Airbnb is taking on new debt by adjusting to a world without tourism, Apple announces a new entry-level iPhone, and Google is lowering the quality of the Nest camera.
Here is your Daily Crunch for April 15, 2020.
Airbnb has secured commitments of $ 1 billion for a syndicated term loan from institutional investors. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with vacationers locked in their homes and global travel banned or strongly discouraged for public health reasons.
Earlier this month, Airbnb announced a further $ 1 billion increase in debt and equity. At the time, he said the funds would support his ongoing work to invest for the long term, while this new loan seems more clearly targeted to deal with the immediate negative impacts caused by COVID-19.
With a starting price of $ 399, the new SE is aimed directly at new iPhone users or first-time smartphone buyers, but it might appeal to those who just want the smallest iPhone model currently available. .
If you’re looking at footage from your Nest Cam and the quality looks a little lower than normal: It’s not your eyes. The quality tweak will roll out over the next few days, and Google says anyone affected will receive a notification in the Nest app.
Onfido uses AI to “read” a person’s identity documents, then uses facial recognition and other data points to verify that a person is who they say they are online. Customers for its technology include large banks, government agencies, and recruiting companies – any organization that virtually performs certain parts of its processes.
Yesterday we spoke about the private sector situation with Jason Pressman of Shasta Ventures. From his perspective – and that of other investors we’ve spoken to recently – it’s hard to understand the level of optimism that public markets are signaling. (Extra Crunch subscription required.)
Today’s launch matches the schedule the company announced in January, which called for a wider release on July 15. NBCUniversal says it still happens, although the schedule no longer coincides with the Tokyo Summer Olympics.
The messaging startup raised a $ 40 million Series B last summer, followed by a $ 70 million Series C earlier this year. Today, he announces that he has extended Series C by an additional $ 40 million, bringing the total tower size to $ 110 million.
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