Category: UNCATEGORIZED

05 Aug 2020

Just 72 hours left to save up to $300 on Disrupt 2020 passes

It takes a village — or in this case a kickass global startup community — to help you survive and thrive in challenging times. Tap into your village at Disrupt 2020, but do it quickly to gain entry at the lowest possible price. You have just three days left before the price goes up.

Buy an early-bird pass to Disrupt before August 7 at 11:59 p.m. (PT), and you can save up to $300.

The virtual Disrupt 2020 programming runs from September 14-18, but you can start networking weeks ahead of time with CrunchMatch. Answer a few quick questions and our enhanced AI-powered platform finds and connects you with people who can help you achieve your business goals.  CrunchMatch makes fast, precise matches and gets smarter the more you use it, so go nuts — schedule 1:1 video meetings with potential investors, customers, or founders, showcase your innovative products or interview prospective employees.

We’re dedicated to supporting early-stage founders and, to that end, we’ve created a new series of sessions we call The Pitch Deck Teardown. We invite Disrupt attendees to submit their pitch decks (we’ll give preference to early-stage startups) for a slide-by-slide analysis by top venture capitalists.

They’ll talk about what does and doesn’t work in your deck and suggest changes to make it stronger and more compelling. You’ll learn what VCs look for and what they consider red flags that can derail your dream. We’re planning multiple sessions throughout Disrupt, and if you want to be considered for a tear down, submit your pitch deck here.

There’s so much opportunity waiting for you at Disrupt. Explore hundreds of innovative startups, including the TC Top Picks, in Digital Startup Alley, see who takes home $100,000 in the Startup Battlefield pitch competition and don’t miss the top tech, investment and business minds sharing their insight and experience across the Disrupt stages.

Join your village to learn new ways to survive and thrive. It starts by saving up to $300, but that deal disappears in three days. Buy your pass to Disrupt before early bird pricing ends on August 7 at 11:59 p.m. (PT).

Is your company interested in sponsoring or exhibiting at Disrupt 2020? Contact our sponsorship sales team by filling out this form.

05 Aug 2020

Just 72 hours left to save up to $300 on Disrupt 2020 passes

It takes a village — or in this case a kickass global startup community — to help you survive and thrive in challenging times. Tap into your village at Disrupt 2020, but do it quickly to gain entry at the lowest possible price. You have just three days left before the price goes up.

Buy an early-bird pass to Disrupt before August 7 at 11:59 p.m. (PT), and you can save up to $300.

The virtual Disrupt 2020 programming runs from September 14-18, but you can start networking weeks ahead of time with CrunchMatch. Answer a few quick questions and our enhanced AI-powered platform finds and connects you with people who can help you achieve your business goals.  CrunchMatch makes fast, precise matches and gets smarter the more you use it, so go nuts — schedule 1:1 video meetings with potential investors, customers, or founders, showcase your innovative products or interview prospective employees.

We’re dedicated to supporting early-stage founders and, to that end, we’ve created a new series of sessions we call The Pitch Deck Teardown. We invite Disrupt attendees to submit their pitch decks (we’ll give preference to early-stage startups) for a slide-by-slide analysis by top venture capitalists.

They’ll talk about what does and doesn’t work in your deck and suggest changes to make it stronger and more compelling. You’ll learn what VCs look for and what they consider red flags that can derail your dream. We’re planning multiple sessions throughout Disrupt, and if you want to be considered for a tear down, submit your pitch deck here.

There’s so much opportunity waiting for you at Disrupt. Explore hundreds of innovative startups, including the TC Top Picks, in Digital Startup Alley, see who takes home $100,000 in the Startup Battlefield pitch competition and don’t miss the top tech, investment and business minds sharing their insight and experience across the Disrupt stages.

Join your village to learn new ways to survive and thrive. It starts by saving up to $300, but that deal disappears in three days. Buy your pass to Disrupt before early bird pricing ends on August 7 at 11:59 p.m. (PT).

Is your company interested in sponsoring or exhibiting at Disrupt 2020? Contact our sponsorship sales team by filling out this form.

05 Aug 2020

Technologists: Consider Canada

America’s technology industry, radiating brilliance and profitability from its Silicon Valley home base, was until recently a shining beacon of what made America great: Science, progress, entrepreneurship. But public opinion has swung against big tech amazingly fast and far; negative views doubled between 2015 and 2019 from 17% to 34%. The list of concerns is long and includes privacy, treatment of workers, marketplace fairness, the carnage among ad-supported publications and the poisoning of public discourse.

But there’s one big issue behind all of these: An industry ravenous for growth, profit and power, that has failed at treating its employees, its customers and the inhabitants of society at large as human beings. Bear in mind that products, companies and ecosystems are built by people, for people. They reflect the values of the society around them, and right now, America’s values are in a troubled state.

We both have a lot of respect and affection for the United States, birthplace of the microprocessor and the electric guitar. We could have pursued our tech careers there, but we’ve declined repeated invitations and chosen to stay at home here in Canada . If you want to build technology to be harnessed for equity, diversity and social advancement of the many, rather than freedom and inclusion for the few, we think Canada is a good place to do it.

U.S. big tech is correctly seen as having too much money, too much power and too little accountability. Those at the top clearly see the best effects of their innovations, but rarely the social costs. They make great things — but they also disrupt lives, invade privacy and abuse their platforms.

We both came of age at a time when tech aspired to something better, and so did some of today’s tech giants. Four big tech CEOs recently testified in front of Congress. They were grilled about alleged antitrust abuses, although many of us watching were thinking about other ills associated with some of these companies: tax avoidance, privacy breaches, data mining, surveillance, censorship, the spread of false news, toxic byproducts, disregard for employee welfare.

But the industry’s problem isn’t really the products themselves — or the people who build them. Tech workers tend to be dramatically more progressive than the companies they work for, as Facebook staff showed in their recent walkout over President Donald Trump’s posts.

Big tech’s problem is that it amplifies the issues Americans are struggling with more broadly. That includes economic polarization, which is echoed in big-tech financial statements, and the race politics that prevent tech (among other industries) from being more inclusive to minorities and talented immigrants.

We’re particularly struck by the Trump administration’s recent moves to deny opportunities to H-1B visa holders. Coming after several years of family separations, visa bans and anti-immigrant rhetoric, it seems almost calculated to send IT experts, engineers, programmers, researchers, doctors, entrepreneurs and future leaders from around the world — the kind of talented newcomers who built America’s current prosperity — fleeing to more receptive shores.

One of those shores is Canada’s; that’s where we live and work. Our country has long courted immigration, but it’s turned around its longstanding brain-drain problem in recent years with policies designed to scoop up talented people who feel uncomfortable or unwanted in America. We have an immigration program, the Global Talent Stream, that helps innovative companies fast-track foreign workers with specialized skills. Cities like Toronto, Montreal, Waterloo and Vancouver have been leading North America in tech job creation during the Trump years, fuelled by outposts of the big international tech companies but also by scaled-up domestic firms that do things the Canadian way, such as enterprise software developer OpenText (one of us is a co-founder) and e-commerce giant Shopify.

“Canada is awesome. Give it a try,” Shopify CEO Tobi Lütke told disaffected U.S. tech workers on Twitter recently.

But it’s not just about policy; it’s about underlying values. Canada is exceptionally comfortable with diversity, in theory (as expressed in immigration policy) and practice (just walk down a street in Vancouver or Toronto). We’re not perfect, but we have been competently led and reasonably successful in recognizing the issues we need to deal with. And our social contract is more cooperative and inclusive.

Yes, that means public health care with no copays, but it also means more emphasis on sustainability, corporate responsibility and a more collaborative strain of capitalism. Our federal and provincial governments have mostly been applauded for their gusher of stimulative wage subsidies and grants meant to sustain small businesses and tech talent during the pandemic, whereas Washington’s response now appears to have been formulated in part to funnel public money to elites.

American big tech today feels morally adrift, which leads to losing out on talented people who want to live the values Silicon Valley used to stand for — not just wealth, freedom and the few, but inclusivity, diversity and the many. Canada is just one alternative to the U.S. model, but it’s the alternative we know best and the one just across the border, with loads of technology job openings.

It wouldn’t surprise us if more tech refugees find themselves voting with their feet.

05 Aug 2020

Rolling updates on Beirut, a city and a tech community devastated

It was only relatively recently, in October 2018, that TechCrunch held Startup Battlefield MENA to unpack startups in the Middle East and North Africa. When TechCrunch went looking for a city in the region to host the event in, it quickly became clear that Beirut was the one for us. Vibrant, full of creative entrepreneurs, and a fantastic startup scene made it a natural TechCrunch choice.

That year Beirut came into its own as tech cluster, with the ongoing emergence of the Beirut Digital District, Antwork and similar initiatives and spaces in the city.

Beirut has created many stand-out startups including Instabug and MYKI, as well as local VC funds including BeryTech Fund and Leap Ventures among others.

Startup Battlefield MENA was a huge success and helped shine a light on that ecosystem.

But it goes without saying that both Lebanon’s financial and political crisis last year, combined with the COVID-19 pandemic, has hit Beirut very hard.

We have therefore witnessed the explosion yesterday, which devastated the city and so many lives, with enormous sadness. Our hearts go out to everyone there.

So this post will not be a traditional TechCrunch post about startups and investors.

This will be kept as a rolling list of updates and stories from the tech enthusiasts, entrepreneurs and investors in a city which is close to TechCrunch’s heart and will be updated as we get information, and put into sections.

Any tech founders or investors in Beirut can email me a statement about how they are doing, if they are well, how their team are doing, if their office was damaged etc. Any stories AT ALL can be sent to mike [AT] mikebutcher.me and I will assemble them for publication here. Put “Beirut” in the subject line.

URGENT NEEDS:
Maps of Shelters, Initiative to Locate Victims https://helplebanon.carrd.co/

FINANCIAL DONATIONS:
You can donate to the Disaster Relief Fund, Lebanese Red Cross and others here.

Lebanese Red Cross donations should be done on desktop (not mobile as their app has some glitches).

Impact Lebanon, a non-profit organization, is a social incubator for driven Lebanese around the world and is raising a crowd-funder here.

Life Lebanon is a relief fund created by the Lebanese in Finance organization (a serious organization formed of expats mostly in UK and US)

DONATE BLOOD:
To donate blood in Lebanon: https://dsclebanon.org/who-we-are | http://www.redcross.org.lb/SubPage.aspx?pageid=317

Vetted and reliable NGOs worth supporting:
Lebanese Red Cross
Offre Joie
Chance Association
Bank to School
Arc En Ciel
Bassma
Sesobel

VOLUNTEERING:
Offre-Joie is an organization that is very respectable and has done good work in reconstruction post-civil war, it’s now seeking volunteers and raising a relief fund here.

MEDIA / INFORMATION:
The961 is one of the leading Lebanese English media/news sites and nd one of the handful of independent and non-politically backed media outlets in the country. Check their Instagram page for pictures/details of missing people by families and friends following the explosion. They are working with a couple of full stack developers from the dev community in Lebanon to develop a platform of some sort where people can submit missing people and their info. It will be set up directly on The961.com as an extension to the news site. It’s also launched a fundraiser for the Lebanese Red Cross through their NGO (legally registered in Canada).

STORIES FROM THE GROUND:

• Entrepreneur Omar Itani: “Yesterday I lost a lot, my car, my house, my phone, one of our shops. The shop was inaugurated less than three months ago, we have poured hundreds of hours of work into the shop and invested thousands and thousands of dollars. Since its opening, the shop has been doing tremendously well and became one of the city’s fashion landmarks. Today the shop is only a memory nothing remains, all vanished in a second.” Read here.

• Business Empower is a Beirut-based technology company that offers e-commerce, data analytics, security and cloud solutions for several local and multi-national companies. The business has sustained significant damage from the event. It was stablished in 2008 by founder Mouhammad Fakhoury. Fakhoury, a Syracuse University alumni and previous Software Engineer at Adobe Systems and Microsoft, who moved to Lebanon to start his own company. Thankfully no one was physically hurt, employees were working remotely due to covid-19 restrictions.

MORE UPDATES WILL FOLLOW….

(Image credit: AP Photo/Hussein Malla)(Hussein Malla)

05 Aug 2020

Gumroad founder Sahil Lavingia launches new seed fund in collaboration with AngelList

Gumroad founder Sahil Lavingia has teamed up with AngelList to launch his debut $5 million rolling fund to invest in early-stage entrepreneurs.

He is cutting $100,000 to $250,000 checks for startups and has a particular interest in B2B, SaaS, future of work, video, and developer tools. Limited partners include Arlan Hamilton, Josh Kopelman, and AngelList founder Naval Ravikant.

But, here’s the twist: Lavingia raised $5 million using just a Notion memo, a few tweets, and a Zoom call with over 1,800 registrants.

“It’s the power of Zoom and Twitter in the COVID era,” Lavingia said.

Still, two months ago, Lavingia didn’t even know he wanted to be a VC. The entrepreneur has made some angel investments in Lambda School, Figma, Haus, Clubhouse, and HelloSign (which was acquired by Dropbox). Eventually, though, he says angel investing got too expensive for him to do so he stopped.

Then, following George Floyd’s murder, he followed the lead of other investors rushing to invest in Black founders and tweeted this:

As a result of the tweet, he invested in 4 startups founded by Black entrepreneurs. Since some were looking on follow-on capital, he tapped into his network, including AngelList founder Naval Ravikant. Ravikant, seeing the deals, floated the concept of a rolling fund by him.

Rolling funds via Zoom

In February, AngelList launched a so-called rolling venture fund product to help emerging venture capitalists close their first funds, faster. The fund structure allows fund managers to raise new capital commitments on a regular basis and invest as they go, ergo the “rolling” aspect. Lavingia worked with AngelList to create his fund, and has capital commitments of $1.25 million per quarter in a $5 million per year fund.

The rolling fund structure can be a bit volatile because limited partners have to “re-up” their investments on a quarterly basis. It could put a fund’s investing ability in flux and thus impact portfolio construction, too.

One way to battle this volatility is that limited partners must commit to at least four consecutive quarters when investing in a rolling fund. After that, investors can choose on a quarter by quarter basis if they want to invest in the fund. Lavingia says that on this first close, he could have raised 5 to 10 times the capital, but chose to pick smaller checks from exceptional people. The smallest check in is $55,000 a year split over four quarters, he said.

Lavingia also claims that the rotating nature of check acceptance will allow him to continually invite a more diverse limited partner base as time goes on. He declined to share specific numbers on the current diversity of his LP base, but said that 30 percent of his portfolio companies to date are founded by Black entrepreneurs.

One other note on rolling funds, an SEC regulation — 506(c) — allows investors to publicly fundraise.Traditional venture capital funds are usually raised in private which disproportionately benefits those who already have their foot in the door. Lavingia says the 506(c) regulation allows him, as a first-time fund manager, to raise publicly on Zoom.

Lavingia hosted a Q&A about his new fund with a group of his buddies: Work Life Ventures’ Brianne Kimmel, AngelList’s Sunil Pai, and Earnest Capital’s Tyler Tringas.

Lavingia says that there were around 600 to 700 people live on the call, which is larger than most conferences he’s spoken at.

Lavingia was the second employee at Pinterest and left to start building Gumroad, a platform to help creators sell products to consumers. The company went through a gutting round of layoffs and restructuring in 2015, inspiring Lavingia to pen a viral blog post about his “failure to build a billion-dollar company.” Today, Gumroad is at $10 million ARR and is growing 100% year over year with a team of 10 people.

While Lavingia will continue to work on Gumroad, he says that his failure and transparency around it “is actually growing the company faster.”

‘I think it gives me a little bit more bandwidth to do an experiment along these lines,” he said, of the fund.

First-time fund managers have had to turn to unique ways to de-risk themselves in this volatile time. Lavingia’s story is no different, and showcases that the power of remote deals isn’t just a phenomenon that founders will benefit from.

05 Aug 2020

India’s Byju’s acquires WhiteHat Jr. for $300 million

Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country.

The all-cash deal makes 18-month-old WhiteHat Jr., which offers online coding classes to school-going students, the fastest exit story of this size in Indian startup ecosystem.

WhiteHat Jr., which had raised about $11 million from Omidyar Network and Nexus Venture Partners, has achieved a revenue run rate of $150 million.

“We started WhiteHat Jr. to make kids creators instead of consumers of technology,” said Karan Bajaj, founder of WhiteHat Jr., in a statement. “Technology is at the centre of every human interaction today and we had set out to create a coding curriculum that was being delivered live and connected students and teachers like never before. Integration with a visionary company such as BYJU’S will help take this idea to new heights and help unleash the remarkable creative potential of kids at a global scale.”

“WhiteHat Jr is the leader in the live online coding space. Karan has proven his mettle as an exceptional founder and the credit goes to him and his team for creating coding programs that are loved by kids. Under his leadership the company has achieved phenomenal growth in India and the US in a short span of time.” said Byju Raveendran, founder and chief executive of Byju’s, in a statement.

More to follow…

05 Aug 2020

TikTok updates policies to ban deepfakes, expand fact-checks, and flag election misinfo

As uncertainty swirls around TikTok’s future in the U.S., the company this morning announced new Community Guidelines focused on helping keep misleading and deceptive content off its platform. The new rules aim to better clarify what’s allowed and not allowed on TikTok, broaden the app’s fact-checking partnerships ahead of the U.S. election, and ban the use of “deepfakes” (manipulated content) designed to deceive. In addition, TikTok has added an in-app reporting option for election misinformation. It also claims to have worked with experts, including the Countering Foreign Influence Task Force (CFITF), run by the U.S. Department of Homeland Security (DHS), to help counter the threat of foreign influence on elections.

That latter item is a particularly clever spin on TikTok’s current situation, given that it’s the foreign interference of TikTok itself that the Trump Administration is concerned about, along with the potential security risk that comes from the possibility of China’s authoritarian government collecting massive amounts of data on TikTok’s American users.

TikTok, however, says it has worked with CFITF and other experts to help stop the dangers of foreign influence on U.S. elections. The task force shares insight about possible disinformation campaigns across the industry and connects local election officials with online platforms and law enforcement. TikTok didn’t clarify the extent of its work in this area, but CFITF has only existed since 2018 so these would be fairly recent efforts.

The company also says it’s expanding its relationships with PolitiFact and Lead Stories to fact check potential misinformation related to the 2020 U.S. election. The organizations were previously focused on other fact-checks, like those related to COVID-19 and climate change.

However, fact-check organizations’ ability to actually find and fact-check misleading content can be difficult as much of this content is framed by users as “just my opinion.” A quick search on TikTok this morning for “climate change hoax,” for example, pulled up videos with dissenting user opinions on the topic with no fact-check applied. This isn’t a problem unique to TikTok, of course. Social media platforms in general struggle the line between free speech and misinformation, especially when content goes viral that shares a viewpoint not held by a majority of the scientific or academic community.

TikTok also says today it will roll out an election misinformation option to its in-app reporting feature in the “coming weeks.” But it didn’t offer a clear launch date, despite elections now being months away.

The company says it’s clarifying its policy to ban the use of “synthetic or manipulated content,” too. This will now include deepfakes meant to deceive or distort the truth. The policy continues to be questionably enforced. For example, TikTok easily pulled up the recent viral video that claims to show House Speaker Nancy Pelosi drunk — a video that has been manipulated from the original where she speaks normally. There is no fact-check applied. Facebook, by comparison, labeled the video “partly false,” given the digital slowing down of the original video.

None of these problems around fake content or attempts to deceive are unique to TikTok, of course. U.S. companies don’t have things under control, either.

TikTok, in addition, notes it releases Transparency Reports and recently added new Transparency webpage with information for lawmakers and users alike.

Its policy around “coordinated inauthentic behavior,” has also been restated to be clearer, TikTok says.

The new policy reads:

Do not engage in coordinated inauthentic activities (such as the creation of accounts) to exert influence and sway public opinion while misleading individuals, our community or the larger public about the account’s identity, location or purpose

The Trump administration has put the TikTok ban on hold for at least 45 days for now, ostensibly so TikTok could work out a deal with Microsoft. The U.S. government wants the company to spin out its U.S. operations to distance itself from China.

TikTok users, naturally, have their own theories about why Trump is coming down so hard on their prefered social app. Some number of TikTok teens pranked the Trump campaign over the rally in Tulsa, for starters. Other TikTok users pointed out that Trump’s real concern is that TikTok doesn’t allow political ads — and microtargeting voters on Facebook helped Trump win the last election.

These theories are interesting to debate (may not be entirely wrong!), but the reality is that the concerns over TikTok’s connection to China have some bipartisan support.

05 Aug 2020

Google updates G Suite for mobile with dark mode support, Smart Compose for Docs and more

Google today announced a major update to its mobile G Suite productivity apps.

Among these updates are the addition of a dark theme for Docs, Sheets and Slides, as well as the addition of Google’s Smart Compose technology to Docs on mobile and the ability to edit Microsoft Office documents without having to covert them. Other updates include a new vertically scrollable slide viewing experience in Slides, link previews and a new user interface for comments and action items. You can now also respond to comment on your documents directly from Gmail.

For the most part, these new features are now available on Android (or will be in the next few weeks) and then coming to iOS later, though Smart Compose is immediately available for both, while link previews are actually making their debut on iOS, with Android coming later.

Most of these additions simply bring existing desktop features to mobile, which has generally been the way Google has been rolling out new G Suite tools.

The new dark theme will surely get some attention, given that it has been a long time coming and that users now essentially expect this in their mobile apps. Google argues that it won’t just be easier on your eyes but that it can also “keep your battery alive longer” (though only phones with an OLED display will really see a difference there).

Image Credits: Google

You’re likely familiar with Smart Compose at this time, which is already available in Gmail and Docs on the web. Like everywhere else, it’ll try to finish your sentence for you, though given that typing is still more of a hassle on mobile, it’s surely a welcome addition for those who regularly have to write or edit documents on the go.

Even if your business is fully betting on G Suite, chances are somebody will still send you an Office document. On the web, G Suite could already handle these documents without any conversion. This same technology is now coming to mobile as well. It’s a handle feature, though I’m mostly surprised this wasn’t available on mobile before.

As for the rest of the new feature, the one worth calling out is the ability to respond to comments directly from Gmail. Last year, Google rolled out dynamic email on the web. I’m not sure I’ve really seen too many of these dynamic emails — which use AMP to bring dynamic content to your inbox — in the wild, but Google is now using this feature for Docs. “Instead of receiving individual email notifications when you’re mentioned in a comment in Docs, Sheets, or Slides, you’ll now see an up-to-date comment thread in Gmail, and you’ll be able to reply or resolve the comment, directly within the message,” the company explains.

 

05 Aug 2020

Hear Cloudflare and PlanGrid’s amazing journey from founding to exit at Disrupt 2020

How and when should startup founders think about the “exit”? It’s the perennial question in tech entrepreneurialism, but the how’s and when’s are questions to which there are a multitude of answers. For one thing, new founders often forget that the terms of the exit may not eventually be entirely in their control. There’s the board to think of, the strategic direction of the company, the first-in investors, the last-in. You name it. We’ll be chatting about this at Disrupt 2020.

Exits normally happen in only one of two ways: Either the startup gets acquired for enough money to give the investors a return or it grows big enough to list on the public markets. And it just so happens we have two perfect founders who will be able to unpack their own journeys on those two roads.

When Cloudflare went public last year it certainly wasn’t the end of its 10-year journey, and nor was it PlanGrid’s when it was acquired by Autodesk in 2018.

Cloudflare’s Michelle Zatlyn saw every nook and cranny of the company’s journey towards its IPO, which received a warm reception, even if there were a few bumps along the road leading up to it. What comes after an IPO and how to do you even get there in the first place? Zatlyn will be laying it all out for us.

PlanGrid’s journey to acquisition by Autodesk was equally fascinating, and Tracy Young – who, as CEO and co-founder, shepherded the company to an $875 Million exit – will be able to give us an insight into what it’s like to dance with a potential acquirer, go through that (often fraught) process, and come out the other side.

We’re excited to host this conversation at Disrupt 2020 and expect it to fill up quickly. Grab your pass before this Friday to save up to $300 on this session and more.

05 Aug 2020

Datafold is solving the chaos of data engineering

It seemed so simple. A small schema issue in a database was wrecking a feature in the app, increasing latency and degrading the user experience. The resident data engineer pops in a fix to amend the schema, and everything seems fine — for now. Unbeknownst to them, that small fix completely clobbered all the dashboards used by the company’s leadership. Finance is down, ops is pissed, and the CEO — well, they don’t even know whether the company is online.

For data engineers, it’s not just a recurring nightmare — it’s a day-to-day reality. A decade plus into that whole “data is the new oil” claptrap, and we’re still managing data piecemeal and without proper systems and controls. Data lakes have become data oceans and data warehouses have become … well, whatever the massive version of a warehouse is called (a waremansion I guess). Data engineers bridge the gap between the messy world of real life and the precise nature of code, and they need much better tools to do their jobs.

As TechCrunch’s unofficial data engineer, I’ve personally struggled with many of these same problems. And so that’s what drew me into Datafold.

Datafold is a brand-new platform for managing the quality assurance of data. Much in the way that a software platform has QA and continuous integration tools to ensure that code functions as expected, Datafold integrates across data sources to ensure that changes in the schema of one table doesn’t knock out functionality somewhere else.

Founder Gleb Mezhanskiy knows these problems firsthand. He’s informed from his time at Lyft, where he was a data scientist and data engineer, and later transformed into a product manager “focused on the productivity of data professionals.” The idea was that as Lyft expanded, it needed much better pipelines and tooling around its data to remain competitive with Uber and others in its space.

His lessons from Lyft inform Datafold’s current focus. Mezhanskiy explained that the platform sits in the connections between all data sources and their outlets. There are two challenges to solve here. First, “data is changing, every day you get new data, and the shape of it can be very different either for business reasons or because your data sources can be broken.” And second, “the old code that is used by companies to transform this data is also changing very rapidly because companies are building new products, they are refactoring their features … a lot of errors can happen.”

In equation form: messy reality + chaos in data engineering = unhappy data end users.

With Datafold, changes made by data engineers in their extractions and transformations can be compared for unintentional changes. For instance, maybe a function that formerly returned an integer now returns a text string, an accidental mistake introduced by the engineer. Rather than wait until BI tools flop and a bunch of alerts come in from managers, Datafold will indicate that there is likely some sort of problem, and identify what happened.

The key efficiency here is that Datafold aggregates changes in datasets — even datasets with billions of entries — into summaries so that data engineers can understand even subtle flaws. The goal is that even if an error transpires in 0.1% of cases, Datafold will be able to identify that issue and also bring a summary of it to the data engineer for response.

Datafold is entering a market that is, quite frankly, as chaotic as the data being processed. It sits in the key middle layer of the data stack — it’s not the data lake or data warehouse for storing data, and it isn’t the end user BI tools like a Looker, Tableau or many others. Instead, it’s part of a number of tools available for data engineers to manage and monitor their data flows to ensure consistency and quality.

The startup is targeting companies with at least 20 people on their data team — that’s the sweet spot where a data team has enough scale and resources that they are going to be concerned with data quality.

Today Datafold is three people, and will be debuting officially at YC’s Demo Day later this month. Its ultimate dream is a world where data engineers never again have to get an overnight page to fix a data quality issue. If you’ve been there, you know precisely why such a product is valuable.