World Of News

As people spend less time out in the world and more time daydreaming about when a vaccine will arrive, lifestyle shoes are only gaining traction. One obvious beneficiary is Allbirds , the San Francisco-based maker of comfortable, sustainable kicks that launched in 2016 and quickly became a favorite in Silicon Valley circles before taking off elsewhere. Though the company saw its business slow this year because of the pandemic, its products are now available to purchase in 35 countries and its 20 brick-and-mortar stores are sprinkled throughout the U.S. and Europe, with another outpost in Tokyo and several shops in China. Investors clearly see room for more growth. Allbirds just closed on $100 million in Series E funding at roughly the same $1.6 billion valuation it was assigned after closing on $27 million in Series D funding earlier this year, and blank-check companies have been calling, says cofounder and CEO Joey Zwillinger. He talked with us earlier this week in a chat that h...

Google, which reaches more internet users than any other firm in India and commands 99% of the nation’s smartphone market, has stumbled upon an odd challenge in the world’s second largest internet market: Scores of top local entrepreneurs. Dozens of top startups and firms in India are working to form an alliance and toying with the idea of launching an app store to cut their reliance on Google, five people familiar with the matter told TechCrunch. The list of entrepreneurs include high-profile names such as Vijay Shekhar Sharma, co-founder and chief executive of Paytm (India’s most valuable startup ), Deep Kalra of travel ticketing firm MakeMyTrip, and executives from PolicyBazaar, Sharechat and many other firms. The growing list of founders expressed deep concerns about Google’s “monopolistic” hold on India, and discussed what they alleged was unfair and inconsistent enforcement of Play Store’s guidelines in the country. The conversations, which began in recent weeks, escalate...

Some interesting news for lovers of open, decentralized communications tech: Element, the company behind the eponymous Matrix -based Slack competitor (formerly known as Riot ) has acquired developer-focused chat platform, Gitter, from dev services giant GitLab, which picked it up back in 2017. The acquisition means Gitter’s community of some 1.7M users will be migrating to Matrix, the underlying decentralized comms protocol also made by Element — assuming they stick around for the ride with the new owner, of course. But Element is going out of its way to reassure Gitter users they’ll feel properly at home on Matrix. In a blog post discussing the acquisition, the top-line message from Element CEO and Matrix co-founder, Matthew Hodgson, is that nothing will change in the short term. Furthermore, the pitch to the Gitter community is that, down the line, there will be plenty to gain from the migration/eventual assimilation as a “Gitter-customized version of Element” running on Matrix. ...

Entrepreneur First -backed Juno Bio has launched a home test kit for women wanting to get a better understanding of their vaginal microbiome while also contributing data to further research into women’s health. The vaginal microbiome refers to the community of microbes and bacteria that naturally live in the vagina. Variances in the vaginal microbiome are thought to have implications for women’s health conditions — such as recurrent bacterial-vaginosis or a higher risk of contracting an STI, and even preterm birth and infertility. But a historical lack of research into women’s health issues means there’s still a long way to go to fully understand what’s going on. (Or indeed how to intervene to correct an unhealthy imbalance.) That’s where Juno Bio wants to come in. Last year the 2018-founded UK startup ran a study in the US that gathered samples from more than 1,000 women to build up a repository of data on the vaginal microbiome. That initial data-set underpins the commercial Va...

When we caught up with Gusto last year , the small business payroll startup had just raised $200 million and was launching a new office in New York City. Over the past few years though, Gusto has also been accruing new features outside of its original payroll product, features that redefine the borders between payroll and financial wellness, and in the process, are blurring the lines of the classic fintech market map. SMB payroll startup Gusto raises $200M Series D, plans R&D expansion to NYC Today, the company announced a slew of new offerings that it hopes will give employees better financial and health options through their employers. The most interesting one here is a tool the company is calling Gusto Wallet. It’s an app and collection of products for employees paid through Gusto that basically acts as a mini bank and financial health monitor. It offers an interest-bearing cash account (called, appropriately enough, Cash Accounts) which can also divert a small slice o...

Following a high-profile breach in July, Twitter has hired Rinki Sethi as its new chief information security officer. Sethi most recently served as chief information security officer at cloud data management Rubrik, and previously worked in cybersecurity roles at IBM, Palo Alto Networks, and Intuit. In the new role at Twitter overseeing the company’s information security practices and policies, Sethi will report to platform lead, Nick Tornow, according to her tweet announcing the job move. So excited to be a part of the team @twitter working alongside @nicktornow @michaelmontano @paraga and more! https://t.co/SGoBLr5957 — Rinki Sethi (@rinkisethi) September 28, 2020 Sethi also serves as an advisor to several startups, including LevelOps and Authomize, and cybersecurity organizations, including Women in Cybersecurity . Twitter had left the role of chief information security officer vacant since the departure of its previous security chief, Mike Convertino, who left in...

Retailers and consumer brands are focused more than ever in their histories on using e-commerce channels to connect with customers: the global health pandemic has disrupted much of their traditional business in places like physical stores, event venues and restaurants, and vending machines, and accelerated the hunt for newer ways to sell goods and services. Today, a startup that’s been helping them build those bridges, specifically to expand into newer markets, is announcing a huge round of funding, underscoring the demand. VTEX , which builds e-commerce solutions and strategies for retailers like Walmart and huge consumer names like AB InBev, Motorola, Stanley Black & Decker, Sony, Walmart, Whirlpool, Coca-Cola and Nestlé, has raised $225 million in new funding, valuing the company at $1.7 billion post-money. The funding is being co-led by two investors, Tiger Global and Lone Pine Capital, with Constellation, Endeavour Catalyst and SoftBank also participating. It’s a mix of ...