Value creation in enterprise tech is often driven by a cohort of exits, while value creation in consumer tech is generally driven by large, individual exits — a phenomenon I recently dug into. What the data revealed is that there is of late a trend of larger consumer exits, such as Facebook, Twitter and WhatsApp. If this trend continues, that’s very good news for… Read More
from TechCrunch
There weren’t many tech IPOs this year, but they performed well. Just 14 venture-backed tech companies went public, according to Dealogic. This compares to 25 last year and the 40+ we saw in each of the five years before. The last time we had fewer tech IPOs was in the 2009 financial crisis. Macroeconomic concerns related to oil prices, China and the Brexit made it a suboptimal time… Read More
from TechCrunch
AppDynamics has revealed its filing for a U.S. IPO. The IT company, which helps businesses like Salesforce and IBM with applications management, is targeting a $100 million offering. Despite a competitive landscape, which includes New Relic and Dynatrace, AppDynamics has shown strong revenue growth over the past year. For the nine months ending in October, revenue came in $158.4 million,… Read More
from TechCrunch
Apple juniper kombucha or a BBQ chopped salad may soon replace the can of soda and bag of chips in a vending machine at your office. A San Rafael-based startup called Byte Foods has raised $5.5 million in seed funding to popularize its smart vending machines and delivery service stocking them with nutritious food and drinks from local vendors. If the idea of the internet-connected vending… Read More
from TechCrunch
Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More
from TechCrunch
We’ve just witnessed one of the most surprising tech IPO markets in decades. Wall Street set record upon record throughout 2016, and tech stocks led the way, hitting all-time highs. And yet, we saw a mere 13 IPOs for venture-backed U.S. technology companies during the entire year. I’ve been in this industry for more than 40 years and I can’t remember anything like it. Read More
from TechCrunch
Automile, a fleet logistics and management startup, has closed a $7.5 million Series A round led by SaaStr with participation from Salesforce Ventures, Niklas Zennstrom, Dawn Capital and Point Nine Capital. Automile provides customers with a box to install under the vehicle’s dashboard to track mileage, trips and provide route tracking. Automile ships its tracking device to customers… Read More
from TechCrunch
The internet has changed a lot over the last two decades, but many companies are still using legacy technologies to extract, transform and load their data into warehouses. One new entrant, Xplenty, is hoping that its fresh approach, prioritizing cloud services, will provide a solid foothold in the massive market for data integration tools. Having grown to serve over 100 customers, Xplenty… Read More
from TechCrunch
As consumers get their first taste of voice-controlled home robots and motion-based virtual realities, a quiet swath of technologists are thinking big picture about what comes after that. The answer has major implications for the way we’ll interact with our devices in the near future. Spoiler alert: We won’t be yelling or waving at them; we’ll be thinking at them. That answer… Read More
from TechCrunch
Neither public markets nor tech giants offered any solace in 2016 for the ever-growing list of private unicorns. There are 180 tech companies circling the runway with valuations over $1 billion, the most in history. While interest in an all-expenses paid trip to the NYSE valuation guillotine was at an all-time low, non-traditional Fortune 500 companies did pluck a lucky few from the skies at… Read More
from TechCrunch