Takeout was a side business for Allset until the pandemic began, and now it's the focus of the startup's order-and-pay ahead model, co-founder Stas Matviyenko said. Investors cut a planned $12 million funding round to $8.25 million, bringing the startup's total financing to-date to $16.6 million.
Restaurant software company Toast was valued at $5 billion when it raised $400 million in a new funding round in February, shortly before restaurants around the country began closing their dining rooms because of the coronavirus. The company has put hiring plans on hold and is focused on working with restaurant partners to help them stay afloat.
A new Google website provides reports on how well people are complying with social distancing orders and recommendations around the world. The site uses anonymized location data collected from Google products and services to determine changes in crowd patterns at retail stores, recreational areas, grocery stores, pharmacies, parks, transit stations, workplaces and homes.
Apple's newest iPads have a microphone disconnect feature to help users protect themselves against unauthorized eavesdropping. The feature, which works with Apple-certified device covers, is activated any time the covers are closed.
Sales of new video games are on the rise around the world as consumers seek entertainment and new ways to connect with others while stuck inside. Nintendo's newest entry in the Animal Crossing series sold nearly 2 million copies in three days in Japan.
Jessica Burns, Grubhub's brand and creative vice president, says she is excited to see "more brands embrace the fact that they can be a source for good and growth," and that Grubhub is doing its part with its Donate the Change program, which enables customers to donate to nonprofits. In this interview, Burns discusses the brand's marketing pivot during the coronavirus pandemic, the value of gaming partnerships and the need for data-driven creativity.
Zoom, which has seen explosive growth in use of its videoconferencing service in recent weeks, will stop adding features for three months as it addresses privacy and security issues, CEO Eric Yuan wrote in a blog post Wednesday. Yuan also promised to be more transparent regarding law enforcement data requests.
Allied Market Research analysts predict that mobile banking will grow 12.2% during the next five or six years, becoming a $1.82 billion market. More banks and tech companies are introducing the apps and improving their security, and customers are drawn to them for convenience, as well as the way they enable social distancing during the coronavirus outbreak.
The unveiling of a Ring device called the Doorbox is thought to be imminent, and it might happen before the Ring Video Doorbell 3 is rolled out. Little information is available beyond a leaked photo showing a boxy device whose uses could include storing spare keys.
App downloads have surged during the coronavirus outbreak as people work and study from home, Sensor Tower reports, and spending in the area before 2024 is likely to hit $171 billion, more than twice the 2019 amount. Revenue from non-gaming apps will also probably overtake that from those focused on games, with social networking, lifestyle, music and entertainment the lead categories.