Here’s your Daily Crunch for April 17, 2020. 1. Stripe raises$600M at$36B assessment in Series G extension, states it has$2B on its balance sheet The economy might be contracting as an outcome of the COVID-19 pandemic, but promising startups are still continuing to raise money
to fortify finances for whatever might lie ahead. The current advancement: Stripe, a widely known payments unicorn, announced that it had raised another$600 million in brand-new capital, money
that it plans to use to continue buying product advancement, more worldwide expansion and strategic initiatives. 2. Uber withdraws 2020 guidance”Given the developing
nature of COVID-19 and the unpredictability it has actually triggered for every single industry in every part of the world, it is difficult to forecast with accuracy the pandemic’s cumulative effect on our future financial outcomes,”Uber stated in a declaration. 3. Security lapse exposed Clearview AI source code The controversial facial recognition start-up
allows its police users to take a photo of an individual, upload it and match it versus its alleged database of 3
billion images, which the company scraped from public social networks profiles. And for a time, a misconfigured server exposed the business’s internal files, apps and source code for anyone on the internet to find. 4. Altering policy, Y Combinator cuts its pro rata stake and makes investments case-by-case Under its new policy, the accelerator is minimizing its pro rata financial investment size from 7%to 4%and is just spending for a case-by-case basis moving forward. Obviously the portfolio has actually gotten too
large for blanket financial investments, and some of the restricted partners who back the accelerator’s operations are balking at making commitments to the pro rata program. 5. Announcing the Additional Crunch Live occasion series Up: We’ll be talking with Aileen Lee(previous KPCB partner,
founder creator managing handling at Cowboy.vc and coiner of the term”Unicorn”)and Ted Wang(Cowboy.vc partner, former partner at Fenwick & West, and former outside counsel
to Facebook, Twitter, Dropbox, Square and more) on Monday, April 20. And yes, you’ll require to be a Bonus Crunch member to tune in. 6. NASA exposes ambitious multi-spacecraft strategy to bring a piece of Mars back to Earth NASA has said lot of times that it intendsto collect a sample from Mars and return it to Earth. How will the organization go about scooping up soil from the surface of a remote world and getting it back here? With a newly-revealed plan that sounds straight out of sci-fi. 7. Facebook’s annual virtual truth conference goes virtual-only Facebook announced that it will be shelving the in-person component of its virtual reality-focused Oculus Link 7 conference due to COVID-19 issues and concentrating on a digital format. Although the company hadn’t revealed dates for the occasion, the conference is normally kept in late September or early October. The Daily Crunch is TechCrunch’s roundup of our most significant and most important stories. If you want to get this provided to your inbox every day at around 9am Pacific, you can subscribe here.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.