Category: UNCATEGORIZED

28 Oct 2019

Google reportedly in talks to acquire Fitbit

According to Reuters, Google parent Alphabet is looking to acquire publicly traded wearables company Fitbit.

Reuters says the deal is still being negotiated and could still fall apart, but if it came together, it would surely strengthen Google’s position in the wearables space, an area where it has struggled despite its efforts around smartwatches and Wear OS.

With Wear OS, Google only focused on the smartwatch market, though, and while many of these devices have fitness tracking built-in, either through third-party apps or Google’s own Fit app, there’s still a large market for dedicated (and cheaper) fitness trackers. Fitbit, meanwhile, has been stepping up its smartwatch features with its Versa line, which does not use Wear OS.

Acquiring Fitbit would also fit into Google’s overall hardware strategy, now that it is building its own phones and other devices. In early 2018, it also closed its acquisition of large parts of HTC’s design division. We’ve also seen numerous rumors about Google building a Pixel smartwatch over the years. So far, it has not released its own first-party watch, though.

Fitbits’ stock shot up almost 30 percent after the first rumors surfaced. In recent months, the company’s stock often traded below $3, down from close to $48 shortly after its IPO in 2015. Today, after the announcement, it went up to around $5.20.

28 Oct 2019

Google reportedly in talks to acquire Fitbit

According to Reuters, Google parent Alphabet is looking to acquire publicly traded wearables company Fitbit.

Reuters says the deal is still being negotiated and could still fall apart, but if it came together, it would surely strengthen Google’s position in the wearables space, an area where it has struggled despite its efforts around smartwatches and Wear OS.

With Wear OS, Google only focused on the smartwatch market, though, and while many of these devices have fitness tracking built-in, either through third-party apps or Google’s own Fit app, there’s still a large market for dedicated (and cheaper) fitness trackers. Fitbit, meanwhile, has been stepping up its smartwatch features with its Versa line, which does not use Wear OS.

Acquiring Fitbit would also fit into Google’s overall hardware strategy, now that it is building its own phones and other devices. In early 2018, it also closed its acquisition of large parts of HTC’s design division. We’ve also seen numerous rumors about Google building a Pixel smartwatch over the years. So far, it has not released its own first-party watch, though.

Fitbits’ stock shot up almost 30 percent after the first rumors surfaced. In recent months, the company’s stock often traded below $3, down from close to $48 shortly after its IPO in 2015. Today, after the announcement, it went up to around $5.20.

28 Oct 2019

Apple announces AirPods Pro with noise cancellation

Apple just announced a new device today, the AirPods Pro. The company issued a press release to announce the new device. As the name suggests, the AirPods Pro are wireless earbuds with additional features compared to the AirPods.

In particular, the AirPods Pro features active noise cancellation — this feature is particularly popular in headphones designed for airplanes, such as the Bose 700 and Sony WH-1000XM3.

Apple has integrated two microphones in each earbud to listen to background noise and actively cancel sound around you. The company has also integrated adaptive EQ to tune the low- and mid-fequencies in real time depending on the shape of your ears.

You can switch between active noice cancellation and something called Transparency mode in order to block background noise or let background noise go through your earbuds.

Apple AirPods Pro Expanded 102819

The design of the AirPods Pro is slightly different from the AirPods. They look like in-ear earbuds with flexible silicone ear tips. You’ll be able to swap those ear tips as there are three different sizes in the box. The AirPods Pro are also sweat and water resistant.

Behind the scene, the AirPods Pro work with an Apple-designed chip called the H1. This chip handles everything from real-time noise cancelation, audio processing, and the ability to respond to “Hey Siri” requests.

Apple says that you can expect the same battery life that you’d get with regular AirPods — four and half hours of listening time with active noise cancellation and up to 24 hours of listening time with the charging case.

The charging case also looks slightly different. It features a Lightning port and wireless charging.

The AirPods Pro will be available for $249 starting on October 30. You can order them on Apple’s website starting today. Regular AirPods remain available for the same price of $159 to $199, depending on whether you get the wireless charging case.

Apple AirPods Pro iPhone11 Pro 102819

28 Oct 2019

Here’s what the Uber Eats delivery drone looks like

Uber has unveiled more details about its plans for Eats delivery via drones. If all goes according to Uber’s plan, it will start flying its first drone model before the end of the year.

Uber’s design, which it unveiled at the Forbes 30 under 30 Summit today, is made to carry up to one meal for two people. Featuring rotating wings with six rotors, the vehicle can vertically take-off and land, and travel a maximum of eight minutes, including loading and unloading. The total flight range is 18 miles, with a round trip delivery range of 12 miles.

As Uber previously said, the plan is not to use the drones for full delivery, but rather a portion of it. Once a customer orders food, the restaurant will prepare the meal and then load it onto a drone. That drone will then take off, fly and land at a pre-determined drop-off location.

Behind the scenes, Uber’s Elevate Cloud Systems will track and guide the drone, as well as notify an Eats delivery driver when and where to pick up their food. Down the road, Uber envisions landing the drones on top of parked Uber vehicles located near the delivery locations. From there, the Eats delivery driver will complete the last mile to hand-deliver the food to the customer.

Beginning next summer, Uber wants to use this drone for meal deliveries in San Diego. That would come after Uber first tests deliveries in partnership with drone operators and manufacturers.

28 Oct 2019

Porsche pilots online vehicle sales in the U.S. and Germany

Porsche will begin selling its vehicles online in the U.S. for the first time, the company announced on Monday. To begin with, the company is proceeding with a pilot program that will be offered with 25 of its U.S.-based dealer partners, but the automaker says it could expand to cover the U.S. market more broadly across a larger group of the 191 independent Porsche dealers that currently operate in the U.S.

The pilot project will let Porsche buyers pick out and submit an order for both new and used in-stock vehicles, but the process isn’t entirely online – buyers will still have to show up at a dealership to sign the final paperwork, and to take delivery of their new car. All the heavy lifting is handled online, however, including things like financing and payment calculators, as well as credit approvals and any insurance options that a buyer chooses to append to their purchase.

U.S. online shoppers will be able to do all of this through new sections integrated into the websites of the dealers participating into the program. Meanwhile, at the same time in Germany, Porsche is introducing online vehicle sales centralized through their own ‘www.porsche.de’ website, which itself is a pilot designed to test the waters for a broader European roll-out.

Online auto sales are not new, but they still aren’t really a widespread thing in most markets, especially in the U.S. where the existing independent dealership system persists. Tesla leaned heavily into online vehicle sales, however, due in part to its unwillingness to work with independent dealer partners, and to the inflexibility of state laws that protect that system. The automaker’s investment in automotive ecommerce has clearly inspired others to follow suit, however, and I don’t expect Porsche will be the last to dip its toes in these waters.

28 Oct 2019

Morpheus Space’s modular, scalable satellite propulsion could be a game-changer for orbital industry

Building effective propulsion systems for satellites has traditionally been a highly bespoke affair, with expensive, one-off systems tailor-made to big, expensive spacecraft hardware. But increasingly, companies including startups are looking at ways to provide propulsion tech that can scale with the projected boom in demand for orbital satellites, including cube sats and small sats, as the commercialization of space and advances in sensor, communication and launch technology broaden the scope of those working in this bold new frontier.

Morpheus Space, which began life as a research project at the University of Western Germany, has accomplished a lot when it comes to propulsion in the short time since its official founding around a year and a half ago. The Dresden-based startup already has sent some of its thrusters to space where they’re actually providing propulsion, and it’s working with a number of clients and potential clients including NASA’s Jet Propulsion Laboratory. The startup also just wrapped up its participation in Techstars’ inaugural Starburst Space Program in LA.

“Our motivation behind starting Morpheus Sapce was the lack of maneuverability of, especially small satellites in space,” explained Morpheus CEO and co-founder Daniel Bock, who I spoke to at last week’s International Astronautical Congress in Washington, D.C. “We have around 2,000active satellites in space, and in the next few years this will increase by 10x. We have to deal with that. So the first step in how we want to solve that is with our proportion systems, to give mobility to small satellites.”

The startup has seen a ton of inbound interest, and has even had conversations with the CTO of NASA and the CEO of Aerospace Corporation based on the strength of its technology. But what’s so special about what they’re doing, vs. what has already been available for satellite propulsion? Put simply, “it’s the world’s smallest and most efficient propulsion system,” according to Morpheus Space co-founder István Lőrincz.

NanoFEEP V2 SingelUnit Assembly V1.0 transparent Unschärfe

A single Morpheus NanoFEEP thruster propulsion system.

Morpheus’ thruster uses gallium as its fuel source, which allows it to be very efficient, with an operating linespace of up to three or more years – non-stop, Lőrincz told me. When you factor in the low cost of these thrusters vs. other solutions, and the ability to make them incredibly small (one thruster, along with electronics, is not that much larger than your average USB charger), you get a product that’s tailor made for the cost-sensitive emerging new space industry. Ensuring the mass of these thrusters is small pays off big dividends when it comes to thinking about launch costs, and the fact that these are ‘LEGO-like’ in their modularity means they can suit a variety of different clients’ needs.

“You can build propulsion systems for satellites that are below one kilogram, up to those the size of trucks, just by creating arrays,” Lőrincz says.

3U Satellite Rendering MF transparent

An example of a Morpheus multi-thruster array used in a 3U-sized small satellite.

Size is important, but so is scalability, and that’s another strength that the Morpheus thrusters bring to the market. Lőrincz told me that their technology allows you quickly and easily build a large batch of the thrusters, instead of having to tailor-make your propulsion system to fit the satellite, which provides big benefits in terms of manufacturing and design costs – which Morpheus can then pass on to its customers, opening up the possibility of including true orbital maneuvering capabilities to a whole new, much more price-sensitive segment of the market.

Next up for Morpheus Space, after it gets its hardware business fully up and running, is to develop and deploy software that complements its thrusters and can offer clients things like fully automated route planning and navigation, Bock told me.

“For example, you can imagine you just have to command ‘Okay I want to go from A to B,’ and everything is handled on board,” he said. So when and how you turn, all the routing. And the next step will be an automated way of handling whole constellations.”

It’s a big goal, but there’s a big potential pay-off. More and more companies are getting into the constellation game, including SpaceX and Amazon, and there’s a lot more to come on that front as companies build out new use cases for collecting and making use of data gathered from orbit. Orbital traffic management and collision avoidance is one reason big industry groups like the Space Safety Coalition are being formed, and anyone who can help supply players at all budget levels of the industry with a solution stands to benefit.

28 Oct 2019

IDnow pulls in $40M growth equity for its identity verification platform

Identity Verification-as-a-Service (“IVAAS”?!) is a pretty tortuous phrase. But it’s now established as key tech area for the tech industry as startups like Onfido, Jumio and others have proved with large funding raises in the last few years. Verifying ID is now also a key part of the gig-economy.

Joining them today is a German startup which first emerged in 2014. It’s announced a $40 million growth equity investment from Corsair Capital LLC, a private equity firm focused on the financial and business services industries.

IDnow lets consumers verify their identity online, using their smartphone, tablet or webcam via image recognition of their ID document.

Andreas Bodczek, CEO of IDnow, commented: “IDnow is well-positioned to capture greater market share in Europe and beyond, as we continue to lead the way in the growing digital identity verification space.”

Raja Hadji-Touma, Partner at Corsair Capital, said: “Our investment is the result of a thematic focus on businesses that address new requirements arising from the digitalization of many financial transactions and processes, such as security. ”

Following the closing of the transaction, Raja Hadji-Touma and Edward Wertheim, Principal at Corsair, will join the IDnow board of directors.

IDnow was the first startup to come out of JET A, the holding company set up by the former founder of Amiando, Felix Haas, (who is also co-founder and executive chairman) and his amiando co-founders, Sebastian Baerhold, Dennis von Ferenczy and Armin Bauer.

28 Oct 2019

American Cancer Society’s online store infected with credit card stealing malware

The American Cancer Society’s online store has become the latest victim of credit card stealing malware.

Security researcher Willem de Groot found the malware on the organization’s store website, buried in obfuscated code designed to look like legitimate analytics code. The code was designed to scrape credit card payments from the page, like similar attacks targeting British Airways, Ticketmaster, AeroGarden, and Newegg.

The attackers, known as Magecart, use their stolen credit card numbers to sell on the dark web or use the numbers for committing fraud.

de Groot said in a blog post explaining the breach, shared exclusively with TechCrunch, that the code was designed to send collected credit card numbers to a third-party server, operated by the attacker. The code was malformed, leading to it being inserted twice. When the malicious code was decoded, it revealed the web address of the the hacker’s third-party server.

acs magecart

The card skimming malware on the American Cancer Society’s store’s website. (Image: TechCrunch)

Trend Micro said the domain is known to be used by Magecart. The domain is registered in Moscow, but the website itself loads nothing more than a decoy page.

The code was injected into the online store at some point late last week. de Groot informed the organization of the incident as soon as he found the code on Thursday by calling its anti-fraud hotline, but the code was not immediately removed. After we reached out Friday, the code was no longer present.

American Cancer Society spokesperson Kathi Dinicola did not return requests for comment.

It’s not known how many users were affected, but anyone who entered information through the American Cancer Society late last week should contact their payments provider.

28 Oct 2019

All-electric Mini Cooper SE priced starting at $29,900 in the U.S.

The new all-electric Mini Cooper SE, the first Mini designed from the ground up as an electric car, is going to retail in the U.S. starting at $29,900 (plus an $850 Destination and Handling fee) – before any tax incentives are applied. That puts final pricing as low as around $17,900 when you consider cereal and state tax incentives, plus additional benefits that EV owners gain in certain states including access to lanes typically reserved for high-occupancy vehicles.

BMW Group-owned Mini unveiled the Mini Cooper SE back in July, marking the company’s first former into the purely electric category. The car provides between 146 and 168 miles of range, which is not on par with vehicles like the Tesla Model 3 obviously, but which provides a decent amount of range for in and around-city commuting, at a price point that’s quite a bit under what Tesla’s sedan can match even with incentives.

The Cooper SE can manage a 0-60 mph time of 6.9 seconds, which will probably feel plenty fast and fun, too. At the base price, it’s pretty well-appointed, too, with a 6.5-inch in-dash display and Apple Careplay compatibility, heated front seats, cruise control, auto wipers and headlights, up to 50kW DC-based fast charging and more.

P90357227 highRes the new mini cooper

With home charging at up to 7.4 kW, the car can go from empty to full in as few as four hours, but that fast-charging at compatible charging stations will net you as much as 80% charge in as few as 35 minutes for when you’re on the road. If this sounds like a good mix, you’ll be able to start buying the Mini Cooper SE in the U.S. as soon as March 2020.

28 Oct 2019

Less than 2 weeks left for early bird savings to Disrupt Berlin 2019

Entrepreneurs, founders, investors and all startup fans in between — take heed. The days for saving serious dough on tickets to Disrupt Berlin 2019 are seriously numbered. Right now, early bird pricing starts at €445 + VAT and, depending on the type of pass you purchase, you can save up to €500.

But this bird takes flight for parts unknown on 8 November at 11:59 p.m. (CEST). Get serious, beat the deadline and save. Buy your early bird pass to Disrupt Berlin.

Now that you have your pass, you can start planning how to take in as much of Disrupt Berlin as possible. Two programming-packed days will keep you engaged and on the move — check out the agenda to find out all the knowledge that will be dropped. They’ve done the work, reaped the rewards, and they’ll be on hand to share their hard-won experiences and insight on crucial topics facing startups.

Speaking of crucial topics, Brexit is the 800-pound gorilla in the room. We’re thrilled to have three experts take the Main Stage to share their up-close-and-personal experiences. Don’t miss hearing from Bindi Karia, an investor with deep ties to Europe; Glenn Shoosmith, a founder who’s expanding his startup internationally; and Volker Hirsch, a VC born in Germany but currently living in the U.K. All three will examine the Brexit landscape and discuss how to make the right decisions in the face of chaotic obstacles.

Be sure to experience the glory that is Startup Battlefield. Cheer on 15-20 outstanding startups as they pitch and demo their creation to a discerning panel of veteran VCs and technologists. Who will claim the Disrupt cup and win the $50,000 prize? Be in the room where future unicorns are born.

One of the best ways to save time at Disrupt — and connect with the people who share your interests and goals — is to network using CrunchMatch. Our free business match-making service takes the hassle out of finding and meeting with the right people.

And one of the best places to connect is Startup Alley, our exhibition floor. That’s where you’ll find hundreds of early-stage startups displaying their tech and talent. Whether you’re a founder, investor, an engineer or a startupper of different stripe, you’ll find potential customers, funders, collaborators — you name it. Startup Alley is a networker’s paradise.

There’s plenty more we could mention in detail: The Hackathon, Q&A Sessions, workshops. Bottom line? You’ll find nothing but opportunity at Disrupt Berlin 2019 on 11-12 December. But it’s time to get serious. Buy your early bird pass before 8 November at 11:59 p.m. (CEST), and all that opportunity will cost you a whole lot less.

Is your company interested in sponsoring or exhibiting at Disrupt Berlin 2019? Contact our sponsorship sales team by filling out this form.