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Archivo del Autor: Belen De Leon

212 holds a $34 million close to invest in Turkey and Eastern Europe’s growing technology scene

Eight years after raising its first $30 million fund, 212 is back in the market with a $30 million first close for its latest fund focused on investments in Turkish and Eastern European startups. 

Looking to invest in business-to-business software as a service startups, financial services technologies, and marketplace businesses, the firm has already launched four companies which have captured regional and global attention, says Numan Numan, one of the firm’s co-founders and managing directors.

212 has Iyzico, one of the largest payment processing businesses in Turkey; Insider, a southeast asian-focused e-commerce enabled platform, is another portfolio win (it raised $11 million in follow-on financing from no less illustrious a firm than Sequoia Capital).

Two other companies that have gained traction are Hotel Runner, a service bringing hotels and online travel agencies into a marketplace with technology service vendors that already has 55,000 hotels registered in over 160 different countries; and a supply chain management company called Solvoyo.

It’s still early days for the firm, but its focus on “companies that are ready to sell internationally and are already selling,” is paying dividends, Numan said.

All of the firm’s portfolio companies are generating half of their revenues outside of the Turkish market.

And Turkey itself is experiencing a surge in venture capital investment. There are roughly 15 investment firms in Turkey focused on technology companies, Numan says. “We still have a shortage of money and the ecosystem is still new,” he says. “We are the first proper institutional fund in Turkey and we set it up in December 2011.”

Global companies can come from anywhere, says Numan, and increasingly founders of startups are staying put rather than try to navigate the U.S. immigration system that’s becoming increasingly draconian. “They end up setting up in Berlin or in Lisbon or somewhere in Europe  that makes it easier to do that,” Numan says. 

Foreign investors are also beginning to take note of what’s happening in Turkey, says Numan. Roughly 20 different venture capital firms have come on to syndicate deals with the Turkish firm.

The two partners in the fund, Numan and his co-founder Ali Karabey both cut their teeth in finance in New York. Numan was a banker at Goldman Sachs while Karabey worked for Morgan Stanley.

The two began by setting up angel networks in the country and then helped create the nation’s first accelerators. It was after the accelerators had launched that Numan and Karabey decided it was time to raise the first fund. Since that time, Numan says that interest in Turkish companies has grown exponentially.

“The Turkish market is active enough to warrant dedicated exposure on the ground,” says Numan.

 


Source: TechCrunch

Nissan’s old Leaf batteries can power this smart pop-up camper for one week

Nissan has turned its old Leaf batteries into an off-grid camping companion.

The automaker’s Nissan Energy subsidiary worked with camper manufacturer Opus to create the ultimate “smart” pop-up trailer that integrates cells recovered from its first-generation electric vehicles to provide off-grid power. Add in one to two recharges of the accompanying 400W solar panel accessory and campers can listen to tunes and use their smartphones and other devices, including a microwave, for about 7 days, the companies said. The battery pack can be recharged by the solar panel in 2 to 4 hours.

The Nissan x OPUS concept camper debuted this week at the The Caravan, Camping and Motorhome Show in the UK. Inside the smart camper — code for LED lighting and USB sockets for charging — is a veritable glamping wonderland. You can almost smell the pour-over coffee.

Unlike many other concepts that debut at auto shows, components of the Nissan x OPUS are actually coming to market. The Air Opus is already available with a base price of £15,995 (a bit more than $20,000). The Nissan Energy ROAM product will launch in European markets later this year. Pricing for the ROAM wasn’t immediately available.

This isn’t the first time Nissan’s ROAM unit has shown up in a concept product either. It was featured earlier this year in Nissan’s NV300 concept van designed for woodworkers. Nor is this Nissan’s first foray into the secondary battery market. In November, Nissan launched Nissan Energy to create an ecosystem for owners of its electric vehicles. The idea is for owners to be able to connect their cars with energy systems to charge their batteries, power homes and businesses or feed energy back to power grids. The company said at the time, that it will also develop new ways to reuse electric car batteries.

Nissan x AirOPUS

“The Nissan x OPUS concept is a real-world example of how Nissan Energy ROAM can integrate into our lifestyles – in this case the hugely popular leisure activity of camping,” Nissan Energy managing director Francisco Carranza said in a statement.

The concept pairs the Air Opus, a novel off-road pop-up camper that inflates in 90 seconds, with Nissan Energy’s portable power pack called ROAM. The ROAM unit is mounted in a special compartment at the front of the camper, where it can provide a power supply to both the 230-volt circuit and the 12-volt circuit. The battery pack can also be removed and recharged via a standard 230v domestic socket, or by plugging into a solar panel accessory.

The ROAM unit has a storage capacity of 700Wh and a power output for 1kW. That’s enough power to keep smartphones charged and the lights on. The Nissan x Opus camper has a 230v outlet, USB sockets, a 4G mobile WiFi hotspot for up to 10 devices; and even a digital projector with pull-up screen to watch movies. There’s also a 230v portable microwave and a two-burner gas stove and a fridge.

You can watch the marketing video here.


Source: TechCrunch

Netflix cancels “Friends From College” after two seasons

Netflix comedy series “Friends From College” will not return for a third season. The show’s co-creator Nicholas Stoller announced the news earlier today on Twitter.

Despite a very poorly-reviewed first season (the Guardian referred to it as TV’s “most hateable show”),”Friends From College’s” second season was better received. But apparently that wasn’t enough to save the show, which followed a group of Harvard graduates.

In a statement to Hollywood Reporter, Netflix said “We’re grateful to creators Nick Stoller and Francesca Delbanco for creating a wise, funny and supremely relatable show. We also want to thank the hard-working crew, and we raise a glass to the amazingly talented cast including Keegan-Michael Key, Fred Savage, Cobie Smulders, Nat Faxon, Annie Parisse, Jae Suh Park, and Billy Eichner.”

The news that Netflix is bidding adieu to “Friends From College” came a few hours after it confirmed that “The Punisher” and “Jessica Jones” will not be renewed, the last two Marvel shows after it cancelled “Iron Fist,” “Luke Cage,” and “Daredevil.” Netflix’s purge of Marvel shows may be related to the end of its deal with Disney, which plans to produce its own superhero content for its new upcoming streaming service.


Source: TechCrunch

Snow moon 2019: How to watch this year's brightest supermoon – CNET

Where and when to look for the best view as the moon comes a little closer on Feb. 19 and is at its brightest for all of 2019.
Source: CNET

Oscars 2019 predictions: Best picture, best director, best actor, best actress – CNET

Roma, Green Book and The Favourite lead the pack for best picture, but Black Panther and BlacKkKlansman could be wild-card winners.
Source: CNET

The great white shark's genetic healing powers have been decoded – CNET

We now know more about how they heal so rapidly and, potentially, how they stave off cancer.
Source: CNET

We cannot wait for smartphones to dazzle us at MWC 2019 video – CNET

From The 3:59 show: Expect to see phones with foldable screens and a crazy number of cameras.
Source: CNET

India’s state gas company leaks millions of Aadhaar numbers

Another security lapse has exposed millions of Aadhaar numbers.

This time, India’s state-owned gas company Indane left exposed a part of its website for dealers and distributors, even though it’s only supposed to be accessible with a valid username and password. But the part of the site was indexed in Google, allowing anyone to bypass the login page altogether and gain unfettered access to the dealer database.

The data was found by a security researcher who asked to remain anonymous for fear of retribution from the Indian authorities. Aadhaar’s regulator, the Unique Identification Authority of India (UIDAI), is known to quickly dismiss reports of data breaches or exposures, calling critical news articles “fake news,” and threatening legal action and filing police complaints against journalists.

Baptiste Robert, a French security researcher who goes by the online handle Elliot Alderson and has prior experience investigating Aadhaar exposures, investigated the exposure and provided the results to TechCrunch. Using a custom-built script to scrape the database, he found customer data for 11,000 dealers, including names and addresses of customers, as well as the customers’ confidential Aadhaar number hidden in the link of each record.

Robert, who explained more about his findings in a blog post, found 5.8 million Indane customer records before his script was blocked. In all, Robert estimated the total number affected could surpass 6.7 million customers.

We verified a sample of Aadhaar numbers from the site using UIDAI’s own web-based verification tool. Each record came back as a positive match.

A screenshot showing the unauthenticated access to Indane’s dealer portal, which included sensitive information on millions of Indian citizens. This was one dealer who had 4,034 customers. (Image: TechCrunch)

It’s the latest security lapse involving Aadhaar data, and the second lapse to embroil Indane. Last year, the gas and energy company was found leaking data from an endpoint with a direct connection to Aadhaar’s database. This time, however, the leak is believed to be limited to its own data.

Indane is said to have more than 90 million customers across India.

The exposure comes just weeks after an Indian state leaked the personal information of more than 160,000 government workers, including their Aadhaar numbers.

Aadhaar numbers aren’t secret, but are treated as confidential and private information similar to Social Security numbers. More than 90 percent of India’s population, some 1.23 billion citizens, are enrolled in Aadhaar, which the government and some private enterprises use to verify identities. The government uses Aadhaar to enroll citizens in state services, like voting, or applying for welfare or financial assistance. Some companies also pushed customers to enroll their bank accounts or phone service to their Aadhaar identity, but this was recently struck down by the country’s Supreme Court. Many say linking their Aadhaar identities to their bank accounts has led to fraud.

The exposure is likely to reignite fresh concerns that the Aadhaar system is not as secure as UIDAI has claimed. Although few of the security incidents have involved a direct breach of Aadhaar’s central database, the weakest link remains the companies or government departments that rely on the data.

We contacted both Indane and UIDAI, but did not hear back.


Source: TechCrunch

Galaxy X, Galaxy Fold, Galaxy F: Feb. 20 launch, price, specs, rumored March release date for Samsung's foldable phone – CNET

Samsung just confirmed it’ll talk about its foldable phone on Feb. 20.
Source: CNET

New Chrome feature aimed at preventing websites from blocking Incognito Mode

A new Chrome feature will prevent websites from blocking Chrome users as they browse using Incognito Mode. The feature is supposed to fix a known loophole that allows websites to detect and block those using Incognito Mode.

The post New Chrome feature aimed at preventing websites from blocking Incognito Mode appeared first on Digital Trends.


Source: Digital trends

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