HipChat Maker Atlassian Files for IPO | Crunch Report


Apple’s new iPad Pro goes on sale November
11th, Facebook’s testing facial recognition in Messenger photo sharing, HipChat maker
Atlassian files to go public, and more… It’s Monday, November 9th, and this is Crunch
Report. The time has come, people who like big iPads.
12.9-inch iPad Pro, which was announced at Apple’s event in September, officially goes
on sale in 40 countries starting Wednesday, November 11th… online to start, with retail
stores selling the Pro later in the week. The Apple Pencil and Smart Keyboard will also
be available online right away on the 11th. It’s $799 to start for the base model, which
ships with 32GB of internal memory. A $1079 model includes both WiFi and cellular connections,
and has 128GB of memory. A reminder that the iPad Pro has a high-def 12.9″ screen and
allows split, “full-screen” multitasking. It also has an A9X chip that’s 1.8x faster
than the previous A8, has a10-hour battery life, 8MP iSight camera, Touch ID and four
speaker audio. Facebook Messenger‘s newest feature is based
around the fact that you are too lazy to send photos to your friends… you want to, but
then you just forget, and then they stop asking, and then too much time goes by, and then nobody
cares about all those wedding pics. Photo Magic, as it’s called, scans all the new photos
in your camera roll using facial recognition, and then suggests sending pics to the friends
it recognizes. The test is rolling out in Facebook’s test market of choice, Australia,
today on Android and later this week on iOS, before reaching other countries… if it takes
off. Now, Facebook is using the same facial recognition technology that powers its photo
tag suggestions and standalone Moments app with Photo Magic inside Messenger, so the
technology already existed. But Director Of Product Management Peter Martinazzi tells
TechCrunch that “About 9.5 billion photos were sent inside Messenger in the last month…It’s
growing even faster than Messenger over all, which is growing really fast.” By the way
if this creeps you out and you don’t want to be recognized, you can opt out with the
same privacy controls that turn off tag suggestions. Atlassian, which makes enterprise-focused
social products like Slack competitor HipChat, JIRA, and Confluence, just filed to go public
on NASDAQ under the ticker “TEAM”, with the IPO expected to raise around $250 million.
with the exact number to be determined later. The company’s F-1 notes that net income for
the last three years has been positive, although it did shrink a lot in the last year because
of of R&D – from $10.8 million in 2013 to $6.8 million this year. The company claims
more than 5 million monthly active users with 48,000 organizations as customers like Fitbit,
PayPal, Visa, NASA, MIT, Nordstrom, Tesla, Cisco and Adobe. Good group. Atlassian is
based in Sydney and has raised $210 million for a current valuation of over $3 billion. A company called Lucid has prototyped a point
and shoot VR camera that’s easy to use, doesn’t look horrible, doesn’t need post-production,
and will go for $299. Sounds pretty great, right? Lucid CEO Han Jin tells TechCrunch’s
Drew Olanoff that it all started out with the team working on outfitting robots with
cameras, and then using the robots to see things in other places where they weren’t
physically.. for example, with an Oculus headset. But after many prototypes, Lucid found that
the camera shooting in VR made more sense than a robot altogether…so they ripped its
“eyes” out to work on the LucidCam. It currently shoots in 180 degrees to avoid the
stitching issues that 360 degree video has. And as a consumer app, that requires a lot
less legwork..tripods, etc.. and also keeps the file-size down, which is always important
when you want to export and share with others quickly. It looks promising even in the early
days – LucidCam’s current Indiegogo campaign is over half funded with its current goal
of $100k with 46 days remaining. Jin says that China is a likely place for manufacturing
to help keep that the $299 price point, and that a bigger round of funding is on the way. TensorFlow is a technology you may not have
heard of, but it powers Google’s Photos search, speech recognition, and the brand-new “Smart
Reply” feature for its email app Inbox.. and now Google’s open-sourcing it. TensorFlow
started as a project from researchers and engineers working on the Google Brain Team
in Google’s Machine Intelligence research organization, but the team realized that any
gradient-based machine learning algorithm can use TensorFlow for differentiation and
optimization, with the ultimate goal of building a technology that works similarly to the human
brain. No pressure. Google CEO Sundar Pichai explains that by open-sourcing the technology,
the company can speed up research on machine learning and benefit a lot more people, by
identifying what’s in photos and videos, understand speech, and read and understand
written text. That’s the report for today. I’m Sarah
Lane. Crunch Report airs every weekday at 7 pm Eastern,
4 pm Pacific, on Techcrunch.com. You can also find us on iTunes, and on YouTube. See you
tomorrow!

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