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Apple’s iOS 13 will include a system-wide Dark Mode

Apple’s iOS 13 is getting a dark mode, the company announced today at its Worldwide Developers Conference in San Jose. Confirming an earlier leak, the new dark mode will be system-wide and can be turned on or off from iOS’s Settings or through a new Control Center toggle. Once enabled, Dark Mode will change the color of the Home screen dock, the background colors of iOS screens, and Apple’s built-in apps like Apple Music, Notes, Messages, Photos, Calendar, Music and more.

Other system features have also been prepped for Dark Mode like the dock and share sheet, so it’s a seamless experience.

Meanwhile, Apple iOS developers will be able to customize their own apps for Dark Mode by way of Apple’s newly announced framework, SwiftUI, also announced today.

Dark themes for apps have become fairly popular, thanks to the rise of OLED smartphones in recent years. Because a dark mode lights up fewer pixels, it can help conserve battery life on phones’ OLED screens. Dark themes may have other benefits as well, in terms of decreasing device addiction and improving sleep, some claim.

Apple is not the first to launch a system-wide dark mode, however. At Google’s developer conference in May, the company introduced Dark Theme for Android Q which will work across its mobile OS and in first-party Android apps, with developers able to code for it in their own applications.

Several third-party apps today support darker themes of their own, including Twitter, YouTube, Google, Medium, Reddit, Wikipedia, Instapaper, Pocket, IMDb, iBooks, Kindle, Google Maps, Waze and Opera Mini.

Below is the leaked image of Dark Mode for comparison:

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Live from WWDC 2019

Greetings from sunny San Jose. Apple’s annual World Wide Developers Conference officially kicks off this morning at the McEnery Convention Center with a big keynote. While the rest of the week is focused on developers, today’s show is all about what’s the come from the company, and after relatively low key events from Google and Microsoft, Apple’s looking to make a splash this year.

We’ve already seen a fair share of rumors and leaks — you can read about those here. The list includes system-wide dark mode for iOS 13, a focus on health and perhaps even the long awaited return of of the Mac Pro.

The show kicks off at at 10AM PT/1PM ET, so grab a snack and get comfy, because we’re going liveblogging below.

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Substack expands its subscription platform with discussion threads

Substack is launching a new feature called “community” — namely, the ability for newsletter publishers to create discussion threads, which can either be open to anyone or limited to subscribers.

The idea of starting a discussion thread where readers can argue about things like the season finale of “Game of Thrones” isn’t new — and even before now, Substack supported comments when newsletters are published online.

However, co-founder Hamish McKenzie said, “The dynamic that we’re seeing in the comments sections is completely different from the dynamics in these community discussions. They perform more like a Facebook Group.”

Co-founder and CEO Chris Best suggested that these threads are conducive to more substantive conversations, because Substack has worked on “getting the incentive structure right,” especially since you’re interacting with “like-minded peers” and an “author that you care about, and in a lot of cases are paying money to.”

Substack community

Substack Community

And for authors, it’s a way to build that sense of community, engaging directly with their readers in an ad-free environment.

“Unlike Facebook Groups or other places where people gather online, the Substack author owns the member list, the author owns the platform,” Best added.

Substack has been testing these discussions with authors like Daniel Ortberg and Nicole Cliffe, and today is making them available to anyone with a Substack newsletter. While the startup launched in 2017 as a way for newsletter authors to charge a subscription fee, it’s been adding new features like podcast support. As Best put it, “Our vision for what Substack is, is bigger than just being newsletters.”

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How Marcin Kleczynski went from message boards to founding anti-malware startup Malwarebytes

Marcin Kleczynski is a shining example of the American dream.

A Polish-born immigrant turned naturalized citizen, Kleczynski grew up in the Chicago suburbs spending much of his time on computers and the early days of the world wide web. He couldn’t afford to buy computer games; instead, he downloaded them from the internet — and usually malware along with it. Frustrated that his computer’s anti-malware didn’t prevent the infection, he took to seeking help from security message boards to troubleshoot and remove the malware by hand.

That’s where Kleczynski thought he could do better, and so he founded Malwarebytes .

In early 2008, his company’s first anti-malware product was released. To no surprise, the very people on the message boards who helped Kleczynski recover his computer were the same championing his debut software. So much so that Kleczynski hired one of the people from the message board who helped him rid the malware from his computer as one of his first employees. Within months, Malwarebytes was turning over a couple of hundred thousand dollars, Kleczynski told TechCrunch.

By August came the question of whether he would run his company or go to university.

“After about a 15-second conversation with my mother, she quickly informed me that I would be attending university,” he said.

And so he did both.

Fast-forward to today, the company is a multi-million dollar anti-malware giant serving 150 million consumer customers and 50,000 paying small to medium-sized business and enterprise customers from its five offices — two in the U.S., as well as Estonia, Ireland and Singapore.

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Flexible housing startup Anyplace raises $2.5M

Anyplace, a startup offering furnished rooms and apartments to anyone who’s not interested in signing a long-term lease, is announcing that it has raised $2.5 million in seed funding.

CEO Satoru Steve Naito said he co-founded the company to meet his own needs as a “digital nomad” who likes to move from city to city every few months.

“I wanted this product for myself: I hate to commit to a long-term contract, and I want utilities and wifi taken care of when I secure a room,” Naito said.

For him, that meant moving into a hotel, where he said the rooms are “easy-to-book and fully furnished.” And while Naito’s far from the first person to call a hotel room home (I did it myself for a summer journalism internship back in 2006), with Anyplace, he’s created an online marketplace where you can rent hotel rooms and other furnished housing on a month-to-month basis.

Naito said Anyplace normally negotiates a 30% to 50% discount with the hotels. (Checking the Anyplace website this morning, it looks like monthly prices in New York range from $1,331 to $4,157.) Those hotels then get a new source of monthly revenue, which may be particularly important as they try to compete with services like Airbnb.

Anyplace App

And while the pitch might sound similar to a serviced apartment or a co-living space, Naito noted that Anyplace functions purely as an online marketplace, without operating any properties of its own. So it actually partners with apartments and co-living companies to bring them more renters.

Anyplace handles the booking and payment process, in return for collecting a 10 percent commission. It also reduces the risk for the hotel or property owner by performing basic background checks, and Naito also plans to introduce insurance that will cover eviction costs for up to $10,000.

And there are new features for renters in the works, including a “nomad loyalty program” that rewards frequent customers with things like airplane ticket discounts, and an online community to help you find friends when you’re in a new city.

“We don’t want to become boring housing rental marketplace,” Naito said. “We are not a housing business, we are a freedom business.”

When Naito and I met to discuss the funding, he estimated that there were around 100 people currently staying in Anyplace properties. He also said the service generated $1.3 million in bookings last year.

He acknowledged that while digital nomadism sounds appealing, it’s “a very niche and small group,” so Anyplace is also designed to serve anyone in need of temporary housing, whether they’re relocating for a new job, taking an extended business trip or moving somewhere for an internship.

The startup’s seed funding comes from Jason Calacanis, FundersClub, UpHonest Capital, East Ventures, Keisuke Honda, Kenji Kasahara Bora Uygun and Global Brain.

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Twitter bags deep learning talent behind London startup, Fabula AI

Twitter has just announced it has picked up London-based Fabula AI. The deep learning startup has been developing technology to try to identify online disinformation by looking at patterns in how fake stuff vs genuine news spreads online — making it an obvious fit for the rumor-riled social network.

Social media giants remain under increasing political pressure to get a handle on online disinformation to ensure that manipulative messages don’t, for example, get a free pass to fiddle with democratic processes.

Twitter says the acquisition of Fabula will help it build out its internal machine learning capabilities — writing that the UK startup’s “world-class team of machine learning researchers” will feed an internal research group it’s building out, led by Sandeep Pandey, its head of ML/AI engineering.

This research group will focus on “a few key strategic areas such as natural language processing, reinforcement learning, ML ethics, recommendation systems, and graph deep learning” — now with Fabula co-founder and chief scientist, Michael Bronstein, as a leading light within it.

Bronstein is chair in machine learning & pattern recognition at Imperial College, London — a position he will remain while leading graph deep learning research at Twitter.

Fabula’s chief technologist, Federico Monti — another co-founder, who began the collaboration that underpin’s the patented technology with Bronstein while at the University of Lugano, Switzerland — is also joining Twitter.

“We are really excited to join the ML research team at Twitter, and work together to grow their team and capabilities. Specifically, we are looking forward to applying our graph deep learning techniques to improving the health of the conversation across the service,” said Bronstein in a statement.

“This strategic investment in graph deep learning research, technology and talent will be a key driver as we work to help people feel safe on Twitter and help them see relevant information,” Twitter added. “Specifically, by studying and understanding the Twitter graph, comprised of the millions of Tweets, Retweets and Likes shared on Twitter every day, we will be able to improve the health of the conversation, as well as products including the timeline, recommendations, the explore tab and the onboarding experience.”

Terms of the acquisition have not been disclosed.

We covered Fabula’s technology and business plan back in February when it announced its “new class” of machine learning algorithms for detecting what it colloquially badged ‘fake news’.

Its approach to the problem of online disinformation looks at how it spreads on social networks — and therefore who is spreading it — rather than focusing on the content itself, as some other approaches do.

Fabula has patented algorithms that use the emergent field of “Geometric Deep Learning” to detect online disinformation — where the datasets in question are so large and complex that traditional machine learning techniques struggle to find purchase. Which does really sound like a patent designed with big tech in mind.

Fabula likens how ‘fake news’ spreads on social media vs real news as akin to “a very simplified model of how a disease spreads on the network”.

One advantage of the approach is it looks to be language agnostic (at least barring any cultural differences which might also impact how fake news spread).

Back in February the startup told us it was aiming to build an open, decentralised “truth-risk scoring platform” — akin to a credit referencing agency, just focused on content not cash.

It’s not clear from Twitter’s blog post whether the core technologies it will be acquiring with Fabula will now stay locked up within its internal research department — or be shared more widely, to help other platforms grappling with online disinformation challenges.

The startup had intended to offer an API for platforms and publishers later this year.

But of course building a platform is a major undertaking. And, in the meanwhile, Twitter — with its pressing need to better understand the stuff its network spreads — came calling.

A source close to the matter told us that Fabula’s founders decided that selling to Twitter instead of pushing for momentum behind a vision of a decentralized, open platform because the exit offered them more opportunity to have “real and deep impact, at scale”.

Though it is also still not certain what Twitter will end up doing with the technology it’s acquiring. And it at least remains possible that Twitter could choose to make it made open across platforms.

“That’ll be for the team to figure out with Twitter down the line,” our source added.

A spokesman for Twitter did not respond directly when we asked about its plans for the patented technology but he told us: “There’s more to come on how we will integrate Fabula’s technology where it makes sense to strengthen our systems and operations in the coming months.  It will likely take us some time to be able to integrate their graph deep learning algorithms into our ML platform. We’re bringing Fabula in for the team, tech and mission, which are all aligned with our top priority: Health.”

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Fluree grabs $4.7M seed round to build blockchain-based database

Fluree, a North Carolina startup that wants to bring the immutability of blockchain to the database, announced a $4.7 million seed round today led by ​4490 Ventures​ with participation from Revolution’s Rise of the Rest Seed Fund​.

As CEO and co-founder Brian Platz explains, the database combines blockchain and graph database technologies to offer a new way of thinking about storing and querying data. “The real benefits it provides is immense integrity around the data, so you can prove it has never been tampered with, who put it in there, etc., something you can’t do with current databases or other data management technologies.”

He added, “It has the ability to make the data immensely collaborative by allowing multiple parties to actually interact with it and improve security,  and it really allows you, especially with how we’ve organized our database, to get better leverage out of the data.”

If you’re thinking such a database would be slow because of the nature of decentralized data, Platz says that it really depends how you choose to tune your blockchain. He sees blockchain technology on a spectrum with choices and tradeoffs between speed and decentralization.

“If you want 100% decentralization, something like Bitcoin, it’s going to be slow. You can’t have your cake and eat it too. If you need to, you can decrease the amount of centralization. So there’s a spectrum there, and we focus on giving people the knob to adjust that based on what they’re trying to do,” Platz explained.

Fluree has a free community edition and a paid enterprise version with some increased controls. The company currently has 17 employees based in Winston Salem, North Carolina, a number it will expand in the coming year with new funding.

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Owlin, the text and news analytics platform for financial institutions, raises $3.5M Series A

Owlin, a startup we covered all the way back in late 2012, has raised $3.5 million in Series A funding. The fundraise follows the fintech company’s pivot from a real-time news alert service to a more comprehensive “AI-based” text and news analytics platform to help financial institutions assess risk.

The new round is led by fintech investor Velocity Capital. The investment will enable Amsterdam-based Owlin to accelerate its growth internationally, especially in the U.K. and the U.S. The company’s international clients include Fitch Ratings, Adyen, Deutsche Bank, ING, and KPMG.

“We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis recalls. “These are environments that rely on Bloomberg and Reuters. While doing this we gained a lot of spin-off within risk related departments. With regulatory requirements increasing, and banks being forced to work more efficiently, we’ve been especially successful with augmenting “slow data” (e.g. ratings, annual reports and research reports) for assessing credit risk with real-time actionable data”.

Leemhuis says this makes risk-models more accurate and risk departments “more beloved by the regulators”. “Next to this being our true blue ocean, we can also contribute to a more stable and sustainable financial system,” he says. “It’s great to see that rating agencies and regulators are sharing this vision for more data-driven risk management as is evident from our strategic partnership with Fitch Ratings”.

This is seeing Owlin enable 15,000 counter-party risk managers worldwide to track risk events that are not captured by traditional credit risk metrics. “We are adding news and unstructured data to their risk monitoring. In the end, our clients don’t just gain insights, they also gain time,” adds the Owlin CEO.

Meanwhile, Owlin’s Series A isn’t just a lesson in finding market fit but also in tenacity. In the last few years, two of the startup’s initial founders left after the company found itself in the rare situation of its seed-backer going bankrupt. This left Owlin falling back on a bootstrap strategy and being extremely cautious when choosing a next investor. It seems that not all risk is as easy to assess.

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Penta, the digital SME banking upstart, appoints co-founder of solarisBank as new CEO

Hot on the heels of being acquired by company builder Finleap, German SME banking upstart Penta has appointed a new CEO.

Marko Wenthin, who previously co-founded solarisBank (the banking-as-a-service used by Penta), is now heading up the company, having replaced outgoing CEO and Penta co-founder Lav Odorović.

I understand Odorović left Penta last month after it was mutually agreed with new owner Finleap that a CEO with more experience scaling should be brought in. The Penta co-founder remains a shareholder in the SME banking fintech and is thought to be eyeing up his next venture.

Wenthin stepped down from solarisBank’s executive team in late 2018 citing “health reasons” and saying that he needed to focus on his recovery. It’s not known what those health issues were, although, regardless, it’s good to see that he’s well-enough to take up a new role as Penta CEO.

Asked to comment on Odorović’s departure, Penta issued the following statement:

“Lav is still part of the shareholders at Penta. His step back from the operational management team was a decision taken by mutual agreement. Lav was the right fit during the building phase of Penta, but by entering a new step of growth, the company faces bigger challenges and needs therefore to position itself differently”.

Penta says that in his new leadership role, Wenthin, who previously spent 16 years at Deutsche Bank, will lead international expansion — next stop Italy — and begin to market the fintech to larger SMEs in addition to its original focus on early-stage startups and other small digital companies. “In the future, the focus will be also on traditional medium-sized companies,” says Penta.

Adds Wenthin in a statement: “I am very much looking forward to my new role at Penta. On the one hand, digital banking for small and medium-sized companies is very important to me, as they are the driver of the economy and I have spent most of my career in this segment. On the other hand, I have known Penta and the team for a long time as successful partners of solarisBank. Penta is the best example of how a very focused banking provider can create real, digital added value for an entire customer segment in cooperation with a banking-as-a-service platform”.

Meanwhile, TechCrunch understands that Odorović’s departure and the appointment of Wenthin isn’t the only recent personnel change within Penta’s leadership team. According to LinkedIn, Aleksandar Orlic, who held the position of CTO, departed the company last month. “We are searching for a new CTO,” said a Penta spokesperson.

Alongside Wenthin, that leaves Penta’s current management team as Jessica Holzbach (Chief Customer Officer), Luka Ivicevic (Chief of Staff), Lukas Zörner (Chief Product Officer (CPO) and Matteo Concas (Chief Marketing Officer).

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Where are all the biotech startups raising?

Jason Rowley
Contributor

Jason Rowley is a venture capital and technology reporter for Crunchbase News.

Where are all the biotechnology companies raising these days? We crunched some numbers to arrive at an answer.

Using funding rounds data from Crunchbase, we plotted the count of venture capital funding rounds raised by companies in the fairly expansive biotechnology category in Crunchbase. Click the chart below and you can hover over individual data points to see the number of venture rounds raised in a given metro area between the start of 2018 and late May 2019 (as of publication). Although there are biotechnology companies located throughout the world, we focused here on just the U.S.

USA_Biotech_2018-May2019

Unlike in the software-funding business, where New York City (and its surrounding area) ranks second in overall deal volume, the greater Boston metro area outranks the Big Apple in biotech venture deal volume. The SF Bay Area (which includes both San Francisco and the towns in Silicon Valley north and west of San Jose) outranks Boston in biotech deal volume, but, then again, it’s also a much larger geographic area with a higher density of startups overall.

The bio business model breeds big deals

Crunchbase News recently covered a $120 million round raised by immunotherapy upstart AlloVir. In the software business, a raise that large would be notable; however, in the business of biology, not so much.

Just for reference, the average Series B round raised by U.S. enterprise software startups between 2018 and May 2019 was about $22.7 million. The average Series B for biotech companies from that same time period: just about $40 million on the dot.

Spinning up a cluster of cells at a lab bench is costlier, harder to do and the outcomes of experiments are less certain than the results of implementing a new software framework. Add to that the tremendous cost of performing clinical trials and clearing regulatory hurdles — all before costly sales and marketing campaigns to get treatments in front of doctors and end users — and it’s easy to understand why many biotechnology companies need to raise so much money in the early stages of the startup cycle.

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