Acalvio Technologies, a new start-up made up of cybersecurity veterans, is emerging from some two years of stealth with $17 million in combined series A and B funding and a security product which the team claims leapfrogs existing solutions. The founders believe, and indeed the company is built around the idea, that cybersecurity needs a bit of a reboot. Read More
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Some more movement and consolidation is afoot in the on-demand transportation industry, specifically in Europe. Today, Hailo is announcing that it has sold 60% of its company to Mercedes-Benz owner Daimler, and Hailo will merge its and rebrand its operations under MyTaxi, another on-demand ride-sharing company that was acquired by Daimler subsidiary Moovel in 2014. The merged… Read More
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Finally, Rocket Internet has managed to sell Jabong, its fashion e-commerce site in India, after more than a year of speculation. Myntra, the fashion portal which itself is owned by Flipkart, has stepped up and acquired the company in a deal announced today. Read More
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Singapore-based media company E27 has closed a SG$3 million (US$2.2 million) Series A round as it looks to grow its tech-focused news website and events business. Read More
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A mass migration of IT services to the cloud, coupled with a huge growth of connected devices, has created a perfect storm for security breaches with some 400 million malware attacks identified last year alone according to IDC. Now, a new hopeful called StackPath believes it might have the key (and size) to fighting malicious hackers once and for all. The company is emerging out of… Read More
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Today Verizon confirmed that it plans to acquire Yahoo’s core assets — search, advertising and content, along with Yahoo’s Sunnyvale real estate — for $4.83 billion in cash. That business will in turn be combined with AOL, which Verizon acquired last year for $4.4 billion. Whether Marissa Mayer, the CEO of Yahoo, will be coming to Verizon too is not yet clear,… Read More
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After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.8 billion, which includes Yahoo’s advertising, content, search and mobile activities. Read More
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Indian classifieds startup Quikr has made an undisclosed acquisition to grow its recruitment business. Read More
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More consolidation in the so-called big data space. Publicly-listed U.S. big data company Teradata has acquired London-based Big Data Partnership, a startup that provides big data solutions and training to help companies become more savvy in the use of, well, big data. You may have noticed a recurring theme here. Read More
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Treebo Hotels has raised $17 million led by Bertelsmann India Investments (BII) with participation from existing investors SAIF Partners and Matrix Partners India. Read More
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