Tag Archives: Blog

News: Twitter adds support for Twitter Spaces to its rebuilt API

Twitter is rolling out changes its newly rebuilt API that will allow third-party developers to build tools and other solutions specifically for its audio chatroom product, Twitter Spaces. The company today announced it’s shipping new endpoints to support Spaces on the Twitter API v2, with the initial focus on enabling discovery of live or scheduled

Twitter is rolling out changes its newly rebuilt API that will allow third-party developers to build tools and other solutions specifically for its audio chatroom product, Twitter Spaces. The company today announced it’s shipping new endpoints to support Spaces on the Twitter API v2, with the initial focus on enabling discovery of live or scheduled Spaces. This may later be followed by an API update that will make it possible for developers to build out more tools for Spaces’ hosts.

The company first introduced its fully rebuilt API last year, with the goal of modernizing its developer platform while also making it easier to add support for Twitter’s newer features at a faster pace. The new support for Twitter Spaces in the API is one example of that plan now being put into action.

With the current API update, Twitter hopes developers will build new products that enable users — both on and off Twitter — to find Twitter Spaces more easily, the company says. This could potentially broaden the reach of Spaces and introduce its audio chats to more people, which could give Twitter a leg up in the increasingly competitive landscape for audio-based social networking. Today, Twitter Spaces isn’t only taking on Clubhouse, but also the audio chat experiences being offered by Facebook, Discord, Reddit, Public.com, Spotify, and smaller social apps.

According to Twitter, developers will gain access to two new endpoints, Spaces lookup and Spaces search, which allow them to lookup live and scheduled Spaces using specific criteria — like the Spaces ID, user ID, or keywords. The Spaces lookup endpoint also offers a way to begin to understand the public metadata and metrics associated with a Space, like the participant count, speaker count, host profile information, detected language being used, start time, scheduled start time, creation time, status, and whether the Space is ticketed or not, Twitter tells us.

To chose what Spaces functionality to build into its API first, Twitter says it spoke to developers who told the company they wanted functionality that could help people discover Spaces they may find interesting and set reminders for attending. Developers said they also want to build tools that would allow Spaces hosts to better understand how well their audio chats are performing. But most of these options are yet available with today’s API update. Twitter only said it’s “exploring” other functionality — like tools that would allow developers to integrate reminders into their products, as well as those that would be able to surface certain metrics fields available in the API or allow developers to build analytics dashboards.

These ideas for other endpoints haven’t yet gained a spot on Twitter’s Developer Platform Roadmap, either.

Twitter also told us it’s not working on any API endpoints that would allow developers to build standalone client apps for Twitter Spaces, as that’s not something it heard interest in from its developer community.

Several developers have been participating in a weekly Spaces hosted by Daniele Bernardi from Twitter’s Spaces team, and were already clued in to coming updates. Developers with access to the v2 API will be able to begin building with the new endpoints starting today, but none have new experiences ready to launch at this time. Twitter notes Bernardi will also host another Spaces event today at 12 PM PT to talk in more detail about the API update and what’s still to come.

News: Apple’s CSAM detection tech is under fire — again

Apple has encountered monumental backlash to a new child sexual abuse imagery (CSAM) detection technology it announced earlier this month. The system, which Apple calls NeuralHash, has yet to be activated for its billion-plus users, but the technology is already facing heat from security researchers who say the algorithm is producing flawed results. NeuralHash is

Apple has encountered monumental backlash to a new child sexual abuse imagery (CSAM) detection technology it announced earlier this month. The system, which Apple calls NeuralHash, has yet to be activated for its billion-plus users, but the technology is already facing heat from security researchers who say the algorithm is producing flawed results.

NeuralHash is designed to identify known CSAM on a user’s device without having to possess the image or knowing the contents of the image. Because a user’s photos stored in iCloud are end-to-end encrypted so that even Apple can’t access the data, NeuralHash instead scans for known CSAM on a user’s device, which Apple claims is more privacy friendly as it limits the scanning to just photos rather than other companies which scan all of a user’s file.

Apple does this by looking for images on a user’s device that have the same hash — a string of letters and numbers that can uniquely identify an image — that are provided by child protection organizations like NCMEC. If NeuralHash finds 30 or more matching hashes, the images are flagged to Apple for a manual review before the account owner is reported to law enforcement. Apple says the chance of a false positive is about one in one trillion accounts.

But security experts and privacy advocates have expressed concern that the system could be abused by highly-resourced actors, like governments, to implicate innocent victims or to manipulate the system to detect other materials that authoritarian nation states find objectionable. NCMEC called critics the “screeching voices of the minority,” according to a leaked memo distributed internally to Apple staff.

Last night, Asuhariet Ygvar reverse-engineered Apple’s NeuralHash into a Python script and published code to GitHub, allowing anyone to test the technology regardless of whether they have an Apple device to test. In a Reddit post, Ygvar said NeuralHash “already exists” in iOS 14.3 as obfuscated code, but was able to reconstruct the technology to help other security researchers understand the algorithm better before it’s rolled out to iOS and macOS devices later this year.

It didn’t take long before others tinkered with the published code and soon came the first reported case of a “hash collision,” which in NeuralHash’s case is where two entirely different images produce the same hash. Cory Cornelius, a well-known research scientist at Intel Labs, discovered the hash collision. Ygvar confirmed the collision a short time later.

Hash collisions can be a death knell to systems that rely on cryptography to keep them secure, such as encryption. Over the years several well-known password hashing algorithms, like MD5 and SHA-1, were retired after collision attacks rendered them ineffective.

Kenneth White, a cryptography expert and founder of the Open Crypto Audit Project, said in a tweet: “I think some people aren’t grasping that the time between the iOS NeuralHash code being found and [the] first collision was not months or days, but a couple of hours.”

When reached, an Apple spokesperson declined to comment on the record. But in a background call where reporters were not allowed to quote executives directly or by name, Apple downplayed the hash collision and argued that the protections it puts in place — such as a manual review of photos before they are reported to law enforcement — are designed to prevent abuses. Apple also said that the version of NeuralHash that was reverse-engineered is a generic version, and not the complete version that will roll out later this year.

It’s not just civil liberties groups and security experts that are expressing concern about the technology. A senior lawmaker in the German parliament sent a letter to Apple chief executive Tim Cook this week saying that the company is walking down a “dangerous path” and urged Apple not to implement the system.

News: What is happening to risk-taking in venture capital?

The irony is that there’s never been a better time to be an inception investor given lower capital needs of getting from idea to Series A milestones.

Navin Chaddha
Contributor

Navin Chaddha is managing partner at Mayfield, an inception and early-stage investor with more than 50 years of a people-first investing philosophy.

Sam Lessin’s post in The Information, “The End of Venture Capital as We Know It,” prompted heated debate in Silicon Valley. He argued that the arrival of new players with large amounts of capital is changing the landscape of late-stage investing for venture capitalists and forcing VCs to “enter the bigger pond as a fairly small fish, or go find another small pond.”

But there’s another important trend developing in venture capital that has even more significant consequences than whether VCs are being forced to fight with bigger, deeper pockets for late-stage investment opportunities. And that is the move away from what has always defined venture capital: taking risks on the earliest-stage companies.

The VC industry at large, instead of taking risks at inception and in the early stages, is investing in later-stage companies where the concept is proven and companies have momentum.

The data indicates investing in early-stage companies is decreasing rapidly. According to data from PitchBook and the National Venture Capital Association, as a percentage of total U.S. venture capital dollars invested, angel/seed stage has reduced from 10.6% to 4.9% over the last three years, early-stage has reduced from 36.5% to 26.1% during the same time period, while late-stage has drastically increased from 52.9% to 69%, coming (as Lessin pointed out) from new players such as hedge funds and mutual funds.

This is happening at a time when there has been a record rate of new business creation. According to the U.S. Census Bureau, seasonally adjusted monthly business applications have been around 500,000 per month from the second half of 2020 to June 2021, compared with 300,000 per month in the year preceding the pandemic.

This data should be a red flag. Venture capital is about investing in risk to help the most innovative, transformative ideas get from concept to a flourishing enterprise. But the VC industry at large, instead of taking risks at inception and in the early stages, is investing in later-stage companies where the concept is proven and companies have momentum.

Here, the skill is more about finance to determine how much to invest and at what valuation to hit a certain return threshold rather than having the ability to spot a promising founder with a breakthrough idea. There’s an important role for late-stage investing, but if that’s where too much of the industry’s focus is applied, we’ll stifle innovation and limit the pipeline of companies to invest in Series B and beyond in the future.

The irony is that there’s never been a better time to be an inception investor given lower capital needs of getting from idea to Series A milestones. Startup costs have been driven down with access to cloud, social, mobile and open-source technologies, allowing entrepreneurs to test ideas and build momentum with small pools of capital.

This has spawned a golden age of innovation and many new trends are emerging, creating a large pool of companies that need money and support to take an idea and turn it into a flourishing business.

It’s also ironic that when we are judged for our prowess as VC investors, the only question that has ever mattered is who was the earliest investor, who had the genius to recognize a brilliant idea. It is not who led the last round(s) before an IPO.

This is not some esoteric argument about venture capital; there will be real consequences for our ability to innovate and invest in areas such as the renaissance of silicon, biology as technology, human-centered AI, unleashing the power of data, climate-friendly investing, saving lives, re-humanization of social media, blockchain and quantum computing.

The VC industry cannot forget its roots. In its early days, it served as the catalyst for the success of iconic companies such as Genentech, Apple, Microsoft, Netscape, Google, Salesforce, Amazon and Facebook. Without these companies, we would not have a biotech industry, the internet, the cloud, social media and mobile computing, all of which have dramatically changed how we live, play and work.

We can’t know the future, but with AI, machine learning and a new generation of semiconductors and materials, we certainly know profound change lies ahead. But it won’t happen if venture capital doesn’t play a major role at a company’s inception. We have to step up and do more to change the discouraging statistics above.

And it’s not just about individual firm glory: If we want the U.S. to maintain its leadership as the innovation engine of the world, the venture industry has to do more to support bold ideas at the earliest stages to give them a shot at succeeding. Maybe it’s time, as Lessin suggested, for VCs to “go find another small pond” or rather swim deeper in the one some of us are already in: the one that is full of inception-stage companies looking for investors who will partner with them throughout their journey.

News: Waze with ‘PAW Patrol’ voices sounds like a chill car ride

Waze might have a way to keep your kids entertained during a drive without handing them a tablet: distract them with your navigation app. The company has added a PAW Patrol experience.

Jon Fingas
Contributor

Jon Fingas is a contributing writer at Engadget.

Waze might have a way to keep your kids entertained during a drive without handing them a tablet: distract them with your navigation app. The company has added a PAW Patrol experience to Waze that has the TV show’s Ryder guide you to your destination with help from Chase, Marshall and Skye. You can also switch your Waze Mood to replace the usual icon with Chase’s police car, Marshall’s fire truck or Skye’s aircraft.

The feature is available for a “limited time” to English users through the My Waze section in the app. It’s available on both Android and iOS.

This is a not-so-subtle plug for the upcoming PAW Patrol movie, but it could be helpful for keeping your young ones engaged. It might even encourage them to take an interest in the drive and the world outside the car window. Of course, it’s also easy to see this going very badly — the last thing you want is to have your kids shouting at the phone while you’re listening for directions. This might be best for children who tend to watch the show in raptured silence.

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

News: Planet Labs and Google Cloud join forces in data analysis agreement

Satellite operator Planet Labs is beefing up its existing partnership with Google Cloud. Under a new agreement, Planet customers can use Google Cloud to store and process data, and access Google’s other products such as its data analytics warehouse BigQuery. The two companies’ collaboration stretches back to 2017, when Google sold its satellite imaging business,

Satellite operator Planet Labs is beefing up its existing partnership with Google Cloud. Under a new agreement, Planet customers can use Google Cloud to store and process data, and access Google’s other products such as its data analytics warehouse BigQuery.

The two companies’ collaboration stretches back to 2017, when Google sold its satellite imaging business, Terra Bella, to Planet. As part of the sale agreement, Google also signed a multi-year contract with Planet to license Earth-imaging for its use. Planet also uses Google Cloud service for its own internal data processing and hosting.

This latest agreement will let Planet customers use products like BigQuery to analyze large volumes of satellite imaging data, reflecting “a growing demand for planetary-scale satellite data analysis, powered by the cloud,” Planet said in a news release.

“Planet customers want scalable compute and storage,” Kevin Weil, Planet’s president of product and business said. “Google Cloud customers want broader access to satellite data and analytics. This partnership is a win-win for both, as it helps customers transform their operations and compete in a digital-first world, powered by Planet’s unique data set.”

Planet operates a network of around 200 satellites – more than any government – and provides analytics services on the data it gathers. Last month, the company joined a slew of other space companies by announcing it was going public via a $2.8 billion merger with blank-check firm dMY Technology Group IV. The deal is anticipated to inject Planet with $545 million in cash, including a $200 million private-investment-in-public-equity from BlackRock-managed funds, Koch Strategic Platforms, Marc Benioff’s TIME Ventures and Google.

News: Dear Sophie: Tips on EB-1A and EB-2 NIW?

I’m on an H-1B in the U.S. I’ve been looking at the EB-1A and EB-2 NIW. I’m not sure if I would qualify for an EB-1A, but since I was born in India, I face a longer wait for an EB-2 NIW. Any tips?

Sophie Alcorn
Contributor

Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives.

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.

“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”

Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off.


Dear Sophie,

I’m on an H-1B living and working in the U.S. I want to apply for a green card on my own. I’m concerned about only relying on my current employer and I want to be able to easily change jobs or create a startup. I’ve been looking at the EB-1A and EB-2 NIW.

I’m not sure if I would qualify for an EB-1A, but since I was born in India, I face a much longer wait for an EB-2 NIW. Any tips on how to proceed?

— Inventive from India

Dear Inventive,

Thanks for your question. Take a listen to my podcast episode in which I discuss the latest tech immigration news and delve into the benefits and requirements of the EB-1A green card for individuals of extraordinary ability and the EB-2 NIW (National Interest Waiver) green card, which as you know are the main employment-based green cards for which individuals can self-sponsor.

I recommend you consult an experienced immigration attorney who can evaluate your abilities and accomplishments and assess your prospects for each green card. After an initial consultation with new clients, we’re able to provide a lot more detail to folks on their specific options since these are such individualized pathways.

There are some groups of people who might need every advantage. Those can include folks born in India or China, who might face long green card backlogs. Another such group includes people whose skills and accomplishments might be borderline for an EB-1A green card for extraordinary ability. In some cases — if eligible and to have every opportunity for green card security and to mitigate wait times as much as possible — our clients choose to file both the EB-1A and EB-2 NIW in parallel.

A composite image of immigration law attorney Sophie Alcorn in front of a background with a TechCrunch logo.

Image Credits: Joanna Buniak / Sophie Alcorn (opens in a new window)

The EB-1A is the highest priority green card and the standard for qualifying is much higher than for the EB-2 NIW. And that means an EB-1A is typically quicker to get, which is particularly the case now: According to the August 2021 Visa Bulletin, there is no wait for an EB-1A green card regardless of country of birth, while only individuals who were born in India and have a priority date of June 1, 2011 or earlier can proceed with their EB-2 NIW petition.

Please remember that the Visa Bulletin fluctuates and changes every month. Also, the EB-1A is currently eligible for premium processing on the I-140. Although there is talk to add this option to the EB-2 NIW one day, premium processing is not available for EB-2 NIW I-140s yet.

News: Waymo Via is scaling up autonomous trucking operations in Texas, Arizona and California

Waymo, Alphabet’s self-driving arm, is building a dedicated trucking hub in Dallas and partnering with Ryder for fleet management services in a two-pronged move to seriously scale up its autonomous trucking operations across Texas, Arizona and California. This news comes just a couple of months after Waymo announced a $2.5 billion raise that it would

Waymo, Alphabet’s self-driving arm, is building a dedicated trucking hub in Dallas and partnering with Ryder for fleet management services in a two-pronged move to seriously scale up its autonomous trucking operations across Texas, Arizona and California.

This news comes just a couple of months after Waymo announced a $2.5 billion raise that it would use to continue growing its autonomous driving platform, the Waymo Driver, as well as its team. Waymo has been ramping up testing on the fifth generation of the Driver on Class 8 trucks, hauling freight for carriers like J.B. Hunt along Interstate 45 between Houston and Fort Worth, Texas and working with Daimler Trucks to develop a robust level 4 redundant vehicle platform, according to a spokesperson for the company. According to the Society of Automotive Engineers, level 4 autonomy means the vehicle can drive itself without a human but only in predefined areas.

Waymo has already broken ground on the new 9-acre trucking hub, which will be built specifically for Waymo Via, the company’s autonomous trucking operations, in Dallas-Forth Worth to service one of the busiest corridors in the country. Designed for commercial use, the hub is expected to accommodate hundreds of trucks as the company scales in the region and amplifies larger and more complex autonomous testing. Waymo says it will help the company spread out operations in Texas beyond the I-45 and across the I-10 and I-20. The location is well situated to support long-haul routes across state borders and connect with Waymo’s Phoenix operations center. Waymo said it plans to move into the facility during the first half of next year.

This is where the Ryder partnership comes in. The Dallas hub will be a central launch point for testing not only the Waymo Driver, but also its transfer hub model, which is a mix of automated and manual trucking that optimizes transfer hubs near highways to ensure the Waymo Driver is sticking to main thoroughfares and human drivers are handling first and last mile deliveries. Scaling this model will require a high level of organization, and Ryder’s fleet management services and standardized fleet maintenance across over 500 facilities should be up to the job.

The partnership includes fleet maintenance, inspections and roadside assistance across all of the Waymo Via hubs and testing sites, including the new Dallas facility. Given Ryder’s size and influence and Waymo’s access to AV fleet data, the two companies will also work on a blueprint for autonomous truck maintenance and optimized performance.

“While this partnership initially focuses on fleet maintenance, we see many opportunities to collaborate on autonomous trucking operations in order to successfully deploy these trucks at scale,” said Karen Jones, chief marketing officer and head of new product development for Ryder, in a statement. “Already, we’ve collaborated on the layout and design of Waymo’s new Dallas facility to ensure it’s optimized for serviceability of trucks and for the transfer hub model they plan to pursue in the near future. Autonomous Class 8 technology is quickly taking hold, and Ryder is poised to become a leader — not only in servicing trucks but also in managing the unique logistics of autonomous operations.”

 

News: Apple walks back controversial Safari changes with iOS 15 beta 6 update

Apple is slowly walking back its controversial decision to redesign mobile Safari in iOS 15 to show the address bar at the bottom of the screen, floating atop the page’s content. The revamp, which was largely meant to make it easier to reach Safari’s controls with one hand, had been met with criticism as Apple’s

Apple is slowly walking back its controversial decision to redesign mobile Safari in iOS 15 to show the address bar at the bottom of the screen, floating atop the page’s content. The revamp, which was largely meant to make it easier to reach Safari’s controls with one hand, had been met with criticism as Apple’s other design choices actually made the new experience less usable than before. With the latest release of iOS 15 beta 6, Apple is responding to user feedback and complaints with the introduction of yet another design that now shows the bottom tab bar below the page content, offering a more standardized experience for those who would have otherwise liked the update. More importantly, perhaps, Apple is no longer forcing the bottom tab bar on users.

With the new release, there’s now an option to show the address bar at the top of the page, as before. For all those who truly hated the update, this means they can set things back to “normal.”

Image Credits: Screenshots, tab bar before and after

One significant complaint with the floating tab bar was that it made some websites nearly unusable, as the bar would block out elements you needed to click. (To get to these unreachable parts of the page, you’d have to swipe the bar down — a less-than-ideal experience).

Just another day being unable to order takeout because iOS 15 Safari’s bottom bar makes this checkout button untappable.

thanks Safari for not letting me have that bruschetta 😢pic.twitter.com/e23YTYzGM6

— Federico Viticci (@viticci) July 22, 2021

In iOS 15 beta 6, these and other issues are addressed. Essentially, the tab bar looks much like it used to — with a familiar row of buttons, like it had before when it had been available at the top of the screen. And the bar will no longer get in the way of website content.

Testers had also pointed out that Apple’s original decision to hide often-used features — like the reload button or Reader Mode — under the three-dot “more” menu made Safari more difficult to use than in the past. With the release of iOS 15 beta 4, Apple had tried to solve this problem by bringing back the reload and share buttons, and making Reader Mode appear when available. But the buttons were still small and harder to tap than before.

The new tab bar and the return to normal it offers — regardless of its placement at the top or bottom of the screen — is an admission from Apple that users’ complaints on this matter were, in fact, valid. And it’s a demonstration of what beta testing is meant to be about: trying out new ideas and fixing what doesn’t work.

Separately, beta 6 users can now restore the tab bar to the top of the page, if that’s your preference. You can now find an option under Settings –> Safari to choose between the Tab Bar default and the Single Tab option — the latter which relocates the address bar to the top of the screen. (Doing so means you’ll lose the option to swipe through your open tabs, as you could with the Tab Bar, however.)

It’s fairly common for Apple to offer alternatives to its default settings — like how it allows users to configure how gestures and clicks work on the Mac’s trackpad, for example, or how it allows users to turn off the oncedebated “natural” scroll direction option. But adding the option to return the tab at the top is an admission that some good portion of Safari users didn’t want to relearn how to use one of the iPhone’s most frequently-accessed apps. And if forced to do so, they may have switched browsers instead.

As Apple typically releases the latest version of its iOS software in the fall, this update may represent one of the final changes to Safari we’ll see ahead of the public release.

News: Mealworm farming company Beta Hatch raises $10M

Last time I was in Hong Kong, a startup gave me a jar of mealworms as a snack. They were crunchy and a bit odd looking (as one might expect from a jar full of baked larvae). They really didn’t offer much in the way of flavor, though, so maybe supply your own seasoning. For

Last time I was in Hong Kong, a startup gave me a jar of mealworms as a snack. They were crunchy and a bit odd looking (as one might expect from a jar full of baked larvae). They really didn’t offer much in the way of flavor, though, so maybe supply your own seasoning.

For all sorts of sustainability reasons, there’s been a good deal of interest in these sorts of alternative protein sources — for humans and otherwise. Beta Hatch’s farming efforts are squarely focused on the latter, citing livestock and pets as primary targets for a farming process it says is “virtually zero-waste.”

Today the St. Louis-based firm announced $10 million in funding in a round led by Lewis & Clark AgriFood, with participation from Cavallo Ventures and Innova Memphis, which are both signed on as existing investors. The money comes as Beta Hatch is eyeing the expansion of its flagship farm in Cashmere, Washington.

“We are proud to be a part of building the future of farming as a member of the Washington agricultural community,” founder and CEO Virginia Emery said in a release. “We are excited for our presence in rural America to grow, as we employ and partner with the people in those communities to feed a growing global population.”

The company says the new facility will be the largest of its kind in North America, helping to push Beta Hatch to 10x its current output over the next year. The location is currently powered by renewably sourced energy.

Mealworms have proven intriguing as food sources for food sources, as evidenced by Ÿnsect’s $125 million raise way back in 2019.

News: B2B sales platform Accord adds $1M to seed round

Accord’s application provides shared next steps and milestones for buying and selling teams to align on so that the right people are looped in at the right time.

Accord opened up its previously announced $6 million seed round to accept over $1 million from a group of CEOs and sales leads at companies they are working with to officially launch its business-to-business sales platform.

Brothers Ross and Ryan Rich co-founded the San Francisco-based company in 2019 with Wayne Pan to create a customer collaboration platform that, in the words of CEO Ross Rich, “makes the process of buying and selling suck less.”

The average sales deal can involve 14 people, just on the buyer side, which means teams do a lot of “herding cats” in order to drive consensus on sales, he said.

Instead, Accord’s application provides shared next steps and milestones for buying and selling teams to align on so that the right people are looped in at the right time.

“Our unique approach is helping management and sales, but also helping the buyer, which is how you build a relationship,” Ross Rich explained. “Before COVID, you could go onsite, but now you can’t do that. You also have to adjust to the buyer’s expectations, and with business-to-consumer, everything is ‘now and immediate.’ ”

The company’s target market is technology startups, but Ross Rich said Accord is now attracting interest from medical device companies and others where there is no software that bridges the gap between external parties.

Over the past six months, Accord doubled its team and was approached by multiple companies with acquisition offers. However, just a year-and-a-half into the company Rich said he is not entertaining those kinds of offers just yet.

“We have barely scratched the surface and would be selling ourselves short not having had a swing at it,” he added.

The company decided to focus on non-institutional investors when it raised this uncapped round, opting not to grow the board, Rich said.

Instead, it gathered a group of CEOs and sales leads from companies it works with — people who were getting it and seeing the value, including Mike Murchison, co-founder and CEO of Ada Support, who said via email that Ada’s B2B growth “exploded in part because of our focus on being a true partner — not simply a vendor — to our clients.” He added that Accord made it easy for Ada’s sales teams to offer a collaborative buying process.

Another investor, Stephanie Schatz, one of Accord’s advisors, said via email she got in on the round due to Ross Rich having “all the right ingredients for a successful founder,” and the product, which she said was taking into account how people want to buy.

“Ross has intelligence, drive, passion, vision and charisma, but on top of that, I have found that he has excellent instincts for leading a team and building a generational company,” she added. “Accord offers CEOs and sales leaders the opportunity to build a high-performing sales team from the very beginning that truly puts customers at the center.”

The new funding will go toward the general launch of the platform and adding to its team of 13. Rich expects a Series A round to quickly follow.

 

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