Monthly Archives: October 2020

News: US charges Russian hackers blamed for Ukraine power outages and the NotPetya ransomware attack

Six Russian intelligence officers accused of launching some of the “world’s most destructive malware” — including an attack that took down the Ukraine power grid in December 2015 and the NotPetya global ransomware attack in 2017 — have been charged by the U.S. Justice Department. Prosecutors said the group of hackers, who work for the

Six Russian intelligence officers accused of launching some of the “world’s most destructive malware” — including an attack that took down the Ukraine power grid in December 2015 and the NotPetya global ransomware attack in 2017 — have been charged by the U.S. Justice Department.

Prosecutors said the group of hackers, who work for the Russian GRU, are behind the “most disruptive and destructive series of computer attacks ever attributed to a single group.”

“No country has weaponized its cyber capabilities as maliciously or irresponsibly as Russia, wantonly causing unprecedented damage to pursue small tactical advantages and to satisfy fits of spite,” said John Demers, U.S. assistant attorney general for national security. “Today the department has charged these Russian officers with conducting the most disruptive and destructive series of computer attacks ever attributed to a single group, including unleashing the NotPetya malware. No nation will recapture greatness while behaving in this way.”

The six accused Russian intelligence officers. Image Credits: FBI/supplied

In charges laid out Monday, the hackers are accused of developing and launching attacks using the KillDisk and Industroyer (also known as Crash Override) to target and disrupt the power supply in Ukraine, which left hundreds of thousands of customers without electricity two days before Christmas.

The prosecutors also said the hackers were behind the NotPetya attack, a ransomware attack that spread across the world in 2017, causing billions of dollars in damages.

The hackers are also said to have used Olympic Destroyer, designed to knock out internet connections during the opening ceremony of the 2018 PyeongChang Winter Olympics in South Korea.

Prosecutors also blamed the six hackers for trying to disrupt the 2017 French elections by launching a “hack and leak” operation to discredit the then-presidential frontrunner, Emmanuel Macron, as well as launching targeted spearphishing attacks against the Organization for the Prohibition of Chemical Weapons and the U.K.’s Defense Science and Technology Laboratory, tasked with investigating the use of the Russian nerve agent Novichok in Salisbury, U.K. in 2018, and attacks against targets in Georgia, the former Soviet state.

John Hultquist, senior director of analysis at FireEye’s Mandiant threat intelligence unit, said the charges “reads like a laundry list of many of the most important cyberattack incidents we have ever witnessed.”

The alleged hackers — Yuriy Sergeyevich Andrienko, 32; Sergey Vladimirovich Detistov, 35; Pavel Valeryevich Frolov, 28; Anatoliy Sergeyevich Kovalev, 29; Artem Valeryevich Ochichenko, 27; and Petr Nikolayevich Pliskin, 32 — are all charged with seven counts of conspiracy to hack, commit wire fraud and causing computer damage.

The accused are believed to be in Russia. But the indictment serves as a “name and shame” effort, frequently employed by Justice Department prosecutors in recent years where arrests or extraditions are not likely or possible.

News: Late-stage deals made Q3 2020 a standout VC quarter for US-based startups

Remember back in March when the VC game was done for the year, checkbooks were snapping shut and startup layoffs led the headlines? So much for all that. Q3’s venture capital numbers are in and they are anything but weak. In retrospect, the Q2 VC slowdown looks more like a short-lived recharge ahead of a

Remember back in March when the VC game was done for the year, checkbooks were snapping shut and startup layoffs led the headlines? So much for all that. Q3’s venture capital numbers are in and they are anything but weak.

In retrospect, the Q2 VC slowdown looks more like a short-lived recharge ahead of a big push in Q3 than anything existential. We can see this today through the lens of data concerning what happened after June concluded and we moved into Q3.

According to data from PitchBook (data source) and CBInsights (data source), there was a lot to like about the third quarter if you were a U.S.-based startup.


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I want to dig into the data and pull out most important data points for you. We’ll get you informed and out the door in around 900 words.

If you want a more global look at the venture capital world in Q3, don’t worry. We’re doing that tomorrow right here at The Exchange. Ready? This should be both fun and informative. Let’s go!

A massive third quarter

To get a clear look at the U.S. venture capital market, we’ll start from the top down. So, the biggest numbers first, followed by increasingly narrow slices of data so we can drill down into smaller startups.

First, the top-line numbers:

  • How much money was raised by U.S.-based startups in Q3 2020? $36.5 billion, according to CBInsights, $37.8 billion according to PitchBook. Those numbers are effectively the same for purposes. CBInsights calls the number a seven-quarter high, up 22% from the Q3 2019 number and 30% from the Q2 2020 result. PitchBook agrees that Q3 2020 was strong, but has its count just under Q2 2020’s own.
  • How many deals was that money spread between? CBInsights counts 1,461 VC deals in Q3 2020 for U.S.-based startups. Per its numbers, that figure is up 1% from Q2 2020 and down 11% from Q3 2019. PitchBook, in contrast, counts 2,990 total deals, inclusive of rounds that it expects to be added as information about the quarter fills in. That tally “held steady” compared to Q3 2019, per the company.

What to make of all this information? Simple: Q3 2020 U.S.-based startup venture capital dollar volume was very strong, with deal counts coming in slightly weaker.

This means that we saw fewer, larger deals in the quarter on average, right? Let’s see:

News: Raspberry Pi Foundation launches Compute Module 4 for industrial users

The Raspberry Pi Foundation is launching a new product today — the Compute Module 4. If you’ve been keeping an eye on the Raspberry Pi releases, you know that the flagship Raspberry Pi 4 was released in June 2019. The Compute Module 4 features the same processor, but packed in a compute module for industrial

The Raspberry Pi Foundation is launching a new product today — the Compute Module 4. If you’ve been keeping an eye on the Raspberry Pi releases, you know that the flagship Raspberry Pi 4 was released in June 2019. The Compute Module 4 features the same processor, but packed in a compute module for industrial use cases.

A traditional Raspberry Pi is a single-board computer with a ton of ports sticking out. Compute Modules are somewhat different. Those system-on-module variants are more compact single-board computers without any traditional port.

It lets you create a prototype using a traditional Raspberry Pi, and then order a bunch of Compute Modules to embed in your commercial products. “Over half of the seven million Raspberry Pi units we sell each year go into industrial and commercial applications, from digital signage to thin clients to process automation,” Eben Upton wrote on the Raspberry Pi blog.

Some things are strictly similar between the Raspberry Pi 4 and the Compute Module 4, such as the 64-bit ARM-based processor with VideoCore VI graphics. This is going to represent a huge upgrade for previous Compute Module customers.

In particular, you get much better video performance with 4Kp60 hardware decode for H.265 videos, 1080p60 hardware decode for H.264 videos, 1080p30 hardware encode of H.264 videos. You can also take advantage of the dual HDMI interfaces to connect up to two 4K displays at 60 frames per second.

Another big change with the Compute Module 4 is that there are a ton of options. You can choose compute modules with or without wireless technologies (Wi-Fi and Bluetooth), with 1GB, 2GB, 4GB or 8GB of RAM, with 8GB, 16GB or 32GB of eMMC flash storage. There’s also a model without any eMMC flash storage in case you want to use external eMMC or the SD card interface.

You can mix-and-match those specs to keep your costs down at scale. The result is that there are 32 different versions of the Compute Module 4 ranging from $25 (no wireless, 1GB of RAM, ‘Lite’ eMMC) to $90 (wireless, 8GB of RAM, 32GB of eMMC).

The form factor has changed compared to the previous Compute Module, which means that you’ll need a new Compute Module IO Board to take advantage of all the interfaces and start developing. It costs $35.

Image Credits: Raspberry Pi Foundation

News: Stitcher’s podcasts arrive on Pandora with acquisition’s completion

SiriusXM today completed its previously announced $325 million acquisition of podcast platform Stitcher from E.W. Scripps, and has now launched Stitcher’s podcasts on Pandora across all tiers of the streaming service. The deal brings top Stitcher titles to Pandora, including Freakonomics Radio, My Favorite Murder, SuperSoul Conversations from the Oprah Winfrey Network, Office Ladies, Conan

SiriusXM today completed its previously announced $325 million acquisition of podcast platform Stitcher from E.W. Scripps, and has now launched Stitcher’s podcasts on Pandora across all tiers of the streaming service. The deal brings top Stitcher titles to Pandora, including Freakonomics Radio, My Favorite Murder, SuperSoul Conversations from the Oprah Winfrey Network, Office Ladies, Conan O’Brien Needs a Friend, Literally! with Rob Lowe, LeVar Burton Reads, and WTF with Marc Maron, among others.

On Pandora, the podcasts will be indexed using the company’s proprietary Podcast Genome Project technology. This system leverages  automated technology — like natural language processing, collaborative filtering, and other machine learning approaches — then combines that with human curation to make personalized recommendations to podcast listeners on Pandora’s app.

The podcasts will also continue to be available in the Stitcher app in North America, the company says.

The Stitcher acquisition brought with it several key assets, including its own mobile listening app, which includes a premium tier of exclusives, and the Midroll Media network for podcast advertising. Stitcher also creates its own original programs and runs multiple content networks, via Earwolf.

That means SirusXM gained thousands of top podcasts with the deal’s closure. The company also now claims it has the “largest addressable audience in North America” across all categories of digital audio, including music, sports, talk, and podcasts thanks to the combination of satellite radio service SiriusXM, streaming app Pandora, and now Stitcher.

The company believes the deal will help it to attract more creators to its platform, thanks to the enhanced production, marketing, and distribution capabilities it offers, following the deal’s close. Advertisers, meanwhile, will be able to more precisely target podcasts for better ad efficiency, and will gain access to improved measurements, says SiriusXM.

In terms of Stitcher’s execs, CEO Erik Diehn will now report to Scott Greenstein, President and Chief Content Officer of SiriusXM, who also oversees content at Pandora. Stitcher’s Chief Revenue Officer, Sarah van Mosel, will report directly to John Trimble, Chief Advertising Revenue Officer of SiriusXM.

“We are deepening our position in podcasting, the fastest-growing sector in digital audio, and with completion of this transaction, our vision is taking shape,” said SiriusXM CEO Jim Meyer, in a statement about the deal’s completion. “With Stitcher and its varied assets, we are now a one-stop shop able to meet the needs of podcast creators, publishers and advertisers, while also providing listeners with access to great shows, series and programming.”

Despite the coronavirus pandemic, which disrupted many consumer trends and accelerated others, podcasting still remains one of the fast-growing digital audio industries. Podcast downloads returned to pre-COVID levels this summer, and Spotify reported that podcast consumption more doubled in Q2 and nearly a quarter (21%) of its active users now listen to podcasts.

Stitcher was not SiriusXM’s first acquisition focused on podcasts or ad technologies. It also bought podcast management platform Simplecast this June, and before that, it acquired AdsWizz for $66.3 million to power Pandora’s advertising efforts.

News: EU switches on cross-border interoperability for first batch of COVID-19 contacts tracing apps

The European Union has switched on cross-border interoperability for a first batch of COVID-19 contacts tracing apps that use Bluetooth proximity to calculate the exposure risk of smartphone users after a pilot of the system last month. National apps whose backends are now linked through the gateway service are Germany’s Corona-Warn-App, the Republic of Ireland’s

The European Union has switched on cross-border interoperability for a first batch of COVID-19 contacts tracing apps that use Bluetooth proximity to calculate the exposure risk of smartphone users after a pilot of the system last month.

National apps whose backends are now linked through the gateway service are Germany’s Corona-Warn-App, the Republic of Ireland’s COVID tracker, and Italy’s immuni app.

This means a user of one of those apps who travels to any of the other countries can expect their national app to send relevant exposure notifications in the same way it should if they had not travelled — without the need to download any additional software.

Collectively, the three national COVID-19 apps have been downloaded by around 30 million people which the EU said corresponds to two-thirds of such downloads in the region.

Image credit: EU Publications Office

Other national apps are expected to gain interoperability as they are added to the service in the coming weeks — with at least 18 more compatible national apps identified at this stage.

A second batch of national apps is expected to be added next week after a period of testing — namely: Czechia’s eRouška, Denmark’s smitte stop, Latvia’s Apturi COVID and Spain’s Radar Covid (although the latter still doesn’t have full coverage in Spain with the Catalonia region yet to integrate it with its regional healthcare system). Further compatible apps are slated to be added in November.

The gateway has been designed to work, in the first instance, with official coronavirus apps that have a decentralized architecture — meaning any that use a centalized architecture, such as France’s StopCovid app, aren’t currently compatible.

The UK’s collection of apps, meanwhile — for England & Wales, Scotland and Northern Ireland — are unlikely to get plugged in, despite having a technically compatible app architecture, as the country is due to exit the trading bloc at the end of this year. (So interoperability would require a separate agreement between the UK and the EU.)

“About two third of EU Member States have developed compatible tracing and warning apps, and the gateway is open to all of them, once they are ready to connect. The connection will gradually take place during October and November, however apps can also connect at a later stage if national authorities wish so. An ‘onboarding protocol’ has been developed, setting out the necessary steps,” the Commission notes in an Q&A.

The cross-border system for the EU’s apps works via the use of a gateway server, developed and set up by T-Systems and SAP and operated from the Commission’s data centre in Luxembourg, which receives and passes on arbitrary identifiers between national apps.

“No other information than arbitrary keys, generated by the apps, will be handled by the gateway,” the EU notes in a press release. “The information is pseudonymised, encrypted, kept to the minimium, and only stored as long as necessary to trace back infections. It does not allow the identification of individual persons, nor to track location or movement of devices.”

Getting a cross-border system up and running so swiftly across a patchwork of national COVID-19 apps is an achievement for the EU, even as there are ongoing questions about the utility of Bluetooth-based coronavirus exposure notifications in the fight against the spread of the novel coronavirus — with much of Europe now experiencing a second wave of the pandemic.

However EU commissioners suggested today that such apps can be a useful complement to other measures, such as manual contact tracing.

Commenting in a statement, StellaKyriakides, EU commissioner for health and food safety, said: “Coronavirus tracing and warning apps can effectively complement other measures like increased testing and manual contact tracing. With cases on the rise again, they can play an important role to help us break the transmission chains. When working across borders these apps are even more powerful tools. Our gateway system going live today is an important step in our work, and I would call on citizens to make use of such apps, to help protecting each other.”

“Free movement is an integral part of the Single Market — the gateway is facilitating this while helping save lives,” added Thierry Breton, commissioner for the internal market.

News: Are VCs cutting checks in the closing days of the 2020 election?

Before the 2016 election, Vice Ventures founder and general partner Catharine Dockery was bullish about the future of recreational cannabis in the United States. “We saw quite a bit more optimism around national legalization, with the feeling that a wave of states legalizing recreational use would be the final push needed” to see drug reform,

Before the 2016 election, Vice Ventures founder and general partner Catharine Dockery was bullish about the future of recreational cannabis in the United States.

“We saw quite a bit more optimism around national legalization, with the feeling that a wave of states legalizing recreational use would be the final push needed” to see drug reform, she said. It was good news for Dockery, who was planning to launch a firm investing in categories like cannabis, CBD, psychedelics and sextech.

She announced a $25 million fund in June 2019, but the national policy landscape had shifted considerably.

“The vitriol and division around the election really haven’t left room for substantive discussions. I think this will eventually change, but don’t have high hopes for much policy debate until the election is complete, if at all,” she said. “In a time of uncertainty, we’re taking a small step back.”

Along with many VC firms, Vice Ventures has raised the bar regarding which startups it will fund, but several investors told TechCrunch they were split about how they’re making decisions in the closing days of the presidential campaign. After a booming summer, some said momentum is increasing, while others told us that expectations have never been higher for startups.

“If anything, the pace is increasing,” said Alexa Von Tobel of Inspired Capital. Traditionally, she said founders scale back on fundraising efforts close to the winter holidays because investors’ vacation mentality is kicking in. This year, “I think we’ll continue to see founders taking advantage of the ample flow of capital right now and shore up resources so they can enter 2021 on strong footing,” she said.

While that may be good news for founders, Von Tobel said Inspired Capital is not giving too much weight to the election internally.

“We think of ourselves as patient capital, focused on looking for the best companies no matter the timing,” she said. “While we know the election will create noise and have an impact on businesses long-term, it does not have a place in our process right now.”

Inspired Capital invests more broadly in the early-stage environment, which plays a part in its ability to invest through crises and turbulence. It seems that firms that have more niche investment theses have been more likely to change their pace ahead of the election.

News: The OpenStack Foundation becomes the Open Infrastructure Foundation

This has been a long time coming, but the OpenStack foundation today announced that it is changing its name to ‘Open Infrastructure Foundation,” starting in 2021. The announcement, which the foundation made at its virtual developer conference, doesn’t exactly come as a surprise. Over the course of the last few years, the organization started adding

This has been a long time coming, but the OpenStack foundation today announced that it is changing its name to ‘Open Infrastructure Foundation,” starting in 2021.

The announcement, which the foundation made at its virtual developer conference, doesn’t exactly come as a surprise. Over the course of the last few years, the organization started adding new projects that went well beyond the core OpenStack project and renamed its conference to the ‘Open Infrastructure Summit.’ The organization actually filed for the ‘Open Infrastructure Foundation’ trademark back in April.

Image Credits: OpenStack Foundation

After years of hype, the open-source OpenStack project hit a bit of a wall in 2016, as the market started to consolidate. The project itself, which helps enterprises run their private cloud, found its niche in the telecom space, though, and continues to thrive as one of the world’s most active open-source projects. Indeed, I regularly hear from OpenStack vendors that they are now seeing record sales numbers — despite the lack of hype. With the project being stable, though, the Foundation started casting a wider net and added additional projects like the popular Kata Containers runtime and CI/CD platform Zuul.

“We are officially transitioning and becoming the Open Infrastructure Foundation,” long-term OpenStack Foundation executive president Jonathan Bryce told me. “That is something that I think is an awesome step that’s built on the success that our community has spawned both within projects like OpenStack, but also as a movement […], which is [about] how do you give people choice and control as they build out digital infrastructure? And that is, I think, an awesome mission to have. And that’s what we are recognizing and acknowledging and setting up for another decade of doing that together with our great community.”

In many ways, it’s been more of a surprise that the organization waited as long as it did. As the foundation’s COO Mark Collier told me, the team waited because it wanted to sure that it did this right.

“We really just wanted to make sure that all the stuff we learned when we were building the OpenStack community and with the community — that started with a simple idea of ‘open source should be part of cloud, for infrastructure.’ That idea has just spawned so much more open source than we could have imagined. Of course, OpenStack itself has gotten bigger and more diverse than we could have imagined,” Collier said.

As part of today’s announcement, the group is also adding four new members at Platinum tier, its highest membership level: Ant Group, the Alibaba affiliate behind Alipay, embedded systems specialist Wind River, China’s Fiberhome (which was previously a Gold member) and Facebook Connectivity. To become a Platinum member, companies have to contribute $350,000 per year to the foundation and must have at least 2 full-time employees contributing to its projects.

“If you look at those companies that we have as Platinum members, it’s a pretty broad set of organizations,” Bryce noted. “AT&T, the largest carrier in the world. And then you also have a company Ant, who’s the largest payment processor in the world and a massive financial services company overall — over to Ericsson, that does telco, Wind River, that does defense and manufacturing. And I think that speaks to that everybody needs infrastructure. If we build a community — and we successfully structure these communities to write software with a goal of getting all of that software out into production, I think that creates so much value for so many people: for an ecosystem of vendors and for a great group of users and a lot of developers love working in open source because we work with smart people from all over the world.”

The OpenStack Foundation’s existing members are also on board and Bryce and Collier hinted at several new members who will join soon but didn’t quite get everything in place for today’s announcement.

We can probably expect the new foundation to start adding new projects next year, but it’s worth noting that the OpenStack project continues apace. The latest of the project’s bi-annual releases, dubbed ‘Victoria,’ launched last week, with additional Kubernetes integrations, improved support for various accelerators and more. Nothing will really change for the project now that the foundation is changing its name — though it may end up benefitting from a reenergized and more diverse community that will build out projects at its periphery.

News: AMC offers private theater rentals starting at $99, as cinemas continue to struggle

Like countless other sectors of the entertainment industry, movie theaters have been devastated by a global pandemic with seemingly no end in sight. Initial closings stretched on for months, as distributors have delayed their biggest films, or simply cut out the middle man by skipping straight to video-on-demand services. Even as theaters have begun to

Like countless other sectors of the entertainment industry, movie theaters have been devastated by a global pandemic with seemingly no end in sight. Initial closings stretched on for months, as distributors have delayed their biggest films, or simply cut out the middle man by skipping straight to video-on-demand services.

Even as theaters have begun to reopen in some states, actually getting moviegoers back in seats is far easier said than done as fears over catching the highly contagious virus persist. From pop-up drive-ins to popcorn delivery services, some clever individuals have looked toward ways to stay afloat during a prolonged lockdown. A number of locations have also begun offering private theater rentals — a transitional approach that offers movie fans an opportunity to return to the movie-going experience without being surrounded by strangers.

As CNN notes, mega-chain AMC has begun to offer the option through its site, with prices for renting out a theater starting at a surprisingly reasonable $99 (though not in New York, Alaska and Hawaii). Split among ten friends, and you’re already paying less than a normal movie ticket.

Attendees can invite as many as 20 people to a screening, which consists of classic titles like Jurassic Park and Halloween-centric fare like The Nightmare Before Christmas. Prices go up from there. New titles like Tenet and The New Mutants, cost up to $349 for a single screening. The former, helmed by blockbuster director Christopher Nolan, was set to be a kind of litmus test for moviegoers’ willingness to return to theaters.

After months of delays, however, Warner Bros. took the relatively rare step of releasing the film internationally first, as the U.S. has continued to struggle with the spread of COVID-19. The United States on-going struggles have also recently allowed China to overtake the country as the world’s largest box office. Over the summer, AMC noted that it had “substantial doubt” it would be able to withstand the pandemic.

News: Apple launches a U.S.-only music video station, Apple Music TV

Apple is expanding its investment in music with today’s launch of “Apple Music TV.” The new music video station offers a free, 24-hour livestream of popular music videos and other music content, including, exclusive video premieres, curated music video blocks, live shows, fan events, chart countdowns and guest appearances. The service doesn’t have its own

Apple is expanding its investment in music with today’s launch of “Apple Music TV.” The new music video station offers a free, 24-hour livestream of popular music videos and other music content, including, exclusive video premieres, curated music video blocks, live shows, fan events, chart countdowns and guest appearances.

The service doesn’t have its own dedicated app, but is instead offered as a new feature within two of Apple’s existing entertainment apps. At launch, you can watch Apple Music TV from within the Browse tab of either the Apple Music app or the Apple TV app. (Accessible via apple.co/AppleMusicTV).

While Apple Music is a paid subscription service, Apple Music TV will be free to users in the U.S., the company says.

To kick off its launch, Apple Music TV today began with a countdown of the top 100 most-streamed songs ever across all of Apple Music, based on U.S. data.,

During brief tests of the new service, we found it to be a fairly basic (if uncensored) experience. The video stream only offered artist and song details at the beginning, instead of as the music played. It also didn’t take advantage of the integration with Apple Music to offer additional features to paying subscribers — like being able to favorite the song or add it to a playlist, for instance.

The stream would stop when the Apple Music app was closed, as it didn’t support background play.

Image Credits: Apple

There also weren’t any on-screen tools to share what you were watching via a social media post. You had to dig to find the “share” button under the three-dot, “more” menu. This would give you a link to tweet, but wouldn’t pre-fill it with text or hashtags, like the artist name or song.

While listening, you could stop the livestream and then return after a short pause. But after a bit, the stream would disconnect and the thumbnail of the paused music video reverts to the placeholder Apple Music TV image. When live, the text and icons will be shown in red. They revert to white when you’ve disconnected, as a visual cue.

Despite its simplicity, Apple Music TV gives Apple an immediate new home for its music-related original content, which over the years has included exclusive interviews, concert films, and more. It also provides Apple with another advantage with it goes to negotiate with artists for their premieres, as it introduces additional platform for reaching an artist’s fans — not only with the premiere itself, but by offering artists blocks of airtime leading up to their next debut that they can use to promote their releases.

The new station can also leverage content produced for the Apple Music 1 (formerly Beats 1) radio station, as it goes about running these promotions.

For example, on Thursday, October 22, Apple Music TV will promote the upcoming release of Bruce Springsteen’s “Letter to You” with music video blocks featuring his greatest videos, plus as exclusive interview with Zane Lowe, and a special livestream fan event.

Fridays, meanwhile, will focus on new music. This Friday, October 23, at 9 AM PT Apple Music TV will showcase two new exclusive video premieres – Joji’s “777” and SAINt JHN’s “Gorgeous.”

Apple Music TV’s biggest advantage, of course, is the fact that it’s freely accessible to millions of Apple device owners.

But it may struggle for traction as it lacks the features that make other livestream fan events or premieres engaging — like group chats or direct interactions with creators.

Instead, it’s more like a traditional TV broadcast — even MTV-like — compared with other online destinations where artists today connect with fans and promote their albums, like YouTube, VEVO, or more recently, Facebook, which just this year launched music videos.

Apple didn’t say if it planned to expand the new station outside the U.S.

News: Pimloc gets $1.8M for its AI-based visual search and redaction tool

UK-based Pimloc has closed a £1.4 million (~$1.8M) seed funding round led by Amadeus Capital Partners. Existing investor Speedinvest and other unnamed shareholders also participated in the round. The 2016-founded computer vision startup launched a AI -powered photo classifier service called Pholio in 2017 — pitching the service as a way for smartphone users to reclaim

UK-based Pimloc has closed a £1.4 million (~$1.8M) seed funding round led by Amadeus Capital Partners. Existing investor Speedinvest and other unnamed shareholders also participated in the round.

The 2016-founded computer vision startup launched a AI -powered photo classifier service called Pholio in 2017 — pitching the service as a way for smartphone users to reclaim agency over their digital memories without having to hand their data over to cloud giants like Google.

It has since pivoted to position Pholio as a “specialist search and discovery platform” for large image and video collections and live streams (such as those owned by art galleries or broadcasters) — and also launched a second tool powered by its deep learning platform. This product, Secure Redact, offers privacy-focused content moderation tools — enabling its users to find and redact personal data in visual content.

An example use-case it gives is for law enforcement to anonymize bodycam footage so it can be repurposed for training videos or prepared for submitting as evidence.

Pimloc has been working with diverse image and video content for several years supporting businesses with a host of classification, moderation and data protection challenges (image libraries, art galleries, broadcasters and CCTV providers),” CEO Simon Randall tells TechCrunch.

“Through our work on the visual privacy side we identified a critical gap in the market for services that allow businesses and governments to manage visual data protection at scale on security footage. Pimloc has worked in this area for a couple of years building capability and product, as a result Pimloc has now focussed the business solely around this mission.”

Secure Redact has two components: A first (automated) step that detects personal data (e.g. faces, heads, bodies) within video content. On top of that is what Randall calls a layer of “intelligent tools” — letting users quickly review and edit results.

“All detections and tracks are auditable and editable by users prior to accepting and redacting,” he explains, adding: “Personal data extends wider than just faces into other objects and scene content including ID cards, tattoos, phone screens (body worn cameras have a habit of picking up messages on the wearer’s phone screen as they are typing, or sensitive notes on their laptop or notebook).”

One specific user of redaction the tool he mentions is the University of Bristol. There a research group, led by Dr Dima Damen, an associate professor in computer vision, is participating in an international consortium of 12 universities which is aiming to amass the largest dataset on egocentric vision — and needs to be able to anonymise the video data set before making it available for academic/open source use.

On the legal side, Randall says Pimloc offers a range of data processing models — thereby catering to differences in how/where data can be processed. “Some customers are happy for Pimloc to act as data processor and use the Secure Redact SaaS solution — they manage their account, they upload footage, and can review/edit/update detections prior to redaction and usage. Some customers run the Secure Redact system on their servers where they are both data controller and processor,” he notes.

“We have over 100 users signed up for the SaaS service covering mobility, entertainment, insurance, health and security. We are also in the process of setting up a host of on-premise implementations,” he adds.

Asked which sectors Pimloc sees driving the most growth for its platform in the coming years, he lists the following: smart cities/mobility platforms (with safety/analytics demand coming from the likes of councils, retailers, AVs); the insurance industry, which he notes is “capturing and using an increasing amount of visual data for claims and risk monitoring” and thus “looking at responsible systems for data management and processing”; video/telehealth, with traditional consultations moving into video and driving demand for visual diagnosis; and law enforcement, where security goals need to be supported by “visual privacy designed in by default” (at least where forces are subject to European data protection law).

On the competitive front, he notes that startups are increasingly focusing on specialist application areas for AI — arguing they have an opportunity to build compelling end-to-end propositions which are harder for larger tech companies to focus on.

For Pimlock specifically he argues it has an edge in its particular security-focused niche — given “deep expertise” and specific domain experience.

“There are low barriers to entry to create a low quality product but very high technical barriers to create a service that is good enough to use at scale with real ‘in the wild’ footage,” he argues, adding: The generalist services of the larger tech players do not match-up with domain specific provisions of Pimloc/Secure Redact. Video security footage is a difficult domain for AI, systems trained on lifestyle/celebrity or other general data sets perform poorly on real security footage.”

Commenting on the seed funding in a statement, Alex van Someren, MD of Amadeus Capital Partners, said: “There is a critical need for privacy by design and large-scale solutions, as video grows as a data source for mobility, insurance, commerce and smart cities, while our reliance on video for remote working increases. We are very excited about the potential of Pimloc’s products to meet this challenge.”

“Consumers around the world are rightfully concerned with how enterprises are handling the growing volume of visual data being captured 24/7. We believe Pimloc has developed an industry leading approach to visual security and privacy that will allow businesses and governments to manage the usage of visual data whilst protecting consumers. We are excited to support their vision as they expand into the wider Enterprise and SaaS markets,” added Rick Hao, principal at Speedinvest, in another supporting statement.

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