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Steven Yang and Sonny Vu discuss COVID-19’s impact on tech manufacturing - techcrunch

Steven Yang and Sonny Vu discuss COVID-19’s impact on tech manufacturing

Like most of the rest of the world, COVID-19 hit the manufacturing sector by surprise. That China — which continues to comprise the vast majority of electronics manufacturing — was the first global epicenter of the virus certainly didn’t help the industry sufficiently brace for the impact of a pandemic on a scale the world […]
techcrunch - 27 minutes ago
German space agency reveals an autonomous, electric urban mobility prototype for use right here on Earth - techcrunch

German space agency reveals an autonomous, electric urban mobility prototype for use right here on Earth

The German Aerospace Center (DLR) has debuted a prototype of what it calls ‘U-Shift,’ an urban mobility vehicle designed for multiple uses. U-Shift is a fully electric vehicle, designed for autonomous operation, and could serve in a number of capacities including as an on-demand shuttle, a bus, a mobile distribution center for package delivery, or […]
techcrunch - 1 hour ago
TikTok and WeChat will be banned in the U.S. from Sunday - techcrunch

TikTok and WeChat will be banned in the U.S. from Sunday

The Commerce Department announced this morning that it will require mobile app stores to remove popular social media apps TikTok and WeChat. New users will not be able to download these apps, and while existing users will still be able to use their existing apps installed on their phones, new updates will not be allowed […]
techcrunch - 1 hour ago
VCs have to train themselves to ‘ask the stupid questions’, says Hoxton Ventures’ Hussein Kanji - techcrunch

VCs have to train themselves to ‘ask the stupid questions’, says Hoxton Ventures’ Hussein Kanji

If venture capitalists could predict the future, why wouldn’t they just start companies themselves? That’s the question Hussein Kanji, founding partner at Hoxton Ventures, asked rhetorically at Disrupt 2020. “If anyone says that they have predictive power in this industry and says they know where the future is gonna be, I just question the wisdom […]
techcrunch - 3 hours ago
China’s vaping giant Relx gears up for US entry - techcrunch

China’s vaping giant Relx gears up for US entry

The backlash against vaping in the United States has not deterred a Chinese challenger from entering the world’s largest vaping market. Relx, one of China’s largest e-cigarette companies, is seeking to submit its Premarket Tobacco Product Application to the U.S. Food and Drug Administration by the end of 2021. Upon completion of a review process […]
techcrunch - 3 hours ago
Google pulls India’s Paytm app from Play Store for repeat policy violations - techcrunch

Google pulls India’s Paytm app from Play Store for repeat policy violations

Google has pulled Indian financial services app Paytm from the Play Store for repeatedly violating its policies, two people familiar with the matter told TechCrunch. Paytm is India’s most valued startup and claims over 50 million monthly active users. Its marquee app, which allows users to exchange money with one another, disappeared from the Play […]
techcrunch - 5 hours ago
Ride-hailing was hit hard by COVID-19. Grab’s Russell Cohen on how the company adapted. - techcrunch

Ride-hailing was hit hard by COVID-19. Grab’s Russell Cohen on how the company adapted.

Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, as movement restriction orders were implemented. But […]
techcrunch - 7 hours ago
TikTok’s Chinese rival Kuaishou becomes a popular online bazaar - techcrunch

TikTok’s Chinese rival Kuaishou becomes a popular online bazaar

In China, short video apps aren’t just for mindless time killing. These services are becoming online bazaars where users can examine products, see how they are grown and made, and ask sellers questions during live sessions. Kuaishou, the main rival of TikTok’s Chinese version (Douyin), announced that it accumulated 500 million e-commerce orders in August, […]
techcrunch - 10 hours ago
Benchmark’s Peter Fenton: “10 to 20 years of innovation just got pulled forward” - techcrunch

Benchmark’s Peter Fenton: “10 to 20 years of innovation just got pulled forward”

Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed how he’s putting his stamp on Benchmark now that, 15 years after joining the storied firm, he’s its most senior member. Fenton said that he’s mostly focused on ensuring that firm doesn’t change. […]
techcrunch - 14 hours ago
Meet the five startup Battlefield finalists at Disrupt 2020 - techcrunch

Meet the five startup Battlefield finalists at Disrupt 2020

TechCrunch hosted an unusual Startup Battlefield this week — the founders, judges, audience and moderator (me) were all in different locations, doing our best to interact over WebEx. But the 20 startups still demonstrated their products and explained their visions, then were grilled by expert judges. And those judges helped the TechCrunch team select our […]
techcrunch - 14 hours ago
Schools are closing their doors, but OpenDoor isn’t - techcrunch

Schools are closing their doors, but OpenDoor isn’t

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week Natasha Mascarenhas, Danny Crichton and myself hosted a live taping at Disrupt for a digital reception. It was good fun, though of course we’re looking forward to bringing the live show back to the conference […]
techcrunch - 14 hours ago
Daily Crunch: Twitter tightens security ahead of election - techcrunch

Daily Crunch: Twitter tightens security ahead of election

Twitter takes preemptive steps to avoid election-related hacks, we check out the new Apple Watches and Facebook launches new business tools. This is your Daily Crunch for September 17, 2020. The big story: Twitter tightens security ahead of election Twitter said today that “high-profile, election-related” accounts in the United States will be receiving notifications telling […]
techcrunch - 15 hours ago
Ron Howard and Brian Grazer say that their accelerator can help diversify Hollywood - techcrunch

Ron Howard and Brian Grazer say that their accelerator can help diversify Hollywood

Impact Creative Systems (formerly Imagine Impact) is bringing a startup accelerator-style approach to finding fresh creative talent, and it announced this morning that, with funding from venture capital firm Benchmark, it’s spinning out from Imagine Entertainment — the production company founded by director Ron Howard and producer Brian Grazer. Right after the news broke, the accelerator’s […]
techcrunch - 15 hours ago
Fabletics eyes what’s next for its activewear empire - techcrunch

Fabletics eyes what’s next for its activewear empire

Like plenty of other modern direct-to-consumer companies, influencer marketing has been an essential part of Fabletics’ journey. Actress Kate Hudson co-founded the company and co-CEO Adam Golderberg believes that its network of spokespeople has been key to the company’s growth. We were joined on our virtual TechCrunch Disrupt 2020 stage by Goldenberg and comedian Kevin […]
techcrunch - 17 hours ago
Jennifer Doudna sees CRISPR gene-editing tech as a Swiss Army knife for COVID-19 and beyond - techcrunch

Jennifer Doudna sees CRISPR gene-editing tech as a Swiss Army knife for COVID-19 and beyond

Jennifer Doudna, one of the pioneers of the gene-editing technique known as CRISPR, thinks the biotech tool could be an essential one for combating COVID-19 and future pandemics. Due to its capacity to be “reprogrammed” like software, CRISPR could eventually be integral to countless tests and treatments. In an interview at Disrupt 2020, Doudna was […]
techcrunch - 17 hours ago
Twitter tightens account security for political candidates ahead of US election - techcrunch

Twitter tightens account security for political candidates ahead of US election

Twitter is taking steps to tighten account security for a range of users ahead of the US presidential election, including by requiring the use of strong passwords. “We’re taking the additional step of proactively implementing account security measures for a designated group of high-profile, election-related Twitter accounts in the US. Starting today, these accounts will […]
techcrunch - 18 hours ago
Why hasn’t digital learning lived up to its promise? - techcrunch

Why hasn’t digital learning lived up to its promise?

What is it about digital learning that has schools so keen on reopening despite the health and reputational risks?
techcrunch - 18 hours ago
Startup founders must overcome information overload - techcrunch

Startup founders must overcome information overload

One of a founder's biggest early challenges is figuring out how to sift through all the advice they receive.
techcrunch - 18 hours ago
Mozilla shutters Firefox Send and Notes - techcrunch

Mozilla shutters Firefox Send and Notes

Mozilla today announced that it will shutter two products: Firefox Send, the free file transfer service it already put on hiatus in July, and Firefox Notes, its note-taking extension and mobile app. Firefox Send launched in March 2019. At the time, Mozilla described it as a file-sharing tool with a focus on privacy. That privacy […]
techcrunch - 18 hours ago
Amazon makes Alexa Routines shareable - techcrunch

Amazon makes Alexa Routines shareable

Amazon is making it easier for Alexa devices owners to use Routines. The feature, which has been around for years, allows Alexa users to combine multiple tasks into a single voice command of their choosing. For example, you could make a routine that turns off your lights, plays relaxing music, and locks your doors when […]
techcrunch - 18 hours ago
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techcrunch
Rigetti raises $79M Series C for its quantum computing platform

Rigetti raises $79M Series C for its quantum computing platform

techcrunch - 1 month ago

Rigetti Computing, the quantum computing startup that is challenging industry heavyweights like IBM, Microsoft and D-Wave, today announced that it has closed a $79 million Series C funding round. The round was led by Bessemer Venture Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures, and Northgate Capital.

Bessemer’s Tomer Diari will join the company’s board of directors and the company, together with Veritas Software’s former CEO Mark Leslie.

Earlier this year, TechCrunch reported that Rigetti was looking to raise about $71 million in what — at least at the time — looked to be a down round. A Rigetti spokesperson declined to share any details about the company’s valuation in this round.

“This round of financing brings us one step closer to delivering quantum advantage to the market,” said Rigetti founder and CEO Chad Rigetti. “The company is dually focused on building scalable, error-corrected quantum computers and supporting high-performance access to current systems over the cloud. Rigetti offers a distinctive hybrid computing access model designed for practical applications.”

Rigetti currently offers its own cloud-based service for access to its machines, as well as through AWS’ Braket service, which is currently in preview. The company also recently won an $8.6 million DARPA award to build a quantum computer that outperforms classical computers.

“Its hard to find an area where quantum computing wont be tremendously valuable once quantum advantage is achieved,” said Jonathan Curtis, vice president and portfolio manager at Franklin Equity Group. “We believe that Rigetti is one of a select few leaders in this important emerging market with a strong combination of leading technology, an accomplished and focused team, and important commercial, government, and go to market relationships.”

While quantum computing has long held a lot of promise, it’s actually starting to make real strides in the last few years, with various companies building working systems that aren’t quite powerful enough for most real-world use cases yet, but that show a lot of promise. Rigetti, maybe more so than others, has focused on these real-world use cases.

“Quantum computing will drive a paradigm shift in high-performance computers as we continue pushing the boundaries of science deeper into the realms of science fiction,” said Tomer Diari, a leading deep-tech investor from Bessemer Venture Partners who has joined the companys board. “Quantum technology has the potential to unlock significant advancements in biology, chemistry, logistics and material science, and we believe that Rigetti provides the most immediate and clear path to a production-grade system in the market.”

sauce: techcrunch
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