Google will sell its Terra Bella business, which includes a group of SkySat Earth imaging satellites, to Planet Labs, the companies confirmed on Friday after TechCrunch’s Ingrid Lunden first reported that a deal was going down on January 25. Google’s space-high view of the world in its mapping software isn’t going anywhere, however – Google will continue to license… Read More
from TechCrunch
Slowing growth, huge losses, and no shareholder control could make Snap Inc’s IPO a perilous gamble for investors. What it does have going for it is an addicted user base, fast-growing revenues, and a visionary CEO. Read More
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The dating game sure is tough to maintain. Zurich-based dating app Blinq has been acquired by a Swiss outdoor advertising firm, APG|SGA, with the latter coveting the team’s experience in rolling out beacon networks for a new division that will be developing interactive ads. Read More
from TechCrunch
Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials. And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More
from TechCrunch
Most of today’s Snap coverage will be about its revenue and daily average usage numbers, but there was one small tidbit that emerged which will mean big business for the company’s cloud infrastructure partner, Google. In Snap’s S-1 filing, the company announced a license platform agreement it struck with Google for its cloud infrastructure services. Under the terms of… Read More
from TechCrunch
Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More
from TechCrunch
Billionaire entrepreneur Mark Cuban spoke on stage at the Upfront Summit in Los Angeles on Thursday, where he voiced concern about the lack of tech IPOs recently. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, there have yet to be any tech IPOs in 2017. AppDynamics was supposed to debut in January… Read More
from TechCrunch
UK-based indie free-to-play mobile games developer studio, Hutch, is gearing up to step on the gas and strap a bunch more players into its clutch of racing themed titles, fueled by a $5.5M expansion round of seed funding… The cash injection is co-led by Index Ventures and early stage London-based fund Backed VC. Read More
from TechCrunch
Spotify — the music streaming company with over 100 million users (40 million of them paying) — has long been seen as one of the more likely candidates among larger tech startups to go public in 2017, but it looks like this plan may be shifting.
TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay would give… Read More
from TechCrunch
Propulse Analytics is launching today with $1.4 million in seed financing to equip retailers with deep learning for product recommendations. Backed by Wobemail Online Services LLP and Stradigi Ventures, the Canadian startup is leveraging the features of product images to better grasp customers’ tastes and ultimately increase sales for retailers. The inspiration for Propulse came… Read More
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