Ford is committed to electric vehicles and today revealed more details about its upcoming performance electric SUV. Jim Farley, President of Ford Global Markets, speaking a media event today, called the upcoming vehicle low-slung like a Mustang. The company is targeting 2020 release and Farley promised that it will be famous without having to shoot […]
If you can believe anything Elon Musk tweets, then ‘Thud!’ is the name of the media venture that the multi-CEO and space person is starting up, staffed by former Onion writers he’s poached and doing something with comedy. Musk apparently wanted to buy The Onion initially, but I guess that fell through and instead he […]
One of the truisms of software business strategy is that services is bad business; heck, we’ve also said it. The reason, put bluntly, is that it’s a business with low margins and is not as scalable. So in the early days of bringing to market a complex enterprise software product, the repeated feedback I got from nearly all my advisors was to make sure customers were… Read More
Elon Musk has shifted his pans for The Boring Company: While it will still focus on digging tunnels to provide a network of underground tubes suitable for use by high-speed Hyperloop pods, the plan now is to use that Hyperloop to transport pedestrians and cyclists first, and then only later to work on moving cars around underground to bypass traffic. Musk shared the update via Twitter, noting… Read More
The high-end audio technology company Bose is getting into the augmented reality game with a new product and a $50 million fund devoted to startups that will develop services for its new platform.
While most of the industry is focused on a visually augmented experience, Bose is most concerned with the intersection of sound and vision.
The Bose AR prototype, which was unveiled at South by… Read More
Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller rivals BeliMobilGue and Rocket Internet’s Carmudi… Read More
MIT, Massachusetts Institute of Technology, one of the world’s most hallowed educational institutions is turning its attention to Southeast Asia where it hopes to plant the seed of innovation among a new generation of potential entrepreneurs.
That’s through MIT’s Global Startup Workshop (GSW), a 20-year-old conference on innovation and technology, which is headed back to… Read More
The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners, a Los Angeles-based venture… Read More
RedDoorz, a budget hotel startup focused on Southeast Asia, has closed $11 million in new funding to expand its presence.
The three-year-old startup is a number offers a network of hotels that are grouped together under a single brand. The goal is a happy combination that marries the ubiquity of (typically) unorganized local guesthouse-style rooms with the more organized and efficient (but… Read More
Self-driving car startup Aurora has raised $90 million in a Series A round, with participation from both Greylock Partners and Index Ventures. The new funding adds to its available cash and will make it possible for the young startup to scale more quickly, but Aurora CEO Chris Urmson told me that the most important part of this deal from his perspective is that Aurora gets two, high-profile… Read More