Fundings and Exits

Welcome back to Equity, our podcast for all things venture capital and tech business. I host along with Matthew Lynley and Alex Wilhelm, who was out-of-town (how dare he). This week we were joined by Rob Coneybeer, who is co-founder and managing director at Shasta Ventures. We talked about Uber (what else?!), which shared its growing
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There are more than 1 billion cellphone users in India, which abruptly went cashless last November, when Prime Minister Narendra Modi announced that millions of high-denomination currency notes would no longer be legal tender. These two developments play nicely into the vision of Ezetap, a six-year-old, Bangalore-based startup whose software as a service is used by more
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It’s official…Amazon says its purchase of Whole Foods will close on Monday. According to the release, “the two companies will together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone. As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a selection of
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Finland-based ICEYE is launching a constellation of microsatellites with the aim of helping provide a view from space where traditional imaging cannot, with images delivered within a few hours using a technology that is typically very expensive and difficult to deploy. The startup uses something called synthetic-aperture radar (SAR) to observe Earth even through clouds
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: In our series A Look Back In IPO, we’re diving back into the S-1 documents of tech’s biggest players. What were today’s giants like back when they first filed to go public? After looking into Amazon, Microsoft
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Home, a Berlin-based startup that offers an app to help landlords manage their properties, has raised €3 million in seed funding. EQT Ventures led the round, along with the company’s existing investor, Redalpine. Claiming to already have more than 100,000 apartments being managed through its app since the company was founded last year, Home aims
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Databricks, a big data analytics platform built by a team that grew out of the Apache Spark project, today announced that it has raised a $140 million Series D round led by Andreessen Horowitz, with participation from New Enterprise Associates and Battery Ventures. This brings Databricks’ total funding raised to date to $247 million, which
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German automotive giant Continental is furthering its push into the future of transportation after it got its check book out to acquire Quantum Inventions, a Singapore-based company that specializes in mobility data services. The deal was announced in July with little fanfare and it is officially undisclosed, but a source told TechCrunch that it is around the
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In an announcement about a set of new discovery tools, Amazon-owned video game streaming site Twitch also unveiled that it recently acquired Palo Alto-based video indexing platform ClipMine. The startup’s technology is now being put to use to translate visual information in videos – like objects, text, logos and scenes – into metadata that can
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Bay Area startup Ripcord just scored a $40 million Series B, following its successful launch earlier this year. By all accounts, the company has apparently hit the ground running with its decidedly unsexy goal of using robots to digitize paper records for large corporations and organizations. According to CEO Alex Fielding, Ripcord already has a
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China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and JD.com agreed to invest nearly $12 billion into state-run mobile operator China Unicom. China Unicom is the country’s second largest operator with 269 million mobile customers, which makes it
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We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund, first noted by PEHub, targeting AI investments. Ng, who
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Microsoft today announced that it has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. The financial details of the deal were not disclosed. While Microsoft plans to use the company’s expertise to improve its Azure service
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Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even phone chargers to name but a few — but how about farming equipment? That’s the case in India, where a startup called EM3 AgriServices is helping
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Target has acquired San Francisco-based transportation technology company Grand Junction, in order to help it move more quickly into the business of same-day delivery. The company had already been working with Target on a same-day delivery pilot program in New York’s Tribeca neighborhood, prior to this deal. That pilot will expand this fall to more
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Serverless applications are all the rage right now — and some companies are even leapfrogging containers to go all-in on services like AWS Lambda and Azure Functions. Unsurprisingly, these services are now spawning their own startup ecosystems. IOpipe, which is coming out of beta today, is an application operations platform (with a current focus on
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