SmileDirectClub, the at-home teeth-straightening startup, has just raised $380 million at a $3.2 billion valuation, the company announced today. Investors from Clayton, Dubilier & Rice led the round, which featured participation from Kleiner Perkins and Spark Capital. This funding comes on top of Align Technology’s $46.7 million investment in SmileDirectClub in 2016, and another $12.8 million investment
Accion Systems, the startup aiming to reinvent satellite propulsion with an innovative and tiny new thruster, has attracted significant investment from Boeing’s HorizonX Ventures. The $3 million round should give the company a bit of breathing room while it continues to prove and improve its technology. “Investing in startups with next-generation concepts accelerates satellite innovation,
Tech startups have found all kinds of ways to lend money to people who have either too little or not very good credit. The approach of a nearly two-year-old, 15-person San Francisco-based startup called Divvy Homes is among the more creative we’ve seen, even while we question (for now) whether it’s good for potential customers.
French speaker maker Devialet is arguably manufacturing some of the best sounding all-in-one speakers on the market, but they’ve always been too expensive for the average customer. With the Phantom Reactor, the company is releasing a cheaper speaker that still sounds great. At $999 (or €990/£990), Devialet is going for a wider audience of music
The biggest cryptocurrency exchange wants to make its coin listing process a bit less sketchy. In a Medium post on Monday, the company said that moving forward it would disclose fees that arise in the process of getting a coin listed on the exchange and donate all listing fees to charity. Specifically, its own charity:
Klarna, the payments startup out of Sweden that helps online shoppers arrange for financing at the point of sale, has picked up another strategic investor: fashion retailer H&M is taking a $20 million stake in the business, and with it, the two plan to build an “omni-channel” payments service across H&M’s physical stores — which
Gather round. The EU has a plan for a big update to privacy laws that could have a major impact on current Internet business models. Um, I thought Europe just got some new privacy rules? They did. You’re thinking of the General Data Protection Regulation (GDPR), which updated the European Union’s 1995 Data Protection Directive
Marshall hasn’t been been shy about capitalizing on its legacy. The legendary English amplifier company has plastered its name on cans of beer and a line of refrigerators. It’s not the most crass branding we’ve seen, but it’s pretty damn silly. At first glance, the same can be said for its line of bluetooth speakers
Apple, Amazon and Microsoft have already held their big fall events — and now it’s Google’s turn. Over the past couple of years, the October event has become an increasingly important platform, as the company continues to press into various hardware categories. And really, it’s Google’s last chance to make a big splash ahead of
Amazon has sold a lot of Echo Dots. Like a crazy, silly, unfathomable number of the things. Over the past two generations, it has arguably become the single-largest driver of the smart speaker craze. There’s nothing exceptional about the product, of course. It’s a simply designed hockey puck of a product, designed to mostly stay
Forward Health, the U.K. startup that has built an app to help healthcare professionals communicate in a secure and compliant way, has picked up $3.9 million in seed funding. Leading the round is Stride.VC, the new VC fund from Fred Destin, formerly a Partner at Accel, and Harry Stebbings, producer of the “The Twenty Minute
2018 has been a good year for ridiculous, gargantuan LEGO builds. Just weeks ago, there was that life size, driveable LEGO Bugatti. Now someone has gone and built a mega-sized recreation of Apple’s new Cupertino “spaceship” campus – otherwise known as Apple Park. Coming in at roughly 85,000 pieces, the build took designer Spencer_R a
Jake Bright Contributor More posts by this contributor Polestar unveils first production EV with aim to overtake Tesla Liquid Telecom goes long on Africa’s startups as future clients Nigerian digital payments startup Paga is gearing up for international expansion with a $10 million round led by the Global Innovation Fund. The company is exploring the release of its
Helping friends meet up offline has been a massive missed opportunity for Facebook . Whether because the brand is too creepy or the politely opt-in 2015 rollout of its location sharing feature wasn’t creepy enough, Facebook Nearby Friends never quite took off. Only 103 of my 1120 friends in San Francisco have it turned on.
Notoriously secret on one hand, Apple has never been one to shy away from speaking its mind on matters of principle. During this current period of societal tumult, the $1 trillion company has more to answer for than ever. In a new interview with VICE News Tonight on HBO, Apple chief executive Tim Cook talked
The education market has long been one of the cornerstones of growth for Apple’s hardware business, and today the company is leveraging its popularity in it, specifically among college-aged students, to build out a newer effort. Today, Apple started to integrate university student ID cards — used to access buildings, pay for food or books,
VC powerhouse Benchmark has filed to raise $425 million for its ninth flagship fund. While other firms close billion-dollar venture funds despite a history of smaller fundraises, Benchmark is sticking to its guns. The firm, known for its early bets on Twitter, Uber, Snap and WeWork, hasn’t fallen victim to the SoftBank effect. Longtime Benchmark general
The Department of Justice announced on Sunday that it has filed a lawsuit against California to block its new net neutrality law, just hours after it was signed by governor Jerry Brown. The lawsuit was first reported by the Washington Post. Senior Justice Department officials told the newspaper it is filing the lawsuit because only
VC firms haven’t been the only ones raising hundreds of millions of dollars to invest in a booming market. After 15+ years of being the last industry anyone wanted to invest in, the music industry is coming back, and money is flooding in to buy up the rights to popular songs. As paid streaming subscriptions
Since McKinsey released a report on how best to use prizes to incentivize innovation nearly a decade ago, an entire industry has grown around social innovation challenges. The formula for these “save the world” competitions has become standard. Drum up a lot of buzz around an award. Partner with big names to get funding and
At a Senate hearing this week in which US lawmakers quizzed tech giants on how they should go about drawing up comprehensive Federal consumer privacy protection legislation, Apple’s VP of software technology described privacy as a “core value” for the company. “We want your device to know everything about you but we don’t think we should,” Bud
Even if you never log into Facebook itself these days, the other apps and services you use might be impacted by Facebook’s latest big, bad news. In a follow-up call on Friday’s revelation that Facebook has suffered a security breach affecting at least 50 million accounts, the company clarified that Instagram users were not out
Lyft has released its second annual diversity report outlining the gender and racial breakdown of its 4,000-person workforce. At a glance, little has changed from last year’s report, which was the first time the $15 billion ride-hailing company disclosed its diversity stats. Forty percent of Lyft’s workforce is female, a slight decrease from last year’s 42 percent,
WikiLeaks has a new top dog. Its contentious figurehead and founder Julian Assange will step aside, letting former WikiLeaks spokesperson Kristinn Hrafnsson take the reins due to what WikiLeaks calls “extraordinary circumstances” that have seen Assange “held incommunicado.” Assange created the organization in 2006 and has served as its editor-in-chief ever since. Hrafnsson, an Icelandic
It’s official. Two weeks ago, we reported that Opendoor — the four year-old, San Francisco-based company aiming to make it possible to buy and sell residential real estate with a few key strokes — was close to sealing up funding from SoftBank. Today, it’s announcing that the ink is dry on the deal. The terms: SoftBank’s massive Vision
NASA has issued a report summarizing its official plans for exploring our solar system, and it makes for exciting reading — if you don’t mind that it comes with a dose of realism. Crewed missions to the moon’s surface; a semi-permanent base orbiting it; a Mars sample return mission; all these and more are there,
Disrupt Berlin 2018, Europe’s most exciting tech conference, takes place on November 29-30 and plays host to hundreds of early-stage startups and thousands of attendees. We’re talking boundary-pushing founders, investors, hackers and tech leaders. Not to mention legendary events like Startup Battlefield, the startup competition that’s launched more than 750 companies. Does your early-stage startup have
A federal appeals court has handed a defeat to Uber drivers who were suing the company in three separate lawsuits over claims that they were misclassified as independent contractors instead of full-time employees. The litigants must go through arbitration to pursue their claims against the company rather than have the claims heard in open court.
Google CEO Sundar Pichai will meet in private with Republican lawmakers on Friday to discuss issues including its work in China and alleged political bias, reports the Wall Street Journal. The meeting was organized by House Majority leader Kevin McCarthy, who has accused Google of “controlling the internet” by boosting negative news stories about conservatives
Amazon’s Echo Show will apparently also work like a little TV, not just a visual interface for Alexa and her many apps. When the newly announced 10-inch HD screen Echo Show begins shipping next month, it will offer support for Hulu – the first live streaming TV service to work on the screen-based Alexa device.