Global coworking behemoth WeWork is best known for providing flexible office rentals to startups and other small businesses, but enterprise clients are becoming an increasingly large portion of its business. With that in mind, WeWork has acquired Israeli startup Unomy to help its team sell enterprise clients on the idea of opening up offices in its workspaces around the world. Read More
from TechCrunch
Snap has an awful Q2 earnings report…but at least its dancing AR hot dog was viewed 1.5 billion times. To prove their confidence, co-founders Evan Spiegel and Bobby Murphy have agreed not to sell any shares this year, and the company will withhold shares they’re owed to pay for any necessary taxes. Of course, there’s only five months left in the year, so this isn’t… Read More
from TechCrunch
There are a million and one services for voice transcription on the market. But even with just one job to do, I’ve never seen a service that can handle the long tale of vocabulary used in the real world. This is particularly challenging if you’re a startup trying to sell your service to enterprises that rely on accurate transcription for their operations. Jon Goldsmith, co-founder… Read More
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Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More
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Coinbase has had a pretty crazy six months. It may be hard to remember, but at the beginning of 2017 the cryptocurrency world was a different place. Bitcoin was below $1000 per coin and the entire market cap for all cryptocurrencies was about 7x less than it is today. Since then, the market has surged. And as arguably the most established wallet and exchange service that exists today, Coinbase… Read More
from TechCrunch
Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, is opening its ICO today at 12pm PT / 3pm ET today.
Last week Filecoin concluded a much talked about “advisor” sale that brought in a total of $52M from ~150 investors including Sequoia Capital, Andreessen Horowitz, Union Square Ventures, Winklevoss Capital and about 100… Read More
from TechCrunch
Finding a bra that fits well is hard, but Brayola is looking to make it easier. The ecommerce platform for bras has raised another $2.5 million in Series A financing, bringing the total A round to $5 million. Investors include The Firstime Fund, Ilan Shiloah, Nir Tralovsky, Jonathan Benartzi, Gett founders Shahar Waiser and Roi More, and Haim Dabah. The strategy behind Brayola is simple.… Read More
from TechCrunch
This week seems to be a good one for media streaming companies in Asia. Hot on the heels of Malaysia-based Iflix raising $133 million for its Netflix-like service for emerging markets, Hong Kong’s PCCW has pulled in $110 million for its range of video and music streaming services. Hony Capital, which recently backed WeWork’s China business, Foxconn Ventures and Singapore… Read More
from TechCrunch
SoftBank missed out on getting a piece of Flipkart when its deal to acquire Snapdeal, the e-commerce firm which SoftBank backed in 2015, fell apart last month, but the Japanese tech giant has finally got there. Flipkart today confirmed that SoftBank has invested in its business, via its $100 billion Vision Fund, as part of an extension to the $1.4 billion financing round which was announced… Read More
from TechCrunch
Glint, a stealthy London fintech startup that promises a new “global currency,” has raised £3.1 million from a plethora of individual backers in the financial services and asset management space, alongside early-stage investor Bray Capital. Read More
from TechCrunch