[TL;DR] Tech news that you shouldn’t miss this 09/24
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
20 million euros more to develop Qonto. The neobank notably plans to launch its services in Germany, Italy and Spain next year.
Why this is important: The market is particularly dynamic and Qonto has to face increasingly intense competition, represented in particular by manager.one, Shine and Monaize. The online bank intends to continue its forward march in France before starting its European expansion in 2019.
To catch up on Spotify and Apple Music, SiriusXM is offering Pandora for $ 3.5 billion. The Pandora streaming music service is only available in the United States.
Why this is important: By getting its hands on Pandora, SiriusXM intends to extend its reach. From now on, the American group will be able to offer an on-demand service as well as personalized offers. At the same time, this operation will help expand Pandora’s paid user base, which has never really taken off. Of the 71.4 million subscribers claimed by the platform, it, which is nevertheless a pioneer in music streaming, has only 6 million paying subscribers. A figure that seems very low compared to the 83 million paying subscribers of Spotify, which claims a total of 180 million monthly active users. The situation is hardly different compared to Apple Music, which has more than 50 million paying subscribers.
Luxury: how Farfetch succeeded in its IPO. The valuation of the company founded 10 years ago has reached 7 billion dollars.
Why this is important: Farfetch claims more than 2,900 brands available targeting women, men and children, with a website translated into 12 languages and delivery to 190 countries. As of December 31, the company had nearly 936,000 active customers, an increase of 44% over the previous year. Last year, the British e-commerce platform dedicated to luxury clothing and accessories lost $ 58 million on revenues of $ 386 million (up 59%).
The American Convoy raises $ 185 million for its road freight transport optimization application. With this round of funding, the company joins the circle of unicorns.
Why this is important: Founded in 2015 by Dan Lewis and Grant Goodale, Convoy was founded with the ambition to transform freight transportation. Often described as the “Uber for trucks”, the application developed by the American company works on the same model as the classic VTC application. It makes it possible to connect truckers to companies needing to deliver goods. E-health: Gleamer raises 1.5 million euros to automate diagnoses by radiologists. The software detects lesions in a medical image and produces an automated diagnosis.
Why this is important: Gleamer has developed an artificial intelligence platform that provides automated diagnosis of medical images and generates a report. With this funding round, Gleamer wishes to strengthen its team, finalize the development of its product offering and obtain CE and American approvals from the FDA (Food and Drug Administration).
HelloZack raises 1.2 million euros to resell your Apple products. The company wants to expand in France before heading for Europe.
Why this is important: HelloZack initially offered individuals to buy back their used electronic products to resell them in a few clicks. Six months after its creation, the young shoot has turned to focus only on Apple products. Once the price of the product has been estimated (MacBook, iMac, iPhone, iPad, Apple Watch, etc.), the company proceeds to its cash redemption before putting it back on the market. With its device, the company, which achieved a turnover of 1 million euros in 2017, has to face competition from several types of players, such as physical cash redemption shops (Cash Express, Cash Converters …) And specialists in the online resale of refurbished electronic products (Remade, Recommerce, reBuy…).