Today’s Deals – India’s WhatsApp rival Hike raises $175M led by Tencent at a $1.4B valuation

hike app India has a new tech unicorn. Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Tencent and Foxconn. The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch. Read More

from TechCrunch

Today’s Deals – Another Salesforce acquisition with BeyondCore enterprise analytics grab

BeyondCore Business analytics platform BeyondCore will be officially joining Salesforce, according to a blog post by BeyondCore CEO Arijit Sengupta. BeyondCore is an enterprise analytics tool that bolsters business intelligence with computational and statistical analysis. While Salesforce could have gone fishing and come up with a number of business intelligence companies to buy, BeyondCore was… Read More

from TechCrunch

Today’s Deals – Snapchat is acquiring mobile search app Vurb for $110M+

vurb-battlefield-winner Snapchat could help you organize a night out with friends or get a digest of the day’s news thanks to its acquisition of mobile search startup Vurb. TechCrunch caught wind of the impending deal over the weekend and now The Information reports Snapchat is in the closing stages of talks to pay $110 million for Vurb (75 percent stock, 25 percent cash). Snapchat is also said to offer $75… Read More

from TechCrunch

Today’s Deals – After the correction comes The Conclusion

That's all folks Winter came, and now it’s time for a season of shut downs, sell outs, and saving face. The circle of life includes the stage of death. That doesn’t mean these founders did anything wrong, just not quite enough right. Their experiments are coming to an end.
Two years ago a bunch of startups raised two years of runway. An abundance of early capital had emerged. Angels and VCs… Read More

from TechCrunch

Today’s Deals – Killing technology innovation in the public markets

Reflection of stock market graph in window In 2004, Google finally went public in a long-awaited offering that lit the public markets on fire. But Google’s S-1 filing was probably as unusual as anything the technology markets had ever seen: The company promised to not deliver quarterly guidance to investors, and instead promised to invest over the long term to preserve the culture of innovation that the company so fiercely protected. Read More

from TechCrunch

Today’s Deals – Hewlett Packard Enterprise picks up SGI for $275 million

Screen Shot 2016-08-11 at 6.40.35 PM The last decade-plus hasn’t been great for SGI. The company formerly known as Silicon Graphics declared Chapter 11 in 2009. That same year, it was sold to Rackable for a song, with that company somewhat confusingly changing its own name to SGI (short for Silicon Graphics International) during the process. Now former competitor Hewlett Packard Enterprise (which spun out from HP last year)… Read More

from TechCrunch

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