Fundings & Exits
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Amazon’s Web Services are shining in its latest earnings beat
Amazon posted its first-quarter earnings today, and boy did they not disappoint: it beat what analysts were expecting on nearly all fronts, and the stock is up more than 12% after its huge beat. The big one here, in particular, is Amazon Web Services. AWS has become a go-to for most businesses, so it’s not surprising that it’s seeing that segment continue to grow steadily. The… Read More
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Acqui-hire experts Tasman acqui-hired by consulting juggernaut Ernst & Young
So you wanna buy a startup? But how do you get the deal signed and roll their team into yours? Consulting behemoth Ernst & Young wants to have the answers and rule M&A advisory services in Silicon Valley. So today it acqui-hired Tasman Consulting, Bay Area specialists in integrating acqui-hires and acquisitions into their new parent companies. Read More
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Nokia buys France’s Withings for €170M to ramp up in health tech and IoT
Nokia’s history as the world’s biggest mobile phone maker is becoming a distant memory, but it’s not out of the gadget business just yet. To build out its health technology business, the company today announced that it has acquired Withings, makers of smart scales, activity trackers, and other health gadgets. Withings is based out of France, and with Nokia in Finland,… Read More
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Leaked Postmates financials suggest company might be doing better than everyone thought
Postmates, the delivery app, is often seen as emblematic of the struggling on-demand businesses. Countless venture capitalists have told TechCrunch that the company, despite its popularity with consumers, is doomed because its unit economics don’t add up. The costs of paying the couriers is greater than the money generated from delivery fees, according to the narrative. And naysayers… Read More
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Stealthy startup Preempt Security scores $8 million Series A
Preempt Security, a startup still in stealth, came out of hiding today enough to announce an $8 million Series A round. Beyond that we know only a limited amount about what makes them worth such an investment. The round was led by General Catalyst with participation from Mickey Boodaei and Rakesh Loonkar, the founders of Trusteer, and Paul Sagan, the former CEO of Akamai Technologies.… Read More
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Shots acquires Mindie to build a teen video app empire
Mindie does with soundtracks what Instagram did with filters: It makes boring imagery interesting. And with the insane amount of video that teens are sharing, the music-video-making app seemed too useful to die when its creators shut down Mindie in December. So Mindie’s technology is getting dug out of its grave thanks to an acquisition by Shots, the selfie app turned comedy feed backed… Read More
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CVS invests in Curbside to bring mobile orders and store pickup to its retail stores
As brick-and-mortar commerce continues to shift online — whether that’s to competitors like Amazon, through online ordering systems or into instant delivery apps — traditional retailers are looking for new ways to accommodate a customer base that now wants the increased convenience that comes with not having to park their cars, then wander around the store, cart in hand. Case… Read More
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Rinse raises $6 million to expand its laundry pick-up and delivery service
Rinse Inc. has raised a $6 million Series A round of venture funding to pick up and clean anything in its customers’ closets. According to Chief Executive Ajay Prakash, who cofounded Rinse in 2013 with Chief Operating Officer James Joun, “We never wanted to b Uber for laundry, and don’t consider ourselves an on-demand business.” The startup provides garment care services… Read More
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Diamanti emerges from stealth with appliance to modernize operations in containerized world
Diamanti, a startup aimed at solving the problems around balancing networking and storage requirements in the age of containers, emerged from stealth today with a new appliance and $12.5 million in Series A funding from a prestigious list of investors. Perhaps those investors — Charles River Ventures, DFJ Venture, GSR Ventures, and Goldman Sachs — liked the pedigree of the… Read More
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GoDadddy CTO and cloud VP heads to Google
GoDaddy’s chief technology officer — amid a time when the company is expanding its cloud-computing operations — is departing, according to a regulatory filing. Elissa Murphy will be leaving the company later in May. Her departure comes as GoDaddy has begun building out cloud infrastructure, helping it evolve from a simple hosting service to something more robust. These kinds… Read More
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