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Archivo del Autor: Belen De Leon

Three Ways to Fix the Drug Industry's Rampant Dysfunction

Big Pharma has come under fire for mislabeled drugs, price spikes, and life-threatening shortages. Now a handful of startups hope to clean up the industry.
Source: Wired

Apple's iPhone 11 challenge: Touting modest upgrades now as 5G comes in 2020 – CNET

The iPhone 11 may look a lot like the iPhone XS and X, but that won’t stop Apple from proclaiming them as the “best iPhones yet.”
Source: CNET

iPhone 11, 11 Pro, 11R and 11 Max: Price, specs and features we expect later today – CNET

New iPhones will be announced today. Prepare yourselves.
Source: CNET

2020 Porsche Taycan brings all-electric performance to Frankfurt – Roadshow

With nearly 800 hp on tap in its most powerful iteration, the first electric Porsche is ready to rock the autobahn.
Source: CNET

Apple Event Liveblog: All the iPhone News as It Happens

Join us for live commentary beginning at 1 pm Eastern, 10 am Pacific.
Source: Wired

2020 Alpina B3 Touring is a fast BMW wagon that's not for US – Roadshow

The automaker’s latest creation is a forbidden-fruit super-wagon.
Source: CNET

AI Can Pass Standardized Tests—But It Would Fail Preschool

Opinion: Sure, an AI aced an 8th-grade science test, but the method it used highlights its lack of common sense or anything resembling human understanding.
Source: Wired

InMobi’s Glance raises $45M to expand outside of India

Glance, a subsidiary of Indian mobile ad business firm InMobi, said today it has raised $45 million as it prepares to scale its business outside of India and bulk up its product offerings.

The unnamed, maiden financing round for Glance was funded by Mithril Capital, a growth stage investment firm co-founded by Silicon Valley investors Peter Thiel and Ajay Royan.

In an interview with TechCrunch, Naveen Tewari, founder and CEO of InMobi Group, said the current round has not closed and could bag another $30 million to $55 million in the next two months.

Glance operates an eponymous service that shows media content in local languages on the lock screen of Android-powered smartphones. InMobi has partnered with a number of top smartphone vendors including Xiaomi, Samsung, and Gionee to integrate Glance into their respective operating systems.

Glance, which was launched in September last year and supports English, Hindi, Tamil and Telugu, has amassed 50 million monthly active users in India, its primary market. Users are spending an average of 22 minutes with Glance each day, he said.

“All the new smartphone models launched by Samsung, Xiaomi, and a handful of other vendors have launched with Glance on them,� Tiwari said.

In a statement, Mithril Capital’s Rohan, said, “We share Glance’s global vision of breaking through the constraints of application architectures and linguistic markets to deliver rich, frictionless, and engaging experiences across a myriad of cultures and languages.” As part of the financing round, he is joining Glance’s board.

Glance does not show traditional ads, something it intends to never change, but shows a certain kind of content to drive engagement for brands.

In the months to come, Glance plans to expand the platform and bring short-form videos (Glance TV), and mini games (Glance Games) to the lock screen. It is also working on a feature dubbed Glance Location that will enable brands to court users in their vicinity, and Glance Shopping to explore ways to build commerce around content.

As of today, InMobi Group is not monetizing Glance platform, but plans to explore ways to make money from it early next year, Tiwari said.

The 12-year-old firm said it plans to expand footprints of Glance outside of India. The company plans to take Glance to some Southeast Asian markets like Malaysia, Indonesia, and Thailand. InMobi’s Tiwari said the Glance has already started to find users in these markets.

InMobi Group, which had raised $320 million prior to today’s financing round, has been profitable for several years, but the company decided to raise outside funding to accelerate Glance’s growth, Tiwari said.

The firm, which has three subsidiaries including its marquee marketing cloud division, plans to go public in the next few years. But instead of taking the entire group public, Tiwari said the firm is thinking of publicly listing each division as they mature. The marketing cloud division, which brings in the vast majority of revenue for the firm, will go public first, he said.

“The IPO plans remain, and we will evaluate them as we go along. The reality, however, is that the market is so big and there is so much room that we can continue to be private for a few more years,” he said.


Source: TechCrunch

Pento raises $2.8M seed round for its payroll SaaS

Pento, a Danish startup working on a better payroll experience for companies and employees, has raised $2.8 million in seed funding.

Leading the round is Point Nine Capital and Seedcamp, with participation from a number of smaller funds and angel investors, including departing Atomico Partner Mattias Ljungman. The company had previously raised $700,000 from the likes of Preseed Ventures, and Futuristic.vc.

Founded by Jonas Bøgh Larsen (CEO) and Emil Hagbarth (CTO) in 2016, Pento offers a SaaS for companies wanting to automate their payroll and offer complementary features to employees, such as user-friendly access to pay history and personal pay-related data. The startup is live in Denmark with over 400 customers and says a U.K. launch is happening soon.

“Payroll is a very manual process for most companies, which causes errors and is super time-consuming,” Larsen tells me. “The process usually includes a lot of manual tasks like updating spreadsheets, sending emails with personal information, making manual bank transfers, manually keying in data from HR software, and much more. We have built a SaaS product that automates all of this”.

The current feature set of Pento include things like tax reporting, pension reporting, payslip generation, payouts to employees and tax authorities, and bookkeeping. “[This] means payroll admins can run the whole payroll process in one single product, usually in a matter of minutes rather than hours,” claims Larsen.

UK product run payroll confirm step unconfirmed

Typical Pento customers are companies with 1-150 employees, although the startup is also seeing quite a lot of demand from bigger companies too. It operates a classic SaaS model, charging a monthly subscription per seat.

“We currently charge £3 per employee per month for our basic plan, and charge £7 per employee per month for more support and more features,” explains the Pento CEO.

Meanwhile, competitors are said to fall into three camps: Traditional payroll outsourcing; older payroll software products like Sage, Brightpay and MoneySoft; and newer competitors like Payfit and Xero Payroll. (There’s also Duane Jackson’s latest upstart, Staffology Payroll, which looks to be similar to Pento on the pure SaaS side.)

“Contrary to other newer payroll products like Payfit and Xero, Pento has a 100% focus on payroll, not HR or accounting, and we will much rather integrate to other products in the ecosystem than try to build it all ourselves,” adds Larsen.


Source: TechCrunch

SimShine raises $8 million for home security cameras that use edge computing

SimShine, a computer vision startup based in Shenzhen, has raised $8 million in pre-Series A funding for SimCam, its line of home security cameras that use edge computing to keep data on-device. The funding was led by Cheetah Mobile, with participation from Skychee, Skyview Fund and Oak Pacific Investment.

Earlier this year, SimShine raised $310,095 in a crowdfunding campaign on Kickstarter. It will use its pre-Series A round for product development and hiring.

SimShine’s team started off developing computer vision and edge computing software, spending five years working with enterprise clients before launching SimCam.

The company plans to release more smart home products that use edge computing with the ultimate goal of building a IoT platform to connect different devices, co-founder and chief marketing officer Joe Pham tells TechCrunch. SimCam currently integrates with Amazon Alexa and Google Assistant, with support for Apple Homekit in the works.

Pham says edge computing protects users’ privacy by keeping data, including face recognition data, on device, while also decreasing latency and false alarms, because calculations are performed continuously on the device (cameras connect to Wi-Fi so customers can watch surveillance video on their smartphones). It also means customers don’t have to sign up for the subscription plans that many cloud-based home security cameras require and reduces the price of each device since SimCam does not have to maintain cloud servers.


Source: TechCrunch

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