Monthly Archives: October 2020

News: Microsoft Office gets mouse and trackpad support for the iPad

As promised, Microsoft announced that it has added full trackpad and mouse support for the iPadOS version of Microsoft 360. That includes Word, Excel and PowerPoint, marking another important step in Apple’s longstanding push to blur the line between tablet and desktop, making iPads more well-rounded productivity machines. Apple laid the foundation back in March,

As promised, Microsoft announced that it has added full trackpad and mouse support for the iPadOS version of Microsoft 360. That includes Word, Excel and PowerPoint, marking another important step in Apple’s longstanding push to blur the line between tablet and desktop, making iPads more well-rounded productivity machines.

Apple laid the foundation back in March, with the release of iPadOS 13.4. Announced alongside the latest iPad Pro, the technology introduced the ability to pair a trackpad or mouse with the tablet, bringing an on-screen cursor. Romain breaks it down more fully here. Along with the new tablet and operating system upgrade came a new (pricey) keyboard sporting a built-in trackpad.

Image Credits: Microsoft

Today’s upgrade from Microsoft builds on that, offering a more desktop-like experience when using its productivity tools on the latest iPad, iPad Pro and iPad Air. It can be used for standard Office things, like highlighting text, selecting range cells in Excel and resizing graphics. Stuff that was possible before, but will definitely benefit from an approach more familiar to anyone who’s used to doing these things on a laptop/desktop.

The update brings a handful of other additions, including a clearer interface and newly organized menus. All should be rolling out to users “within a couple of weeks,” per Microsoft.

News: Daily Crunch: Facebook launches cloud gaming service

Facebook gets into cloud gaming while continuing its public dispute with Apple, Ant Group prepares for a massive IPO and Pinterest embraces iOS widgets. This is your Daily Crunch for October 26, 2020. The big story: Facebook launches cloud gaming service Facebook is launching a cloud gaming service of its very own, although the focus

Facebook gets into cloud gaming while continuing its public dispute with Apple, Ant Group prepares for a massive IPO and Pinterest embraces iOS widgets. This is your Daily Crunch for October 26, 2020.

The big story: Facebook launches cloud gaming service

Facebook is launching a cloud gaming service of its very own, although the focus is different from Google’s Stadia or Microsoft’s xCloud. Rather than trying to recreate the console experience on other devices, the social network’s gaming service is limited to mobile games, particularly on reducing the friction between seeing an ad for a game and playing the game.

The service is launching on the web and on Android, but it’s not available on iOS. Facebook blamed Apple’s App Store terms and conditions for the absence.

Facebook’s Jason Rubin told TechCrunch that Apple’s rules for cloud gaming service present “a sequence of hurdles that altogether make a bad consumer experience.”

The tech giants

Twitter will show all U.S. users warnings about voting misinfo and delayed election results — Starting today, Twitter users in the U.S. will see two large notices at the top of their feeds that aim to “preemptively debunk” misinformation related to voting.

Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO — The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges.

Pinterest’s new widget brings photos from favorite boards to your iOS 14 home screen — As iPhone owners began customizing their iOS 14 home screens with new widgets and custom icons, Pinterest iOS downloads and searches surged.

Startups, funding and venture capital

Tencent leads $100M Series B funding round into China-based esport provider VSPN — Founded in 2016, VSPN was one of the early pioneers in esports tournament organization and content creation out of Asia.

Linktree raises $10.7M for its lightweight, link-centric user profiles — The Melbourne startup says that 8 million users, including celebrities like Selena Gomez and brands like Red Bull, have created profiles on the platform.

This startup wants to fix the broken structure of internships — Symba created white-label software to help companies communicate and collaborate with their now-distributed interns.

Advice and analysis from Extra Crunch

Good and bad board members (and what to do about them) — The CircleUp saga brings up questions about what happens behind the scenes at startups and about board composition specifically.

What would Databricks be worth in a 2021 IPO? — We’ve described Databricks as “an obvious IPO candidate,” and now it sounds like an offering is indeed in the works.

(Reminder: Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)

Everything else

NASA discovers water on the surface of the sunlit portion of the moon — Previously, we knew that water was present as ice on the dark part of the moon, but this is still a groundbreaking discovery.

Human Capital: Court ruling could mean trouble for Uber and Lyft as gig workers may finally become employees — Megan Rose Dickey has officially launched her newsletter focused on labor, diversity and inclusion in tech.

Original Content podcast: ‘Lovecraft Country’ is gloriously bonkers — Bonkers!

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

News: Fragomen, a law firm used by Google, confirms data breach

Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has confirmed a data breach involving the personal information of current and former Google employees. The New York-based law firm provides companies with employment verification screening services to determine if employees are eligible and authorized to work in the United States. Every company operating in the

Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has confirmed a data breach involving the personal information of current and former Google employees.

The New York-based law firm provides companies with employment verification screening services to determine if employees are eligible and authorized to work in the United States.

Every company operating in the United States is required to maintain a Form I-9 file on every employee to ensure that they are legally allowed to work and not subject to more restrictive immigration rules. But Form I-9 files can contain a ton of sensitive information, including government documents like passports, ID cards and driver’s licenses, and other personally identifiable data, making them a target for hackers and identity thieves.

But the law firm said it discovered last month that an unauthorized third-party accessed a file containing personal information on a “limited number” of current and former Google employees.

In a notice with the California attorney general’s office, Fragomen did not say what kind of data was accessed or how many Google employees were affected. Companies with more than 500 California residents affected by a breach are required to submit a notice with the state’s attorney general’s office.

Michael McNamara, a spokesperson for Fragomen, declined to say how many Google employees were affected by the breach.

A spokesperson for Google did not respond to a request for comment.

News: Teaching robots through positive reinforcement

There likely isn’t a robotics teacher institute in the world actively pursuing robotic learning. The field, after all, holds the key to unlocking a lot of potential for the industry. One of the things that makes it so remarkable is the myriad different approaches so many researchers are taking to unlock the secrets of helping

There likely isn’t a robotics teacher institute in the world actively pursuing robotic learning. The field, after all, holds the key to unlocking a lot of potential for the industry. One of the things that makes it so remarkable is the myriad different approaches so many researchers are taking to unlock the secrets of helping robots essentially learn from scratch.

A new paper from Johns Hopkins University sporting the admittedly delightful name “Good Robot” explores the potential of learning through positive reinforcement. The title derives from an anecdote from author Andrew Hundt about teaching his dog to not chase after squirrels. I won’t go into that here — you can just watch this video instead:

But the core of the idea is to offer the robot some manner of incentive when it gets something correct, rather than a disincentive when it does something wrong. For robots, incentives come in the form of a scoring system — essentially a kind of gamification that rewards a number of points based on correctly executing a task.

The PhD candidate says the method was able to reduce the training time of a task significantly. “The robot wants the higher score,” Hundt said in a release tied to the research. “It quickly learns the right behavior to get the best reward. In fact, it used to take a month of practice for the robot to achieve 100% accuracy. We were able to do it in two days.”

The tasks are still quite elementary, including stacking bricks and navigating through a video game, but there’s hope that future robots will be able to work up to more complex and useful real-world tasks.

News: Dallas’ ShearShare has a marketplace connecting stylists with available seats at salons and $2.3 million in funding

Courtney Caldwell and her husband Tye have been building the Dallas-based startup ShearShare, which provides a marketplace service connecting stylists with open seats at hair salons since 2017. Since their launch the two co-founders have been committed to the humble hustle of starting their own business. From flying between San Francisco and Dallas weekly to

Courtney Caldwell and her husband Tye have been building the Dallas-based startup ShearShare, which provides a marketplace service connecting stylists with open seats at hair salons since 2017.

Since their launch the two co-founders have been committed to the humble hustle of starting their own business. From flying between San Francisco and Dallas weekly to participate in the 19th 500 Startups cohort or participating in Y Combinator’s Fellowship program.

Now, with a seed round of $2.3 million and another non-dilutive cash grant from Google for Startups Black Founders Fund, the early stage company is ready to expand.

The two co-founders certainly have a pedigree in the beauty industry. Tye Caldwell has been a luminary in the industry and is a member-elect of the Professional Beauty Association’s advisory board. Together with Courtney he runs an award-winning salon in Dallas.

ShearShare co-founders Tye and Courtney Caldwell

Meanwhile, Courtney Caldwell spent over 20 years working for Oracle in technology marketing. But the two hadn’t really been exposed to the venture capital industry. So when they came up with the idea to start a service providing online matchmaking between salons and stylists — based on their own need to fill a chair at their salon — they didn’t really no where to turn.

Enter TD Lowe. A longtime investor on her own and with organizations like StartupGrind, Lowe introduced the couple to the world of venture capital and startups and the two were off to the races.

“We pioneered on-demand barbershop and space rentals,” Courtney said. “If a salon or barbershop has an open station a stylist can book it like they would a hotel room.”

According to the Caldwells, the beauty industry is the second largest industry for freelancers and independent contractors. Unlike other companies that are trying to serve stylists by offering them features like booking and appointments independent of salons — or services for salons alone — ShearShare is trying to serve both sides of the marketplace with the tools they need.

“We’re not a StyleSeat. We’re not a Squire,” said Courtney. What they are is expanding rapidly. The company has listings in over 600 cities ranging from chair that rents for $15 in Georgia to one that rents for $569 in the heart of Manhattan in New York City.

The company processes payments for the stylists directly through a partnership with a local payment solution called First American Payments based in Ft. Worth, Texas.

“Everyone is setting their sights on direct-to-consumer,” said Courtney. “This is a way we’re helping to keep people at work and refuel the individual economic recovery.”

The next step for the company is to begin launching more ancillary services for stylists. They’re pioneering an insurance policy for stylists that would cover them from on-the-job lawsuits.

“It’s becoming a huge opportunity for the stylist that just didn’t exist,” said Tye. And it all began when the two Caldwells couldn’t find any options when they searched for any terms related to renting space at a barbershop they said. “We reached out to a friend and told her about the opportunity that we’d been presented with and she said, ‘Guys… that’s a billion dollar idea.’”

That friend was Lowe. Who came in to advise the couple and show them the ropes of startup investing.

It’s at least an idea that’s worth tens of millions. That’s how much the startup Mayvenn has raised for its business providing hair extensions and other cosmetics to stylists.

Now, with its new funding, ShearShare is ready to expand, the couple said.

ShearShare’s backers include: Precursor Ventures, Revolution’s Rise of the Rest Seed Fund, Structure Capital, Backstage Capital, and 500 Startups, alongside new participants Bread and Butter Ventures, ArlanWasHere Investments (Arlan Hamilton’s fund in which Mark Cuban is the sole LP), Lightspeed Venture Partners Scouts Program ( with Veronica Juarez and Jason McBride leading), Jaylon Smith of the Dallas Cowboys through the Minority Entrepreneurship Institute, Thaddeus Young of the Chicago Bulls with Reform Venture, the Bumble Fund, Notley Ventures, Sachse Family Fund, and other global investors.

These investors are part of a new breed of investor that’s pushing venture investment into areas that were previously considered beyond the reach of typical firms.

As the chief executive of a beauty and lifestyle startup, Julie Fredrickson told TechCrunch three years ago, “Most of these brands are commensurately underfunded compared to tech companies in similar positions,” said Fredrickson. “There’s a chance for a totally new dominant player and no one’s really gunning for it.”

There’s a huge opportunity for businesses serving all aspects of the beauty industry to flourish, entrepreneurs and investors both said.

“Venture is obsoleting itself as private equity and family offices increasingly go downstream because they’re willing to seek venture-style returns in verticals that venture capital is not prepared or is less educated about,” according to Frederickson.

News: Twitter starts showing all U.S. users election misinformation warnings

Starting today, Twitter users in the U.S. will see two large notices at the top of their feeds that aim to “preemptively debunk” misinformation related to voting. The striking messages are designed to push back against the deluge of false claims about the 2020 election. One notice warns users that they “might encounter misleading information”

Starting today, Twitter users in the U.S. will see two large notices at the top of their feeds that aim to “preemptively debunk” misinformation related to voting. The striking messages are designed to push back against the deluge of false claims about the 2020 election.

One notice warns users that they “might encounter misleading information” about mail-in voting while the other attempts to head off online election-related chaos by cautioning that the results of the U.S. election may be delayed.

Delayed results are a very possible outcome in an election that will see more ballots than ever cast through the mail. States have differing rules about when mailed ballots can begin to be tallied, making it possible that official results may indeed take time to trickle in — a situation that it’s wise to normalize in advance.

The prompts will point users to Twitter Moments that collect authoritative information on both topics. The notices will also pop up in searches of relevant terms and hashtags.

Social media companies have scrambled to ready their platforms for the unique challenges of a deeply contentious U.S. election in the midst of a worsening national health crisis. While those efforts have been mixed — some weak, some more robust — serving proactive, attention-grabbing notices to everyone is a solid step up from the easy-to-miss misinformation “labels” that get tacked onto false claims across Twitter and Facebook.

News: Max Q: NASA makes key discovery for future of deep space exploration

Max Q is a weekly newsletter from TechCrunch all about space. Sign up here to receive it weekly on Sundays in your inbox. This past week, we unveiled the agenda for TC Sessions: Space for the first time. It’s our inaugural event focused on space startups and related technologies, and it’s happening December 16 and

Max Q is a weekly newsletter from TechCrunch all about space. Sign up here to receive it weekly on Sundays in your inbox.

This past week, we unveiled the agenda for TC Sessions: Space for the first time. It’s our inaugural event focused on space startups and related technologies, and it’s happening December 16 and 17. It’s entirely virtual, of course, and the good news is that means you can attend easily from anywhere in the world.

We’ve got an amazing lineup, including newsmakers we regularly cover here. NASA Administrator Jim Bridenstine will be there, as well as U.S. Space Force commanding office Jay Raymond, and Rocket Lab CEO Peter Beck, to name just a few. Tickets are available now, so sign up ASAP to get the best price possible.

SpaceX launched 120 Starlink satellites last week alone

SpaceX launched not one, but two separate Falcon 9 rockets loaded with Starlink satellites for its broadband internet service last week. The first took off on October 19, then just five days later, another full complement reached orbit. SpaceX has now launched nearly 1,000 of these, and it must be getting awfully close to kicking off its public beta of the consumer-facing internet service.

NASA snags rock sample from asteroid’s surface

OSIRIS-REx probe 'tagging' the surface of asteroid Bennu

Image Credits: NASA

NASA has managed to collect a sample from the surface of an asteroid in a first for the agency. The sample collection came courtesy of NASA’s OSIRIS-REx robotic exploration probe, which was built by partner Lockheed Martin. OSIRIS-REx still has some work to do at Bennu, the asteroid from which it collected the sample, but next year it’ll begin heading back with its precious cargo intended for study by scientists here on Earth.

NASA also found water on the sunny side of the Moon

NASA is full of special discoveries this week – scientists working on its SOFIA imaging project confirmed the presence of water on the surface of the Moon that’s exposed to sunlight. They’d suspected it was there previously, but this is the first confirmed proof, and while it isn’t a whole lot of water, it could still change the future of human deep space exploration.

Microsoft partners with SpaceX, unveils ‘Azure Space’

Image Credits: Microsoft

Microsoft looks primed to invest in space-based business in a big way with Azure Space, a new business unit it formed to handle all space-related businesses attached to its cloud data efforts. That includes a new type of deployable mobile datacenter that will be connected in part via SpaceX’s Starlink global broadband network, putting computing power near where it’s needed in a scalable way.

Intel’s local AI processor is now operating in space

Intel has loaded up a small satellite with a power-efficient edge AI processor, its Myriad 2 Vision Processing Unit. That’ll help the satellite do its own on-board classification of images of Earth that it takes, saving key bandwidth for what it transfers back to researchers on the ground. Local AI could help satellite networks in general operate much more efficiently, but it’s still in its infancy as a field.

Lockeed Martin selects Relativity for NASA mission

Image Credits: Relativity Space

Relativity Space has tons of promise in terms of its 3D-printed rockets, but it still hasn’t actually reached the launch stage. It did however secure a key government contract, with Lockheed Martin selecting its rocket for a forthcoming mission to test fluid management systems for NASA.

News: Good and bad board members (and what to do about them)

Ryan Caldbeck, co-founder and former CEO of consumer-brands-focused crowdfunding site CircleUp, recently published an email he’d written to a former director on the board of the company. According to Caldbeck, he wrote the letter after CircleUp had bought out the investor’s firm because he wanted to provide constructive feedback, given that this individual’s “involvement was

Ryan Caldbeck, co-founder and former CEO of consumer-brands-focused crowdfunding site CircleUp, recently published an email he’d written to a former director on the board of the company.

According to Caldbeck, he wrote the letter after CircleUp had bought out the investor’s firm because he wanted to provide constructive feedback, given that this individual’s “involvement was incredibly difficult for all of CircleUp and our board,” as he explained to this person, whose identity was shielded.

The saga begged questions about what happens behind the scenes at startups and about board composition specifically. But Caldbeck’s situation may be more anomalous than not, suggest some veterans of the industry who have common sense advice around how to avoid problematic board members and how to deal with them if they can’t be avoided.

First, and most obviously, get to know a potential board member as well as possible because who winds up as a director with your company can be a “life-changing decision” in both good and terrible ways, says Joel Peterson, a professor at Stanford’s business school, a former chairman of JetBlue Airways and the founding partner of Peterson Partners, a Salt Lake City-based firm that invests directly in startups and has stakes in many venture funds.

Peterson’s advice is to “interview investors just as they’re interviewing you,” including not only to get a sense for whether someone is knowledgeable and shares your same values but also to get a sense for how much time they have for your company. In his view, venture capitalists are “often the worst board members while angel investors are often really good because they really care about the entrepreneur and have a more hands-on connection with them while they’re developing the business.”

News: Freshworks (re-)launches its CRM service

Freshworks, the customer and employee engagement company that offers a range of products, from call center and customer support software to HR tools and marketing automation services, today announced the launch of its newest product: Freshworks CRM. The new service, which the company built on top of its new Freshworks Neo platform, is meant to

Freshworks, the customer and employee engagement company that offers a range of products, from call center and customer support software to HR tools and marketing automation services, today announced the launch of its newest product: Freshworks CRM. The new service, which the company built on top of its new Freshworks Neo platform, is meant to give sales and marketing teams all of the tools they need to get a better view of their customers — with a bit of machine learning thrown in for better predictions.

Freshworks CRM is essentially a rebrand of the company’s Freshsales service, combined with the company’s capabilities of its Freshmarketer marketing automation tool.

“Freshworks CRM unites Freshsales and Freshmarketer capabilities into one solution, which leverages an embedded customer data platform for an unprecedented and 360-degree view of the customer throughout their entire journey,” a company spokesperson told me.

The promise here is that this improved CRM solution is able to provide teams with a more complete view of their (potential) customers thanks to the unified view — and aggregated data — that the company’s Neo platform provides.

The company argues that the majority of CRM users quickly become disillusioned with their CRM service of choice — and the reason for that is because the data is poor. That’s where Freshworks thinks it can make a difference.

Freshworks CRM delivers upon the original promise of CRM: a single solution that combines AI-driven data, insights and intelligence and puts the customer front and center of business goals,” said Prakash Ramamurthy, the company’s chief product officer. “We built Freshworks CRM to harness the power of data and create immediate value, challenging legacy CRM solutions that have failed sales teams with clunky interfaces and incomplete data.”

The idea here is to provide teams with all of their marketing and sales data in a single dashboard and provide AI-assisted insights to them to help drive their decision making, which in turn should lead to a better customer experience — and more sales. The service offers predictive lead scoring and qualification, based on a host of signals users can customize to their needs, as well as Slack and Teams integrations, built-in telephony with call recording to reach out to prospects and more. A lot of these features were already available in Freshsales, too.

“The challenge for online education is the ‘completion rate’. To increase this, we need to understand the ‘Why’ aspect for a student to attend a course and design ‘What’ & ‘How’ to meet the personalized needs of our students so they can achieve their individual goals,” said Mamnoon Hadi Khan, the chief analytics officer at Shaw Academy. “With Freshworks CRM, Shaw Academy can track the entire student customer journey to better engage with them through our dedicated Student Success Managers and leverage AI to personalize their learning experience — meeting their objectives.”

Pricing for Freshworks CRM starts at $29 per user/month and goes up to $125 per user/month for the full enterprise plan with more advanced features.

News: DataFleets keeps private data useful, and useful data private, with federated learning and $4.5M seed

As you may already know, there’s a lot of data out there, and some of it could actually be pretty useful. But privacy and security considerations often put strict limitations on how it can be used or analyzed. DataFleets promises a new approach by which databases can be safely accessed and analyzed without the possibility

As you may already know, there’s a lot of data out there, and some of it could actually be pretty useful. But privacy and security considerations often put strict limitations on how it can be used or analyzed. DataFleets promises a new approach by which databases can be safely accessed and analyzed without the possibility of privacy breaches or abuse — and has raised a $4.5 million seed round to scale it up.

To work with data, you need to have access to it. If you’re a bank, that means transactions and accounts; if you’re a retailer, that means inventories and supply chains, and so on. There are lots of insights and actionable patterns buried in all that data, and it’s the job of data scientists and their ilk to draw them out.

But what if you can’t access the data? After all, there are many industries where it is not advised or even illegal to do so, such as in health care. You can’t exactly take a whole hospital’s medical records, give them to a data analysis firm, and say “sift through that and tell me if there’s anything good.” These, like many other data sets, are too private or sensitive to allow anyone unfettered access. The slightest mistake — let alone abuse — could have serious repercussions.

In recent years a few technologies have emerged that allow for something better, though: analyzing data without ever actually exposing it. It sounds impossible, but there are computational techniques for allowing data to be manipulated without the user ever actually having access to any of it. The most widely used one is called homomorphic encryption, which unfortunately produces an enormous, orders-of-magnitude reduction in efficiency — and big data is all about efficiency.

This is where DataFleets steps in. It hasn’t reinvented homomorphic encryption, but has sort of sidestepped it. It uses an approach called federated learning, where instead of bringing the data to the model, they bring the model to the data.

DataFleets integrates with both sides of a secure gap between a private database and people who want to access that data, acting as a trusted agent to shuttle information between them without ever disclosing a single byte of actual raw data.

Illustration showing how a model can be created without exposing data.

Image Credits: DataFleets

Here’s an example. Say a pharmaceutical company wants to develop a machine learning model that looks at a patient’s history and predicts whether they’ll have side effects with a new drug. A medical research facility’s private database of patient data is the perfect thing to train it. But access is highly restricted.

The pharma company’s analyst creates a machine learning training program and drops it into DataFleets, which contracts with both them and the facility. DataFleets translates the model to its own proprietary runtime and distributes it to the servers where the medical data resides; within that sandboxed environment, it runs grows into a strapping young ML agent, which when finished is translated back into the analyst’s preferred format or platform. The analyst never sees the actual data, but has all the benefits of it.

Screenshot of the DataFleets interface. Look, it’s the applications that are meant to be exciting.

It’s simple enough, right? DataFleets acts as a sort of trusted messenger between the platforms, undertaking the analysis on behalf of others and never retaining or transferring any sensitive data.

Plenty of folks are looking into federated learning; the hard part is building out the infrastructure for a wide-ranging enterprise-level service. You need to cover a huge amount of use cases and accept an enormous variety of languages, platforms, and techniques, and of course do it all totally securely.

“We pride ourselves on enterprise readiness, with policy management, identity access management, and our pending SOC 2 certification,” said DataFleets COO and co-founder Nick Elledge. “You can build anything on top of DataFleets and plug in your own tools, which banks and hospitals will tell you was not true of prior privacy software.”

But once federated learning is set up, all of a sudden the benefits are enormous. For instance, one of the big issues today in combating COVID-19 is that hospitals, health authorities, and other organizations around the world are having difficulty, despite their willingness, in securely sharing data relating to the virus.

Everyone wants to share, but who sends whom what, where is it kept, and under whose authority and liability? With old methods, it’s a confusing mess. With homomorphic encryption it’s useful but slow. With federated learning, theoretically, it’s as easy as toggling someone’s access.

Because the data never leaves its “home,” this approach is essentially anonoymous and thus highly compliant with regulations like HIPAA and GDPR, another big advantage. Elledge notes: “We’re being used by leading healthcare institutions who recognize that HIPAA doesn’t give them enough protection when they are making a data set available for third parties.”

Of course there are less noble, but no less viable, examples in other industries: wireless carriers could make subscriber metadata available without selling out individuals; banks could sell consumer data without violating anyone in particular’s privacy; bulky datasets like video can sit where they are instead of being duplicated and maintained at great expense.

The company’s $4.5M seed round is seemingly evidence of confidence from a variety of investors (as summarized by Elledge): AME Cloud Ventures (Jerry Yang of Yahoo!) and Morado Ventures, Lightspeed Venture Partners, Peterson Ventures, Mark Cuban, LG, Marty Chavez (President of the Board of Overseers of Harvard), Stanford-StartX fund, and three unicorn founders (Rappi, Quora, and Lucid).

With only 11 full time employees DataFleets appears to be doing a lot with very little, and the seed round should enable rapid scaling and maturation of its flagship product. “We’ve had to turn away or postpone new customer demand to focus on our work with our lighthouse customers,” Elledge said. They’ll be hiring engineers in the U.S. and Europe to help launch the planned self-service product next year.

“We’re moving from a data ownership to a data access economy, where information can be useful without transferring ownership,” said Elledge. If his company’s bet is on target, federated learning is likely to be a big part of that going forward.

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