCrunch. The company’s existing investors include manufacturing giant
Naspers announced a $100 million Naspers Foundry fund to support South African tech startups. This is part of a $300 million (1.4 billion rand) commitment by the South African media and investment company to support South Africa’s tech sector overall. Naspers Foundry will launch in 2019.
The initiatives lend more weight to Naspers’ venture activities in Africa as the company has received greater attention for investments off the continent (namely Europe, India and China).
“Naspers Foundry will help talented and ambitious South African technology entrepreneurs to develop and grow their businesses,” said a company release.
“Technology innovation is
Most students in the U.S. have used or at least heard of Quizlet, the website for creating digital flashcards.The company leverages machine learning to predict in which areas its users need the most help and provides 300 million user-generated study decks, maps, charts and other tools for learning. Roughly eight months after closing a $20 million financing, Quizlet chief executive officer Matthew Glotzbach has disclosed some notable feats for the emerging edtech: it’s reached 50 million monthly active users, up from 30 million one year ago, and though it’s not profitable yet, its revenue is growing 100 percent YoY. As a result of its recent growth, the company is opening its first office outside of Silicon Valley, in Denver. “We by no means feel like our work is done; 50 million is a very small fraction of the 1.4 billion students on the planet,” Glotzbach told TechCrunch. “Our
Lyft, the transportation on demand company that is heading to a $15 billion IPO in 2019, is racing ahead with its autonomous vehicle plans. TechCrunch has learned that it is acquiring the London-based augmented reality startup Blue Vision Labs and unveiling its first test vehicle with Ford to advance its vision for self-driving cars.The first Ford car from Lyft’s Level 5 self-driving initiative will be the Ford Fusion Hybrid. It’s the culmination of a yearlong partnership the two companies had announced last September and will be hitting city streets “soon” the company said. While the integration of Lyft’s autonomous technologies and Ford’s hardware is impressive, perhaps more meaningful is the company’s acquisition of Blue Vision Labs, a startup out of London that has developed a way of ingesting street-level imagery and is using it to build collaborative, interactive
In its first institutional funding round, Oh My Green has raised $20 million from Initialized Capital, Powerplant Ventures, Backed VC, ZhenFund, Talis Capital and the Stanford StartX Fund to bring healthier foods to offices around the U.S.The concierge-style startup, which completed Y Combinator’s startup accelerator in 2016, provides businesses in San Francisco, Los Angeles, Seattle, Chicago, Austin, Denver, Boston, New York City and Nashville nutritional snacks and meals. It stocks office snack pantries — a staple at tech startups — caters events, manages cafes and provides wellness programming. Its goal is to be a one-stop shop for corporate nutritional wellness. The San Francisco-based company was founded in 2014 by Michael Heinrich. Based off my conversation with him earlier this week, I’m guessing he wouldn’t approve of the TechCrunch snack cupboard, which includes a year-long supply of Skittles, M&Ms and Fruit by the Foot. “I wanted to do
Startup Battlefield Competition – Flight #1BuildInk
Real estate construction firms nowadays are struggling to keep up with the fast-moving pace of technological advancements in order to fulfill the market constantly changing demands. Buildink is offering a revolutionary solution for construction firms, via a scalable and mobile friendly Cable Robot Concrete 3D printer
HTC G1 (2008)This is the one that started it all, and I have a soft spot in my heart for the old thing. Also known as the HTC Dream — this was back when we had an HTC, you see — the G1 was about as inauspicious a debut as you can imagine. Its full keyboard, trackball, slightly janky slide-up screen (crooked even in official photos), and considerable
TechCrunch Sessions: AR/VR
Continue reading "Announcing the agenda for TC Sessions: AR/VR in LA on October 18"
At the very beginning, there were 21 startups. After three days of incredibly fierce competition, we now have a winner.Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for a chance to win $100,000 and the coveted Disrupt Cup. After hours of deliberations, TechCrunch editors pored over the judges’ notes and narrowed the list down to five finalists: CB Therapeutics, Forethought, Mira, Origami Labs and Unbound. These startups made their way to the finale to demo in front of our final panel of judges, which included: Cyan Banister (Founders Fund), Roelof Botha (Sequoia Capital), Jeff Clavier (Uncork Capital), Kirsten Green (Forerunner Ventures), Aileen Lee (Cowboy Ventures) and Matthew Panzarino (TechCrunch). And now, meet the Startup Battlefield winner of TechCrunch Disrupt SF 2018.