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News: Toyota taps Apex.AI for its autonomous vehicle operating system

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Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo

Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo XC40 Recharge and the Ford Mustang Mach-E. 

Apex.AI, a startup founded by Bosch veterans and automated systems engineers Jan Becker and Dejan Pangercic, has spent four years rewriting the robot operating system that will give automakers the tools to integrate software within the vehicle and make sure all the applications run reliably. Now, freshly armed with a safety certification that validates its software development kit (SDK) is sophisticated enough to be used in production vehicles, Apex.AI has landed Toyota and Japanese tech startup Tier IV as partners.

Toyota’s Woven Planet Group is integrating the Apex.OS SDK into its own vehicle development platform, called Arene. The Apex SDK will handle the safety-critical applications and aims to speed up autonomous software development and ultimately bring it to production vehicles. In a separate deal announced Wednesday, Tier IV, a startup in Japan known as the original creator of open-source software for autonomous driving, called Autoware, said it will use Apex.AI’s software stack for safety-critical autonomous systems.

“A trend that has become obvious in the past year, is in order to beat Tesla, car companies are aiming for what they call a software-defined vehicle,” Becker said in a recent interview. Automakers are moving away from distributing 100 electric control units (computers) throughout a vehicle and instead are having just a few high-performance computers with all the functions being implemented by the software, Becker explained.

That shift might mean hundreds or even thousands of software developers might be working on one vehicle. “And that really only works if they are all using the same interface, and not in silos,” Becker said. “And this is exactly what this SDK now enables. So it’s the first time, with Apex.OS that there’s this common abstraction layer or SDK, which can address practically all functions in a vehicle.”

Apex’s toolkit has attracted the attention of private and strategic investors. In 2018, the company raised a Series A round of $15.5 million. Since then, the company has taken strategic investment from Airbus, JLR’s InMotion Ventures, Toyota and Volvo Group. Becker wouldn’t disclose the amounts of those investments, but noted the company is now raising for a Series B.

The roots of Apex.OS are the open-source Robot Operating System known as ROS that is commonly used for R&D projects and the development of autonomous vehicles. Apex’s aim was to rewrite the code to handle functional safety and real-time processing. The SDK was recently certified by TÜV NORD for functional safety. This means the technology is verified for use in production vehicles.

It was a longstanding belief that open-source code was not certifiable, according to Becker. The company spent a year working on the certification.

“If a software crash happens on your laptop it’s inconvenient, but if software crashes in any safety-critical function of a vehicle it can be catastrophic,” Becker said. “This is why we set out to write reliable software that protects against system crashes or operation failures. The certification proves we accomplished our goal as our software targets failure rates so low that they cannot be expressed statistically.”

News: Gay dating site Manhunt hacked, thousands of accounts stolen

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Manhunt, a gay dating app that claims to have 6 million male members, has confirmed it was hit by a data breach in February after a hacker gained access to the company’s accounts database. In a notice filed with the Washington attorney general’s office, Manhunt said the hacker “gained access to a database that stored

Manhunt, a gay dating app that claims to have 6 million male members, has confirmed it was hit by a data breach in February after a hacker gained access to the company’s accounts database.

In a notice filed with the Washington attorney general’s office, Manhunt said the hacker “gained access to a database that stored account credentials for Manhunt users,” and “downloaded the usernames, email addresses and passwords for a subset of our users in early February 2021.

The notice did not say how the passwords were scrambled, if at all, to prevent them from being read by humans. Passwords scrambled using weak algorithms can sometimes be decoded into plain text, allowing malicious hackers to break into their accounts.

Following the breach, Manhunt force-reset account passwords began alerting users in mid-March. Manhunt did not say what percentage of its users had their data stolen or how the data breach happened, but said that more than 7,700 Washington state residents were affected.

The company’s attorneys did not reply to an email requesting comment.

But questions remain about how Manhunt handled the breach. In March, the company tweeted that, “At this time, all Manhunt users are required to update their password to ensure it meets the updated password requirements.” The tweet did not say that user accounts had been stolen.

Manhunt was launched in 2001 by Online-Buddies Inc., which also offered gay dating app Jack’d before it was sold to Perry Street in 2019 for an undisclosed sum. Just months before the sale, Jack’d had a security lapse that exposed users’ private photos and location data.

Dating sites store some of the most sensitive information on their users, and are frequently a target of malicious hackers. In 2015, Ashley Madison, a dating site that encouraged users to have an affair, was hacked, exposing names, and postal and email addresses. Several people died by suicide after the stolen data was posted online. A year later, dating site AdultFriendFinder was hacked, exposing more than 400 million user accounts.

In 2018, same-sex dating app Grindr made headlines for sharing users’ HIV status with data analytics firms.

In other cases, poor security — in some cases none at all — led to data spills involving some of the most sensitive data. In 2019, Rela, a popular dating app for gay and queer women in China, left a server unsecured with no password, allowing anyone to access sensitive data — including sexual orientation and geolocation — on more than 5 million app users. Months later, Jewish dating app JCrush exposed around 200,000 user records.

Read more: 

• Rela, a Chinese lesbian dating app, exposed 5 million user profiles
• Jewish dating app JCrush exposed user data and private messages
• Security flaw in Grindr exposed locations to third-party service
• A security flaw in Grindr let anyone easily hijack user accounts
• Grindr on the hook for €10M over GDPR consent violations

Know something, say something. Send tips securely over Signal and WhatsApp to +1 646-755-8849. You can also send files or documents using our SecureDrop. Learn more. 

News: Amazon’s latest Echo Buds are a shameless Apple knock-off

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This is Amazon’s latest hardware product: The redesigned Alexa earbuds. TechCrunch covered the announcement here, where the specs and capabilities are listed. I’m sure they work fine, too, but the case design is a blatant rip-off of Apple’s AirPod Pros. This is just lazy. Amazon has a long history of selling and promoting lookalikes, copycats,

This is Amazon’s latest hardware product: The redesigned Alexa earbuds. TechCrunch covered the announcement here, where the specs and capabilities are listed. I’m sure they work fine, too, but the case design is a blatant rip-off of Apple’s AirPod Pros.

This is just lazy.

Amazon has a long history of selling and promoting lookalikes, copycats, and clones of other products. Likewise, the retailer sued third-party sellers for doing the same thing. Amazon also has been accused of investing in companies and later producing clones of the products. In 2020 CEO Jeff Bezos testified on this subject in front of a congressional hearing where he couldn’t guarantee the company would end this process. Often the products Amazon copies come from small startups without the resources to fight a giant like Amazon.

Last month California-based Peak Design took to YouTube to protest Amazon’s unabashed copy of one of Peak’s top products. As Peak points out, Amazon’s take is a cheap knockoff made from lower quality materials and without Peak Design’s ethical manufacturing. The video quickly went viral, amassing over 4.5 million hits and highlighting Amazon’s shady practices.

For the latest Echo Buds, Amazon copied a market leader instead of a small startup. To recap, Amazon, a company worth over a trillion dollars, just released a product that looks essentially identical to a top-selling product from Apple, a company worth 2 trillion dollars.

The Echo Buds are much less expensive than Apple’s $250 AirPod Pros, too. The standard Echo Buds costs $100, and the version with wireless charging runs $120. It’s important to note the wireless buds themselves do not look like AirPods. Amazon only copied the ubiquitous AirPod Pro case.

The consumer is the loser here. With more resources than many countries, Amazon can produce world-class products, yet it decided to copy a rival’s market-leading product. In the end, it’s easier (and cheaper) to follow trends than become a trendsetter.

Peak Design takes on Amazon

News: I can’t believe it’s not meat! Mycelium meat replacement company aims for summer launch of first products

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Meati, a company turning mycelium (the structural fibers of fungi) into healthier meat replacements for consumers, is prepping for a big summer rollout. Co-founder Tyler Huggins expects to have the first samples of its whole-cut steak and chicken products in select restaurants around the country — along with their first commercial product, a jerky strip.

Meati, a company turning mycelium (the structural fibers of fungi) into healthier meat replacements for consumers, is prepping for a big summer rollout.

Co-founder Tyler Huggins expects to have the first samples of its whole-cut steak and chicken products in select restaurants around the country — along with their first commercial product, a jerky strip.

For Huggins, the product launch is another step on a long road toward broad commercial adoption of functional fungi foods as a better-for-you alternative to traditional meats.

“Use this as a conversation starter. About 2 ounces of this gives you 50% of your protein; 50% of your fiber; and half of your daily zinc. There really is nothing that can compare to this product in terms of nutritionals,” Huggins said. 

And moving from meat to mushrooms is a better option for the planet.

Meati expects to turn on its pilot plant this summer and is joining a movement among mushroom fans that includes milk replacements, from Perfect Day, more meat replacements from Atlast, and leather substitutes from Ecovative and MycoWorks.

“We’re definitely all in this together,” said Huggins of the other mob of mycelium-based tech companies bringing products to market.

However, not all mycelium is created equally, Huggins said. Meati has what Huggins said was a unique way of growing its funguses (not a real word) that “keep it in its most happy state.” That means peak nutritional content and peak growth efficiency, according to the company.

For Huggins, whose parents own a bison ranch and who grew up in cattle country, the goal is not to replace a t-bone or a ribeye, but the cuts of meat and chicken that find their ways into a burrito supreme or other quick serve meat cuts.

Rendering of Meati mushroom meats in a Banh Mi. Image Credit: Meati

“Head to head with that kind of cut, we win,” Huggins said. “I’d rather pick a fight there now and buy ourselves some time. I don’t think we’re going to go super high-end to start.”

That said, the company’s cap table of investors already includes some pretty heady culinary company. Acre Venture Partners (which counts Sam Kass — President Barack Obama’s Senior Policy Advisor for Nutrition Policy, Executive Director for First Lady Michelle Obama’s Let’s Move! campaign, and an Assistant Chef in the White House — among its partnership) is an investor. So is Chicago’s fine dining temple, Alinea.

But Huggins wants Meati to be an everyday type of meat replacement product. “I want to make sure that people think this is an every day protein,” Huggins said.

Meati thinks its future meat replacements will be cost competitive with conventional beef and chicken, but to whet consumers’ appetites, the company is starting with jerky.

“Meati’s delicious jerky,” said Huggins. “It provides this blank canvas. We’ll start with these beef jerky like flavors. But I want to come out of the gate and say that we’re mycelium jerky.”

The company currently has 30 people on staff led by Huggins and fo-founder Justin Whiteley. The two men initially started working on Meati as a battery replacement. Based on their research (Huggins with mycelium and Whiteley with advanced batteries) the two men received a grant for a mycelium-based electrode for lithium ion batteries.

“We were trying to tweak the chemical composition of the mycelium to make a better battery. What we found was that we were making something nutritious and edible,” said Huggins.

Also… the battery companies didn’t want it.

Now, backed by $28 million from Acre, Prelude Ventures, Congruent Ventures and Tao Capital, Meati is ready to go to market. The company also has access to debt capital to build out its vast network of mycelium growing facilities. It’s just raised a $18 million debt round from Trinity and Silicon Valley Bank.

“Two years ago … most companies in this space … there wasn’t this ability to take on debt to put steel in the ground,” said Huggins. “It’s an exciting time to be in food tech given that you can raise VC funding and there’s this ready available market for debt financing. You’ll start seeing faster and more rapid development because of it.”

Meati co-founders Tyler Huggins and Justin Whiteley. Image Credit: Meati

News: Inside the US’ epic first-quarter venture capital results

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We’re diving into the data with help from Sarah Kunst of Cleo Capital, Jenny Lefcourt of Freestyle Capital, Iris Choi of Floodgate and Laela Sturdy of CapitalG.

It’s no surprise that the venture capital market was incredibly active in the United States during the first quarter of 2021, but precisely how strong has only recently become clear. This morning, we’re digging into the data.

According to a report from PitchBook, venture capitalists unleashed a wave of capital in the first three months of the year. So much, in fact, that funding in the United States nearly doubled compared to the same quarter of 2020.

We’ll dig into specific numbers and trends regarding aggregate venture capital results in a moment, but what stood out the most while digesting the Q1 dataset was how strong VC results appeared across different states; a solo late-stage boom the quarter was not.

Seed deal volume appeared strong and early-stage venture capital activity could reach new highs in 2021, but late-stage venture capital activity in the United States is already setting records in both deal count and invested dollars.

The Exchange explores startups, markets and money.

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We’ll parse the headline numbers and then dive into seed and super late-stage data with the help of Sarah Kunst of Cleo Capital, Jenny Lefcourt of Freestyle Capital, Iris Choi of Floodgate and Laela Sturdy of CapitalG.

With their help, we’ll contextualize the numbers and weave anecdotal observations into what the charts and graphs tell us. Especially in the case of seed data, which is famously laggy, added context is crucial. Let’s go!

A Q1 overview

According to PitchBook’s report, some 3,987 venture capital rounds were closed in the United States during Q1 2021. Those deals were worth $69 billion, a figure up nearly 93% from 2020’s first-quarter results.

In broad strokes, the United States had a crushing venture capital start to the new year, pandemic be damned. That is especially true when we consider 2020’s full-year figures. Last year, venture capitalists deployed some $166 billion into U.S.-based startups across 12,546 rounds. In contrast, if the first quarter’s pace was maintained during the rest of 2021, the United States would see around 16,000 rounds worth around $280 billion.

Of course, we cannot see the future, so those projections are merely shared to underscore how active the first quarter proved to be; we’ll have to wait for at least another quarter’s data to confidently predict full-year records for 2021.

Powering the rapid start to the venture capital year was a holistic boom: Seed deal volume is forecasted to have set a multi-year high, perhaps matching the historically strong Q2 2018 period. Early-stage venture capital during Q1 2021 was also robust, with $14.5 billion deployed across 1,170 rounds. Both numbers set a pace for fresh records in 2021.

And then there was late-stage dealmaking, which soared in the first quarter. In 2020, late-stage venture capital deals were worth $111.4 billion raised from 3,504 rounds. In the first quarter of 2021, some $51.9 billion was invested into late-stage startups across 1,291 deals.

Valuations and round sizes continued to rise across the board. If there was a better time to raise a big whack of venture capital as a U.S.-based startup, we cannot recall it. And the data seems to scream that the good times are now as good, or gooder, than ever.

News: Astranis raises $250M at a $1.4B valuation for smaller, cheaper geostationary communications satellites

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Space startup Astranis has raised a $250 million Series C round to provide it with a capital injection to help scale manufacturing of its unique MicroGEO satellites — geostationary communications satellites that are much smaller than the typical massive, expensive spacecraft used in that orbital band to provide communications and connectivity to specific points on

Space startup Astranis has raised a $250 million Series C round to provide it with a capital injection to help scale manufacturing of its unique MicroGEO satellites — geostationary communications satellites that are much smaller than the typical massive, expensive spacecraft used in that orbital band to provide communications and connectivity to specific points on Earth.

The Astranis Series C was led by BlackRock-managed funds, and includes participation from a host of new investors including Baillie Gifford, Fidelity, Koch Strategic Platforms and more. Existing investors including Andreessen Horowitz, Venrock, and more also chipped in, with the raise valuing the company at $1.4 billion post-money.

This brings the total funding raised by Astranis to over $350 million, including both equity and debt financing. Astranis got started only in 2016, and was part of the YC Winter 2016 cohort. While a lot of other companies are looking to build satellite constellations in low-Earth orbit to provide low-cost broadband on Earth, Astranis, led by co-founder and CEO John Gedmark, is focused on the GEO band, where the large legacy communications satellites currently operate, orbiting the Earth at a fixed position and providing connectivity to a set area on Earth.

Gedmark has told me previously that the company’s offering is very different from the LEO constellations being put up and operated by companies including SpaceX, because they’re essentially a much more targeted, nimble solution that works with existing ground infrastructure. Customers who have a specific regional need for connectivity can get Astranis to put one one up at a greatly reduced cost compared to a traditional GEO communications satellite, and do so to replace or upgrade aging existing satellite network infrastructure, for example.

It’s worth noting that BlackRock, which led this round, has also been a key participant in the PIPE components of high-profile space startup SPACs like launcher company Astra’s. Not saying that’s the exit plan this round is setting up, but definitely something to think about.

News: Creatively raises $5M to help creative professionals showcase and find work

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Creatively — a startup that helps designers, photographers, illustrators and other creative professionals showcase their work and find their next job — is announcing that it has raised in $5 million. Founded by Stacey Bendet (founder and CEO of fashion company Alicia + Olivia) and Joe Indriolo (who also serves as Creatively’s chief product officer),

Creatively — a startup that helps designers, photographers, illustrators and other creative professionals showcase their work and find their next job — is announcing that it has raised in $5 million.

Founded by Stacey Bendet (founder and CEO of fashion company Alicia + Olivia) and Joe Indriolo (who also serves as Creatively’s chief product officer), the startup launched last May.

At the time, CEO Greg Gittrich emphasized the customizability of its creative portfolios, allowing each user to showcase their work in different ways. Potential employers, meanwhile, post creative jobs, and after a job has been completed on the platform, it can become the next piece in the artist’s portfolio.

The startup says there are now more than 125,000 creatives on the platform, while 650 companies (including HBO, Tom Ford, SKIMS, Nickelodeon, Ro, CNN and The Gap) have used it to recruit.

Gittrich told me via email that he’s been surprised by “the breadth of talent and variety of disciplines” on the platform, which includes “photographers like Emmanuel Sanchez Monsalve and Derrick Ofosu Boateng, creative directors like Kameron Mack and Eric Alexander Franklin, illustrators and animators like Tara Jacoby and Mulan Fu, visual artists like King Kesia and Bryane Broadie, and designers like KidSuper and Aziza-Abdullah Nicole.” He also pointed to the popularity of the free Creatively Classes.

“We originally envisioned Classes as a one-time virtual event for October,” Gittrich said. “But the number of sign-ups and the engagement for the first slate of instructors was so overwhelming that we made Classes into a monthly series. All the classes are taught by experienced creatives in our community and they’re designed to give our community the skills, mentorship and inspiration they need to succeed.”

The seed round was led by Link Ventures. (Previous investors include Michael Eisner’s Tornante Company and Shari Redstone’s Advancit Capital.) This investment also connects Creatively to the firm’s incubator Cogo Labs, which will help the startup grow revenue and lower customer acquisition costs.

In a statement, Link Ventures Managing Director Lisa Dolan described Creatively as “LinkedIn for the creative world.”

“Today’s job market needs Creatively,” she continued. “Businesses are looking to recruit creatives directly, but lack the network and resources to find qualified, diverse talent. Creatively changes that. Their growth in less than a year is very impressive, and we’re excited to be a part of the team.”

News: PlexTrac raises $10M Series A round for its collaboration-centric security platform

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PlexTrac, a Boise, ID-based security service that aims to provide a unified workflow automation platform for red and blue teams, today announced that it has raised a $10 million Series A funding round led by Noro-Moseley Partners and Madrona Venture Group. StageDot0 ventures also participated in this round, which the company plans to use to

PlexTrac, a Boise, ID-based security service that aims to provide a unified workflow automation platform for red and blue teams, today announced that it has raised a $10 million Series A funding round led by Noro-Moseley Partners and Madrona Venture Group. StageDot0 ventures also participated in this round, which the company plans to use to build out its team and grow its platform.

With this new round, the company, which was founded in 2018, has now raised a total of $11 million, with StageDot0 leading its 2019 seed round.

PlexTrac CEO and President Dan DeCloss

“I have been on both sides of the fence, the specialist who comes in and does the assessment, produces that 300-page report and then comes back a year later to find that some of the critical issues had not been addressed at all.  And not because the organization didn’t want to but because it was lost in that report,” PlexTrac CEO and President Dan DeCloss said. “These are some of the most critical findings for an entity from a risk perspective. By making it collaborative, both red and blue teams are united on the same goal we all share, to protect the network and assets.”

With an extensive career in security that included time as a penetration tester for Veracode and the Mayo Clinic, as well as senior information security advisor for Anthem, among other roles, DeCloss has quite a bit of first-hand experience that led him to found PlexTrac. Specifically, he believes that it’s important to break down the wall between offense-focused red teams and defense-centric blue teams.

Image Credits: PlexTrac

“Historically there has been more of the cloak and dagger relationship but those walls are breaking down– and rightfully so, there isn’t that much of that mentality today– people recognize they are on the same mission whether they are internal security team or an external team,” he said. “With the PlexTrac platform the red and blue teams have a better view into the other teams’ tactics and techniques – and it makes the whole process into an educational exercise for everyone.”

At its core, PlexTrac makes it easier for security teams to produce their reports — and hence free them up to actually focus on ‘real’ security work. To do so, the service integrates with most of the popular scanners like Qualys, and Veracode, but also tools like ServiceNow and Jira in order to help teams coordinate their workflows. All the data flows into real-time reports that then help teams monitor their security posture. The service also features a dedicated tool, WriteupsDB, for managing reusable write-ups to help teams deliver consistent reports for a variety of audiences.

“Current tools for planning, executing, and reporting on security testing workflows are either nonexistent (manual reporting, spreadsheets, documents, etc…) or exist as largely incomplete features of legacy platforms,” Madrona’s S. Somasegar and Chris Picardo write in today’s announcement. “The pain point for security teams is real and PlexTrac is able to streamline their workflows, save time, and greatly improve output quality. These teams are on the leading edge of attempting to find and exploit vulnerabilities (red teams) and defend and/or eliminate threats (blue teams).”

News: Instagram’s new test lets you choose if you want to hide ‘Likes,’ Facebook test to follow

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Instagram today will begin a new test around hiding Like counts on users’ posts, following its experiments in this area which first began in 2019. This time, however, Instagram is not enabling or disabling the feature for more users. Instead, it will begin to explore a new option where users get to decide what works

Instagram today will begin a new test around hiding Like counts on users’ posts, following its experiments in this area which first began in 2019. This time, however, Instagram is not enabling or disabling the feature for more users. Instead, it will begin to explore a new option where users get to decide what works best for them — either choosing to see the Like counts on others’ posts, or not. Users will also be able to turn off Like counts on their own posts, if they choose. Facebook additionally confirmed it will begin to test a similar experience on its own social network.

Instagram says tests involving Like counts were deprioritized after Covid-19 hit, as the company focused on other efforts needed to support its community. (Except for that brief period this March where Instagram accidentally hid Likes for more users due to a bug.)

The company says it’s now revisiting the feedback it collected from users during the tests and found a wide range of opinions. Originally, the idea with hiding Like counts was about reducing the anxiety and embarrassment that surrounds posting content on the social network. That is, people would stress over whether their post would receive enough Likes to be deemed “popular.” This problem was particularly difficult for Instagram’s younger users, who care much more about what their peers think — so much so that they would take down posts that didn’t receive “enough” Likes.

In addition, the removal of Likes helped reduce the sort of herd mentality that drives people to like things that are already popular, as opposed to judging the content for themselves.

But during tests, not everyone agreed the removal of Likes was a change for the better. Some people said they still wanted to see Like counts so they could track what was trending and popular. The argument for keeping Likes was more prevalent among the influencer community, where creators used the metric in order to communicate their value to partners, like brands and advertisers. Here, lower engagement rates on posts could directly translate to lower earnings for these creators.

Both arguments for and against Likes have merit, which is why Instagram’s latest test will put the choice back into users’ own hands.

This new test will be enabled for a small percentage of users globally on Instagram, the company says.

If you’ve been opted in, you’ll find a new option to hide the Likes from within the app’s Settings. This will prevent you from seeing Likes on other people’s posts as you scroll through your Instagram Feed. As a creator, you’ll be able to hide Likes on a per-post basis via the three-dot “…” menu at the top. Even if Likes are disabled publicly, creators are still able to view Like counts and other engagements through analytics, just as they did before.

The tests on Facebook, which has also been testing Like count removals for some time, have not yet begun. Facebook tells TechCrunch those will roll out in the weeks ahead.

Making Like counts an choice may initially seem like it could help to address everyone’s needs. But in reality, if the wider influencer community chooses to continue to use Likes as a currency that translates to popularity and job opportunities, then other users will continue to do the same.

Ultimately, communities themselves have to decide what sort of tone they want to set, preferably from the outset — before you’ve attracted millions of users who will be angry when you later try to change course.

There’s also a question as to whether social media users are really hungry for an “Like-free” safer space. For years we’ve seen startups focused on building an “anti-Instagram” of sorts, where they drop one or more Instagram features, like algorithmic feeds, Likes and other engagement mechanisms, such as Minutiae, Vero, Dayflash, Oggl, and now, newcomers like troubled Dispo, or under-the-radar Herd. But Instagram has yet to fail because of an anti-Instagram rival. If anything is a threat, it’s a new type of social network entirely, like TikTok –where it should be noted getting Likes and engagements is still very important for creator success.

Instagram didn’t say how long the new tests would last or if and when the features would roll out more broadly.

“We’re testing this on Instagram to start, but we’re also exploring a similar experience for Facebook. We will learn from this new small test and have more to share soon,” a Facebook company spokesperson said.

News: Large-scale CO2 removal startup Carbo Culture raises $6.2M Seed led by True Ventures

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Carbo Culture — a startup that has scaled an industrial process to create large-scale CO2 removal using woody waste from agriculture and forests — has raised $6.2 million in seed a financing round led by Silicon Valley VC True Ventures. The round was co-led by European early-stage venture firm Cherry Ventures. Swiss climate investor Übermorgen Ventures

Carbo Culture — a startup that has scaled an industrial process to create large-scale CO2 removal using woody waste from agriculture and forests — has raised $6.2 million in seed a financing round led by Silicon Valley VC True Ventures. The round was co-led by European early-stage venture firm Cherry Ventures. Swiss climate investor Übermorgen Ventures also participated. The new funding will be used to grow the team, product development, and build one of Europe’s largest carbon removal facilities. 

Energy from the sun creates photosynthesis in plants and turning CO2 into plant matter that eventually decomposes and re-enters the atmosphere. Carbo Culture mimics this existing process, it just makes it much, much faster.

Carbo Culture describes its process as an “ultra-rapid conversion” where woody residues are turned into functional biocarbons at an extremely high temperature. The process then “locks” the carbon into a sort of charcoal that won’t degrade for 1,000 years.

As well as removing CO2 from the wood, the whole process of generating this biocarbon from the wood waste generates renewable heat which can literally be used to heat homes or drive turbines to make electricity. The left-over biocarbon product can be used in biomaterials or environmental engineering, and could replace other polluting materials or be used in gasifiers, reducing greenhouse-gas emissions or perhaps in agriculture to improve soil health.

Thus, the startup sells two things as its main products: carbon removal credits and the biocarbon itself.

CEO and co-founder Henrietta Moon said in a statement: “We have this race against time to sequester billions of tons of carbon, and we’re not fully even utilizing one of the largest drawdown mechanisms in the world, the natural carbon cycle. At Carbo Culture, we’re tapping into it with a breakthrough technology that uses the already drawn down carbon in biomass and converts it for storing away for millennia.”

Toni Schneider, partner at True Ventures said: “We believe venture capital should play a greater role in creating a sustainable planet, and Carbo Culture has so many of the right ingredients for solving one of earth’s most pressing problems. Demand for carbon capture is rising, and meeting this demand will require some reimagining. Henrietta and her team have the experience, technology, passion, and palpable vision to turn this big idea into a truly impactful one.”

Sophia Bendz, partner at Cherry Ventures said: “Carbo Culture has created one of the most effective negative emissions technologies through their patented technology and I can’t wait for them to scale up and remove significant amounts of carbon from the atmosphere. Henrietta, Chris, and their entire team have the inventiveness, technological know-how, and grit required to both scale and, most importantly, succeed in tackling the larger climate issues affecting us all. We are beyond excited to partner with this brilliant team and support them on their mission to remove CO2.”

Carbo Culture’s competitors include Climeworks (raised $145m) Carbon Engineering, CarbFix, Charm Industrial and CarboFex.

CTO and co-founder Christopher Carstens said: “We’ve managed to scale up production capacity 8x in volume, develop the system further, and begin testing with private labs, customers and universities. We’re now running our shipping container scale pilot plant in California’s Central Valley, where we can process over 200lbs of biomass per hour.”

The co-founders met at Singularity University’s 3-month program in 2013 at the Nasa Ames Research Center.

The underlying technology has been licensed from the Univerity of Hawaii, but, say the founders, it has been independently verified by Puro.earth, a carbon-negative marketplace

The startup recently announced its first large-scale (pre) purchase of carbon removal credits by South Pole.

Moon added: “Our cost to remove carbon is currently at above $600 per CO2 ton, and we’re aiming to drive the cost to $400 by the end of next year, and looking to achieve $200 by 2024. We’re building a scaled-up facility in the next 18 months, and it will become one of Europe’s largest carbon removal facilities.”

Carbo Culture’s additional investors include Albert Wenger, Gold&Green Foods Founder Maija Itkonen, VP at Geltor Alex Patist,  alongside existing investors such as David Helgason, Moaffak Ahmed, Lifeline Ventures, and Paul and Dan Bragiel.

The vast majority of scientists believe the planet must curb CO2 emissions and remove carbon from the atmosphere at the same time, reaching net-zero emissions by 2050m for global warming to stay below 2C and void catastrophic climate effects.