The concept of the Internet of Things is getting a big boost from emerging industries like autonomous cars and robotics, and today Intel announced an acquisition that could help it make sure that its own developments and products in this market are fault-free: it is acquiring Yogitech, a small company based out of Italy that works on functional safety for semiconductors. Terms of the deal… Read More
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After months of rumours that the startup was raising, Jinn, the same-hour ‘shop on your behalf’ delivery app, is disclosing $7.5 million in Series A funding, money that it plans to use to expand to more UK cities — the service is currently in central London and most recently Manchester — and to reach Southern Europe. Read More
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There’s more money for Africa Internet Group (AIG), the Rocket Internet-backed company that became Africa’s first tech unicorn last month when it landed a $326 million investment at a valuation of more than $1 billion. Read More
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Ericsson today announced it has acquired NodePrime, a San Francisco-based startup that helps enterprises manage their data centers. NodePrime came out of stealth last September after the company raised $7 million in seed funding from Menlo Ventures, NEA, Formation 8, Initialized Capital, Crosslink Capital and TEEC Angel Fund. Ericsson also participated in this round and was already using… Read More
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MetaMind, a Palo Alto-based AI startup founded in July 2014, is being acquired by Salesforce. According to a new post published at the company’s website by CEO Richard Socher — a Stanford PhD who studied machine learning, deep learning, natural language processing and computer vision — Salesforce plans to use its technology to “further automate and personalize… Read More
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Xiaomi has furthered its push into India after completing its first investment in the country. The Chinese smartphone today announced it has led a $25 million investment in Hungama, a video and music streaming service that claims 65 million users, and that it will integrate the company’s services into its content platform in India. Read More
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Less than a year after raising a hefty Series A, Managed By Q is today announcing the raise of a $25 million Series B round from GV and Kapor Ventures. Former TechCrunch writer MG Siegler is joining the board as part of the deal. Managed By Q is a service that handle all the extra responsibilities that come along with running an office. From re-stocking toilet paper and soap to office… Read More
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The Slack rocketship won’t slow down. The business messaging startup has raised $200 million at a $3.8 billion post-money valuation, the company confirms to TechCrunch. The round was led by Thrive Capital, with participation by GGV, Comcast Ventures and Slack’s existing investors, including Accel, Index Ventures and Social Capital.
This brings the total funding for the… Read More
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