Category: San Francisco

June 10, 2019 Off

Get your tickets to the TechCrunch 14th Annual Summer Party

By Jill T Frey

Hey startuppers, it’s time to save the date and get your ticket to the best Silicon Valley soiree of the season. This year marks the 14th return of the TechCrunch Summer Party — a time to relax, connect and imbibe with your startup siblings.

We’re excited to announce that we’re hosting more than 1,000 guests at the beautiful Park Chalet, San Francisco’s coastal beer garden. Come out, kick back, grab a drink and enjoy a variety of tasty bites, while enjoying the park views. We’re also excited to announce our VC firm partners for the event: August Capital, Battery Ventures, Data Collective, and Uncork Capital.

Tickets to this popular event will go fast, which means get them while you can! Tickets are available on a rolling basis, so if you miss out on this batch, don’t despair. Simply sign up here and we’ll let … Read the rest

June 10, 2019 Off

Vuzix smart glasses get automatic facial recognition designed for law enforcement

By Jill T Frey

This is one of those “I’m not surprised but I am slightly terrified” moments in tech development: Enterprise smart glasses company Vuzix announced Monday that it has developed new “fully autonomous” face recognition software in partnership with software developer NNTC.

The new solution will work with Vuzix’s Blade smart glasses, which debuted at CES earlier this year and are positioned as both an enterprise and a consumer product. It’s called iFalcon Face Control Mobile, which is a mouthful, and it’s billed as an “AI-powered” solution that promises local matching against a database stored on-device on a wearable computer that pairs with a headset.

It’s intended to be used with set databases, and is ideal for “law enforcement and security guards on patrol,” according to a press release detailing the news. It can find up to 15 faces per frame in less than one second, according to the spec sheet, and … Read the rest

June 8, 2019 Off

Startups Weekly: The Peloton IPO (bull vs. bear)

By Jill T Frey

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the proliferation of billion-dollar companies. Before that, I noted the uptick in beverage startup rounds. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets.

Now, time for some quick notes on Peloton’s confirmed initial public offering. The fitness unicorn, which sells a high-tech exercise bike and affiliated subscription to original fitness content, confidentially filed to go public earlier this week. Unfortunately, there’s no S-1 to pore through yet; all I can do for now is speculate a bit about Peloton’s long-term potential.

What I know: 

  • Peloton is profitable. Founder and chief executive John Foley said at one point that he
Read the rest
June 7, 2019 Off

Lyft sues SF over bike-share program

By Jill T Frey

Lyft is suing the city of San Francisco, claiming that the city is violating its 10-year contract with Lyft that would give the company exclusive rights to operate bike-share programs. San Francisco, however, says the contract does not apply to dockless bike-share, but only station-based bike-share.

In its lawsuit, Lyft is seeking a preliminary injunction or temporary restraining order to prevent the city from issuing permits to operators for stationless bike-share rentals.

Although SF previously allowed Uber-owned JUMP to operate its stationless electric bikes, that was supposed to be a one-time exception since Motivate, which Lyft eventually bought, was not yet ready to deploy its stationless electric bikes, the lawsuit states. JUMP’s pilot expires on July 9, 2019, but now the city is seeking additional operators to deploy stationless electric bikes.

“We are eager to continue investing in the regional bikeshare system with the MTC and San Francisco,” a Read the rest

June 7, 2019 Off

On the road to self-driving trucks, Starsky Robotics built a traditional trucking business

By Jill T Frey

More than three years ago, self-driving trucks startup Starsky Robotics was founded to solve a fundamental issue with freight — a solution that CEO Stefan Seltz-Axmacher believes hinges on getting the human driver out from behind the wheel.

But a funny thing happened along the way. Starsky Robotics started a regular ol’ trucking company. Now, nearly half of the employees at this self-driving truck startup help run a business that uses the traditional model of employing human drivers to haul loads for customers, TechCrunch has learned.

Starsky’s trucking business, which has been operating in secret for nearly two years alongside the company’s more public pursuit of developing autonomous vehicle technology, has hauled 2,200 loads for customers. The company has 36 regular trucks that only use human drivers to haul freight. It has three autonomous trucks that are driven and supported by a handful of test drivers. Starsky also employs a … Read the rest

June 7, 2019 Off

Fintech platform Synapse raises $33M to build ‘the AWS of banking’

By Jill T Frey

Synapse, a San Francisco-based startup that operates a platform enabling banks and fintech companies to easily develop financial services, has closed a $33 million Series B to develop new products and go after international expansion.

The investment was led by Andreessen Horowitz, with participation from existing backers Trinity Ventures and Core Innovation Capital . Synapse — which recently rebranded (slightly) from “SynapseFi” — announced a $17 million Series A back in September 2018, so this deal takes it to $50 million raised to date.

The startup was founded in 2014 by Bryan Keltner and India-born CEO Sankaet Pathak, who came to the U.S. to study but grew frustrated at the difficulty of opening a bank account without U.S. social security history. Inspired by his struggles, Synapse, which operated under the radar prior to that Series A deal, is focused on democratizing financial services.

Its approach to doing that is … Read the rest

June 6, 2019 Off

Postmates taps longtime Apple engineer to boost autonomous delivery efforts

By Jill T Frey

Postmates has hired Apple veteran and author Ken Kocienda as a principal software engineer at Postmates X, the team building the food delivery company’s semi-autonomous sidewalk rover, Serve.

Kocienda, author of “Creative Selection: Inside Apple’s Design Process During the Golden Age of Steve Jobs,” spent 15 years at Apple focused on human interface design, collaborating with engineers to develop the first iPhone, iPad and Apple Watch. Kocienda left Apple in 2017 to focus on his book.

Now, he’s picked Postmates as his next project, citing the team’s spirit and energy as motivation for joining.

“My goal throughout my career has not been technology for the sake of opportunity, I am interested in making product experiences that people out in the world will find useful and meaningful,” Kocienda tells TechCrunch. “It’s not about the technology or just the design, it’s about the technology and design coming together.”


Postmates unveiled ServeRead the rest

June 5, 2019 Off

The Stanford connections behind Latin America’s multibillion-dollar startup renaissance

By Jill T Frey

The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo … Read the rest

June 3, 2019 Off

Fitness startup Mirror nears $300M valuation with fresh funding

By Jill T Frey

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following.

That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment.

Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; we’ve heard a number of high-profile firms looked at Mirror’s books and passed. The company has previously raised a total of $38 million from Spark Capital, First Round Capital, Lerer … Read the rest

June 3, 2019 Off

Flash Sale! Buy a mobility startup package, get one for free at Disrupt SF

By Jill T Frey

Check your calendars, mobility startup fans. It’s only five short weeks until TC Sessions: Mobility 2019 goes down in San Jose. Get ready to dive into the current state of mobility, challenge assumptions, put hyperbole in its place and help shape the future of these rapidly evolving technologies.

And if you want to expose your early-stage mobility startups to mobility’s brightest, most influential founders, technologists and investors, take advantage of this limited-time flash sale. When you buy a demo table at TC Sessions: Mobility you’ll get a free Startup Alley Exhibitor Package at Disrupt San Francisco 2019*. And guess what — in addition to a demo space, both events’ startup packages come with three attendee tickets!

This double-demo opportunity comes to a grinding halt on Friday, June 7 at 11:59 pm (PT) and is exclusively for early-stage mobility startups. Don’t miss your chance to showcase your company to thousands of … Read the rest