Fundings & Exits
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Dyson Invests $15M In Michigan Battery Tech Firm Sakti3
Batteries are often still the main limiting factor when it comes to most electronic devices we use every day, and that includes electric vehicles. That’s why Dyson has invested $15 million into Sakti3, a Michigan-based firm that is developing a solid state battery tech that theoretically has much higher energy density (power per inch, essentially) than the current, liquid-based Lithium… Read More
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Facebook Buys And Shuts Down Shopping Site TheFind To Boost Commerce In Ads
Facebook today announced it has acquired personalized shopping search engine TheFind to help improve its commerce ads. TheFind had raised $26 million from Lightspeed and Redpoint since getting off the ground around 2005, but will now be shut down. Some, but not all, members of the team are joining Facebook. Read More
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Twitter Confirms Periscope Acquisition, And Here’s How The Livestreaming App Works
Today Twitter officially announced its January acquisition of livestreaming app Periscope. According to several sources, it will be launched as a separate app from Twitter with the ability to watch both live and previously broadcasted mobile video streams. That lack of ephemerality is the first of many differences between Periscope and Meerkat, the livestreaming app that recently launched… Read More
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Splash Soaks Up $6M To Make Promo Events Seem Cool
Eventbrite looks like it was designed in a basement circa 2005. It works great, but gives a boring first impression. Splash, meanwhile, wants you to feel like you’re at the party from the moment your invited. That’s made it the new darling of event marketing teams at Nike, Anheuser Busch, the NBA, Google, and Spotify. While I’m used to a SXSW flood of Eventbrites and… Read More
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Photobucket Brings Back An Original Founder With Acquisition Of Photo Chat App Lasso
Photobucket is today announcing the acquisition Lasso, a private photo-sharing and chat app that was designed to simplify the challenges around requesting photos from family and friends. The deal will see Photobucket bringing one of its original founders back into the fold, as Alex Welch, Lasso’s co-founder, will now rejoin the team and serve as an advisor to Photobucket going… Read More
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Amazon Has Quietly Acquired 2lemetry To Build Out Its Internet Of Things Strategy
Amazon is taking another step into the Internet of Things. TechCrunch has learned, and confirmed, that the e-commerce and cloud services giant has acquired 2lemetry, a startup based out of Denver that has developed an enterprise-focused platform to track and manage IP-enabled machines and other connected devices.
Terms of the deal, which we heard was finalized earlier this week, were not… Read More
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Spayce Takes On Yik Yak With A Location-Based Social App For Sharing “Moments,” Not Gossip
While popular location-based social app Yik Yak struggles amid controversy and on-campus bannings, a newcomer called Spayce is gearing up to compete with its own take on local social networking. Its few-weeks-old app forgoes anonymity by default, and instead encourages community members to share their photo and video “memories” happening around a given location, whether that’s… Read More
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Three 20-Somethings Sell College Project To Docker
It’s been quite a whirlwind journey for the three founders of Kitematic, a tool that helps dramatically speed up Docker installs. Less than two years ago they were college students working out of their apartment near the University of Waterloo when they came up with the idea that would become Kitematic.
Today, those three founders — Jeff Morgan, Michael Chiang and Sean… Read More
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Greenhouse Rakes In $13.6M B From Benchmark To Save You From Recruiting Hell
Hiring is the No. 1 thing founders waste their time on. Not because it’s not important. Bad hires can be toxic. But because it’s inefficient. Sourcing, interviewing and selecting candidates is tough enough, and most recruiting tools can’t tell you where you’re burning time or money. Yet Greenhouse can. After its 450 customers, including Evernote, Zenefits, and Venmo,… Read More
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Get Ready For Box’s Earnings
Box, a cloud storage and productivity company, will report its first quarterly earnings result today after the bell. The market expects Box to announce a $39.75 million loss on revenue of $58.03 million. Billings are expected to total $80.85 million for the period — Box’s fourth quarter of its fiscal 2015. Read More
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