Walmart continues M A spree with acquisition of lingerie retailer Bare Necessities

Walmart continues to beef up its portfolio of digital brands, announcing on Friday that it had acquired Bare Necessities, an online retailer of lingerie, swimwear, hosiery and other intimates.

Walmart declined to disclose the terms of the deal.

The lingerie company, founded in 1998, will operate independently of Walmart. Over time, the e-commerce giant says it will make Bare Necessities& products available on Walmart.com, as well as on Jet.com, which Walmart acquired for more than $3 billion in 2016 to bolster its e-commercebusiness.

Walmart has long been one of the most active acquirers of startups and hasn&t slowed down in 2018. Just last week, thecompany announced it would purchasewomenplus-sized clothing brand ELOQUII. Before that, itpaid $225 million for a grocery delivery service called Cornershop and earlier this year, it completed its $16 billion acquisition of Flipkart —its largest M-A play yet.

Walmart to acquire womenplus-size clothing brand ELOQUII

ModCloth,Bonobosand Moosejaw are other Walmart-owned brands, all of which were acquired in 2017.

In a statement, Walmart said Bare Necessities fit into its broader acquisition strategy of buying up &category leaders with specialized expertise and assortment that can help enhance the customer experience.&

As part of the deal, Bare Necessities co-founder and chief executive officer Noah Wrubel will continue to run the company alongside chief operating officer Bill Richardson. Wrubel will also take charge of the intimates category for both Walmart.com and Jet.com. Bare Necessities& 170 employees will continue to run the business out of Edison, N.J., where the company is headquartered.

The global lingerie market is expected to bring in upwards of $60 billion in revenue by 2024, driven in large partby tech-enabled direct-to-consumer businesses& e-commerce sales.

Lively raises $6.5M to bring its comfortable and inclusive lingerie to brick-and-mortar stores

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U.S. lawmakers warn Canada to keep Huawei out of its 5G plans

In a letter addressed to Canadian Prime Minister Justin Trudeau, Senators Mark Warner and Marco Rubio make a very public case that Canada should leave Chinese tech and telecom giant Huawei out of its plans to build a next-generation mobile network.

&While Canada has strong telecommunication security safeguards in place, we have serious concerns that such safeguards are inadequate given what the United States and other allies know about Huawei,& the letter states.The senators warn Canada to &reconsider Huaweiinclusion in any aspect of Canada5G development, introduction, and maintenance.&

The outcry comes after the head of the Canadian Centre for Cyber Security dismissed security concerns regarding Huawei in comments last month. The Canadian Centre for Cyber Security is Canadadesignated federal agency tasked with cybersecurity.

Next generation 5G networks already pose a number of unique security challenges. Lawmakers caution that by allowing companies linked to the Chinese government to build 5G infrastructure, the U.S. and its close allies (Canada, Australia, New Zealand and the U.K.) would be inviting the fox to guard the henhouse.

As part of the Defense Authorization Act, passed in August, the U.S. government signed off on a law that forbids domestic agencies from using services or hardware made by Huawei and ZTE. A week later, Australia moved to block Huawei and ZTE from its own 5G buildout.

Due to the open nature of intelligence sharing between the U.S. and its closest allies, the Canadian government would be able to obtain knowledge of any specific threats that substantiate the U.S. posture toward the Chinese company. &We urge your government to seek additional information from the U.S. intelligence community,& the letter implores.

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Even for those of us born decades after the event itself, Neil Armstrongfirst steps on the moon remain among historymost iconic and indelible images. Can a Hollywood movie tell us anything new about that moment

With &First Man& (which opens today), &La La Land& director Damien Chazelle certainly tries. The film climaxes with an eerie and beautiful dramatization of Apollo 11, and with Armstrongfamous words about a giant leap for mankind. But itwhat comes before that feels revelatory — the filmfastidious attention to the training, the mistakes and the disasters that all led up to that moment.

Most of those details come from real life, according to screenwriter Josh Singer (who won an Oscar for co-writing &Spotlight&). His starting point was James R. Hansenbiography of Armstrong (whoplayed in the film by Ryan Gosling), and Singer said he was also able to pepper Hansen, as well as Armstrongsons Mark and Rick, with questions.

That doesn&t mean everything in the film sticks to the historical record. In fact, Singer said that one of the things he tried to do in the annotated screenplay was to highlight the areas where the movie diverged from reality. But even then, it seems like the moments when Singer made things up or fudged the facts weren&t all that far from the truth.

&We felt a tremendous responsibility to Neil and his family,& he said. In addition, he noted that &anytime you&re treading in territory thatbeen written about a lot, you feel that ita little bit of a higher bar.&

First Man

For example, while the film shows the Gemini astronauts using a multi-axis trainer to prepare for weightlessness, itnot totally clear whether they actually used the trainer (basically a giant whirling machine) or the &vomit comet& plane.

Ultimately, Singer said they decided to go with the trainer despite the uncertainty because it &just felt better storywise,& foreshadowing a later scene in the film. Similarly, he said that while the LLRV crash shown in the movie was real, Armstrongactual injuries consisted of &a bloody tongue and trouble talking.& However, to convey that &he really did almost die,& Singer and Chazelle decided to show external injuries, rather than &making Ryan talk funny.&

In Singerview, it was the research that allowed him to write a film that &pushes [against] the historical narrative& around the space program. To be clear, itnot a wildly revisionist film — I walked out of the theater admiring Armstrong, his colleagues and what they accomplished. But Singer said he wanted to show that &there really was a human cost here.&

&Thata fairly provocative thing to say,& he argued. &The majority of the portraits of these men show the stiff upper lip. In that way, we&re trying to do what Steven [Spielberg] was trying to do with ‘Saving Private Ryan,& show the human side. Why was this the greatest generation Not because they were inherently great, but because they were willing to sacrifice.&

Singer said that the idea of sacrifice has contemporary relevance as governments and private companies plan to return to space exploration. He recalled being a child and hearing Ronald Reaganspeech after the Challenger disaster, where the president declared, &The future doesn&t belong to the fainthearted; it belongs to the brave.&

&Those lines are just so powerful,& Singer said. &They sum up everything that this effort requires.&

First Man

Similarly, the film shows some of the broader social and political context of the Apollo missions, with protesters criticizing the extraordinary cost of the program when there were so many unsolved problems here on Earth.

&That question was much more prominent than people remember,& Singer said. &We think that at the time, everybody was all gung-ho, but it just wasn&t the case.&

For Singer, though, the answer to &Is it worth it& is clear. Itexpressed early in the film when Armstrong is asked why he wants to go to space. In response, he recounts going up in an F15 and looking down at the atmosphere, a view that gives him an entirely new perspective on Earth.

&Therea certain faith involved: I don&t know what I&m going to see, but I&m going to learn something, thatwhy we explore,& Singer said. &I&d like to think that actually, this movie is an argument for why to buck the trends and the criticism and the questions. That it is worth our time, and effort, and money, and sacrifice.&

First Man

And it sounds like Armstrongfamily is happy with the results. Via email, Rick Armstrong told me that Gosling and Claire Foy (who plays Rickmother Janet) &do an excellent job of capturing memories that I have.

&For example I was very glad to see that some of my Dadsense of humor comes through in the film, because he really was a pretty funny guy,& Armstrong said. &Claireportrayal is just so spot on that I don&t know how it could have been better. She was a very tough and independent woman and I think that comes through brilliantly.&

Rick and his brother Mark didn&t just consult on the film — they also had cameos (Rick told me, &I have a new appreciation for the patience required by everyone involved in movie making, there are long hours and a lot of sitting around!&), and they spoke out after Senator Marco Rubio suggested (absurdly) that the film might not be patriotic enough.

When I asked Rick how he sees the moon landing now, he said he agreed with his father that it was far more than a personal accomplishment.

&I believe it was a national accomplishment of 400,000 people that committed themselves to a goal and who all put in long hours and extra effort to make the impossible become possible, as well as the American taxpayers that footed the bill for it, and the government that authorized it,& Armstrong said.

&It was a global one in the sense that it was done on behalf of ‘all mankind&, as they went to great lengths to present it as a human achievement,& he continued. &Furthermore, our leadership rightly used the moon landing as a platform to improve relations with other countries based on scientific achievement, and of course, used it as a bridge with the Soviet Union to bring the Cold War to an end.&

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Light is the fastest thing in the universe, so trying to catch it on the move is necessarily something of a challenge. We&ve had some success, but a new rig built by Caltech scientists pulls down a mind-boggling 10 trillion frames per second, meaning it can capture light as it travels along — and they have plans to make it a hundred times faster.

Understanding how light moves is fundamental to many fields, so it isn&t just idle curiosity driving the efforts of Jinyang Liang and his colleagues — not that there&d be anything wrong with that either. But there are potential applications in physics, engineering, and medicine that depend heavily on the behavior of light at scales so small, and so short, that they are at the very limit of what can be measured.

You may have heard about billion- and trillion-FPS cameras in the past, but those were likely &streak cameras& that do a bit of cheating to achieve those numbers.

At 10 trillion frames per second, this camera captures light in slow motion

A light pulse as captured by the T-CUP system.

If a pulse of light can be replicated perfectly, then you could send one every millisecond but offset the cameracapture time by an even smaller fraction, like a handful of femtoseconds (a billion times shorter). You&d capture one pulse when it was here, the next one when it was a little further, the next one when it was even further, and so on. The end result is a movie thatindistinguishable in many ways from if you&d captured that first pulse at high speed.

This is highly effective — but you can&t always count on being able to produce a pulse of light a million times the exact same way. Perhaps you need to see what happens when it passes through a carefully engineered laser-etched lens that will be altered by the first pulse that strikes it. In cases like that, you need to capture that first pulse in real time — which means recording images not just with femtosecond precision, but only femtoseconds apart.

At 10 trillion frames per second, this camera captures light in slow motion

Simple, right

Thatwhat the T-CUP method does. It combines a streak camera with a second static camera and a data collection method used in tomography.

&We knew that by using only a femtosecond streak camera, the image quality would be limited. So to improve this, we added another camera that acquires a static image. Combined with the image acquired by the femtosecond streak camera, we can use what is called a Radon transformation to obtain high-quality images while recording ten trillion frames per second,& explained co-author of the study Lihong Wang. That clears things right up!

At any rate the method allows for images — well, technically spatiotemporal datacubes — to be captured just 100 femtoseconds apart. Thatten trillion per second, or it would be if they wanted to run it for that long, but thereno storage array fast enough to write ten trillion datacubes per second to. So they can only keep it running for a handful of frames in a row for now — 25 during the experiment you see visualized here.

At 10 trillion frames per second, this camera captures light in slow motion

Those 25 frames show a femtosecond-long laser pulse passing through a beam splitter — note how at this scale the time it takes for the light to pass through the lens itself is nontrivial. You have to take this stuff into account!

This level of precision in real time is unprecedented, but the team isn&t done yet.

&We already see possibilities for increasing the speed to up to one quadrillion (1015) frames per second!& enthused Liang in the press release. Capturing the behavior of light at that scale and with this level of fidelity is leagues beyond what we were capable of just a few years ago and may open up entire new fields or lines of inquiry in physics and exotic materials.

Liang et al.paper appeared today in the journal Light.

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TechCrunch is thrilled to announce that Rappi co-founderSebastian Mejia, Enjoie founderAna McLaren and Konfío founder and CEODavid Arana will be joining us on stage at Startup Battlefield Latin Americafora panel about new wave startups coming out of the region.

What does scaling a delivery startup out of Latin America look like Where do you find the top engineering talent to build a marketplace app What are the big opportunities for ecommerce and fintech companies These are some of the ideas these three founders willspeak to.

Sebastián Mejia is a co-founder of Rappi, the on-demand delivery startup worth over $1 billion.

New wave founders are headed to Startup Battlefield Latin America

Rappi initially began as a beverage delivery service, but has since expanded into groceries, meals, medicine and tech products to become a solution for last-mile delivery on demand. The company also has a popular cash withdrawl feature, and charges $1 per delivery. The Colombian startup has been backed by some of the worldmost prominent investors like Sequoia and Andreessen Horowitz. In fact, Rappi marked A16zfirst investment into Latin America in 2016. Now, thanks to a huge $200M round that closed in September 2018, Rappi is now worth over $1 billion. Mejia built his career working in the financial and tech sectors in New York before starting his path as an entrepreneur. He currently serves as the CSO and co-founder of Rappi.

Ana McLaren is the Executive Director in enjoei, a fashion focused online marketplace in Brazil.

New wave founders are headed to Startup Battlefield Latin America

After graduating from Superior School of Advertising and Marketing (ESPM) McLaren started her career in the ecommerce industry working for Americanas.com as a sales executive. After five years working in retail she switched to the media industry, where she worked for Abril, iG and Google. She started enjoei as a blog while at iG, but eventually left Google to take enjoei to the next level. The company now has 160 employees and $250M in gross merchandise volume in 2018.

David Arana is the Founder - CEO of Konfío, an online lending platform for small businesses in Mexico.

New wave founders are headed to Startup Battlefield Latin America

Konfío uses data for rapid credit assessment, allowing owners to focus on business growth. Prior to Konfío, Arana spent over six years at Deutsche Bank, based in New York, NY as Vice President of the Credit Derivatives Structuring division for Latin America. He received his Bachelor of Science degree in Mathematics from Massachusetts Institute of Technology (MIT). He was recognized as a National Society of Collegiate Scholar in 2005, a Hispanic Recognition Scholar in 2003, and won the Rensselaer Math - Science Medal and Scholarship in 2003.

With growing funds and an influx of capital available for early stage companies, the potential for Latin America-based startups to shake up big industries has never been higher. The latest generation of tech founders has the potential to be more disruptive than their predecessors. But these new companies face rapidly rising expectations at home and abroad.

The three founders will take the stage in what will surely be a fascinating talk, andyou can find the full agenda for the event here.This interview, more panel discussions and the Startup Battlefield competition will take place at Startup Battlefield Latin America on November 8 at the Tomie Ohtake Institute in São Paulo, Brazil.Apply for your free spectator tickets here.

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You might think that Anaplan CEO, Frank Calderoni would have had a few sleepless nights this week. His company picked a bad week to go public as market instability rocked tech stocks. Still he wasn&t worried, and today the company had by any measure a successful debut with the stock soaring up over 42 percent. As of 4 pm ET, it hit $24.18, up from the IPO price of $17. Not a bad way to launch your company.

Anaplan hits the ground running with strong stock market debut up over 42 percent

Stock Chart: Yahoo Finance

&I feel good because it really shows the quality of the company, the business model that we have and how we&ve been able to build a growing successful business, and I think it provides us with a tremendous amount of opportunity going forward,& Calderoni told TechCrunch.

Calderoni joined the company a couple of years ago, and seemed to emerge from Silicon Valley central casting as former CFO at Red Hat and Cisco along with stints at IBM and SanDisk. He said he has often wished that there were a tool around like Anaplan when he was in charge of a several thousand person planning operation at Cisco. He indicated that while they were successful, it could have been even more so with a tool like Anaplan.

&The planning phase has not had much change in in several decades. I&ve been part of it and I&ve dealt with a lot of the pain. And so having something like Anaplan, I see itreally being a disrupter in the planning space because of the breadth of the platform that we have. And then it goes across organizations to sales, supply chain, HR and finance, and as we say, really connects the data, the people and the plan to make for better decision making as a result of all that,& he said.

Calderoni describes Anaplan as a planning and data analysis tool. In his previous jobs he says that he spent a ton of time just gathering data and making sure they had the right data, but precious little time on analysis. In his view Anaplan, lets companies concentrate more on the crucial analysis phase.

&Anaplan allows customers to really spend their time on what I call forward planning where they can start to run different scenarios and be much more predictive, and hopefully be able to, as we&ve seen a lot of our customers do, forecast more accurately,& he said.

Anaplan was founded in 2006 and raised almost $300 million along the way. It achieved a lofty valuation of $1.5 billion in its last round, which was $60 million in 2017. The company has just under 1000 customers including Del Monte, VMware, Box and United.

Calderoni says although the company has 40 percent of its business outside the US, there are plenty of markets left to conquer and they hope to use todaycash infusion in part to continue to expand into a worldwide company.

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