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Hong Kong fintech startup Neat raises $11 million Series A to give small companies more banking services - techcrunch

Hong Kong fintech startup Neat raises $11 million Series A to give small companies more banking services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border banking. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and Sagamore Investments. Neat also announced […]
techcrunch - 23 minutes ago
Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge - techcrunch

Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge

Tyto Care, the provider of a home health diagnostic device and telemedicine consultation app, said it has raised $50 million in a new round of funding. The round was led by Insight Partners, Olive Tree Ventures, and Qualcomm Ventures, according to a statement and brings the startup’s total capital raised to over $105 million. The […]
techcrunch - 2 hours ago
Restaurant management platform Toast cuts 50% of staff - techcrunch

Restaurant management platform Toast cuts 50% of staff

Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast’s CEO, Chris Comparato. It also reduced executive pays […]
techcrunch - 2 hours ago
This low-flying growth equity firm, with payments and logistics bets, just closed a $255 million fund - techcrunch

This low-flying growth equity firm, with payments and logistics bets, just closed a $255 million fund

Activant Capital, a seven-year-old, Greenwich, Ct.-based growth equity firm that’s still making a name for itself, has managed to secure $255 million in fresh capital commitments, despite that the U.S. economy appears to be headed into a recession. It’s something of a coup for founder Steve Sarracino. It also begs the question: who is Steve […]
techcrunch - 2 hours ago
NASA puts $7M towards long-shot research, from moon mining to solar lenses - techcrunch

NASA puts $7M towards long-shot research, from moon mining to solar lenses

NASA’s Innovative Advanced Concepts program is all about making high-risk, high-reward bets on unique — and sometimes eyebrow-raising — ideas for space exploration and observation. This year’s grants total $7M and include one of the most realistic projects yet. It might even get made! NIAC awards are split into three tiers: Phase I, II, and […]
techcrunch - 3 hours ago
Jack Dorsey creates $1B COVID-19 relief fund using Square equity - techcrunch

Jack Dorsey creates $1B COVID-19 relief fund using Square equity

Jack Dorsey announced in a series of tweets today that he is shifting $1 billion in his Square equity to create a fund dedicated to COVID-19 relief. The Twitter and Square CEO is calling the fund Start Small and posting a tally of disbursements and recipients in a public spreadsheet. Dorsey said in his announcement […]
techcrunch - 4 hours ago
Tech shares close down on the day despite roaring start - techcrunch

Tech shares close down on the day despite roaring start

American equities closed down today, with the major domestic indices all losing ground after a wild trading cycle. After starting the day up sharply higher after strong Monday gains, those gains were erased as the day closed. It was a day of confusing movement; the tech-heavy Nasdaq Composite, to pick an example, had a range […]
techcrunch - 4 hours ago
PlayStation 5’s new DualSense controller is a sleek and futuristic gaming accessory - techcrunch

PlayStation 5’s new DualSense controller is a sleek and futuristic gaming accessory

Sony has revealed the design of the PlayStation 5‘s controller – a follow-on to its popular DualShock line that takes on a new name for a new generation: DualSense. The DualSense controller is kitted out in black and white, and looks like a futuristic, plastic armor-plated robot companion more than a gamepad in some ways. […]
techcrunch - 4 hours ago
Away, the high-flying travel brand startup, just furloughed half its employees and laid off 10% - techcrunch

Away, the high-flying travel brand startup, just furloughed half its employees and laid off 10%

Pretty much everyone is getting socked by the Covid-19 shutdown. Among the latest to say so in a public way is Away, the trendy, five-year-old, New York-based travel brand that has raised roughly $180 million from investors over the years, including a $100 million round last year that pegged the company’s valuation at $1.4 billion […]
techcrunch - 4 hours ago
Netflix now lets you lock your personal profile with a PIN to keep kids (and roommates) out - techcrunch

Netflix now lets you lock your personal profile with a PIN to keep kids (and roommates) out

Want to let your kids poke around Netflix without them wandering their way beyond the kids section? Got a roommate who keeps inexplicably forgetting to use their profile and is totally screwing up your “Continue Watching” list? Good news! Netflix is now letting users set a PIN to keep individual profiles locked down. The new […]
techcrunch - 5 hours ago
Nuro gets OK to test its driverless delivery vehicles on California public roads - techcrunch

Nuro gets OK to test its driverless delivery vehicles on California public roads

Autonomous delivery startup Nuro has been granted a permit to begin driverless testing on California’s public roads, paving the way for the company to roll out commercial operations throughout the state. Nuro, which raised $940 million from SoftBank Vision Fund last year, is allowed to put two of its low-speed electric R2 delivery vehicles on […]
techcrunch - 5 hours ago
SpaceX and NASA test the system Crew Dragon staff would use to exit the launch area in an emergency - techcrunch

SpaceX and NASA test the system Crew Dragon staff would use to exit the launch area in an emergency

SpaceX and NASA are in the process of final preparations prior to launching their first crewed spaceflight mission – Demo-2, which is technically still a demonstration mission needed to validate SpaceX’s Crew Dragon for transporting humans during regular flight. But actual astronauts Bob Behnken and Doug Hurley will be on board the historic flight, which […]
techcrunch - 5 hours ago
Dear Sophie: Is unemployment considered a public benefit? - techcrunch

Dear Sophie: Is unemployment considered a public benefit?

Would getting unemployment benefits hurt my or my spouse’s green card petition under the new public charge rule?
techcrunch - 5 hours ago
Facebook ships an experimental app for couples - techcrunch

Facebook ships an experimental app for couples

Today, Facebook quietly released a new app for couples called Tuned. The new release is a multimedia messaging app designed to help significant others communicate. The app is available for download in the U.S. and Canada, app analytics firm Sensor Tower tells us. Tuned was developed and released by Facebook’s New Product Experimentation (NPE) team. […]
techcrunch - 5 hours ago
SpaceX’s first operational version of Dragon successfully ends its 20th and final mission - techcrunch

SpaceX’s first operational version of Dragon successfully ends its 20th and final mission

SpaceX has been resupplying the International Space Station (ISS) since it began flying cargo missions on behalf of NASA in 2012. Now, the version of the Dragon capsule that SpaceX first employed to fly those missions is retiring, after one of the spacecraft based on that design splashed down in the Atlantic Ocean on Tuesday […]
techcrunch - 6 hours ago
TechCrunch Live: Join execs from Roblox, SuperAwesome, and Fingerprint tomorrow at 11:15am PDT to discuss kids media - techcrunch

TechCrunch Live: Join execs from Roblox, SuperAwesome, and Fingerprint tomorrow at 11:15am PDT to discuss kids media

With large majorities of all children (70% in the U.S. and U.K.) staying home from school during the COVID-19 crisis, use of digital media properties popular with kids has soared. Screen time among kids in the U.S. is up 50% according to research by SuperAwesome . This adds momentum to a space that has already […]
techcrunch - 6 hours ago
Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm - techcrunch

Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm

Just like in almost every other industry, there’s been a rash of layoffs among newer space startups and companies amid the novel coronavirus crisis. But Relativity Space has managed to avoid layoffs – and is even hiring, despite the global pandemic. Relativity CEO and founder Tim Ellis cites the company’s focus on large-scale 3D printing, […]
techcrunch - 6 hours ago
Movies Anywhere launches movie-sharing feature ‘Screen Pass’ into open beta - techcrunch

Movies Anywhere launches movie-sharing feature ‘Screen Pass’ into open beta

Last month, it was reported that digital locker service Movies Anywhere was working to launch a movie-sharing feature called “Screen Pass.” At the time, the feature was only available in limited, private beta testing with a plan to fully roll it out late summer or early fall. But as a result of increased demand from […]
techcrunch - 7 hours ago
A payments provider for paying court fines and utility bills exposed years of transactions - techcrunch

A payments provider for paying court fines and utility bills exposed years of transactions

A payments processor used by local governments to collect court fines and utility bill payments from residents across Arkansas and Oklahoma mistakenly left a cache of data, representing years of transactions, exposed on its website. Security researcher Ashot Oganesyan found a cache of database files in a public and unprotected web directory on the website […]
techcrunch - 7 hours ago
Google Cloud makes it cheaper to run smaller workloads on Bigtable - techcrunch

Google Cloud makes it cheaper to run smaller workloads on Bigtable

Cloud Bigtable has long been Google Cloud’s fully-managed NoSQL’s database for massive, petabyte-sized analytical and operational workloads. At $0.65 per hour and node, it was never a cheap service to run, especially because Google Cloud enforced a minimum of three nodes per cluster for production workloads. Today, however, it is changing that and you can […]
techcrunch - 7 hours ago
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techcrunch
DataGuard, which provides GDPR and privacy compliance-as-a-service, raises $20M

DataGuard, which provides GDPR and privacy compliance-as-a-service, raises $20M

techcrunch - 1 week ago

Watchdogs have started to raise the issue that new working practices and online activity necessitated by the spread of the coronavirus pandemic are creating new sets of privacy, security and data protection challenges. Today a startup is announcing a growth round of funding to help online businesses navigate those issues better.

DataGuard, a Munich-based startup that provides “GDPR-as-a-service” — essentially a cloud-based platform to help those doing business online ensure that they are compliant with various regional regulations and best practices around privacy by analysing customers data processing activities, offering options and suggestions for improving privacy compliance, providing them with the ability to modify their IT infrastructure and internal processes to do so — has raised $20 million, money that it will be using to continue expanding its business across Europe and the Americas and to continue investing in building out its technology.

The funding is coming from a single investor, London’s One Peak, and is the first outside funding for the company. We’re asking but it looks like DataGuard is not disclosing its valuation with this round.

The news is coming at a critical time in the world of venture funding. We are seeing a mix of deals that either were closed or close to closing before the worst of the pandemic reared its ugly head (meaning: some deals are just going to be put on ice, Zoom meeting or not); or are being done specifically to help with business continuity in the wake of all the interruption of normal life (that is, the business is too interesting not to help prop it up); or are closing specifically because the startup has built something that is going to demonstrate just how useful it is in the months to come.

As with the strongest of funding rounds, DataGuard into a couple of those categories.

On one hand, it has demonstrated a demand for its services before any of this hit. Today, the startup provides privacy policy services both to small and medium businesses as well as larger enterprises, and it has picked up 1,000 customers since launching in 2017.

Millions of companies are striving to comply with privacy regulation such as GDPR or CCPA, said Thomas Regier, (pictured, left) who co-founded the company with Kivanc Semen (right), in a statement.

We are excited to partner with One Peak to help many more organizations across the globe become and remain privacy compliant. Our Privacy-as-a-Service solution provides customers with access to a proprietary full-stack platform and services from a dedicated team of data privacy experts. This enables customers to gain insights into their data processing activities and to operationalize privacy and compliance across their entire organization.

Regier tells us that the company was bootstrapped to 100 employees, which also underscores the company’s capital efficiency, also especially attractive at the moment.

On the other, the wholesale shift to more online and remote working, combined with a giant surge in online traffic caused by more people staying at home to reduce the number of new Covid-19 cases, is driving a lot more traffic and stress testing to websites, apps and other online services.

All that creates precisely the kind of environment where we might, for a period, overlook some of the trickier and more exacting aspects of privacy policies, but which are nonetheless important to keep intact, not least because malicious hackers could take advantage of vulnerable situations, or regulators eventually refocus and come back with heavy fines, or consumers respond with bad PR and more.

“We have a truly horizontal product that has the potential to become an integral part of the tech stack in enterprises and SMBs alike,” said Semen in a statement. “We will use the funding to deliver on our product roadmap. We will achieve this in two ways: By increasing automation levels through improvements of the machine learning capabilities in our privacy software suite and by speeding up our development of new product categories.

DataGuard is one of a number of startups that have emerged to help businesses navigate the waters of privacy regulations, which are usually not the core competencies of the companies but have become an essential part of how they can (and should) do business online.

Others include OneTrust, which also helps companies provide and run better data protection policies; and InCountry, which is specifically focused on providing services to help companies understand and comply with data protection policies that vary across different regions. OneTrust last year passed a $1 billion valuation, speaking to the huge opportunity and demand in this space.

OnePeak believes that DataGuard’s take on the proposition is one of the more effective and efficient, one reason it’s backed the team. We are incredibly excited to back DataGuards world-class founding team, says David Klein, Co-Founder and Managing Partner at One Peak, in a statement. We are convinced that DataGuards cutting-edge software suite combined with its comprehensive service offering provides both enterprises and SMBs with an end-to-end solution that fulfils their data privacy needs across the board.

sauce: techcrunch
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