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Meet goPuff, A Low-key Delivery Company Worth $1 Billion

The food-delivery market is one with intense competition. The likes of DoorDash, Uber Eats, Postmates, Deliveroo, Swiggy, Just Eat, Yelp Eat 24, and more are steadily competing for global market share while also raising huge funding. Just recently, Deliveroo raised $575 million in a round led by Amazon. DoorDash has also raised $600 million Series G funding at a $12.6 billion valuation.

Amid the intense battle, it turns out there's one hot startup that has stayed low key to avoid the eye of rivals, but it seems word is getting out. That low-key hot startup is goPuff, an on-demand delivery service that was valued at $1 billion last November (after an investment), according to regulatory filings reviewed by The Information. goPuff ships products to customers from centrally located facilities -- as opposed to direct pickup from stores -- in 81 U.S. cities.


The company -- based in Philadelphia -- stocks more than 3,000 products at its facilities which it then ships to customers who o…

Amazon Starts Shipping Echo Auto After More Than 1 Million Pre-orders

Amazon has began shipping the Echo Auto, one of the several new Alexa-enabled devices the company announced last year September. Alongside the Echo Auto, Amazon also unveiled several other Alexa-enabled gadgets including a microwave, clock, security camera and a smart plug.

Amazon tells TechCrunch over 1 million pre-orders were placed for the Echo Auto, signalling high interest in the device, which is basically a digital assistant for automobiles. Using the Echo Auto, car owners can link Amazon Alexa to their smartphones, and then perform several auto-related tasks such as playing music via car speakers, opening the garage door, finding the nearest gas station, and listening to the news while on the go, all via voice command.


Before now, the Echo Auto had only been available on an invite-only basis, with a few users having already set their hands on the device just in time for Christmas, according to Amazon VP Steve Rabuchin. Why the Echo Auto remained open only for pre-orders for so…

Big VC Wins From Slack's Public Debut

Slack filed to go public late April and has just achieved that with a direct listing that saw its stock jump nearly 50% on its first day of trading. Slack's prior SEC filing showed significant stakes held by VC firms, including Accel (24%), Andreessen Horowitz (roughly 13%), the Softbank Vision Fund (7.3%) and Social Capital (more than 5%).

With Slack's valuation on the public markets hitting $20 billion, investors that backed Slack have reaped major wins, including those that participated in the company's most previous $427 million round that came with a $7.1 billion post-money valuation. To name a few, Accel which poured in $200 million into Slack now commands a stake worth $4.6 billion. Softbank which got in quite late by leading a $250 million round at a $5.1 billion valuation now commands a stake worth roughly $1.5 billion.


Even Andreessen Horowitz whose co-founder Ben Horowitz termed Slack as an "accidental" investment now commands a stake worth roughly $2…

Facebook Unveils Digital Currency

After several reports of Facebook working on a digital currency, the company has officially unveiled just that. Today, Facebook divulged details of a new cryptocurrency, Libra, that'll let people purchase things or transfer money to people with close to zero fees. Users will be able to buy or cash out their Libra online at local exchange points, and spend it using third-party wallet apps or Facebook's newly announced wallet, Calibra. Calibra will be offered as both a standalone app, and within the WhatsApp and Messenger apps.

 Facebook won't exert full control of Libra, but has instead assembled a team of founding members that'll each get a single vote (including Facebook itself) in the governance of the new digital currency. The partners (a quite reputable list) have each invested at least $10 million into Libra's operations. They include:
StripePayPal CoinbaseVisaMastercard PayU UberLyftSpotifyBooking Holdings Farfetch Andreessen Horowitz Vodafone Thrive Capital …

Magic Leap Said To Be Raising More Funding

Magic Leap, a Florida-based augmented reality startup that's already garnered some $2.6 billion in funding, is raising even more funding according to a report from Variety. A spokesperson for the company further confirmed Variety's report, stating that Magic Leap "is in the midst of a significant financing round". “We have already closed a major portion of this round, some as equity and some as convertible debt that will become equity when the round is complete. The participants in this round include existing investors, new investors, and strategic partners.” The spokesperson said.

Initial signs of Magic Leap seeking more funding surfaced in August, when the company assigned all of its patents to JPMorgan Chase as collateral. Reports of the transfer recently surfaced on Hacker News, a popular technology-focused social news website/forum, where several commenters evinced that such arrangement could be an indicator of financial struggles. However, such arrangement isn…

AT&T set to acquire Digital ad-tech unicorn AppNexus for over $1.6 Billion

image credit : AppNexus

Telecom giant AT&T which provides a vast range of digital services to a huge number of customers around the world has now been confirmed to be acquiring NY based programmatic online advertising company AppNexus for a huge price between the range of $1.6 Billion -$2 Billion.

AT&T is making this huge acquisition of the company which provides a cloud based advertisement marketplace and raised over $300 million from various investors in order to add to AT&T's growing list of digital services with AppNexus being added to the company's advertising and analytics division.

This will also represent a huge addition to AppNexus's ecosystem as AT&T currently counts over 170 million direct to consumer relationships which AppNexus can hugely tap into and leverage for the expansion of its ad technology services.





AppNexus is notable for raising over $300 million from various investors including Khosla Ventures, Tribeca Venture Partners, Yahoo! Japan…

Facebook Reportedly Working On Cryptocurrency For WhatsApp Transfers

According to a Bloomberg report, Facebook is working on a cryptocurrency that will enable users transfer cash on its WhatsApp messaging app with a first focus on the Indian remittances market. The report says the company is developing a stablecoin - crypto pegged to a currency or exchange traded commodities to minimize volatility - for this.

"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," a company spokesman said in a statement. "This new small team is exploring many different applications. We don’t have anything further to share."


Former PayPal president David Marcus currently leads the company's blockchain initiatives so moves like this to take stand in the payments market are likely. Going by employee titles on LinkedIn, Facebook currently has about 40 people on its blockchain group signaling a hiring spree for the unit.

India has over 200 million users and counts as the world's largest remittances…

Microsoft Hires Former U.S. AG To Probe AnyVision

Microsoft has said it has hired Eric Holder, a famed lawyer who served as the Attorney General of the U.S. from 2009 to 2015, to investigate if AnyVision, an Israeli AI company it invested in, violated Microsoft's ethics regarding use of facial recognition technology. Quoting a Microsoft spokesperson, Holder's team of former federal prosecutors "will move quickly, reviewing documents and conducting on the ground interviews with AnyVision employees and others to ensure a full and thorough investigation."


NBC News earlier reported Holder's hire. The news outlet previously reported that facial recognition technology developed by AnyVision had powered a secret military surveillance project for the Israel army that monitored Palestinians in the West Bank. According to NBC News, the project was so successful that AnyVision won Israel's top defense prize in 2018 for preventing "hundreds of terror attacks" using "large amounts of data." AnyVision…

Magic Leap, Microsoft and others said to be bidding on AR army combat contract

Florida based Magic Leap, The AR hardware manufacturer valued at $6.3 billion from a most recent funding round and also known for a release of its first developer focused AR hardware of its first Creator's Edition augmented reality headset just last month has now been reported to be pushing to land a contract with the U.S. Army for development of AR  devices for soldiers to make use of in combat missions.

As per Bloomberg, The contract which could see the military purchasing up to 100,000 headsets as part of an initiative whose total cost could exceed $500 million is also being talked up with tech giant Microsoft.

The program currently known as HUD 3.0 (HUD standing for “heads up device”) is said to have been stirred for years in the armed forces with preparations being made for what entails a construction of a physical headset made to overlay digital images in the physical world in addition to a software platform to be used for both training and live combat.

Details concerning t…

Airbnb Seals Nine-Year Olympics Sponsorship Deal

The International Olympic Committee (IOC) has announced it has sealed an agreement with Airbnb that entails the online accommodation marketplace joining The Olympic Partner Programme (TOP), the highest level of sponsorship offered by the Olympic Committee. Under the program, Airbnb will be a sponsor for the Olympic Games, with a contract that runs for a nine-year period. According to The Financial Times, Airbnb's sponsorship deal is valued at $500 million.


As a global partner, Airbnb will be a sponsor for the Olympic Games Tokyo 2020, the Olympic Winter Games Beijing 2022, the Olympic Games Paris 2024, the Olympic Winter Games Milano Cortina 2026 and the Olympic Games Los Angeles 2028. The partnership also covers Paralympic Games from 2020 through 2028.

Such partnership, centered mainly on marketing and brand awareness, is conventionally bound to bring in more business for Airbnb. Airbnb said the partnership will generate "hundreds of thousands of new hosts" on its plat…