Chinese facial recognition unicorn Megvii prepares China IPO

chinese-facial-recognition-unicorn-megvii-prepares-china-ipo

Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. The move came more than a year after Megvii, known for … Read more

Steve Jurvetson and Maryanna Saenko on their new fund, SPACs and the great tech exodus

steve-jurvetson-and-maryanna-saenko-on-their-new-fund,-spacs-and-the-great-tech-exodus

Future Ventures — cofounded by Silicon Valley venture capitalist Steve Jurvetson and Maryanna Saenko, a colleague of Jurvetson at his last firm, DFJ, as well as an investor previously with Airbus Ventures and Khosla Ventures — has closed its second fund with $200 million in capital commitments, say the pair. In a wide-ranging conversation yesterday … Read more

Yo-Kai Express introduces Takumi, a smart home cooking appliance

yo-kai-express-introduces-takumi,-a-smart-home-cooking-appliance

Yo-Kai Express is known for autonomous restaurant technology for venues like office campuses, malls and hotels. As people continue staying home because of the COVID-19 pandemic, the company is introducing a smart home cooking appliance with multiple functions. Called Takumi, it includes a coffee maker, high induction cooktop and a steamer for sanitizing utensils and … Read more

Numbers Protocol’s blockchain camera Capture App safeguards the integrity of photos

numbers-protocol’s-blockchain-camera-capture-app-safeguards-the-integrity-of-photos

The spread of misinformation and fake news online has a dangerous impact on public well-being. Misinformation is difficult to fight, and 73% of Americans surveyed by Pew Research ahead of the presidential election expressed little or no confidence in the ability of major tech companies to keep their platforms from being misused. The open-source Starling … Read more

Companies rush to replace the gym at CES

companies-rush-to-replace-the-gym-at-ces

The year of the first-ever all-virtual CES is, unsurprisingly, the year of the virtual gym. The past 12 months have seen most of our fitness routines completely transformed — speaking for myself, my Apple Watch step count shows two big empty spots where March and April are. Fitness startups have seen unexpected windfall in all … Read more

Daily Crunch: Visa calls off Plaid acquisition

daily-crunch:-visa-calls-off-plaid-acquisition

Regulatory action prompts Visa to back off a fintech acquisition, Uber and Moderna partner and Checkout.com is valued at $15 billion. This is your Daily Crunch for January 12, 2021. The big story: Visa calls off Plaid acquisition The deal, valued at $5.3 billion, was first announced just over a year ago. However, the Department … Read more