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Alibaba Invests $194M Into China Business News To Build A Financial Data Platform
Alibaba, the Chinese internet giant, is currently focused on investing internationally to grow its business, but is also continuing to build out operations at home. In the latest move, it has invested $193.6 million (RMB1.2 billion) into China Business News to create a new financial data and information services company. “The era of Data Technology is here and it will surpass the… Read More
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LaunchDarkly, A Startup That Helps Companies Soft-Launch Features, Raises $2.6M
Whenever many large technology have a new feature they want to test, they roll it out to a small set of users before letting it go live. That those companies get feedback on the feature and iron out any bugs, and also roll back the changes quickly if anything is wrong or if the users don’t like it. But that requires teams of people to maintain those tools, and smaller startups… Read More
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Piston Goes To Cisco, Blue Box to IBM As OpenStack Consolidation Accelerates
Cisco announced this morning it has purchased private cloud — and OpenStack — specialist Piston Cloud Computing. The acquisition comes on the heels of its Metacloud purchase last Fall, and the acquisition marks the latest OpenStack startup to get scooped up as the market consolidation continues.
Meanwhile IBM grabbed the OpenStack private-cloud service Blue Box, another… Read More
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Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business
Brazil is one of the world’s fastest growing mobile markets, with 90 million smartphones in circulation among a population of about 200 million, and today a fin-tech company that has focused on catering to that growing group of users has raised a significant round of funding. Nubank, which has developed a platinum Master Card credit service that you apply for and manage using only… Read More
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New MongoDB Connector Creates Direct Link To Data Visualization Tools
MongoDB, the open source database platform, announced several updates today at its MongoDB World user conference in New York City, including integration with Tableau and other data visualization tools. Lots of companies have been building applications using MongoDB because they like its lack of structure and flexibility. It’s one of the key reasons they use MongoDB, but when it comes to… Read More
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Intel-Altera Deal Marks Second Big Chip Company Merger In Less Than A Week
This morning Intel confirmed it had bought Altera, maker of programmable chips, for $16.7 billion. That may seem like a big number until you consider that Avago Technologies Ltd. bought wireless-chip maker Broadcom last week for $37 billion. It’s a good week to be in the chip business. According to published reports, the deal has been in the works for months, but perhaps the… Read More
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Labs And Incubators Fuel Enterprise Innovation
Change doesn’t come easily to large organizations. Over time they have established a firm set of core business processes to give them the structure to manage massive workforces, which makes sense, but it also means they lack the agility of smaller companies. They have created systems to provide safe and effective ways of doing business, which protects companies from chaotic… Read More
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YC Grad Yhat Scores $1.5M In Second Seed Round
When Yhat, the company that has developed solutions to help organize data scientist teams, graduated from the Y Combinator, winter 2015 class, the founders had a goal to raise a million dollars to keep growing the company when they returned to New York. They may have aimed too low. The team actually was able to raise $1.5 million in their oversubscribed round, thanks to the interest in… Read More
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The Agenda For The Europas Conference: AI, Drones, Health, FinTech, Fashion & More
The Europas Conference & Awards for European Tech Startups is on on June 16 in London, and TechCrunch is the exclusive Media Partner. Think ‘a summertime Crunchies, with a daytime unconference attached, by a sunny River Thames’. The agenda for the event has just been released. You can find it here and the roster of international speakers is here.
Attendees will automatically… Read More
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Microsoft Launches New Project To Help Enterprises Improve Their DevOps Practices
Microsoft today announced a new project that aims to help developers and IT pros in the enterprise — and even smaller development shops — improve their DevOps practices. The company today launched both a self-assessment tool that gives companies recommendations for how to improve their development practices, as well as an e-book that chronicles Microsoft’s own learnings in… Read More
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