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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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This Week in Apps: Spotify debuts a...

June 19, 2021

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of...

Investors say Eindhoven poised to become Netherlands’...

June 19, 2021

Eindhoven might not immediately spring to mind as a high-tech hub, but the Netherlands city is keen to position itself as a center for deep tech in Europe. The Technical University of Eindhoven, High Tech Campus Eindhoven, and locally based corporates like ASML and Philips have been eyeing initiatives across Europe and applying what they’ve learned to the region’s strategy. Philips launched in Eindhoven in 1891 and played no small part in the municipality’s ambitions to become a tech...

Daily Crunch: Spotify and Ford make acquisitions

June 18, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome back to the Daily Crunch for Friday, June 18. Congratulations! You’ve made it to the end of the week without Alexander, who will return bright-eyed on Monday. TechCrunch has the day off for Juneteenth, so this will be a tad pared down. And by “a tad pared down” I mean a lot pared down. To...

Perspectives on tackling Big Tech’s market power

June 18, 2021

The need for markets-focused competition watchdogs and consumer-centric privacy regulators to think outside their respective ‘legal silos’ and find creative ways to work together to tackle the challenge of big tech market power was the impetus for a couple of fascinating panel discussions organized by the Centre for Economic Policy Research (CEPR), which were livestreamed yesterday but are available to view on-demand here. The conversations brought together key regulatory leaders from Europe and the US — giving a glimpse...

Tiger Global in talks to back BharatPe...

June 18, 2021

Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 billion, sources said, requesting anonymity as the matter is private. The round hasn’t closed, so terms may change, sources cautioned. BharatPe, which prior to the new round had raised...

Internxt gets $1M to be ‘the Coinbase...

June 17, 2021

Valencia-based startup Internxt has been quietly working on an ambitious plan to make decentralized cloud storage massively accessible to anyone with an Internet connection. It’s just bagged $1M in seed funding led by Angels Capital, a European VC fund owned by Juan Roig (aka Spain’s richest grocer and second wealthiest billionaire), and Miami-based The Venture City. It had previously raised around half a million dollars via a token sale to help fund early development. The seed funds will be...

Unit raises $51M in Accel-led Series B...

June 17, 2021

We’ve all heard the phrase, “Every company is a fintech.” But these days, that’s becoming more and more true as an increasing number of companies that are not even in the financial services space seek to add a fintech component to their offering. A group of startups poised to benefit from this shift are those offering banking as a service. One such startup, Unit, has raised $51 million in a Series B round to further its goal of making...

Kenyan foodtech startup Kune raises $1M pre-seed...

June 17, 2021

While there has been a wave of innovation in food tech worldwide, it’s still in early days for Africa. There are only a handful of African food-tech startups, and a year and a half’s worth of global pandemic has added a couple to that list. Kune is one of the most recent food-tech startups, and today, the six-month-old Kenyan-based company is announcing that it has closed a $1 million pre-seed round to launch its on-demand food service in August....

Tractable raises $60M at a $1B valuation...

June 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Tractable, which works with automotive insurance companies to let users take and submit photos of damaged cars that are then “read” to make appraisals, has raised $60 million, a Series D that values Tractable at $1 billion, the company said. Tractable says it works with...

Ukrainian police arrest multiple Clop ransomware gang...

June 16, 2021

Multiple suspects believed to be linked to the Clop ransomware gang have been detained in Ukraine after a joint operation from law enforcement agencies in Ukraine, South Korea and the United States. The Cyber Police Department of the National Police of Ukraine confirmed that six arrests were made after searches at 21 residences in the capital Kyiv and nearby regions. While it’s unclear whether the defendants are affiliates or core developers of the ransomware operation, they are accused of...

Yasmin Razavi of Spark Capital will sit...

June 16, 2021

Joining us onstage as a judge for TechCrunch Disrupt 2021‘s Startup Battlefield will be Yasmin Razavi, general partner at Spark Capital. Her engineering background and fintech chops should make for incisive questions for the founders presenting. Razavi invests in growth-stage enterprise, fintech and developer companies, but her background is until fairly recently an engineering-focused one. She grew up in Tehran, studied engineering at the University of Toronto and got her MBA at Harvard Business School. A stint at McKinsey...

Spotify launches its live audio app and...

June 16, 2021

In March, Spotify announced it was acquiring the company behind the sports-focused audio app Locker Room to help speed its entry into the live audio market. Today, the company is making good on that deal with the launch of Spotify Greenroom, a new mobile app that allows Spotify users worldwide to join or host live audio rooms, and optionally turn those conversations into podcasts. It’s also announcing a Creator Fund which will help to fuel the new app with...

Andreessen Horowitz goes into publishing with Future

June 15, 2021

Today, venture firm Andreessen Horowitz is officially launching its media property, called Future. I’m on vacation today but couldn’t resist covering this fascinating new project. The publication will initially focus on topics related to areas that the firm invests in but will expand over time using a mix of full-time staff, paid contributors and industry operators like founders, academics and entrepreneurs. And yes, they did get the dot com. The Future.com that is launching today is an MVP version...

Automotive marketplace Carro hits unicorn status with...

June 15, 2021

Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth. About 90% of vehicles sold through Carro are secondhand, and it offers services that cover the entire lifecycle of a car, from maintenance to when it is broken down and recycled for parts. Founded in 2015, Carro started...

Daily Crunch: The Nubank EC-1

June 14, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. It’s Daily Crunch time for Monday, June 14. I will be standing in for Alexander Wilhelm while he’s off enjoying his time away from the news cycle — if I don’t have to report for jury duty. Big news today! We launched the Nubank EC-1, an extensive look into one of the biggest startups in the...

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