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Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M
Kabbage — the online platform that loans money to businesses and individuals using a wide set of online data and algorithms to measure credit-worthiness — is growing once more. The startup based out of Atlanta has raised a Series E of $135 million, and expanded its credit facility — the money it has on hand to fulfil loans — to $900 million.
Kabbage is not… Read More
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Checkr Is Raising $30M+ For Its Background Checking API, Y Combinator Investing
As on-demand businesses like Uber and Instacart grow quickly, so too do the B2B startups that service their wider ecosystem. In the latest development, TechCrunch has learned and confirmed with several sources that Checkr — which runs background checks and vets potential hires by way of an API for the likes of Uber, Instacart and Handy, and other fast-growing startups like Zenefits… Read More
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Ping Identity Opens Up About Its Financials As It Eyes 2017 IPO
In a discussion with TechCrunch last week, Ping Identity CEO Andre Durand and CFO Michael Sullivan, detailed the company’s financial performance, including its forward projections.
The company, known for its identity management, multi-factor authentication and single sign-on tools also noted that it has seen growth in revenue share from newer products, and that it has transitioned… Read More
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Intel Beats In Q3 With $14.5B In Revenue, Despite Falling PC Market
Today following the bell, Intel reported its third-quarter financial performance, including revenue of $14.5 billion and earnings per share of $0.64. Following its earnings beat, shares in the chip giant initially rose.
Analysts had expected Intel to report a $0.59 per-share profit, off revenue of $14.2 billion. Those expectations represented a 10.6 percent decline and a 2.3 percent fall… Read More
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Google Makes Its Single Sign-On Solution Compatible With More Enterprise Apps
For a while now, Google has offered a single-sign-on service based on the SAML standard. Today, the company is adding SAML 2.0 support for 17 additional enterprise SaaS apps like WebEx, Workday, Marketo, NetSuite, Smartsheet, Zendesk and — you can insert your own joke here — Amazon Web Services. Read More
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Google Acquires Divshot To Join Its Firebase Team, Will Shut Down In December
Google has acquired Divshot, an HTML5 web-hosting platform that it says is “tailored for performance and developer productivity.”Apigee’s New Security Service Protects APIs From Bots
Apigee, a service that specializes in managing APIs for developers and enterprises, launched a new security product today that aims to protect APIs from malicious bots. The new Apigee Sense service uses predictive analytics to identify malicious bots to prevent them from accessing its customers’ applications. Read More
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VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC
Alongside the not-unexpected news that Dell would acquire EMC in a record $67.1 billion deal, EMC-controlled VMware released an early look at its Q3 results: The virtualization giant said it expects to post $1.672 billion in sales, with non-GAAP net income of $1.02/share. The market, at least initially, doesn’t look very impressed: shares of VMware dropped by as much as 10… Read More
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Dell Buys EMC For $67B In Largest Deal In Tech History
In the largest tech deal in history by far*, Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.
This is way over the $27 price being rumored last week, and makes the deal far larger than the $37 billion that Avago paid for Broadcom just last May.
What makes this deal even more interesting is that Dell, with a valuation of around $25… Read More
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Symphony Secures $100M From Google And Other Investors
Symphony, the secure cloud-based communications platform, announced today that it has received a $100 million round from a list of investors that includes Google, Inc. Google’s part in the investment was first reported last week by the Wall Street Journal, but the search giant was also joined by Lakestar, Natixis, Societe Generale, UBS and existing investor Merus Capital.… Read More
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