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On lying AIs - techcrunch

On lying AIs

A yellow-eyed cat tilts its eyes at the camera, gazing up from a grey bedspread. ‘London Trip’, is the AI’s title for this photo-montage ‘Memory’ plucked from the depths of my iPhone camera-roll. It’s selected a sad score of plinking piano and sweeping violin. The algorithm has calculated it must tug at the heart strings.  […]
techcrunch - 3 hours ago
Unity Software has strong opening, gaining 31% after pricing above its raised range - techcrunch

Unity Software has strong opening, gaining 31% after pricing above its raised range

Whoever said you can’t make money playing video games clearly hasn’t taken a look at Unity Software’s stock price. On its first official day of trading, the company rose more than 31%, opening at $75 per share before closing the day at $68.35. Unity’s share price gains came after last night’s pricing of the company’s […]
techcrunch - 17 hours ago
Conan O’Brien on how to embrace an ever-changing media landscape - techcrunch

Conan O’Brien on how to embrace an ever-changing media landscape

“Like most of the best things in my life,” Conan O’Brien explains, with a wry smile, “the success of the podcast was a complete surprise.” The answer is a typically self-effacing one from the comedian. Since launching “Conan O’Brien Needs a Friend” nearly two years ago, the show has quickly risen up the podcasting charts […]
techcrunch - 17 hours ago
Chamath launches SPAC, SPAC, and SPAC as he SPACs the World with SPACs - techcrunch

Chamath launches SPAC, SPAC, and SPAC as he SPACs the World with SPACs

SPACs are going to rule the world, or at least, Chamath’s future portfolio. Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check” vehicle that takes private companies and flips them onto the public markets. His first SPAC bought Virgin Galactic last year, and his second SPAC bought […]
techcrunch - 17 hours ago
Daily Crunch: Partial US TikTok ban is imminent - techcrunch

Daily Crunch: Partial US TikTok ban is imminent

The Trump administration moves forwards with plans to ban TikTok and WeChat (although TikTok gets a partial extension), Unity goes public and we announce the winner of this year’s Startup Battlefield. This is your Daily Crunch for September 18, 2020. The big story: US TikTok ban is imminent The U.S. Commerce Department has released details […]
techcrunch - 18 hours ago
SaaS Ventures takes the investment road less traveled - techcrunch

SaaS Ventures takes the investment road less traveled

Most venture capital firms are based in hubs like Silicon Valley, New York City and Boston. These firms nurture those ecosystems and they’ve done well, but SaaS Ventures decided to go a different route: it went to cities like Chicago, Green Bay, Wisconsin and Lincoln, Nebraska. The firm looks for enterprise-focused entrepreneurs who are trying […]
techcrunch - 19 hours ago
Check out this never-before-seen clip from HBO’s The Perfect Weapon - techcrunch

Check out this never-before-seen clip from HBO’s The Perfect Weapon

At Disrupt 2020, we got a chance to see some never-before-seen footage from HBO’s upcoming documentary The Perfect Weapon. The documentary, which was executive produced by John Maggio, is based on the book by the same(ish) name written by David Sanger, Washington correspondent for the New York Times. We got to sit down for an […]
techcrunch - 19 hours ago
Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1000 - techcrunch

Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1000

In a case of bizarre timing, Salesforce announced it was laying off 1000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the company on a $20 billion revenue run rate for the first time. The juxtaposition was hard to miss. Earlier […]
techcrunch - 20 hours ago
And the winner of Startup Battlefield at Disrupt 2020 is… Canix - techcrunch

And the winner of Startup Battlefield at Disrupt 2020 is… Canix

We started this competition with 20 impressive startups. After five days of fierce pitching in a wholly new virtual Startup Battlefield arena, we have a winner. The startups taking part in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. It was an unprecedented year as we moved all […]
techcrunch - 20 hours ago
Are high churn rates depressing earnings for app developers? - techcrunch

Are high churn rates depressing earnings for app developers?

It’s great to improve your subscription app’s retention rates, but don’t do it for the 85/15 split.
techcrunch - 21 hours ago
MIT engineers develop a totally flat fisheye lens that could make wide-angle cameras easier to produce - techcrunch

MIT engineers develop a totally flat fisheye lens that could make wide-angle cameras easier to produce

Engineers at MIT, in partnership with the University of Massachusetts at Lowell, have devised a way to build a camera lens that avoids the typical spherical curve of ultra-wide-angle glass, while still providing true optical fisheye distortion. The fisheye lens is relatively specialist, producing images that can cover as wide an area as 180 degrees […]
techcrunch - 21 hours ago
Battery tech superstars JB Straubel of Redwood Materials, Celina Mikolajczak of Panasonic coming to TC Mobility 2020 - techcrunch

Battery tech superstars JB Straubel of Redwood Materials, Celina Mikolajczak of Panasonic coming to TC Mobility 2020

It was a trickle at first that has evolved into a slow and steady stream. Now, a wave of new electric vehicles is building, promising to deliver an unprecedented number of models to North America, Europe and China over the next two to three years. There might not be a better time to dig into […]
techcrunch - 22 hours ago
Zoox becomes fourth company to land driverless testing permit in California - techcrunch

Zoox becomes fourth company to land driverless testing permit in California

Zoox, the automated vehicle technology startup that was acquired by Amazon this year, has been issued a permit from California regulators that will allow it to test driverless vehicles on public roads. The permit is not for all public roads in the state, but it’s still notable considering the company will be able to test […]
techcrunch - 22 hours ago
Amid layoffs and allegations of fraud, the FBI has arrested NS8’s CEO following its $100+ million summer financing - techcrunch

Amid layoffs and allegations of fraud, the FBI has arrested NS8’s CEO following its $100+ million summer financing

The tagline from today’s announcement from the United States Attorney’s office for the Southern District of New York says it all: “Adam Rogas Allegedly Raised $123 Million from Investors Using Financial Statements that Showed Tens of Millions of Dollars of Revenue and Assets that Did Not Exist”. Rogas, the co-founder and former chief executive and […]
techcrunch - 22 hours ago
The stages of traditional fundraising - techcrunch

The stages of traditional fundraising

What you think when you hear "seed funding" and "A rounds" might be different from what investors think. You both need to be on the same page as you move forward.
techcrunch - 22 hours ago
Chime adds $485M at a $14.5B valuation, claims EBITDA profitability - techcrunch

Chime adds $485M at a $14.5B valuation, claims EBITDA profitability

In the midst of IPO week we have to add another name to our future debuts’ list, namely Chime, which announced a huge new round of capital today. The $485 million Series F values the consumer fintech giant at $14.5 billion, a huge figure given that Chime was most recently worth $5.8 billion after raising […]
techcrunch - 23 hours ago
It’s game on as Unity begins trading - techcrunch

It’s game on as Unity begins trading

Unity Software, which sells a game development toolkit primarily for mobile phone app developers, raised $1.3 billion in its initial public offering. The company, which will begin trading today with the ticker symbol “U”, priced its shares at the top end of its expected range, selling 25 million shares at $52 per share. The company’s […]
techcrunch - 1 day ago
Outschool, newly profitable, raises a $45M Series B for virtual small group classes - techcrunch

Outschool, newly profitable, raises a $45M Series B for virtual small group classes

Outschool, which started in 2015 as a platform for homeschooled students to bolster their extracurricular activities, has dramatically widened its customer base since the coronavirus pandemic began.The platform saw its total addressable market increase dramatically as students went home or campus to abide by COVID regulations instituted by the CDC. Suddenly, live, small-group online learning […]
techcrunch - 1 day ago
The DeanBeat: My quest to defeat latency - venture beat

The DeanBeat: My quest to defeat latency

During the pandemic, I’ve been playing games and clogging up the internet like a lot of other gamers. On the highest level, the internet has held up. Comcast reports that despite surges in demand, it has been able to keep up with our constant need to see TikTok videos, Netflix shows, and play Candy Crush […]
venture beat - 1 day ago
Trump to block TikTok and WeChat downloads in the U.S. from September 20 - venture beat

Trump to block TikTok and WeChat downloads in the U.S. from September 20

(Reuters) — The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat. Current TikTok users will see little change on Sunday and U.S. Commerce Department officials said they will […]
venture beat - 1 day ago
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techcrunch
LumApps raises $70M Series C led by Goldman Sachs

LumApps raises $70M Series C led by Goldman Sachs

techcrunch - 7 months ago

LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture.

Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by the French company to around $100 million.

Founded in Paris back in 2012, before launching today’s proposition in 2015, LumApps has developed what it describes as a “social intranet” for enterprises to enable employees to better informed, connect and collaborate. The SaaS integrates with other enterprise software such as G Suite, Microsoft Office 365 and Microsoft SharePoint, to centralize access to corporate content, business applications and social features under a single platform. The central premise is to help companies “break down silos” and streamline internal communication.

LumApps customers include Airbus, Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, Logitech, Toto, and Japan Airlines, and the company claims to have achieved year-on-year revenue growth of 100%.

Our dream was to enable access to useful information in one click, from one place and for everyone,” LumApps founder and CEO Sébastien Ricard told TechCrunch when the company raised its Series B early last year. “We wanted to build a solution that bridged [an] intranet and social network, with the latest new technologies. A place that users will love.

Since then, LumApps has added several new offices and has seven worldwide: Lyon, Paris, London, New York, Austin, San Francisco, and Tokyo. Armed with additional funding, the company will continue adding significant headcount, hiring across engineering, product, sales and marketing. There are also plans to expand to Canada, more of Asia Pacific, and Germany.

“Were actually looking at hiring 200 people minimum,” Ricard tells me. “Were growing fast and have ambitious plans to take the product to new heights, including fulfilling our vision of making LumApps a personal assistant powered by AI. This will require a significant investment in top engineering/AI talent globally”.

Asked to elaborate on what machine learning and AI could bring to a social intranet, Ricard says the vision is to make LumApps a personal assistant for all communications and workflows in the enterprise.

“We see a future where this personal assistant can make predictive suggestions based on historical data and actions. Applying AI to prompt authors with suggested content, flagging important items that demand attention, and auto-archiving old content, are a few examples. Managing the massive troves of content and data companies have today is critical”.

Ricard also sees AI playing a big role in data security. “Employees have a high-degree of control with regard to data sharing and AI can help manage what employees can share in the workplace. This is more long-term but its where were headed,” he says.

“In the short-term, were making investments in automating as many workflows as possible with the goal of reducing or eliminating administrative tasks that keep employees from more productive tasks, including team collaboration and knowledge sharing”.

Meanwhile, LumApps says it may also use part of the Series C for M&A activity. “Were growing fast and were looking at different areas for expansion opportunities,” Ricard says. “This includes retail and manufacturing and some business functions like HR, marketing and communications. We dont have concrete plans to acquire any companies at the moment but we are keeping our options open as acquiring best-in-breed technologies often makes more sense from a business perspective than building it yourself”.

sauce: techcrunch
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