Tuesday, August 25, 2020

Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio

FTX, a cryptocurrency exchange that offers derivatives, options and other sophisticated products, is acquiring a popular portfolio tracking app, Blockfolio.

FTX is spending $150 million for the acquisition. But take that price with a grain of salt as it’s a combination of cash, cryptocurrency and stock. Cryptocurrency (and stock) in particular might not be perfectly liquid.

While an exchange buying a portfolio tracking app seems to be a right fit, they don’t necessarily have the same audience right now. FTX is better positioned for professional traders as it lets you trade on futures markets and it even offers ERC-20 tokens that track the volatility of bitcoin.

Blockfolio is a consumer app and it has been downloaded over 6 million times on iOS and Android. The startup had previously raised $17 million from Founders Fund, Pantera Capital, Dan Matuszewski, DCM Ventures, Hashkey Digital Asset Group and others.

As the name suggests, Blockfolio lets you add your portfolio of cryptocurrencies and track their value over time. The app also lets you view market moves by searching for a token in the app. You can also automate portfolio tracking by connecting the app with your exchange accounts.

With today’s move, FTX wants to launch a simpler trading experience for retail customers. The teams behind FTX and Blockfolio are already working together on a Blockfolio-branded trading product.

And if FTX takes advantage of Blockfolio’s user base, it’s certainly going to be a big advantage when it comes to liquidity.

Everyone filed to go public Monday

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines.

We’re back out of sequence, because literally every company you can name (well, almost) dropped an S-1 yesterday so we had to sit down and parse them out a bit. That so many filings dropped during the same two days when we had Y Combinator’s two-day Demo Day at the same time meant that we were all a bit punch drunk, but we rallied.

Natasha and Danny and Chris and myself all piled back onto the mics to dig through all the numbers. Here’s a rundown of the companies we went through:

  • Palantir, which filed its formal S-1 during our recording session. Danny covered most of the news last Friday, but the public doc is now live, so happy sleuthing.
  • Unity’s huge IPO that shows how big gaming is. Natasha connected it to the broader Apple-Epic dust-up, and we all reviled in its growth results.
  • Snowflake had Danny so excited he was conjuring scripted segues, and we were all impressed at its historical growth. Sure, it lost a lot of money last year, but, hey, Snowflake has dialed that back as well.
  • And then there was Asana, a company I’ve covered quite a lot over the years. Our general take is that the company’s growth has been good, if it is losing more money than we anticipated. Still, Asana could set a neat new precedent of raising debt ahead of a direct listing. This is one to watch.
  • And then we spent a little time on JFrog and Sumo Logic (more here), because we are nothing if not completionists.

Got all of that? It was a lot of facts to get through, but we did our best and we hope this helps. More tomorrow as we talk Y Combinator with a special guest host. Chat tomorrow!

Equity drops every Monday at 7:00 a.m. PT and Friday at 6:00 a.m. PT, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

Monday, August 24, 2020

Apple ordered to not block Epic Games’ Unreal Engine, but Fortnite to stay off App Store

A district court denied Epic Games’ motion to temporarily restore Fortnite game to the iOS App Store, but also ordered Apple to not block the gaming giant’s ability to provide and distribute Unreal Engine on the iPhone-maker’s ecosystem in a mixed-ruling delivered Monday evening.

U.S. District Court Judge Yvonne Gonzalez Rogers said Apple can’t retaliate against Epic Games by blocking the gaming firm’s developer accounts or restrict developers on Apple platforms from accessing Unreal Engine. 

“The record shows potential significant damage to both the Unreal Engine platform itself, and to the gaming industry generally, including on both third-party developers and gamers,” she said.

But the ruling was not a complete win for Epic Games, which had also requested the sleeper hit title Fortnite to be restored on the iOS App Store. Rogers said the game will remain off the App Store unless Epic Games attempted to bring it back in accordance with App Store guidelines. 

More to follow…

Supermetrics raises €40M to bring all your marketing data together

Supermetrics, the data management and analysis tool for marketers, has raised €40 million in new funding.

Leading the round is Highland Europe, with participation from IVP, while the injection of capital will be used by the profitable Finland-based company for further expansion, including bringing data warehousing to the marketing sector.

Founded in in 2013 by Mikael Thuneberg, Supermetrics is a SaaS that helps marketers compile data in a “ready-to-use format” that is compatible with their data crunching and reporting tool(s) of choice. The idea is to provide a unified view of various disparate marketing data so that marketing teams and other stakeholders can see what is and isn’t performing — and more easily course correct or double down.

Supermetrics is also designed to be used by non-engineers, and without the need to add another codebase to a company’s IT stack.

“The problem is the growing amount of data that marketing teams have to work with and the fact that data is increasingly scattered across a growing number of platforms, channels and tools,” Thuneberg tells me. “It is hard to get a comprehensive view of the overall marketing performance, managing all that data becomes hard work. Many marketers still rely on manual processes like copy-pasting to collect their data together and to update reports. It is time-consuming, error-prone and boring”.

To remedy this, Supermetrics automates data transfers from more than 70 marketing data sources to tools like Google Sheets, Google Data Studio, Excel, data warehouses and various business intelligence tools.

“We build tools that take away that pain with automated data transfers and help marketers extract valuable insights from unified data,” says Thuneberg. “Using Supermetrics is very simple and you can get started with just a few clicks, not needing a lengthy setup process. We believe everyone should be able to get their hands on relevant data and use it to do their jobs better”.

In addition, about a year ago, Supermetrics expanded to data warehouses by launching its “Supermetrics for BigQuery” product. “Many of our customers are struggling with the volume of data they need to manage, and setting up a data warehouse can really help them solve many issues. We wanted to make that better available and more accessible to all marketing teams. Although setting up a marketing data warehouse with Supermetrics requires a little more technical know-how, we have stayed true to our philosophy and made it as simple and effortless as possible”.

Meanwhile, Supermetrics is disclosing that the company now has over 14,000 clients, from Fortune 500 companies to marketing agencies. It claims to be “highly profitable” and says it has consistently achieved profit margins of over 30%. Customers include Nestle, Warner Brothers, L’Oreal, Hubspot, and iProspect.

Thuneberg cites Supermetrics’ main competitors as Funnel.io, Adverity, Fivetran and Stitch (part of Talend). “There are also lots of smaller companies addressing the same general problem of marketing data fragmentation,” he adds.

Judge denies Epic's motion to restore Fortnite to the App Store but orders Apple to not block Unreal Engine; full hearing scheduled for September 28 (The Verge)

The Verge:
Judge denies Epic's motion to restore Fortnite to the App Store but orders Apple to not block Unreal Engine; full hearing scheduled for September 28  —  Epic Games won a temporary restraining order against Apple, at least in part  —  Epic Games just won a temporary restraining order against Apple — at least in part.



After restricting a group critical of Thailand’s monarchy, Facebook says it will take legal action against the government

After restricting access to a popular group with posts critical of Thailand’s monarchy, Facebook is planning legal action against the Thai government, which the social media giant says forced it to restrict content deemed to be illegal.

On Monday, Reuters reported access to Royalist Marketplace had been blocked within Thailand. Users there who try to visit the group, which has over a million members, now see a message that says access to it has “been restricted within Thailand pursuant to a legal request from the Ministry of Digital Economy and Society.”

In a media statement emailed to TechCrunch, a Facebook spokesperson said, “After careful review, Facebook has determined that we are compelled to restrict access to content which the Thai government has deemed to be illegal. Requests like this are severe, contravene international human rights law, and have a chilling effect on people’s ability to express themselves. We work to protect and defend the rights of all internet users and are preparing to legally challenge this request.”

The spokesperson added, “excessive government actions like this also undermine our ability to reliably invest in Thailand, including maintaining an office, safeguarding our employees, and directly supporting businesses that rely on Facebook.”

The group was started in April by Pavin Chachavalpongpun, a dissident living in self-exile in Japan, where he is an associate professor of political science at Kyoto University’s Center for Southeast Asian Studies.

Pavin told Reuters that Royalist Marketplace “is part of the democratization process, it is a space for freedom of expression. By doing this, Facebook is cooperating with the authoritarian regime to obstruct democracy and cultivating authoritarianism in Thailand.”

The geo-restriction of Royalist Marketplace comes as thousands of pro-democracy protestors in Bangkok demand reform of the monarchy, including abolition of a strict lese-majeste law that mandates prison sentences of up to 15 years for people who defame members of the monarchy.

Pavin has been openly critical of Thailand’s monarchy. In a piece published on the Council of Foreign Relation’s website earlier this month, Pavin wrote that “for several decades now, the supposedly constitutional monarchy of Thailand has often proven to extend its powers beyond constitutional norms and rules,” intervening in politics as the current king, Maha Vajiralongkorn, established closer ties with the military.

In a 2014 New York Times opinion piece, Pavin described having a warrant issued for his arrest by the military junta that overthrew the democratically elected government of Yingluck Shinawatra in 2014. He was also attacked by a intruder in his Kyoto apparent, which Pavin believes “was a warning for my continuing to hold, and express, my positions.”

The restriction of Thai users’ access to Royalist Marketplace took place three weeks after Thailand’s Minister of Digital Economy and Society, Puttipong Punnakanta, threatened to take action against Facebook because he said it did not comply quickly enough with the government’s requests to restrict content.

In 2016, Thailand enacted the Computer-Related Crime Act, which the Human Rights Watch warned “gives overly broad powers to the government to restrict free speech, enforce surveillance and censorship, and retaliate against activists.”

Facebook is also under scrutiny in India, its biggest market by number of users, after the Wall Street Journal reported that Ankhi Das, the company’s top public policy executive in India, had opposed applying the platform’s hate-speech rules to a member of Prime Minister Narendra Modi’s party.

Connected Roombas get smarter with iRobot’s ‘Genius’ update

For iRobot, much of the last several years has been devoted to making its line of home-cleaning robots smarter. There hasn’t been much in the way of new hardware in a while, as the company focuses on things like connectivity, smart home integration and smarter cleaning. This latest update touches on all three, but primarily focuses on the latter.

Intelligence has long been a bit of a sticking point for the Roomba skeptics. The robotic vacuums have traditionally relied on patterns and physical barriers to offer the best clean. This week’s addition of the Genius Home Intelligence feature, on the other hand, brings a number features aimed at optimizing the cleaning efficiency of existing robots.

The feature is accessible through an update of the company’s Home app and will work with all of iRobot’s connected devices, including the Roomba i7 and i9 vacuums, along with the Braava Jet M6 mop. There’s a laundry list of different updates here, including personalized cleaning schedules developed around the user’s habits and/or preferences. The robots can also specifically target areas where messes tend to accrue, including tables and kitchen counters, setting it in motion with a voice command like, “Roomba, clean around the couch.”

Schedules can be set, including prompts like After Dinner and Bedtime, and the robots can be set to start cleaning when you leave the house and return to their charging bases when you get back. Other options include seasonal cleaning protocols and the ability to set “keep out zones” for the robots.

The news comes during what’s been a bit of a rough year for the Bedford, Massachusetts-based company. Back in April, the company announced it would not be releasing its Terra lawn mowing robot in 2020, as it cut around 5% of its global headcount amid a “repriortization.” The company laid the blame at the feet of COVID-19, as industrial automation companies have seen an increase in interest amid the pandemic.

The Genius feature begins rolling out this week.

MIT wireless system can monitor what care facility residents are doing while preserving privacy

Researchers at MIT’s Computer Science and Artificial Intelligence Lab (CSAIL) have developed a way for a fully wireless system to monitor not only movement and vital signs contact-free, but also to track activities – in a more privacy-preserving way without using video. The system has the potential to be used at long-term care and assisted living facilities to provide a higher standard of support, while also ensuring that the privacy of the residents of those facilities is respected.

The system, which is dubbed “RF-Diary” by the research team that created it, can identify whether a person is sleeping, reading, cooking, watching TV or more, by combining a map of a person’s living space with the types of activities that happen in different activities. The research team behind it trained the system on wireless signals generated by people performing known activities in these spaces, and was subsequently able to categorize activities from new people, in entirely new locations using the knowledge it gained through training.

Not only does the system preserve privacy more effectively than video-based monitoring, but researchers found that RF-Diary was actually more accurate, too. That means that it could accurately identify activity captions for individuals even when they were in dark settings, or blocked by other objects that would’ve thwarted visual checks. Overall, researchers found that their system was able to identify activities accurately over 90 percent of the time, across a range of 30 household activities.

This technology could not only help with communal care facilities, but also with aging-in-place, since the researchers note that families looking to support older relatives who are living alone could also use it as a way to keep up-to-date on their loved ones.

Since it can also monitor vital signs and general movement, the system created by this MIT CSAIL team could be a comprehensive solution that will not only help with resource-strained care facilities, but also with assisted care and remote monitoring in the COVID-19 era, when distance is often a prerequisite for safe and responsible best practice. Now the team hopes to get the system ready for real-world use, as a step towards commercializing it for general sale.

Xiaomi Redmi Note 9 Pro with 5,020mAh battery and up to 6GB RAM to go on sale today via Amazon

Redmi Note 9 Pro comes in three variants. The base model packs 4GB RAM and 64GB internal storage, and can be purchased at Rs 13,999. https://ift.tt/3hrgBt9

Peter Thiel-backed workplace app Asana files for direct listing on NYSE

Asana's move would mark yet another high-profile direct tech listing, after music-streaming business Spotify pioneered the method in 2018 https://ift.tt/3hr1EqR https://ift.tt/eA8V8J

Sources: General Atlantic and Sequoia Capital, two top investors in ByteDance, are key drivers in Oracle's bid for TikTok; Twitter's bid has made little headway (Wall Street Journal)

Wall Street Journal:
Sources: General Atlantic and Sequoia Capital, two top investors in ByteDance, are key drivers in Oracle's bid for TikTok; Twitter's bid has made little headway  —  Investment firms with large existing stakes in ByteDance pursue deal for app's U.S. operations, as potential alternative to Microsoft



Samsung adds ability, off by default, to find offline devices with its Find My Mobile feature, using other people's nearby Galaxy devices to help locate them (Pranob Mehrotra/XDA Developers)

Pranob Mehrotra / XDA Developers:
Samsung adds ability, off by default, to find offline devices with its Find My Mobile feature, using other people's nearby Galaxy devices to help locate them  —  Samsung's Find My Mobile app is designed to help you remotely locate your device, back up data to Samsung Cloud, delete local data …



Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice caused panic and pushback from investors (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice cau...