Fundings & Exits
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Retale, The App That Puts Weekly Store Circulars On Your Smartphone, Raises $12 Million
It used to be that when shoppers were interested in learning about the latest sales from their favorite local stores, they would turn to the printed circulars that came with their newspaper subscriptions. But in the mobile age, people aren’t relying on newspapers as much to get their daily news, and they’re not browsing through printed flyers to find out what’s on sale… Read More
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IAC-Owned Ask.fm Acquires Recipe Network Foodily
IAC-owned social network Ask.fm has acquired the entire team behind recipe network Foodily, the companies are announcing today, which includes those focused on product, engineering and design. These nine team members will now be tasked with the continued development of Ask.fm’s Q&A platform, while the Foodily website and mobile app will be maintained by a separate division within IAC. Read More
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Acceleprise Accelerator Aims $3.5M Fund At Early Stage Enterprise Apps
Acceleprise Ventures, a San Francisco-based incubator anchored by investor Sean Glass, announced a new $3.5 million fund with a pronounced enterprise app bent. It also announced 10 newly funded companies.
The company works with 8-12 pre-seed B2B companies per round to help them grow from acquiring their first customers “to building scalable and repeatable processes that can fuel… Read More
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Microsoft Acquires Surface 3 Pen Tech From N-trig
Microsoft has confirmed the acquisition of pen technology used in the Surface Pro 3 and Surface 3, from supplier and longtime partner N-trig. The Israeli company is a key patent-holder for digital stylus and writing recognition tech, as well as the supplier behind the pen input technologies used by both Microsoft and many of its OEM partners. So this brings in-house one of the technologies… Read More
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Rocana Lands $15M To Bring Big Data Analysis To IT Ops
Rocana (formerly ScalingData) announced $15 million in Series B funding led by Google Ventures with General Catalyst Partners, Toba Capital and Paul Sagan (former chairman at Akamai and current executive in residence at General Catalyst) also contributing. This round brings the total raised to $19.4 million. Rocana aims to simplify and speed up how companies running large data center… Read More
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Warby Parker Now Worth $1.2 Billion, Focusing On Building More Brick-And-Mortar Stores
The e-commerce eyeglasses retailer Warby Parker has raised $100 million to expand physical store locations from 12 to 20 by year’s end and to work on technology that will allow customers to conduct eye exams on their mobile phones.
Global investment management firm T. Rowe Price led the round, along with participation from Wellington Management and from previous investors Tiger Global… Read More
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Mobile Action Raises $2 Million To Help App Makers Attract More Users
Getting apps discovered in an increasingly packed app store is a challenge. This is why a number of firms have launched services to help app publishers figure out how to better optimize their app’s search result ranking when users type in various keywords, as well as gain other competitive intelligence. One such firm, San Francisco-based Mobile Action, has now closed on $2 million in… Read More
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Microsoft Predicts Its Commercial Cloud Revenue Will Reach A $20B Run Rate In Its Fiscal 2018
Microsoft announced today at its Build developer conference that during its fiscal 2018 — after the middle of 2017 for the rest of us — its commercial cloud revenue will hit a $20 billion run rate. That means that the products Microsoft lumps together as “commercial cloud” — Azure, Office 365 for corporations, etc. — will generate around $5 billion in… Read More
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DroneBase Lets Any Business Rent A Drone And Pilot
You don’t want to own a drone. Or learn to fly a drone. Or hire someone full-time to fly a drone. And you definitely don’t want to pay for a helicopter, plane or satellite. You just want some aerial photos or videos of your work site, real estate or infrastructure. Now, thanks to DroneBase, you can get the benefits of unmanned aerial vehicles without the hassle. Read More
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Secret Shuts Down
[Update: Secret has confirmed it will shut down and give investors back their money] Anonymous sharing app Secret will shut down soon, according to sources close to the company. The announcement could be made as soon as today or tomorrow, and there’s some talk of current employees receiving modest severance packages. Having raised $35 million, it’s unlikely that the company is out… Read More
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