Ride-hailing company Lyft has raised a new $1 billion funding round, putting its post-money valuation at $11 billion total. The round was led by Alphabet’s CapitalG, its growth-focused investment fund, and CapitalG partner David Lawee will join Lyft’s board as part of the transaction. Lyft shared the news in an official blog post, and noted that it has run over 500 million rides… Read More
from TechCrunch
Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More
from TechCrunch
The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More
from TechCrunch
The furniture rental industry is stuck in the last. Current options involve old-school companies like CORT where most of the inventory will make your apartment look like a dorm room, or a place like Rent-A-Center where you’ll almost certainly pay many times what the item is actually worth. Enter Feather, a company trying to breathe some life into the aging industry by letting… Read More
from TechCrunch
Hiya came to life a year ago when it was spun out by Whitepages to take on TrueCaller and others in the world of smart caller ID services. Using machine learning and a vast database of calling data (3.5 billion calls to date), Seattle-based Hiya’s mission has been to supercharge the humble phone call — by providing detailed information about who is calling you, whether it’s… Read More
from TechCrunch
Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More
from TechCrunch
There’s no doubt that our collective mobile device addictions are hurting real-world engagement for advertisers. This is especially true in professional sports stadiums, where looking down at your phone means you’re not paying attention to announcements, advertisements, and sometimes even the live game. One New Zealand-based startup think they have an answer to this problem. Dropit… Read More
from TechCrunch
Despite a continuing economic crisis, Brazil’s technology startups are continuing to attract cash and financing, with the mobile personal financial service GuiaBolso raising $39 million in fresh funding. Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled into one. Read More
from TechCrunch
Revelo, a job marketplace that puts the responsibility on companies to contact candidates, has raised $4.6 million in its latest financing. The company, unlike traditional job boards, puts high-end, high-profile Brazilian job seekers at the center of the search, and makes companies reach out to them. Read More
from TechCrunch
Duo Security today announced its Series D funding that puts the company in unicorn territory. The company raised $70 million led by Meritech Capital Partners and Lead Edge Capital at a valuation of $1.17 billion. This funding round brings the company’s total amount raised to $119 million.
This round included new investors, Index Ventures and Workday, that latter of which joins as a… Read More
from TechCrunch