Costanoa Ventures has raised a $175 million fund, the third fund for the Palo Alto-based venture firm. With a focus on enterprise technology, Costanoa Ventures typically invests at seed stage and Series A. The new fund brings the total capital for the five-year-old firm to $500 million under management. Read More
from TechCrunch
We stopped by HAX’s demo day at the San Francisco Mint to check out all the hardware startups in the accelerator’s 10th batch. Many of the startups showcased creative combinations of hardware and software, particularly machine learning, to improve upon legacy services and outdated business models. HAX is known for its expertise in prototyping and manufacturing in China. The… Read More
from TechCrunch
We stopped by HAX’s demo day at the San Francisco Mint to check out all the hardware startups in the accelerator’s 10th batch. Many of the startups showcased creative combinations of hardware and software, particularly machine learning, to improve upon legacy services and outdated business models. HAX is known for its expertise in prototyping and manufacturing in China. The… Read More
from TechCrunch
Investors may not be done shoveling money into Magic Leap’s augmented reality ambitions quite yet. The Plantation, Florida-based startup is reportedly in talks with Singapore-based Temasek Holdings to raise upwards of $500 million, valuing the AR company at around $6 billion. Read More
from TechCrunch
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. But the weed delivery startup has come under scrutiny recently for burning through at least $1 million in cash per month. In contrast, other software-based pot delivery startups like Meadow… Read More
from TechCrunch
As we continue to see a proliferation of wireless connected devices make their way into the mainstream consumer electronics market, there has been growing attention on a key issue that will be central to making all these devices work: efficient power supplies, and specifically practical battery systems. Today, one of the startups that’s hoping to lead the conversation on how this will… Read More
from TechCrunch
Not to be outpaced in the connected car market by other tech giants, today the world’s largest smartphone maker, Samsung, announced two major pieces of news to take its automotive strategy up a gear. It has launched the Samsung Automotive Innovation Fund, a $300 million fund to back startups and other interesting bets in the automotive market. And as a first investment out of that… Read More
from TechCrunch
Japan’s SoftBank Group, U.S. investment group Dragoneer and Chinese rideshare giant Didi Chuxing are close to finalizing their investment in Uber via a joint venture, sources tell TechCrunch. The tender offer is on track to launch by the end of the month and includes a direct investment in the company, as well as the purchase of shares from employees and early investors. Read More
from TechCrunch
Going beyond the bounds of our planet is the future. That explains why Infostellar, a platform that enables antenna sharing to enable better communication for satellites and spacecrafts, exists — and also why it has raised $7.3 million to build out its business. Infostellar, in the most basic terms, is Airbnb for satellite antennas. Read More
from TechCrunch
Apttus, the unicorn quote-to-cash vendor built on the Salesforce platform, announced a $55 million round, which is likely its final private investment on the way to an IPO. While CEO Kirk Krappe wouldn’t definitively confirm the company was going public, he did say that today’s round was about gaining the confidence of future investors. “We decided we needed a certain amount… Read More
from TechCrunch