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Biotech startup Cue Health has secured a $13 million contract from the U.S. Department of Health and Human Service’s Biomedical Advanced Research and Development Authority (BARDA), which will be used to speed the development and testing of a handheld molecular test that can detect the presence of the SARS-CoV-2 novel coronavirus that causes COVID-19. Cue, …
March 31, 2020 | by RaheelThere are a number of initiatives by startup companies and entrepreneurs looking to support the healthcare response to COVID-19, and one that’s addressing a need in the realm of personal protective equipment is the COVID Box project launched by a group of volunteers in Toronto that includes startup founders and employees, as well as doctors …
March 31, 2020 | by RaheelXage, a startup that has been taking an unusual path to secure legacy companies like oil and gas and utilities with help from the blockchain, announced a new data protection service today. Xage CEO Duncan Greatwood, says that up until this point, the company has concentrated on protecting customers at the machine layer, but today’s …
March 31, 2020 | by RaheelSubstack is taking several steps to support the writers and publications using its newsletter platform. After all, just as writers and newsrooms are starting to build real businesses on Substack, the COVID-19 pandemic is dealing a huge financial blow to the media industry. In response, the startup says it will donate $100,000 in grants — …
March 31, 2020 | by RaheelHello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re looking at what venture capitalists got up to in the first quarter of the year and how they are really responding to the current global crisis. It’s easy to find mixed signals …
March 31, 2020 | by RaheelEven though this might seem to be the absolute worst time to try to round up funding for a restaurant-related startup, Allset is announcing that it’s raised an $8.25 million Series B. It was not, to be clear, an easy process. CEO Stas Matviyenko (who founded the company with COO Anna Polishchuk) admitted that when …
March 31, 2020 | by RaheelAs companies get to grips with a wider (and, lately, more enforced) model of remote working, a startup that provides a platform to help track and manage all the devices that are accessing networked services — an essential component of cybersecurity policy — has raised a large round of growth funding. Axonius, a New York-based …
March 31, 2020 | by RaheelIn December 2019, Extra Crunch spoke to a group of investors leading the charge in health tech to discuss where they saw the most opportunity in the space leading into 2020. At the time, respondents highlighted startups in digital therapeutics, telehealth and mental health that were improving medical practitioner efficiency or streamlining the distribution of …
March 31, 2020 | by RaheelThis article was updated 1:07 PM GMT to clarify Starling and Revolut’s furlough situation. Monzo, the U.K. challenger bank with over 4 million account holders, is taking a number of precautionary steps to help see it through the current coronavirus downturn, including voluntary furloughs and its CEO forgoing a salary, TechCrunch understands. In an internal …
March 31, 2020 | by RaheelFrench startup Qarnot has raised a $6.5 million (€6 million) funding round. The company manufactures heaters and boilers with a special trick — they pack computers as computers tend to generate a lot of heat. Qarnot then lets companies leverage that computing power by running tasks on those unusual servers. Banque des Territoires, Caisse des Dépôts, …
March 31, 2020 | by Raheel