Skip to main content

Posts

CRM startup Beamery raises $28 million to expand its enterprise services

image credit : Beamery

London based startup Beamery which offers a platform for talent Customer Relationship Management (CRM) and is one of the most notably used recruitment tech platforms has just raised $28 million in Series B funding in an investment round led by EQT Ventures and also saw participation from other investors including Index Ventures, M12 (Formerly named Microsoft Ventures), AngelPad and a slew of others.

Beamery was founded 4 years ago to provide quality CRM services for various companies which provides them with competitive advantage as they get the best talent recruited for their teams, The company currently counts Facebook, E-commerce firm Lazada, VMware, Ride-hailing firm Grab and ad-tech company Criteo as its current customers.

This new investment will be put into the area of customer growth for the company as the company will be boosting up hiring at its offices to pitch its products and gain more customers in addition to the long list of people who currently u…
Recent posts

Fox accepts Disney's upped $71.3 Billion dollar acquisition bid over Comcast's deal

image credit : Wikimedia/Nehrams2020 via CC License

As of recently, The Fox media empire which has been prepping for a sale with different bids from both media titans Comcast and Disney has now accepted Disney's just recent upped bid of $71.3 Billion in both cash and stock according to a recent report from Bloomberg.

This deal by Disney represents the company's largest media acquisition surpassing its 2006 acquisiton of Pixar Studios for $7.4 Billion along with a huge 2001 acquisition of Fox Family Worldwide for $5.3 Billion and a 2012 acquisition of Star Wars producer LucasFilm for $4.1 Billion.

This acquisition move began after Disney proposed to acquire Fox's assets for $52.4 Billion December last year and with competing deals from Philadelphia based Comcast which brought an acquisition deal of $65 Billion, Disney had to boost its acquisition price to amount to $38 a share which is higher than the $35 a share bid by Comcast and Fox has now accepted this deal saying it o…

Airbnb founders along with other tech companies condemn Trump's harsh family separation policy

After the recent wake of the immigration issue of family separation which has seen several children separated from their parents as the U.S.-Mexico border and caused a wide outcry across the globe amidst released info and photos of worried parents seeking to be re-united with their children who are left isolated from both them and their family members, The founders of online marketplace and hospitality service Airbnb where travellers around the globe and is a huge mover in the world of immigration has condemned the act of family separation by immigration enforcement in a statement which describes the act as "Cruel, Immoral and counter to the values of American Belonging" and calling for the need to stop this injustice and re-uniting these children with their parents.

Along with Airbnb, Apple CEO Tim Cook describes described this act as "Inhumane", Software giant Microsoft described this act as "Dismayed" with Cloud communications company Twilio co-founde…

PayPal is acquiring SF based Fintech company Hyperwallet for $400 million

image credit : Hyperwallet

Founded 18 years ago with a mission of making global payment services readily and easily accessible to all, Fintech company Hyperwallet which offers payout platforms to several financial institutions and various companies has now been acquired by payments giant PayPal which will further its goal and add it to its list of financial services which the technology company offers to various consumers around the globe.

Hyperwallet's platform offers multiple currency transfer around the globe to various consumers and this feature makes it a very desired addition for PayPal's suite of products which it offers to its over 230 million worldwide users.




Paypal and its Braintree service users which was also added through an acquisition is poised to get "multi-currency payment distribution capabilities in more than 200 markets with numerous disbursement options" according to Hyperwallet which counts huge global market presence along with several offices a…

Just immediately after CrowdStrike, Cybersecurity major player Cylance raises $120 million for its AI powered security platform

Irvine based cybersecurity startup Cylance which provides AI based cyber-security services to organizations just like its competitor CrowdStrike which recently raised a huge $200 million to expand its services has now raised a huge $120 million in a Series E round from investment company and asset manager Blackstone to boost up its math based cyber-security solutions which it provides to its global customers around the world.
Cylance is getting this huge investment from Blackstone who also led its most previous Series D round where the company raised $100 million from a slew of investors which also included Dell Ventures, DFJ, Khosla Ventures, Capital One, KKR, IVP amongst others.
The company which reached a $100 million annual revenue rate early this year has now raised a total of $297 million since its inception just 6 years ago.



The company counts 4,000 enterprise customers currently using and paying for its cyber-security products with many huge companies, government agencies and oth…

Wealth Management startup SigFig raises $50 million to expand acceleration and development for its financial services

image credit : SigFig

San Francisco based wealth management startup SigFig which makes use of deep data science and technology to provide better and quality investment advice to financial services firms around the globe has raised $50 million in its latest Series E round led by NY based major tech investor General Atlantic and also saw participation from Bain Capital, Union Square Ventures and Eaton Vance Management who are both returning investors amongst others who participated in the round.

With this latest investment, SigFig has raised a total of $117 million since its start in 2007 and counts Zenefits co-founder and former CEO Parker Conrad as a co-founder before his departure in 2012 after a falling out with the other co-founder of the company Mike Sha.




SigFig is making use of this latest investment to accelerate its technology based solutions to provide more in-depth and resourceful advice for wealth advisors, banks and a series of other financial customers.

The company current…

Gaming and Entertainment startup Scopely raises an additional $100 million for its Series C Round from Greenspring

image credit : Scopely

Los Angeles based Gaming startup and entertainment network Scopely which was founded in 2011 and is notable for publishing various popular game titles such as WWE Champions, The Walking Dead: Road to Survival, Dice with Ellen and a series of other widely played games has raised an additional $100 million for its latest Series C round to make new investments and acquisitions.

The company originally raised $60 million in this Series C round but due to over-subscription and very good interest from various investors, The company has taken on this additional $100 in funding from Maryland based Greenspring Associates which currently manages over $7.3 Billion in investing assets and provides customized venture capital partnerhips for notable individuals and corporations around the world.




This brings the amount totally raised by Scopely to a huge $250 million with the company also very notable for its vast individual investors consisting of a team of Arnold Schwarzenegg…

Corporate Catering startup ezCater nabs $100 million in Series E round to expand its services

Boston based startup ezCater which provides business catering and online ordering services to bring good food to meetings and business gatherings has now raised a huge $100 million in a newly announced Series E investment round led by Boston based major investor Wellington Management Company and also saw participation from Insight Venture Partners(IVP) and Iconiq Capital.

The company which currently provides its services across the U.S. is making use of this investment for international expansion of its catering services.

This new funding brings the company's valuation to a huge $700 million with a total of $170 million raised for the company's operations and expansion.

ezCater prior to this raised a $35 million investment round January last year and has been growing rapidly since its founding 11 years ago.

ezCater is currently led by Stefania Mallett who started the company along with serial entrepreneur Briscoe Rodgers who has started and sold two companies Azuris Software …

Cyber-security company CrowdStrike gets $200 million Series E investment at a huge $3 Billion Valuation

image credit : CrowdStrike

Sunnyvale based Cybersecurity company CrowdStrike which was founded 7 years ago to provide endpoint security, threat analysis and other computer security services has now raised $800 million in a Series E round which values the company at a huge $3 Billion and was led by notable investor General Atlantic and saw participation from other VCs including Accel, Google's Capital G and IVP.

This new investment brings the total raised by the company to a huge $481 million having first raised its Series A funding totaling $26 million sometime in 2012.

CrowdStrike now joins the ranks of the most valued cybersecurity companies in the private market space along with other major players including Tanium, CloudFlare, Cylance, Illumio, Chinese based Tongdun technology and a slew of others.

CrowdStrike is making use of this new investment to speed up the global expansion of its Falcon suite of products which provides AI powered endpoint security services to a wide rang…

Square gets go-ahead license for cryptocurrency trading in New York

image credit : Flickr/ JD Lasica

$20 Billion+ payments company Square which was notably started by Twitter co-founder Jack Dorsey (pictured above, right) just confirmed it has gotten its license to essentially start providing Bitcoin trading services to New York residents.

This represents a huge boost for the financial technology company and also New York residents who will now get to exchange crypto-currency easily through the use of Square's app. This greatly boosts Square's virtual currency ecosystem as it has been fixated towards expansion and the provision of a wider array of financial services to consumers as of recent.

New York is considered primarily as the financial capital of the globe which still remains a huge market for financial consumers and companies alike and with this new license, Square is targeted to provide speedy trading services for numerous residents and Wall Streeters while also racking up huge revenues for itself.




Square's Cash app with 7 million …

Xerox sued by camera company Fujifilm for $1 Billion over failed acquisition

image credit : Flickr/Open Grid Scheduler

Multi-national technology company Xerox which is very notable for its print and digital document solutions has been embroiled into a legal battle regarding the botched sale of Fujifilm which is notable for its cameras and photography technology which agreed to be acquired for $6.1 Billion by Xerox who then backed out of the deal on the 13th of last month.

Fujifilm is accusing Xerox of succumbing to pressure by activist investors Carl Icahn and Darwin Deason who have combined 15% shareholdings and board seats in the company and opposed the purchase of the digital imaging company after an acquisition deal had been reached.

Fujifilm is now seeking $1 Billion in punitive damages and also a $183 million termination fee owed to it for breaking the legal agreement due to opposition from Billionaire investor Carl Icahn and Darwin Deason who is the largest individual shareholder in the company and became one after selling his IT services company Affili…

Uber booking feature removed from Google Maps on Android platform

image credit : Flickr/ Núcleo Editorial

In a recently spotted functionality move, Google maps which notably allowed Uber rides to be booked from inside the app without the need of going to the Uber app itself has now stopped this collaborative feature for currently unknown reasons.

Right now, Users will still be able to get estimated transportation costs between destinations but will have to go to the Uber app itself to hail a ride for their journey. This feature was also previously present on Google Maps' iOS app before being removed sometime last summer.

As the reason for the removal is unknown, It can be speculated that this may be due to the recent $1 Billion Google's parent company Alphabet made in Uber's major U.S. competitor Lyft and in an effort to avoid conflict of interest while providing direct access to Uber or that Uber as of now prefer its users go directly through its app to hail rides to their destinations.




As the reason is yet unclear, Uber now maintains t…

Mexican Fintech company Konfio raises $25 million in Series C investment round

image credit : Konfio

Konfio, A Mexican fintech company which makes online lending to small businesses has just raised $25 million in a Series C funding round led by Bermuda based VC Vostok Emerging Finance to expand its financial services and products in the Mexican region.

This brings the total amount the company has raised to a huge $102.7 million in addition to a debt financing round of 200 million Pesos it raised along with this Series C investment.

Konfio makes use of in-depth data which provides rapid credit assessment for small businesses which streamlines the loan application processes for these businesses while they focus on expanding their company and market operations.




In a recently outed press release, Vostok can be quoted as saying “We are excited to announce our latest portfolio investment and our first in Mexico. Konfio is an asset we have tracked for 2 years now and it represents a truly unique opportunity and a stand-out asset in Mexican SME credit space. We love sca…

Big Data startup Domo slashes its unicorn status ahead of upcoming IPO

image credit : Domo

Business Intelligence and Big Data startup Domo which was last valued at $2 Billion in its private round of funding just set the terms for its IPO as of recent and things don't really good for the company's filing.

The company filed for going public with an outstanding 24,953,806 shares priced between $19-22 each which implies an an IPO value of $546 million which is way lower than its $2 Billion unicorn status for the company which raised over $600 million from several investors including TPG, Bezos Expeditions, BlackRock, IVP and a slew of others.

This represents a loss for the company which currently operates under negative cash flow with operation costs of $148.7 million for the most recent fiscal year ended Jan 31 but with only $71.9 million cash at hand.

Domo booked $116 million in sales for the 12 months leading to April 30 2018 and is aiming to raise $189 million through the sale of 9.2 million shares in the upcoming public offering.

Domo will join …

South Korean payments startup Viva Republic nabs a huge $40 million in a Series D round from GIC and Sequioa China

image credit : Toss

Viva Republica, A top Korean startup and notable payments provider with provides peer-2-peer payments through its widely downloaded app Toss has now raised a huge $40 million in a Series D round co-led by Sequioa China and Singaporean sovereign wealth fund GIC.

This investment is ear-marked for the growth of the company which processes US$1.4 billion worth of transaction volumes each month through major investments and acquisitions and brings the total raised by the company to a huge $117.2 million dollars.

The fintech company which counts notable investors including the likes of PayPal, Qualcomm, Bessemer Ventures and a slew of others as previous backers was founded in 2013 by Seunggun Lee who was previously a dentist at Samsung's hospital arm and has enormously grown from there with its Toss P2P app racking up over 8 million users and is ever expanding its wide userbase.





This investment also counts as Sequioa China's first investment in a South Korean com…

Chinese E-commerce giant JD.com gets strategic partnership and $550 million investment from Google in new corporate round

image credit : Flickr/Daniel Cukier

As part of efforts to grow its business landscape in the Chinese region and also take on major tech competitor Amazon, Google is committing to a new startegic partnership with the e-commerce firm in a move which will see JD and its huge selection of products come to Google Shopping and with the search and software giant expanding its retail ecosystem is investing $550 million in JD.com to scale up efforts and invest in exploring new ways of making shopping effortless for global and Chinese consumers.

Google is receiving 27.1 million of JD.com's class A shares priced at $20.29 for this huge investment in addition to the collaborative effort to boost e-commerce operations will not be featuring a major operation in the country of China where Google is currently banned for issues relating to censorship laws.

Google also joins notable alike investors in the company as Tencent, e-commerce giant Alibaba and Walmart have previously invested and currentl…

Mobile Security company Zimperium completes acquisition of Mountain View based Mi3 Security

image credit : Mi3

Just recently, Mountain View based cloud cyber-security company Mi3 was snapped up by mobile security technology company Zimperium which marks the first acquisition for the company which has raised a total of $60 million from several notable investors including Samsung, Warbug Pincus, Sierra Ventures and Softbank amongst others.

With this acquisition, Zimperium is adding an important and major resource to its pool of operations as Mi3's RECON Security Platform which provides in-depth application monitoring and threat analysis will be incorporated into Zimperium's z3A app analysis platform to provide better and wider intelligent services for its users.

Zimperium which is based in San Francisco and was founded in 2010 by two hackers and security experts raised its most previous round of funding March last year and is currently fixated on growth and the offering of its services to more users, enterprises and various consumers and it makes absolute sense that th…

Michael Novogratz's Galaxy Digital invests $15 million in Blockchain company AlphaPoint

Notable crypto investor, enthusiast and asset manager who was one held a spot as No 317 on the Fobres 400 American rich list and was also featured in this year's Forbes crypto rich list has led a Series A investment round through asset management and digital services firm Galaxy Digital which he founded after his previous stint at notable investment giant Fortress which was later acquired by major tech investor Softbank into New York based digital asset exchange and blockchain platform AlphaPoint to the tune of $15 million for the expansion of its operations.

AlphaPoint which is a fintech company focused on crypto-currency and was founded 5 years ago will now make use of this investment to expand its services and invest more into resourceful expansion of the company which provides asset digitization and white label exchange for several institutions around the globe.

This investment represents the third major round participated in by Galaxy Digital which began investing this year …

E-sports team Cloud9 ups partnership with Red Bull Sponsorhip

Image credit : Cloud9

Notable e-sports league player Cloud9 which competes and is a leader in so many notable game tournaments including Fortnite, PUBG, League of Legends, Overwatch, Clash Royale and Rocket League amongst many other popular game titles has extended its partnership with energy drink brand Red Bull which will now flaunt its logo on the Cloud9 Jersey and become the official energy drink sponsor for the e-sports team.

Californian based Cloud9 which has raised a total of $28 million major investors including Yammer co-founder David Sacks, Reddit co-founder Alexis Ohanian and WWE to expand its professional multi-game e-sports operations and operates like a traditional sport team but this time focusing on video games will also get notable perks consisting of fitness training, sleep analysis and other physical services for its e-sports players from Red Bull.


Cloud9





With this extended sponsorship, The Red Bull embedded Cloud9 jersey has also been officially made available for p…

Indian energy startup Fourth Partner raises $70 Million in Series B Investment round

image credit : Fourth Partner

Indian based Solar energy company which was started 2010 to provide solar energy services to various institutions, corporations and consumers has raised a huge $70 million in a Series B investment round from notable private equity giant TPG who invested through its Rise Fund.

This brings the total investment that the sustainable energy company has gotten to $72 million in addition to its Series A round which fetched $2 million 3 years ago for the company's growth and operations expansion.

Fourth Energy which was founded by 3 entrepreneurs 8 years ago and currently counts beverage giant Nestlé, Axia bank, Ferrero SpA and Airtel amongst its customers provides long term solar power purchase and offers a real-time monitoring platform for customers to get live statistics on their installations and has garnered over 80 notable customers so far.




TPG's The Rise Fund will make use of its network of investments and extensive company growth experience to wor…

6 Fitbit Employees charged with stealing trade secrets by wearables company Jawbone

Several employees of major wearable technology device maker Fitbit have been sued by another player in the wearables space, Jawbone which was once valued at a huge $3 Billion but recently fell into hassles and has been undergoing liquidation since last year amidst falling into revenue and growth issues for alleged stealing of trade secrets and confidential R&D materials before leaving the company to join Fitbit which is a violation of confidentiality agreements as stated by the company.

Jawbone alleges that the 6 employees who were working at the company before receiving job offers from Fitbit took with them confidential documents which included internal financial presentations, design specs for new products, market study copies and also pricing and supplier lists which was reportedly handed over to Fitbit and was illegally used by the company.




This legal dispute doesn't represent the first time Jawbone brought several accusations against Fitbit as the company also sued it 3 …

Stranger Things and Telltale collaborate to produce a game for the Netflix Series

image credit : Netflix

Notable San Rafael based game developer Telltale just recently made known with a tweet that the game studio is currently working on a game title for science fiction-horror and very popular web television series Stranger Things which will be published to different consoles and the PC at a later date.

This was confirmed in a tweet by Telltale who is notable for its current video game titles which include Minecraft: Story Mode, The Walking Dead: A New Frontier, The Wolf Among Us and other interesting game titles.

Separately, we're thrilled to confirm that Telltale is developing a game based on Stranger Things that we'll publish to consoles and computers at a later date. (2/3) — Telltale Games (@telltalegames) June 13, 2018


The video game company also stated of being incredibly proud of its partnership with Netflix with the company slated to reveal official details on the new development at later time.

This news notably comes after a previous announcement of t…

Reonomy raises $30 million for its Real Estate technology service

NY based real estate analytics tech company Reonomy just recently made known that it has closed a Series C round of a $30 million investment into the company, An investment round which was notable led by Sapphire Ventures and also saw participation from Softbank and Bain Capital.

This investment round led by German software giant SAP's venture capital arm Sapphire now brings the total raised by the real estate technology company to over $69 million with other previous investors in the company including Softbank who also participated in this round, Jaws Ventures and Silicon Valley Bank.

Reonomy currently offers a subscription software with a basic package of $34 per month for access to in-depth real estate and property data and is slated to expand its operations as it gains many more subscribers and revenues from its service.

Reonomy currently has a workforce of 45 employees and plans to double that with this funding with the company considering offices in London and another part o…

$2 Billion Fintech startup NuBank banks 1.5 million users for its digital accounts

image credit : Nubank

Brazilian fintech unicorn Nubank which was valued at a huge $2 Billion in its most previous round of funding and offers credit cards to over 4 million subscribers has now reached a huge 1.5 million users for its digital bank services which it aims to expand to people beyond its credit card user base in an effort to expand its operations and increase competition with traditional bank models of offering financial services.

This 1.5 million users is just the first set who have registered through the company's beta service available for current credit card holders with the number slated to increase more in future time.

The service dubbed NuConta offers a digital account with no fees attached and the ability to send money to other Brazilian accounts without any transaction charges, NuConta also provides unlimited peer-to-peer transactions for its users.

With these huge number of current registered users, The financial technology startup has garnered a lot of data …

Chinese AI Company Yitu Technology gets $200 million Series C investment round

image credit : YITU

Chinese AI and computer vision technology company Yitu Technology which provides various industrial AI technologies to different enterprises has now raised a huge $200 million Series C round from various investors to expand its operations of offering its wide range of smart services which includes Intelligent Healthcare, Security, Smart City and Hardware platforms.

The company which was founded in 2012 and counts notable investors including Sequioa Capital and Zhenfund as earlier investors will make use of this huge investment to expand its team and pool huge resources into the development and scaling of its AI services for its numerous customers.

Yitu which engages in fundamental research to provide computer vision and learning services to various companies and is currently led by notable co-founders Zhu Long who was postdoctoral Fellow at MIT's AI Laboratory and also Lin Chenxi who previously held positions at e-commerce giant Alibaba and software and cloud m…

All Apple Park employees have standing desks as CEO Tim Cook says “sitting is the new cancer”

At a recent interview at The David Rubenstein Show, Apple CEO Tim Cook talked about the values at Apple, working with Steve Jobs and other issues including privacy and equality and one notable thing he spoke about in the interview dubbed "The David Rubenstein Show: Peer-to-Peer Conversations" was where he talked about Apple's employees all having 100 % standing desks with him stating that switching working positions between sitting and standing is much healthier for the work lifestyle.

The desks for Apple employees accommodate both standing and sitting and will greatly improve productivity whilst reducing body stress for the employees and providing more healthier body postures and mobility for the people at Apple's notable spaceship campus dubbed The Apple Park.

Tim Cook detailed how the use of the Apple Watch led to the use of these standing desks in the company's new base which opened last year as several people who used The Apple Watch at the company will al…

Auto giant GM is reportedly considering to list shares of its Cruise self-driving unit

image credit : GM

According to recent reports from different sources, Automobile giant is considering a listing of the shares of its Cruise Automation' self-driving unit which it acquired for $581 million two years ago and also recently got a huge $2.25 Billion investment commitment from major tech investor Softbank and also a huge $1.1 Billion from GM itself.

The report which was first made known by Bloomberg states that GM is currently having internal discussions and is also conversing with different banks about different options on listing its self-driving car unit which is a major player in the company's future on the public stock market or spin off the unit from GM to reflect its separate value in the stock market.

GM hasn't yet made any long-standing decision on this and may not go on with these plans they're currently exploring depending on how things come to play up for the company, But GM considering this is another indication of how far and wide Cruise has gr…

Elizabeth Homes steps down from CEO role at Theranos

image credit : Flickr/TechCrunch

Theranos, The Biotech company once valued at $9 Billion by investors and have been hit with different issues recently amidst charges the company provided false claims and misled investors about its technology has now seen its founder Elizabeth Holmes step down from the CEO position she has held since the company's founding to this current time where it's in a midst of problems after being sued by the U.S. Securities and Exchange Commission for false or exaggerated claims with Holmes agreeing to return 18.9 million shares of the company return and relinquishing her voting control of Theranos as penalties for those charges.

The The Department of Justice has now revealed that Holmes was indicted by a federal grand jury on two counts of conspiracy to commit wire fraud and also nine counts of wire fraud and will be departing from the company in relation to these charges leveled against the Theranos CEO and also the company's former chairman Sunn…

Eventbrite gets new Cork City Headquarters in expansion move

image credit : Flickr/ JDlasica

Eventbrite, The San Francisco based online event management and ticketing company has gotten a new office in a notable building, South Mall 97, A landmark former banking hall in Cork city originally built for The Provincial Bank of Ireland in 1865 and will house the company's new employees as it rapidly expands from a team of 35 to about 100 employees.

The company which has processed a huge number of ticket sales totaling a gross volume of $10 Billion and is currently expanding its team with new hires in various departments including risk analytics, customer service and other positions will make use of this new office to expand its services and company operations.

Eventbrite first expanded into Ireland four years ago with an office and also later opened a customer service center in the country and with the need for a larger space has now opened this new location in the region and represents a very good boost for the technology space in the region.

C…

Paytm mall gets a huge $200 million finalizing investment round from Softbank

image credit : Paytm

Paytm Mall, The e-commerce arm of India's notable financial technology company Paytm has gotten a huge $200 million in investment from notable tech investor Softbank and another $25 million from Chinese e-commerce giant Alibaba as part of the funding round of $445 million led by Softbank which was announced April this year.

This comes as Softbank holds a huge 21% stake in the company and Alibaba holding the lion share of 46% with the company being a major and early investor in this arm of the company.

Paytm which is currently valued at $10 Billion after a recent secondary sale by the company's employees is India's second largest private technology after e-commerce firm Flipkart and is poised for huge growth in future with Paytm Mall currently stating a run rate of $3 billion in gross merchandising value (GMV) in its recent fiscal quarter and is targeting to reach a huge $10 Billion GMV by the end of this year.

With this investment, Softbank Capital'…

Popular posts from this blog

Sonos gives us the beam

image credit : Sonos

Sonos, The notable audio technology company has released a new surround-sound seamlessly designed high-specs speaker coming with so many features which makes it unique and able to provide the best audio experience for its users.

The Beam as the new speaker is dubbed is a home-theater based speaker which is neatly and sleekly designed to take up minimum space under wall-mounted TVs and other furniture concerning the home theatre system, The 25.6 inch speaker gives off immersive sound using its 4 full-range woofers to output clear and rich sound filling up the whole room.




Not only does this speaker connect over the much desired HDMI ARC and through the use of the Ethernet system, It also comes with automated voice control carrying along and adding the support of Amazon Alexa to its notable list of features, The speaker will also offer support of Google Assistant at some time later this year. Using voice commands, You can tune in your favorite content and also change…

PayPal is acquiring SF based Fintech company Hyperwallet for $400 million

image credit : Hyperwallet

Founded 18 years ago with a mission of making global payment services readily and easily accessible to all, Fintech company Hyperwallet which offers payout platforms to several financial institutions and various companies has now been acquired by payments giant PayPal which will further its goal and add it to its list of financial services which the technology company offers to various consumers around the globe.

Hyperwallet's platform offers multiple currency transfer around the globe to various consumers and this feature makes it a very desired addition for PayPal's suite of products which it offers to its over 230 million worldwide users.




Paypal and its Braintree service users which was also added through an acquisition is poised to get "multi-currency payment distribution capabilities in more than 200 markets with numerous disbursement options" according to Hyperwallet which counts huge global market presence along with several offices a…

Elizabeth Homes steps down from CEO role at Theranos

image credit : Flickr/TechCrunch

Theranos, The Biotech company once valued at $9 Billion by investors and have been hit with different issues recently amidst charges the company provided false claims and misled investors about its technology has now seen its founder Elizabeth Holmes step down from the CEO position she has held since the company's founding to this current time where it's in a midst of problems after being sued by the U.S. Securities and Exchange Commission for false or exaggerated claims with Holmes agreeing to return 18.9 million shares of the company return and relinquishing her voting control of Theranos as penalties for those charges.

The The Department of Justice has now revealed that Holmes was indicted by a federal grand jury on two counts of conspiracy to commit wire fraud and also nine counts of wire fraud and will be departing from the company in relation to these charges leveled against the Theranos CEO and also the company's former chairman Sunn…

All Apple Park employees have standing desks as CEO Tim Cook says “sitting is the new cancer”

At a recent interview at The David Rubenstein Show, Apple CEO Tim Cook talked about the values at Apple, working with Steve Jobs and other issues including privacy and equality and one notable thing he spoke about in the interview dubbed "The David Rubenstein Show: Peer-to-Peer Conversations" was where he talked about Apple's employees all having 100 % standing desks with him stating that switching working positions between sitting and standing is much healthier for the work lifestyle.

The desks for Apple employees accommodate both standing and sitting and will greatly improve productivity whilst reducing body stress for the employees and providing more healthier body postures and mobility for the people at Apple's notable spaceship campus dubbed The Apple Park.

Tim Cook detailed how the use of the Apple Watch led to the use of these standing desks in the company's new base which opened last year as several people who used The Apple Watch at the company will al…

Sunnyvale based Fuel Cell Startup Bloom Energy files for IPO

image credit : Bloom Energy

Bloom Energy, The Silicon Valley fuel cell energy startup which provides cost-effective and sustainable energy for different organizations around the world and was last valued at $2.9 Billion in its most recent private round of funding, Having raised a total of $2 Billion in both equity and debt financing has now filed to go public in an IPO which is targeted to raise $100 million on the NYSE stock market.

The company submitted its S-1 filing this Tuesday with the Securities and Exchange Commission and intends to trade under the initials "BE".

Bloom Energy which is backed by a number of notable names with major shareholders including Kleiner Perkins, New Enterprise Associates and also the Kuwaiti Investment Association amidst a number of other investors in the company which made revenues of 376 million last year representing a huge year-on-year increase in annual revenue.






Bloom Energy isn't yet profitable but is slated to turn a profit in futu…

6 Fitbit Employees charged with stealing trade secrets by wearables company Jawbone

Several employees of major wearable technology device maker Fitbit have been sued by another player in the wearables space, Jawbone which was once valued at a huge $3 Billion but recently fell into hassles and has been undergoing liquidation since last year amidst falling into revenue and growth issues for alleged stealing of trade secrets and confidential R&D materials before leaving the company to join Fitbit which is a violation of confidentiality agreements as stated by the company.

Jawbone alleges that the 6 employees who were working at the company before receiving job offers from Fitbit took with them confidential documents which included internal financial presentations, design specs for new products, market study copies and also pricing and supplier lists which was reportedly handed over to Fitbit and was illegally used by the company.




This legal dispute doesn't represent the first time Jawbone brought several accusations against Fitbit as the company also sued it 3 …

Drones can now be tested "In Virtual Reality"

image credit : Pixabay Via CC License

Researchers at the previous Massachusetts Institute of Technology have broken grounds on a system which would be ultimately used to test and train drones without the physical constraints attached using a VR system, The exact way we humans step into an immersive world when we put on a VR headset now applies to intelligent drones, These drones will learn how to avoid obstacles and collisions, Move at great speed and also maneuver through different positions all while learning like its actually doing it in the real world.

This way, even when drones unfortunately hit an obstacle using this "Flight Goggles" system, The damages are studied and taken virtually as opposed to physical damage which takes a lot of time, delaying trials and costing much more money. This method simulates the drone's sensors moving it through a virtual world as seen in the video above preventing various obstacles such as high winds and different hanging obstacles …

$2 Billion Fintech startup NuBank banks 1.5 million users for its digital accounts

image credit : Nubank

Brazilian fintech unicorn Nubank which was valued at a huge $2 Billion in its most previous round of funding and offers credit cards to over 4 million subscribers has now reached a huge 1.5 million users for its digital bank services which it aims to expand to people beyond its credit card user base in an effort to expand its operations and increase competition with traditional bank models of offering financial services.

This 1.5 million users is just the first set who have registered through the company's beta service available for current credit card holders with the number slated to increase more in future time.

The service dubbed NuConta offers a digital account with no fees attached and the ability to send money to other Brazilian accounts without any transaction charges, NuConta also provides unlimited peer-to-peer transactions for its users.

With these huge number of current registered users, The financial technology startup has garnered a lot of data …

Mobile Security company Zimperium completes acquisition of Mountain View based Mi3 Security

image credit : Mi3

Just recently, Mountain View based cloud cyber-security company Mi3 was snapped up by mobile security technology company Zimperium which marks the first acquisition for the company which has raised a total of $60 million from several notable investors including Samsung, Warbug Pincus, Sierra Ventures and Softbank amongst others.

With this acquisition, Zimperium is adding an important and major resource to its pool of operations as Mi3's RECON Security Platform which provides in-depth application monitoring and threat analysis will be incorporated into Zimperium's z3A app analysis platform to provide better and wider intelligent services for its users.

Zimperium which is based in San Francisco and was founded in 2010 by two hackers and security experts raised its most previous round of funding March last year and is currently fixated on growth and the offering of its services to more users, enterprises and various consumers and it makes absolute sense that th…

Mexican Fintech company Konfio raises $25 million in Series C investment round

image credit : Konfio

Konfio, A Mexican fintech company which makes online lending to small businesses has just raised $25 million in a Series C funding round led by Bermuda based VC Vostok Emerging Finance to expand its financial services and products in the Mexican region.

This brings the total amount the company has raised to a huge $102.7 million in addition to a debt financing round of 200 million Pesos it raised along with this Series C investment.

Konfio makes use of in-depth data which provides rapid credit assessment for small businesses which streamlines the loan application processes for these businesses while they focus on expanding their company and market operations.




In a recently outed press release, Vostok can be quoted as saying “We are excited to announce our latest portfolio investment and our first in Mexico. Konfio is an asset we have tracked for 2 years now and it represents a truly unique opportunity and a stand-out asset in Mexican SME credit space. We love sca…