Category: UNCATEGORIZED

02 Apr 2020

Disney debuts its streaming service in India

Disney+ has arrived in the land of Bollywood. The company on Friday rolled out its eponymous streaming service in India through Hotstar, a popular on-demand video streamer it picked up as part of the Fox deal.

To court users in India, the largest open entertainment market in Asia, Disney is charging users 1,499 Indian rupees (about $20) for a year, the most affordable plan in any of the more than a dozen markets where Disney+ is currently available.

Subscribers of the revamped streaming service, now called Disney+Hotstar, will get access to Disney Originals in English as well as several local languages, live sporting events, thousands of movies and shows, including some sourced from HBO, Showtime, ABC, and Fox that maintain syndication partnerships with the Indian streaming service.

Disney+Hostar is also offering a cheaper yearly premium tier, priced at Rs 399 (about $5.3), that will offer subscribers access to movies, shows (but not those sourced from aforementioned U.S. networks and studios), and live sporting events. But it won’t include Disney Originals.

Access to streaming of sporting events, especially of cricket matches, has helped five-year-old Hotstar become the most popular on-demand video streaming in India. During the cricket tournament Indian Premier League last year, the service had amassed over 300 million monthly active users and more than 100 million daily active users.

It also holds the global record for most simultaneous views on a live stream, about 25 million — more than thrice of its nearest competitor.

Prior to today’s launch, Hotstar offered its premium plans at 999 Indian rupees, and 365 Indian rupees. Existing subscribers won’t be affected by the price revision until the duration of their current subscription.

The service, run by Indian conglomerate Star India, offers access to about 80% of its catalog at no cost to users. The company monetizes these viewers through ads.

But in recent years, the company has begun to explore ways to turn its users into subscribers. Two years ago, Hotstar restricted cricket match streaming to non-paying users.

People familiar with the matter told TechCrunch that Hotstar has about 1.5 million paying subscribers, lower than what most industry firms estimate. But that figure is still higher than most of its competitors.

And there are many.

Disney+ will compete with more than three dozen international and local players in India, including Netflix, Amazon Prime Video, Times Internet’s MX Player, which has over 175 million monthly active users, Zee5, Apple TV+, and Alt Balaji, which has amassed over 27 million subscribers.

“The arrival of Disney+ in India is another case study in the globalization of entertainment in the digital era. For decades, the biggest companies in the world have expanded their reach into different markets. But it’s new, and actually quite profound, that everyone on earth receives the very same version of such a specific cultural product,” Matthew Ball, former head of strategic planning for Amazon Studios, told TechCrunch.

As in some other markets, including the U.S., streaming services have leveraged on partnerships with telecom networks, TV vendors, cable TV operators, and satellite TV players in India.

Most of these streaming services monetize their viewers by selling ads, and those who do charge have kept their premium plans below $3.

Why that figure? That’s the number most industry executives think — by spending years in the Indian market — that people in the country are willing to pay. The average of how much an individual pays for cable TV, for instance, in India is also about $3.

“I think everyone is still trying to sort out the right pricing. It’s true the average Indian consumer is used to far lower prices and can’t afford more. However, we need to focus on the consumers likely to buy this, who have the requisite broadband access and income, etc,” said Ball.

At stake is India’s booming on-demand video streaming market that, according to Boston Consulting Group, is estimated to grow to $5 billion from half a billion two years ago.

Hotstar’s hold on India could make it easier for Disney+, which has launched in more than a dozen markets and has amassed over 28 million subscribers.

As the country spends about two more weeks in lockdown that New Delhi ordered last month to curtail the spread of coronavirus, this could also compel many to give Disney+ a try.

More to follow…

02 Apr 2020

Apple, Laurene Powell Jobs and Leonardo DiCaprio launch a GoFundMe with $12M for the hungry

Apple has made a donation to a new fundraising campaign, America’s Food Fund, along with Laurene Powell Jobs, Leonardo DiCaprio, and the Ford Foundation. Together, they’ve contributed $12 million towards the $15 million goal for the new initiative being hosting on fundraising platform GoFundMe. The proceeds will go to benefit World Central Kitchen and Feeding America.

The former was founded in 2020 by Chef José Andrés to provide meals to the hungry in the wake of man-made and natural disasters worldwide. Since its debut, World Central Kitchen has served over 15 million meals across 19 disasters, including Hurricane Dorian in the Bahamas and Hurricane Maria. It has also served 3.7 million meals in 2017-2018 in Puerto Rico.

The organization began its COVID-19 relief efforts by deploying food to cruise ship passengers under quarantine. It’s now working to feed vulnerable communities and frontline medical professionals through mobile distributions and restaurant partners.

Chef José Andrés and World Central Kitchen CEO Claire Babineaux-Fontenot also sat down with Oprah Winfrey on her new Apple TV+ show, “Oprah Talks COVID-19” to discuss their efforts.

Feeding America, meanwhile, is the U.S.’s largest hunger-relief organization serving more than 40 million Americans through a network of 200 food banks and 60,000 food pantries and meal programs with a presence across the U.S. Its COVID-19 relief efforts involve its Response Fund, launched to help member food banks secure the resources they need to continue operations.

The choice to essentially run a GoFundMe campaign for America’s Food Fund is an odd one. Frankly, the optics aren’t great here.

Most of the philanthropic efforts from corporations or high net worth individuals so far during the COVID-19 outbreak have involved direct donations to nonprofits, food banks, and other relief efforts. If $15 million is what’s needed now, then the donors involved here should just have given the $15 million. But instead, they’ve donated $12 million and presented this campaign in the hopes that “us regular folks” will pitch in the rest.

“If you are in a position to contribute and you have the means to take action, we hope you will donate today. No dollar amount is too small,” the GoFundMe campaign reads.

That’s asking people who are far more impacted by the coronavirus crisis than Jobs or DiCaprio to step up at a time when job security is questionable, food prices are going up, and the threat of losing work due to infection is also a serious concern.

The campaign is also losing a percentage of donations to fees. (GoFundMe will charge 2.9% and a $0.30 per donation transaction fee.) An in-cash donation directly to the organizations in need would be preferable. Even a campaign where you can donate online directly to the selected organization would be an improvement.

On World Central Kitchen’s site, for example, there’s a checkbox where you can opt to cover the fees with your donation. On Feeding America’s site, you have the option to commit to a monthly donation and also are told explicitly how much your cash donation will provide, in terms of meals.

To date, several high net worth individuals have donated to various relief efforts during the COVID-19 outbreak on their own. Winfrey, for instance, gave $10 million to coronavirus relief efforts, with $1 million of that towards this new America’s Food Fund campaign. Jeff Bezos donated $25 million to the Amazon Relief Fund. Michael Bloomberg donated $40 million to fight the spread of the virus in low and middle-income countries. Dolly Parton donated $1 million to coronavirus research. Actors Ryan Reynolds and Blake Lively said they were donating $1 million to food banks.

And through their respective foundations, Bill gates contributed $100 million; Jack Ma pledged $14 million; Ralph Lauren donated $10 million; and Mark Zuckerberg and Priscilla Chan donated $30 million to various COVID-19 efforts.

If you want to donate to a local food bank feeding the hungry — or volunteer — in your own neighborhood, you can do so from Feeding America’s website here. From its search results, you’ll get the web addresses for the food banks in your city. And from their own websites, you can find out how to give directly.

02 Apr 2020

Visa’s Africa strategy banks on startup partnerships

Visa has prioritized growth in Africa, and partnering with startups is central to its strategy.

This became obvious in 2019 after the global financial services giant entered a series of collaborations on the continent, but Visa confirmed it in their 2020 Investor Day presentation.

On the company’s annual call, participants mentioned Africa 28 times and featured regional startups prominently in the accompanying deck. Visa’s regional president for Central and Eastern Europe, Middle East and Africa (CEMEA), Andrew Torre, detailed the region’s payments potential and his company’s plans to tap it. “We’re partnering with non-conventional players to realize this potential — fintechs, neobanks and digital wallets — to reach the one billion consumer opportunity,” he said.

Africa strategy and team

TechCrunch has covered a number of Visa’s Africa collaborations and spoke to two execs driving the company’s engagement with startups from Nigeria to South Africa.

Visa’s head of Strategic Partnerships, Fintech and Ventures for Africa, Otto Williams, has been out front, traveling the continent and engaging fintech founders.

Located in Cape Town, Visa’s group general manager for Sub-Saharan Africa, Aida Diarra, oversees the company’s operations in 48 countries. Visa has a long track record working with the region’s large banking entities, but that’s shifted to smaller ventures.

visa africa

Image Credits: Visa

02 Apr 2020

Estimote launches wearables for workplace-level contact tracing for COVID-19

Bluetooth location beacon startup Estimote has adapted its technological expertise to develop a new product designed specifically at curbing the spread of COVID-19. The company created a new range of wearable devices that co-founder Steve Cheney believes can enhance workplace safety for those who have to be colocated at a physical workplace even while social distancing and physical isolation measures are in place.

The devices, called simply the “Proof of Health” wearables, aim to provide contact tracing – in other words, monitoring the potential spread of the coronavirus from person-to-person – at the level of a local workplace facility. The intention is to give employers a way to hopefully maintain a pulse on any possible transmission among their workforces and provide them with the ability to hopefully curtail any local spread before it becomes an outsized risk.

The hardware includes passive GPS location-tracking, as well as proximity sensors powered by Bluetooth and ultra-wide band radio connectivity, a rechargeable battery, and built-in LTE. It also includes a manual control to change a wearer’s health status, recording states like certified health, symptomatic, and verified infected. When a user updates their state to indicate possible or verified infection, that updates others they’ve been in contact with based on proximity and location-data history. This information is also stored in a health dashboard that provides detailed logs of possible contacts for centralized management. That’s designed for internal use within an organization for now, but Cheney tells me he’s working now to see if there might be a way to collaborate with WHO or other external health organizations to potentially leverage the information for tracing across enterprises and populations, too.

These are intended to come in a number of different form factors: the pebble-like version that exists today, which can be clipped to a lanyard for wearing and displaying around a person’s neck; a wrist-worn version with an integrated adjustable strap; and a card format that’s more compact for carrying and could work alongside traditional security badges often used for facility access control. The pebble-like design is already in production and 2,000 will be deployed now, with a plan to ramp production for as many as 10,000 more in the near future using the company’s Poland-based manufacturing resources.

Estimote has been building programmable sensor tech for enterprises for nearly a decade and has worked with large global companies, including Apple and Amazon . Cheney tells me that he quickly recognized the need for the application of this technology to the unique problems presented by the pandemic, but Estimote was already 18 months into developing it for other uses, including in hospitality industries for employee safety/panic button deployment.

“This stack has been in full production for 18 months,” he said via message. “We can program all wearables remotely (they’re LTE connected). Say a factory deploys this – we write an app to the wearable remotely. This is programmable IoT.

“Who knew the virus would require proof of health vis-a-vis location diagnostics tech,” he added.

Many have proposed technology-based solutions for contact tracing, including leveraging existing data gathered by smartphones and consumer applications to chart transmission. But those efforts also have considerable privacy implications, and require use of a smartphone – something that Cheney says isn’t really viable for accurate workplace tracking in high-traffic environments. By creating a dedicated wearable, Cheney says that Estimote can help employers avoid doing something “invasive” with their workforce, since it’s instead tied to a fit-for-purpose device with data shared only with their employers, and it’s in a form factor they can remove and have some control over. Mobile devices also can’t do nearly as fine-grained tracking with indoor environments as dedicated hardware can manage, he says.

And contact tracing at this hyperlocal level won’t necessarily just provide employers with early warning signs for curbing the spread earlier and more thoroughly than they would otherwise. In fact, larger-scale contact tracing fed by sensor data could inform new and improved strategies for COVID-19 response.

“Typically, contact tracing relies on the memory of individuals, or some high-level assumptions (for example, the shift someone worked),” said Brianna Vechhio-Pagán of John Hopkins University’s Applied Physics Lab via a statement. “New technologies can now track interactions within a transmissible, or ~6-foot range, thus reducing the error introduced by other methods. By combining very dense contact tracing data from Bluetooth and UWB signals with information about infection status and symptoms, we may discover new and improved ways to keep patients and staff safe.”

With the ultimate duration of measures like physical distancing essentially up-in-the-air, and some predictions indicating they’ll continue for many months, even if they vary in terms of severity, solutions like Estimote’s could become essential to keeping essential services and businesses operating while also doing the utmost to protect the health and safety of the workers incurring those risks. More far-reaching measures might be needed, too, including general-public-connected, contact-tracing programs, and efforts like this one should help inform the design and development of those.

02 Apr 2020

IRL pivots into virtual event calendar In Remote Life

What do you do if you’re an event discovery startup and suddenly it’s illegal to attend events? You lean into the cultural shift and pivot. Today, $11 million-funded calendar app IRL is morphing from In Real Life to In Remote Life. It will now focus on helping people find, RSVP for, plan, share, and chat about virtual events from livestreamed concerts to esports tournaments to Zoom cocktail parties.

Coronavirus could make IRL relevant to a wider audience because before an event “only mattered if it was around you. But now with In Remote Life, content has no geographical limitations” says IRL co-founder and CEO Abe Shafi. “The need is exponentially greater because everyone’s routines have been shattered.” IRL ranked #138 in US App Store today, making it the top calendar app, even above Google’s (#168).

Robinhood’s Josh Elman joins IRL

IRL has some fresh product development talent to lead it through the transition. The startup has hired stock trading app Robinhood’s VP of Product Josh Elman . The former Greylock investor is well known for his product chops from jobs at Facebook, Twitter, and LinkedIn. Elman joined Robinhood in early 2018 but left late last year, notably before its rash of recent outages that enraged users.

“I just realized more than anything that the company needed people who had 110% to give, and it wasn’t clear that was going to be me” Elman said of Robinhood, now valued at $7.6 billion and struggling to scale. “My first passions and all the things I’ve talked about over the years have been social and media.”

For now, IRL is a part time gig where he’ll be heading up a Secret Projects division. While most apps “try to suck more of our time”, he sees IRL as a chance to give this precious resource back to people. Though he insists “Robinhood’s great I’m a very happy shareholder.

Events without borders

“We were on a tear, hitting a stride with usaging and growth related to real life events” says Shafi. “Then this happened”, motioning on our Zoom call to the COVID-19 reality we’re now stuck in. “We realized we had to pull all of our content because it wasn’t happening.”

Today IRL’s iOS app launches a redesign of its Discover homescreen content to center on virtual events people can attend from home. There’s now tabs for gaming, podcasts, TV, and EDU, as well as music, food, lifestyle, and a catch-all ‘fun’ section. Each event can be added to your calendar that syncs with Google Cal, or Liked to add it to your profile that friends and fans can follow. You can also instantly launch a group chat about the event in IRL, or share it to Instagram Stories or another messaging app.

If you can’t find something public to do, you can make plans with friends using the composer with suggestions like “Let’s video chat”, “Zoom workout”, “gaming sesh”, or “Netflix party”. That instantly sets up a calendar event you can invite people to. And if you’re not sure when you want to host, IRL’s “soon” option lets you keep the schedule vague so you and friends can figure out when everyone’s available. 50% of IRL plans start out as “Soon” Shafi reveals, identifying a gap in rigid time/date calendars.

Beyond individual events, IRL also wants to make it easier to develop habits by letting you subscribe to workout, meditation, and other schedules. With sports seasons suspended, IRL lets people sync with calendars of hip-hop album releases and more instead. Or you can subscribe to an influencer’s life and digitally accompany them to events. The goal is that IRL will be able to merge offline events back into its content recommendations as social distancing subsides.

The biggest challenge for IRL will be tuning its event recommendation algorithm. It’s lost a lot of the traditional relevance signals about events like how close they are to your home, how much they cost, or if they’re even in your city. Transitioning to In Remote Life means a global range of happenings is now available to everyone, and since they’re often free to host, many lonely low-quality events have sprung up. That makes it much tougher for IRL to determine what to show.

For now, it’s basing recommendations on what you engage with most on its homescreen, but I found that can make the initial experience very hit-or-miss. The top events in each category were rarely exciting. But IRL is planning to beef up its onboarding process to ask about your interests, and integrate with Spotify so it knows which musicians’ online concerts you’d want to attend.

Still, Shafi thinks IRL is already better than asocial alternatives. “Our main age range is 13 to 25, college and post-college metropolitan areas and across college campuses. Our average user has never used a calendar before, or they’re just used a default calendar like Gcal or iCal.

A cure for loneliness

Hopefully, IRL will take a more serious swing at helping friends realize they’re free at the same time and can hang out. While Down To Lunch failed in this space, now Facebook Messenger and Instagram are exploring it with their auto-status feature, and location apps like Snap Map and Zenly could adapt to share not just where you are, but if you have the intention to hang out.

“How can we use just a little bit of nudging, transparency or suggestion to get people to just do one more thing per month?” Shafi asks. IRL is trying to figure out how to let you passively share that “I have 2 hours free” in a way that “never makes you feel rejected if they don’t respond.”

Facebook did launch a standalone Events calendar app back in 2016, but later paired down the calendaring features, folded it in with restaurant recommendations and renamed it Local. “As big as Facebook is, it can only do so many things insanely well” Elman says of his old employer. “They could do more [on Events], but it’s never been the juggernaut like photos.”

Shafi is happy to have the opportunity in such a foundational space. He describes the concept of the calendar as one he’s sure will outlive him, so it’s worth the effort to make it social no matter how long it takes — though I’m sure his investors like Goodwater Capital, Founders Fund, Kleiner Perkins, and Floodgate hope it’ll find a way to monetize eventually.

Revenue could come in the form of selling access to events through the app, or letting promoters and local businesses pay for enhanced discovery. For now, though, IRL is building a deeper connection with event and content publishers with the upcoming launch of its free Add To Calendar button they can build into their sites and emails. Elman says several services charge for these buttons that integrate with Apple and Google’s calendars, but IRL hopes giving them away will help fill its app with things to do, whatever that might be.

“Our tagline is ‘live your best life’. It’s not judgmental. If your best life is playing video games on your couch with your homies, we don’t judge you for that.”

02 Apr 2020

Modsy confirms layoffs, 10 months after announcing its $37M Series C

Modsy, an e-commerce company that creates 3D renderings of customized rooms, has confirmed to TechCrunch that it laid off a number of staff. In addition, several of its executives, including CEO Shanna Tellerman, will take a 25% pay cut. TechCrunch first heard about the layoffs from a source. The company’s confirmation of cuts comes amid a wave of layoffs in the technology and startup communities

In a statement from the CEO Shanna Tellerman to TechCrunch, Modsy said that “[i]n an effort to maintain a sustainable business during these unprecedented circumstances, we made a round of necessary layoffs and ended a number of designer contracts this week.” The company reaffirmed belief in its “long-term growth plans” in the same statement.

Modsy did not immediately respond when asked about how many individuals were impacted by this layoff. Update: The company declined to share the number of employees impacted.

The startup is backed by investors including TCV, Comcast Ventures, Norwest Venture Partners, GV, BBG Ventures, according to Crunchbase data. It has raised $70.8 million in known capital to date. 

Modsy bets on individuals looking to glam up their homes by better visualizing the new furniture they want to buy. Users can enter the measurements of their living room and add budget and style preferences, and Modsy will help them with custom designs and finding furniture that fits — literally.

The layoffs show that customer appetite might be changing. Last week, home improvement platform Houzz confirmed that it has scratched plans to create in-house furniture for sale. It also laid off 10 people across three locations: the U.K., Germany and China. Houzz is comparatively larger than Modsy, with a roughly $4 billion valuation. But scratching its in-house plan that would have likely brought in more capital is yet another data point in how e-commerce companies are struggling right now to get consumers to spend on items other than beans, booze and bread starters.

In retrospect there were rumblings that the company was cutting staff. A number of recent reviews from its Glassdoor page note layoffs, with one review from March 25, 2020 calling them “mass” in nature; our original source on the company’s recent cuts also noted their breadth.

You can find other social media posts concerning the company’s layoffs, some noting more than one wave. TechCrunch has not confirmed if the recent layoffs are the first of two, or merely the first set of cuts. 

A little over 10 months ago the company was in a very different mood. Back in May of 2019, flush with new capital, Modsy’s CEO said that the “home design space, the inspiration category is thriving.” 

Pinterest just IPO’d, and it seems as if every TV channel is entering the home design category,” she said. “Meanwhile, e-commerce sites have barely changed since the introduction of the Internet.”

02 Apr 2020

Lending startups are angling for new business from the COVID-19 bailout

As the largest federal stimulus package in the history of the United States, the Coronavirus Aid, Relief and Economic Security Act, injects a planned $2.2 trillion into the U.S. economy, fintech startups are angling to get a seat at the table when it comes to distributing the cash.

“In the last crisis, banks stepped away from the kinds of lending that our members do,” says Scott Stewart, the head of the Innovative Lending Platform Association. “The bank process [for lending] is quite lengthy. Our members are underwriting loans using algorithms at speed and scale.”

Under the CARES Act, roughly $450 billion in loans are set to be distributed through the Small Business Administration and other entities. While Congress is still working out the details, fintech companies are thinking that they should — and will — have a role to play getting stimulus money into the hands of entrepreneurs.

“The Treasury Department and the SBA have the authority and have been instructed in the legislation to allow us into the room,” says Stewart. “We will have to go through some sort of process to become qualified non-bank lenders.”

The argument for handing some of the responsibility for distributing the stimulus dollars to startups to disburse comes from the ability of these companies to approve loans faster than typical banks.

02 Apr 2020

NASA and SpaceX add some retro flare to the Falcon 9 rocket flying the first crewed Dragon launch

NASA and SpaceX are moving ahead full-steam with the Demo-2 launch of SpaceX’s Crew Dragon spacecraft – the first launch to carry astronauts to space aboard a private launch vehicle from American soil. The Falcon 9 rocket that will propel the Crew Dragon to space will include a NASA logo that has been – technically – required from active duty since 1992.

The 1970s-era “worm” logo is a take on NASA branding that has, for more than 20 years now, been relegated to souvenir status. You’ve probably seen it adorning caps, sweatshirts, stickers and other swag, but it hasn’t graced an official NASA spacecraft since its retirement from use. The NASA “meatball” logo that the agency does use on in-space assets today actually predates the “worm” and was developed in the late 1950s – but the latter’s tubular simplicity still has a more “retro” feel.

That vibe returns to active use with the SpaceX Demo-2 mission, which is currently set for launch sometime in early-to-mid May, and which will carry NASA astronauts Doug Hurley and Bob Behnken to space, and to the International Space Station, for the final step in certifying Crew Dragon for regular use in operational astronaut transportation missions.

KENNEDY SPACE CENTER, FL – AUGUST 10: NASA’s “meatball” logo displayed on the vehicle assembly building at Kennedy Space Center. (Photo by Jonathan Newton / The Washington Post)

NASA shared an image of the red “worm” logo emblazoned on the side of the Falcon 9 rocket currently being readied for that mission in Florida, and the agency also said that it’s likely not the last time you’ll see it in official, active mission use. Don’t worry, fans of the meatball classic: The agency says that one’s still its primary symbol, even if the worm has poked its head out of the ground.

02 Apr 2020

Daily Crunch: Amazon announces new warehouse safety steps

Amazon says it will start taking additional steps to ensure the safety of its warehouse workers, SoftBank backs out of its latest WeWork investment and Zoom tries to fix its security issues. Here’s your Daily Crunch for April 2, 2020.

1. Amazon begins running temperature checks and will provide surgical masks at warehouses

Amazon has already taken some precautions, including mandatory paid 14-day quarantines for employees who test positive, as well as increased cleaning and sanitization efforts of families and infrastructure. The new measures to be introduced next week include taking temperatures of employees at the entrances to warehouses, with any individuals wth a fever of more than 100.4 degrees Fahrenheit to be sent home, where they’ll have to have three consecutive days without fever to return to work.

There have been a number of employee actions in response to Amazon’s handling of the coronavirus crisis, including a walkout at the company’s Staten Island warehouse.

2. SoftBank terminates $3B tender offer for WeWork shares

SoftBank was already rumored to be getting cold feet when the Wall Street Journal reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders.

3. Zoom freezes feature development to fix security and privacy issues

Zoom has been widely criticized over the past couple of weeks for terrible security, a poorly designed screensharing feature, misleading dark patterns, fake end-to-end-encryption claims and an incomplete privacy policy. So the company says that for the next 90 days it’s enacting a feature freeze, which means it won’t ship any new feature until it is done fixing the current feature set. Zoom will also work with third-party experts and prepare a transparency report.

4. Luckin Coffee’s board initiates investigation into $300M potential fraud

In a filing with the SEC, the company’s board announced that it has initiated an internal investigation into the activities of its former COO Jian Liu, who may have inflated revenues by the company by an early estimate of more than $300 million (RMB2.2 billion).

5. How 6 top VCs are adapting to the new uncertainty

If you read VC Twitter, you might think that nothing has changed at all. It’s not hard to find investors who say they are still cutting checks and doing deals. But as Q1 venture data trickles in, it appears that VC activity is gradually slowing down. (Extra Crunch membership required.)

6. In a significant change, Apple customers can now buy or rent titles directly in the Prime Video app

For years, Amazon has prevented users from directly purchasing movies and TV shows from the Prime Video app on Apple devices as a way to avoid platform fees. A recent update changes that.

7. Air Doctor scores $7.8M to connect travellers with local doctors

Founded in 2016, Air Doctor aims to empower travellers who get sick when abroad and need non-emergency advice or treatment. It has created a network of local private physicians that travellers can access, typically via travel insurance or perks.

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.

02 Apr 2020

Google Cloud launches a managed Memcached service

Google today announced the beta of Memorystore for Memcached, a new service that provides a fully managed in-memory datastore that is compatible with the open-source Memcached protocol. It will join Redis in the Memorystore family, which first launched in 2018.

As Gopal Ashok, Google’s product manager for Memorystore notes in today’s announcement, Redis remains a popular choice for use cases like session stores, gaming leaderboard, stream analytics, threat detection and API rate limiting, while Memcached is typically used as a caching layer for databases. Developers also regularly use Memcached as a session store and with this new service, developers can scale their clusters up to 5TB of memory per instance.

Since the service is fully compatible with Memcached, developers should be able to take any of their applications that use the protocol and migrate them over to Google Cloud and its Memorystore platform. As a fully managed service, Google will handle all of the routine tasks like monitoring and patching. Figuring out the right size of a cache remains a bit of an art, though, but Google Cloud argues that its detailed metrics will allow developers to easily scale their instances up and down as needed to optimize the service for their specific use cases. Those metrics, the company notes, are exposed in Cloud Monitoring, Google Cloud’s centralized monitoring dashboard, and the Cloud Console.

Currently, Memorystore for Memcached can be used for applications that run on Compute Engine, Google Kubernetes Engine (GKE), App Engine Flex, App Engine Standard and Cloud Functions.

It’s worth noting that Amazon, with ElastiCache for Memcached, and specialized startups like MemCachier. And Redis Labs, too, is offering a fully managed Memcached service that can run on AWS, Azure and Google Cloud.