Lily, a drone that is meant to satisfy all your selfie needs, has today announced the close of a $14 million Series A of funding, with investors including Spark Capital, SV Angel, Stanfrod-StartX Fund, Steve Aoki and Joe Montana. That said, the company also announced it would be postponing its ship date until Summer 2016. Lily originally put their flying camera up for pre-sale (via their… Read More
from TechCrunch
Finnish mobile OS maker Jolla, whose Sailfish platform is one of the few remaining alternatives trying to fight the Android-iOS duopoly, has pulled out of its latest financing death valley by closing a delayed Series C financing round. Read More
from TechCrunch
Rivigo, an Indian startup that wants to build a more reliable and safer logistics network, has raised a $30 million Series B led by SAIF Partners. The funding, which includes equity and debt financing, will go toward improving Rivigo’s proprietary hardware platform, which it uses to reduce driver fatigue, find the best traffic routes, and monitor the performance of its trucks. Read More
from TechCrunch
Today Dell subsidiary SecureWorks filed to go public, showing expanding revenue, and ramping losses. Dell, then a public company, acquired SecureWorks in 2011 for a reported $612 million. TechCrunch reported in October that SecureWorks had filed for an IPO privately. The company’s S-1 filing, released today, fits into that timing. Before we get into the numbers, keep in mind the… Read More
from TechCrunch
Radically transparent social media scheduling firm Buffer, which does stuff like publish its staff salaries and publicly detail its company revenue, has announced its first major acquisition — buying social media customer support tool Respondly for — wait for it — an undisclosed amount… Read More
from TechCrunch
Billion-dollar Chinese Internet firm Tencent bought an undisclosed majority stake in Riot Games back in February 2011, and now it has closed out the deal by fully acquiring the games firm behind hit title ‘League of Legends’. Read More
from TechCrunch
Songkick, the concert discovery app and ticketing company (after it merged with white-label artist-to-fan ticket seller CrowdSurge), has raised a further $10 million in funding from previous backer Access Industries, owner of WMG. It follows a $16 million Series C from Access, Sequoia, and Index, announced in June. Read More
from TechCrunch
Springboard, an India-U.S. company formerly known as SlideRule, has raised a $1.7 million seed round to accelerate its concept of learning through mentors and a community. Each mentor provides a weekly catch-up session with their students, and Springboard partners with other MOOCs for courses, and creates its own where it sees gaps in content. Read More
from TechCrunch
Amazon has led a $23 million investment in India-based Housejoy, a startup that — as the name not so subtly suggests — is much like Homejoy, the home services on-demand company that closed its doors this summer. The U.S. e-commerce giant was joined in the Series A round by existing investor Matrix Partner, and new backers Vertex Ventures, Qualcomm and Ru-Net Technology Partners. Read More
from TechCrunch
If on-demand is the future of delivery, a startup called Bringg aims to help established businesses better compete with the likes of Amazon and Uber going forward. The company has now raised $5 million in Series A funding to further develop its web and mobile platform that businesses to move into the on-demand era by providing features like real-time driver tracking, dispatching,… Read More
from TechCrunch