Category: UNCATEGORIZED

30 May 2019

Ulo is an adorable security camera that interacts with you while keeping watch over your home

Tired of home security cameras that add nothing to your home (besides, well, surveillance)? The Ulo, created by Luxembourg-based Mu Design, adds a touch of whimsy. The owl-shaped surveillance camera has two big interactive LCD eyes that follow your movements, and its two lenses—a HD camera and motion sensor camera—discreetly hidden in its beak, made of one-way mirrored glass, that capture high-resolution images. .

Mu Design founder Vivien Muller, who is currently showing off Ulo at Computex in Taipei, said he wanted to create a security camera that feels like a pet and makes its owners happy. The Ulo, with its huge, expressive eyes, is certainly adorable. Ulo runs on a Qualcomm Snapdragon 212 series processor and is made with an internal microphone, WifFi and Bluetooth models and an orientation sensor. It can use rechargeable NiMH batteries or be charged with a standard micro USB charger. Ulo also boosts 8GB eMMC and a microSD card clot.

Ulo is controlled by iOS or Android apps. Like other cameras, it can send images to your email when movement is detected, send data to secure devices if requested and stores a few minutes of video locally.

The camera is currently out of stock, but available for pre-order and costs 199 euros, or about $220.

30 May 2019

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series B round

Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million.

The company announced the round in April when it was $88 million led by investors that include Sequoia China, however it has now increased by $25 million. That’s thanks to an injection from China’s Hillhouse Capital, a firm which counts Tencent, Meituan and JD.com among its most successful investments.

Launched in 2015 by former Goldman Sachs and Temasek analyst Sophie Kim, its Kurly Market service is designed to provide groceries and produce to customers who don’t have the time or interest to visit regular retail stores for their shopping.

Kurly Market delivers orders by 7am each morning with customers given until 11pm the previous day to place their order.

Korea is the place for speedy deliveries, if that’s your thing. Coupang, a company backed by SoftBank’s Vision Fund that’s widely seen as ‘the Amazon of Korea’ — and valued at $9 billion, to boot — has built out an impressive network that allows same- and next-day delivery for its “millions”of customers.

Coupang CEO Bo Kim told TechCrunch last year that his company was “approaching” $5 billion in revenue for 2018 with 70 percent annual growth. Additionally, he said, one in every two adults in Korea have the Coupang app on their phone and, having started out in Amazon-like areas, Coupang is doubling down on fresh produce with its own cold chain logistics network.

That represents a direct challenge to Kurly, which differentiates itself by operating through its own brands, unlike Coupang, which runs using a marketplace model to connect retailers with consumers. Kurly is also focused on convenience over cost savings, indeed its service began in Seoul’s high-end Gangnam neighborhood but has since expanded more widely.

Kurly Market products are focused on quality and convenience over price

Still, investors are bullish on Kurly and its laser focus on produce and groceries.

Kurly said its revenue grew three-fold year-on-year to reach $131 million in 2018, although it did not provide profit/loss figures.

“The latest round of investment is a major endorsement of the progress we’ve made differentiating ourselves in the market through our cold-chain fulfillment infrastructure and unique offering of premium, curated products. Our focus is on further strengthening our relationships with our suppliers, developing our fulfillment infrastructure and continually improving our customer experience,” Kim said in a statement.

30 May 2019

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series B round

Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million.

The company announced the round in April when it was $88 million led by investors that include Sequoia China, however it has now increased by $25 million. That’s thanks to an injection from China’s Hillhouse Capital, a firm which counts Tencent, Meituan and JD.com among its most successful investments.

Launched in 2015 by former Goldman Sachs and Temasek analyst Sophie Kim, its Kurly Market service is designed to provide groceries and produce to customers who don’t have the time or interest to visit regular retail stores for their shopping.

Kurly Market delivers orders by 7am each morning with customers given until 11pm the previous day to place their order.

Korea is the place for speedy deliveries, if that’s your thing. Coupang, a company backed by SoftBank’s Vision Fund that’s widely seen as ‘the Amazon of Korea’ — and valued at $9 billion, to boot — has built out an impressive network that allows same- and next-day delivery for its “millions”of customers.

Coupang CEO Bo Kim told TechCrunch last year that his company was “approaching” $5 billion in revenue for 2018 with 70 percent annual growth. Additionally, he said, one in every two adults in Korea have the Coupang app on their phone and, having started out in Amazon-like areas, Coupang is doubling down on fresh produce with its own cold chain logistics network.

That represents a direct challenge to Kurly, which differentiates itself by operating through its own brands, unlike Coupang, which runs using a marketplace model to connect retailers with consumers. Kurly is also focused on convenience over cost savings, indeed its service began in Seoul’s high-end Gangnam neighborhood but has since expanded more widely.

Kurly Market products are focused on quality and convenience over price

Still, investors are bullish on Kurly and its laser focus on produce and groceries.

Kurly said its revenue grew three-fold year-on-year to reach $131 million in 2018, although it did not provide profit/loss figures.

“The latest round of investment is a major endorsement of the progress we’ve made differentiating ourselves in the market through our cold-chain fulfillment infrastructure and unique offering of premium, curated products. Our focus is on further strengthening our relationships with our suppliers, developing our fulfillment infrastructure and continually improving our customer experience,” Kim said in a statement.

30 May 2019

EV Growth closes $200M fund to cover Southeast Asia’s Series B funding gap

East Ventures has long been known as one of Indonesia’s longest-serving and most active seed-stage investors, but now it has officially moved up the food chain after it announced a final close of its growth fund at $200 million.

Called EV Growth, the fund is a joint venture between East Ventures, SMDV — the VC arm of Indonesian conglomerate Sinar Mas — and YJ Capital, which is associated with Yahoo Japan. The fund was first announced last year with a target of $150 million, but this final close has already surpassed that thanks to contributions from LPs that include SoftBank Group, Pavilion CapitaI and Indies Capital.

EV Growth is already active, with 40% of the fund deployed to date, according to East Ventures’ founding partner Willson Cuaca, who serves as partner for the new fund alongside Roderick Purwana from SMDV and  YJ Capital’s Shinichiro Hori.

“We thought ‘There’s a gap in Series B in Southeast Asia, many of our portfolio is good so why not do this together?'” Cuaca told TechCrunch in an interview. “SMDV and YJ Capital have been our long-term partners in Japan and Southeast Asia so it’s the perfect partnership… the chemistry is already there.”

“We are more seed and product market fit focused but our two partners bring their capabilities on financial modeling so it becomes a complete set,” he added.

Lofty ambitions: the EV growth team in front of Monas, the National Monument that symbolizes the fight for Indonesia and is one of the tallest landmarks in capital city Jakarta

Beyond chemistry, East Ventures also has a track record.

The firm was one of the first to focus on Indonesia, Southeast Asia’s largest economy, and encourage its companies to dominate that market rather than rapidly expand across the region. East Venture’s portfolio includes unicorns Tokopedia and Traveloka, while ride-sharing Grab and Go-Jek acquired two of its companies, Kudo and Loket, respectively.

Cuaca said EV Growth will continue the focus on Indonesia, but he admitted that there is scope to invest outside of the region if the right opportunity pops up.

Operating at seed and further down the investment pipe throughs up the possibility of conflicts of interest. EV Growth is aimed at filling a funding gap that does genuinely exist in Southeast Asia so it is bound to touch on East Ventures’ portfolio companies, but Cuaca is ready for that scenario. While he will source and fetch potential EV Growth deals, he must recuse himself from a decision on any East Ventures company, leaving his partners to make the final call. That’s fairly standard in the investment world, but new to Southeast Asia where growth funds are just taking off.

SoftBank Corp — CEO Masayoshi Son is pictured third from right — is one of the LPs backing EV Growth… and potentially the follow-up that is already being planned

That development is a sign of the maturity of the region’s venture ecosystem, and East Ventures isn’t the only one pursuing a ‘growth fund’ strategy.

Singapore’s Golden Gate Ventures is currently raising a growth fund with Korea’s Hanwha as the anchor LP, while TechCrunch has heard plenty of rumors linking a number of other investors with interest in doing the same, albeit that they are unfulfilled at this time.

It isn’t just new funds that are springing up, those that were once seed-stage investors are also scaling to cover unfulfilled Series B demand. Jungle Ventures, for example, recently hit the first close on its newest fund that’s aimed at $220 million. Others stepping into the void include Vertex Ventures, which has a new $230 million fund.

Added to that, there will be more to come from EV Growth.

Cuaca told TechCrunch that discussions are already underway for a follow-up growth fund with “interest still coming in” from prospective LPs. That makes sense given that the current fund’s deployment is nearly at the halfway point. Watch this space for more.

30 May 2019

Science publisher IEEE bans Huawei but says trade rules will have ‘minimal impact’ on members

The IEEE’s ban on Huawei following new trade restrictions in the United States has sent shock waves through the global academic circles. The organization responded saying the impact of the trade policy will have limited effects on its members, but it’s hard at this point to appease those who have long hailed it as an open platform for scientists and professors worldwide to collaborate.

Earlier this week, the New York-headquartered Institute of Electrical and Electronics Engineers blocked Huawei employees from being reviewers or editors for its peer-review process, according to screenshots of an email sent to its editors that first circulated in the Chinese media.

The IEEE later confirmed the ban in a statement issued on Wednesday, saying it “complies with U.S. government regulations which restrict the ability of the listed Huawei companies and their employees to participate in certain activities that are not generally open to the public. This includes certain aspects of the publication peer review and editorial process.”

In mid-May, the U.S. Department of Commerce’s Bureau of Industry and Security added Huawei and its affiliates to its “Entity List,” effectively barring U.S. firms from selling technology to Huawei without government approval.

It’s unclear what makes peer review at the IEEE a technology export, but the science association wrote in its email to editors that violation “may have severe legal implications.”

Whilst being physically based in the U.S., the IEEE bills itself as a “non-political” and “global” community aiming to “foster technological innovation and excellence for the benefit of humanity.”

Despite its removal of Huawei scientists from paper vetting, the IEEE assured that its compliance with U.S. trade restrictions should have “minimal impact” on its members around the world. It further added that Huawei and its employees can continue to participate in other activities as a member, including accessing the IEEE digital library; submitting technical papers for publication; presenting at IEEE-sponsored conferences; and accepting IEEE awards.

As members of its standard-setting body, Huawei employees can also continue to exercise their voting rights, attend standards development meetings, submit proposals and comment in public discussions on new standards.

A number of Chinese professors have reprimanded the IEEE’s decision, flagging the danger of letting politics meddle with academic collaboration. Zhang Haixia, a professor at the School of Electronic and Computer Engineering of China’s prestigious Peking University, said in a statement that she’s quitting the IEEE boards in protest.

This is Haixia Zhang from Peking University, as an old friend and senior IEEE member, I am really shocked to hear that IEEE is involved in “US-Huawei Ban” for replacing all reviewers from Huawei, which is far beyond the basic line of Science and Technology which I was trainedand am following in my professional career till now.

…today, this message from IEEE for “replacing all reviewers from Huawei in IEEE journals” is challenging my professional integrity. I have to say that, As a professor, I AM NOT accept this. Therefore, I decided to quit from IEEE NANO and IEEE JMEMS editorial board untill one day it come back to our common professional integrity.

The IEEE freeze on Huawei adds to a growing list of international companies and organizations that are severing ties or clashing with the Chinese smartphone and telecom giant in response to the trade blacklist. That includes Google, which has blocked select Android services from Huawei; FedEx, which allegedly “diverted” a number of Huawei packages; ARM, which reportedly told employees to suspend business with Huawei; as well as Intel and Qualcomm, which also reportedly cut ties with Huawei. 

30 May 2019

Microsoft hints at a new “modern” operating system designed to support different form factors

In a week where AMD, Intel and Qualcomm have already made major announcements, Microsoft’s keynote yesterday at Computex in Taipei was relatively lowkey. Instead of revealing new products, the company hinted at what it wants in a modernized operating system. Intriguingly, Microsoft’s blog post about the keynote does not mention Windows, lending credence to speculation that it is developing a new “super-secure” OS.

According to the blog post by Nick Parker, corporate vice president of consumer and device sales, a modern OS should enable “form factor agility” by being flexible enough to be integrated into different types of devices, which is noteworthy because last year the company hinted at new additions to the Surface lineup, which some have speculated might mean the line is adding a smartphone.

He added that a modern OS should include seamless updates, done invisibly in the background without forcing people to stop using their computers and be secure by default, preventing attacks by separating the state from the operating system and the compute from applications.

A modern OS would constantly be connected to LTE 5G and use AI to help make apps more efficient. It would also support different kinds of input, including pen, voice, touch and even the ability to use your eyes to control apps or write—two things that likely to fuel more speculation that the new OS will be developed with mobile products (like a possible Surface Phone) and lightweight or dual-screen laptops in mind.

30 May 2019

Brooklyn and Queens are now flush with 1,000 of Revel’s shared electric mopeds

Revel Transit has released 1,000 of its shared electric mopeds onto the streets of Brooklyn and Queens, following the end of a nine-month pilot program in the area.

The New York-based startup pulled the original 68 mopeds it used in its limited pilot and has replaced them with new models (and hundreds more of them) built for two riders and equipped with kickstands for parking.

Revel has expanded the service as well. The pilot restricted moped movement to the Bushwick, Williamsburg or Greenpoint neighborhoods. Now, the Revel mopeds will be available in more than 20 neighborhoods in Brooklyn and Queens.

“During the nine-month pilot, we learned what worked well, what needed fixing and what users wanted from the service going forward,” Revel co-Founder and CEO Frank Reig said in a release.

Venture firm Maniv Mobility led Revel’s seed round. The company has raised $4.5 million, according to PitchBook.

The deluge of Revel mopeds comes amid a larger debate about access to transportation within New York and a specific discussion over electric stand-up scooters. Technically, scooters like the ones rented out by startups Bird and Lime are illegal in New York City.

Officials worry about safety in a crowded city, particularly Manhattan, millions of pedestrians, cyclists and cars are already jostling for space.

Before gaining access to the service, users must register on the Revel app using their driver’s license and paying a one-time $19 fee to cover a motor vehicle license check. Once approved, riders can use the app to find and unlock the nearest moped.

The mopeds, which are safety certified by the U.S. Department of Transportation and registered with the New York Department of Motor Vehicles, include insurance and a helmet.

Revel, which has opened a new 10,000-square foot operations facility in Red Hook, is also introducing a new pricing structure as part of its commercial launch. Revel used to charge a flat rate of $4 for the first 20 minutes, with an additional $0.25-per-minute charge and $0.05 a minute to pause the ride.

Under the new pricing structure, riders pay $1 to start a ride and $0.25 per minute after a free first-minute grace period, which is meant to give riders a chance to secure their helmet. If a ride includes passenger, the initial cost is $2. Riders can pause their ride for $0.10 per minute.

Revel will cut the cost by 40 percent for riders who use public assistance programs like SNAP or live in NYCHA housing.

30 May 2019

I flew the Millennium Falcon and it was good

 

After visiting Star Wars: Galaxy’s Edge several months ago to report on how it was built, I came back on the eve of it opening to the public to try out its first marquee attraction: flying the Millennium Falcon.

Well, I flew it, and it was good. Real good. This ride is for everyone who dreamed of piloting the Falcon more than they dreamed about holding a lightsaber. This ride is for every person that rode Star Tours shuttle and gripped the slightly up-turned handles wishing hard that they could fly it. It’s a quintessential part of the Star Wars universe made flesh.

It’s clever, incredibly well art-directed and absolutely smoothly operational. The ride offers a thrilling group experience that will foster shouting and interaction in the cockpit just as we’ve seen in the movies. It will very likely also breed some post-flight posturing or trash talking depending on how each individual performs their tasks.

The scene setting and queue for the Falcon is pitch perfect. You walk by the ship itself and through a queue that is populated with all of the artifacts of an active smuggling operation inside a well worn, lived in hangar. As you go through the line you are presented with multiple views of the falcon itself, making utilization of the 100 foot ship.

A cast member will hand you a boarding card with your preferred role on it, identified by color.

Eventually you enter the insanely familiar chiclet corridor and board the ship. The reveal of the hold with its Dejarik board (not functional but you can sit there and take pics) and a ton of other super accurate details is your next treat. This is where your colored boarding card gets handed in and you board a cockpit through one of two tunnels.

After a quick briefing from Hondo Ohnaka it’s time to enter the cockpit and, friends, the impact is real. It’s the cockpit as you imagined it, only right in your face and extremely tactile. I talked about this before but the toggles feel right, the levers feel right.

Technologically speaking, the Falcon is a beast of an operation.

In my piece previewing Galaxy’s Edge a few months ago, I mentioned some technical details about the way the ride works. It’s a simulator with multiple cockpits, loaded with 6 people in 2 batches at a time. There are two pilots, two gunners and two engineers. You share responsibility for how the Falcon completes its mission. You’ll always get home but the ship may be more or less damaged and each person gets a rating that translates into your ‘share’ of galactic credits.

 

Here’s some details from my earlier piece:

  • The simulation is run on the Unreal engine and the mechanics are a much upgraded version of what powers Star Tours. Each cockpit has its own real‑time rendering system for a multi‑projection feedback hub across five screens that completely surround the cockpit seamlessly. Any decision you make as a member of the crew has to result in an action on screen, and it’s all real-time, so none of the major stuff is pre-rendered. While Disney itself was fairly cagey about what powers the ‘magic’ behind this system, Nvidia talked a bit about it last year.
  • Each of the cockpits is powered by a single BOXX machine with 8 NVIDIA Quadro P6000 GPUs in a Quadro SLI configuration. They sync up with 5 super high res rear projectors that make up a seamless cockpit for the rider. The displays synchronize with each other and with the actions of the people in the cockpit.
  • Gunners fire (synchronous fire from both gunners is needed to blow up an attacker) blasters, engineers put out fires or handle special operations like grappling and pilots try not to hit stuff (and engage the hyper drive). All of these actions are accomplished by strategically punching buttons or pulling levers during the flight. You are prompted to do each with audible instructions from Hondo as well as light up rings and buttons.
  • The whole simulation sits on top of a custom version of Unreal Engine that supports an obvious ton of GPUs. The work that Disney did on the engine went back to Epic Games and will help to inform how their engine ends up handling multiple GPUs in the future.

In action, the work has paid off. This is an insanely involved simulator ride handling a bunch of inputs at once

I have to say, though, it tickles me pink that Disney spent billions building what reminds me a heck of a lot of a Star Wars version of Spaceteam.

Yes, you can play it in isolation, taking care of your role and that’s it, but just a couple minutes into my flight I was yelling at our (terrible) pilots to go left or right or up or down and the engineers were hollering at my fellow gunner and I to shoot things. If you let yourself get into it, you’re going to have a good time. And there are absolutely cases for multiple runs at this thing, it’s not a one-and-done ride. Different roles, different modes (there is a semi-secret manual gunnery mode you trigger right at the beginning of the ride if you’re quick) and what Disney promises are ongoing stories that will be installed in the ride make it a long term investment.

The controls are responsive, but not ‘twitch-style’. If you’ve played an advanced space simulator then you know that the scale of everything affects your sense of speed — that’s present here too. The Falcon isn’t a ship that goes snicker snack from one heading to another, it arcs and swerves. This makes moving up and down floatier than flying a tiny fighter might be, but it doesn’t take long to get used to it. I hit maybe 2-3 things on my pilot flight, where my earlier flight impacted maybe 15 or so times.

You’re given a score based on how you performed your role and how the whole flight performed. That translates into galactic credits that you can use in the Disney Play app for rewards. The Play App, as long as it has been logged into and opened, will get your score information from the ride automatically.

Cast members will then be able to see how you performed and tell you to “stay away from Hondo, he’s not going to be happy.” Or when you’re ordering a drink at the Cantina the barkeep might say “I see that you had a successful run on the Falcon for Hondo.”

We also got a bit of a video and audio “extra” after our second flight when we did better score wise than my first one. I’m not sure if that’s connected to score but I’m going to try to find out. Hondo was certainly more complimentary and there was a real story-based change between the two runs. We ‘did more’ in the second run and ‘came back with more stuff’ and those things felt connected and visual — it wasn’t just a random score-based level.

I’ll leave the contents of the flight itself to spoiler territory, but it involved the traditional flying in tight spots, asteroids, shooting down Tie Fighters and entering hyperspace. It was intense, felt like a good length and was very satisfying.

I’ll have more to come from Galaxy’s Edge in the next few days, stay tuned.

29 May 2019

Less than 1 year after launching its corporate card for startups, Brex eyes $2B valuation

Brex, the fintech business that’s taken the startup world by storm with its sought after corporate card tailored for entrepreneurs, is raising millions in Series D funding less than a year after it launched, TechCrunch has learned.

Bloomberg reports Brex is raising at a $2 billion valuation, though sources tell TechCrunch the company is still in negotiations with both new and existing investors. Brex didn’t immediately respond to requests for comment.

Kleiner Perkins is leading the round via former general partner Mood Rowghani, who left the storied venture capital fund last year to form Bond alongside Mary Meeker and Noah Knauf. As we’ve previously reported, the Bond crew is still in the process of allocating capital out of Kleiner’s billion-dollar Digital Growth Fund III.

Bond, which recently closed on $1.25 billion for its debut effort and made its first investment, is not participating in the round for Brex, sources confirm to TechCrunch. Bond declined to comment.

Brex, a graduate of Y Combinator’s winter 2017 cohort, has raised $182 million in VC funding, reaching a valuation of $1.1 billion in October 2018 three months after launching its corporate card for startups and less than a year after completing YC’s accelerator program.

Most recently, Brex attracted a $125 million Series C investment led by Greenoaks Capital, DST Global and IVP. The startup is also backed by PayPal founders Peter Thiel and Max Levchin, and VC firms such as Ribbit Capital, Oneway Ventures and Mindset Ventures, according to PitchBook.

The company’s pace of growth is unheard of, even in Silicon Valley where inflated valuations and outsized rounds are the norm. Why? Brex has tapped into a market dominated by legacy players in dire need of technological innovation and, of course, startup founders always need access to credit. That, coupled with the fact that it’s capitalized on YC’s network of hundreds of startup founders — i.e. Brex customers — has accelerated its path to a multi-billion-dollar price tag.

Brex doesn’t require any kind of personal guarantee or security deposit from its customers, allowing founders near-instant access to credit. More importantly, it gives entrepreneurs a credit limit that’s as much as 10 times higher than what they would receive elsewhere.

Investors may also be enticed by the fact the company doesn’t use third-party legacy technology, boasting a software platform that is built from scratch. On top of that, Brex simplifies a lot of the frustrating parts of the corporate expense process by providing companies with a consolidated look at their spending.

“We have a very similar effect of what Stripe had in the beginning, but much faster because Silicon Valley companies are very good at spending money but making money is harder,” Brex co-founder and chief executive officer Henrique Dubugras told me late last year.

Stripe, for context, was founded in 2010. Not until 2014 did the company raise its unicorn round, landing a valuation of $1.75 billion with an $80 million financing. Today, Stripe has raised a total of roughly $1 billion at a valuation north of $20 billion.

Dubugras and Brex co-founder Pedro Franceschi, 23-year-old entrepreneurs, relocated from Brazil to Stanford in the fall of 2016 to attend the university. They dropped out upon getting accepted into YC, which they applied to with a big dreams for a virtual reality startup called Beyond. Beyond quickly became Brex, a name in which Dubugras recently told TechCrunch was chosen because it was one of few four-letter word domains available.

Brex’s funding history

March 2017: Brex graduates Y Combinator
April 2017: $6.5M Series A | $25M valuation
April 2018: $50M Series B | $220M valuation
October 2018: $125M Series C | $1.1B valuation
May 2019: undisclosed Series D | ~$2B valuation

In April, Brex secured a $100 million debt financing from Barclays Investment Bank. At the time, Dubugras told TechCrunch the business would not seek out venture investment in the near future, though he did comment that the debt capital would allow for a significant premium when Brex did indeed decide to raise capital again.

In 2019, Brex has taken steps several steps toward maturation.Recently, it launched a rewards program for customers and closed its first notable acquisition of a blockchain startup called Elph. Shortly after, Brex released its second product, a credit card made specifically for ecommerce companies.

Its upcoming infusion of capital will likely be used to develop payment services tailored to Fortune 500 business, which Dubugras has said is part of Brex’s long term plan to disrupt the entire financial technology space.

29 May 2019

Netflix says it would ‘rethink’ filming in Georgia if abortion law takes effect

Netflix’s chief content officer Ted Sarandos said the streaming service (which is spending billions of dollars on an ever-growing catalog of original content) will “rethink [its] whole investment in Georgia” if a recently-signed abortion law goes into effect.

Sarandos’ statement was first published in Variety. The industry publication said it reached out to the major studios for comment on the issue, and it contrasted his position with a lack of response from The Walt Disney Company, WarnerMedia, Sony Pictures Entertainment, NBCUniversal, Viacom, Fox and Amazon Studios.

“We have many women working on productions in Georgia, whose rights, along with millions of others, will be severely restricted by this law,” Sarandos said. “It’s why we will work with the ACLU and others to fight it in court. Given the legislation has not yet been implemented, we’ll continue to film there, while also supporting partners and artists who choose not to. Should it ever come into effect, we’d rethink our entire investment in Georgia.”

This comes the stars of two Netflix shows — Jason Bateman of “Ozark” and Alyssa Milano of “Insatiable” — have said they would stop filming in the state if the law takes effect.

Other filmmakers have taken the route of Ron Howard and Brian Grazer, who said they proceed with plans to film their Netflix movie “Hillbilly Elegy” in Georgia while making a donation to the ACLU to fight the anti-abortion legislation. (Howard and Grazer also said they will boycott the state if the law takes effect.)

The law in question, which was signed by Georgia Governor Brian Kemp on May 7, prohibits abortion after the detection of a fetal heartbeat — something that usually happens after six weeks of pregnancy. It’s widely seen as part of a larger effort aimed at getting the Supreme Court to overturn or weaken the abortion protections established in Roe v. Wade.

Thanks to state tax incentives, Georgia has become a hub for film and TV, with productions bringing the state an estimated $2.7 billion in revenue in 2017.