Lighthouse is launching a new home security camera powered by voice commands and artificial intelligence. It lets you ask who was jumping around in the living room after you find a broken vase on the floor. And it will tell you if there’s a burglar in your home or if it’s just one of the kids getting milk at night.
Palo Alto, California-based Lighthouse hopes to be the first to bring real smarts to the home security camera business, which is expected to grow 11 percent a year globally to $8 billion by 2023, according to research by Market Research Future. Most home security cameras are connected to Wi-Fi and smartphones, but they can still be pretty dumb about sending alerts to you when a cat walks by the camera. Lighthouse considers its product more like the Alexa of security cameras, with built-in computer vision, voice controls, and AI.
“We see a lot of camera companies out there,” said Lighthouse CEO Alex Teichman, in an interview with VentureBeat. “We don’t see AI companies. There are plenty of camera manufacturers, but this is a different thing. We are an AI services company that makes hardware to support the AI.”
Teichman and chief technology officer Hendrik Dahlkamp started the company in early 2015 in the Playground accelerator started by Android creator Andy Rubin. Both Teichman and Dahlkamp had backgrounds in self-driving cars. They watched the rapid rise of Apple’s Siri and Amazon’s Alexa, and they thought to apply the natural language voice recognition to security cameras.
But they also noticed the trend toward 3D sensing through inexpensive sensors known as time-of-flight sensors, which have been used in Microsoft’s Kinect 2.0 cameras for video game consoles. They created a camera with the new technologies as well as night vision, a wide field of view, and computer vision.
In a demo, Jessica Gilmartin, chief marketing officer at Lighthouse, showed how she monitors her home with two Lighthouse cameras, including one that watches the front door and living room. Each camera is always recording, but it only actively stores video when it senses motion. Gilmartin can ask the camera to show the highlights of the day, and she can see various incidents where motion triggered the camera.
Gilmartin showed how the dog walker came into the front door and took the dog out for a walk. It can identify the people in the house through face recognition, but also by physical features such as height. That way, it can identify people such as dog walkers, nannies, babysitters, and your family members by names that you give them.
In the videos, people show up in blue outlines, and pets show up in orange. Lighthouse senses objects and sends that data to the cloud, where the heavy-duty analysis is done by a neural network, which gets better over time.
“I have young kids, and I can check on what they are up to,” Gilmartin said. “I can ask Lighthouse, ‘What did my kids do while Dana was there and I was gone?’”
Lighthouse is smart enough to show the right moments in the day, based on such requests.
You can distinguish between kids and burglars, strangers and friends, and pets or other animals. If the device is stolen, the crime will likely be captured on video, which is stored in the cloud. Customers can search through 30 days of motion-activated videos.
“We record and save everything with physical motion,” Teichman said.
Lighthouse charges $300 for the camera and $10 a month for the storage and AI services.
Of course, some people, such as teenagers, won’t like this technology, as it can be used to spy on them. Teichman said the company uses encryption, and it has privacy controls. He said no one at Lighthouse ever sees your data, and you can set the camera to turn off when people come home. Most beta users have not done that, however. And so far, the beta testers have discovered one burglary through Lighthouse.
Lighthouse uses a lot of power, particularly because of its 3D sensor, and so it has to be plugged into a wall. It is not intended for outdoor use.
The company has 35 employees.
“We are excited about the home security camera launch, but we have a lot of interest in the vision platform,” Teichman said. “We are excited about elderly care. For me this comes back to our mission to make useful and accessible home products. We are not restricted to the home or computer vision.”
Plus, Coinbase is hiring a CFO, Uber rolls out a new ride-sharing service today, and don’t give up hope — The Enlightenment is working.
Social media has been a dark place since 17 people were killed at a Florida high school last week. Twitter is going out of its way to verify accounts of some of the most publicly outspoken student survivors of the Parkland shooting. YouTube and Facebook removed some of the conspiracy videos claiming that survivor David Hogg was a “crisis actor,” but in many cases, the videos had already been promoted in the “trending news” section of both services. Meanwhile, the father of an 18-year-old girl killed in the shooting made an impassioned plea to President Trump at the White House to act quickly to protect children in the country’s schools. [Kurt Wagner / Recode]
Coinbase is hiring a CFO in what would be a big move for the cryptocurrency platform’s growth plans — and often a sign that a business is eyeing an IPO. Other expected hires include vice presidents to handle communications and corporate development. Coinbase continues to fend off late-stage investors who want to buy existing shares, despite the company’s recent warning to knock it off. [Theodore Schleifer / Recode]
Uber is rolling out a cheaper version of its UberPool ride-sharing service. Called Express Pool, the service is now available in San Francisco, Boston, Los Angeles, San Diego and Denver and will launch today in Miami, Philadelphia and Washington, D.C. Riders are required to walk a little to meet their driver — and then again to their destination after being dropped off; Uber thinks this will make shared rides more efficient. [Johana Bhuiyan / Recode]
WhatsApp co-founder Brian Acton is putting $50 million of his own money into the Signal encrypted messaging app, the security industry’s gold standard for surveillance-resistant communications. Acton also announced the launch of the tech nonprofit Signal Foundation, which will build and maintain Signal and potentially other privacy-focused apps. [Andy Greenberg / Wired]
Reporting mixed Q4 financial results yesterday, Pandora boasted a 63 percent bump in subscription revenue, bringing its yearly total to $97.7 million. The streaming-music pioneer also tallied 5.48 million subscribers, a 25 percent year-over-year increase. The company said it will invest $45 million into new growth initiatives like ad-tech, non-music content, device integration and marketing technology, as it continues to build out its “Premium Access” on-demand services to better compete with rivals like Spotify. And Roku posted a blowout 2017 holiday quarter yesterday, thanks largely to a big increase of its licensing and advertising revenue; a dip in hardware revenue spooked investors, sending Roku stock down 20 percent in after-hours trading. [Chloe Aiello / CNBC]
Recode Presents …
For the third year in a row, Recode’s Kara Swisher and Jason Del Rey are gathering some of the brightest e-commerce and retail minds for a night of live journalism at An Evening with Code Commerce, Tuesday, March 20 at The Venetian in Las Vegas. We’ve just announced three of the five speakers you’ll hear from at the three-hour event: Rent the Runway co-founder and CEO Jennifer Hyman, DoorDash founder and CEO Tony Xu and The Cheesecake Factory’s president David Gordon; look for one more Code Commerce speaker announcement next week. These events always sell out, so register today.
Top stories from Recode
Amazon is now worth more than 2.5 Walmarts.
It was worth just two Walmarts last month.
Priceline’s 2005 acquisition of Booking.com has been so transformational that the online travel company is changing its name to Booking Holdings.
Take a look at its stock price since.
Lauren Duca became an internet star overnight. Now, she says she’s “fireproof.”
On the latest episode of Recode Media with Peter Kafka, Duca said she owes her fame (or infamy) to one mega-viral Teen Vogue column and a 10-minute interview with Tucker Carlson on Fox News.
This is cool
Don’t give up hope: The Enlightenment is working.
Yasuhiro Wada has previously espoused his love for “nature, animals, and caring for other people,” which his classic game Harvest Moon clearly expressed. Little Dragons Café seems to tap into the same warm and fuzzy feelings, putting players in charge of running a family restaurant and raising dragons. Wada has teamed up with publisher Aksys Games, and the title will launch sometime this summer for PlayStation 4 and Nintendo Switch.
Little Dragons Café is the story of two children whose mother has fallen into a deep slumber. A mysterious man tells them she’ll only wake up once they’ve successfully raised a dragon. In the meantime, they’ve got to keep the family café running — which means planting crops, fishing, learning recipes, serving food to small-town neighbors.
Aksys founder and CEO Akibo Shieh and Wada are long-time friends, and the two had planned on working on a project together for a while. They’ve been developing Little Dragons Café for two years now. The title is Wada’s first since 2016’s Birthdays the Beginning, a sandbox game about creating and nurturing life.
Apple is preparing a couple of updating models of AirPods, according to Bloomberg. The popular fully wireless earbud-style headphones that Apple introduced last year are currently on track for a refresh in 2018 with the addition of a new version of the “W” line of chips that Apple created specifically to manage and improve Bluetooth-based connections between gadgets. The 2018… Read More
Presented by Intel
Anyone involved in virtual reality over the course of the past few years, whether as a developer of VR, as a user of VR, or simply tracking the industry’s progress, will agree there’s a word they’ve heard a few times too many: Holodeck. The well-trod Star Trek concept has become a threadbare metaphor for a supposed end-point for VR technology.
While aspirational visions serve a purpose, they can also do us disservice. The reality is that we are a very long way from that Holodeck vision and that’s OK. VR is already serving many useful purposes with near-term solutions that don’t attempt to fool all our senses to the point of a complete suspension of disbelief. Most of the industry, it seems, has come to accept this, as have most VR users. We have, collectively, come to terms with the fact that great product solutions can exist in the near term, that deliver some portion of the Holodeck promise, while leaving other portions to the fictions of Star Trek and other sci-fi.
It is surprising then, when looking at augmented reality , that so many believe in the promise of a “Holodeck of AR” — sleek and stylish glasses delivered via hardware and software magic that rather than bringing us to any imaginable universe, instead bring any imaginable augmentation of the senses to our real world. Moreover, many believe this is deliverable in the near-term time horizon.
While solutions spanning the immersive technologies domain (AR, VR) will share dependence on common underlying technologies, augmented reality is in many ways a harder problem. AR can be thought of as a whole bouquet of thorny technical problems, each of which is its own very deep rabbit hole.
As with VR, AR involves an input-output loop that needs to execute sufficiently quickly to fool the conscious and subconscious to a degree where the results seem congruous with the surrounding world and the user’s sense of what seems natural. What’s more, in order to dovetail with the surrounding world, the solution may need to communicate with and draw from surrounding information sources. The sophistication of the processing that the solution may need to perform may vary by use case. And the solution needs to be embodied in something that a user can wear or carry in a manner suitable to their situation.
This is where the challenge becomes apparent. The sheer number of possible inputs and outputs that one can imagine, the depth of each that might be required, the sophistication of the processing that may be required for a given task, and the desired attributes for the embodiment of that solution (price, form factor, etc), make this a boundless problem.
Attributes of AR solutions
For a sampling of the technical challenges facing AR, see the Illustration below, which attempts to present the wide variety of attributes that an AR solution may embody. Titled the ‘Attributes of Augmented Reality , this — while almost certainly incomplete — is meant to illustrate the breadth of challenging problems to address. I’ve divided them into four main areas:
- Sensing: Seeing, hearing, sampling, and otherwise deriving the state of the world surrounding the user.
- Processing: Making sense of all of that data, what it means in the context of the computational tasks, simulations and/or and applications at hand, and making decisions about what to do next.
- Augmenting: Taking the output of this processing and presenting it back to the user’s senses in a way that augments their sense of their environs.
- Embodying: The attributes of the physical manifestation of the device or devices that deliver this solution.
This is an admittedly over-simplified division; and the sub-categories within each area are only a subset, to which many working within the field could add. This, in a way, is the point: Solutions that do ALL of these things, let alone do them well, cheaply, and unobtrusively, are a long way off.
Even more challenging still is the number of problems in the space that are ones for which solutions do not yet even exist. I like to think of the problems as falling within three distinct domains:
Problems at the intersection of power, performance, and time. For those of us that work in Silicon Valley, these are the easiest to understand. For known solutions to problems, they are simply a matter of “how long before Moore’s Law allows us to do this in real-time, within a certain power envelope?”
Problems requiring breakthroughs in science. This is a more challenging category of problems, requiring breakthroughs in limitations of existing technologies — or more often — multiple breakthroughs. Examples in recent years include image-based inside-out 6DOF-tracking, or Waveguide display technologies. Lightfield displays are an example that feels further out on the edge of today’s R&D. While predicting when these problems will be solved is much harder, there’s a certain faith that people in the field have enough smart people in labs around the world working on these problems to make progress in solving them.
Problems requiring breakthroughs in design, user experience, and social norms. I sometimes encounter folks who believe that if we tackle problems in the two above categories, the third category of problems will be resolved in short order. Personally, I think this is the hardest category of the three. We can look at many technology transitions and see that there was a sort of “maximum rate of absorption” at which the design community could adapt to the new paradigm (e.g. the half-decade of attempts at 3-finger swipes, swirly gestures, and other touchscreen UI attempts before the dust settled on what most apps use today on smartphones).
Similarly, there’s an analogous societal component — it takes time for people to get used to intrusions of technology (real or perceived) on their lives. (Google Glass learned this lesson painfully.)
Specialization versus Jack of all trades
Until a point in the far future where we can deliver all of the attributes of AR at extremely high quality, inexpensively, and seamlessly, we’re going to see interim solutions that are forced to make tradeoffs between them. This is a Good Thing. I hold a strong conviction that the path to success in this space is in doing fewer things extremely well, not many things in a compromised fashion.
It’s likely we’ll see AR solutions that tackle particular problems in point solution devices. We’ll see solutions that make compromises on some attributes in order to exceed expectations on others. We’ll see solutions that complement existing screens rather than replace them. And like with VR, we’ll see solutions that leverage the power of existing devices (PCs, game consoles, smartphones, etc.).
Fostering an environment for progress
If we take the view that solutions will need to decide on different tradeoffs for different optimal solutions for particular problems, customer segments or form factors — and that we want many solutions to make attempts at different flavors of AR solutions — then how to encourage this?
The first step is to acknowledge that the “AR Holodeck” is not likely to arrive in the near term, and that interim, specialized solutions are not only OK, but may be preferred. Second is to foster an environment that allows a multitude of solutions to materialize — through open platforms and open standards. Finally, the industry requires collaboration — as entrants solve a problem in one domain, to share that solution with others to allow cross-pollination. Through these kinds of efforts, we may get our “holodeck of AR” eventually, but we’ll have been using AR for years already by the time that happens.
Kim Pallister manages the VR Center of Excellence at Intel. The opinions expressed in this article are his own and not necessarily represent the view of Intel Corporation
 I’m going to avoid getting into the AR/MR nomenclature debate. For purposes of this article and the illustrative Attributes of AR poster – I’m covering the full spectrum of cases where a solution would supplement a user’s environment with spatial elements, regardless of how seamlessly or realistically the solution attempts to integrate them into the environment.
 To give credit where it’s due: I owe thanks to the folks at Ziba Design for helping lay out the design in a far more cohesive way than I originally had it on my whiteboard. Also, a huge thanks to John Manoogian III for his creation of the *brilliant* Cognitive Bias Codex, from which I took inspiration.
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Duca owes her fame (or, in some corners of the internet, infamy) to one column and one 10-minute interview with Tucker Carlson on Fox News.
Towards the end 2016, Lauren Duca was on Fox News for 10 minutes — but that was enough time to completely change her career.
Duca, a journalist/activist who had written a mega-viral essay for Teen Vogue titled “Donald Trump Is Gaslighting America,” which she says is “still true” today. Written over a two-day coffee-and-wine bender, the article’s overnight popularity surpassed every expectation she had.
“I had thought, based on the numbers I’d been taught at HuffPost, that I had ‘gone viral’ before,” Duca said on the latest episode of Recode Media with Peter Kafka. “But my joke about this is it’s like an orgasm: When you know, you know. This was very different.”
Shortly afterwards, she went on Fox for an interview with Tucker Carlson, which devolved into interruptions, shouting and name-calling. The reactions online were swift and, Duca says, “scary for a solid half-hour.”
“First, you hear from the Pepes, the alt-right,” she said. “So, I was worried at first. Once Mediaite picked up the clip, then there was a conversation about it.”
“It’s so amazing, if you look at the clips, the way they’re titled — it’s this beautiful sketch of confirmation bias,” Duca added. “There’s ones where I ‘had a stroke on national television,’ and there’s others where I’m a ‘feminist hero.’ It just depends who makes the video.”
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On the new podcast, Duca said the “Gaslighting” article doubled her Twitter following, and then Carlson doubled it again. The ensuing fame (or infamy) of being a feminist online who was criticizing the Trump administration forced her to think carefully about everything she tweeted and posted.
“I’ve had to refine my views in a really public way this year, so it’s been hard,” Duca said. “There’s danger and there is risk and there are bad-faith efforts to take me down. That’s a level of stress, aside from the death and rape threats, so it’s crazy.”
“I’ve had to be really sure about everything I say and my ethics as a journalist and my political views and the way those things intersect,” she added. “I’m definitely both an activist and a journalist — what does that mean? And I’ve had to do it on a public stage. But I’m really proud and now, I’m fireproof. I’m unshakeable.”
Reflecting on the notorious TV interview now, more than a year later, Duca said she was initially shaken by the intensity of it all — but so were the people behind the scenes at Fox. After the cameras turned off, she made one last dramatic gesture.
“As much as Fox News seems like the enemy, these are all just people working their jobs,” she said. “They were all very uncomfortable. I was like, ‘OK, thank you,’ keeping my head down. And I got to the door and was like, ‘Happy holidays,’ ‘cause it was December 23. Then I was like, ‘I’m at Fox! MERRY CHRISTMAS!’ It was vaguely breakdown-level, like Bill-Murray-in-’Scrooged’-type of screaming.”
If you like this show, you should also sample our other podcasts:
- Recode Decode, hosted by Kara Swisher, is a weekly show featuring in-depth interviews with the movers and shakers in tech and media every Monday. You can subscribe on Apple Podcasts, Spotify, Pocket Casts, Overcast or wherever you listen to podcasts.
- Too Embarrassed to Ask, hosted by Kara Swisher and The Verge’s Lauren Goode, answers all of the tech questions sent in by our readers and listeners. You can hear new episodes every Friday on Apple Podcasts, Spotify, Pocket Casts, Overcastor wherever you listen to podcasts.
- And finally, Recode Replay has all the audio from our live events, such as the Code Conference, Code Media and the Code Commerce Series. Subscribe today on Apple Podcasts, Spotify, Pocket Casts, Overcast or wherever you listen to podcasts.
If you like what we’re doing, please write a review on Apple Podcasts — and if you don’t, just tweet-strafe Peter. Tune in next Thursday for another episode of Recode Media!
Facebook has officially opened its first in-house incubator, which will be housed in the company’s London headquarters.
The company first announced LDN_LAB back in December when it opened its new HQ in the U.K. capital. The incubator will launch three 12-week courses throughout 2018, with seven U.K. startups constituting the inaugural program which kicked off on Monday.
Each three-month program will focus on helping startups grow their business, with the first intake focusing specifically on using technology to build communities.
This feeds into Facebook’s broader mission to help people have more meaningful social interactions, which seemingly involves investing in communities. Indeed, Facebook launched its first Communities Summit in the U.S. last year to bring group and page admins together under one roof, and later expanded it to Europe. A few weeks back, Facebook also pledged up to $10 million in grants for a new community leadership program.
Facebook’s new HQ in London’s West End represents Facebook’s largest engineering hub outside the U.S. and it’s expected to house more than 2,000 employees by the end of 2018.
LDN_LAB is being spearheaded by an advisory panel that includes Facebook EMEA VP Nicola Mendelsohn, with support from London VC firm Bethnal Green Ventures. Participants will gain access to mentoring from “senior Facebook executives” covering elements such as product development, software engineering, data science, and marketing.
“Facebook itself emerged from a vibrant startup ecosystem which enabled us to move fast and innovate,” noted Facebook VP for northern Europe Steve Hatch. “With LDN_LAB, we want to help pave the way for the next generation of startup success stories in London and across the U.K., who will ultimately grow the economy and create jobs.”
The first seven startups, which largely hail from London and which include five female founders, kicked off their participation in the program yesterday by meeting their mentors and pitching their businesses. They include:
- Sharecare: A platform for connecting volunteers with elderly people needing support.
- Teacherly: A collaborative platform for teachers to create and share lesson plans.
- Olio: A network for neighbors to connect with each other and local shops to prevent surplus food from being thrown out.
- Goodgym: A non-for-profit that connects runners with community-based volunteering initiatives.
- Mush: A social network for new mothers.
- Rabble: Gamifying fitness to make it more fun.
- Tabl: An independent food community and marketplace.
The second segment of the program will focus narrowly on content creators from Facebook and Instagram who will be given access to workshops and mentoring, while the third intake, which will begin in August, will invite “community leaders and builders” to participate. It appears this will focus largely on Facebook Groups and Pages admins.
Though LDN_LAB is Facebook’s first in-house incubator, the company has in fact previously ran incubators elsewhere. Last January, for example, it opened an incubator for data-driven startups in Paris’ Station F campus.
PARIS & LONDON & NEW YORK–(BUSINESS WIRE)–February 22, 2018–
Tinyclues, provider of a leading AI-first marketing campaign intelligence solution, today announced the closing of a USD 18 million Series B investment. Lead investor in the round was the EQT Ventures fund (“EQT Ventures”), with participation from existing investors, Alven, Elaia Partners and ISAI.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222005622/en/
Tinyclues announced the closing of a USD 18 million Series B investment (Photo: Business Wire)
The Tinyclues solution uses a unique Deep AI technology that captures the latent business and customer insights contained in first-party data. It then predicts the future buyers for any product or service campaign with incredible accuracy, allowing brands to present highly relevant product offers to highly qualified audiences. Using Tinyclues to reinvent the way they create, target and orchestrate campaigns, Tinyclues customers have secured an outstanding +49% average increase in campaign revenue, in addition to a significant improvement in customer experience.
Backed by EQT Ventures, Tinyclues will further accelerate its already impressive growth in North America and Europe; in 2017, the company more than doubled its annual recurring revenue. The investment will also support an aggressive AI-first product development timetable, further empowering brands to win new sources of revenue from intelligent marketing campaigns.
“Tinyclues is changing the game for B2C marketers by adding an AI-first campaign intelligence layer on top of their campaign management solutions and processes,” said David Bessis, founder and CEO of Tinyclues. “As a result we’ve had a triple-digit annual growth and we’ve been able to seek out a top investor that shares our energy, drive and entrepreneurial spirit.”
Bessis continued: “EQT Ventures provides us not just with capital, but also access to individuals with exceptional technology-business growth experience, eager to help us drive our aggressive plans for international growth and our ambitious product roadmap.”
Tinyclues now powers marketing campaigns for more than 80 enterprise companies including Air France, Arcadia, Cdiscount, Charles Tyrwhitt, Club Med, Fnac Darty, Lacoste, Manor, OUI.sncf and Vente-privee.com.
“Tinyclues is transforming a multi-billion dollar global market with Deep AI expertise and a world-class team,” said Alastair Mitchell, Partner and investment advisor to EQT Ventures. “A huge percentage of sales for brands and retailers comes through promotional campaigns – mostly using manual segmentations or crude lookalike algorithms. AI is transforming this. Tinyclues’ platform automates the targeting of customers and the orchestration of campaigns. As a result, Tinyclues increases campaign revenue for its customers by up to 250%. This is game-changing not just for marketing campaigns, but promises to revolutionize the wider value chain, including retail category management, merchandising and customer communication.”
With the support of EQT Ventures, Tinyclues is moving forward its vision of AI-first marketing solutions, removing the guesswork from campaign marketing and redefining how B2C marketers interact with customers.
“For too long, targeted marketing had to rely on static rules and predefined workflows that forced customers into arbitrary segments. Tinyclues’ AI-first vision means that marketers no longer have to worry about figuring out the right criteria: they can simply input their marketing agendas and business goals, and let the AI compute the best audience for each campaign. Not only does AI maximize business impact and long-term customer engagement, but it also creates a radically new experience for marketers: by assisting them with quantitative aspects, it enables marketers to finally focus on content and strategy. This sets new standards for what marketers can expect from software,” concluded Bessis.
Tinyclues is the leading AI-first Marketing Campaign Intelligence solution enabling companies to generate additional revenue through intelligent campaign targeting and planning. Tinyclues’ solution uses Deep Artificial Intelligence to identify future buyers for any promoted item, even in the absence of recent intent. Companies like Brandalley, Cdiscount, Club Med, Corsair, Fnac, Lacoste, La Redoute, Manor, OUI.sncf, Rue du Commerce, Sarenza, Vente-privee.com, Vestiaire Collective, and more are using Tinyclues to optimize and orchestrate more than 600 million messages per month across channels such as email, mobile push notifications, direct mail, call centers or Facebook to generate quantified and sustainable additional revenue. Tinyclues has been listed as a Vendor to Watch in Gartner’s 2017 Magic Quadrant for Digital Marketing Analytics.
For more information, visit http://www.tinyclues.com
About EQT Ventures
EQT Ventures is a European VC fund with commitments of just over €566 million. The fund is based in Luxembourg and has investment advisors stationed in Stockholm, Amsterdam, London, San Francisco and Berlin. Fuelled by some of Europe’s most experienced company builders, EQT Ventures helps the next generation of entrepreneurs with capital and hands on support. EQT Ventures is part of EQT, a global leading investment firm, with more than 170 investments and 80 exits. EQT has raised approximately EUR 38 billion, and its companies employ c. 110,000 people and have revenues of approximately EUR 19 billion.
Paris-based Alven is an early-stage venture capital firm with over $500 million under management. Alven backs primarily ambitious European entrepreneurs in the digital technology space. Alven’s sectors of interest include notably AI, data-driven platforms, SaaS, security solutions, as well as disruptive consumer models with a particular focus on marketplaces and web brands.
Past or current investments include Algolia, Dataiku, Drivy, Happn, Wit.ai (Facebook), CaptainTrain (Trainline/KKR), Bime Analytics (Zendesk), Frichti, Tinyclues, iAdvize, Peopledoc and Wynd.
About Elaia Partners
Created in 2002, Elaia Partners is an independent Venture Capital firm, focused on the digital economy and deep-tech. Elaia Partners has more than €250m under management and invests in high potential disruptive start-ups from the first financing rounds to the emergence of global leaders. With more than 60 years of cumulated experience in both venture capital and digital industries, the investment team offers a close, proactive and relevant support to its entrepreneurs.
In September 2017, Elaia Partners launched a new line of activities dedicated to pre-seed and tech-transfer vehicles. The first initiative is the structuring of PSL Innovation Fund, together with Paris Sciences & Lettres research university.
Elaia Partners was an early investor in companies such as Sigfox, Mirakl, Criteo, Teads, adomik, Talent.io, Agriconomie, EasyRECrue, Shift Technology, Tinyclues, Orchestra Networks, Agnitio, etc.
Launched in 2010, ISAI is “the” French tech entrepreneurs’ fund gathering more than 200 entrepreneurs across the world. Almost 150 successful entrepreneurs, who have invested in ISAI, and more than 50 startup cofounders supported by ISAI share the collective ambition to write great entrepreneurial stories. ISAI invests in differentiated projects founded by ambitious teams that it rigorously selects and actively supports. ISAI means “different & remarkable” in Japanese. ISAI likes digital business models with a progressive capital intensity: marketplaces, adtech / martech, SaaS / Big Data / AI… With €160M under management, ISAI Gestion, authorized by French regulator AMF, can fund and support high potential companies at early stages (venture capital, €150k to €2M initial ticket with ability to follow on) or at more mature stages (growth equity, €1M to €15M investments).
Tel: +33 (0)6 800 513 80
Tel: +44 (0)755 1289 177
Jason Del Rey and Kara Swisher will be back in Las Vegas to host the March 20 evening event.
For the third year in a row, Kara Swisher and I are gathering some of the brightest e-commerce and retail minds for a night of live journalism at An Evening With Code Commerce during the Shoptalk conference in Las Vegas this March.
The three-hour event, slated for Tuesday, March 20 at The Venetian, will feature Recode’s signature brand of no-BS interviews, as well as a cocktail hour where you’ll get the chance to get to know 200 of your smartest peers.
Today, I’m thrilled to announce three of the five speakers you’ll hear from that evening:
For the last eight years, Rent the Runway co-founder and CEO Jennifer Hyman has built a business that has been trying to sell women on the idea that clothing rental can be an attractive alternative to the buy-and-ditch cycle that can result from the fast-fashion trend.
The company now sells a $159 monthly subscription that offers women a rotating closet of high-end workwear, as well as an $89 monthly subscription with some restrictions in exchange for a more accessible price point. We’ll talk with Hyman about what is and isn’t working with these new business models, and what the future holds for a company that has raised nearly $200 million from investors who eventually want to see a return.
We’ve also invited DoorDash co-founder and CEO Tony Xu and The Cheesecake Factory’s president David Gordon to join us for a discussion about the messy, but giant world of food delivery.
DoorDash is one of a handful of well-funded companies working to figure out how to bring food delivery to the masses profitably. It has tried to differentiate by partnering with more than half of the Top 100 U.S. restaurant chains, including The Cheesecake Factory, Wendy’s and Buffalo Wild Wings.
We’ll challenge Xu on his strategy to outlast big-name competitors like Amazon, Uber and GrubHub, and other upstarts like Postmates. We’ll also dive into the opportunities and challenges facing traditional sit-down restaurants that are trying to navigate this trend.
Look for one more Code Commerce speaker announcement next week. These events always sell out, so register today. See you in March.