Fundings & Exits
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Skydio Makes Drones Smart So Pilots Can Be Dumb With $3M From Andreessen
“In five years, the notion of a drone crashing will be a weird, foreign thing” says Adam Bry, co-founder of drone auto-pilot startup Skydio and founding member of Google’s Project Wing drone delivery project. Skydio connects a drone’s cameras to its flight computer so it can avoid obstacles and maneuver on its own without GPS. Today Skydio announced it’s raised… Read More
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Neo Technology Bags $20M As Graph Databases Get Hot
Neo Technology, developers of the neo4j graph database have been growing steadily, and investors have noticed, rewarding them with a $20M Series C pay day. Creandum led the round joined by Dawn Capital and current investors Fidelity Growth Partners Europe, Sunstone Capital and Conor Venture Partners. The company’s last funding round was in November, 2012 for $11M, and this latest… Read More
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UK’s Purple WiFi Raises $5M To Push Its Free Social WiFi Service Abroad
Free public WiFi has become one of the more popular ways that cafes, shops and other public places attract users and then use the connections to serve ads and collect other kinds of anonymised analytics. Now, a startup out of the UK called Purple WiFi has raised some funding for its own twist on the idea: letting people log in using social IDs from Facebook, Twitter, Google or Instagram… Read More
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Tinder Acquires Ephemeral Messenger Tappy
Tinder has just closed its first acquisition. The IAC-backed startup has purchased Chill, creators of Tappy, as part of a strategic acquihire. The terms of the deal were not disclosed. Tappy is a mobile messenger that uses photos and ephemerality to put a new face on text messaging. All messages disappear after 24 hours, and Tappy’s conversations must begin with a photo. From there, you… Read More
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Demandware Snags Point Of Sale Provider Tomax To Extend Reach From Web To Store
Demandware announced today that it bought Tomax, a cloud-based point of sale company for approximately $75M in cash and incentives.
According to Demandware CEO Tom Ebling, the acquisition extends Demandware’s reach from eCommerce websites to the brick-and-mortar storefront. Ebling said that they were attracted to Tomax for several reasons.
First of all, like Demandware, they are… Read More
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Restaurant Discovery Site Zomato Buys IAC’s Urbanspoon, Enters The U.S.
Zomato, the restaurant discovery site backed by Sequoia, has bought Urbanspoon from IAC, the latest in a string of acquisitions around the world. Terms of the deal were undisclosed, but sources tell TechCrunch it was between $50 million to $60 million. This marks the entrance of Zomato into the U.S. market, and is also notable because it is one of the few instances of an Indian tech company… Read More
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Mobile App Engagement Startup Accengage Raises $3M
French startup Accengage, which provides mobile app engagement tech for push notifications, in-app messages and mobile retargeting, has raised a $3 million round in funding from private equity and venture capital firm OTC Aggregator, and the mobile marketing company Mobile First Alliance. Read More
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Samba Bags $377K, Post B2B Pivot, To Grow Its Mobile Video Ad Network
Samba Networks (formerly Samba Mobile) has closed a $377,000 angel round of investment from Digicel, Mark Charkin (formerly of King.com and Bebo), and other existing angels, followed its pivot last year. Vouch Helps Lower Interest Rates On Loans By Leveraging Your Social Network
Vouch Financial, a social lending startup founded by ex-PayPal and ex-Prosper alumni offering customers loans with lower interest rates, has raised $3 million in new funding, according to an SEC filing. The company also confirmed the investment details to us, noting that the round, led by Alex Rosen of IDG Ventures, actually closed last year but had yet to be disclosed. Other investors… Read More
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Facebook Acquires Wit.ai To Help Its Developers With Speech Recognition And Voice Interfaces
Facebook today acquired Wit.ai, a Y Combinator startup founded 18 months ago to create an API for building voice-activated interfaces. Wit.ai already has 6,000 developers on its platform who have built hundreds of apps. Wit.ai’s platform will remain open and free, which makes it seem that Facebook wants to use the technology to draw developers into its Build-Grow-Monetize loop where they… Read More
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