Co-founder and former CEO Travis Kalanick steps down from Uber’s board

Uber co-founder Travis Kalanick will step down from the company’s board at the end of the year, cutting ties with the ride-sharing platform and selling the rest of his shares, according to Ars Technica.  Investors ousted Kalanick as Uber’s CEO following a series of scandals and scrutiny of the company’s workplace culture in 2017, but he […]

French startup Majelan raises another €6m for its personalized podcast platform

French startup Majelan raises another €6m for its personalized podcast platform

The French podcast platform Majelan has raised an additional €6 million in funding, according to EU-startups.com, to develop its app offering thousands of podcasts in one place. The startup is also publishing original audio content to compete with established companies like Apple, Spotify, Audible, and Luminary.  “Podcasts are growing in popularity in France, with more than […]

German court ruling effectively bans Uber from operating in Germany

German court ruling effectively bans Uber from operating in Germany

A Frankfurt court has effectively banned Uber’s ride-hailing service in Germany, according to Reuters, in yet another major setback for the company after losing its license to operate in London. In Germany and much of the European Union, Uber exclusively works with licensed drivers through private hire vehicle companies, to comply with a 2017 decision from the region’s […]

Belgian firm Odoo raises $90m to develop and expand its business software platform

The Belgian firm Odoo has raised $90 million to fund product development and global expansion for its all-in-one business software, according to Tech.eu.  Odoo Enterprise offers 30 applications to help businesses of every size run nearly every aspect of their company, from accounting to manufacturing, project management, marketing, human resources, and eCommerce, to name just a […]

The startup behind TikTok trials new music app, taking aim at Spotify and Apple Music

A new music streaming app from the company behind TikTok could soon challenge the dominance of Apple Music and Spotify, according to The Independent. TikTok’s parent company ByteDance has been trialing the app in Indonesia and India, nations with some of the world’s largest populations, where users are already familiar with the company’s video-sharing platform TikTok. Called Resso, […]

London startup Portify raises £7m, offering credit building and financial tools for self-employed and gig workers

The London fintech startup Portify has raised £7 million in a Series A funding round, for its platform to help gig economy and self-employed workers manage their finances, according to TechCrunch.  In addition to financial planning with Open Banking to track and plan finances through a mobile app, the company also wants to help workers access credit […]

Waymo acquires the UK firm Latent Logic, using ‘imitation learning’ to help self-driving cars learn human behavior

Waymo has acquired the UK artificial intelligence firm Latent Logic, giving Alphabet’s self-driving car company its first foothold in the UK, according to The Guardian.  With roots at Oxford University, Latent Logic specializes in a type of machine learning called imitation learning, which models the behavior of human drivers and pedestrians to help emulate and react to […]

Paris startup Outsight raises €18 million to develop 3D sensor cameras for smart cities and self-driving cars

The Paris-based startup Outsight has raised €18 million in seed funding, tying for the largest seed funding round in Europe this year, to develop AI-powered, 3D sensor cameras for drones, autonomous vehicles, and smart city infrastructure, according to Venture Beat. Outsight’s 3D Semantic Camera can not only perceive, but also interpret its surroundings and environment. It […]

Regulators should prohibit cryptocurrencies like Libra, EU finance ministers say in joint statement

Digital “stablecoin” currencies like Facebook’s Libra project shouldn’t be permitted until regulators can assess and address the risks involved, according to a joint statement from Europe’s finance ministers. The statement solidifies past skepticism voiced by EU authorities, and likely amounts to a de facto ban on stablecoins—cryptocurrencies that, unlike bitcoin, are tied to an asset such as conventional currencies.  […]

UK startup Otta raises £850k in seed funding, to help job seekers find the most relevant opportunities

The UK-based startup Otta has raised £850,000 in seed funding for its job search and recruitment platform, according to TechCrunch. The company’s platform prioritizes the needs of job seekers, an approach they say is long overdue in a recruitment market worth £35 billion in the UK and $150 billion in the US. They’ve now raised seed […]