Fundings and Exits

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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Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, is opening its ICO today at 12pm PT / 3pm ET today. Last week Filecoin concluded a much talked about “advisor” sale that brought in a total of $52M from ~150 investors including Sequoia Capital, Andreessen Horowitz, Union Square Ventures, Winklevoss Capital
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Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: For the average American, the name “SoftBank” doesn’t mean much. It’s neither soft nor, technically, a bank. It’s a sprawling Japanese mobile carrier, internet service provider and holding company for other businesses ranging from cloud services and self-driving cars to energy trading. And
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Here Be Dragons, an immersive production studio focused on virtual reality content, has closed a $10 million Series A round led by Discovery Communications with participation also coming from David Droga and David Jones. The raise sets the virtual reality studio’s valuation at $55 million pre-money, the company confirmed to TechCrunch. As part of the round,
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Roivant Sciences, a three-year-old, Basel, Switzerland-based company aiming to one day be a giant holding company for dozens of independent biopharmaceutical companies, has raised $1.1 billion in equity led by the SoftBank Vision Fund — making it the latest in a string of enormous bets by SoftBank, and putting the young outfit more squarely on
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Pro.com started out as a marketplace that wanted to connect homeowners with home improvement and renovation professionals. Today, however, the company is a tech-centric general contractor with licenses in Washington state and California — and it’s also probably one of the best-funded general contractors. The company today announced that it has raised a $10 million
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