[TL;DR] Tech news that you shouldn’t miss this 25/01

by bold-lichterman

Every evening, the best of Tech news is in the TL; DR of FrenchWeb.

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Fred Montagnon is launching an ICO for his Legolas Exchange cryptocurrency purchasing platform. The French entrepreneur, based in New York, has already raised $ 17 million and is launching its public ICO on February 2, 2018.

Why this is important: Because, whatever one thinks of bitcoin, everyone agrees that blockchain is the next digital revolution. You can talk about it with Fred Montagnon, who will speak at the end of the FrenchWeb Day Fintech, dedicated to cryptocurrencies on February 15.

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[INFO FW] Photobox closes its Parisian offices and refocuses its activities in London. A job protection plan was announced this week to employees.

Why this is important: 53 people would be affected. In January 2016, the Photobox group came under the control of Exponent Private Equity and Electra Partners, two British private equity funds, for around £ 400 million.

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Credit: Ulza – Shutterstock

Alphabet launches a subsidiary dedicated to corporate cybersecurity. Chronicle, Alphabet’s new entity, intends to eliminate corporate security blind spots.

Why this is important: The launch of this B2B subsidiary, developed by Google X, comes as companies take stock of security issues. Uber, Yahoo, Equifax, Intel… The attacks follow one another. Chronicle’s ambition is to get companies out of “reactive” mode to better anticipate flaws.

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Credit: Ilya Pavlov

Shazam’s former rival SoundHound raises $ 50 million to become a unicorn. While Shazam saw its valuation drop irreparably, SoundHound, for its part, was developing a voice assistant for smartphones.

Why this is important: While Shazam was bought by Apple for (barely) $ 400 million at the end of 2017, SoundHound had the good idea to pivot to reinvent itself and boost its growth. Now positioned in the voice assistant segment, where Amazon is battling with Echo and Google with Home, the company has never done so well. With a valuation of one billion dollars, she joins the prestigious circle of unicorns.

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Havenly, $ 12.5 million to decorate your home from a distance.
Based on the information provided by the user, the platform is responsible for finding a professional suited to their needs.

Why this is important: Interior design is on the rise in Tech and this round table is an illustration of that. At affordable prices, from 79 to 199 dollars, Havenly seems to have found the formula to convince Americans to use its services. In three years of existence, this young startup from Denver has already raised more than 25 million dollars. Not bad.

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