Yearly Archives: 2021

News: EV charging solutions will become an asset, not a liability, to the grid

Although wireless charging is still relatively new to the market, the benefits are beginning to become glaringly self-evident.

Oren Ezer
Contributor

Oren Ezer is CEO and co-founder of ElectReon, a shared energy platform that provides wireless charging for electric vehicles.

President Joe Biden’s plan for electric vehicles (EVs) to comprise roughly half of U.S. sales by 2030 is a clear indication that the U.S. is making strides in decarbonizing its transportation systems, which currently account for nearly half of total U.S. emissions.

Though this kind of federal support is critical in accelerating the mass adoption of EVs, we must face the impending need to rehabilitate the ailing U.S. electric infrastructure that millions currently rely on, namely the capabilities of the power grid.

As society converts to an all-electric future and demand rises for EVs, a challenge our modern world will face is how to charge the increasing number of vehicles without overstressing the grid past its capacity. While some predict EVs will overload the power grid, others have found methods that support our energy infrastructure, including solutions such as wireless charging, vehicle-to-grid (V2G) integration or more efficient methods of utilizing renewable energy sources, to name a few.

Amid warranted concerns about the unstable grid, there is an urgent need to find solutions that can reinforce this critical infrastructure to avoid pushing the grid to its limits.

The current challenges facing the grid

According to the recent IPCC climate change report, extreme heat waves that previously only struck once every 50 years are now expected to happen once per decade or more frequently due to global warming and anthropogenic emissions. While this has already been seen in this past year through record-breaking heat waves and extreme fires in the Pacific Northwest, utilities, operators and industry experts continue to express concern about whether current energy systems will be able to withstand increasing temperatures from climate change.

And it’s not just heat: In February, a cold snap in Texas crippled energy infrastructure and left millions without power. These numbers will only continue to increase as temperatures rise and the grid overworks itself to meet electricity needs.

In addition to fluctuating temperatures impacting the grid, many are also concerned about its ability to support the increasing number of EVs expected to hit the market in the coming years. With reports indicating that transportation electrification will likely require a doubling of U.S. generation capacity by 2050, there is a need for flexible EV charging options that can increase flexibility and load times during peak charging hours. However, as it currently stands, the U.S. power grid is only capable of supporting 24 million EVs until 2028 一 well under the required number of EVs needed to successfully curb road transport emissions.

Despite these challenges, one thing that industry experts have pointed out is that EVs have the potential to play a massive role in managing demand as well as aid in stabilizing the grid when necessary. However, as EVs are more widely adopted across the U.S., utilities need to ask themselves critical questions such as when people will likely charge their vehicles, how many users are charging their vehicles and when, what types of chargers are in use, and what types of vehicles are charging (such as passenger vehicles or medium- to heavy-duty fleets) to determine the additional demand for electricity and how they must upgrade their grids.

EV charging solutions will become an asset, not a liability

With long lead times for grid infrastructure upgrades paired with an increasing number of individuals and companies looking to electrify their vehicles, municipalities across the U.S. are desperately searching for methods to implement the necessary charging infrastructure to stay ahead of the rising EV tide while simultaneously ensuring the grid’s stability. However, a recent analysis by the ICCT estimates that with the current number of U.S. EV chargers at 216,000, the country will need 2.4 million public and workplace chargers by 2030 if it wants to meet its goals.

To address this concerning lack of charging infrastructure, cities have begun to explore charging options outside of the traditional, stationary station to not only speed up the adoption of the necessary charging infrastructure, but to protect the grid as well. One of these options is dynamic charging, otherwise known as wireless or in-motion charging.

On one hand, some argue wireless electric vehicle charging will pose an additional strain on existing grid infrastructure by increasing demand variability due to fragmented charging duration caused by charging lane layouts and traffic. On the other hand, many argue that wireless charging actually decreases the demand on the power grid due to the fact that energy demand is spread over time and space throughout the day, rather than being confined to stationary chargers’ charging period between 2 p.m. and 7 p.m., which enables a reduction in required grid connections and upgrades.

Additionally, wireless charging can be deployed in locations where conductive (plug-in) charging solutions cannot — such as roads, directly under commercial facility loading docks, at exit and entry points to facilities, under taxi queues, at bus stations and terminals, etc., which means that wireless technology can charge EVs at regular intervals throughout the day with “top-up” charging.

This method also enables more efficient utilization of renewable solar energy, produced and utilized predominantly during daylight hours, meaning limited additional energy storage devices are required, unlike conductive EV charging stations, which can typically only be used in the evening and nighttime hours and require energy storage.

These benefits indicate that cities and utilities alike can capitalize on efficient energy utilization strategies such as wireless charging to spread energy demand over time and space — adding additional flexibility and protection to the grid. While this method can and should be applied to passenger EVs, using it to power medium- to heavy-duty fleet vehicles will allow for a much faster transition to electric in these challenging-to-electrify fleet segments.

Can wireless charging assist the grid in supporting widespread adoption of EVs?

While passenger EVs pose challenges of their own to the grid, large-scale fleet charging will be a monumental task if utilities don’t get ahead of the transition. Wireless charging offers a cost-effective solution to operators looking to transition to meet carbon reduction goals, with projected numbers of electric commercial and passenger fleets making up 10%-15% of all fleet vehicles by 2030. Let’s take a closer look at an example comparison between plugging in large vehicles versus wireless charging and the impact both have on the grid:

  • Conductive (plug-in): 100 e-buses with 240 kWh batteries using overnight conductive charging at a bus depot requires a minimum grid connection of 6 megawatts (MW) because the entire fleet charges at the end of daily operations, typically simultaneously.
  • Inductive (wireless): 100 e-buses using wireless charging stationary charging technology at bus terminals, garages and stations located inside city centers enable the buses to be “topped-up” throughout the day at natural breaks in their operations. This charging strategy enables both massive battery capacity reduction (the exact amount depends on the fleet and vehicle energy requirements) and, because the bus fleet charging is spread throughout the day, the required grid connection(s) can be reduced by 66% to just 2 MW.

Wireless electric roads accompanied by solar panel fences adjacent to the road may be the ultimate solution for decentralizing power generation and eliminating stress on the grid. According to industry calculations, approximately 0.6 miles of this electric fence solution could provide between 1.3-3.3 MW of power. This combination of solar generation coupled with wireless charging infrastructure embedded into the road can support anywhere between 1,300 to 3,300 buses per day independent of power grid supply (assuming an average speed of 50 mph and accounting for seasonal variations in solar radiation).

Furthermore, because wireless electric roads are a shared platform for all EVs, this same road would also charge trucks, vans and passenger vehicles without placing additional pressures on the grid.

Innovative charging methods will play a critical role in modernizing and adapting our power grid

Although wireless charging is still relatively new to the market, the benefits are beginning to become glaringly self-evident. Amid increasing concerns about outdated grid infrastructure in the face of widespread transport electrification efforts, rising temperatures and extreme weather conditions, innovative charging methods can provide an optimal solution.

From distributing EV charging throughout the day to avoid overloads to being able to support the energy capacity needs of both passenger vehicles and large fleets simultaneously, technologies such as wireless charging will become critical resources in adapting to an all-electric decarbonized future.

News: Flipboard rolls out newsfeed personalization tools to save you from doomscrolling

Facebook is preparing to adjust its News Feed to de-emphasize political posts and current events, but news reader Flipboard is instead rolling out an update that puts users in control of their own feeds. The company announced this morning the launch of a new controller on the cover of its own main newsfeed, aka the

Facebook is preparing to adjust its News Feed to de-emphasize political posts and current events, but news reader Flipboard is instead rolling out an update that puts users in control of their own feeds. The company announced this morning the launch of a new controller on the cover of its own main newsfeed, aka the “For You” feed, which now allows users to select new topics to follow and deselect those they no longer want to hear about. The feature, which Flipboard dubs “an antidote to doomscrolling,” allows users to customize their For You feed to deliver a wider selection stories related to their various interests, instead of focusing their home page on breaking news and politics.

Given today’s current events — a pandemic that’s dragging on, climate change-induced wildfires and major storms, the fall of Afghanistan, and other disasters — it’s no wonder why people want to take a break from the daily news. But for Flipboard, that trend could mean reduced use of its news-reading app, as well.

But while Flipboard notes that millions do use its app to keep up with breaking stories and politics, a majority of its user base also spends their time engaging with other topics — like travel, food, photography, fitness, and parenting.

By introducing tools that allow users to customize their own feeds, the company believes users will not only see improved mental health, but will also spend a longer time in the Flipboard app. Already, this appears to be true, based on other recent changes Flipboard has made.

The company recently introduced topic personalization features, which allowed users to zero in on more niche interests — think, not just cooking but keto cooking; not just health, but mindfulness and sleep, for example. Users who customized their preferences spent between 9 and 12 minutes per day reading stories about these topics, on average, Flipboard found.

With the launch of For You newsfeed controls, Flipboard wants to bring a similar level of customization and control to users’ own homepages.

The company said the feature also addresses the number one request from users — they’ve been asking to have more control over the content selection in their For You feed.

To use the feature, you’ll look for the new filter toggles at the top of the main page. After tapping the icon, you’ll be launched into a window where you can tap and untap a range of topics. You can also use the search bar to discover other interests that may not be listed. When you’re finished customizing, you’ll just tap “Save” to exit back to your newly customized For You feed.

Flipboard hopes its customization capabilities will help it to stand out from other news reading experiences — whether that’s browsing news inside social media feeds or even in dedicated news reading apps.

“This level of content control is unique to Flipboard; just think about how hard it is to adjust your feed on any other platform,” noted Flipboard CEO Mike McCue, when introducing the update.  “A highly personalized feed empowers people to focus on the things that matter to them, without being distracted by doomscrolling, misinformation or browsing through other people’s lives. We build a platform that lets people take control of their media consumption rather than letting it control them,” he added.

News: Borzo, a delivery startup which focuses on emerging economies, raises $35M

If you’re in India, the Philippines, Russia, or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. Founded in Russia, the startup initially figured out a way to appeal to gig economy workers in countries such as

If you’re in India, the Philippines, Russia, or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. Founded in Russia, the startup initially figured out a way to appeal to gig economy workers in countries such as the ones above by creating a game where players would be asked to deliver virtual items, before pivoting to the real thing. That left-of-field thinking has seen it expand to countries not typically touched by the bigger delivery startups.

Now the Amsterdam HQ-d startup is rebranding as “Borzo” to bring its operation in 10 different countries under one. At the same time, it’s raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Also participating were VNV Global, RDIF, Flashpoint Venture Capital, and others.

The demand for affordable, same-day delivery of goods was obviously accelerated by the pandemic, and no less so in developing countries as well as developed ones.

Borzo says its gig economy workforce enables delivery via any route, any transport, any weight or size. The startup says it has built algorithms to optimize numerous parallel delivery routes taking into account the geographical routes, packages’ contents, couriers, and other factors.

In a statement, Mike Alexandrovski, founder of Borzo, said: “With the new round closed we continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in. To achieve this goal we believe it’s important to ensure operational synchronicity and integrity of the company’s brand perception, and that’s why we rebranded it to Borzo.” 

Founded in 2012, Borzo says it now has a customer base of 2 million users, 2.5M couriers and operates in 10 countries including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey, and Vietnam. It claims to be fulfilling over 3M orders per month, while its annual gross revenue run rate approaches $150M, it says.

Faris Al Mazrui, Head of Russia & CIS at Mubadala, said: “The true fundamental shift in eCommerce took place with the increasing reliability and convenience of on-demand delivery services. In Borzo, we find a team with a clear vision of the opportunity in the evolving on-demand delivery space. They have succeeded in going global; becoming competitive in 10 new international markets.”.

Last year we covered Borzo’s $15 million Series B round led by Vostok New Ventures, with participation from existing investors Flashpoint and AddVenture.

News: Databricks raises $1.6B at $38B valuation as it blasts past $600M ARR

The company views its market as a new technology category. Databricks calls the technology a data “lakehouse,” a mashup of data lake and data warehouse.

Databricks this morning confirmed earlier reports that it was raising new capital at a higher valuation. The data- and AI-focused company has secured a $1.6 billion round at a $38 billion valuation, it said. Bloomberg first reported last week that Databricks was pursuing new capital at that price.

The Series H was led by Counterpoint Global, a Morgan Stanley fund. Other new investors included Baillie Gifford, UC Investments and ClearBridge. A grip of prior investors also kicked in cash to the round.

The new funding brings Databricks’ total private funding raised to $3.5 billion. Notably, its latest raise comes just seven months after the late-stage startup raised $1 billion on a $28 billion valuation. Its new valuation represents paper value creation in excess of $1 billion per month.

The company, which makes open source and commercial products for processing structured and unstructured data in one location, views its market as a new technology category. Databricks calls the technology a data “lakehouse,” a mashup of data lake and data warehouse.

Databricks CEO and co-founder Ali Ghodsi believes that its new capital will help his company secure market leadership.

For context, since the 1980s, large companies have stored massive amounts of structured data in data warehouses. More recently, companies like Snowflake and Databricks have provided a similar solution for unstructured data called a data lake.

In Ghodsi’s view, combining structured and unstructured data in a single place with the ability for customers to execute data science and business-intelligence work without moving the underlying data is a critical change in the larger data market.

“[Data lakehouses are] a new category, and we think there’s going to be lots of vendors in this data category. So it’s a land grab. We want to quickly race to build it and complete the picture,” he said in an interview with TechCrunch.

Ghodsi also pointed out that he is going up against well-capitalized competitors and that he wants the funds to compete hard with them.

“And you know, it’s not like we’re up against some tiny startups that are getting seed funding to build this. It’s all kinds of [large, established] vendors,” he said. That includes Snowflake, Amazon, Google and others who want to secure a piece of the new market category that Databricks sees emerging.

The company’s performance indicates that it’s onto something.

Growth

Databricks has reached the $600 million annual recurring revenue (ARR) milestone, it disclosed as part of its funding announcement. It closed 2020 at $425 million ARR, to better illustrate how quickly it is growing at scale.

Per the company, its new ARR figure represents 75% growth, measured on a year-over-year basis.

That’s quick for a company of its size; per the Bessemer Cloud Index, top-quartile public software companies are growing at around 44% year over year. Those companies are worth around 22x their forward revenues.

At its new valuation, Databricks is worth 63x its current ARR. So Databricks isn’t cheap, but at its current pace should be able to grow to a size that makes its most recent private valuation easily tenable when it does go public, provided that it doesn’t set a new, higher bar for its future performance by raising again before going public.

Ghodsi declined to share timing around a possible IPO, and it isn’t clear whether the company will pursue a traditional IPO or if it will continue to raise private funds so that it can direct list when it chooses to float. Regardless, Databricks is now sufficiently valuable that it can only exit to one of a handful of mega-cap technology giants or go public.

Why hasn’t the company gone public? Ghodsi is enjoying a rare position in the startup market: He has access to unlimited capital. Databricks had to open another $100 million in its latest round, which was originally set to close at just $1.5 billion. It doesn’t lack for investor interest, allowing its CEO to bring aboard the sort of shareholder he wants for his company’s post-IPO life — while enjoying limited dilution.

This also enables him to hire aggressively, possibly buy some smaller companies to fill in holes in Databricks’ product roadmap, and grow outside of the glare of Wall Street expectations from a position of capital advantage. It’s the startup equivalent of having one’s cake and eating it too.

But staying private longer isn’t without risks. If the larger market for software companies was rapidly devalued, Databricks could find itself too expensive to go public at its final private valuation. However, given the long bull market that we’ve seen in recent years for software shares, and the confidence Ghodsi has in his potential market, that doesn’t seem likely.

There’s still much about Databricks’ financial position that we don’t yet know — its gross margin profile, for example. TechCrunch is also incredibly curious what all its fundraising and ensuing spending have done to near-term Databricks operating cash flow results, as well as how long its gross-margin adjusted CAC payback has evolved since the onset of COVID-19. If we ever get an S-1, we might find out.

For now, winsome private markets are giving Ghodsi and crew space to operate an effectively public company without the annoyances that come with actually being public. Want the same thing for your company? Easy: Just reach $600 million ARR while growing 75% year over year.

News: Bose’s QuietComfort 45 arrive September 23 for $330

Following a spate of leaks, Bose this morning announced the latest addition to its well-loved over ear headphones. The QuietComfort 45 (which replace the 35 II) sport improved nose cancellation and 24 hours of battery on a charge, per Bose’s metrics. The air travel mainstays run $330 – coming in $20 cheaper than the QC

Following a spate of leaks, Bose this morning announced the latest addition to its well-loved over ear headphones. The QuietComfort 45 (which replace the 35 II) sport improved nose cancellation and 24 hours of battery on a charge, per Bose’s metrics. The air travel mainstays run $330 – coming in $20 cheaper than the QC 35’s initial asking price.

The new headphones look similar to the last few generations, mostly receiving some tweaks to make them a bit more comfortable, lighter and more compact. The headphones have two primary modes: Quiet and Aware. The former uses improved noise canceling tech to respond to ambient noise (as opposed to Bose’s older one-size-fits-all ANC). Aware, meanwhile lets sound in with a transparency mode.

Where some have switched entirely to touch panels, Bose maintains physical buttons, with four on the left ear cup for volume, power and pairing and one on the right to switch between noise canceling modes. Voice has been improved to isolate sound while using the built-in microphone for conversations.

Image Credits: Bose

The battery is rated at 24 hours of music playback, which is recharged via USB C. It takes a full two hours to go from zero to full – or you can get three hours on 15 minutes, if you’re pressed for time.

The headphone category has evolved dramatically since Bose release the first generation QuietComfort way back in 2000, It finally went fully wireless in 2016 with the QC 35. More recently, the category has gotten even more crowded courtesy of some excellent entries from the likes of Sony and Apple, but Bose remains the most iconic name in over ear headphones, particular for frequent travels.

The QC 45 maintain the company’s approach to keeping things simple. They go up for sale September 23 – perhaps we’ll all be traveling on planes again by then.

News: Rattle raises $2.8M from Lightspeed and Sequoia to modernize enterprise sales stack

Tech employees build amazing consumer-facing apps for the world. But for their internal communications, they are stuck using applications that don’t play well with one another. This is a problem since most employees at a mid-sized or large-sized firm spend a fourth or third of their days on internal communication applications. Now a San Francisco-headquartered

Tech employees build amazing consumer-facing apps for the world. But for their internal communications, they are stuck using applications that don’t play well with one another.

This is a problem since most employees at a mid-sized or large-sized firm spend a fourth or third of their days on internal communication applications.

Now a San Francisco-headquartered startup is attempting to build a software that makes it much more convenient to engage with business services.

Rattle is building a real-time and collaborative “connectivity tissue” to address the siloed nature of modern record-keeping and intelligence platforms, said Sahil Aggarwal, co-founder and chief executive of the eponymous startup, in an interview with TechCrunch.

“To use Salesforce, as an example, you are using it for two things: you’re writing data into Salesforce and you’re taking data out of it,” he explained. “What Rattle does is it enables you to send all the insights from Salesforce into a messaging platform and then lets you write data from within the messaging service back into Salesforce.”

Rattle’s use case extends to even more services. It can recognize phone calls and prompt individuals to log that and pursue that opportunity on Slack.

“We started with integrating Slack and Salesforce, and now with their acquisition the idea has definitely gotten validated. It’s extremely transformational for companies,” said Aggarwal, who got the idea about this startup at his previous venture when an application he built for the internal team received great feedback.

The startup, which launched its offering in March, is already seeing over 70% conversion rate among enterprises that have given it a try. Rattle has amassed over 50 customers including Terminus, Olive, Litmus, Imply and Parsely.

After implementing Rattle “[our] lead response time has gone down by 75% and key processes have sped up from days to minutes,” said Jeff Ronaldi, GTM Ops Manager at LogDNA.

The startup announced on Tuesday that it has raised a seed round of $2.8 million from Lightspeed and Sequoia Capital India. Amy Chang (EVP at Cisco & Disney board member), Ellen Levy (early investor in Outreach), Jake Seid (early investor in Brex & Carta), and Krish & Raman (the founders of unicorn SaaS firm Chargebee) also participated in the round.

“Businesses worldwide are mired in processes – from sales to marketing, HR, IT, and more. With increased digitization and remote work, processes and adherence thereof are only going to diverge over time,” said Hemant Mohapatra, Partner at Lightspeed, in a statement. “The Rattle team impressed us by their unrelenting focus on the most important piece of this puzzle: the people caught in these processes. Rarely have we seen such intense customer love so early in a company’s life and are honored to go on this journey with Rattle together!”

The startup, which charges anywhere between $20 to $30 per user per month, plans to deploy the fresh funds to expand its product offerings including adding integration with more enterprise applications.

News: NVIDIA’s latest tech makes AI voices more expressive and realistic

The voices on Amazon’s Alexa, Google Assistant and others still lack the rhythms and intonation that make speech human. NVIDIA has unveiled new tools that can capture those natural speech qualities.

The voices on Amazon’s Alexa, Google Assistant and other AI assistants are far ahead of old-school GPS devices, but they still lack the rhythms, intonation and other qualities that make speech sound, well, human. NVIDIA has unveiled new research and tools that can capture those natural speech qualities by letting you train the AI system with your own voice, the company announced at the Interspeech 2021 conference.

To improve its AI voice synthesis, NVIDIA’s text-to-speech research team developed a model called RAD-TTS, a winning entry at an NAB broadcast convention competition to develop the most realistic avatar. The system allows an individual to train a text-to-speech model with their own voice, including the pacing, tonality, timbre and more.

Another RAD-TTS feature is voice conversion, which lets a user deliver one speaker’s words using another person’s voice. That interface gives fine, frame-level control over a synthesized voice’s pitch, duration and energy.

Using this technology, NVIDIA’s researchers created more conversational-sounding voice narration for its own I Am AI video series using synthesized rather than human voices. The aim was to get the narration to match the tone and style of the videos, something that hasn’t been done well in many AI narrated videos to date. The results are still a bit robotic, but better than any AI narration I’ve ever heard.

“With this interface, our video producer could record himself reading the video script, and then use the AI model to convert his speech into the female narrator’s voice. Using this baseline narration, the producer could then direct the AI like a voice actor — tweaking the synthesized speech to emphasize specific words, and modifying the pacing of the narration to better express the video’s tone,” NVIDIA wrote.

NVIDIA is distributing some of this research — optimized to run efficiently on NVIDIA GPUs, of course — to anyone who wants to try it via open source through the NVIDIA NeMo Python toolkit for GPU-accelerated conversational AI, available on the company’s NGC hub of containers and other software.

“Several of the models are trained with tens of thousands of hours of audio data on NVIDIA DGX systems. Developers can fine tune any model for their use cases, speeding up training using mixed-precision computing on NVIDIA Tensor Core GPUs,” the company wrote.

Editor’s note: This post originally appeared on Engadget.

News: Octane banks $2M for flexible billing software

Octane, a metered SaaS billing system, helps vendors create a plan, monitor usage and charge in a similar way to Snowflake and AWS.

Software billing startup Octane announced Tuesday that it raised $2 million on a post-money valuation of $10 million to advance its pay-as-you-go billing software.

Akash Khanolkar and his co-founders met a decade ago at Carnegie Mellon University and since then went off in different directions. In Khanolkar’s case, he ran a cloud consulting business and saw how fast companies like Datadog and Snowflake were coming to market and dealing with Amazon Web Services.

He found that the commonality in all of those fast-growing companies was billing software using a pay-as-you-go business model versus the traditional flat-rate plans, Khanolkar told TechCrunch.

However, he explained that monitoring consumption means that billing becomes complicated: companies now have to track how customers are using the software per second in order to bill correctly each month.

Seeing the shift toward consumption-based billing, the co-founders came back together in June 2020 to create Octane, a metered billing system that helps vendors create a plan, monitor usage and charge in a similar way to Snowflake and AWS, Khanolkar said.

“We are API-driven, and you as a vendor will send us usage data, and on our end, we store it and then do real-time aggregations so at the end of the month, you can accordingly bill customers,” Khanolkar said. “We have seen contention between engineering and product. Engineers are there to create core plans, so we built a no-code experience for product teams to be able to create new price plans and then perform changes, like adding coupons.”

Within the global cloud billing market, which is expected to reach $6.5 billion by 2025, there are a set of Octane competitors, like Chargebee and Zuora, that Khanolkar said are tackling the subscription management side and succeeding in the past several years. Now there is a usage and consumption-based world coming and a whole new set of software businesses, like Octane, coming in to succeed there.

The new round of funding was led by Basis Set Ventures and included Dropbox co-founder Arash Ferdowsi, Github CTO Jason Warner, Fortress CTO Assunta Gaglione, Scale AI CRO Chetan Chaudhary, former Twilio executive Evan Cummack, Esteban Reyes, Abstraction Capital and Script Capital.

“With the rise of product-led growth and usage-based pricing models, usage-based billing is a critical and foundational piece of infrastructure that has been simply missing,” said Chang Xu, partner at Basis Set Ventures, via email. “At the same time, it’s something that every department cares about as it’s your revenue. Many later-stage companies we talk to that have built this in-house talk about the ongoing maintenance costs and wishes that there is a vendor they can outsource it to.”

We are super impressed with the Octane team with their dedication to building a best-in-class and robust usage-based billing solution. They’ve validated this opportunity by talking to lots of engineering teams so they can solve for all the edge cases, which is important in something as mission critical as billing. We are convinced that Octane will become an inevitable part of the tech infrastructure.”

The new funding will go primarily toward hiring engineers, as well as product, marketing and sales staff. Octane currently has seven employees, and Khanolkar expects to be around 10 by the end of the year.

The company is working with a large range of companies, primarily focused on infrastructure and the depth gauge industries. Octane is also seeing some unique use cases emerge, like a construction company using the usage meter to track the hours an employee works and companies in electric charging using the meter for those purposes.

“We didn’t envision construction guys using it, but in theory, it could be used by any company that tracks time — even legal,” Khanolkar added.

He declined to speak about the company’s revenue, but did say it now had two to three years of runway.

Up next, the company plans to roll out new features like price experimentation based on usage to help customers better make decisions on how to price their software, another problem Khanolkar sees happening. It will build ways that customers can try different plans against usage data to validate which one works the best.

“We are still in the early innings of consumption-based models, but we see more end users opting to go with an enterprise that wants to let them try out the software and then pay as they go,” he added.

News: Windows 11 launches October 5

Microsoft offered a broad “Holiday 2021” release date when it announced Windows 11, back in June. Of course, it didn’t specify precisely which holiday. Perhaps the company was aiming for World Teachers’ Day, a belated Sukkot or an extremely early Halloween. After strongly implying a late-October release a few months back (which some pointing to

Microsoft offered a broad “Holiday 2021” release date when it announced Windows 11, back in June. Of course, it didn’t specify precisely which holiday. Perhaps the company was aiming for World Teachers’ Day, a belated Sukkot or an extremely early Halloween. After strongly implying a late-October release a few months back (which some pointing to the 20th), the company this morning announced that the operating system is set to arrive October 5.

The date is, undoubtedly, on the early side of Microsoft’s release window. The first major release since 2015 will be available as a free upgrade to users with an eligible PC running Windows 10. October 5 will also see the availability of the first systems shipping with Windows 11 preloaded.

windows 11 desktop

Image Credits: Microsoft

Frederic wrote up the first preview build when it became available through the Windows Insider Dev Channel. He noted at the time, “This is definitely more than just another bi-annual Windows 10 update with a few minor UI changes.”

Indeed, the company fittingly offers an 11 point blog post highlighting the major changes that will arrive in the October update. The first – and most immediately apparent – is one that has been around since that earliest preview build. The operating system’s design has been refreshed for a cleaner feel throughout.

That includes new Snap Layouts, Groups and Desktops designed to offer a more organized approach to multitasking. A number of the company’s online services have been more deeply integrated into the OS. Microsoft 365 is built into the Start menu, offering up access to recently viewed files, for more cross-platform integration. Teams, meanwhile, has been added to the taskbar (Microsoft really wants you to use Teams, folks). You’ll find Widgets there, as well, with quick access to information like news, weather, sports and stocks.

There are a range of accessibility updates. In a lengthy post from July, Microsoft highlights those updates, noting, “Accessible technology is a fundamental building block that can unlock opportunities in every part of society. A more accessible Windows experience has the power to help tackle the “disability divide” — to contribute to more education and employment opportunities for people with disabilities across the world.

The Microsoft Store get a design upgrade, as well, and the company has promised more access for independent developers to create new tools for the operating system. The new version of Windows continues to offer a focus on desktop gaming, with features like e DirectX12 Ultimate, DirectStorage and Auto HDR.

Windows 11 widgets

Image Credits: Microsoft

There’s been some confusion around what, precisely, all of this means for unsupported machines of late – as well, as, frankly, which machines qualify as supported. It was reported earlier this week that those systems that don’t fall within Microsoft’s parameters won’t get Windows Update when the new operating system is installed manually. That’s obviously a massive bummer, given that the utility deliveries security patches and other updates.

“The free upgrade to Windows 11 starts on October 5 and will be phased and measured with a focus on quality,” the company writes in this morning’s post. “Following the tremendous learnings from Windows 10, we want to make sure we’re providing you with the best possible experience. That means new eligible devices will be offered the upgrade first. The upgrade will then roll out over time to in-market devices based on intelligence models that consider hardware eligibility, reliability metrics, age of device and other factors that impact the upgrade experience.”

The company says it expects all qualified machines will be offered the upgrade by some point in mid-2022. For those systems that aren’t upgraded, Microsoft says it will continue supporting Windows 10 through October 14, 2025.

News: Quip’s new $100M round will usher in more than just clean teeth

Quip is focused on growth, innovation and community building among its over 7.5 million customers in 100 countries.

Quip is on a mission to be the go-to platform for both personal and professional oral care, and a new $100 million cash infusion is giving the New York-based company fuel to do it.

The new round from Cowen Sustainable Investments (CSI), labeled a Series B, follows the company reaching profitability in April 2020 and gives Quip more than $160 million in total funding since the company was founded in 2015. Its last publicly announced raise was $40 million in 2018. The company showcased its service at TechCrunch Disrupt NY’s Startup Alley in 2015.

At that time, Quip was best known as a subscription-based toothbrush replacement service, but over the years has steadily taken on more of the $435 billion global oral healthcare market by adding other products like flossers, mouthwash, gum, smart electric toothbrushes and, most recently, a virtual orthodontist-enabled clear aligner service launched in April.

Company co-founder and CEO Simon Enever told TechCrunch that its long-term vision is to “build a lasting global business in the oral care category, and it is important to keep the business on the right scale.” Quip is focused on growth, innovation and community building among its over 7.5 million customers in 100 countries.

“The timing of this round, and raising such a significant round, was deliberate and strategic,” he added. “We wanted to prove a couple of things: that we create a high-profile, profitable core business that people know today, aligning the first pieces of the pie on our oral care app and then services, such as the clear aligner that we launched a couple of months ago.”

When Quip first launched and received funding six years ago, there were very few oral care startups and not much funding going into the space, Enever said. In fact, that was what led him to start the company in the first place — a dental visit eight years ago where he learned how little investment was being made to improve the space. Since then, more startups are innovating dental care and there is investment in both the personal care side and professional, especially in sub areas like orthodontics and appointment bookings, which Quip is working on, he added.

The new funding will enable the company to further scale its personal care platform, which already has over 7.5 million users, and continue to connect them with a network of more than 50,000 dental professionals. It will also go into new verticals, expand its global footprint and roll out new features to its oral care companion mobile app.

Quip expects to reach over 1 million app users in 2022, Enever said. New features will complement the company’s mission to track oral habits, coaching and health monitoring. Members can then earn points by improving their habits and health and redeem them for products and discounts from Quip and other partners.

Enever also plans to double Quip’s 200-person team (located in New York and Salt Lake City) by the end of 2022.

“We had an amazing lean and driven team that has gotten us to the point where we are at now, and we are excited to scale that and have more support to take things to the next level,” he added. “It is incredible to watch the team. In the past few years, they hit their goals and launched four brand new personal care product lines, rolled out in Walmart and helped us become profitable. It has been amazing to watch the team despite the pandemic.”

Retail sales are up more than 100% compared to last year, according to the company. In addition to going into Walmart, the company’s products are also in Target, giving it over 10,000 retail locations.

As part of the investment, Artem Mariychin, managing director at CSI, is joining the company’s board. CSI, an environmental sustainability focused growth investment strategy, looks for companies having a positive impact on the world’s environment, like addressing waste, which was one of the attractions to Quip, he said.

The company estimated over 100 million single-use plastic components were diverted from landfills through its paper packaging and refillable products recycling program. It aims to reach over 1 million pounds of plastic reduction or diversion in the next 12 months.

Mariychin was also attracted to Quip’s growth versus other consumer companies and its ability to be capital efficient and also consumer-centric, something he said was unique in the oral care business.

“They aren’t expensive, but they are high-quality and solve consumer needs and pain points,” he said. “Simon’s origin was to improve brushing outcomes — only 50% of people brush twice a day now. However, with the brush built, they looked at what else they can do and expanded into the floss pick and mouthwash. What is impressive is that subscribers are now purchasing other products. Quip is now expanding into other parts of dental, like the liners, and that is atypical of others in e-commerce.”

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