Startups
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Lyft gained from Uber’s scandals, sees revenue triple
Lyft appears to have benefited from Uber’s tough year.
The U.S. rival has seen its revenue growth more than triple, according to a report from The Information. The media outlet viewed financial reports, which showed Lyft brought in $483 million in revenue in the first half of 2017, compared to about $150 million in the same timeframe last year.
The company also greatly improved its… Read More
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Dropbox acquires Verst team, publishing platform will shut down on Dec. 21
The team behind Verst is joining Dropbox, in an acquisition that marks the end of the Verst publishing platform. The startup actually started life as DWNLD, a platform that transformed websites into mobile apps. It raised a $12 million Series A led by Grelock Partners before shifting focus to Verst, which launched earlier this year as a blogging platform that has traffic and revenue… Read More
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H2O.AI snares $40M Series C investment led by Wells Fargo and Nvidia
H2O.AI started almost six years ago with a mission to simplify and democratize artificial intelligence. Today the company announced a $40M Series C round. Nvidia and Wells Fargo led the round with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures. Today’s investment brings the total raised so far to $75 million. The last round was… Read More
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WeWork has big plans for Alexa for Business
Amazon is soon to announce Alexa for Business, and WeWork is one of the first partners to have hopped on the platform. WeWork’s vision is to use technology to help businesses make the most out of their physical space, all while customizing that space to each individual’s personal needs. The co-working giant has been on the Alexa for Business platform for about a month now, as part… Read More
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Stationhead allows anyone to become a streaming radio DJ, with live listener calls
Streaming services like Spotify have turned playlists into one of the main ways to discover new music, but I’d argue that they’re missing some of the personality of traditional radio — the kind of radio where I knew not just the names of my favorite DJs, but also what kind of music they liked and random details about their life. That’s the experience that Stationhead,… Read More
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Japanese bitcoin exchange bitFlyer is coming to the U.S
Japanese cryptocurrency exchange bitFlyer announced today it’s expanding to the U.S, with approval to operate in 41 states starting today. This includes regulatory approval in New York via the state’s Department of Financial Services’ “BitLicense”, which only five other cryptocurrency companies currently have. For comparison, Coinbase has approval to operate in… Read More
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Instacart signs deal with Albertsons
Instacart has inked a deal with Albertsons to offer same-day delivery from the grocery store chain.
The deal will include 1,800 of Albertsons stores across the country by mid-2018, helping Instacart deliver on its promise to be available in 80 percent of markets across the U.S. by the end of 2018.
This isn’t Albertsons first foray into the tech space. Earlier this year, the company… Read More
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Adobe previews new Photoshop feature that uses AI to select subjects
While Photoshop users have gotten pretty damn good at masking humans and other subjects over the years, it still remains one of the most tedious tasks in the app. But the days of Magic Wand masking will soon be over.
Adobe today teased an upcoming feature that uses AI to identify and automatically mask subjects in the image. The feature is called Select Subject and it uses Adobe’s AI… Read More
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Airbnb launches payment splitting for group trips
In February of this year, Airbnb acquired social payments startup Tilt. Today, the fruits of that acquisition are being passed along to Airbnb users. Starting now, Airbnb users have the ability to split payments with their fellow travelers. Before now, one traveler was forced to front the cost of the trip and hope that their friends/colleagues/family were responsible enough to pay them back in… Read More
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Veem opens up global payments platform to developers with new API
If you’ve ever tried to do business across borders, you know how painful it can be to send a wire transfer, wait for the payment to clear the bank and pay a set of fees along the way. Veem is a startup trying to simplify all of that for SMBs by providing a platform to ease the international transfer of funds between businesses. Today, it announced it was opening up that capability to… Read More
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