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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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Singapore-based Syfe, a robo-advisor with a human...

September 23, 2020

Dhruv Arora, the founder and CEO of Singapore-based investment platform Syfe Syfe, a Singapore-based startup that wants to make investing more accessible in Asia, announced today that it has closed a SGD $25.2 million (USD $18.6 million) Series A led by Valar Ventures, a fintech-focused investment firm. The round also included participation from Presight Capital and returning investor Unbound, which led Syfe’s seed funding last year. Founded in 2017 by chief executive officer Dhruv Arora, Syfe launched in July...

TransferWise reports accelerating revenue growth to 70%...

September 22, 2020

TransferWise, a European fintech unicorn, announced the financial results of its fiscal year ending March, 2020. The company posted strong growth, continued profit and new customer records. TransferWise was most recently valued at $5 billion during a secondary sale worth $319 million in July of this year. On the results front, we can compare the company’s March 2020 year to its March 2019 year, the results of which we also have available. Here are the nuts and bolts, picking...

Join Accel’s Andrew Braccia and Sonali De...

September 22, 2020

Disrupt was just days ago, but the TechCrunch crew is continuing our regular series of public chats with leading founders and venture capitalists under the Extra Crunch Live banner. Today, we’re excited to host Andrew Braccia and Sonali De Rycker from Accel. The pair of investors will join us for a live Q&A at 2 p.m. Eastern time today (11 a.m. Pacific, 8 p.m. CET). Links and details are down below. As discussed last week when we announced the session,...

A meeting room of one’s own: three...

September 21, 2020

One of the more salient trends in the tech world — arguably the engine that propels it — has been the recurring theme of people who hone talents at bigger companies and then strike out on their own to found their own startups. (Some, like Max Levchin, even hire entrepreneurial types intentionally to help perpetuate this cycle and get more proactive teams in place.) It turns out that trend doesn’t just apply to companies, but also to the investors...

Was Snowflake’s IPO mispriced or just misunderstood?

September 19, 2020

Notes, details, and other data from an incredibly busy week Alex Wilhelm 15 hours Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Ready? Let’s talk money, startups and spicy IPO rumors. Was Snowflake’s IPO mispriced or just misunderstood? With an ocean of neat stuff to get through below, we’ll be quick today on our thought bubble focused...

Chime adds $485M at a $14.5B valuation,...

September 18, 2020

In the midst of IPO week we have to add another name to our future debuts list, namely Chime, which announced a huge new round of capital today. The $485 million Series F values the consumer fintech giant at $14.5 billion, a huge figure given that Chime was most recently worth $5.8 billion after raising $700 million last December. Even more stark is the company’s $1.5 billion valuation set in early 2019. From $1.5 billion to $14.5 billion in...

Daily Crunch: Twitter tightens security ahead of...

September 17, 2020

Twitter takes preemptive steps to avoid election-related hacks, we check out the new Apple Watches and Facebook launches new business tools. This is your Daily Crunch for September 17, 2020. The big story: Twitter tightens security ahead of election Twitter said today that “high-profile, election-related” accounts in the United States will be receiving notifications telling them they’re required to adopt strong passwords. The company will also be enabling password reset protections for those accounts, and encouraging them to adopt...

Twitter tightens account security for political candidates...

September 17, 2020

Twitter is taking steps to tighten account security for a range of users ahead of the US presidential election, including by requiring the use of strong passwords. “We’re taking the additional step of proactively implementing account security measures for a designated group of high-profile, election-related Twitter accounts in the US. Starting today, these accounts will be informed via an in-app notification from Twitter of some of the initial account security measures we will be requiring or strongly recommending going...

Startup founders must overcome information overload

September 17, 2020

Entrepreneurs share their tips for weighing advice and data Mercedes Bent 16 hours Mercedes Bent Contributor Mercedes Bent is a partner at Lightspeed where she invests in consumer, edtech and fintech companies. Many of the founders I have spoken to said one of their biggest early challenges was figuring out how to sift through all the advice they receive. Advice overload plagues everyone and founders have it especially bad, given that most startups have a board of advisors. Founders...

Lightspeed announces the launch of its Southeast...

September 17, 2020

Lightspeed’s Southeast Asia team: Akshay Bhushan, Marsha Sugana, Pinn Lawjindakul and Bejul Somaia Lightspeed Venture Partners announced the launch of its Southeast Asia operations today. Based out of the firm’s new regional headquarters in Singapore, Lightspeed’s team there will invest in startups throughout Southeast Asia from the three global funds it closed earlier this year, which total about $4 billion. The Southeast Asia team consists of partner Akshay Bhushan, who was a founding member of Flipkart’s corporate development team...

Justice Dept. charges five Chinese members of...

September 16, 2020

WASHINGTON, DC – DECEMBER 09: The Justice Department building on a foggy morning on December 9, 2019 in Washington, DC. (Photo by Samuel Corum/Getty Images) The Justice Department has announced charges against five alleged Chinese citizens, accused of hacking over 100 companies in the United States, including tech companies, game makers, universities, and think tanks. Zhang Haoran and Tan Dailin were charged in August 2019 with over two-dozen counts of conspiracy, wire fraud, identity theft and charges related to...

HacWare wants you to hate email security...

September 15, 2020

Let’s face it, email security is something a lot of people would rather think less about. When you’re not deluged with a daily onslaught of phishing attacks trying to steal your passwords, you’re also expected to dodge the simulated phishing emails sent by your own company all for the sake of checking a compliance box. One security startup wants that to change. Tiffany Ricks founded HacWare in Dallas, Texas, in 2017 to help bring better cybersecurity awareness to small...

Amazon-backed Indian insurtech startup Acko raises $60...

September 15, 2020

A young Indian startup that is taking on the country’s antiquated insurance industry with a digital-first product — and which has already received backing from global giant Amazon — today announced a new financing round. Bangalore-based Acko said on Tuesday it has raised $60 million in its Series D financing round. Germany-based Munich Re, one of the world’s largest reinsurers, led the financing round, while existing investors Amazon, RPS Ventures and Intact Ventures, corporate venture arm of Canada’s largest...

Check out these Breakout Sessions at Disrupt...

September 12, 2020

We’re on the brink of the biggest Disrupt in TechCrunch history. It’s five days of education, exhibition, competition and connection that spans the globe. As you plan your schedule, keep this in mind: You’ll find some of the most insightful and downright interesting programming at Disrupt 2020 in our Breakout Sessions. And that, given our powerhouse agenda, is saying something. Every Disrupt attendee can take part in the breakout sessions — they’re open to every pass level. Breakouts cover...

Is the vaunted cloud acceleration falling flat?

September 12, 2020

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Ready? Let’s talk money, startups and spicy IPO rumors. Is the vaunted cloud acceleration falling flat? This week we’re taking a look at the bad side of the cloud software market. In case you were avoiding the news over the last week, tech and software stocks are struggling. Not...

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