Fundings & Exits
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Fotokite Phi Is A $349 Drone On A Leash That Needs No Pilot, Just A GoPro
Drones are the future of photo journalism, but the problem is you usually need a dedicated pilot. Unless you have a Fotokite. It’s a quadcopter on a retractible dog leash. Strap a GoPro to it, and it automatically records whatever you’re doing at the end of its tether while automatically hovering between 1 ft and 26 ft away. Today, the first consumer Fotokite model called Phi… Read More
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Fig Lets You Crowdfund Computer Games For Profit, Not Just Fun
A conspiracy has been hatched by the world’s top Triple-A and indie developers to change the way computer games are financed. It’s called Fig. It’s a highly curated reward and equity crowdfunding funding platform just for games. Each month, Fig will debut one major studio title and one independent release, and already has campaigns lined up from lauded studios… Read More
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Index And Connect Ventures Back Marvel To Let You Turn Sketches Into Mobile App Prototypes
Marvel, the U.K. startup that lets you turn sketches into mobile app “prototypes”, has picked up a new $2 million ‘seed extension’ round of funding. The company is also rolling out two new features: a user testing feature, and an online community where Marvel-created prototypes can be uploaded and shared. Read More
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Why Google Became Alphabet, Explained In 120 Seconds
What are the pros and cons of Google reorganizing itself as Alphabet? Well, Larry gets to play with the future, Google can focus on more ambitious projects, and it could help the company retain top talent. But will the independent Alphabet company CEOs get frustrated relying on Larry for resources? Here’s everything you need to know in a quick two minute video. Read More
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Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More
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On-Demand Massage Startup Soothe Unwinds With $10.6M In New Funding
Soothe, which sends massage therapists to clients’ homes, is smoothing its expansion with $10.6 million in new funding. The startup’s new round was led by The Riverside Company and will be used to hire key employees, improve its platform’s technology, and acquire new users with the goal of turning Soothe into a ”trusted household name,” says founder and chief… Read More
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Lightricks, The Creator Of Facetune, Lands $10M To Develop New Photo-Editing Apps
Lightricks, the startup behind popular selfie app Facetune, will focus on developing its image processing technology after snapping up $10 million. Led by Carmel Ventures, this represents Lightricks’ first external funding since it launched in 2013. The Jerusalem-based company, which has 30 employees, claims its yearly revenue run rate is now $10 million. Lightricks also makes… Read More
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Symantec Sells Veritas Division To Private Equity Group For $8B
Symantec announced today that it had sold its Veritas division to The Carlyle Group, a Washington, DC-based private equity firm for $8 billion in cash. The move comes after Symantec, mostly known as a computer security company, announced it was splitting into two separate publicly traded companies last fall. The first was going to be Symantec, which as you might expect focused on security… Read More
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Google Shares Spike 6% After ‘Alphabet’ Restructuring
Google just announced a big restructuring of the company, sending shares up about 6 percent in extended trading. After the announcement, shares of Google rose 5 percent, but have since risen even further. As part of the restructuring, Larry page is now the new CEO of a parent company called Alphabet, while Sundar Pichai will be CEO of Google. According to a regulatory filing,… Read More
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This Is My Jam Shuts Down Without Screwing Users
“We’re deleting everything in a week because we got acquired/ran out of money”. This is a familiar scene when a startup shuts down. It’s why I’ve wondered if users deserve a “Data Portability Bill Of Rights”. Startups could sign it, pledging a way for users to access or export what they poured in if the company goes under. Those that signed it would get… Read More
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