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Indian social network Public App raises $41 million

TechCrunch

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. Related to this move, Epic Games’ “ Fortnite Mode” feature , which leveraged Houseparty to bring video chat to Fortnite gamers, will also be discontinued.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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Deep Render lands $9M for its AI-powered video compression tech

TechCrunch

Deep Render , a startup developing AI-powered tech to compress videos on the web, today announced that it raised $9 million in a Series A funding round led by IP Group and Pentech Ventures. Deep Render isn’t the only venture applying AI to the problem of video compression, nor is its AI a silver bullet necessarily.

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WeLink raises $185M to deliver high-bandwidth wireless internet to the home using 5G

TechCrunch

For the vast majority of American homes, there’s no choice of how customers get their internet access. Yet, as more and more people rely on the internet for more than just cat photos (and after recent events, maybe rely on cat photos as well for sustenance), it seems obvious the market needs more choice and competition. Cable or fiber.

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Daily grabs another $40M so developers can add video, audio features to any product

TechCrunch

We’ve all embraced video calls, whether it is with our work colleague or our physician, but for developers, it remains a challenge to build both real-time audio and video features into products. The most interesting trend we’re seeing is that new use cases for video and audio are showing up every week,” Hultman Kramer said.

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How Reliable Is Cable Internet? Here’s How Our Networks Are Performing

CableLabs

Starting in mid-March, the world experienced a sudden surge in internet usage driven by the widespread COVID-19 stay-at-home orders that caused many of us to switch to working and studying at home in a matter of days. Cable broadband networks not only withstood this sudden surge in internet usage; they excelled. percent of U.S.

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