French startup Lendix has raised a new funding round of $37 million (€32 million). With this new influx of cash, the startup has one goal in mind. It wants to become the leading lending marketplace of Continental Europe.

Idinvest and Allianz are leading the round, with CIR SpA (De Benedettiholding firm) also participating. Existing investors Partech, CNP Assurances, Decaux Frères Investissements and Matmut are also participating once again.

As of today, people living in France, Spain and Italy can sign up to lend money to companies established in those three countries. But the startup is already working hard to expand to the Netherlands and Germany before the end of the year. Next year, Lendix plans to operate in 7 countries.

And it seems like itbecoming easier to launch new markets. There are now quite a few users and institutional investors on the platform. Lendix doesn&t need to attract Dutch users to start lending to Dutch companies. French, Italian and Spanish users are already willing to put some money in Dutch companies. Ita true European user base because everybody uses the same currency.

With todayfunding round, itgoing to be easier to launch in Germany. &When you want to open in Germany — and that is our current plan — itharder to recruit if you don&t have a German brand name behind you,& co-founder and CEO Olivier Goy told me.

Thatwhy Allianz is going to be more than just a financial backer. For instance, the insurance company is going to promote Lendix to its corporate clients so that they think about Lendix if they need to borrow some money.

Itanother proof that Lendix doesn&t want to be a French company that operates in other countries. The company also has opened an office in Madrid and another one in Milan with local teams.

Lendix is still a drop in the bucket compared to traditional bank loans. But the company wants to differentiate its product offering from regular banks as much as possible.

Right now, when a company requests a loan, the companyalgorithms are going to work on a basic credit scoring. After that, somebody calls the company to ask a few questions. The Lendix team can focus on more specific information.

&We also have developed a tool called Iris,& CTO Benjamin Netter told me. &It is going to become the biggest intelligence database for European companies.&

France is leading the way when it comes to open data. You can now access the registry of commerce, the identification number database and important incorporation events. But ita mess if you want to access this data. There are different file formats, and the same database uses different fields depending on the region of France.

Lendix has been parsing all this data to turn it into an actionable database. This way, Lendix can get a clear overview of companies that apply for a loan.

The company doesn&t plan to stop there. You could use Iris to detect some fraud patterns. For instance, a person could keep incorporating new companies and shutting them down quickly.

Eventually, you could reach out to companies before they need to apply for a loan. Netter mentioned a restaurant called Street Bangkok. They&ve opened three restaurants over the past six months. Itclear that they might need some money at some point to invest in new restaurants. Lendix Iris could spot those patterns.

Lendix is still nowhere near as big as Funding Circle. But the company thinks thereenough room for multiple players in this space. Both can grow at the same time by competing with traditional banks.

And it starts by being faster than a traditional bank. Companies get a rate within 48 hours. &Our goal is that you should be able to get a rate within half a day,& Goy said. Banks will have a hard time giving you an answer so quickly.

Disclosure: I share a personal connection with an executive at CNP Assurances.

Write comment (100 Comments)
Microsoft Azure will soon offer machines with up to 12 TB of memory

Do you have an application that needs a lot of memory Maybe as much as 12 terabytesof memory Well, you&re in luck because Microsoft Azure will soon offer virtual machines with just that much RAM, based on IntelXeon Scalable servers.

The company made this announcement in concert with the launch of a number of other virtual machine (VM) types that are specifically geared toward running high-memory workloads — and the standard use cases for this is running the SAP Hana in-memory database service.

So in addition to this massive new 12 TB VM, Microsoft is also launching a new 192 GB machine that extends the lower end of Hana-optimized machines on Azure, as well as a number other Hana options that scale across multiple VMs and can offer combined memory sizes of up to 18 TB.

Another new feature of Azure launching today is Standards SSDs. These will offer Azure users a new option for running entry-level production workloads that require consistent disk performance and throughput without the full price of what are now called &premium SSD.& The Standard SSDs won&t offer the same kind of performance, though, but Microsoft promises that developers will still get improved latency, reliability and scalability as compared to standard hard disks in its cloud.

Write comment (95 Comments)
Live from AppleWWDC 2018 keynote

Itthat time again. This morning kicks off Apple annual World Wide Developers Conference. Ita week of programming focused on developers, but this morningbig event has a little something for everyone. Herea quick break down of what we can likely expect when Tim Cook takes the stage this morning.

The keynote will most likely be focused on announcements surrounding iOS 12 and macOS 10.14 — in fact, we got a bit of a preview of the latter over the weekend. WatchOS and HomeKit will probably get some love, as well, along with ARKit, which took center stage at the event, this time last year.

As for hardware — expect Apple to throw us a couple of bones on that front, as well — though the really big announcements around iPhone, iPad and the like, are probably being saved for another day. Beyond that, the sky — or the San Jose Convention Center ceiling, at least — is the limit.

We&ll see you right here at 10AM PT/1PM ET/5PM GMT

Write comment (99 Comments)

Microsoft today announced its plans to acquire GitHub for $7.5 billion in stock. Unsurprisingly, that sent a few shock waves through the developer community, which still often eyes Microsoft with considerable unease. During a conference call this morning, Microsoft CEO Satya Nadella, incoming GitHub CEO (and Xamarin founder) Nat Friedman and GitHub co-founder and outgoing CEOChris Wanstrath laid out the plans for GitHubfuture under Microsoft.

The core message everybody on todaycall stressed was that GitHub will continue to operate as an independent company. Thatvery much the approach Microsoft took with its acquisition of LinkedIn, but to some degree, italso an admission that Microsoft is aware of its reputation among many of the developers who call GitHub their home. GitHub will remain an open platform that any developer can plug into and extend, Microsoft promises. It&ll support any cloud and any device.

Unsurprisingly, while the core of GitHub won&t change, Microsoft does planto extend GitHubenterprise services and integrate them with its own sales and partner channels. And Nadella noted that the company will use GitHub to bring Microsoftdeveloper tools and services &to new audiences.&

Microsoft promises to keep GitHub independent and open

With Nat Friedman taking over as CEO, GitHub will have a respected technologist at the helm. Microsoftacquisition and integration of Xamarin has, at least from the outside, been a success (and Friedman himself always seems very happy about the outcome when I talk to him), so I think this bodes quite well for GitHub. After joining Microsoft, Friedman ran the developer services team at the company. Wanstrath, who only took over the CEO role again after its last CEO was ousted after harassmentscandal at the company, had long said that he wanted to step down and take a more active product role. And thatwhathappening now that Friedman is taking over. Wanstrath will become a technical fellow and work on &strategic software initiatives& at Microsoft.

Indeed, during an interview after the acquisition was announced, Friedman repeatedly noted that he thinks GitHub is the most important developer company today — and it turns out that he started advocating for a closer relationship between the two companies right after he joined Microsoft two years ago.

During todaypress call, Friedman also stressed Microsoft&scommitmentto keeping GitHub as open as it is today — but he also plans to expand the service and its community. &We want to bring more developers and more capabilities to GitHub, he said. &Because as a network and as a group of people in a community, GitHub is stronger, the bigger it is.&

Friedman echoed that in our interview later in the day and noted that he expected the developer community to be skeptical of the mashup of these two companies. &There is always healthy skepticism in the developer community,& he told me. &I would ask developers to look at the last few years of Microsoft history and really honestly Microsoft&stransformation into an open source company.& He asked developers to judge Microsoft by that and noted that what really matters, of course, is that the company will follow through on the promises it made today.

As for the product itself, Friedman noted that everything GitHub does should be about making a developerlife easier. And to get started, that&ll mean making developing in the cloud easier. &We think broadly about the new and compelling types of ways that we can integrate cloud services into GitHub,& he noted. &And this doesn&t just apply to our cloud. GitHub is an open platform. So we have the ability for anyone to plug their cloud services into GitHub, and make it easier for you to go from code to cloud. And it extends beyond the cloud as well. Code to cloud. code to mobile, code to edge device, code to IoT. Every workflow that a developer wants to pursue, we will support.&

Microsoft promises to keep GitHub independent and open

Another area the company will work on is the GitHub Marketplace. Microsoft says that it will offer all of its developer tools and services in the GitHub Marketplace.

And unsurprisingly, VS Code, Microsoftfree and open source code editor, will get deeply integrated GitHub support.

&Ourvision isreally all about empowering developers and creating a home where you can use any language, any operating system, any cloud, any device for every developer, whether your student, a hobbyist, a large company, a startup or anything in between.GitHub is thehome for all developers,& said Friedman. In our interview, he also stressed that his focus will be on making &GitHub better at making GitHub& and that he plans to do so by bringing Microsoftresources and infrastructure to the code hosting service, while at the same time leaving it to operate independently.

Itunclear whether all of these commitments today will easy developers& fears of losing GitHub as a relatively neutral third-party in the ecosystem.

Nadella, who is surely aware of this, addressed this directly today. &We recognize the responsibility we take on with this agreement,& he said.&We are committed to being stewards of the GitHub community, which will retain its developer-first ethos operate independently and remain an open platform.We will always listen to develop a feedback and invest in both fundamentals as well as new capability once the acquisition closes.

In his prepared remarks, Nadella also stressed Microsoftheritage as a developer-centric company and that is it already the most active organization on GitHub. But more importantly, he addressed Microsoftrole in the open source community, too. &We have always loved developers, and we love open source developers,& he said.&We&ve been on a journey ourselves with open source and the open source community.Today, we are all in with open source.We are active in the open source ecosystem.We contribute to open source project and some of our most vibrant developer tools and frameworks are open-sourced when it comes to our commitment to all source judges, by the actions we have taken in the recent past our actions today and in the future.&

Write comment (95 Comments)
The race to build autonomous delivery robots rolls on

Itbeen a busy year in delivery robot land.

Starship Technologies sounded the starting gun to bring autonomous delivery vehicles to market with a $17.2 million round led by Daimler back in January 2017. Then in January this year the Mountain View, Calif.-based company Nuroraised the curtain on its own vision for robo-delivery with a whopping $92 million in funding. Meanwhile, upstart Robomart has its own notion for delivery vehicles that it unveiled at CES. And not to be outdone, everyonefavorite Chinese retail powerhouse, Alibaba, announced its own self-driving delivery vehicle.

Now there&sBoxbot, the still-stealthy startup developing autonomous delivery somethings, which has picked up new cash as the race to build delivery bots rolls on.

Boxbot is a latecomer in the field. The Oakland-based company boasts impressive pedigrees from its founders — former Tesla engineer Austin Oehlerking and Mark Godwin, an entrepreneur who was working on improving logistics services through machine learning before he was acqui-hired by Uber.

As part of the new $7.5 million round, which was led by Artiman Ventures with participation from Toyota AI Ventures, Boxbotbulking up its executive team. The company poached Steve Sanchez fromAmazon Logistics,where he was working on Amazon Flex,Amazon crowdsourced delivery service.

The investment is also the first in an autonomous delivery company for Toyota AI Ventures, and one of at least five the firm has made since its launch in 2017.

Toyota launches venture capital fund targeting artificial intelligence startups

For the last few years, automakers have spent several millions launching investment funds to tap startup expertise around technologies of autonomous vehicles.

In January, Renault, Nissan and Mitsubishi launched the $1 billion Alliance Ventures fund to invest in new automotive technologies. The firm has made $50 million in commitments already to the Sinovation Ventures fund in China and the Maniv Mobility investment fund — focused on mobility — in Israel. Volvo has its own Cars Tech Fund, to invest in startups focused on new mobility technology, and BMW is investing $500 million in autonomous vehicles through its iVentures fund.

These commitments are part of a broader acknowledgement from the worldbiggest automakers that their industry is changing faster than their internal research and development teams can address.

The delivery dilemma

Delivery is emerging as a crucial service in the new world of autonomous mobility. From the dream of autonomous long-haul trucking to last mile delivery to personal transportation, companies are scrambling to develop new technology. McKinsey predicts that autonomous vehicles will make up 85 percent of last-mile deliveries by 2025. Thata huge slice of a massive market that Toyota AI Ventures managing director Jim Adler called &a global problem that McKinsey - Company priced at more than $80 billion in 2016.&

With a market that large, thereno wonder itso tantalizing a problem for automakers of all stripes to try and solve.

&Over the next few years, self-driving vehicles will transform the last-mile, making it cheaper to make deliveries and easier to receive them,& said Brian Wilcove, a partner at Artiman Ventures and investor in Boxbot.

And ToyotaAdler sees Boxbot as an extension of the technologies that have solved the problem of autonomy inside warehouses at companies like Amazon.

&Logistics automation within warehouses has made remarkable progress in the last decade due to advances in robotics and automated interfaces that streamline interactions between human and supply chains. An inflection point came in 2012 when Amazon bought Kiva which put them on a path to automate their fulfillment centers,& Adler wrote in a blog post. &The same autonomous technologies (i.e., sensors, perception, prediction, planning) used to pack boxes in the warehouse are now being pressed into the service of delivering those packages that last mile to your door — the most complex and expensive leg of the supply chain.&

Write comment (94 Comments)

As the developer community prepares for Apple to unveil its latest software efforts at the companyWWDC keynote later this morning, there is a younger subset of student developers feverishly roaming about excited to see what they can build next, too.

WWDC is a pretty pricey affair at $1,599 per ticket. Like some other tech companies, Apple has opted to make it a bit easier for students to attend their conference. They&ve done so through a scholarship where younger developers can submit applications and, if selected, get into the event for free, with their lodging paid for as well.

The more than 350 scholarship recipients this year represented 42 countries and 34 languages.This year, those students got another added perk as their regular agenda was interrupted by a trip to Steve Jobs Theater on the Apple Park campus and a meet-and-greet with CEO Tim Cook. Later, the exectweeted a video of what some of the students were working on, saying, &Nothing inspires us more than fresh ideas.&

Student developers arrive in full force for AppleWWDC

Photo: Apple

I had the chance to sit down with a few of these young attendees, the youngest of whom was 16 years old (though students as young as 13 could apply), and chat about some of the things they are building.

&This is my third year at WWDC,& Nathan Flurry, 19, told TechCrunch. &I grew up in a very rural community and I rarely ever left the town, so WWDC was like the first time I got to meet people who cared about the same thing I did.&

As part of the application, students had to build and submit an interactive Swift playground that could be experienced in a few minutes. Flurry built a visual programming language powered by Apple Pencil interactions.

Another student I chatted with,Joseph Lou, 16, submitted a project for the scholarship that was aiming to recreate the system which the late Stephen Hawking used to communicate. &The app that I built for this scholarship was actually my first app and it was also my first time working with Swift,& Lou said.

It was clear that all of these exceedingly bright teens were also working on some pretty big projects of their own. Gabrielle Ecanow, 18, is working on an app called Study Buddy that allows students to coordinate tutoring and studying.Roland Horváth, 17, has built several apps, the latest of which is Try Not to Smile, which plays a bunch of funny videos for users and utilizes the iPhonefront camera to see how long they can make it without cracking a smile.

Harish Yerra, 16, built an app called Greetale that allows users to turn hand-written notes into greeting cards.

&I started programming when I was 12, and I just thought it would be super cool to build an iOS app,& Yerra told TechCrunch. &I&d say WWDC 2016 was a major breaking point because thatwhen I actually met a couple of my best friends and we went on to build an app…&

As the group heads into the conference starting Monday, many of them are focused on using the opportunity to connect with other developers and see what they can build next.

&I come back for the connections,& Flurry said. &The keynote is great, I love being here and itcool to see it, but I really love being around all of the engineers and meeting other developers who share a passion.&

Write comment (98 Comments)