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Jefferies gives IBM Watson a Wall Street reality check
IBM’s Watson unit is receiving heat today in the form of a scathing equity research report from Jefferies’ James Kisner. The group believes that IBM’s investment into Watson will struggle to return value to shareholders. In recent years, IBM has increasingly leaned on Watson as one of its core growth units — a unit that sits as a proxy for projecting IBM’s… Read More
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Here are the winners of the Google Cloud machine learning pitch-off
Back in March at Google’s Cloud Next conference, the company announced plans to run its own machine learning startup competition side-by-side with Data Collective and Emergence Capital. Four months later, 10 startups, pulled from a pool of 350+ applicants, presented onstage at Google’s Launchpad Space in San Francisco. The startups vied for three prizes; here are the winners. Read More
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Pendo closes $25M Series C from Meritech to scale its customer understanding platform
Just seven months after announcing a $20 million Series B, Pendo, a platform to help businesses better understand their customers, has closed a new $25 million Series C led by Meritech Capital Partners. The North Carolina-based startup has been growing at a rapid clip — ballooning to 106 employees across offices in San Francisco, New York and Raleigh. Read More
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Box introduces Box Elements, pre-packaged content services for developers
Box introduced a new type of developer tool today called Box Elements, pre-packaged application pieces designed to deliver Box functionality with a few lines of code. Eventually there will be three types of Elements: UI, app and services. Today, the company is launching the UI pieces, which include Content Uploader, which lets developers add drag and drop file capability into any… Read More
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BloomAPI locks down $2.4M to fix medical record releases
Seattle-based BloomAPI is announcing a $2.4 million seed round this morning for its solution to the broken medical records release process. It’s no secret that the entire U.S. healthcare system is held back by antiquated technology — but unlike many competitors, BloomAPI offers a solution that works with, and not against, the old-school technologies. Read More
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Marketing data startup Segment raises $64M
Segment has raised $64 million in Series C funding, with the Y Combinator Continuity Fund and GV leading the round. The continuity fund is the $700 million fund led by former Twitter COO Ali Rowghani. It selectively writes checks for YC startups as they raise bigger rounds. As part of the deal, Rowghani will be joining Segment’s board of directors. In the funding announcement, he said… Read More
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Cisco acquires network security startup Observable Networks
Underscoring the ongoing market demand for security services amid a growing threat of cyber breaches and malicious hacking among businesses that are moving to cloud-based infrastructures, Cisco announced it has acquired Observable Networks, a company that provides real-time network behavior monitoring to help IT teams detect anomalies that might be related to security breaches. Read More
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BMW to include Skype for Business in-car via iDrive
BMW is doing more with partner Microsoft to bring productivity to its vehicles. After adding Office 365 communications features to its BMW 5 series late last year, it’s now also bringing Skype for Business to its infotainment features, making it possible for users to connect to Skype meetings in the car. The Skype integration is going to be integrated into BMW’s iDrive system, and… Read More
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Box announces former Apple, Cisco exec Stephanie Carullo will succeed Dan Levin as COO
Box dropped a bit of a bombshell this afternoon when it announced that long-time Chief Operating Officer Dan Levin would be stepping down from the role and Stephanie Carullo would be taking over. Bitly sells a majority stake to Spectrum Equity for $63M
Bitly is announcing that it has raised $63 million in additional funding from Spectrum Equity — a deal that gives the growth equity firm a majority stake in Bitly.
Founded in 2008, the company was initially known for providing a handy link shortening tool for anyone with a Twitter account, but it’s now focused on using link shortening as a way to provide more control and data to… Read More
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