Rent the Runway just closed a $125 million round led by Franklin Templeton Investments and Bain Capital Ventures. This round values the company at $1 billion. In total, Rent the Runway has raised $337 million in venture funding. “Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and…
Facebook has given another update on measures it took and what more it’s doing in the wake of the livestreamed video of a gun massacre by a far right terrorist who killed 50 people in two mosques in Christchurch, New Zealand. Earlier this week the company said the video of the slayings had been viewed…
On-demand video streaming site Kanopy has fixed a leaking server that exposed the detailed viewing habits of its users. Security researcher Justin Paine discovered the leaking Elasticsearch database last week and warned Kanopy of the exposure. The server was secured two days later on March 18, a spokesperson told TechCrunch. “We are currently investigating the…
Driven by rising customer expectations for proactive, smart services,the shift towards an outcome-based economy, and increased marketcompetition, IIoT has created new opportunities for manufacturersto cut costs, improve outcomes, and deliver modern customerexperiences. By connecting operational technology (OT), gathering vast amounts ofdata on just about anything that’s measurable in a factory, and enablinga new breed of…
Skymind, a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO…
Many of the themes and stories found in Hulu’s “Shrill” will be familiar to fans of writer Lindy West — after all, it’s based on her book “Shrill: Notes from a Loud Woman,” and she’s a writer on the series. But “Shrill” has mined the autobiographical material in West’s book to tell a fictionalized story…
Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans. The company said Wednesday it is launching the app in Europe, starting with the Netherlands. Local carriers and drivers will be able to book and move their first loads with Uber…
Exclusive Q&A. AI is to data analysis what a forklift is to heavy lifting, says Capacilon MD Jai Tamhane, and with the spotlight well and truly shining on the potential of AI to transform industry and enterprise as we know it, Internet of Business pulls up a chair for an in-depth conversation with the MD…
Today was the second half of Y Combinator’s two-day Demo Day for its Winter 2019 class. Over 85 startups pitched on stage yesterday, and another huge batch launched today. Previously held at the Computer History Museum in Mountain View, this YC Demo Day instead took over a massive warehouse in San Francisco. Like yesterday’s pitches,…
When Salesforce bought Quip in 2016 for $750 million, it was fair to wonder what it planned to do with it. While company founder Bret Taylor has moved up the ladder to chief product officer, Quip remained a standalone product. Today that changed when the company announced it was embedding Quip directly into its sales…
