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Auterion, a startup that offers a drone operating system built on top of the popular PX4 open source software, has landed $10 million in seed funding. Backing the round is Lakestar, Mosaic Ventures, Costanoa Ventures, and Tectonic Ventures.
The young Swiss company says the injection of cash will be used to work closely with the wider PX4 community to further develop the open source code, and to bring the technology to more enterprise customers in the form of the Auterion platform.
Soft-launched earlier this year, Auterion has created a fully-managed operating system for commercial drones and in turn wants to help solve the interoperability problem between drones and services in which there is currently no unifying standard. Getting the industry to come together around a single standard would also help various companies in the drone ecosystem compete better with DJI, which leads the market by a long stretch.
“The commercial drone industry is fragmented,” Auterion co-founder and co-CEO Kevin Sartori tells me. “Satisfying these heterogeneous commercial applications will inevitably demand a broad portfolio of resources and talents to deliver complex vertical solutions. Such complex and complete solutions are difficult for a single vendor to successfully build and deliver. Auterion builds the open infrastructure (operating system) so that suppliers, manufacturers, and service companies can respond the demand in the market and build their product and services on top of global standards.”
A drone operating system runs on the embedded flight controller and on a Linux computer on board of the vehicle. The flight controller takes care of the flight performance and payloads (position, attitude, camera control) whereas the more performing Linux computer can run custom third-party apps like obstacle avoidance, flight performance analytics, and take care of data streaming over LTE. Auterion’s operating system takes care of both and is able to remotely provide software updates to the embedded flight controller and Linux computer.
Meanwhile, to enable the highest possible levels of integration between products, Auterion says it works in close collaboration with other Dronecode members (the body maintaining open source drone software), including 3D Robotics, Airmap, ARM, Intel, NXP, Sony, STMicroelectronics, and Trimble. Auterion is also the largest contributor to the PX4 ecosystem.
Noteworthy is Auterion’s other co-founder, Lorenz Meier. He is the creator of the most widely used open source standards in the drone industry (PX4, Pixhawk, MavLink, and QGC) and was named an MIT Innovator in 2017.
“Open source software on its own is difficult to adopt and there’s no guarantee of functionality,” explains Sartori, likening Auterion’s mission to that of Red Hat. “Auterion packages the open source code into a managed and long-time supported distribution that makes it easy to use for enterprises. We also offer all the supporting services (cloud analytics, predictive maintenance, unmanned traffic management) as a turnkey solution”.
To that end, Sartori says Auterion’s typical customers are drone service providers that buy and maintain a drone fleet to offer services to large enterprises and Fortune 500 companies, along with large enterprises that want to offer that service internally within a business unit (e.g. utility companies, police etc). The company also targets drone OEMs that build drones for commercial applications.
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Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital.
A number of existing investors also participated, such as Andreas Kemi, an early investor in LogMeIn and co-founder of Scala Business Solutions, and Márton Anka, founder of LogMeIn. I also understand the round included some secondary funding, meaning not all of the cash has entered Tresorit’s balance sheet.
Operating in the enterprise cloud storage and collaboration market, Tresorit provides what it describes as zero-knowledge encryption technology and unique encryption key management. The high level pitch is that the company is able to offer on-premise equivalent security for businesses while offering the type of simple user experience we have come to expect in consumer apps. It serves more than 17,000 customers and says it has grown recurring revenue by an average of 3x every year in the last three years.
Meanwhile, Tresorit will use the new Series B funding to further accelerate this growth by tapping into what it says is rising demand for secure cloud solutions, in light of a plethora of high profiles security breaches seen at major enterprises in recent years. This will include beefing up its management team with the aim of scaling up marketing and sales, and establishing new channel partners.
“We are at an inflection point with our business as awareness regarding data protection and cybersecurity threats is getting stronger and demand is set to grow exponentially for our service in and outside of Europe,” says Tresorit founder and CEO Istvan Lam.
He also says there is large market potential in channeling traditional IT expenditure into the cloud, citing a recent Deloitte survey indicating that traditional IT expenditure still accounts for two-thirds of all IT spending, while only one-third goes towards IT-as-a-service.
“Many enterprises are holding back from migrating to the cloud due to security and privacy concerns. With security guaranteed by end-to-end encryption, more businesses can and will choose Tresorit’s cloud solution,” adds Lam.
To that end, Tresorit recently launched a Beta version of “Tresorit Send,” a standalone file sharing product that offers a secure and encrypted alternative to unreliable file transfer sites and email attachments. The idea, presumably, is for the product to act as a shop window for the Tresorit user experience and the company’s broader end-to-end encryption offering.
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As cryptocurrencies emerge from the speculative bloodletting of the past months, believers in the promise of distributed ledger technologies for business and consumer applications are casting about for what comes next.
On our stage at Disrupt San Francisco we’ll be welcoming some of the leading thinkers in how distributed ledgers can create an entirely new architecture for computing and new processes for almost every conceivable transaction framework.
For Brian Behlendorf, the executive director of Hyperledger, distributed ledger technologies represent a powerful path for the future of networked computing — no matter the underlying technology. That’s why Behlendorf –through the Linux Foundation — is investing resources in ensuring that viable open source distributed ledger projects are supported and coming to market for any number of applications for businesses and consumers.
One of the leading lights of the internet revolution, Behlendorf’s career shaping the future of the networked world began in 1993 when he co-founded Organic Inc. — the first business dedicated to building commercial websites. Going on to become one of the foundational architects of the Apache http protocol, Behlendorf has served as the chief technology officer of the World Economic Forum and as an executive director for the technology investment fund, Mithril Capital.
Meanwhile, Parity Technologies is attempting to ensure that businesses don’t need to worry about the underlying technologies at all. Selling a suite of services that are all enabled by distributed ledger technologies and cryptographic computing, Jutta Steiner is giving businesses a way through the maze of competing protocols with a service that can enable the creation and adoption of distributed apps for businesses.
“We see it as a way for people to build blockchains that fulfill their particular needs,” Steiner told our own Samantha Stein at our Blockchain event earlier this year in Zug. “One of the challenges we’re addressing in this is to come up with a scalable framework.”
Before Parity, Steiner was responsible for security and partner integration within the Ethereum Foundation when the public blockchain first launched in 2015. Steiner also co-founded Project Provenance — a London based start-up that employs blockchain technology to make supply chains more transparent.
Supply chains are at the heart of Tradeshift’s offerings — and the company is hoping that distributed ledgers will be too. That’s why the company created Tradeshift Frontiers, an innovation lab and incubator that will focus on transforming supply chains through emerging technologies, such as distributed ledgers, artificial intelligence and the Internet of Things.
“The use cases we’re working through Frontiers cover a very wide variety of themes, including supply chain financing, asset liquidity, and supply chain transparency,” said Gert Sylvest, co-founder and GM of Tradeshift Frontiers, at the time. “There is so much more potential than just cryptocurrencies.”
That potential will be one of the things that Sylvest, Steiner, and Behlendorf discuss. We’ll hope you’ll be in the audience to listen.
Disrupt SF will take place in San Francisco’s Moscone Center West from September 5 to 7. The full agenda is here, and you can still buy tickets right here.
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Countingup, the U.K. fintech that provides a business bank account that combines bookkeeping, has raised £2.3 million in seed funding. Leading the round is Forward Partners, with participation from previous backer Frontline Ventures, and JamJar Investments.
Founded last year by Tim Fouracre, who previously founded cloud accounting software Clear Books, Countingup wants to simplify the life of sole traders and other small businesses by reinventing the business current account. Fouracre’s vision is that for small enterprises, business banking and accounting software should be merged so that bookkeeping and filing accounts can be a lot more automated.
“If you are running a business then bookkeeping is a chore, wastes your time and is boring,” the Countingup up founder told me last year. “Your bank surprises you with hidden fees and you’ve probably lost faith in their customer service. Countingup is making starting and running a business really simple… We’re doing that by combining accounting and banking into one simple smartphone app”.
After downloading the Countingup for iOS or Andriod, you are able to open a current account on your smartphone in a claimed 5 minutes. The account comes with a U.K. sort code/account number and a contactless Mastercard. The accounting functionality currently includes a profit and loss report, bookkeeping categorisation and the ability to attach receipts to transactions.
However, the big feature that will be launched later this year is invoicing, while things like “automated receipt scanning,” and tax calculations and filing are also in the 2018 roadmap.
Fouracre says Countingup wants to be the financial platform for 1 million U.K. small businesses. It already has four thousand customers and I’m told is signing up new users at a rate of 1,500 businesses per month.
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Starry wants to change the way the home internet is delivered. Founded in 2014, the Boston-based startup takes an innovative approach to the space by beaming broadband speed internet through the air, using millimeter waves.
The company’s novel technique has drummed up great interest during its four years of existence, offering the potential to circumvent the need to lay down fiber-optics and shake up ISP lockdowns. Investors have certainly been paying attention. In July, the startup raised another $100 million, bringing its total up to $163 million.
The company has been piloting its service for a couple of years now, starting in its native Boston and rolling out to a handful of other American metropolitan areas, including testing in Los Angeles and Washington, DC, both of which arrived this year. In January, Starry teamed up with networking manufacturing giant Marvell to help distribute the startup’s technology across the globe.
Starry CEO Chaitanya “Chet” Kanojia will be joining us next week at Disrupt San Francisco to discuss his company’s growth and the future of its cutting edge internet technology. Prior to founding Starry, Kanojia also served as the founder and CEO of TV streaming platform Aero and media advertising company Navic Networks, which was acquired by Microsoft in 2008.
Disrupt SF will take place in San Francisco’s Moscone Center West from September 5 to 7. The full agenda is here, and you can still buy tickets right here.
Disrupt SF will take place in San Francisco’s Moscone Center West from September 5 to 7. The full agenda is here, and you can still buy tickets right here.
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At TechCrunch Disrupt 2018, Uber’s Chief Diversity and Inclusion Officer Bo Young Lee will be joining us to talk about the ride-sharing company’s efforts to put detoxify its corporate culture and promote a more inclusive environment for employees.
Lee was hired as the company’s first chief diversity and inclusion officer this past January, after leaving insurance company Marsh LLC where she held a similar role.
Uber has obviously had its fair share of issues with fostering an inclusive culture, they’ve made some public efforts to showcase that the company was making active efforts to promote internal change and they seem to at least be having a more peaceful 2018 than 2017 — in terms of news surrounding the company’s culture. Nevertheless, there has still been plenty of movement surrounding diversity at the company even after Lee’s hire.
In April, the company released its first diversity report under new Uber CEO Dara Khosrowshahi showing some slight improvements with the percentage of female employees (38 percent) at the company, while there was a slight drop in black representation and a bump in Latinx representation.
In June, the company’s Chief Brand Officer Bozoma Saint John left the company, noting in an interview with TechCrunch that Uber had made some improvements but still had work to do. “I’m not saying the corporate culture has righted itself 100 percent,” John said. “Or it’s where it needs to be today. It isn’t. There’s still a lot to be done in that regard.”
In July, the company’s Chief People Officer Liane Hornsey, whom Lee reported to, resigned from the company following a racial discrimination investigation that targeted how the executive was handling complaints.
There’s obviously plenty to talk about in terms of the company’s own diversity efforts, we’re also looking forward to picking Lee’s brain about broader trends around inclusion in the tech industry and where her cautious optimism lies.
Disrupt SF will take place in San Francisco’s Moscone Center West from September 5 to 7. The full agenda is here, and you can still buy tickets right here.
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Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by a source close to the company. DST Global has led the more than $200 million financing, with participation from Andreessen Horowitz and Sequoia — all of which were existing investors in the company.
Rappi kicked off its business delivering beverages and has since expanded into meals, groceries and even tech and medicine. You can, for example, have a pair of AirPods delivered to you using Rappi’s app. The company also has a popular cash withdrawal feature that allows users to pay with credit cards and then receive cash from one of Rappi’s delivery agents.
Rappi charges $1 per delivery. To help keep costs efficient, the company’s fleet of couriers use only motorcycles and bikes.
Simón Borrero, Sebastian Mejia and Felipe Villamarin launched the company in 2015, graduating from Y Combinator the following year. From there, Rappi quickly captured the attention of American venture capitalists. A16z’s initial investment in July 2016 was the Silicon Valley firm’s first investment in Latin America.
The new capital will likely be used to help Rappi compete with Uber Eats, which is active across Latin America.
The round for Rappi is notable for a Latin American company, as is its new unicorn status. Only one other Latin American startup, Nubank, has surpassed a billion-dollar valuation with new venture capital funding so far in 2018. São Paulo-based Nubank makes a no-fee credit card and is also backed by DST.
Investment in Latin American tech continues to reach new highs. In the first quarter of 2018, more than $600 million was invested. That followed a record 2017, which was the first time VCs funneled more than $1 billion into the continent’s tech ecosystem during a 12-month period.
The rise in investment is mostly due to sizable fundings for companies like Rappi and Nubank, as well as Brazil-based 99, which sold to fellow ride-hailing business Didi Chuxing in a deal worth $1 billion earlier this year.
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iOS 12 beta testers have been plagued with a frustrating bug that continually pops up messages alerting them that a new iOS update is available when, in fact, it’s not. Apple has now fixed this bug, which is patched in the latest iOS 12 betas rolling out now, we understand.
The bug first made headlines on Thursday, when a number of iOS 12 beta testers – including developers and those on the public beta program – began to complain on social media about the problem. All users were seeing a pop-up message that read, “A new iOS version is now available. Please update from the iOS 12 beta.”
Users could close this window with a tap, but the same pop-up would reappear at regular intervals. There was nothing to be done about it, because the message itself was wrong – there was no new beta available for download at the time.
A new iOS update is now available. Please update from the iOS 12 beta.
A new iOS update is now available. Please update from the iOS 12 beta.
A new iOS update is now available. Please update from the iOS 12 beta.
A new iOS update is now availab
— Nick Abouzeid (@nickabouzeid) August 31, 2018
All of my devices: “A new iOS update is now available. Please update”
Narrator: “A new version, in fact, was not available.”
— Ish (@ishabazz) August 31, 2018
While it’s true that beta versions of software can have glitches and bugs, the iOS 12 beta has been, arguably, one of the most stable to date. For many people, the bug was one of the first times they had a serious issue with running the beta software.
Some had figured out yesterday that you could adjust the system date and time to turn off the non-stop notifications, but this was bad advice. Messing around with the system clock can introduce a host of other issues, like missing calendar appointments or reminders, for example.
Apple was aware of the issue, and has thankfully introduced a fix before the long holiday weekend here in the U.S.
The fix is available in both the new developer beta and the public beta, out now.
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Demand for sustainable coffee is growing, a boon for socially conscious coffee lovers — but many small growers are missing out because they lack the ability to verify that their coffee beans are grown using fair labor and eco-friendly practices. In fact, verification is often accessible only to large coffee estates or cooperatives. Enveritas wants to change that. The nonprofit, which recently completed Y Combinator’s accelerator program, uses geospatial analysis to make the process more efficient, enabling it to offer free verification to small farms.
Enveritas’ goal is to end poverty in the coffee sector by 2030. Before founding Enveritas in 2016, CEO David Browning and head of operations Carl Cervone worked at TechnoServe, a nonprofit that serves businesses in developing economies. Browning led TechnoServe’s global coffee practice, while Cervone advised coffee growers in Africa, Asia and Latin America about sustainability trends.
Browning tells TechCrunch that TechnoServe’s coffee team spent a lot of time working with small farmers, many of whom don’t have access to sustainability verification because their farms are too remote or small. The typical coffee grower served by Enveritas has less than two hectares of land, lives on less than $2 a day and relies on cash crops for their family’s income.
“The existing solutions work well for large estates and it can also be effective for farmers organized into cooperatives, but many of the world’s coffee farmers are smaller farmers and not organized into estates,” Browning explains. “For those farmers, the existing solutions can be more difficult to access.”
Part of the reason is because many verification solutions rely on field workers who visit farms and track sustainability standards using pen and paper, a time-consuming and costly process.
To develop a more efficient and scalable system, Enveritas uses geospatial and machine learning to identify coffee farms through satellite imagery and monitor for issues like deforestation. Though it still relies on local partners to visit farms and confirm that sustainability standards are being followed, its technology enables Enveritas to provide verification services for free.
Enveritas checks for 30 standards, which it divides into three categories: social, environmental and economic. “Social” includes no child labor and workers’ rights; “environmental” checks for problems like deforestation, pollution or banned pesticides; and “economic” covers fair wages, ethical business practices and transparent pricing, among other standards.
The organization currently operates in 10 countries, including Uganda, Indonesia, Ethiopia, Nicaragua and Costa Rica, with plans to expand into more markets.
Sustainable coffee isn’t just in demand by caffeine lovers with a penchant for social justice. Many of the world’s biggest coffee companies, including Illy and Starbucks, have launched sustainability initiatives as part of their corporate responsibility measures. Offering coffee grown using fair labor or environmentally friendly practices also helps differentiate their products in a crowded marketplace. Research by the National Coffee Association, an American trade group, recently found that many millennials prefer sustainable coffee, with up to two-thirds of 19 to 24-year-olds surveyed said they pick their coffee based on whether it was grown using environmentally friendly practices and fair labor.
While coffee is currently its main focus, Browning says Enveritas’ system can be applied to other agricultural products that need more visibility in their supply chains. For example, it also can be used to verify the sustainability of cocoa, cotton and palm oil.
As a nonprofit, Enveritas faces different funding challenges from other tech startups. Browning says it is currently at the equivalent of being ready for a Series A. Much of its backing comes from coffee companies (Enveritas can’t disclose which ones) that hope to benefit from Enveritas’ solutions.
“One of the advantages of this system is that it reduces the cost for coffee companies relative to the traditional pen and paper system, but it’s also simultaneously free for farmers,” Browning says. “That’s one of the most compelling innovations, so it’s a win-win for both.”
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Get ready for a leaked look at the new iPhone XS. 9to5Mac has gotten its hands on an image of Apple’s next generation of iPhone hardware, and the future looks pretty swanky.
The leaked image showcases the new sizing of Apple’s soon-to-be-unveiled flagship bezel-less devices, which likely will have 5.8-inch and 6.5-inch screens, respectively. The phones will be called the iPhone XS, according to the report. The pictured devices represent the higher-end OLED screen models, not the cheaper rumored notch LCD iPhone.
The device will feature a new gold color shell. The iPhone X is currently available in space gray and silver.
Image credit: 9to5mac
A picture is worth a thousand words, but there are still a lot of details we’re waiting on here obviously. Apple is expected to show off the new phone hardware as well as a new version of the Apple Watch at a hardware event on September 12.
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