Fylamynt, a new service that helps businesses automate their cloud workflows, today announced both the official launch of its platform as well as a $6.5 million seed round. The funding round was led by Google’s AI-focused Gradient Ventures fund. Mango Capital and Point72 Ventures also participated.
At first glance, the idea behind Fylamynt may sound familiar. Workflow automation has become a pretty competitive space, after all, and the service helps developers connect their various cloud tools to create repeatable workflows. We’re not talking about your standard IFTTT- or Zapier -like integrations between SaaS products, though. The focus of Fylamynt …
AWS today announced a new database product that is clearly meant to go after Microsoft’s SQL Server and make it easier — and cheaper — for SQL Server users to migrate to the AWS cloud. The new service is Babelfish for Aurora PostgreSQL. The tagline AWS CEO Andy Jassy used for this service in his re:Invent keynote today is probably telling: “Stop paying for SQL Server licenses you don’t need.” And to show how serious it is about this, the company is even open-sourcing the tool.
What Babelfish does is provide a translation layer for SQL Server’s proprietary …
Floww – a data-driven marketplace designed to allow founders to pitch investors, with the whole investment relationship managed online – says it has raised $6.7M / £5M to date in Seed funding from angels and family offices. Investors include Ramon Mendes De Leon, Duncan Simpson Craib, Angus Davidson, Stephane Delacote and Pip Baker (Google’s Head of Fintech UK) and multiple Family Offices. The cash will be used to build out the platform designed to give startups access to over 500+ VCs, accelerators and angel networks.
The team consists of Martijn De Wever, founder and CEO of London based VC Force Over Mass; Lee …
AstraZeneca’s CEO told Bloomberg that the pharmaceutical company will likely conduct another global trial of the effectiveness of its COVID-19 vaccine trial, following the disclosure that the more effective dosage in the existing Phase 3 clinical trial was actually administered by accident. AstraZeneca and its partner the University of Oxford reported interim results that showed 62% efficacy for a full two-dose regimen, and a 90% efficacy rate for a half-dose followed by a full dose – which the scientists developing the drug later acknowledged was actually just an accidental administration of what was supposed to be two full doses.
To be clear, this …
3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalist and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first ever fully 3D-printed orbital rocket next year.
LA-based Relativity had a big 2020, completing work on a new 120,000 square-foot manufacturing facility in Long Beach. Its rocket construction technology, which is grounded in its development and use of the largest metal 3D printers in existence, suffered relatively few setbacks due to COVID-19-related shutdowns and work stoppages since it involves relatively few actual people on the factory floor managing the 3D printing process, which is handled in large part by autonomous robotic systems and software developed by the company.
Relativity also locked in a first official contract from the U.S. government this year, to launch a new experimental cryogenic fluid management system on behalf of client Lockheed Martin, as part of NASA’s suite of Tipping Point contracts to fund the development of new technologies for space exploration. It also put into service its third-generation Stargate 3D metal printers – the largest on Earth, as mentioned.
The company’s ambitions are big, so this new large funding round should provide it with fuel to grow even more aggressively in 2021. It’s got new planned initiatives underway, both terrestrial and space-related, but CEO and founder Tim Ellis specifically referred to Mars and sustainable operations on the red planet as one possible application of Relativity’s tech down the road.
In prior conversations, Ellis has alluded to the potential for Relativity’s printers when applied to other large-scale metal manufacturing – noting that the cost curve as it stands makes most sense for rocketry, but could apply to other industries easily as the technology matures. Whether on Mars or on Earth, large-scale 3D printing definitely has a promising future, and it looks like Relativity is well-positioned to take advantage.
A-Frame, a Los Angeles-based developer of personal care brands supported by celebrities, has raised $2 million in a new round of funding led by Initialized Capital.
Joining Initialized in the round is the serial entrepreneur Moise Emquies, whose previous clothing lines, Ella Moss and Splendid, were acquired by the fashion holding company VFC in 2017.
A-Frame previously raised a seed round backed by cannabis dispensary Columbia Care. The company’s first product is a hand soap, Keeper. Other brands in suncare and skincare, children and babycare, and bath and body will follow, the company said.
“We partner with the investment groups at the agencies,” said company founder and chief executive, Ari Bloom. “We start interviewing different talent, speaking with their agents and their managers. We create an entity that we spin out. I wouldn’t say that we compete with the agencies.”
So far, the company has worked with CAA, UTA and WME on all of the brands in development, Bloom said. Two new brands should launch in the next couple of weeks.
As part of the round, actor, activist, and author Hill Harper has joined the company as a co-founder and as the company’s chief strategy officer. Emquies is also joining the company as its chief brand officer.
“Hill is my co-founder. He and I have worked together for a number of years. He’s with me at the holding company level. Identifying the opportunities,” said Bloom. “He’s bridging the gap between business and talent. He’s a part of the conversations when we talk to the agencies, managers and the talent. He’s a great guy that I think has a lot of respect in the agency and talent world.”
Initialized General Partner Alda Leu Dennis took point on the investment for Initialized and will take a seat on the company’s board of directors alongside Emquies. Other directors include Columbia Care chief executive, Nicholas Vita, and John D. Howard, the chief executive of Irving Place Capital.
“For us the calculus was to look at personal care and see what categories need to be reinvented because of sustainability,” said Bloom. “It was important to us once we get to a category what is the demographic opportunity. Even if categories were somewhat evolved they’re not all the way there… everything is in non-ingestible personal care. When you have a celebrity focused brand you want to focus on franchise items.”
The Keeper product is a subscription-based model for soap concentrates and cleansing hand sprays.
A serial entrepreneur, Bloom’s last business was the AR imaging company, Avametric, which was backed by Khosla Ventures and Y Combinator and wound up getting acquired by Gerber Technology in 2018. Bloom is also a founder of the Wise Sons Delicatessen in San Francisco.
“We first invested in Avametric at Initialized in 2013 and he had experience prior to that as well. From a venture perspective I think of these all around real defensibility of brand building,” said Dennis.
The investors believe that between Bloom’s software for determining market preferences, A-Frame’s roster of celebrities and the company’s structure as a brand incubator, all of the ingredients are in place for a successful direct to consumer business.
However, venture capitalists have been down this road before. The Honest Co. was an early attempt to build a sustainable brand around sustainable personal care products. Bloom said Honest provided several lessons for his young startup, one of them being a knowledge of when a company has reached the peak of its growth trajectory and created an opportunity for other, larger companies to take a business to the next level.
“Our goal is a three-to-seven year horizon that is big enough at a national scale that a global player can come in and internationally scale it,” said Bloom.
Earlier this year, Mirantis, the company that now owns Docker’s enterprise business, acquired Lens, a desktop application that provides developers with something akin to an IDE for managing their Kubernetes clusters. At the time, Mirantis CEO Adrian Ionel told me that the company wants to offer enterprises the tools to quickly build modern applications. Today, it’s taking another step in that direction with the launch of an extensions API for Lens that will take the tool far beyond its original capabilities
In addition to this update to Lens, Mirantis also today announced a new open-source project: k0s. The company describes it as “a modern, 100% upstream vanilla Kubernetes distro that is designed and packaged without compromise.”
It’s a single optimized binary without any OS dependencies (besides the kernel). Based on upstream Kubernetes, k0s supports Intel and Arm architectures and can run on any Linux host or Windows Server 2019 worker nodes. Given these requirements, the team argues that k0s should work for virtually any use case, ranging from local development clusters to private datacenters, telco clusters and hybrid cloud solutions.
“We wanted to create a modern, robust and versatile base layer for various use cases where Kubernetes is in play. Something that leverages vanilla upstream Kubernetes and is versatile enough to cover use cases ranging from typical cloud based deployments to various edge/IoT type of cases.,” said Jussi Nummelin, Senior Principal Engineer at Mirantis and founder of k0s. “Leveraging our previous experiences, we really did not want to start maintaining the setup and packaging for various OS distros. Hence the packaging model of a single binary to allow us to focus more on the core problem rather than different flavors of packaging such as debs, rpms and what-nots.”
Mirantis, of course, has a bit of experience in the distro game. In its earliest iteration, back in 2013, the company offered one of the first major OpenStack distributions, after all.
As for Lens, the new API, which will go live next week to coincide with KubeCon, will enable developers to extend the service with support for other Kubernetes-integrated components and services.
“Extensions API will unlock collaboration with technology vendors and transform Lens into a fully featured cloud native development IDE that we can extend and enhance without limits,” said Miska Kaipiainen, the co-founder of the Lens open-source project and senior director of engineering at Mirantis. “If you are a vendor, Lens will provide the best channel to reach tens of thousands of active Kubernetes developers and gain distribution to your technology in a way that did not exist before. At the same time, the users of Lens enjoy quality features, technologies and integrations easier than ever.”
The company has already lined up a number of popular CNCF projects and vendors in the cloud-native ecosystem to build integrations. These include Kubernetes security vendors Aqua and Carbonetes, API gateway maker Ambassador Labs and AIOps company Carbon Relay. Venafi, nCipher, Tigera, Kong and StackRox are also currently working on their extensions.
“Introducing an extensions API to Lens is a game-changer for Kubernetes operators and developers, because it will foster an ecosystem of cloud-native tools that can be used in context with the full power of Kubernetes controls, at the user’s fingertips,” said Viswajith Venugopal, StackRox software engineer and developer of KubeLinter. “We look forward to integrating KubeLinter with Lens for a more seamless user experience.”
In recent times startups have appeared offering credit at an e-commerce basket checkout so that a customer can buy a product without needing to pay right away. Klarna or Clearpay are the two most notable in this field. But what if you flipped the model around so that consumers could buy the item at a lower price later on, and the retailer could reduce waste? This is the model of Purple Dot, which bills itself as a ‘worth-the-wait’ payment option for fashion brands.
Founded in August 2019 by senior Skyscanner employees Madeline Parra (CEO) and John Talbott (CTO), Purple Dot allows consumers to request a ‘worth-the-wait’ lower price. The advantage for retailers is that they can then decide whether or not to release a fashion product mid-season at a slightly reduced rate in order to secure the sale.
“Unlike Klarna, we don’t encourage consumers to buy stuff they can’t afford.”
The customers still pays upfront and then waits to have the item confirmed, receiving a full refund if not. The Purple Dot payment method sits alongside ‘buy now, pay later’ finance options.
This ‘worth-the-wait’ price does not usually fall below a 10-20% reduction from the recommended retail price, thus reducing losses from end-of-season discounting, where discounts are much deeper. The advantage for the consumer is that they don’t then rack up debt on their purchases.
The startup says it’s already in talks with a number of major UK and US high street brands but has already secured menswear retailer Spoke, which will also use the tech for ‘pre-ordering’. This means they can test out new styles, designs and fabrics in a limited manner, thus reducing waste (and therefore carbon emissions) when they commit to a new line of clothing.
Madeline Parra, CEO of Purple Dot, commented: “When shopping online today, customers can either pay the retail price or walk away. When they do walk away, the item goes through the discounting process, becomes unprofitable for the merchant and is resigned to landfill. This binary system isn’t working for anyone – the customer loses out on the item, because it may go out of stock in their size before they attempt to purchase it again, and the merchant loses the sale. Purple Dot tackles this problem head-on by providing a new way to shop, taking on unsustainable, unrelenting consumerism, poor pricing tactics and profit-crunching sales at the same time.”
Speaking to TechCrunch she also added that “Unlike Klarna, we don’t encourage consumers to buy stuff they can’t afford.”
Pietro Bezza, General Partner at Connect Ventures, commented: “Purple Dot’s innovative proposition benefits retailers by creating a solution to their inventory problems. End of season ‘panic sales’ have long caused financial uncertainty for retailers and a negative impact on the environment in equal measure.”
Workplace SaaS tools for teams have seen rocket ship growth in the past several years, and that adoption has given rise to a host of software tools geared towards improving individual productivity. Many of the startups behind these tools see building a cult following among individual users as the best way to set themselves up for later enterprise-wide success.
Raycast is a developer-focused productivity tool that aims to be the quickest way to get common tasks done. Today, it’s launching into public beta and sharing with TechCrunch that the team has raised new funding from Accel months after graduating from Y Combinator.
The company has closed a $2.7 million seed round led by Accel with participation from YC, Jeff Morris Jr.’s Chapter One fund as well as angel investors Charlie Cheever, Calvin French-Owen and Manik Gupta .
The desktop software takes a note from peers like Superhuman and Command E, allowing users to quickly pull up and modify data with keyboard shortcuts. Users can easily create and re-modify issues in Jira, merge pull requests in Github and find documents. The software is very much a developer-focused version of the Apple’s Spotlight search that aims to help software engineers navigate all of the parts of their job that aren’t development work with a single tool.
Image via Raycast.
Like plenty of workplace tools startups, one of the keys for Raycast is building out a network of extensions that can encompass a user’s workflow. For now, the software supports integrations from Asana, Jira, Zoom, Linear, G Suite, Calendar, Github and Reminders alongside core functionality that can help manage system settings and a calculator that can handle complex math problems. As the startup launches out of public beta, they’re looking to double down on extensions and are rolling out a developer program for early access to their API.
The Mac-only software is free while in public beta, but the company does plan on charging a monthly subscription for the service eventually, though they aren’t quite ready to talk about pricing yet.
Raycast’s team is interested in appealing to individual users for now, but might eventually expand to becoming a teams-level enterprise product that could help onboard new employees faster by quickly orienting them with their office’s software suite, but that’s all a bit down the road, the team says.
“We’re staying focused on single-player mode for a while,” CEO Thomas Paul Mann tells TechCrunch.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised what it describes as ‘close to’ $100 million in a Series B funding round, led by Tencent Holdings . Other investors that participated in the round include Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou. The funding round will go towards improving esports products and its ecosystem in China and across Asia.
Founded in 2016 and headquartered in Shanghai, VSPN was one of the early pioneers in esports tournament organization and content creation out of Asia. It has since expanded into other businesses including offline venue operation.
In a statement, Dino Ying, CEO of VSPN (see also our exclusive interview) said: “We are delighted to announce this latest round of funding. Thanks to policies supporting Shanghai as the global center for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years. After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally. VSPN has a long-term vision and is dedicated to the sustainable development of the global esports ecosystem.”
Dino Ying, VSPN CEO
Mars Hou, general manager of Tencent Esports, commented: “VSPN’s long-term company vision and leading position in esports production are vital for Tencent to optimize the layout of the esports industry’s development.”
We had a hint that Tencent might invest in VSPN when, in March this year, Mark Ren, COO of Tencent Holdings, made a public statement that Tencent would provide more high-quality esports competitions in conjunction with tournament organizers like VSPN.
As we observed in August, Tencent, already the world’s biggest games publisher, that it would consolidate Douyu and Huya, the previously competing live-streaming sites focused on video games.
In other words, Tencent’s investment into VSPN shows it is once again doubling-down on the esports market.
This Series B funding round comes four years after VSPN’s 2016 Series A funding round, which was led by Focus Media Network, joined by China Jianteng Sports Industry Fund, Guangdian Capital, and Averest Capital.
Now, VSPN has become the principal tournament organizer and broadcaster for PUBG MOBILE international competitions, and China’s top competitions for Honor of Kings, PUBG, Peacekeeper Elite, CrossFire, FIFA, QQ Speed, and Clash Royale. This will tally-up 12,000 hours of original content. The company has partnered with over 70% of China’s esports tournaments.
In March, another huge esports player, ESL, joined forces with Tencent to become a part of the PUBG Mobile esports circuit for 2020.
In addition to its core esports tournament and content production business, VSPN has branded esports venues in Chengdu, Xi’an, and Shanghai. In May, VSPN launched its first overseas venue, V. SPACE in Seoul, South Korea.
And even offline events are coming back. VSPN hosted the first large-scale esport event with offline audiences in August this year. And the LOL S10 event will open 6,000 tickets. However, all tournaments will operate under strict COVID-19 prevention measures and approval processes by the Chinese government, and not all esports events are allowing offline audiences. In the main, only high-level ones are approved.
VSPN said it will continue to focus on building an esports short-form video ecosystem, improving the quality of esports content creation, and reaching more users via different channels. VSPN currently houses more than 1,000 employees in five business divisions.