Author: azeeadmin

21 Jan 2019

Facebook is reportedly testing solar-powered internet drones again — this time with Airbus

Facebook last year grounded its ambitious plan to develop a solar-powered drone to beam internet across the world, but the company isn’t done with the concept, it seems. The social media giant is working with aeronautics giant Airbus to test drones in Australia, according to a new report from Germany’s NetzPolitik.

Using a request under Australia’s Freedom of Information Act, NetzPolitik got hold of a document that shows the two companies spent last year in talks over a collaboration with test flights scheduled for November and December 2018. The duo have collaborated before on communication systems for satellite drones.

Those trials — and it isn’t clear if they took place — involved the use of Airbus’ Zephyr drone, a model that is designed for “defence, humanitarian and environmental missions.” The Zephyr is much like Facebook’s now-deceased Aquila drone blueprint; it is a HAPS — “High Altitude Pseudo Satellite” — that uses solar power and can fly for “months.”

The Model S version chosen by Facebook sports a 25-meter wingspan, can operate at up to 20km altitude and it uses millimeter-wave radio to broadcast to the ground.

The Zephyr Model S and Model T as displayed on the Airbus website

The Facebook and Airbus were designed to test a payload from the social network — doubtless internet broadcasting gear — but, since the document covers planning and meetings prior to the tests, we don’t know what the outcome or results were.

“We continue to work with partners on High Altitude Platform System (HAPS) connectivity. We don’t have further details to share at this time,” a Facebook spokesperson told NetzPolitik.

TechCrunch contacted Facebook for further comment (06:55 am EST), but the company had not responded at the time of writing.

Facebook has a raft of projects that are aimed at increasing internet access worldwide, particularly in developing regions such as Asia, Africa and Latin America. The drone projects may be its boldest, they are aimed at bringing connectivity to remote areas, but it has also used software and existing infrastructure to try to make internet access more affordable.

That has included the controversial Internet.org project, which was outlawed in India because it violated net neutrality by selecting the websites and apps that could be used. Since renamed to Free Basics — likely promoted by the Indian setback — it has been scaled back in some markets but, still, Facebook said last year that the program has reached nearly 100 million people to date. Beyond that top line number, little is known about the service, which also includes paid tiers for users.

That aside, the company also has a public-private WiFi program aimed at increasing hotspots for internet users while they are out and about.

21 Jan 2019

French data protection watchdog fines Google $57 million under the GDPR

The CNIL, the French data protection watchdog, has issued its first GDPR fine of $57 million (€50 million). The regulatory body claims that Google has failed to comply with the General Data Protection Regulation (GDPR) when new Android users set up a new phone and follow Android’s onboarding process.

Two nonprofit organizations called ‘None Of Your Business’ (noyb) and La Quadrature du Net had originally filed a complaint back in May 2018 — noyb originally filed a complaint against Google and Facebook, so let’s see what happens to Facebook next. Under the GDPR, complaints are transferred to local data protection watchdogs.

While Google’s European HQ is in Dublin, the CNIL first concluded that the team in Dublin doesn’t have the final say when it comes to data processing for new Android users — that decision probably happens in Mountain View. That’s why the investigation continued in Paris.

The CNIL then concluded that Google fails to comply with the GDPR when it comes to transparency and consent.

Let’s start with the alleged lack of transparency. “Essential information, such as the data processing purposes, the data storage periods or the categories of personal data used for the ads personalization, are excessively disseminated across several documents, with buttons and links on which it is required to click to access complementary information,” the regulator writes.

For instance, if a user wants to know how their data is processed to personalize ads, it takes 5 or 6 taps. The CNIL also says that it’s often too hard to understand how your data is being used — Google’s wording is broad and obscure on purpose.

Second, Google’s consent flow doesn’t comply with the GDPR according to the CNIL. By default, Google really pushes you to sign in or sign up to a Google account. The company tells you that your experience will be worse if you don’t have a Google account. According to the CNIL, Google should separate the action of creating an account from the action of setting up a device — consent bundling is illegal under the GDPR.

If you choose to sign up to an account, when the company asks you to tick or untick some settings, Google doesn’t explain what it means. For instance, when Google asks you if you want personalized ads, the company doesn’t tell you that it is talking about many different services, from YouTube to Google Maps and Google Photos — this isn’t just about your Android phone.

In addition to that, Google doesn’t ask for specific and unambiguous consent when you create an account — the option to opt out of personalized ads is hidden behind a “More options” link. That option is pre-ticked by default (it shouldn’t).

Finally, by default, Google ticks a box that says “I agree to the processing of my information as described above and further explained in the Privacy Policy” when you create your account. Broad consent like this is also forbidden under the GDPR.

The CNIL also reminds Google that nothing has changed since its investigation in September 2018.

Chairman of noyb Max Schrems has sent us the following statement:

“We are very pleased that for the first time a European data protection authority is using the possibilities of GDPR to punish clear violations of the law. Following the introduction of GDPR, we have found that large corporations such as Google simply ‘interpret the law differently’ and have often only superficially adapted their products. It is important that the authorities make it clear that simply claiming to be complaint is not enough. We are also pleased that our work to protect fundamental rights is bearing fruit. I would also like to thank our supporters who make our work possible.”

Update: A Google spokesperson has sent us the following statement:

“People expect high standards of transparency and control from us. We’re deeply committed to meeting those expectations and the consent requirements of the GDPR. We’re studying the decision to determine our next steps.”

21 Jan 2019

The Tesla Model 3 is finally approved for European roads

Tesla can now deliver Model 3 vehicles to European customers. The automakers midsize sedan was recently granted approval from RDW, the Dutch regulator and European authority tasked by Tesla to approve the vehicle for European roads.

The approval comes just ahead of the vehicle’s European introduction next month. Right now, it’s been reported that a cargo ship full of Model 3s is currently en route to Zeebrugge, Belgium and should arrive around February 2.

The nod from the European governing body was a critical last step. Tesla is clearly racing to get its least expensive vehicle in Europe ahead of the onslaught of EVs planned by European auto makers.

Last week, Tesla announced a cost-savings plan in an effort to shore up its international Model 3 deliveries. The automaker stated that it was cutting 7 percent of its full-time workers. In the email, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets.” He also warns those employees not set to be axed that there are “many companies that can offer a better work-life balance, because they are larger and more mature or in industries that are not so voraciously competitive.”

21 Jan 2019

GoFundMe launches official campaign for workers impacted by government shutdown

GoFundMe is partnering with Deepak Chopra to launch a different kind of campaigns. The company is going beyond its usual role as a platform and hosting its own campaign to provide relief for government workers impacted by the current government shutdown.

The company is partnering with several nonprofit organizations that are providing support to government workers. For now, GoFundMe is supporting #ChefsForFeds, an initiative that serves free meals in Washington D.C., as well as the National Diaper Bank Network to help parents impacted by the shutdown. Other nonprofit organizations can reach out to partner with this campaign.

“I hope the shutdown ends soon. In the meantime, please join me and help our fellow Americans by providing some short term relief,” GoFoundMe CEO Rob Solomon said in the announcement. “ This is not about politics. This is lending a helping hand to someone in need.”

As of this writing, 1,170 people have donated over $94,000. It represents an average of $80 per donation.

A couple of weeks ago, GoFundMe issued refunds for another campaign — a Trump-inspired campaign that wanted to raise money to build a wall on the southern U.S. border. It was operated by an individual and ended up with over $20 million.

GoFundMe refunded backers as the campaign administrator wanted to change the terms of the campaign so that backers wouldn’t be able to get refunds.

Once again, GoFundMe’s role is unclear. Many individuals use the platform to pay for medical bills and compensate the flaws of the healthcare system in the U.S. This time, a GoFundMe campaign is taking over during a government shutdown. In other words, a private company is managing the budget of government workers, or at least their most essential needs.

GoFundMe can’t evenly cover the needs of all government workers across all states. Some will see a direct impact from that GoFundMe campaign while others won’t see any of that money. That’s the role of the government.

21 Jan 2019

Kaia Health gets $10M support for AI-powered management of chronic pain

Kaia Health, a self-styled digital therapeutics” startup, has pulled in $10 million in Series A funding for an app-based approach to chronic pain management.

The idea is to offer an alternative to painkillers, using mobile technology to deliver what the founder describes as multimodal, “mind body therapy” for musculoskeletal (MSK) disorders — comprised of guided physical exercises, psychological techniques and on tap medical education.

“Once you fall into this category of you’re a chronic pain patient, and not just you have acute pain for two or three days, then this is the best therapy to do,” says co-founder and CEO Konstantin Mehl. “But at the moment because this therapy is so expensive only 2% of the patients who should get access to it actually get access to it and the other 98% of patients are treated with treatments against acute pain, like painkillers and surgery… This is why there’s this crazy cost explosion when you look at the costs in the healthcare systems.”

The 2015-founded startup has developed a personal trainer app that uses computer vision technology so it can act as a fully autonomous exercise coach. The app works by visually monitoring the user as they perform exercises (via their smartphone’s camera), enabling it to keep track of repetitions and also provide vocal feedback — to correct posture and motion.

The idea is to offer a more accessible and less expensive alternative to the one-on-one in person physiotherapy which a person suffering chronic pain from a MSK disorder might otherwise use to manage their pain — such as by visiting a dedicated pain center for weeks of guided treatment. However as Mehl notes that can be prohibitively expensive and also entail long wait times to get seen.

Kaia’s first focus has been on back pain which Mehl knows plenty about — having suffered himself for two years. His struggles to find effective and affordable pain management were the inspiration for setting up the company, he tells us.

The goal he’s shooting for with Kaia is to democratize access to proven multimodal therapies and reduce reliance on pharmaceuticals — pointing to rising use of opioid-based painkillers, including in the U.S., where reliance on the drug has been driven by over-prescription leading to an epidemic of addiction and rising numbers of overdose deaths.

“Most treatments against chronic back pain are just crazy expensive and crazy ineffective. Which is a weird combination,” he says. “There’s a lot of people out there who don’t know how to cope with their pain.”

Kaia’s approach addresses “the root causes of chronic pain”, according to Mehl, though he concedes it cannot claim the digital therapy will cure everybody, saying: “That’s just not realistic.”

Though he emphasizes “you can definitely reverse chronic pain when you have a low or medium chronification level” via therapies Kaia’s app is designed to deliver digitally — as happened in his own case, albeit in person at a pain center.

He also suggests digital therapeutics can provide greater support than even a dedicated pain center can because many patients don’t feel comfortable or safe carrying on doing exercises at home. Whereas an app coach offers an “opportunity to control yourself all the time, 24/7”, which is really what chronic pain patients need.

“We track every point on your body. And that’s the cool thing about us — that we can give you feedback on a millimeter basis of what movements you do wrong if you want,” he adds, talking up the advantages of using computer vision rather than wearable sensors to monitor physical exercise. “At the moment we have more of a problem that we give too much feedback; that people complain about the app never stops correcting me!”

Last summer another startup, Hinge Health, announced a $26M Series B round for another drug-free platform-based approach to managing musculoskeletal disorders. Though its approach involves not just an app but wearable sensors and also some one-to-one health coaching — delivered remotely but by an actual human, rather than Kaia’s fully automated, sensor-free AI coach.

Mehl says it experimented with wearable sensors but found many users were reluctant to use them so decided to focus fully on a system of visual monitoring, feeding user data into continued training of the machine learning algorithms — getting to a level with the motion control that it’s very happy with around two months ago.

“We had one exercise already one year ago — a squat — so we released a standalone app which we called the Squat Challenge, just to see how people are able to use this technology. And then the challenge was to just track all different body positions. So that took another six months to add all body positions. And now recently, since six weeks, we are able to track all body positions. And now we can basically correct any exercise.”

“We are a very scalable solution,” he adds. “That’s so important for us because [Hinge Health] charge a lot of money per patient, so they maximize the dollars per patient, which is a typically thing you do in the pharma industry. Which I’m totally against. Because then we repeat the mistakes of pharma companies to artificially limit the access again, right. So we want to democratize the access to this best in class therapy and not build these artificial barriers to access.”

The Series A round was led by Balderton Capital which says it’s excited by the potential for Kaia to build a platform for a family of pain intervention tools — flagging the startup’s research around conditions such as the lung disease COPD, and potentially even Parkinson’s.

In a blog about the investment, Balderton partner James Wise writes: “The platform Kaia Health is building has the potential to extend well beyond back pain. By combining clinical levels of research with longitudinal tracking and computer vision expertise, they are becoming a platform for any intervention where pain can be relieved through regular clinical observation and guidance.

“Rather than just giving patients another way to connect to a carer, Kaia Health has utilised the most powerful and prevalent tools we have to provide clinically effective health treatments, at a fraction of the cost, and freeing up physiotherapists time for more meaningful interactions. It’s an exciting antidote to the Baumol cost disease, and one we hope will change many people’s lives.”

Kaia has around 250,000 users at this stage, via a b2c solution as well as organizations in Europe and the U.S. which make its app available (such as via medical insurance).

The new funding will be put towards scaling up in the U.S. especially with a new office for New York City, with Mehl saying they want to flip the current usage ratio of 80% Europe; 20% U.S.

It also plans to fund further clinical studies — including longer follow up studies, running to 24 months (vs the three, six and twelve month studies it has already done).

A peer-reviewed, random controlled trial study of Kaia’s approach is also pending being published in a leading journal, according to Mehl.

21 Jan 2019

All your meme are belong to AOC

Memes are the new vernacular of political culture and we dismiss them at our own peril. Liberals learned this the hard way late in the presidential campaign, when they began realizing how deftly the alt-right was able to use viral jokes, hashtags, and images as a propaganda tool, often to bolster white supremacist ideology. The phenomenon was propagated by Donald Trump, often through retweets (the president’s Twitter account, @realDonaldTrump, is arguably a meme farm at the highest level of government). Progressives have tried to fight back with their own memes, but nothing has gained the potency of say, new vocabulary like “cuck” or Pepe the Frog, the comic book character whose misappropriation as an alt-right mascot was condemned by its creator Matt Furie and his publisher.

But the left finally has a way to take back meme culture. Instead of originating from the anonymous bowels of 4chan or Reddit, it’s coming from Capitol Hill: the social media accounts of Rep. Alexandria Ocasio-Cortez (often referred to as AOC, which is also her Twitter handle). Not only is she fluent in Internet culture, but Ocasio-Cortez is also willing to take advantage of it, even as critics dismiss her, the youngest woman ever elected to Congress, as a “little girl” or demand that her cohort of Democrats “stop acting like young people,” as Aaron Sorkin did during a recent CNN interview.

Ocasio-Cortez’s tweets mix her knowledge of Internet and gaming culture with statements about serious issues like taxation, income inequality, fossil-fuel pollution, and transgender rights, while her Instagram posts and Stories give followers a behind-the-scenes look at Congress. She’s prompted important policy discussions, most notably in the case of marginal tax rates, turned Mitch McConnell into a meme (#wheresMitch), and even made a C-Span video go viral.

Sworn into Congress less than a month ago, Ocasio-Cortez’s impact on political discourse is already obvious. This was highlighted over the weekend, first when Ocasio-Cortez tweeted “All your base (are) belong to us” about the popularity of her tax rate proposal, which calls for earnings higher than $10 million to be taxed at 70 percent, among both Republicans and Democrats. Though the meme itself has been around long enough to qualify as “retro,” her use of it still became a major talking point.

Then on Sunday, Ocasio-Cortez dropped into YouTuber Hbomberguy’s (AKA Harry Brewis) Twitch marathon of Donkey Kong 64, a fundraiser for transgender youth support group Mermaids, to voice her support. Speaking about discrimination against transgender people, Ocasio-Cortez said “it’s important that we do talk about these issues in the economic frame, but not let go of the fact that discrimination is a core reason for the economic hardship” (she also declared the Nintendo 64 “probably the best system out of all of them”).

Ocasio-Cortez, the Congressional representative for New York’s 14th district in Queens and the Bronx, has also shown an adept understanding of how to satirize meme culture, turning it against itself even as she participates. This is something that any public figure who wants to own their own narrative and point of view must now be able to master. And Democrats seem to understand this, since they asked her to lead a training session about social media).

Her critics have credited Ocasio-Cortez’s ability to go viral as a result of her youth and appearance. That’s certainly a factor, which Ocasio-Cortez has addressed. But she has figured out how to use even that criticism to her advantage. When a fake nude selfie of Ocasio-Cortez was reposted by right-wing news site the Daily Caller, it was an attempt to turn meme culture (and her looks) against her, but the Congresswoman instead flipped it into a discussion about misogyny against women leaders.

An earlier attempt by Twitter user AnonymousQ1776 to portray Ocasio-Cortez a “clueless nitwit” based on a video of her dancing in college also backfired by instead portraying her as, well, a typical college student. Inspired by a scene in “The Breakfast Club,” the video itself was an example of an early (relatively speaking) Internet meme, which itself triggered a discussion (and lawsuit) over copyright law and fair use rights, as noted by Freedom of the Press foundation director of special projects Parker Higgins. That tweet also, as you would guess from someone whose social media star is up high right now, launched the AOC Dancing to Every Song meme.

But Ocasio-Cortez’s messages aren’t just for her political opponents. They also serve as a signal to people who have felt increasingly disenfranchised and scared over the last few years that the country’s problems, while profound, can be approached with intelligence and even some wry humor.

A week after she was sworn into Congress, tech investor Vinod Khosla casually dismissed her credentials, expressing doubt that she “understands basic economics, actual humans and technology.” This was a strange statement to make about someone who placed second in microbiology at the Intel International Science and Engineering Fair and earned a degree in international relations and economics at Boston University.

“Good at memes” might not look as good on a resume as her prize in one of the most prestigious research competitions for high school students (other alumni have gone on to win the Nobel Prize and National Medal of Science), but it shows that Ocasio-Cortez understands tech (and actual humans) on a level that her critics, including Khosla, Sorkin, and Piers Morgan, who admonished Ocasio-Cortez to start “acting like a grown-up not a juvenile smart-a**e,” are perhaps incapable of.

Ocasio-Cortez has often been compared to Trump for their ability to control the narrative through social media, especially Twitter. To cite another meme, however, Trump is chaotic evil, acting on the urge of impulses he seems unable to control even as they profoundly affect the lives of vulnerable people. Maybe it’s too early to tell exactly where Ocasio-Cortez’s political influence will fall on the D&D alignment chart, but it is anything but chaotic.

21 Jan 2019

Knotel acquires Deskeo, Paris’s largest agile office space operator

Breathing down the neck of WeWork is Knotel, which in 2017 raised a Series A round of $25 million, then another round of $70m, and then another $5m in debt. It says it has one million square feet in New York versus WeWork’s four million.
It’s now pushing out internationally. Last year it acquired Ahoy!Berlin, a workspace operator in Berlin, Germany, after setting up an operation in London.
And today it has announced that it has acquired Deskeo, the largest office space rental operation in Paris, catapulting Knotel to become the biggest operator in the city. It is about 10 times bigger than WeWork in the city, according to Amol Sarva, co-founder and CEO of Knotel.
Sarva told me the company will rebrand as Knotel, with senior management staying on. Numbers for the deal have not been released.
Last year Knotel also acquired 42Floors, a commercial real estate search engine in the US to, according to Sarva, get “access to data and technology on over 10 billion square feet of office space.”
Knotel is building what it calls the Agile HQ platform, a way to rent office space for a few hours or a few months without getting stuck in a lease. It positions itself as different from WeWork in that companies are front and centre in the building rather than the brand of Knotel, unlike WeWork which pushes itself as the main brand.

21 Jan 2019

‘Anti-Uber’ taxi strikes kick off again in Spain

Taxi drivers in major cities in Spain are on strike again to apply pressure for more stringent regulations to control app rivals such as Uber and Cabify which they view as unfair competition.

In Barcelona the taxi sector called an indefinite strike on Friday, using their vehicles to block Gran Vía in the Catalan capital, with protest action carrying on through the weekend and continuing into today.

Taxi drivers in Madrid are also on strike from this morning.

In Barcelona, the strike was called after the Catalan government announced proposals for regulating the vehicle for hire (VTC) sector which include a 15 minute wait time between a passenger booking and being able to take a ride.

The taxi drivers want the wait time to be much longer than that; at least 24 hours.

There were reports of violence during Friday’s action. The Huffington Post said a Cabify driver suffered a panic attack after his car was attacked by a group of protestors. It reports the police used cardiopulmonary resuscitation manoeuvers on the driver to stabilize him.

A journalist for El Pais also posted a video of the attack and resulting damage to the vehicle on Twitter.

The AP reports that local police arrested seven people in connection with the violence.

On Sunday, Elite Taxi BCN, one of the main associations backing the strike action, issued a video of its spokesman, Alberto Álvarez, calling for protestors to keep things peaceful.

The latest strikes follow a summer of action by the sector which also kicked off in Barcelona, also with violent scenes and reports of attacks on VTC drivers.

In that case Uber and Cabify temporarily paused services in the city on safety grounds. The pair do not appear to have stopped their services this time.

Although some VTC drivers have been holding counter protests by parking their vehicles along a stretch of Avenue Diagonal, causing further disruption to the flow of traffic in the city.

The taxi strike in the summer only ended after the government agreed to transfer regulatory competency for the VTC sector to the regions. The Catalan government is the first regional authority to have put forward proposals for regulating VTCs.

But the move devolving regulatory competency has not ended the ‘taxi war’. Far from it; it’s cranking up a gear as taxi associations demand a firewall for their sector by overruling the on-demand convenience of app-based rivals which are counter protesting in the hopes of steering out of a looming regulatory bind.

The latter group argues that imposed wait limits would be unconstitutional because they would go against the general interest of citizens. They also point out that waiting time based regulations have not been successfully enforced anywhere in Europe (London’s TfL proposed a five minute waiting time after a booking back in 2015 but dropped the measure after a public consultation, for instance).

While the taxi sector argues that existing laws aren’t being enforced meaning that a regulated public service is being unfairly undercut and undermined by multinationals that also only bring precarious work, rather than sustainable employment…

In Barcelona the annual Mobile World Congress tradeshow, which takes place in just over a month’s time — bringing an influx of around 100,000 techie visitors — is a strategic ratchet for the taxi industry to pressure authorities. Threats to paralyze the city are at their most politically and economically potent. So there’s plenty of uncertainty about where the latest huelga indefinida will lead.

If wait limits are imposed the VTC sector claims it would result in scores of drivers being put out of work. Commenting on the Barcelona government’s proposals for regulating the sector, an Uber spokesman told us: “Recent developments could have major consequences for drivers as well as the thousands of riders who enjoy new mobility services in the city. We continue to call for dialogue with all local stakeholders, including taxis, to shape the future of urban mobility in Spain together.”

We’ve also reached out to Cabify for comment.

Unauto VTC, a VTC association, issued a press release on Saturday decrying the blockade of the city and what it dubbed “intolerable levels of violence” by taxi associations, as well as attacking the “absolutely disproportionate” proposed VTC regulations. It also denounced the local government minister in charge of the regulation, Damià Calvet, accusing him of caving in to taxi industry “blackmail”.

“The Catalan Government’s umpteenth caving in to taxi sector blackmail has ensured it will no longer be satisfied with anything other than the disappearance of the VTC sector. We hope the government rectifies this immediately and allows the general interest of the citizens of Catalonia to prevail,” said association president, Eduardo Martín, in a statement (which we’ve translated).

“I wonder what the next thing Barcelona’s taxi sector will be asking for under threat of blocking the Mobile World Congress. Maybe the Metro closes an hour earlier, or that the Aerobus disappears. In view of the attitude of the current Government of the Generalitat it is possible that they will achieve it.”

The city government pointed us to a statement today, from the councillor for mobility and president of metropolitan transport, Mercedes Vidal, calling for an “acceptable” proposal so taxis and VTC drivers do not do the same work.

21 Jan 2019

Work on world’s first CRISPR gene-edited babies declared illegal by China

Chinese authorities have declared the work of He Jiankui, who shocked the scientific community by claiming he successfully created the world’s first gene-edited babies, an illegal decision in pursuit of “personal fame and gain.” Investigators have completed preliminary steps in a probe that began in November following He’s claims and say they will “seriously” punish the researcher for violations of the law, China’s official news agency Xinhua reported on Monday.

He, who taught at Shenzhen’s Southern University of Science and Technology, had led a team to research the gene-editing technique CRISPR since mid-2016 in attempts to treat cancers and other diseases. The incident drew significant attention to the professor’s own biotech startups that are backed by local and overseas investors.

The official probe shows that He fabricated ethics approvals which he used to recruit eight couples to participate in clinical procedures between March 2017 and November 2018. The attempt led to two pregnancies, including one that resulted in the birth of twins and the other embryo yet to be born. Five couples failed to achieve fertilization and one pair dropped out of the experiment.

He’s project has sparked a wave of criticism among scientists across the world. CRISPR is still dangerously unethical at this point for it may cause serious genetic damage. Some researchers have proposed a moratorium on CRISPR until more guidelines become clear while others call for developing safer and more ethical methods to propel the technology forward. Many countries, including the United States and China, prohibit gene-editing of human embryos for reproductive purposes.

21 Jan 2019

Zwipe tops up with $14M to bring biometric payment cards to market this year

Biometric payment card startup Zwipe has swiped $14M to add to an earlier Series B round as it continues to work towards commercializing technology that embeds a fingerprint reader in payment plastic for an added layer of security.

“We are not commercially rolled out yet, we expect that to happen in the second half of this year, starting first in Europe and potentially in the Middle East,” a spokesman told us, saying the financing will be used to scale up the company to prepare for a commercial rollout of a biometric payment card solution in the second half of 2019.

He said it’s also eyeing additional form factors such as wearables down the line, penciling in 2020 for expanding into other devices and verticals.

Although it has yet to push its tech past the pilot stage with payment cards.

“Our technology is currently deployed in pilot programs in Italy, with Intesa Sanpaolo Bank and with 10 different banks across the Middle East,” the spokesman told us. “We have active partnerships globally. In APAC, specifically China and the Philippines, we expect to launch further trials in the near term. In Europe we have piloted with the Bank of Cyprus and expect to launch several more trials in Europe in the first half of 2019.”

Back in 2014, working with MasterCard, it showed off a credit card with an embedded fingerprint reader, seemingly taking a leaf out of Apple’s approach with Touch ID.

The new funding was raised via an offering of 6M new shares, from around 2,300 investors, ahead of a planned listing of the company on Merkur Market, Oslo Børs. Zwipe says the share offer was substantially over-subscribed, and it expects trading to commence on or around January 28. The pre-money valuation of the company is stated as NOK 189 million ($22M).

Commenting on the raise in a statement, CEO Andre Løvestam said: “Zwipe is at the forefront of a global shift towards more secure and convenient contactless payments and the market is primed for growth. We are confident that our industry leading technology and partnerships will secure a strong market position both in the short and long-term. Thanks to the new funding received, we can intensify our efforts to support our customers and partners in ‘making convenience secure’.”