Eden Farm is a startup with the ambitious goal of building a food distribution network for Indonesia, where many restaurants currently rely on markets for fresh ingredients. But this means high markups and unreliable supplies for restaurant owners and lower profits for farmers, co-founder and CEO David Gunawan tells TechCrunch. The company, part of Y
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VMware today confirmed that it is in talks to acquire software development platform Pivotal Software, the service best known for commercializing the open-source Cloud Foundry platform. The proposed transaction would see VMware acquire all outstanding Pivotal Class A stock for $15 per share, a significant markup over Pivotal’s current share price (which unsurprisingly shot up
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International money transfer startup TransferWise’s debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands its presence in the Asia-Pacific region. TransferWise’s debit card, which features low, transparent fees and exchange rates, first launched in the United Kingdom and Europe
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Flatfair, a London-based fintech that lets landlords offer “deposit-free” renting to tenants, has raised $11 million in funding. The Series A round is led by Index Ventures, with participation from Revolt Ventures, Adevinta, Greg Marsh (founder of Onefinestay), Jeremy Helbsy (former Savills CEO) and Taavet Hinrikus (TransferWise co-founder). With the new capital, Flatfair says it
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Today is our promised Equity Shot (a short-form, single-topic episode) on the WeWork S-1. You can read Kate’s notes here, or Alex’s here as a place to start. Given that we didn’t know when the WeWork S-1 filing
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The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook is losing its last Oculus co-founder Nate Mitchell, the final Oculus co-founder remaining at Facebook, announced in an internal memo
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Last year Broadcom, a chipmaker, raised eyebrows when it acquired CA Technologies, an enterprise software company with a broad portfolio of products, including a sizable mainframe software tools business. It paid close to $19 billion for the privilege. Then last week, the company opened up its wallet again and forked over $10.7 billion for Symantec’s
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Two major U.S. carriers, AT&T and T-Mobile, announced this morning a plan to team up to protect their respective customer bases from the scourge of scam robocalls. The two companies will today begin to roll out new cross-network call authentication technology based on the SHAKEN/STIR standards — a sort of universal caller ID system designed
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Skip is beginning to test the first electric scooter that the startup built entirely in-house. They’re not quite ready for primetime, but Skip expects to deploy them in San Francisco this October. That’s notably when San Francisco plans to allow service providers to deploy electric scooters as part of the city’s first permanent permitting program.
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Today, Procore, a construction software company, announced Procore BIM (Building Information Modeling), a new tool that takes advantage of Apple hardware advances to bring the 3D construction model to iOS. Dave McCool, senior product manager at Procore, says that architects and engineers have been working with 3D models of complex buildings for years on desktop
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WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. Backed by billions by SoftBank and its monstrous Vision Fund, the exit is expected as soon as next month. The New York-based company, valued at $47 billion earlier this year, has long been rumored to
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Facebook’s lead privacy regulator in Europe is now asking the company for detailed information about the operation of a voice-to-text feature in Facebook’s Messenger app and how it complies with EU law. Yesterday Bloomberg reported that Facebook uses human contractors to transcribe app users’ audio messages — yet its privacy policy makes no clear mention
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Oregon this week became the 15th state (plus the District of Columbia) to sign onto a lawsuit seeking to stop a T-Mobile/Sprint merger. The suit, co-signed by 16 attorneys general, argues that a merger between the country’s third and fourth largest carriers would greatly reduce competition in the wireless industry. “It’s important that Oregon join
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