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Unable to fund production of its camera drone, Lily will shut down and refund customers

9 years 9 months ago
 Lily, the autonomous camera drone that sold a whopping $34 million in preorders, has announced it is shutting down. In an email sent to customers about an hour ago, the startup said that it was unable to raise an additional round of funding which would have allowed it to start production of the drone. So it announced instead that it will be winding down the company, and offering an… Read More
Fitz Tepper

Dedrone racks up 5 new investors, including CEOs of Aruba Networks and Meraki

9 years 9 months ago
 It’s hard to build a drone that’s high performance and affordable enough to compete with DJI’s popular and pervasive models. That’s something drone companies who built their own “platforms,” a.k.a. original hardware and proprietary software, are grappling with these days. The industry has seen belt-tightening measures at Parrot SA, a changing of the guard… Read More
Lora Kolodny

The reality of VR/AR growth

9 years 9 months ago
 “VR will be big, AR will be bigger and take longer.” What sounded revolutionary when we first said it two years ago has become accepted wisdom. But now the market has actually launched, and we’ve got 12 months of real-world performance and major tech players’ strategies emerging. And that’s changed our views on VR/AR growth. A lot. Read More
Tim Merel

P2P lending site Funding Circle raises another $100M led by Accel

9 years 9 months ago
 Make way for another large fintech investment out of Europe. Funding Circle, the London-based peer-to-peer lending platform that lets small businesses connect with investors willing to lend them money, has raised another $100 million in funding of its own, led by Accel with participation from other previous investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket… Read More
Ingrid Lunden

Las Vegas launches the first electric autonomous shuttle on U.S. public roads

9 years 9 months ago
 Las Vegas, transportation beat reporters can’t quit you; CES was like a car extravaganza, and now you’re launching a self-driving, fully electric shuttle on public streets. The shuttles are the result of a partnership between shuttle-maker Navya, fleet logistics provider Keolis and the city of Las Vegas, and began picking up members of the public today, riding a regular route… Read More
Darrell Etherington

Apple is already winning the wireless headphones market with AirPods

9 years 9 months ago
 Despite delays, Apple’s AirPods had a great holiday season according to a new report on wireless headphone online spending over the past several weeks. The report from Slice Intelligence–which collects its data from hundreds of millions of anonymized e-receipts–found that the $159 AirPods have accounted for more than a quarter of all online wireless headphones… Read More
Lucas Matney

After delays, Android Wear 2.0 is finally set to arrive in early February

9 years 9 months ago
 With the smartwatch field facing an uphill battle for the attention of the gadget-buying audience, Google’s Android Wear delay couldn’t have come at a less opportune moment. The wearable operating system was originally scheduled for release by year’s end, only to get pushed back to a broad “early next year,” a move that may well have contributed to the surprising… Read More
Brian Heater

Cloudflare explains how FBI gag order impacted business

9 years 9 months ago
 Cloudflare issued its biannual transparency report yesterday, detailing the government requests for user data it received during the latter half of 2016. Many tech companies make regular disclosures about these types of requests in an effort to be more transparent with their users, and, following the passage of the USA Freedom Act, more and more of these disclosures include national… Read More
Kate Conger

Nintendo Switch pre-orders will open in limited quantity on Friday in New York

9 years 9 months ago
 Looks like Friday’s hands-on event isn’t the only big bit of Nintendo Switch business going down in New York City this Friday. The gaming giant’s New York store Twitter account just dropped the news that the eagerly anticipated (though barely seen) convertible console will open for pre-orders at the company’s storefront at 9AM that same day. A limited quantity of… Read More
Brian Heater

Sarah Michelle Gellar on jumping from screen to startup with Foodstirs

9 years 9 months ago
It’s no secret that more celebrities are flocking to tech and venture capital these days. The latest to make the leap into entrepreneurship is Sarah Michelle Gellar, best known for her TV role as Buffy the Vampire Slayer, and most recently as the voice of The Seventh Sister inquisitor in the animated series Star Wars Rebels. The company she founded with CEO Galit Laibow and COO Greg… Read More
Lora Kolodny

VSCO shuts down its New York office

9 years 9 months ago
 Instagram competitor and visual arts technology company VSCO has closed up shop in New York and laid off all staff, TechCrunch has learned and the company confirmed. The decision was made in order to centralize staff at the company’s Oakland location, its main headquarters. VSCO also has an office in Denver, Co., which was added when it acquired the Denver-based printing shop,… Read More
Sarah Perez

Hello Egg puts a friendly voice-powered cooking assistant in your kitchen

9 years 9 months ago
Alexa is going to at least own the living room, and there’s a good bet that it’s going to own the whole home. But that’s not stopping RnD64, a small company building a small little black voice-powered black egg, from trying to get in the kitchen first. Hello Egg works as a cooking assistant, with a few extra flourishes — like a friendly little eye to keep you company on… Read More
Matthew Lynley

U.S. Department of Transportation announces a new committee focused on automation

9 years 9 months ago
 The U.S. regulatory agency overseeing transportation at the federal level has announced a new official committee on automation, be it autonomous driving, drones or other self-guided modes of getting around. The committee is designed to help the Department of Transportation (DOT) learn from industry experts regarding how it should be shaping policy and research in these emerging fields. Members… Read More
Darrell Etherington

Trump refuses to divest, admits that Russia may be behind hacks

9 years 9 months ago
 At his first proper press conference as President-elect, Trump and team provided answers for a number of long-burning questions, sort of. Trump held his last full press conference on July 27 and months later canceled plans for a December 15 press event at which he was expected to assuage concerns about his myriad conflicts of interest. In an unconventional opening at Wednesday’s… Read More
Taylor Hatmaker

Training self-driving cars on the streets of Los Santos with GTA V just got easier

9 years 9 months ago
 The DeepDrive project has made it possible to use Grand Theft Auto to train self-driving cars for some time now. But today, the work is being integrated and open-sourced with OpenAI’s Universe. The collaboration will cut the once day-long setup time down to just 20 minutes. Training AI frameworks on synthetic data is all the rage these days. Large tech companies and startups alike… Read More
John Mannes
Checked
9 minutes 54 seconds ago
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