In a beacon of hope for onlooking founders, Y Combinator reject and network analytics startup Kentik Technologies, locked down a $23 million Series B this morning. Let’s be honest — most of us don’t know anything about network infrastructure. Fortunately for most of us, we can afford not to know. For internet service providers and companies making use of a large number of… Read More
from TechCrunch
Grab, the company that rivals Uber in Southeast Asia, is in negotiations to close a new round of funding that could value it as high as $2.3 billion, multiple sources close to talks told TechCrunch. Grab was valued around $1.5 billion-$1.6 billion last August when it raised $350 million. Read More
from TechCrunch
From rising rents to online competitors, local stores and restaurants face enough challenges outside of their own doors that basic stuff like scheduling employees’ shifts and breaks should feel easy. But that process is still, too often, a mess of paperwork and data entry for them. A startup called Homebase has raised $6 million to make hourly work much easier to manage for every business… Read More
from TechCrunch
Go-Jek, the motorbike taxi on-demand service that rivals Uber and Grab in Indonesia, has raised $550 million in new funding today, a source close to the company told TechCrunch. The deal values the company at $1.2 billion and will be announced this week, we understand. Read More
from TechCrunch
As interest and investment continue to pour into the online education market, startups building platforms with a lot of traction are reaping the rewards. In the latest development, a company out of China called VIPKID — which has built a popular platform connecting children aged between five and 12 years with native English speakers for one-to-one online language lessons… Read More
from TechCrunch
Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies).
Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million in… Read More
from TechCrunch
In recent years, venture capital has poured into food companies, from meal kit and grocery delivery services to the makers of environmentally sustainable, or health-promoting food products.
Now, investors and entrepreneurs from tech, food and the restaurant industry have launched a firm, and closed a $42 million debut fund called Powerplant Ventures, to invest specifically in… Read More
from TechCrunch
While social games company Zynga’s push into real-money gambling may have had some hiccups, a group of alums who built a startup dedicated specifically to the genre have sold their company for up to $170 million. Rocket Games, a social gambling company based out of San Francisco, has been acquired by Penn National Gaming, the slot machine, video gaming machine, and casino company.… Read More
from TechCrunch
An Altanta-based startup called Florence Healthcare has raised $1.7 million in seed funding to help drug companies and researchers at hospitals or other trial sites to exchange information about clinical trials in the cloud.
Ultimately, helping these groups share information with each other, and with the U.S. Food and Drug Administration, could speed up the time it takes to get much-needed… Read More
from TechCrunch
Panoply.io, a startup that wants to make setting up a data warehousing and analytics infrastructure as easy as spinning up an AWS server, today announced that it has raised a $7 million Series A round led by Intel Capital, with participation from previous investor Blumberg Capital. This follows Panoply’s $1.3 million seed round from late last year. “It’s remarkable that… Read More
from TechCrunch