5G reportedly coming to premium iPhones in 2020, all models in 2021
The latest report from renowned Apple leaker Ming-Chi Kuo already has an eye on 2020 and beyond. The news lines up with other reports around future iPhones, noting that the high-end versions of the handset are set to get 5G in the second half of next year. By 2021, all models are set to be on-board with the next-gen wireless standard.
The report is in line with recent rumors that have the company holding off on 5G until 2020. That puts Apple somewhat behind the curve of a number of Android manufacturers that have been racing to get the technology to market. Of course, those companies (including Samsung, LG and even OnePlus) may be putting the cart before the horse, with wireless carriers providing extremely limited access to the tech through the end of 2019.
Apple’s push into 5G is believed to be a primary driver behind the company’s recent decision to make nice with Qualcomm, though Kuo believes that the company is shooting for 2022/2023 to begin manufacturing its own wireless chips. That would help Apple further divorce itself on reliance from third-party component makers, which seems to have been the plan all along.
The report has Apple continuing to release three models of iPhone later next year. The list includes 5.4-inch and 6.7-inch OLED models, making the smaller iPhone even smaller and the larger even larger. The XR successor, meanwhile, would maintain a 6.1-inch display, getting upgraded to OLED next year, while only offering up an LTE modem — a move that could muddy the waters a bit for consumers.
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India’s Bounce raises $72 million to grow its electric scooters business
Bounce, a Bangalore-based startup that offers thousands of electric scooters for rent in India, has raised $72 million to accelerate its bid to impact how people navigate India’s traffic-clogged urban areas.
The Series C funding round for the five-year-old startup was led by B Capital — the VC firm founded by Facebook co-founder Eduardo Saverin — and Falcon Edge Capital. Chiratae Ventures, Maverick Ventures, Omidyar Network India, Qualcomm Ventures and existing investors Sequoia Capital India and Accel Partners India also participated in the round.
This new money means that the startup has raised $92 million to date. The current round valued it at more than $200 million, a person familiar with the matter said.
Bounce, formerly known as Metro Bikes, operates in Bangalore. Its app allows users to pick up a scooter and, when their ride is finished, drop it off at any parking spot. It charges customers based on the time and model of electric scooter they choose. An hour-long ride could cost as little as Rs 15 (21 cents). The startup claims it has already clocked two million rides.
Vivekananda Hallekere, co-founder and CEO of Bounce, told TechCrunch in an interview that the startup plans to use the fresh capital to add more than 50,000 electric scooters to its fleet by the end of the year, up from its current mix of 5,000 electric and gasoline scooters. Additionally, Bounce, which employs about 200 people, plans to enter more cities in India and invest in growing its tech infrastructure and head count.
“We have about 10 metro and non-metro cities in mind. Starting next quarter, we will start to expand in those cities,” he said. The startup also aims to service one million rides in the next year.
Hallekere said Bounce, which currently offers IoT hardware and design for the scooters, is also working on building its own form factor for scooters.
The rise of Bounce comes as it bets that shared two-wheeler vehicles — already a common mode of transportation in the nation — will play an important role in the future of ridesharing, with electric vehicles replacing petrol ones.
This bet has gained more momentum in recent years. Startups such as Yulu, which partnered with Uber earlier this year to conduct a trial in Bangalore; Vogo, which raised money from Uber rival Ola; and Ather Energy have expanded their businesses and gained the backing of major investors.
Their adoption, though still in their nascent stages, is increasingly proving that for millions of people, rides from Uber and Ola are just too expensive for their wallets. Besides, in jam-packed traffic in Bangalore and Delhi and other cities in India, two wheels are more efficient than four.
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Clockwise nabs $11M Series A to make your calendar smarter
Almost every organization, regardless of size, is inundated with meetings, so much so it’s often hard to find dedicated time to do actual work. Clockwise wants to change that by bringing machine learning to the calendar to help employees free up time. Today, it announced an $11 million Series A investment, and made the product, which had been in beta, generally available.
The round was co-led led by Greylock and Accel . Other investors included Slack Fund, Michael Ovitz, Ellen Levy, George Hu, Soraya Darabi, SV Angel and Jay Simons. The company has raised a total of $13 million.
Matt Martin, CEO and co-founder at Clockwise, says the company’s mission is to help employees make time for what matters, and they are doing that by applying machine learning to the calendar to free up blocks of time to concentrate on work. Calendars have tended to be pretty static, and this provides a way to bring a level of intelligence to automatically shift meetings to a better time when it makes sense.
After you download Clockwise you can set parameters for which meetings can be moved and which are set in stone, and other preferences. As Martin wrote in a blog post announcing the new tool, this gives employees “uninterrupted blocks of time to focus, think and innovate.” For now, it’s available for G Suite users.
Gif: Clockwise
You may think this is a one-trick pony that will be hard to scale, but Martin says in the past few months, Clockwise has recovered thousands of hours, and as they gain more data, the tool will get even more intelligent about meeting shifting.
Certainly his investors see the potential. John Lilly, who is leading the investment at Greylock, believes Clockwise is filling a huge unfilled need inside organizations. “Clockwise is focused on helping individuals and teams retake ownership of their time. This is not an easy feat — building the Clockwise product requires a sophisticated understanding of machine learning, user interaction and systems design breakthrough,” Lilly said.
Clockwise founders were part of the team at RelateIQ, a company Salesforce bought for $390 million in 2014. Since leaving RelateIQ they decided to put that experience to work on making the calendar more efficient.
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After Loot runs out of cash, founder and 17 team members join RBS’ digital bank Bó
Ollie Purdue, the founder of Loot, the current account aimed at millennials that went into administration last month after running out of cash, is joining Bó, the digital bank being developed by RBS-owned Natwest, TechCrunch as learned.
He’ll take up the position of chief product officer and will lead product development for the new brand, reporting to Bó CEO Mark Bailie. I understand that Purdue is also to be joined by 17 other ex-Loot team members, spanning product, marketing and design functions.
Echoing a crop of fast-growing independent U.K. challenger banks, the yet-to-launch Bó is being built on a new technology stack, operating as a separate unit and tech platform from RBS’ legacy operations. In other words, a startup within but supported by an incumbent bank. I’m hearing from my own sources that the digital bank is already up and running and is almost ready to go live, with around 1,000 RBS employees actively testing the product before a public launch this year.
Meanwhile, that Purdue and almost one-third of the Loot team is joining the RBS venture is particularly intriguing, given that RBS was an investor in Loot and was thought to be close to acquiring the startup before ultimately pulling out of the deal. This led to Loot scrambling for additional funding, which it was unable to obtain in time before running out of cash entirely after existing investors decided not to follow on.
Specifically, Royal Bank of Scotland Group indirectly owned a 25% stake in Loot via an investment by Bó! In January this year, RBS announced that Bó had invested £2 million in Loot following an initial investment of £3 million in July 2018.
It was also presumed by many fintech insiders that Loot had been white-labeled and was powering the Bó product. Clearly that was never the case, leaving questions unanswered around why RBS/Natwest would invest in a competitor, only to see its demise six months later. Now we know that it wasn’t for a lack of talent at Loot, as there appears to be little bad blood between Purdue and RBS. There are always multiple parties and dynamics involved in an acquisition.
To that end, one source tells me that Bailie was the main champion for Loot within RBS and that he was likely a draw for the Loot founder and other members of the Loot team. I also understand that Purdue and team feel they have unfinished business within the consumer digital banking space and that with the full resources of RBS they’ll have an opportunity to continue what they started at Loot.
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Meet Hatch Baby’s portable, Wi-Fi-enabled sleep device Rest+
Menlo Park-based Hatch Baby has prided itself on introducing “smart” nursery devices — including Grow, a changing pad with a built-in scale and Rest, a device doubling as a sound machine and night light.
Now, the company is introducing an updated version of Rest, with Rest+ as part of an effort to help further establish Hatch Baby in the family sleep space.
The Rest+ device will still have the sound machine, night light and a “time to rise” feature found in the original. But, with feedback from many customers and Amazon reviews, Hatch Baby has now included the addition of an audio monitor and a clock.
The audio monitor is essential for letting parents check in on baby while they sleep without going into the room and potentially waking the baby.
The clock is also a fantastic addition, in my opinion, especially for those with toddlers who can read numbers. These little people are big enough to get out of their beds but not mature enough to know moms and dads need to sleep at 4 a.m. Often advice passed from parent to parent is to put a clock in the baby room and tell kids not to come out until it shows a certain number.
It also helps establish healthy sleep habits in little ones. Most toddlers (ages one to three) need about 12 to 14 hours of sleep in a day, spread out between nighttime and naps, according to the National Sleep Foundation. However, as any parent knows, the older a baby gets, the harder it is to get them to want to go to bed.
Rest+ features include:
- Audio monitor: Parents can now check in on their child in their room without the risk of disrupting their little one’s sleep, right from their phone — no extra gadgets necessary.
- Sound machine: Parents can choose from a range of sound options, from white noise to soft lullabies. They can simply crank up the volume remotely when the dog barks or the neighbors throw a party.
- Night light: This feature, which stays cool to the touch, provides soft and soothing lighting for midnight feeding sessions or bright and reassuring light when the dark feels scary for older kids. Parents and kids can choose from a rainbow of colors to make it their own, but the optional patented toddler-lock setting makes sure that parents are the only ones in control, when needed.
- Time-to-Rise: Green means go! This feature enables parents to teach toddlers and preschoolers to stay in bed until it’s time to rise once the light changes color (and enjoy those extra minutes of sleep).
- Clock: Rest+ features an easy-to-read clock so parents can stay on track with their busy schedules and can help teach children to read numbers.
Any one of these features could cost parents a good amount of dough when purchased separately. A Philips Avent audio monitor runs just under $100 on Amazon, for example. However, Rest+ is just $80 (slightly more than the original $60 price tag for the Rest device), for all five features.
Something else that may make the Rest+ attractive to parents — it is Wi-Fi-enabled and portable so you can take it with you when you travel.
Whipping a sound machine, nightlight, audio monitor and clock all into one portable, Wi-Fi-enabled device can also save precious space in the nursery, and makes this a must-have item for many parents hoping for just a little bit more sleep.
Hatch Baby co-founder Ann Crady Weiss tells TechCrunch the Rest+ will only be available on the Hatch Baby site and is part of a plan to launch a full line of products aimed at getting parents — and their children — more precious sleep. Though she wouldn’t say what the company was working on next, she did mention we’d hear something about it in the coming months. So stay tuned!
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PayFit raises $79 million for its payroll service
French startup PayFit is raising a new $79 million funding round (€70 million) from Eurazeo and Bpifrance. The company first started with a payroll service for small and medium companies in France. It has evolved into a full-fledged HR solution for multiple European countries.
PayFit uses a software-as-a-service approach so that small companies can easily manage payroll and HR information from a web browser. Everything stays up-to-date and compliant with labor regulation.
After you enter information about your employees, PayFit automatically generates pay slips every month. Your employees receive an email when their pay slips are ready. If somebody is getting a raise, you can connect to your PayFit account and modify an amount for all pay slips going forward.
When it comes to payroll taxes, the service automatically reminds you when you have to pay them and how much you’re supposed to pay. You also can generate exports for your accountant, see reports about your staff, etc.
And PayFit doesn’t want to stop at payrolls. You also can manage absences and leaves, expense reports and shifts. It makes sense to build those tools in-house as they have a direct effect on your payroll.
In order to approve expense reports and vacation days, you also can build an organizational chart in PayFit and decide who’s managing who.
While it’s easy to build an HR giant in the U.S., it’s a bit more complicated in Europe, as labor laws vary so much from one country to another. But the startup has managed to launch its service in France, Spain, Germany and the U.K. — Italy is coming soon.
The company says that it has developed its own programming language called Jetlang in order to transform labor code into computer code.
There are 3,000 companies relying on PayFit and 300 people working for the company. With today’s funding round, PayFit plans to double its workforce by 2020.
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Shyp is preparing for a comeback under new management
Fifteen months after shutting down, Shyp is getting ready to launch again. The startup tweeted today that “We are back! We’re hard at work to rebuild an unparalleled shipping experience. Before we begin operations again, we’d love to hear your feedback in this quick survey. We look forward to working with you and can’t wait to change the future of shipping!”
We are back!
We’re hard at work to rebuild an unparalleled shipping experience. Before we begin operations again, we’d love to hear your feedback in this quick survey.
We look forward to working with you and can’t wait to change the future of shipping!https://t.co/VqyxGOMrIG
— Shyp (@shyp) June 14, 2019
Most of the survey questions focus on online shopping returns, asking how easy or difficult it was to package the product for return, print the prepaid label, purchase postage or ship the product. The last question offers a hint about what direction the rebooted Shyp might take, asking “When returning a product, how likely would you be to use a service that picked up and shipped the product instead of having to ship it yourself?”
Shyp’s website doesn’t say when it will be back or what services it will offer, but it does mention that Shyp restarted in January 2019 under new management and backed by angel investors “with plans to disrupt the industry with what it does best: cutting-edge technology and a superior customer experience.”
Once one of the hottest on-demand startups, Shyp shut down in March 2018 after missing targets to expand to cities outside of San Francisco. When it first launched in 2014, Shyp initially offered on-demand service for almost anything customers wanted shipped, charging $5 plus postage to pick up, package and bring the item to a shipping company. Eventually it introduced a pricing tier in 2016 as it tried to find new approaches to its business model, before closing down two years later.
If the new Shyp does focus on making online returns easier, it will be bringing back one of its most popular services. The company expanded into online returns in 2015 after noticing that many customers used the app to return products they had purchased online.
TechCrunch has emailed Shyp for more information.
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Startups Weekly: #CodeCon, the ‘techlash’ and ill-prepared CEOs
Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about Peloton’s upcoming initial public offering. Before that, I noted the proliferation of billion-dollar companies.
Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets. If you don’t subscribe to Startups Weekly yet, you can do that here.
Now I know this newsletter is supposed to be about startups, but we’re shifting our focus to Big Tech today. Bear with me.
I spent the better part of the week in Scottsdale, Ariz. where temperatures outside soared past 100 and temperatures inside were icy cold. Both because Recode + Vox cranked the AC to ungodly levels but also because every panel, it seemed, veered into a debate around the “techlash” and antitrust.
If you aren’t familiar, the Financial Times defines the techlash as “the growing public animosity toward large Silicon Valley platform technology companies.” Code Conference has in the past been an event that underscores innovation in tech. This year, amid growing tensions between tech’s business practices and the greater good, things felt a little different.
The conference began with Peter Kafka grilling YouTube’s CEO Susan Wojcicki. Unfortunately for her, CodeCon took place the week after an enormous controversy struck YouTube. You can read about that here. Wojcicki wasn’t up to the task of addressing the scandal, at least not honestly. She apologized to the LGBTQ community for YouTube’s actions but was unable to confront the larger issue at hand: YouTube has failed to take necessary action toward eliminating hate speech on its platform, much like other social media hubs.
From there, The Verge’s Casey Newton asked Instagram head Adam Mosseri and Facebook vice president of consumer hardware Andrew Bosworth point blank if Facebook should be broken up. Unsurprisingly, neither of the two men are fond of the idea.
“Personally, if we split [Facebook and Instagram] it might make my life easier but I think it’s a terrible idea,” Mosseri, who was named CEO of Instagram last fall, said. “If you split us up, it would just make it exponentially more difficult to keep people safe. There are more people working on safety and integrity issues at Facebook than all the people that work at Instagram.”
Bosworth, who manages VR projects at Facebook, had this to say: “You take Instagram and Facebook apart, you have the same attack surfaces. They now aren’t able to share and combine data … So this isn’t circular logic. This is an economy of scale.”
Wojcicki, when asked whether YouTube should separate from Google, had a less nuanced and frankly shockingly ill-prepared response:
This is the actual answer YouTube’s CEO gave @pkafka when asked what it would mean if the company was spun off from Google due to antitrust: “I don’t know. I’ve been really busy this week working with all these other concerns… I don’t know. We would figure it out.” #CodeCon
— Alex Heath (@alexeheath) June 10, 2019
There’s more where that came from, but this newsletter isn’t about big tech! It’s about startups! Here’s all the startup news you missed this week.
IPO Corner
CrowdStrike’s IPO went really well: After pricing its IPO at $34 per share Tuesday evening and raising $612 million in the process (a whole lot more than the planned $378 million), the company’s stock popped 90% Wednesday morning with an initial share price of $63.50. A bona fide success, CrowdStrike boasted an initial market cap of $11.4 billion, nearly four times that of its last private valuation, at market close Wednesday. I chatted with CrowdStrike CEO George Kurtz on listing day. You can read our full conversation here.
Fiverr climbs: The marketplace had a good first day on the NYSE. The company priced its IPO at $21 per share Wednesday night, raising around $111 million. It then started trading Thursday morning at $26 apiece, with shares climbing for most of the day and closing at $39.90 — up 90% from the IPO price. Again, not bad. Read TechCrunch’s Anthony Ha’s conversation with Fiverr CEO Micha Kaufman here.
Get ready for … Slack’s highly-anticipated direct listing next week (June 20). Catch up on direct listings here and learn more about Slack’s journey to the public markets here.
Bird confirmed its acquisition of Scoot
As is usually the case with these things, parties from both Bird and Scoot declined to tell us any details about the deal, so we went and found the details ourselves! First, The Wall Street Journal’s Katie Roof reported the (mostly stock) deal was valued at roughly $25 million. We confirmed with our sources that it was indeed less than $25 million and came after Scoot struggled to raise additional capital from venture capital investors.
It’s a mostly stock deal so value is largely contingent on what happens to Bird from here https://t.co/dcTL9ovmeL
— Katie Roof (@Katie_Roof) June 13, 2019
While we’re on the subject of M&A, Epic Games, the creator of Fortnite, acquired Houseparty, a video chatting mobile app, this week. The deal comes shortly after Epic Games raised a whopping $1.25 billion. Founded in 2015, Houseparty is a social network that delivers video chat across a number of different platforms, including iOS, Android and macOS. Like Fortnite, the offering tends to skew younger. Specifically, the app caters toward teen users, providing a more private and safer space than other, broader platforms.
Symphony, a messaging app, gets $165M at a $1.4B valuation
BetterUp raises $103M to fast-track employee development
Neurobehavioral health company BlackThorn pulls in $76M from GV
Against Gravity, maker of the VR hit ‘Rec Room,’ nabs $24M
Simpo secures $4.5M seed round to help drive software adoption
If you’ve been unsure whether to sign up for TechCrunch’s awesome new subscription service, now is the time. Through next Friday, it’s only $2 a month for two months. Seems like a no-brainer. Sign up here. Here are some of my personal favorite EC pieces of the week:
- Why is Andreessen Horowitz (and everyone else) investing in Latin America right now?
- Fundraising 101: Do VC associates matter?
- What top VCs look for in women’s fertility startups
Silicon Valley’s founder fetish infantilizes public companies
If you enjoy this newsletter, be sure to check out TechCrunch’s venture-focused podcast, Equity. In this week’s episode, available here, Crunchbase News editor-in-chief Alex Wilhelm and I debate dual-class stock, discuss my takeaways from #CodeCon and review the biggest rounds of the week. You can subscribe to Equity here or wherever else you listen to podcasts.
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Amazon Spark, the retailer’s two-year-old Instagram competitor, has shut down
Amazon’s two-year-old Instagram competitor, Amazon Spark, is no more.
Hoping to capitalize on the social shopping trend and tap into the power of online influencers, Amazon in 2017 launched its own take on Instagram with a shoppable feed of stories and photos aimed at Prime members. The experiment known as Amazon Spark has now come to an end. However, the learnings from Spark and Amazon’s discovery tool Interesting Finds are being blended into a new social-inspired product, #FindItOnAmazon.
Amazon Spark had been a fairly bland service, if truth be told. Unlike on Instagram, where people follow their friend, interests, brands like they like, and people they find engaging or inspiring, Spark was focused on the shopping and the sale. While it tried to mock the Instagram aesthetic at times with fashion inspiration images or highly posed travel photos, it lacked Instagram’s broader appeal. Your friends weren’t there and there weren’t any Instagram Stories, for example. Everything felt too transactional.
Amazon declined to comment on the apparent shutdown of Spark, but the service is gone from the website and app.
The URL amazon.com/spark, meanwhile, redirects to the new #FoundItOnAmazon site — a site which also greatly resembles another Amazon product discovery tool, Interesting Finds.
Interesting Finds has been around since 2016, offering consumers a way to browse an almost Pinterest-like board of products across a number of categories. It features curated “shops” focused on niche themes, like a “Daily Carry” shop for toteable items, a “Mid Century” shop filled with furniture and décor, a shop for “Star Wars” fans, one for someone who loves the color pink, and so on. Interesting Finds later added a layer of personalization with the introduction of a My Mix shop filled with recommendations tailored to your interactions and likes.
The Interesting Finds site had a modern, clean look-and-feel that made it a more pleasurable way to browse Amazon’s products. Products photos appeared on white backgrounds while the clutter of a traditional product detail page was removed.
We understand from people familiar with the products that Interesting Finds is not shutting down as Spark has. But the new #FoundItOnAmazon site will take inspiration from what worked with Interesting Finds and Spark to turn it into a new shopping discovery tool.
Interesting Finds covers a wide range of categories, but #FoundItOnAmazon will focus more directly on fashion and home décor. Similar to Interesting Finds, you can heart to favorites items and revisit them later.
The #FoundItOnAmazon site is very new and isn’t currently appearing for all Amazon customers at this time. If you have it, the amazon.com/spark URL will take you there.
Though Amazon won’t talk about why its Instagram experiment is ending, it’s not too hard to make some guesses. Beyond its lack of originality and transactional nature, Instagram itself has grown into a far more formidable competitor since Spark first launched.
Last fall, Instagram fully embraced its shoppable nature with the introduction of shopping features across its app that let people more easily discover products from Instagram photos. It also added a new shopping channel and in March, Instagram launched its own in-app checkout option to turn product inspiration into actual conversions.
It was certainly a big move into Amazon territory. And while that led to headlines about Instagram as the future of shopping, it’s not going to upset Amazon’s overall dominance any time soon.
That said, Instagram’s changes may have prompted Amazon to give up trying to build its own Instagram clone, so it could instead focus on building out better and more differentiated tools for product discovery, like the new site.
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From Project Scarlett to Gooigi: The best of E3 2019
Every story about E3 has opened with a mention of Sony’s absence, and this one’s no different. The lack of one of gaming’s “big three” loomed large over the show, right down to a strange sense of space on the showroom floor.
Even Xbox chief Phil Spencer mourned the absence of the company’s biggest competitor, stating, “I wish Sony was here,” during a live stream.
But the show went on, as it has through countless ebbs and flows of the gaming industry. Sony’s clearly got plenty up its sleeve with regard to next-generation content, and frankly, no one’s too worried about their health.
Microsoft, meanwhile, came out swinging on Sunday. The company had a TON of games to reveal at the show, with dozens of trailers, all told. And while Microsoft did touch upon two key pieces of news, it ultimately ended up blowing through those announcements, with very little time devoted to either its next-generation 8K console, Project Scarlett, or its streaming service, Project xCloud.
In fact, we ultimately went back to Microsoft later in the week to clarify some things about the service and discovered in the process that console streaming will be free and not a part of the broader xCloud offering.
While Microsoft ultimately seemed cautious (or pressed for time) to go into either xCloud or Game Pass in too much detail onstage, streaming was unquestionably the biggest story of the show. That’s due in no small part to the fact that Google took a little wind out of E3’s sails by shedding more light on its Stadia offering during a surprise press conference last Friday.
On Tuesday, a Nintendo executive confirmed for me that the company is exploring streaming, but wasn’t able to comment on any specifics. Regardless, the writing is clearly on the wall here, and Nintendo has certainly taken notice. In the meantime, the company showed off its latest Animal Crossing title, a sneak peek of the next Zelda and the surprise hit of the show: A gooey Luigi called, naturally, Gooigi. Honestly though, I’m most excited about that Link’s Awakening remaster.
Square’s big event was fairly lackluster, though we did get a preview of the Uncanny (Valley) Avengers. Ubisoft had some cool demos on tap, including Watch Dogs: Legion and story mode for Assassin’s Creed. The publisher is also launching its own streaming service, with help from Google Stadia. Bethesda, meanwhile, is getting in on the battle royale phenomenon with a new mode for Fallout 76. Though the Fall Guys’ version is far more adorable.
There’s a Razer energy drink, Opera gaming browser, new George R.R. Martin game, Warcraft-meets-The-Office show from the It’s Always Sunny crew and a dance game for the Nintendo Wii. Not the Switch, not the Wii U, the Wii. Happy E3 2019!
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