CREO is a new startup in India with big ambitions. It not only wants to create a new Android-based operating system, but also produce its own smartphones. The Bengaluru-based company announced today that it has raised $3 million from Sequoia India, Beenext Ventures, and India Quotient. Read More
from TechCrunch
Riding the coattails of a ‘small pieces, loosely joined’ approach to the enterprise, Belgium startup PieSync offers a platform that connects a plethora of cloud applications and syncs contacts stored in those apps two-way. That’s no mean feat considering the risk of data corruption or overwriting an important contact’s information, which is why, says PieSync, companies… Read More
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WeLab, an online lending platform based in Beijing and Hong Kong, will launch more financial products in China after landing an impressive $160 million Series B. The round was led by Khazanah Nasional Berhad, Malaysia’s strategic investment fund, with participation from ING Bank and Guangdong Technology Financial Group, which is run by the Chinese government. Read More
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Cybersecurity and analysis firm FireEye is boosting its service with the acquisition of competitor iSight in a $200 million deal. Read More
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Jopwell, the Y-Combinator-backed diversity and hiring recruiting platform dedicated to helping blacks, Hispanics and Native Americans get jobs in tech, has raised a $3.25 million seed round from Magic Johnson Enterprises, Andreessen Horowitz, Kapor Capital, Omidyar Network, Valar Ventures and others to scale its operations and product capabilities. This round brings its total funding to more… Read More
from TechCrunch
A day after the news broke that General Motors was picking up assets from failed Uber competitor Sidecar, today the startup’s CEO finally confirmed the details directly in a blog post and provided a few more details about the deal. A “key component to the transaction”, writes CEO Sunil Paul, was Sidecar’s patents, for which GM has taken a license, but… Read More
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French startup Botify just raised a $7.2 million Series A From Idinvest and Ventech. The company uses a software-as-a-service approach to make it as seamless as possible to crawl your website and give you insights on your search engine optimization strategy. Read More
from TechCrunch
People who don’t take Uber frequently take the bus. And those Europeans folks now include some rather high profile investors in London-based urban transport startup Citymapper — who have just poured $40 million into a new Series B round for its app which algorithmically knits together different transit options to help city dwellers quickly figure out how to get from A to… Read More
from TechCrunch
For mobile carriers, the explosion of smartphone usage, particularly for bandwidth-heavy apps like video, should be a boost to their business. But in many cases, network architecture and delivery proves to be too costly for them to handle heavy traffic, and they are running out of capacity in some cases. Read More
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Norwest Venture Partners, the 55-year-old, Palo Alto, Calif.-based venture firm, has closed its third consecutive $1.2 billion fund. The group, which employs 20 investors altogether, raised the same amount in 2014, as well as in 2010.
If Norwest’s single limited partner – the banking giant Wells Fargo – likes what it sees, it’s easy to see why. Read More
from TechCrunch