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Homebrew closed $90 million fund
Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed-stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Read More
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New book vividly reveals Snapchat’s sexty dorm-room origin
“He wouldn’t have to worry about sending a hookup a picture of his junk! And girls would be way more likely to send him racy photos if they disappeared.” That’s just a taste of juicy details found in “How to Turn Down a Billion Dollars: The Snapchat Story,” a new book coming out tomorrow from former TechCrunch reporter Billy Gallagher. Read More
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Essential reportedly only shipped 88,000 phones in 2017
Essential knew it had a hard road ahead of it. Andy Rubin and company acknowledged as much when they launched a handset aimed at taking on the likes of Apple and Samsung. Given that the company hasn’t issued anything in the way of official numbers thus far, a new batch of numbers from IDC are the best we have to go on at the moment — and things don’t look great. Read More
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Tom Brady, Michael Strahan and Gotham Chopra are launching a new sports media startup
The Super Bowl is over, but Tom Brady is still at work. The quarterback who will undeniably go down in NFL history as one of the greatest of all time is already thinking about his next act. Alongside Michael Strahan (another football great turned pop cultural icon) and Gotham Chopra (producer, director and former war correspondent), Brady is launching a new sports media startup. Read More
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Amazon may be developing AI chips for Alexa
The Information has a report this morning that Amazon is working on building AI chips for the Echo, which would allow Alexa to more quickly parse information and get those answers. What to expect from Mobile World Congress 2018
The world’s largest phone show is set for Barcelona later this month, and it’s shaping up to be an interesting one — particularly in the wake of what amounted to an extremely lackluster CES last month. We’re still a couple of weeks out from the actual event, but the rumors have already started flying. Read More
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Facebook is pushing its data-tracking Onavo VPN within its main mobile app
Onavo Protect, the VPN client from the data-security app maker acquired by Facebook back in 2013, has now popped up in the Facebook app itself, under the banner “Protect” in the navigation menu. Clicking through on “Protect” will redirect Facebook users to the “Onavo Protect – VPN Security” app’s listing on the App Store. We’re currently… Read More
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Instacart has raised another $200M at a $4.2B valuation
Despite plenty of uncertainty swirling around Instacart and its complex relationship with Whole Foods — now owned by Amazon — investors still seem to not be too worried, and are pouring a fresh big round of financing into the startup that values it at $4.2 billion. Instacart said it raised $200 million in a new funding round this morning led by Coatue Management, as well… Read More
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XebiaLabs lands $100 million Series B led by Susquehanna Growth Equity and Accel
XebiaLabs, the Boston-based software startup that helps companies automate DevOps functions, announced a healthy $100 million Series B investment led by Susquehanna Growth Equity and Accel. Today’s investment brings the total raised to $121.5 million. Derek Langone, Xebia’s CEO says they raised the money out of a desire to expand more rapidly. “You always want to raise money… Read More
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nOCD, an app created to help people treat obsessive-compulsive disorder, will launch an Android version and add more features after raising a $1 million seed round from early-stage healthcare investment firm 7wire Ventures.