Fundings & Exits
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Walt Disney Co. reveals 9 new startups in the Disney Accelerator spanning robotics, cinematic VR and AI
The Walt Disney Co. is kicking off the third session of its corporate accelerator this week, and revealed 9 new companies admitted to the program. A full list follows at the end of this post.
The companies are developing everything from cinematic virtual reality and holographic content, to robots with human-like facial expressions.
Because alumni of the Disney Accelerator have scored big… Read More
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DIY Co. launches JAM to help kids learn what they don’t in school, with a little help from Cartoon Network
DIY Co., the education tech startup led by Vimeo designer and co-founder Zach Klein, has launched a new online learning platform for kids called JAM.com. The company also quietly closed a $4 million round of venture funding led by Learn Capital, joined by Spark Capital, at the end of 2015 to support the development of JAM, Klein told TechCrunch. Courses on DIY’s new site JAM were… Read More
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Siris Capital to buy Polycom for $2B in cash, Polycom cancels its $1.96B Mitel merger
Here’s an interesting twist in one of the bigger enterprise acquisition stories of 2016. After Mitel earlier this year announced that it would acquire Polycom for $1.96 billion and consolidate the two companies’ enterprise communication businesses, today private equity firm Siris Capital has come in with a higher offer: it has agreed to acquire Polycom for $2 billion in cash and… Read More
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New reports confirm $1.15B leveraged loan raised by Uber at 5%
Two weeks ago, we reported that Uber was in talks to raise $1-2 billion in leveraged loans. The Wall Street Journal is circulating new information that the company has closed a $1.15 billion leveraged loan, with a 5 percent yield. This number comes in on the low side of our previous estimates. Last month, sources confirmed to TechCrunch that Uber had plans to raise $1-2 billion in… Read More
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Drupe reimagines the address book with $3 million in funding
The mobile phone has transformed quite a bit in the last ten years, but the heart of it — the address book — hasn’t changed much. Drupe, with brand new funding, is looking to accelerate the evolution of the Phone Book. The company today announced $3 million in new funding from Canaan Partners Israel and Sweet Capital, a fund that was spun up by the founders of Candy Crush… Read More
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Black Swan Data scores £6.2M to help companies make better use of consumer and public data
Data science and tech startup Black Swan Data, which has built a platform to let companies improve their business/marketing intelligence by mining and crunching both public and internal consumer data, has closed £6.2 million in Series B funding. Light raises $30M and announces L16 camera is delayed until 2017
If you were eagerly awaiting your “late summer” delivery of your pre-ordered Light L16 camera, today will bring an impatient tear to your eye. In parallel with announcing having raised $30 million from GV (nee Google Ventures), the company sent out an email to early supporters telling them they’d have to wait for a while longer — until “Early 2017,” that is. Read More
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Agriculture tech startup KisanHub raises $1M Seed
Agriculture tech startup KisanHub is on a mission to make farming more ‘connected’ to help farmers “grow more and use less,” says co-founder and CEO Sachin Shende. Service Partner One closes $10M Series A to move office management services online
Service Partner One is a Berlin-headquartered startup that is bringing the booking and management of various office management services online, via its website and/or iPad and iPad app combo. Google buys French image recognition startup Moodstocks
Two weeks after Twitter acquired Magic Pony to advance its machine learning smarts for improving users’ experience of photos and videos on its platform, Google is following suit. Today, the maker of Android and search giant announced that it has acquired Moodstocks, a startup based out of Paris that develops machine-learning based image recognition technology for smartphones whose APIs… Read More
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