Samsung says the 512GB 5G model of Galaxy Fold will be available in South Korea starting September 6 for ~$2,000, US launch to happen “in the coming weeks” — After its first attempt at a launch fizzled out in the spring, the Samsung Galaxy Fold is ready to try again at making a first impression.
Data protection and management company Commvault to acquire Hedvig, a software-defined distributed storage provider, for $225M; Hedvig had raised $52M from VCs — With the acquisition, Commvault, which has focused primarily on data protection and management, gains new capabilities …
Five months after its planned launch, the Samsung Galaxy Fold is finally here. Well, almost. After offering a broad September time frame a few months back, the electronics giant just announced that the foldable foldable phone will be arriving in its native South Korea on September 6. Customers in the U.S. will have to wait a bit longer, with device arriving in “coming weeks.” Ditto for France, Germany, Singapore and the U.K.
The handset will be available in both black and silver options, along with a 5G version of the handset in “select countries,” marking the third Samsung device to offer up the next gen wireless technology.
If you follow the mobile space at all, you’re no doubt familiar with the saga. The company was targeting a spring timeframe for the launch of what is ostensibly the first consumer folding phone. The future, however, didn’t arrive as quickly as Samsung was hoping. Multiple review devices returned to the company broken. After initially blaming reviewers for the problems, the company ultimately accepted responsibility and went back to the drawing board for the 7.3 inch device.
“During the past several months, Samsung has been refining the Galaxy Fold to ensure it delivers the best possible experience,” the company explains. “Not only we improved the Galaxy Fold’s design and construction, but also took the time to rethink the entire consumer journey.”
The company’s clearly spinning this as an “opportunity,” and certainly it dodged a bullet by addressing these problems before releasing the product to consumers. Samsung has already discussed the fixes in previous announcements. The screen protector has been extended to under the bezels, so consumers don’t break the display by mistaking it for a removable laminate. Also, the gaps in the folding mechanism have been tightened, so particles can’t fall behind the screen.
The foldable starts at $2,000 and can currently be preordered through Samsung’s site.
Representatives from the Federal Bureau of Investigation, the Office of the Director of National Intelligence and the Department of Homeland Security met with counterparts at tech companies including Facebook, Google, Microsoft and Twitter to discuss election security, Facebook confirmed.
“The purpose was to build on previous discussions and further strengthen strategic collaboration regarding the security of the 2020 U.S. state, federal, and presidential elections,” according to a statement from Facebook head of cybersecurity policy, Nathaniel Gleicher.
First reported by Bloomberg, the meeting between America’s largest technology companies and the trio of government security agencies responsible for election security is a sign of how seriously the government and the country’s largest technology companies are treating the threat of foreign intervention into elections.
Earlier this year the Office of the Inspector General issued a report saying that the Department of Homeland Security has not done enough to safeguard elections in the United States.
Throughout the year, reports of persistent media manipulation and the dissemination of propaganda on social media platforms have cropped up not just in the United States but around the world.
In April, Facebook removed a number of accounts ahead of the Spanish election for their role in spreading misinformation about the campaign.
Companies have responded to the threat by updating different mechanisms for users to call out fake accounts and improving in-house technologies used to combat the spread of misinformation.
Twitter, for instance, launched a reporting tool whereby users can flag misleading tweets.
“Improving election security and countering information operations are complex challenges that no organization can solve alone,” said Gleicher in a statement. “Today’s meeting builds on our continuing commitment to work with industry and government partners, as well as with civil society and security experts, to better understand emerging threats and prepare for future elections.”
Palo Alto Networks surely loves to buy security startups. Today it added to its growing collection when it announced its intent to acquire IoT security startup Zingbox for $75 million.
The company had raised $23.5 million, according to Crunchbase data. The three co-founders, Xu Zou, May Wang and Jianlin Zeng, will be joining Palo Alto after the sale is official.
With Zingbox, the company gets IoT security chops, something that is increasingly important as companies deploy internet-connected smart devices and sensors. While these tools can greatly benefit customers, they also often carry a huge security risk.
Zingbox, which was founded in 2014, gives Palo Alto a modern cloud-based solution built on a subscription model along with engineering talent to help build out the solution further. Nikesh Arora, chairman and CEO of Palo Alto Networks, certainly sees this.
“The proliferation of IoT devices in enterprises has left customers facing an enormous gap in protection against cybersecurity attacks. With the proposed acquisition of Zingbox, we will provide a first-of-its-kind subscription for our Next-Generation Firewall and Cortex platforms that gives customers the ability to gain control, visibility and security of their connected devices at scale,” Arora said in a statement.
This is the fourth security startup the company has purchased this year. It acquired two companies, nabbing PureSec and Twistlock, on the same day last Spring. Earlier this year, it bought Demisto for $560 million. All of these acquisitions are meant to build up the company’s portfolio of modern security offerings without having to build these kinds of tools in-house from scratch.
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Facebook rolls out pop-up windows on Facebook and Instagram that appear when people search for vaccine info; notices point to CDC or World Health Organization — Facebook to crack down on anti-vaccine misinformation — (CNN)A new feature is rolling out on Facebook and Instagram to combat the spread of anti-vaccine misinformation.
Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced today the launch of a $50 million fund for logistics and supply chain startups. The firm is based in Singapore, but will look for companies around the world that are raising their Series A or B rounds.
Managing director Marc Dragon tells TechCrunch that Reefknot will serve as a strategic investor in its portfolio companies, providing them with connections to partners that include EDBI, SGInnovate, Atlantic Bridge, Vertex Ventures, PSA unBoXed, Unilever Foundry and NUS Enterprise, in addition to Temasek and Kuehne + Nagel.
Dragon, a veteran of the supply chain and logistics industry, says Reefknot plans to invest in about six to eight startups. It is especially interested in companies that are using AI or deep mind tech, digital logistics and trade finance to solve problems that range from analyzing supply chain data and making forecasts to managing the risk of financing trade transactions. Data from Gartner shows that about half of global supply chain companies will use AI, advanced analytics or the Internet of Things in their operations by 2023.
“There is a high level of expectation from vendors that because of technology, there will be new methods to do analytics and planning, and greater visibility in terms of information and product, materials and goods flowing throughout the supply chain,” says Dragon.
Reefknot will also establish a think tank that will work with industry experts and government organizations on forums, research and exploring new logistics and supply chain business models that startups can bring into fruition.
Connected learning platform Chegg to buy Thinkful, a Brooklyn-based online coding bootcamp, for $80M; Thinkful has raised $16M in VC funding — Chegg, a Santa Clara, Calif.-based publicly traded student services company, plans to buy Thinkful, a Brooklyn-based online coding bootcamp.
There’s an arms race in retail to produce better coffee, and one startup, Bellwether Coffee, thinks it has the solution for retailers to sell the very best beans.
The business, headquartered in Berkeley, is today announcing a $40 million Series B financing led by DBL Partners and SolarCity co-founders Peter and Lyndon Rive. The round brings its total funding to $56 million, including a $10 million Series A last summer.
The hardware and software business manufactures tech-enabled zero-emission commercial coffee roasters designed to sit in cafes, grocery stores, on college campuses and any other place people buy coffee. Purchase of a roaster, which are sold for $75,000 or leased for $1,000 per month, comes with access to an online marketplace for coffee beans. The goal is to give coffee shops the power to roast their own beans, forgoing the middle men that have historically sold wholesale pre-roasted beans at a premium to cafes around the world.
“We want to create this connected coffee experience from the farm in Ethiopia all the way to the roaster at the cafe and the customer,” Bellwether chief executive officer Nathan Gilliland tells TechCrunch.
With roughly 140 customers, Bellwether plans to expand manufacturing capabilities and grow its customer-facing team with the infusion of venture capital funding. After growing revenues 6x in 2019, the startup is also unlocking its global ambitions, with launches in Southeast Asia and Europe scheduled for next year.
Gilliland credits the company’s growth to a larger movement at play: The “premiumization of coffee,” in which consumers are in search of higher quality cups of joe.
“You saw it happen with wine, you saw it in craft beer,” he said. “You were drinking Bud Light and now you’re drinking craft beer. You see it in higher-end grocery stores pushing out these products; it’s the premiumization of the category.”
“Thirty years ago, everyone drank Folgers, then Starbucks changed how everyone thought about coffee in the 80s, then Blue Bottle took it to the next step and that’s the backdrop,” he added.
Bellwether was founded in 2013 by Ricardo Lopez. The company is also backed by FusionX, Congruent Ventures, Coffee Bell, Tandem Capital, Spindrift Equities, XN Ventures, Balius Partners and Hardware Club.
Abner Li / 9to5Google : YouTube launches a Premium paywall for song lyrics on YouTube Music, after testing it in recent months; users get...
