Qualcomm is continuing its charm offensive in China, a critical market where it has suffered hard blows in recent years including a $1 billion anti-trust fine, after it announced a flurry of new investments.
These are chaotic times for Qualcomm, which is fielding unwanted acquisition interest from Broadcom and battling Apple in court, but today it put the focus back on supporting upcoming… Read More
from TechCrunch
SendGrid, the Denver-based marketing email company, raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. The company also upsized its IPO, selling 8.2 million shares, instead of 7.7 million. The company begins trading Friday on the New York Stock Exchange, under the ticker, “SEND.” SendGrid helps businesses send marketing emails. It says… Read More
from TechCrunch
A class action lawsuit has been filed against Uber, claiming that the company hasn’t done enough to inform the public about alleged harassment and assault by drivers. The legal complaint, filed by Wigdor LLP on behalf of two plaintiffs, alleges that “thousands of female passengers have endured unlawful conduct by their Uber drivers including rape, sexual assault, physical violence… Read More
from TechCrunch
Poshmark, the app for fashion consignment, has raised another $87.5 million in funding led by Singapore-based Temasek. Menlo Ventures, GGV Capital, Mayfield and others also participated.
Having raised $160 million to date, the startup is well-capitalized and plans to use the money to build out its stylist-matching technology. Poshmark is launching voice integration with Amazon’s Alexa… Read More
from TechCrunch
Why count inventory when the robots can do it? Retailers are using machines from a startup called Bossa Nova Robotics to analyze what’s selling on the shelves. The robots drive autonomously through store aisles figuring out what has sold and then sends back data. The company is now raising $17.5 million Series B led by Paxion to scale its business. Intel Capital, Cota Capital and others… Read More
from TechCrunch
Lofelt, a Berlin-based startup that is developing ‘next-generation’ haptic technology for use in a range of products — including gaming, AR, VR, automobile, consumer electronics, toys, medical, and entertainment — has raised $5.4 million in Series A funding. Leading the round is Wolfman.One, with participation from Q Venture Partners, Coparion, and previous backer… Read More
from TechCrunch
Uber said Sunday that it agreed to move forward on a proposed investment from SoftBank Group. But SoftBank Investment Advisors sent a statement to reporters on Monday on behalf of CEO Rajeev Misra, emphasizing that it could still walk away. “After a long and arduous process of several months it looks like Uber and its shareholders have agreed to commence with a tender process and… Read More
from TechCrunch
With Stitch Fix’s IPO on the horizon, Wall Street — and the rest of the tech industry — is going to be keeping a close eye on this next big consumer IPO as both a signal for the future of e-commerce startups like Stitch Fix and the consumer IPO market as a whole heading into the back half of the year. So one of the big metrics Wall Street and others will be focusing on is… Read More
from TechCrunch
Looking for a roommate on Craigslist can be cumbersome. And it can be difficult to determine what the person will be like in real life. A startup called Roomi thinks it has a better solution for finding people to live with. Its app and website help you search for apartment listings with background-checked profiles from the tenants. It also pulls data from social media, like photos and… Read More
from TechCrunch
Razer has continued a winning streak of IPOs from Asian companies after its share price closed 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. After deductions, Razer estimated its take-home to be… Read More
from TechCrunch