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Showing posts from June, 2018

Vista is acquiring Washington based Apptio for $1.94 billion

Tech focused private equity firm Vista has reached a deal to acquire Washington based enterprise software company Apptio for $38.00 a share, amounting to $1.94 billion of total value and a 53% premium to the company's unaffected closing price as of November 9, 2018.

Apptio's headquarters will remain in Bellevue, Washington with its regional offices across the globe after the acquisition now subject to customary closing conditions, including the approval of Apptio shareholders and antitrust approval in the United States. The deal is expected to close in the first quarter of 2019.

Apptio was founded in 2007 and develops technology business management software as a service applications. Its enterprise apps are designed to evaluate and make known the cost of IT services for planning, forecasting and budgeting purposes. It notably stands as the first investment made by reputed VC firm Andreessen Horowitz. It raised around $260 million prior to an IPO which took place in 2016, prec…

Pokémon GO developer Niantic acquires London based AR company Matrix Mill

image credit : Niantic

Major Augmented Reality game and software developer Niantic notable for having spun out of Google in 2011 and being the developer of major game hit Pokémon GO which currently counts as the fastest game to gross over $1 Billion in revenue globally on the app store which currently counts over 5 million daily players and over 100 million downloads on the Google Play store alone has now acquired Computer Vision and 3D Machine Learning company Matrix Mill in a bid to integrate its neural software to its suite of several AR services.

This represents the third acquisition for Niantic which has acquired other AR startups consisting of Escher Reality and animation startup Evertoon.

Matrix Mill based out of London was started just last year by a team of three scientist co-founders from the University College of London to build "deep neural networks that can infer the complete 3D information about the surrounding world from one or more cameras" and with this acqu…

Cybersecurity company Tenable files for $100 million IPO

image credit : Tenable

Maryland based Cybersecurity startup Tenable which was founded 2002 and is notable for providing cybersecurity services to various global organization which currently include more than 50% of the Fortune 500 and 20% of the Forbes Global 2000 and many other top companies and institutions according to the company itself has now filed for a huge $100 million IPO on The Nasdaq stock exchange after having raised over $300 million on the private market since its start in 2002.

In what is so far the best year for IPOs, Tenable now aims to join the list of global IPOs for technology companies occurring this year with other notable companies fellow cybersecurity company Zscaler which went public this year and is currently valued at over $4 Billion on the public market, Cybersecurity software provider Carbon Black which also went public this year and currently counts a market cap of over $1.6 Billion on the stock market along with a long list of other tech companies which…

Chinese E-commerce company Pinduoduo files for huge $1 Billion U.S. IPO

Pinduoduo, A notable Chinese group buying e-commerce startup which was founded just September 2015 and is notable for a recent fund-raise totaling $3 Billion this year which gave the company a very huge $15 Billion valuation has now aimed for an IPO as its holding company Walnut Street Group has filed for a huge $1 Billion IPO with the U.S. Securities and Exchange Commission in a move which would see the company join the long list of huge IPOs which have held successfully throughout this year.

The Beijing based company is notably backed by Chinese internet giant Tencent whose WeChat platform makes up a major part of Pinduoduo's e-commerce base and also counts other backers such as major investor Sequioa Capital China and other major investors as its shareholders.




Pinduoduo which was founded by former Google engineer Colin Huang has grown very rapidly with the company reporting revenues of $278 million last year after less than 3 years of existence which represents a very good rec…

New York based real time discovery startup Dataminr closes $392 million investment at a reported $1.6 Billion Valuation

image credit : Dataminr

Dataminr, A notable software startup with provides newsrooms and other organizations with various real time AI analytics to cover various global live events and alert its users has now closed a huge $392 million of funding at a very huge $1.6 Billion according to a report from Axios which has been confirmed by the company through its press.

Dataminr last raised $130 million in a round led by Fidelity Investments which valued the company at about $700 million with this investment now making the company valued at over 2 times its previous which represents very good growth for the company.

Investors who put funds into this round include Microsoft co-founder Paul Allen's Vulcan Capital, Morgan Stanley, Dell-EMC CEO Michael Dell's MSD Capital, Goldman Sachs, Valor Equity Partners and also Fidelity amongst others who invested in both this and the company's previous rounds.

This investment marks a very notable addition to the vastly growing New York start…

E-scooter sharing startup Spin is using Cryptocurrency to raise a huge $125 million for its operations

image credit : Spin

In the wake of several scooter sharing startups raising huge funds which include Bird Rides which just closed a huge $300 million round of funding and also Bike and scooter sharing startup Lime which recently grabbed a huge $250 million in funding, Another major player Spin this time is earmarked to take in a huge $125 million investment but in this case, not going through the traditional method of VC investment but through the use of an STO (Security Token Offering) which is similar to ICOs but not exactly the same as the buyers of the offered tokens this time will be getting equity in the company as opposed to just a liquid virtual asset.

The company would be offering this tokens to accredited investors in a way which provides more security and trust for earmarked investors as they will be entitled to a portion of revenues from the company's operations as they purchase the Security Token Offerings which the company aims to list on several mainstream crypto …

Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

Boston based home security startup SimpliSafe which provides self-installed security systems which are used by a huge number of homes in the U.S. has now sold a major interest in the company to Global private equity and investment giant Hellman & Friedman for an undisclosed sum which according to various sources values the company at a huge $1 Billion

The company which last raised $57 million in a Sequioa Capital led round and has been growing very well with the company counting over 300,000 customers as far as 2015 and a vast number of consumers currently making use of its suite of home security products.

This majority acquisition represents another move by Hellman & Friedman making huge acquisitions and bets in the technology space with the investment company's tech portfolio including notable companies like DoubleClick, Getty Images, Customer experience solutions company Genesys amidst other of its notable investments.

SimpliSafe will now conti…

EV charging company Chargemaster acquired for $170 million by oil giant BP

image credit : Chargemaster
Chargemaster. The U.K's largest electric vehicle charging infrastructure company based out of Luton has just been acquired by oil company BP in a move to signal a foray into the EV space with access to Chargemaster's over 6500 electric charging spots around the country.
This move signals part of BP's foray into the renewable energy space which it deemed earlier this year to be the fastest growing energy source.
With this acquisition, Chargemaster is re-branding with its name changing to BP Chargemaster which is now a branch of the oil giant BP representing its moves to get into the ever growing and rapidly expanding renewable energy market.
With estimates given by BP of the future presence of over 12 million electric vehicles on U.K. roads by the year 2040, It's no surprise that the company is making moves to rapidly expand into and grab a slice of the EV market which is growing at a huge pace.



Chargemaster with this acquisition will also ge…

Luggage startup Away raised $50 million at a huge $425 million Valuation to fuel huge growth

image credit : Away

NY based luggage startup Away which provides a direct-to-consumer e-commerce service for its modern travel brand which produces smart luggage products ranging from suitcases, interior organisers and several personal travel bags and also custom made products has now raised a huge $50 million round of investment from Comcast, Forerunner Ventures and Global Founders Capital who also invested in the company's prior Series B round.

Away provides customers smart luggage with removable batteries which has made the startup strenghten its stand even with the recent strict regulations placed on smart luggage concerning its use in U.S. airports.

Away has sold more than half a million suitcases and is currently profitable which counts as a big up for the 3 year old startup which first launched with just one flagship product two years ago and has since expanded heavily from there.






The company which made 5 times more revenues last year than it did in 2016 will make use of th…

Scooter rental startup Bird has just raised another $300 million in new funding

image credit : Bird Rides

E-scooter rideshare service Bird which recently flooded the new headlines after the startup which is headed by a former Uber and Lyft executive recently raised $150 million in a Sequioa led round which valued the 1 year old company at a huge $1 Billion has now raised another $300 million in a huge round still led by Sequioa Capital after previous reports of the company's intention of raising another $200 million for its e-scooter sharing service.

Other investors who also participated in this $300 million funding round include Greycroft, Accel, Tusk Ventures, Index Ventures, Valor Equity Partners, Sound Ventures and a series of other notable investors.

This investment currently values Bird at a huge $2 Billion while giving the company vast capital to expand its operations and strengthen its stand in the e-scooter sharing space which has been deemed a very hot and promising one and has seen other major players getting into the space including bike and also …

Amazon acquires online full service Pharmacy startup PillPack for just under $1 Billion in a bid to disrupt the pharmacy industry

image credit : PillPack

In a new move to strengthen a stand in the pharmaceutical industry, The widely disruptive Amazon has now acquired 5 year old Pharmacy startup PillPack which provides an online system which assists people take timely medication for almost $1 Billion.

This acquisition comes after several recent reports that Amazon's major e-commerce competitor Walmart was looking to acquire the startup for around the same price.

PillPack has raised over $120 million from several investors including Accel, Menlo Ventures, Sherpa Capital, TechStars, CRV and other investors prior to this acquisition with the startup being last valued at $361 million according to PitchBook which makes this acquisition a very big win for the company's investors and other shareholders alike.

This deal now marks Amazon's most notable move currently to signal its entry into the healthcare market as the company has long been earmarked and predicted to make moves and be a major player in the he…

Dr Dre and Jimmy Iovine ordered to pay early Beats' partner $25 million after a lawsuit

image credit : Flickr/Zennie Abraham

After a lawsuit by audio entrepreneur and investor Steven Lamar who legally fought for a settlement over an alleged breach of contract concerning royalties over the sales of Beats headphones relating to a design of the original product, An LA jury has now ruled that notable music entrepreneurs Dr Dre and Jimmy Iovine will now have to pay the sum of $25.25 million to Steven Lamar for early design work he ran for the company which was snapped up by Apple for $3 Billion 4 years ago.

Steven Lamar originally claimed he came up “with the idea for celebrity-endorsed headphones” and sought over $100 million for his work with the company but has now been awarded over $25 million by the Jury over this lawsuit.

Dr Dre and Jimmy Iovine argued that their agreement only involved Lamar getting royalties for one of the company's headphone models in comparison to the 3 Steven Lamar sought compensation for.




After a previous lawsuit by Dre in 2006,  Iovine and Dr…

Enterprise security company Balbix raises $20 million Series B round to boost its operations

image credit : Balbix

Silicon Valley based security startup Balbix which offers cybersecurity software to various enterprises through its suite of products has just raised a $20 million Series B investment round led by Singaporean based Singtel Innov8 and also saw participation from Abu Dhabi owned Mubadala Investment Company, Mayfield Fund and also former Cisco CEO and Chairman John T. Chambers amongst other investors.

With these investment, Balbix which offers software making use of predictions to measure and assess threats will expand its "go-to-market strategy" and put more resources into scaling its platform which provides enterprise scale cybersecurity services for various companies.

Along with this investment, Singtel Innov8''s managing director Jeff Karras will be joining the company's board along with the addition of two other members and also the hiring of a new Chief Revenue Officer and a vice president of business development and alliances for the com…

Major Ride-hailing player Lyft gets larger $15.1 Billion valuation after new $600 million funding

image credit : Lyft

U.S. ride sharing company Lyft notable for being Uber's main competitor in the U.S. market and its huge ride-hailing operations has just raised $600 million in a new Series I round from Fidelity who led the round which also saw participation from NY based Senator Investment Group.

This investment came with a huge valuation of $15.1 Billion for the company which was last valued at $11.7 Billion in its most recent round of funding.

Lyft has now raised a total of $4.9 Billion including this round from the likes of Google parent company Alphabet's Capital G investment arm, Japanese e-commerce giant Rakuten, Alibaba, General Motors, Tencent, Didi Chuxing, Andressen Horowitz, Founders Fund, Investment firm Baillie Gifford and a host of other notable investors.

The company has notably raised huge amounts from single investors in several rounds which include a $500 million investment from General Motors 2 years ago, $300 million from e-commerce company Rakuten in a…

IT company UST Global raises $250 million from Temasek at a huge $1.25 Billion Valuation

image credit : UST Global

California based information and digital services company UST Global which provides end-to-end IT services for various top notch organizations around the world has now raised a huge $250 million in a private equity round from Singapore based national wealth fund Temasek Holdings which is notable for being a major global tech investor.

UST Global doesn't really count as a traditional startup as the company currently counts over 10,000 global employees with major revenues for the company which was founded way back in 1998.

The startup which counts over 50 clients from the Fortune 500 is also majorly owned by the prominent Kenyan Chandaria Business Family with a notable member, Paras Chandaria being the company's Chairman.

UST Global is currently profitable with a very solid and growing global business for the company which has made 2 acquisitions this year and participated in investment rounds for various technology companies.




The company is making use …

Jama Software nabs huge $200 million funding from IVP and Madrona in new venture round

image credit : Jama

Jama Software, A startup based out of Oregon which offers product development and mission critical software customers to various notable customers has now raised a huge $200 million in a venture round from major tech Insight Venture Partners (IVP) and Madrona which has infused the company with huge capital to accelerate its long term global growth and also the scaling of the company's notable softwares, The Jama Product Development Platform and the Predictive Product Development software category.

This investment for the company which started 2006 and currently counts notable customers including the likes of SpaceX, Cruise Automation, Amazon Robotics, Cisco, Apple, Leica, Nvidia and Samsung amongst many others represents another huge investment in the enterprise software industry which has been garnering much more attention and huge investments in recent times.

This investment is notable for being one of the biggest ever in the Oregon technology space popularly…

German Data Analytics startup Celonis gets $50 million investment at a huge $1 Billion Valuation

image credit : Celonis
Celonis, A startup based out of Munich which offers data mining services which it terms as "Process Mining" which offers data analysis and visualization tools for business processes to various enterprises has now raised a huge $50 million from Accel Ventures and 83North at a huge unicorn ($1 Billion) valuation which represents another addition to the list of huge enterprise startups popping up around the world with its location in Germany being very outstanding.
Accel and 83North who co-led this round are also notable for being the ones who also led the company's 2016 Series A investment where it grabbed $27.5 million to expand its operations.
The process mining company is currently profitable and will make use of this investment to "accelerate hiring and expansion plans throughout the world."



Celonis currently counts notable customers including Vodafone, Honeywell, Siemens, Airbus, GM, Innogy and a host of other companies who make use of Cel…

Faraday Future gets $2 Billion investment to expand its operations

image credit : Faraday Future

Electric Vehicle startup Faraday Future which is notable for its futuristic electric vehicles but recently ran into hassles and several issues over capital and funding even after having raised huge amounts of money has now gotten a new investment of $2 Billion from The Evergrande Health Industry Group which represents a purchase of 45% of the company's shares in this huge round of private funding.

Faraday which is notable for its FF Electric Vehicle brand had previously raised huge rounds of capital in the past which includes a $1.5 Billion investment early this year from an undisclosed Hong Kong investor along with several rounds of huge equity and debt financing in the past.

Faraday is also notable for various unveiled projects which consists of a $1 Billion vehicle manufacturing plant in Nevada which was embarked on after the company cancelled previous plans of constructing an assembly plant in California.







Faraday is also notable for a payment $250 mil…

E-commerce company B-Stock gets $65 million private equity investment

B2B marketplace B-Stock which provides online marketplace solutions for overstock and excess inventory liquidation for various retail companies has now raised a huge round of $65 million from Spectrum Equity to expand its services and enterprise solutions.

This marks a very huge investment for the company which was started 2008 by top former eBay manager Howard Rosenberg and Bill Cornell who also had stints at eBay, PayPal and various notable technology companies.

The Redwood based company has since been profitable from its start and with this investment is earmarked to expand its services to a long list of clients which currently include online furniture company Wayfair, major game retailer GameStop, JCPenney, BestBuy, Groupon, Amazon Home Depot, Walmart and other major retailers which offers online marketplaces for excess inventory on its platform.

Concerning this investment, Spectrum Equity's head Pete Jensen who is joining B-Stock's board along with another Spectrum membe…

Insurance Technology company PolicyBazaar gets huge $200 million funding from Softbank Vision Fund

Indian insurance startup PolicyBaazar which operates a digital insurance market for various Indian consumers has now raised a huge round of $200 million in a Series F investment led by major tech investor Softbank and participated in by other investors.
This investment marks another huge round which Softbank has led in the Indian startup space after previously investing huge amounts in Indian fintech company Paytm and also ride-hailing operator Ola Cabs, Both of which command huge billion dollar valuations.
The investment was made through Softbank's behemoth $100 Billion Vision Fund in PolicyBazaar's parent company ETechAces who also operates online lending marketplace PaisaBazaar.com in addition to its notable insurance service.



PolicyBazaar's digital service provides a curation of several insurance products with different perks with a good aim of making buying insurance way more easier than the much longer and complex traditional method.
PolicyBazaar which was founded in 200…

AT&T set to acquire Digital ad-tech unicorn AppNexus for over $1.6 Billion

image credit : AppNexus

Telecom giant AT&T which provides a vast range of digital services to a huge number of customers around the world has now been confirmed to be acquiring NY based programmatic online advertising company AppNexus for a huge price between the range of $1.6 Billion -$2 Billion.

AT&T is making this huge acquisition of the company which provides a cloud based advertisement marketplace and raised over $300 million from various investors in order to add to AT&T's growing list of digital services with AppNexus being added to the company's advertising and analytics division.

This will also represent a huge addition to AppNexus's ecosystem as AT&T currently counts over 170 million direct to consumer relationships which AppNexus can hugely tap into and leverage for the expansion of its ad technology services.





AppNexus is notable for raising over $300 million from various investors including Khosla Ventures, Tribeca Venture Partners, Yahoo! Japan…

Meituan Dianping files for its long reported Hong Kong IPO

Beijing based Meituan Dianping, The internet company which provides many internet services in the consumer products and retail services market including daily deals, on-demand delivery and a series of other services has now filed to go public in a Hong Kong IPO seeking to raise up to $6 Billion as was long reported although it isn't yet currently clear the exact amount the company is raising.

Meituan which started in 2010 and has been on an expansion spree since then is notable for its backers which include Tencent who led its most previous Series C round of $4 Billion along with other names who have backed the company's previous rounds including IDG Capital, Sequioa, Coatue Management, Google, Temasek, Lightspeed Ventures and a list of others.

The IPO currently targets a valuation of over $60 Billion is earmarked to be underwritten by notable investment banks Goldman Sachs, Morgan Stanley and Merill Lynch which will handle the process of this IPO which will be one of the big…

Digital entertainment startup Whistle Sports nabs $28 million Series B investment

New York based digital media startup Whistle Sports which offers cross platform entertainment focused on content tailored to young millenials with a huge focus on sports has now raised a $28 million Series D investment round which was led by investment company Aser Media and also saw participation from other notable investors including entertainment mogul Jeffrey Katzenberg, Media giant Liberty Media and also NBC amongst a number of other notable investors.

This brings the total amount of investment raised by the digital media company to a near $100 million with backings and previous investments from a number of notable investors including entertainment giant Sky, iHeartMedia, VC firm Beringea and a host of other investors.

Whistle plans to make use of this new investment to "expand its catalogue of free and premium original content with brand partners and creators" and also collaborate greatly with Aser to engage the millenial audience through social content creation.






With…

Chinese AI chip company Cambricon gets $100 million Series B round at a $2.5 Billion valuation

image credit : Cambricon

Cambricon Technologies, The Beijing based  AI Chip Manufacturer which produces smart chips for various companies and consumers has now raised a huge $100 million in a Series B investment round from a number of investors led by SDIC Venture Capital with Alibaba, TCL Capital and a host of other investors participating in the investment round which gave the company a very huge $2.5 Billion post-money valuation.

This marks a huge growth record for the company which was founded just 2016 and has boosted up to its level with a total of over $200 million in addition to the company's seed round raised in capital.

The company's most previous Series A round where it raised a huge $100 million August last year a unicorn valuation was also notably led by the same SDIC who led this round through another of its investment arms.




Just last month, The company unveiled two of its products which are neural network processor AI chips designed for use in a range of consume…

Several Amazon employees demand stoppage of facial recognition software sale to law enforcement

image credit : AWS

Amazon, The technology behemoth known for its online e-commerce and also its cloud computing business which provides a vast range of cloud based software to various organisations has now been persuaded by a number of employees to stop the sale of its facial recognition software dubbed "Rekognition" to government organisations over its involvement and use by the U.S. Immigration and Customs Enforcement to track on immigrants and also several activists.

The letter penned down by a currently unknown number of employees cites the on-going mistreatment of immigrants by the ICE and also the targeting of black activists by law enforcement which the software plays a role in.

The employees demanded that the team at Amazon has a choice in choosing how their software is used and also cited the 1930s sale of software by IBM to the Nazis which they referred to as a worrisome problem with the employees standing to not let such happen again.

The employees also demand the…

Property Intelligence company Cape Analytics raises $17 million Series B funding to grow its AI aerial imagery platform

image credit : Cape Analytics

Mountain View based AI property intelligence and data service company Cape Analytics which provides property analysis for buildings across the U.S. to various companies has now raised a huge Series B investment of $17 million in an investment round led by insurance VC fund XL Innovate and participated in by a host of many other investors.

The 4 year old company provides its real estate intelligent services to various insurance companies which make use of its software to value and get quotes on different homes through the application of aerial imagery.

The company gets geo-spatial imagery from other technology firms and makes use of its AI services to merge this data and gain in-depth real estate insights and in turn offers this much needed service to insurance companies who make use of its property intelligence service.






The company is also notable for some of its top notch VC backers which include Formation8, Khosla Ventures, Promus Ventures, Lux Capital …

Xiaomi CEO Lei Jun gets huge $1.5 Billion stock award ahead of IPO

image credit : Flickr/Fortune Live Media

Xiaomi co-founder and CEO Lei Jun who is leading the smartphone maker as its much reported Hong Kong IPO nears fruition has now been awarded a huge stock package by the Chinese consumer electronics company worth $1.5 Billion according to a recent securities filing analysed by The Wall Street Journal which stated the company awarding the huge amount of stock to an entity controlled by Xiaomi's CEO Lei Jun.

This huge stock award represents one of the biggest paydays in business history and more unique about this one is the presence no attached strings and milestones which makes it very different from most of the huge stock awards in the technology industry which comes in different stages depending on the company's perfomance.

This stock award represents a very large one in a league which have included last year's $638 million bonus to Snap Inc CEO Evan Spiegel and Tesla CEO Elon Musk's $2.6 Billion stock award which is tied to the…

Search Engine company Elastic files for IPO

image credit : Elastic

Data search software provider Elastic which offers software to various companies to make scanning massive amounts of documents for key terms easily done has now filed to go public as a huge $1.5 -$3 Billion after raising a total of $104 million in the private market at a most recent valuation of $700 million.

This IPO is an addition to the huge list of public offerings which have happened and many more also earmarked to take place this year, The Amsterdam based company founded 2012 is notable for its major investors including Index Ventures, Benchmark Capital, SV Angel, New Enterprise Associates and many other notable investors.

The company last took in investment in 2014 where it raised $70 million in a Series C round by New Enterprise Associates and has made 5 acquisitions since then.




Among a long list of customers using its Elasticsearch product currently includes notable names like Telecom giant Sprint, $10 Billion ride-hailing company Grab, eBay, Vimeo, Lyf…

Blockchain company Fantom Foundation raises $40 million to expand its operations

image credit : Fantom Foundation

Blockchain organisation Fantom Foundation which offers a Directed acyclic graph(DAG) platform for smart contracts which in turn a offers a more speedy and scalable blockchain technology has now raised a huge $40 million in a huge funding round from a huge number of crypto investors including Signum Capital, 8 Decimal, Link VC and a host of other investors.

The company intends to make use of this new investment to scale its blockchain platform which will make use of Directed acyclic graph technology to speed up the rates of cryptocurrency transactions to provide the best experience for the consumer.

With mainstream cryptocurrencies currently having a transaction capability of 7-20 transactions per second (TPS) with several blockchain projects stepping up to increase its speed which includes Fantom Foundation which now aims to make use of its blockchain technology to get a huge volume of up to 300,000 Transactions per seconf which will be a huge boost fo…

Music service provider Taihe Music Group raises $154 million in corporate round to expand its operations

Taihe Music Group, A Chinese music company founded 2004 which various music services including live performance, copyright and visual entertainment management and is notable for its merger with Baidu Music in 2015 for the company which now owns nine record labels amidst a very large and valuable music catalogs through various deals has now raised a huge $154 million in a venture investment round from top notch VC firm Legend Capital along with two other investment funds who co-led the round.

The company will make use of this investment to expand its operations and deepen its music services to cater for promotion of the Chinese language music industry while also providing the best music services for various customers.

Taihe Music Group is notable for previously dominating the Chinese music industry service eco-system with its Qianqian Music player which was widely used during the time where PCs made up most of the devices in the country but this dominance has dwindled down as competit…

E-mail Security Company Agari gets $40 million investment from Goldman Sachs and others to scale its cybersecurity platform

San Mateo based startup Agari which was founded 9 years ago to build and develop internet scale security solutions which prevents cyber-attacks on e-mails has now raised a huge $40 million in a huge Series E round led by notable investment firm Goldman Sachs with participation from other top tier security firms including Battery Ventures, Greylock, First Round Capital along with 3 other investment firms.

This investment brings the total raised by the cybersecurity company to a huge $88 million and is a move which will see Goldman Sachs female technology investor joining the board of the company representing the Goldman Sachs growth (GS growth) startup investment vehicle.

This new influx of capital will be used for the rapid international expansion of Agari's services across the continents of Europe and Asia for the Bay Area headquartered company which currently counts a host of notable customers including Air Canada, Electronics retailer Dixons Carphone, Facebook, Microsoft, Goog…

Indian American Surgeon and Medicine Professor Atul Gawande appointed as head of Amazon-JP Morgan-Berkshire health venture

The recently much talked about healthcare venture being embarked on by a trio of e-commerce giant Amazon, Financial behemoth J.P. Morgan and Warren Buffett led major investment company Berkshire Hathaway has now appointed and announced its new CEO, The choice is Public health researcher, Ariadne Labs executive director and health NGO Lifebox's Chairman amidst a very good track record by name of Atul Gawande who is now earmarked to lead the new healthcare venture fixated on developing solutions to tackle fast rising healthcare costs.

The new not-for-profit company will be headquartered in the city of Boston and will begin operations by re-inventing the method and way the three companies' total of 1.2 million employees will get health benefits and handle medical bill payments which represents a very good base to start from before further expansion.

Atul will begin his tenure as the head of the company currently dubbed the "ABC" coalition on the 9th of next month, His …

U.K. based AdoRX Therapeutics gets $10 million investment to develop its Cancer Therapeutics

AdoRX, a biotech startup founded last year to develop and pursue discovery of new treatments for Cancer based on Adenosine modulators has now raised $10 million in its first ever investment round from Maryland based Epidarex Capital and biotech investment vehicle CRT Pioneer Fund.

AdoRX which is a spin-off from Epidarex Capital and is led by the former U.K. site of Novartis Institutes of BioMedical Research Pete Finan will make use of this investment to discover new modulators for the treatment of Cancer.




Concerning the investment, Pete Finan the company's CEO commended the company saying "We have assembled a team that has discovered in excess of 25 clinical candidates to address this drug discovery challenge. We are pursuing fit-for-purpose adenosine receptor antagonists that are specifically designed to overcome a high adenosine environment."

Other members of the company's team includes notable individuals from biotech companies including including Novartis, Exote…

Popular from The Techie

Nissan outs its most intelligent pickup idea, The Navara Dark Sky Concept

At the on-going vastly attended Hannover Motor Show, Nissan has outed a new concept featuring unconventional and groundbreaking features in form of the Nissan Navara Dark Sky Concept which highlights the company's growing versatility in the Light Commercial Vehicles (LCV) space.

The Navara Dark Sky Concept developed in the U.K in collaboration with the European Space Agency (ESA) is endowed with an advanced version of Nissan’s ProPILOT driver assistance technology while reflecting an aptness to power and tow a mobile astronomy laboratory as illustrated by the pictures.


Functioning as a mobile astronomy lab facilitated with a world-leading, observatory-class telescope on a denoted off-road trailer, The Dark Sky concept stands as a unique offering for customers while spotlighting a latest incorporation of the Nissan Intelligent Mobility feature for for upgraded safety.

“The Nissan Navara Dark Sky Concept is a brilliant example of Nissan serving as an authentic partner, empowering o…

Volkswagen reportedly mulling investment into Ford's Argo self-driving unit

As per a new report, Volkswagen is considering an investment into Argo AI, The Detroit based self-driving company backed by a $1 billion investment commitment by Ford to accelerate what counts as the auto industry's future.

The report comes from Bloomberg citing  people familiar with the discussions. It also states that Volkswagen is in line to share electric vehicle technology with Ford tapping into the vast amount of investments it has committed for battery powered vehicles.


It also notes of the investment being possibly significant as it could speed up both companies self-driving efforts which count as a costly but crucial effort for auto companies around the globe. Early last month, Honda took a similar move with a $2.75 billion investment commitment for General Motors' self driving unit Cruise Automation.

Volkswagen and Ford first made known of constructive talks 5 months ago which might gain more ground by the end of this year or early next year. Both companies have sai…

ComfortDelGro to test autonomous vehicles in real traffic conditions at NUS campus

Singaporean transport company ComfortDelGro is embarking on a trial of an autonomous bus shuttle service in real traffic conditions in the National University of Singapore’s (NUS) Kent Ridge campus and will involve the Singaporean arm of automotive distribution company Inchape and Toulouse-based autonomous vehicle startup EasyMile.

It'll make use of an EasyMile EZ10 autonomous shuttle operated by ComfortDelGro and funded by Inchape. The shuttle which can carry a total of 15 passengers will run along a 1.6 km route in the NUS campus between Heng Mui Keng Terrace and Business Link.


Operating in real-traffic conditions alongside regular vehicles, The trial will rely on ely on its own internal array of software and hardware technologies for navigation without assistance from external infrastructure as per ComfortDelGro. A safety engineer will be on board during the trial to provide engineering expertise and also ensure safe operation.

The EZ10 autonomous shuttle to be used runs fully…

Blackberry reportedly in talks to acquire Cylance in up to $1.5 billion deal

According to a new report from Business Insider, Waterloo based Blackberry is said to be in talks to acquire Cylance, the cybersecurity company that raised $120 million in June known for its math based solutions adopted by over 80 of the Fortune 500 companies.

The company applies artificial intelligence, algorithmic science, and machine learning to cybersecurity for prevention of advanced security threats and may count as a very good deal to Blackberry which has focused on security and enterprise software after a decline in its mobile phone business.

Although the valuation with its most recent round is not known, Cylance was already valued at $1 billion from a previous investment and counts the likes of DFJ, Blackstone, Dell Ventures, Khosla Ventures and Capital One as backers.

It currently counts 4,000 enterprise customers and $130 million revenue for its fiscal 2018 as per a company press release.


Daimler and Bosch will test self-driving cars in San José

Daimler and Bosch has announced they would kick off testing of self-driving cars in San José, the city located on the southern shore of San Francisco Bay in Silicon Valley with over 1 million residents. These trials are planned to begin in the second half of next year and will involve a fully automated driving (SAE Level 4/5) on-demand ride-hailing service.

Automated Mercedes-Benz S-Class vehicles would be used for the service which will be offered to a selected user community in the San Carlos/Stevens Creek corridor between downtown and west San José. The on-demand ride-hailing service will demonstrate how its mobility services such as car sharing (car2go), ride-hailing (mytaxi) and multi-modal platforms (moovel) can be connected for use.

The test will provide information on how highly and fully automated vehicles can be integrated into a multi-modal transportation network with an intent to offer a seamless digital experience. The selected user community will have the opportunity to…

Mercedes' Autumn & Early Winter collection packs good wears for the outdoor feel

The Mercedes-Benz Collection has unveiled sporty new wears for this Autumn and Early Winter bringing stunning style embodied in the auto brand to the clothing side for consumers. The new collection consists of a:
Navy men's jacketMen’s 2-in-1 cabriolet jacketBlack rain jacketPolo shirt for womenClassic navy polo shirtMaybach Sunglasses CollectionClassic scarf for womenClassic shopper bagClassic glamour watchBlack high-sheen nylon jacket for womenRucksackClassic Glamour women watch Chronograph classic retro gold and aWine set
All items packed in this collection are made for various desires from users ranging from the Maybach Sunglasses Collection made with exceptional materials to the classic scarf for women made of pure silk to the classic navy polo shirt that gets its special optics through an all-over print with Mercedes-Benz lettering and laurel branches.

Accessories like the Rucksack stands as a companion piece for any time of the year with a timeless design that captivates th…

Karsan's “Jest” electric bus will now run on BMW i3 engines and batteries

Jest, the fully electric bus produced by Turkish manufacturer Karsan will now run on engines and batteries from the BMW i3 model marking advancement of electromobility for the German auto manufacturer.

Both companies have inked an agreement involving the supply of motors and batteries for the Jest designed specifically for use in inner-city traffic. Public transportation now stands as the latest of a whole range of levels of activity for use of BMW i technology in electric vehicles made by other companies.


Last year, BMW supplied tech for locally emissions-free mobility to Streetscooter GmbH that enable it street scooter to be used all day for delivering letters and packages without the need for interim charging. The batteries developed for the i3 also supply energy for boat manufacturer Torqeedo and are are deployed as stationary energy storage units for power generated from renewable energy sources.

“Our industrial clients appreciate the easy handling of the plug-and-play technolog…

Honda outs the 2019 edition of its popular CRF Trail family

Honda has outed the 2019 edition of its popular CRF Trail family with 2 updated models and one completely new bike dubbed the the CRF250F, CRF125F and CRF110F. They all benefit from the adoption of Keihin electronic fuel injection systems and are off-road legal for all 50 U.S. states.

The CRF250F is fitted with a SOHC long-stroke, air-cooled engine for a linear power delivery that boasts 22cc more displacement than the outgoing CRF230F and a new chassis that has 12mm more rear-wheel travel and 5mm taller seat foam than the preceding model. It's set for the markets beginning from February next year and goes for $4,600.


The CRF125F has a new twin-spar steel frame and a Keihin electronic fuel injection system that makes it smoother, stronger and more stable. It's fitted with the SOHC 124cc engine and four-speed transmission. Customers are also getting the choice of a Big Wheel version that swaps its conventional 17- and 14-inch rims for 19- and 16-inches versions. It's avail…

Apple discovers quality problems in some Macbook and iPhone X models

Apple has stated it found some issues affecting some of its 13-inch MacBook Pro and iPhone X  models and is offering free repairs for them. As per the company, touch issues may be experienced due to component failure in the iPhone X, It's replacing those parts for free.

 An issue may also result in data loss or failure of the storage drive for the 13-inch MacBook Pro computers. It's going to also service the affected drives for free. The versions affected are a limited number of 128GB and 256GB solid-state drives in the MacBook Pro units sold between June 2017 and June 2018. The MacBook Pro with Touch Bar or older models are not affected.


This repair offer stand as the latest in a series of product quality problems the Cupertino based company has experienced. Last year, it began a battery replacement program after revealing that a software update intended to help smartphones deal with aging batteries. It resulted in scrutiny from the press and U.S. lawmakers over consumer con…

Microsoft filings revealed it paid $1.3 billion cash as part of GitHub deal

Early June, Microsoft reached a deal to acquire code repository GitHub for $7.5 billion in what was then described as an all-stock deal. A recent Microsoft filing shows otherwise revealing that the Redmond based software giant made $1.3 billion in cash payments as part of the deal.

The company stated the $7.5 billion figure was “inclusive of cash payments of $1.3 billion in respect of vested GitHub equity awards and an indemnity escrow” and also noted the deal closed on the 25th of October.

Acquiring GitHub was part of Microsoft's broader clinch of open source software and efforts to attract more software developers for its platform. The company is now led by Microsoft executive Nat Friedman who took a position at the company after its acquisition of Xamarin, a mobile app development platform for a reported price range of $400 million - $500 million.

Prior to its acquisition, GitHub had raised $350 million from the likes of Sequoia Capital, Andreessen Horowitz, IVP (Institutional…