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Archivo del Autor: Belen De Leon

Alphabet X spinout Dandelion raises $4.5M to built out its geothermal heating and cooling system for homes

Dandelion, a clean energy startup that was originally incubated inside Google parent Alphabet, has raised $4.5 million in funding to build out its business — a geothermal heating and cooling system for homes that claims it will drastically reduce its customers’ bills — it claims to cut bills in half (notwithstanding the upfront costs, more on that below) — while also being significantly more friendly for the environment compared to conventional systems that use gas and fossil fuels.

The company opened for business first in Upstate New York — a market with extreme cold and hot spells — where it says it has started to install systems in people’s homes, and it’s going to use the funding to help work through what it says is a waitlist of “thousands” of customers nationally.

“We have been overwhelmed with demand and support from homeowners across the country,” said Kathy Hannun, cofounder and CEO of Dandelion, in a statement. “This round will help us ramp up operations to serve these customers and launch our new and improved 2018 offering.”

The funding was led by New Enterprise Associates, with participation also from new investors BoxGroup, Daniel Yates, and Ground Up, and previous investors Borealis Ventures, Collaborative Fund, and ZhenFund, the Chinese-based VC associated with Sequoia in China. It brings the total raised by Dandelion to $6.5 million, including a seed round it announced when first spinning out in July of last year.

The impressive list of backers — and the fact that Dandelion was originally incubated at Alphabet X, the company’s “moonshot” factory — underscores a couple of trends worth pointing out.

The first is the double maxim that everything is now a “tech” challenge, and that the interests of the tech world touch everything. As legacy businesses continue to try to update their systems or become more responsive to some of the challenges of running their legacy operations, a company like Dandelion becomes a direct threat, or a potential, strategic acquisition target.

The second is the ongoing interest among tech investors and tech companies to expand their horizons and explore companies and ideas that might prove to be disruptive in the same way that tech has been, further down the line; or whose solutions could prove to be a helpful boost to their more direct tech interests — for example by becoming acquirers of data systems to run these services better, or by making the cost of electricity to run other services (like internet, or maybe, these days, bitcoin mining) less expensive. (Dandelion is already proving its role in that wider ecosystem: just earlier this month, it acquired Geo-Connections, a geothermal SaaS startup.)

“Over the next decade, homeowners across America will replace their expensive, conventional home heating systems with Dandelion geothermal,” said Yates in a statement. “I’m thrilled to be part of the team that will lead this transition.” Yates — who had founded the energy efficiency startup Opower, which went public and then was acquired by Oracle — is joining the board as an executive director with this round.

In the case of Dandelion, its challenge and opportunity has been in the world of legacy energy services. Built largely on fossil fuel systems and centralised operation models — you have large plants and generators located in one place that distribute their energy to smaller stations, which distribute to individuals — the idea behind Dandelion has been to built a heating and cooling system that is significantly more decentralised: it operates directly from a person’s home — or more specifically, underneath it — leveraging the ground’s natural state of being 50°F, in order to work.

One big issue with scaling up geothermal energy solutions prior to Dandelion has been the up-front installation costs, both from a financial and practical point of view. As Hannun has described it:

The process of installing ground loops in homeowners’ yards has typically been messy and intrusive, using wide drills that are designed to dig water wells at depths of over 1,000 feet. These machines are unnecessarily large and slow for installing a system that needs only a few 4” diameter holes at depths of a few hundred feet. So we decided to try to design a better drill that could reduce the time, mess and hassle of installing these pipes, which could in turn reduce the final cost of a system to homeowners.

The company’s solution has been to build a system that bores a much smaller hole (a few inches is all that’s needed) at a much shallower depth of hundreds of feet — making the installation something that can be done in less than a day.

So far, the company’s upfront costs might prove to be too much of a gating factor for the majority of homeowners. Installations run between $20,000 and $25,000 in upfront costs alone. For those willing to take the plunge — or dig into the challenge, as the case may be — over twenty years, the company has claimed that savings can be about $35,000.

The company also tells me that homeowners are buying a lot of these using financing and will save around 20 percent annually if they finance. (The savings percentage comes after a tax credit, a spokesperson said. “Here is a real example from one of our homeowners. He needed a 4-ton system, which is the size most homes require. He formerly spent $2,621 on fuel oil annually (832 gallons over the year at $3.15/gallon). To run geothermal, he requires $803 in additional electricity costs. With Dandelion pricing, starting at $115/mo, geothermal heating costs for his home are $1,380 + $803 = $2,183. This is about 20% savings annually for heating alone. His air conditioning will also be over twice as efficient with geothermal than it was with conventional a/c.”)

The savings in terms of using clean versus dirty energy, of course, come from the start.


Source: TechCrunch

Watch Huawei unveil the P20 live right here

Huawei is about to unveil its brand new flagship smartphone — the P20. While many details have already leaked, this is going to be an interesting launch. The conference will begin at 3 PM in Paris, 9 AM in New York, 6 AM in San Francisco.

The company chose to unveil its new device at the magnificent Grand Palais in Paris. This is the first time Huawei chooses Paris to launch a major new device. Carriers and retailers in the U.S. have stopped selling Huawei devices. That might be the reason why the press conference is happening in Europe.

Huawei is now the second largest phone manufacturer in the world behind Samsung and just slightly above Apple. The P10 was a great device, so it’s clear that many Android fans will pay attention to today’s launch.


Source: TechCrunch

How Cannabis Tech Can Help Build a Better Cup of Coffee

Clean, tasty coffee that begins life in a lab takes a cue from the cultivation of marijuana.
Source: Wired

Xiaomi takes aim at Razer with its first gaming laptop – CNET

The new notebook from Xiaomi takes its cues from Apple and Razer, and packs discrete graphics and bling LED lights for gaming.
Source: CNET

Mark Zuckerberg declines to give evidence in UK Parliament – CNET

Parliament’s fake news enquiry wants to hear from Zuck in person, and it’s not giving up yet.
Source: CNET

What Are Screens Doing to Our Eyes—And Our Ability to See?

Our eyes are hardening; we can barely see our phones any more. We must learn to look at the wider world.
Source: Wired

Zuckerberg refuses UK parliament summons over Fb data misuse

So much for ‘We are accountable‘; Facebook founder and CEO Mark Zuckerberg has declined a summons from a UK parliamentary committee that’s investigating how social media data is being used, and — as recent revelations suggest misused — for political ad targeting.

The DCMS committee wrote to Zuckerberg on March 20 — following newspaper reports based on interviews with a former employee of UK political consultancy, Cambridge Analytica, who revealed the company obtained Facebook data on 50 million users — calling for him to give oral evidence.

Facebook’s policy staff, Simon Milner, previously told the committee the consultancy did not have Facebook data. “They may have lots of data, but it will not be Facebook user data,” said Milner on February 8. “It may be data about people who are on Facebook that they have gathered themselves, but it is not data that we have provided.”

In his letter to Zuckerberg, the chair of the committee Damian Collins accuses Facebook officials of having “consistently understated” the risk of user data being taken without users’ consent.

“It is now time that I hear from a senior Facebook executive with the sufficient authority to give an accurate account of this catastrophic failure of process,” Collins continues. “There is a strong public interest test regarding user protection.”

Regardless of rising pressure around what is now a major public scandal, Zuckerberg has declined the committee’s summons.

In a statement a Facebook spokesperson said it will be offering its CTO or chief product officer to answer questions.

“We have responded to Mr Collins and the DCMS and offered for two senior company representatives from our management team to meet with the Committee depending on timings most convenient for them. Mike Schroepfer is Chief Technology Officer and is responsible for Facebook’s technology including the company’s developer platform.  Chris Cox is Facebook’s Chief Product Officer and leads development of Facebook’s core products and features including News Feed.  Both Chris Cox and Mike Schroepfer report directly to Mark Zuckerberg and are among the longest serving senior representatives in Facebook’s 15 year history,” the spokesperson said.

Facebook declined to answer additional questions.

Collins made a statement before today’s evidence session of the DCMS committee, which is hearing from Cambridge Analytica whistleblower Chris Wylie — saying it would still like to hear from Zuckerberg, even if he isn’t able to provide evidence in person.

“We will seek to clarify with Facebook whether he is available to give evidence or not, because that wasn’t clear from our correspondence,” said Collins. “If he is available to give evidence, then we will be happy to do that either in person or by video link if that will be more convenient for him.”


Source: TechCrunch

You'll want Xiaomi's affordable new wireless charger – CNET

The Chinese company offers a fast 7.5W charger that undercuts the competition with a massive price cut.
Source: CNET

Shuly Galili and Yahal Zilka join us in Tel Aviv

In a bit more than two months, the TechCrunch team is heading to Tel Aviv for a day-long event. And I’m excited to announce a couple of new speakers — Shuly Galili from UpWest Labs and Yahal Zilka from Magma Venture Partners.

While both Galili and Zilka are investors, they have two different stories to tell. Galili is based in Silicon Valley and is looking for the most promising seed-stage startups coming from Israel.

She’s been helping entrepreneurs bridge the gap between Silicon Valley and Israel. She has a ton of insights on both ecosystems. As a founding partner for UpWest Labs, she’s already participated in dozens of funding rounds with her tiny team. UpWest Labs is an investor in Airobotics, HoneyBook, SentinelOne and many other startups.

As for Zilka, he’s now mostly known for his role at Magma Venture Partners. Magma has been around for nearly 20 years and is now an established player in Israel.

As a managing partner, Zilka is involved with a handful of startups on the board of directors. He was also involved with Waze, Onavo, Argus and plenty of other Israeli success stories.

Zilka also used to be working for startups before starting his VC career. In particular, he worked for VocalTec Communications in the late 1990s, one of the companies that first worked on voice-over-IP technologies. The company went public in 1996.

These two speakers will have plenty of interesting things to say on June 7 at the TechCrunch Tel Aviv conference. This year, the event will focus on mobility and everything around it, from autonomous vehicles, to sensors, drones and security.

Buy tickets here and see you at the Tel Aviv Convention Center!


Source: TechCrunch

Neighborhood security cameras sacrifice privacy to solve crimes – CNET

Homeowners’ associations are investing in security cameras to monitor residential streets.
Source: CNET

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