Category: UNCATEGORIZED

17 Jul 2019

Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC

Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid. This round pushes Turn into Unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad.

This late round of funding brings the company’s total to nearly $450 million, raised across multiple rounds since its founding as Relay Rides in 2009. The company plans to use the investment to fuel its growth, further refine the customer experience aspect of its product and generally support its overall mission of increasing utilization rates for the over one billion cars currently estimated to be on the road around the world today.

IAC makes sense as a strategic partner for Turo because of its proven track record of helping companies scale to “household name” recognition status, Haddad said in a blog post. The company now has almost 400,000 vehicles available on the platform, with over 10 million users across both those listing their cars and those renting. Turo says its growth rate overall has been at around 2x over the past two years, and at 8x in its bourgeoning international markets, including the UK and Germany (where it took over Daimler’s car-sharing business alongside a strategic investment deal and officially launched last year).

17 Jul 2019

Dust Identity secures $10M Series A to identify objects with diamond dust

The idea behind Dust Identity was originally born in an MIT lab where students developed a system of uniquely identifying objects using diamond dust. Since then, the startup has been working to create a commercial application for the advanced technology, and today it announced a $10 million Series A round led by Kleiner Perkins, which also led its $2.3 million seed round last year.

Airbus Ventures and Lockheed Martin Ventures, New Science Ventures, Angular Ventures and Castle Island Ventures also participated in the round. Today’s investment brings the total raised to $12.3 million.

The company has an unusual idea of applying a thin layer of diamond dust to an object with the goal of proving that object has not been tampered with. While using diamond dust may sound expensive, the company told TechCrunch last year at the time of its seed round funding that it uses low-cost industrial diamond waste, rather than the expensive variety you find in jewelry stores.

As CEO and co-founder Ophir Gaathon told TechCrunch last year, “Once the diamonds fall on the surface of a polymer epoxy, and that polymer cures, the diamonds are fixed in their position, fixed in their orientation, and it’s actually the orientation of those diamonds that we developed a technology that allows us to read those angles very quickly.”

Ilya Fushman, who is leading the investment for Kleiner, says the company is offering a unique approach to identity and security for objects. “At a time when there is a growing trust gap between manufacturers and suppliers, Dust Identity’s diamond particle tag provides a better solution for product authentication and supply chain security than existing technologies,” he said in a statement.

The presence of strategic investors Airbus and Lockheed Martin shows that big industrial companies see a need for advanced technology like this in the supply chain. It’s worth noting that the company partnered with enterprise computing giant SAP last year to provide a blockchain interface for physical objects, where they store the Dust Identity identifier on the blockchain. Although, the startup has a relationship with SAP, it remains blockchain agnostic, according to a company spokesperson.

While it’s still early days for the company, it has attracted the attention from a broad range of investors and intends to use the funding to continue building and expanding the product in the coming year. To this point, it has implemented pilot programs and early deployments across a range of industries including automotive, luxury goods, cosmetics and oil, gas and utilities

17 Jul 2019

Google’s Area 120 launches Byteboard to improve technical interviews

Area 120, Google’s lab for experimental projects, is launching Byteboard today, a new tool that aims to make the technical interview experience less tedious and more effective. The team argues that today’s interview process for software engineers just doesn’t cut it since it doesn’t really measure how well somebody would do in a day-to-day engineering job. Instead, it does a good job of figuring out how well somebody can remember material from an advanced algorithm class and then repeat that in a whiteboard session.

“Between day jobs and family responsibilities, the current technical interview process is anxiety-inducing and burdensome for candidates — benefiting those who have the time and resources to prepare, while creating a barrier for those who do not,” said Sargun Kaur, the General Manager for Byteboard. “So despite companies investing 7 to 9 hours per person on interviewing, they miss out on great, capable talent by testing for memorization instead of practical application of skills.”

byteboard interview technical spec exercise

Byteboard replaces this old-fashioned process with an identity-blind, project-based evaluation process that highlights real-world skills that will be used on the job. To do this, Byteboard presents the interviewees with a real-world coding environment, for example, and candidates can choose between their own coding environment or Byteboard’s embedded web editor. Supported languages include Java, Python, Ruby, C++, C# JavaScript (node.js) and Go.

Employees can customize what domains they want candidates to work on, Kaur said. To do this, the team works with each employer to understand what they are looking for.

It’s worth noting that Google isn’t the first to do this, though this project does fit in well with the company’s recent focus on job search tools. HackerRank and others already offer employers similar tools for evaluating candidates. Kaur argues that Byteboard is different, though.

byteboard interview coding exercise

“Most other technical interview platforms focus on digitizing the traditional approach to technical interviews, which primarily tests for understanding of overly theoretical concepts,” he told me. “This still unfairly benefits those who have the time and resources to prepare for these interviews that over-index on algorithms and data structures and doesn’t allow companies to accurately assess how likely a candidate is to succeed in their job. The Byteboard interview is designed to simulate what engineers actually do on the job, asking candidates to work on a project from its design to implementation.”

The results are then assessed by a group of highly experienced engineers who have been trained to review each interview — after it has been anonymized — and rate it according to a set of rubrics that evaluate about 20 software engineering skills.

Google stresses that the evaluation process is anonymous, which will hopefully take most of the bias out of at least the early interview process.

The team also notes that some companies that have already tested the service have been able to replace all of their pre-onsite interviews with Byteboard interviews. Betterment, for example, has used it to interview over 50 engineering candidates and found that 86 percent of the candidates that made it through the process were “strong candidates.”

17 Jul 2019

Uber riders now earn rewards for shopping during their trip with new Cargo app

Uber is launching a new shopping app with commerce partner Cargo, a startup it signed an exclusive global partnership with last year. The app will feature items curated by Uber including products like Nintendo Switch, Apple hardware, Away luggage, Glossier cosmetics and more, and will be available to download for Uber riders making trips in cars that have Cargo consoles on board. The Cargo app will also provide in-ride entertainment, including movies from Universal Studios available to purchase for between $5 and $10 each (with bundle discounts for multiple movies), which are then viewable in the Movies Anywhere app.

Uber riders will also benefit by receiving 10 percent of their purchase value back in Uber Cash, which they can then use either on future trips, or on other purchases made through the Cargo app while riding. Uber drivers also benefit, earning 25 percent of the value of items purchased from the Cargo Box in-car, and an additional $1 for each first purchase by a passenger through the new app.

Riders just need to grab the iOS or Android app and then scan the QR code located on the Cargo Box in their driver’s car. Cargo’s app only allows purchases while on the trip, and then the item will be automatically shipped to a rider’s home address for free with an estimated delivery time of between two and five business days.

Cargo App Home Screen

This tie-up is a natural evolution for Uber’s business – the company hosts millions of riders every week, and many of those are taking relatively long trips to and from airports and other transit hubs, which provides ample opportunity to get them buying stuff or watching purchased content. Cargo, in which Uber has some equity stake, has a good opportunity to figure out how best to make the most of those trips.

This is hardly without precedent – airlines have attempted to capture consumer interest in the skies with onboard duty-free and other sales, as well as content for purchase. The big question will be whether Uber and Cargo together can provide enough additional purchase incentive vs. riders just opening the Amazon app or whatever other commerce options they have available on their own personal devices to make it a sustainable extension of their business.

17 Jul 2019

Amazon amends seller terms worldwide after German antitrust action

Amazon has agreed to make a raft of changes to the business terms it offers sellers on its marketplaces following an intervention by Germany’s Federal Cartel Office (FCO).

The regulator instigated an investigation in November last year after receiving a large number of complaints from sellers pertaining to Amazon’s German marketplace, amazon.de: The largest of the company’s five European marketplaces.

Among the changes the ecommerce giant has agreed to make are amendments to its liability provisions towards sellers to bring it into line with European standards for b2b relations, and changes to account termination and blocking to remove its unlimited right to do so without justification — meaning ordinary account terminations will in future require 30 days notice.

In a statement, Amazon said:

We are making several changes to the Amazon Services Business Solutions Agreement to clarify selling partner rights and responsibilities. The changes will become effective August 16th. 58% of the physical gross merchandise sales on Amazon are from third-party sellers, and we’ll continue working hard, investing heavily, and inventing new tools and services to help our selling partners around the world reach new customers and grow their business.

The company has also agreed to remove exclusivity of court of jurisdiction, meaning European sellers with a dispute against it may not only be able to instigate legal proceedings in Luxembourg but could, under certain conditions, be able to take it to a domestic court in future.

Other changes include reductions to confidentiality requirements Amazon has used to bind what sellers can say about it in public; product information rights and quality requirements; and over product reviews and seller ratings.

The new business terms, which will come into effect in 30 days times, will apply not just to all Amazon’s European marketplaces but also to its marketplaces worldwide, including in North American and Asia.

In a press release detailing what the FCO bills as the “far-reaching improvements” it has obtained in Amazon’s terms for sellers, it confirms the amendments conclude its proceedings against the company.

“The amendments address the numerous complaints about Amazon that the [FCO] received from sellers,” said president, Andreas Mundt, in a statement. “They concern the unilateral exclusion of liability to Amazon’s benefit, the termination and blocking of sellers’ accounts, the court of jurisdiction in case of a dispute, the handling of product information and many other issues.

“With our proceedings we have obtained far-reaching improvements for sellers active on Amazon marketplaces worldwide. The proceedings are now terminated.”

Also today Reuters reports that Austria’s regulator has also dropped a separate competition investigation of Amazon’s business as a result of the amended business terms.

Despite settling probes by EU Member States, Amazon is still facing antitrust scrutiny in the region, with the European Commission today announcing a formal investigation of how it handles merchant data.

The pan-EU competition regulator has the power to levy major fines if it determines the bloc’s rules have been broken, as well as to order a cessation of any infringing behavior — backed by the threat of additional fines for continued violation.

The FCO notes it refrained from placing further requirements on Amazon regarding the rules for product reviews in today’s settlement in light of this ongoing Commission inquiry, as well as in view of a current sector inquiry it’s conducting into online user reviews. So there could be further changes to Amazon’s terms coming down the pipe as a result of ongoing investigations. 

New EU rules intended to regulate the fairness and transparency of online platform businesses are also looming — and likely concentrating minds at Bezos HQ — having been agreed by EU institutions earlier this year.

The platform regulation will likely come into force across Europe before the end of next year.

17 Jul 2019

DJI introduces a Ronin stabilizer for mirrorless cameras

The camera stabilizer has been an interesting piece of DJI’s product play. A kind of offshoot of the company’s advanced drone-based imaging systems, the Ronin line has allowed it to appeal to photographers and videographers of the terrestrial variety. And as with its drone line, the accessories have grown at an impressive rate, becoming one of the key de facto choices for professional filmmakers.

The Ronin-SC, finds DJI branching out further, with an offering designed for novices looking to up their shooting game. The product sits somewhere between the line’s high end SLR models and entry level products like the smartphone-friendly Osmo Mobile and Pocket.

IMG 0121

The device targets mirrorless camera owners — a no-brainer as the most rapidly growing category in the consumer imaging space. Designed for smaller cameras, the stabilizer itself is also smaller and lighter. It’s cheaper, too, starting at $439 for the standalone device. In spite of this, the gimbal is actually more capable than the higher-end Ronins, incorporating a number of smarts developed for drones like the Mavic line.

We happened to be at the company’s Shenzhen office this week, ahead of the launch and were able to take the product for a spin in person. As with most of DJI’s other offerings, we were pretty impressed with what the product can do. Among the more compelling on-board features is the addition of Force Mobile. A consumer-focused version of the Force Pro, the feature syncs mobile phone movements up to the gimbal.

Users can mount a smartphone on a tripod or more it manual and the Ronin will move accordingly. The feature works up to 82 feet away, so a second user can control the direction of the lens while the first moves around the camera. Users can also change the direction of a stationary Ronin seated on a desktop.

IMG 0131

Active Track 3.0 has been borrowed from the drone line, as well. Here a deep learning algorithm helps the device track subjects. The addition brings some of the ease of user from DJI’s Mavic line to the product for easier one person shots. A DJI rep also demonstrated the ease with with the shooter can walk forward, camera facing behind them, with losing the subject in the process. Other app-connected features borrowed from the drone line include Motionlapse, Time-lapse and Panorama.

The hardware itself is essentially a scaled down version of previous Ronins, with features designed from single-handed use. The Ronin-SC is available starting today for $439 or $539 for a more deluxe version that brings additional pro features like an external focus motor and a Remote Start Stop splitter.

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17 Jul 2019

Snyk brings in new CEO to help lead future expansion

Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.

Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something that Podjarny said was essential to this transition.

“I think I would be going through many sleepless nights if I was bringing just somebody we interviewed into the company for a role like this at a time like this,” he said. He added that having known and worked with McKay for so long has helped ease the role changes.

As important as the working relationship between the two is going to be, McKay brings an executive pedigree that includes stints as co-CEO at Veeam and general manager of Americas at VMware, where he managed an operation with $4 billion in annual revenue.

McKay says that he and Podjarny have had many conversations about how they will handle their new roles moving forward. “Guy and I have spent a great deal of time talking through a lot of [issues] before we ever said that we were going to move forward with this change,” he said. He added, “We wanted to make sure we’re aligned on how we would handle decisions. We want to be aligned on how we handle things like diversity, how we handle things like empowering and core company values,” he said.

As for Podjarny, he says this move allows him to return to a more technical function, and the two will take advantage of each other’s strengths as they move into these new roles. “Peter brings in extensive large-scale management experience, experience with markets. This is experience that I don’t have, but which naturally complements my product vision and community leadership skills,” he explained.

As a startup grows, picking the right leader to guide the company into the future is a tricky decision, and one that Podjarny and McKay did not take lightly. In spite of their long relationship, they recognize there will be challenges ahead as company founder and board member/investor take on new roles, but they believe that this is the best decision for the company to develop and grow moving forward. Time will tell if they are right.

17 Jul 2019

Another 2.2 million patients affected by AMCA data breach

Another clinical lab ensnared in the AMCA data breach has come forward.

Clinical Pathology Laboratories (CPL) says 2.2 million patients may have had their names, addresses, phone numbers, dates of birth, dates of service, balance information and treatment provider information stolen in the previously-reported breach.

Another 34,500 patients had their credit card or banking information compromised.

The breach was limited to U.S. residents, the company said.

CPL blamed the AMCA, which it and other labs used to process payments for their patients, for not providing more details on the breach when it was disclosed in June.

“At the time of AMCA’s initial notification, AMCA did not provide CPL with enough information for CPL to identify potentially affected patients or confirm the nature of patient information potentially involved in the incident, and CPL’s investigation is on-going,” said the company in a statement.

LabCorp was first hit with 7.7 million patients affected, then 11.9 million Quest Diagnostics patients were next. BioReference Laboratories pushed the breach over the 20 million mark.

Then, AMCA filed for bankruptcy protection amid several class action suits.

Several lawmakers have since contacted both Quest and LabCorp, two of the biggest laboratories in the U.S. to demand answers about the breach and why it went undetected for close to a year.

Read more:

17 Jul 2019

Nintendo introduces a Switch model refresh with better battery life

Nintendo already announced an entirely new Switch console this month, the Switch Lite, and now it’s bumping some of the specs on the existing Switch with a slightly updated version, spotted by The Verge. This update improves the hardware right where it counts when it comes to Switch portable playing power.

The new model will provide between 4.5 and 9 hours of battery life, depending on use, which is a big bump from the 2.5 to 6.5 hour rating on the original hardware that’s been offered to date. This is likely an improvement derived from a change in the processor used in the console, as well as more power-efficient memory, both of which were detailed in an FCC filing from last week.

Nintendo’s official Switch comparison page lists the models with improved battery life as model number ‘HAC-001(-01), with the bracketed addition distinguishing it from the original. You can check the version based on the serial number, with XKW preceding the newer hardware, and XAW starting off serials for the older, less power efficient version. No word on a specific street date, but if you’re in the market it’s worth taking a ‘wait and see’ approach to ensure this battery boosted hardware is the one you get.

In all other respects the two Switch models appear to be similar, if not identical, so it’s probably not enough of a change to get anyone considering an upgrade, unless the battery life on your current version really seems to fall about two hours short of your ideal play session length on average.

17 Jul 2019

Nexar’s Live Map is like Street View with pictures from 5 minutes ago

We all rely on maps to get where we’re going or investigate a neighborhood for potential brunch places, but the data we’re looking at is often old, vague, or both. Nexar, maker of dashcam apps and cameras, aims to put fresh and specific data on your map with images from the street taken only minutes before.

If you’re familiar with dash cams, and you’re familiar with Google’s Street View, then you can probably already picture what Live Map essentially is. It’s not quite as easy to picture how it works or why it’s useful.

Nexar sells dash cams and offers an app that turns your phone into one temporarily, and the business has been doing well, with thousands of active users on the streets of major cities at any given time. Each node of this network of gadgets shares information with the other nodes — warning of traffic snarls, potholes, construction, and so on.

The team saw the community they’d enabled trading videos and sharing data derived by automatic analysis of their imagery, and, according to co-founder and CTO Bruno Fernandez-Ruiz, asked themselves: Why shouldn’t this data shouldn’t be available to the public as well?

Actually there are a few reasons — privacy chief among them. Google has shown that properly handled, this kind of imagery can be useful and only minimally invasive. But knowing where someone or some car was a year or two ago is one thing; knowing where they were five minutes ago is another entirely.

Fortunately, from what I’ve heard, this issue was front of mind for the team from the start. But it helps to see what the product looks like in action before addressing that.

nexar zoom

Zooming in on a hexagonal map section, which the company has dubbed “nexagons,” polls the service to find everything the service knows about that area. And the nature of the data makes for extremely granular information. Where something like Google Maps or Waze may say that there’s an accident at this intersection, or construction causing traffic, Nexar’s map will show the locations of the orange cones to within a few feet, or how far into the lanes that fender-bender protrudes.

You can also select the time of day, letting you rewind a few minutes or a few days — what was it like during that parade? Or after the game? Are there a lot of people there late at night? And so on.

Right now it’s limited to a web interface, and to New York City — the company has enough data to launch in several other areas in the U.S. but wants to do a slower roll-out to identify issues and opportunities. An API is on the way as well. (Europe, unfortunately, may be waiting a while, though the company says it’s GDPR-compliant.)

The service uses computer vision algorithms to identify a number of features, including signs (permanent and temporary), obstructions, even the status of traffic lights. This all goes into the database, which gets updated any time a car with a Nexar node goes by. Naturally it’s not in 360 and high definition — these are forward-facing cameras with decent but not impressive resolution. It’s for telling what’s in the road, not for zooming in to spot a street address.

Detection Filtering

Of course, construction signs and traffic jams aren’t the only things on the road. As mentioned before it’s a serious question of privacy to have constantly updating, public-facing imagery of every major street of a major city. Setting aside the greater argument of the right to privacy in public places and attendant philosophical problems, it’s simply the ethical thing to do to minimize how much you expose people who don’t know they’re being photographed.

To that end Nexar’s systems carefully detect and blur out faces before any images are exposed to public view. License plates are likewise obscured so that neither cars nor people can be easily tracked from image to image. Of course one may say that here is a small red car that was on 4th, and is on 5th a minute later — probably the same. But systematic surveillance rather than incidental is far easier with an identifier like a license plate.

In addition to protecting bystanders, Nexar has to think of the fact that an image from a car by definition places that car in a location at a given time, allowing them to be tracked. And while the community essentially opts into this kind of location and data sharing when they sign up for an account, it would be awkward if the public website let a stranger track a user all the way to their home or watch their movements all day.

“The frames are carefully random to begin with so people can’t be soloed out,” said Fernandez-Ruiz. “We eliminate any frames near your house and your destination.” As far as the blurring, he said that “We have a pretty robust model, on par with anything you can see in the industry. We probably are something north of 97-98 percent accurate for private data.”

So what would you do with this kind of service? There is, of course, something fundamentally compelling about being able to browse your city in something like real time.

On Google, there’s a red line. We show you an actual frame – a car blocking the right lane right there. It gives you a human connection,” said Fernandez-Ruiz. “There’s an element of curiosity about what the world looks like, maybe not something you do every day, but maybe once a week, or when something happens.”

No doubt we are many of us guilty of watching dash-cam footage or even Street View pictures of various events, pranks, and other occurrences. But basic curiosity doesn’t pay the bills. Fortunately there are more compelling use cases.

“One that’s interesting is construction zones. You can see individual elements like cones and barriers – you can see where exactly they are, when they’re started etc. We want to work with municiapl authorities, department of transportation, etc on this — it gives them a lot of information on what their contractors are doing on the road. That’s one use case that we know about and understand.”

In fact there are already some pilot programs in Nevada. And although it’s rather a prosaic application of a 24/7 surveillance apparatus, it seems likely to do some good.

But the government angle brings in an unsavory linen of thinking — what if the police want to get unblurred dash cam footage of a crime that just happened, or one of many such situations where tech’s role has historically been a mixed blessing?

“We’ve given a lot of thought to this, and it this concerns our investors highly,” Fernandez-Ruiz admitted. “There are two things we’ve done. One is we’ve differentiated what data the user owns and what we have. The data they send is theirs – like Dropbox. What we get is these anonymized blurred images. Obviously we will comply with the law, but as far as ethical applications of big data and AI, we’ve said we’re not going to be a tool of an authoritarian government. So we’re putting processes in place — even if we get a subpoena, we can say: This is encrypted data, please ask the user.”

That’s some consolation, but it seems clear that tools like this one are more a question than an answer. It’s an experiment by a successful company and may morph into something ubiquitous and useful or a niche product used by professional drivers and municipal governments. But in tech, if you have the data, you use it. Because if you don’t, someone else will.

You can test out Nexar’s Live Map here.