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Why did Apple buy NextVR?

6 years 5 months ago
After plenty of talk about AR as the next computing platform, Apple may have more interest in virtual reality than they’ve previously forecasted. Following an April report from 9to5mac, today Apple confirmed to Bloomberg the acquisition of VR broadcasting startup NextVR. A note on NextVR’s website now highlights that the company is “moving in a […]

Forerunner Ventures’ Kirsten Green demystifies the COVID-19 consumer era

6 years 5 months ago
“In general, the consumer has proven to be more resilient than I would have thought,” said Kirsten Green, founder of Forerunner Ventures, which has investments in breakout D2C stars like Glossier, Hims and Bonobos. She joined us for an Extra Crunch Live conversation to help us better understand buying habits in the COVID-19 era. With […]

Apple Operations SVP details supply chain safety changes due to COVID-19

6 years 5 months ago
Today, Apple released its 2020 Supplier Responsibility progress report. In it, Senior Vice President of Operations Sabih Khan published a letter that details an outline of the plan it created to increase safety and protection efforts in its supply chain worldwide. As far as I can tell this is the first time that Khan has […]

Investors cozy up to LA-based ettitude’s bamboo bedding and sleep wear with $1.6 million

6 years 5 months ago
Ettitude, the Los Angeles-based, direct-to-consumer startup making sustainable bedding and sleepwear from bamboo fibers, has raised a sustainably sized round that should keep the company going even in the face of an economic recession. Co-founded by the Melbourne, Australia native Phoebe Yu and serial entrepreneur Kat Dey, ettitude sells high-end bamboo bedding made using a […]

Cruise lays off 8% of workforce amid COVID-19, puts resources toward engineering

6 years 5 months ago
Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees in Cruise’s product, marketing and […]

Forget sourdough, these sisters are launching a starter to create authentic Asian food

6 years 5 months ago
For immigrants in the United States, representation can feel complex, celebrated and oftentimes a mix of the two. And that’s exactly why sister duo Vanessa and Kim Pham launched Omsom, a seed-stage food startup that sells packaged “starters” to recreate authentic Asian dishes at home. The starter contains sauce, spices and aromatics, and the co-founders […]

Facebook’s social Zoom competitor Messenger Rooms goes live globally

6 years 5 months ago
Zoom was never meant to be a social network, but the enterprise video chat app has become essential software for those looking to stay in touch with friends and family during the pandemic. Today, Facebook looks to steal back the service’s social video chat growth as it globally launches Messenger Rooms, its new group video […]

DigitalOcean raises $50M more from Access Industries and a16z

6 years 5 months ago
Earlier today, DigitalOcean announced that it raised $50 million more from prior investors Access Industries and Andreessen Horowitz. The capital comes after the SMB and developer-focused cloud infrastructure company raised nine-figures worth of debt back in February. DigitalOcean is a large private company that generated revenue at a run rate of around $250 million towards […]

Trump adds another year to Huawei/ZTE ban

6 years 5 months ago
Donald Trump this week signed an extension of last year’s national emergency declaration aimed at barring commercial trade with certain foreign telecom companies. The extension comes nearly a year to the day after the first order, this time extending things through May of 2021. Per the original language, the order invokes the International Emergency Economic […]

Microsoft is acquiring Metaswitch Networks to expand its Azure 5G strategy

6 years 5 months ago
Just weeks after announcing a deal to acquire 5G specialist Affirmed Networks, Microsoft is making another acquisition to strengthen its cloud-based telecoms offering. It’s acquiring Metaswitch Networks, a U.K.-based provider of cloud-based communications products used by carriers and network providers (customers include the likes of BT in the U.K., Sprint and virtual network consortium RINA. […]

Daily Crunch: Uber will require masks for drivers and passengers

6 years 5 months ago
Uber announces some COVID-19 related changes, Google’s Chrome browser is giving users a way to organize their tabs and the Senate rejects an amendment that would have raised the bar for law enforcement access to browsing data. Here’s your Daily Crunch for May 14, 2020. 1. Here’s how your Uber ride will change, starting May […]
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