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Moovit raises another $50M led by Intel for its urban transit app, plans Mobileye collaboration

15:31 | 21 February

The race for pole position in the next generation of transportation services continues to gain speed, and today a startup providing data on how best to navigate transit in urban environments is announcing a significant round and partnership to help it get out in front.

Moovit — the Israeli startup whose iOS, Android and Web apps are now used by 120 million people globally across 2,000 cities in 80 countries — has raised another $50 million in funding.

The Series D was led by Intel Capital, and it is a strategic investment. As part of it, Mobileye, the $15.3 billion Intel subsidiary that builds autonomous driving solutions, will be partnering with Moovit to incorporate its data into Mobileye’s navigation system.

(And as part of it, significantly, Professor Amnon Shashua, Senior Vice President of Intel and CEO / CTO of Mobileye, is joining Moovit’s Board of Directors as an observer.)

Others in the round included all of the startup’s previous investors: Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, as well as another new investor, Hanaco.

The plan will be to use the funding to expand the company’s tech and business development.

“Moovit expects to surpass 1 billion users by 2021 and to expand significantly the number of cities that use Moovit’s data analytics to improve urban mobility,” said Nir Erez, the co-founder and CEO, in a statement. “We are especially thrilled about our plans to collaborate with Mobileye. It’s a synergistic relationship at an exciting time to be shaping the future of urban mobility.”

To date, Moovit has raised around $131 million in funding, and while it’s not revealing its valuation, in its last round in 2015 it was valued at $450 million, and given its growth since then (it only had 15 million users at the time, versus 120 million today), it’s very likely that the valuation now is well above $500 million post-money. We’ll be asking Erez when we speak to him later, to see if we can shed more light on that front.

The deal comes at an interesting time in the navigation and mapping space. Citymapper, a mapping and transit navigation app based out of London, has been testing out different ideas to figure out how to monetise its service. One of the latest developments is building its own transportation offering using buses and taxis — although it will have a lot of pre-existing competition, including city’s own services and heavily capitalised startups like Uber.

Meanwhile, we’re also seeing ever more companies looking to get in on the act. In addition to public and private transit services, there are automakers like GM and Ford (which itself has its own growing pains), and tech companies that also want to bring their AI-based systems into the fray. Alexa for autos, in fact, is just today adding its first mapping services, by way of a partnership with Mapbox, to go head to head with Google Maps and Apple’s Maps.

Moovit is taking a different tack, in that regard, by striking commercial deals that will bring its data and analytics — by way of its Smart Transit Suite — into other services that are getting used in autonomous vehicles and other smart, connected cars. This suite is based around a data-in-data-out principle: Moovit partners with municipalities and transit operators to bring in their data to help them manage their networks as well.

Similarly, this will give Mobileye one more application to enhance its own service and offering to car makers. “With significant investments in automated driving, mobility management platforms and smart infrastructure, Intel is at the forefront of a fundamental transformation of urban mobility,” Shashua said in a statement. “We’re working with some of the most innovative transit companies, municipalities and transit authorities to build critical foundational technologies for this transformation.”

 


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Google debuts AdSense ‘auto ads’ with machine learning to make placement and monetization choices

15:00 | 21 February

Google is today unveiling a new ad unit for AdSense that taps into the company’s big push to add more artificial intelligence into its business, and to potentially bring on more publishers who might consider ramping up their advertising efforts but don’t have the time or other resources to manage them.

Google is debuting “Auto Ads” — not commercials for cars, but a new ad unit that uses machine learning to “read” a page to detect and place what kinds of ads might be appropriate to place there, including where to place them, and how many to run. Publishers activate Auto Ads with a single line of code on the page.

The service was actually quietly rolled out in a limited beta around April of 2017, and now it is live for everyone. Google tells us that “publishers participating in the beta saw an average revenue lift of 10 percent with revenue increases ranging from five to 15 percent.”

For those who track or use AdSense, you know that there is already a fair degree of automation in the service. The product is used by tens of millions of web publishers to indicate where to place ads (banners and other units); with those ads then selected by Google based on a crawl of the page to figure out which ad might be most relevant. It already comprises a significant proportion of parent company Alphabet’s ad revenues, which accounted for $27 billion of its $32 billion of revenues in the most recent quarter.

What’s new with Auto Ads is that Google is taking on task of selecting the placement — doing all of the work for publishers in terms of figuring out how many ads to put on specific pages, where to put them, as well as what kind of ads will run.

Using machine learning is interesting here because it not only is being applied to figure out where an ad will go, but it is also being used to ingest analytics for how well that ad performs to “teach” the system how to place ads better in the future.

One black hole (and potential pitfall) is the fact that Google’s Auto Ads seems to decide just how many ads it will place on a page — something you would have had more control over without it. This thread on Webmaster World details how some of the early beta testers were not pleased about how many ads ended up crowding their pages, and what that did to user experience on the site.

We’re asking Google for a response to that point, and whether it will let users limit the number of units that Auto Ads can place on a page.

It will also highlight questions about how well Google’s judgement will be in all cases.

The AdSense service has come under the spotlight for letting lots of nefarious content seep into the mix, including ads carrying “fake news” and other misleading content. The company has been making efforts to combat this. Its “bad ads report” published in January 2017 noted that the company took down 1.7 billion dodgy ads and banned 200 publishers from AdSense.

For now, the aim seems to be to roll this out and see how many sign on for the convenience of the service, which you activate by signing into your AdSense account; checking global settings from “My ads”; copying the code that is there and pasting it between the header tags for every page where you want the ads to appear (they come on in 10-20 minutes, Google says).

In a blog post from AdSense engineering manager Tom Long and product manager Violetta Kalathaki, the two note that units included in the Auto Ad mix will include Anchor and Vignette ads, as well as Text and display, In-feed, and Matched content ads. (Not clear if newer formats like this larger banner will also be included.) They also write that publishers can specify which of these it wants to run.

For those who have been using Page-level ads (specifying different kinds of ads depending on the subject of a page, rather than a whole site), their code will all automatically get migrated to run with Auto Ads. And for those who are using Google’s AMP service for mobile pages, you need to use code for AMP Auto ads.

 


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Nintendo accused of illegally denying refunds on pre-orders in Europe

14:21 | 21 February

Nintendo has been accused of breaking European law by not allowing consumers to obtain refunds on pre-ordered games.

The company been singled out as the worst offender of seven major digital video games platforms that were looked at by the Norwegian Consumer Council in this investigation. Though it only praises two platforms, Origin and Steam, for having what it describes as “adequate systems” for refunding purchased video games.

The Council has written to Nintendo setting out its concerns. In the letter it flags up a term on Nintendo’s eShop regarding its cancelation policy for digital purchases where it informs consumers that “all sales are final”, and warns them to check that their systems meet download requirements prior to purchase.

The Council argues that a pre-ordered game cannot qualify for an exemption to Europe’s Consumer Rights Directive for digital content because the supply of content has not yet begun. The Directive is applicable across EU and EEA countries (such as Norway).

In a press release about its action the Council writes: “[Nintendo] plainly states that all purchases are final. According to the right of withdrawal laid down in the consumer rights directive, such terms are illegal.”

“The video game industry uses incentives such as exclusive in-game content or other rewards in order to encourage consumers to pre-order games. However, pre-ordering could result in paying a lot of money for a product that turns out to be a disappointment. For most digital video game platforms, there are no possibilities to get your money back after the release date,” it adds.

At the time of writing Nintendo had not responded to a request for comment.

Lots of other video game platforms do not come out of the Council’s survey covered in glory, either. It published a report in December criticizing other players in the space, such as Battle.net, Uplay, Playstation Store and Xbox Store, for a range of less-than-consumer-friendly routes for obtaining refunds — like requiring that buyers contact customer support.

But it’s reserving its fiercest criticism for Nintendo because the company offers no option for consumers to cancel a purchase of pre-ordered game.

The Council suggests games fans wait until they’re 100% sure they want to buy a game before locking themselves into a pre-order.

“Consumers often face complicated systems, where they have to fill out long forms or contact customer support in order to cancel their pre-orders,” it writes. “With these hurdles in mind, we discourage consumers from pre-ordering video games, unless they are 100 % sure that the game will live up to their expectations.”

 


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Uber officially launches Uber Express POOL, a new twist on shared rides

14:00 | 21 February

Uber has launched Uber Express POOL officially after a lengthy trial period that kicked off in San Francisco last November, and has until now remained available only in that market. Starting today, it’s coming to DC, LA, Miami, Philadelphia, San Diego and Denver, and more cities will be added over the next few weeks and months across the U.S.

The Express POOL launch brings a change to the current Uber POOL model that’s designed to make for more direct routing, with easier pickups for drivers and fewer annoying deviations from the route for riders thanks to two key actions Uber is asking riders to help out with: Walking and waiting. Basically, when riders hail an Uber Express POOL, they’ll be asked to wait a few minutes prior to the trip’s start, and/or walk to a nearby pick up spot, or from a nearby drop off point, in order to help optimize the route in as straight a line as possible along a path that can work for a number of different riders.

The Express POOL option will live right alongside the standard, existing POOL option that’s there right now in the app, at least for the foreseeable future, and riders can have the choice. But ultimately, Uber thinks that many riders will prefer opting to walk a bit and wait a bit, since the goal is to ultimately save everyone involved time and frustration.

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Some of the big challenges around making POOL work as designed to provide the lowest cost option of Uber’s various tiers to the most people possible have been around intelligent routing. The challenge of handling predictions of when and where people will be, along with building routes that not only work from an efficiency perspective, but also from the perspective of serving real humans in a way that doesn’t leave them frustrated or confused, proved to be a massive one.

Uber’s intent with POOL is to help lower the cost of entry to its product to make it the massive base of the ride hailing pyramid that can reach the most people thanks to affordability near on par with public transit. While it accounts for around 20 percent of rides in markets where it’s available, based on a rough average, that’s still not obviously the majority, and so it’s hoping that tweaks to the product that provide a better overall experience will help increase its general appeal.

 


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Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm

13:30 | 21 February

Bosch has acquired a ridesharing startup called SPLT that offered employers, universities and municipal authorities workforce-focused ridesharing services to help them offer shared commute as a means of increasing convenience and alleviating route congestion. Bosch, a leading global automotive industry supplier, is also establishing a new dedicated mobility services division, a sign of the changing times and nature of the automotive space.

The SPLT acquisition is a cornerstone piece of its new focus on mobility services, with the aim of offering everything from shared rides in cars to company buses on the same, easy to use platform with end user smartphone apps and easy ride booking. SPLT will continue to operate independently as a wholly owned subsidiary of Bosch post acquisition close.

Other mobility services offerings that Bosch has in market include e-scooter rental, via its subsidiary COUP, which began in Berlin in 2016, expanded to Paris last year and is expanding to Madrid later in 2018, bringing the total fleet size to 3,500 electric scooters. It also has system!e services it’s introducing today, which can offer up a true “extended range forecast” to help conquer range anxiety in potential EV buyers by offering a precise range based on the location and accessibility of charging spots along a route.

Basically, everyone wants a piece of the connectivity puzzle when it comes to the future of automotive and transportation, and mobility services is a good way to get there. Smart move by Bosch, but the transition is going to be interesting as more legacy players figure out where they sit in the coming post-ownership automotive world.

 


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Watch SpaceX launch a Falcon 9 carrying its first internet demo satellites live here

11:01 | 21 February

SpaceX is launching a Falcon 9 with client Hisdesat’s PAZ satellite on board today, provided weather remains favorable and everything else goes according to plan. The satellite, an imaging and radar instrument with a planned lifespan of five and a half years, will serve Spanish government and commercial needs, and will also work as part of a constellation together with TerraSAR-X and TanDEM-X to be used jointly between Hisdesat and Airbus.

The launch will make use of a first stage booster for the Falcon 9 rocket first used last August during the FORMOSAT-5 mission, and today’s launch will take place at 6:17 AM PST (9:17 AM EST) during an instantaneous launch window. A backup window is scheduled for Thursday, February 22 at the same time should the launch be scrubbed for Wednesday. It’s taking off from Vandenberg Air Force Base in California.

This launch will also carry SpaceX’s first demonstration satellites for its satellite broadband internet service, to be tested ahead of a full-scale constellation launch. It’s also said to be the first launch of the second generation of SpaceX’s fairing, which is designed to be be better able to survive launch for re-use on future missions.

The livestream for the launch will kick off likely around 15 minutes prior to launch, or at just after 6 AM PST (9 AM EST).

 


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Anyfin bags €4.8M Series A to let you refinance your existing loans by taking a photo

11:00 | 21 February

Anyfin, a startup based in Sweden that easily enables you to refinance your existing loans, including by taking a photo, has picked up €4.8 million in Series A investment. The round is co-led by Accel, and Northzone, with participation from Rocket Internet’s Global Founders Capital, and a number of unnamed angel investors from the consumer finance and fintech space.

Launched in November 2017, and currently only available in its home country despite harbouring wider European ambitions, Anyfin wants to make it easier to competitively refinance (or consolidate) loans and credit cards and therefore not get ripped off with high interest rates or compound interest.

It claims to do this with a combination of AI and publicly available consumer data, and with additional information garnered through talking a photo of your existing loan statement, including your repayment history. This, it says, gives Anyfin a more complete picture than your credit score alone, which is likely the main data point used by the original lender.

“Working in the consumer finance sector for so long we all realised that although consumer finance brings a lot of value to people, it also has this huge downside to it,” says Anyfin co-founder and CEO Mikael Hussain, who spent seven years working at Klarna where he headed up credit risk and decision science.

“Consumers are getting ripped off and paying way too much for their financing, whether that’s credit cards, loans or instalment financing – with no good alternatives. Often consumers are charged in excess of 25 percent annually on part payments and credit cards, even those with good credit scores. In many cases this is due to old and rigid processes that don’t consider the individual consumer’s situation”.

To remedy this, Hussain says Anyfin wants to make refinance “as easy as taking a selfie”. Where there was previously paperwork, the fintech startup has digitised the process, and where there were long forms to fill out, it claims to use AI to capture much of the data it needs.

“All the consumer has to do to save a bunch of money is to snap a picture of the credit card bill or loan statement and we do the rest. When a customer sends us their picture we use OCR to get the data we need, run that through our risk algorithms and, based on that, give the consumer an individual price. Typically, we’re able to cut the cost of financing by more than half,” he says.

Meanwhile, competitors are cited as credit card providers, point-of-sale financing companies, and traditional and neo banks (although I think fintech startups like the U.K.’s Pariti are worth mentioning, too). “In reality consumer credit is everywhere,” says the Anyfin co-founder. “You can barely go into a store where they don’t offer you a financing option, and practically everyone has at least one credit card”.

To that end, the Swedish fintech startup claims to be able to keep costs and rates low by automating its processes, including credit scoring, and cutting out middle companies. The latter sees it operate as a balance sheet lender, meaning that it borrows money from banking partners to finance the loans it sells at a higher interest rate.

 


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StatusToday scores nearly $4M to grow its AI-powered ’employee insights’ service

10:00 | 21 February

StatusToday, a London startup that is building out AI tech that it claims can help companies better understand their employees and in turn improve productivity, is disclosing $3.91 million in seed investment. The round is led by LocalGlobe, with participation from Notion Capital and Firstminute capital.

Founded in 2015 after graduating from company builder Entrepreneur First, StatusToday originally set out to use AI for cyber security, specifically by analysing a company’s internal online comms and other network activity to spot rogue employees or human lapses in security. However, the nascent company has since broadened out its offering, which launched in beta in the middle of last year, to be a more comprehensive employee insights service powered by AI.

Based on the premise that “most companies and managers do not understand their employees,” StatusToday currently plugs into various online company tools, such as those from Microsoft or Google. It then uses meta-data pulled in from these systems and artificial intelligence to analyse employee actions, thus enabling companies to gain better visibility of how their workforce is operating and to make improvements accordingly.

“Our mission is to help employers and employees understand each other. Most managers do not understand their employees,” StatusToday co-founder and CEO Ankur Modi tells me. “They don’t know what makes them inefficient, when they make mistakes or what incentivizes them. This causes a severe loss of productivity, mismanagement and an increase in risks, such as misconduct, regulatory failures and so on. We want to solve that problem by helping companies better understand their employees using artificial intelligence and data. By analyzing employee activity, we are able to determine when employees are more productive, identify looming risks and help companies to plan more effectively”.

In addition, Modi claims that StatusToday adds transparency for employees, too, by redefining the meaning of work in a way that is “transparent, rather than hierarchical and subjective”. “In time we should be able to use data to shed light on issues such as workplace discrimination and bullying,” he says.

When you plug Microsoft 365 or Google Gsuite into StatusToday, the service creates connectors to map out comms, content and activity on a real-time basis for all future events. This allows StatusToday to collect metadata and audit information for all essential activity performed by any employee in the system.

“Due to the nature and source of this data, we are able to create a company graph that consolidates baseline activity, times, locations for groups without getting actual contents or confidential info,” explains Modi.

Behind the scenes, StatusToday is currently running 22 AI modules (multiple patent-pending) that crunch this activity and create behavior models that adapt in real time to the individual, company and any relevant groups (e.g. roles, departments, managers or the London office). “This allows us to measure normal and abnormal hours, influence, mistakes and areas of low visibility,” says the StatusToday CEO.

Asked how this might be useful in practice, Modi cites a recent example of how one manager using the platform discovered the real volume of weekend work going on in his company, which far exceeded his pre-conceived expectations of work-life balance. Other recent reports generated by StatusToday include “out of band use of cloud storage”, impersonation of senior management, benchmarking contractor performance, and dedicated views for newcomers and leavers.

Meanwhile, StatusToday says the new investment will be used to attract more companies to the service, further improve the AI and expand the multinational team. The company currently has 14 employees, based in London and the Ukraine.

Customers are typically in regulated industries, sectors with high value employees or high employee turnover, “or are simply companies that want to use cutting edge technology to be more agile”. The basic service is free and open to companies of any size. However, StatusToday expects to charge for additional services in future.

Adds Modi: “The true value comes with scale because we will be able to offer valuable industry insights as a premium feature to employees and employers. Down the line we will have services that help companies take action based on our insights which will also be charged for. Needless to say, this gives us the ability to create industry-level benchmarks. We will be able to replicate what market analysts and research firms have done for decades but with real-time data and analytics. That kind of insight can change whole industries and those will generate revenue in future”.

 


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Twitter updates its policy on tweets that encourage self-harm and suicide

08:28 | 21 February

Twitter, which is constantly criticized for not doing enough to prevent harassment, has updated its guidelines with more information on how it handles tweets or accounts that encourage other people to hurt themselves or commit suicide.

The update follows an announcement by Twitter Safety last week that users can now report profiles, tweets and direct messages that encourage self-harm and suicide.

While we continue to provide resources to people who are experiencing thoughts of self-harm, it is against our rules to encourage others to harm themselves. Starting today, you can report a profile, Tweet, or Direct Message for this type of content.

— Twitter Safety (@TwitterSafety) February 13, 2018

In a new section on its Help Center titled “Glorifying self-harm and suicide,” Twitter outlined its approach to tweets or accounts that promote or encourage self-harm and suicide. The company says its policy against encouraging other people to hurt themselves is meant to work in tandem with its self-harm prevention measures as part of a “two-pronged approach” that involves “supporting people who are undergoing experiences with self-harm or suicidal thoughts, but prohibiting the promotion or encouragement of self-harming behaviors.” Twitter already has a form that lets users report threats of self-harm or suicide and a team that assesses tweets and reaches out to users they believe are at risk.

Twitter says offenders may be temporarily locked out of their account the first time they violate the policy and their tweets encouraging self-harm or suicide removed. Repeat offenders may have their accounts suspended.

Last fall, Twitter published a new version of its policies toward abuse, spam, self-harm and other issues, following a promise by chief executive officer Jack Dorsey that it would be more aggressive about preventing harassment. Publishing stricter guidelines and putting them into practice, however, are two different things. Many of Twitter’s critics still believe the platform doesn’t do enough to enforce its anti-harassment measures and must provide more information about exactly what kind of content results in a suspension. For example, telling someone to “kill yourself” arguably violates its guidelines, but a quick search of #killyourself returns many recent results, including tweets aimed at specific people.

Featured Image: NurPhoto/Getty Images

 


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Mozilla and NSF awards $380K to small projects connecting the unconnected

03:18 | 21 February

The FCC may be hard at work at “bridging the digital divide,” as Chairman Pai so frequently puts it, and the Connect America Fund II will help. But while the big players are setting up, people all over the U.S. are going without reliable internet. Mozilla and the National Science Foundation are awarding cash to projects that aim to connect those still waiting on the bandwidth we take for granted.

There were two Wireless Innovation for a Networks Society challenges: one to use wireless tech to keep people connected during disasters and other emergencies, and another to connect communities to existing wireless infrastructure for normal use.

First place took home $60,000, second $40,000, and third $30,000. These initial awards are the first round of a larger project, meant to convert design concepts into prototypes for live demonstration this summer; winners will be chosen in the fall.

For the first, “off-the-grid” challenge, first place went to Lantern, a pocket-sized device that uses off-the-shelf components to create a sort of offline Wi-Fi that others can connect to. Regional data loaded onto an SD card is made available wirelessly to nearby users via an app or web interface.

Updates and messages from other users or someone carrying new info from a working internet connection are downloaded, and the locations of resources are added to its offline map.

Second and Third went to portable network infrastructure devices that connect a wide area with basic calling and messaging to each other or, if available, connection to an LTE network.

The challenge to connect communities to existing networks had first place go to the Equitable Internet Initiative. This project was born in Detroit from frustration that some parts of the city were going to get gigabit fiber while others had yet to have any broadband at all. Diana Nucera of the Detroit Community Technology Project began setting it up in 2016, installing wireless repeaters and access points to spread its own gigabit connection and intranet resources to those in need.

The team plans to fortify the network with its $60,000 grant, adding solar-based backup power and establish both emergency and long-term plans for keeping the network up.

Second went to NoogaNet, which is looking to use utility poles to establish a mesh network, and the Southern Connected Communities Network, which hopes to blast broadband wirelessly over underserved swaths of Appalachia and the South.

There’s also a dozen honorable mentions receiving $10,000 each — check out the winners section of the WINS website and see if there’s one in your area you can help out with.

 


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