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Quibi Reportedly Planning Up To $1 Billion Raise

According to a report from The Information, Quibi -- the mobile video streaming service led by Hollywood veteran Jeffrey Katzenberg and former HP and eBay CEO Meg Whitman -- is planning to raise up to $1 billion, months after a $1 billion raise August last year. Current investors in Quibi include the likes of Alibaba, Goldman Sachs, JPMorgan Chase, Sony Pictures, Viacom, Disney, 21st Century Fox, NBCUniversal, and Warner Media.

Some of Quibi's investors also double as strategic partners. Based out of Los Angeles, Quibi's service -- a mashup of Netflix meets YouTube -- is expected to launch next year, according to CEO Jeffrey Katzenberg. Katzenberg had previously told Variety that he was seeking to raise $2 billion for Quibi, entailing the report of an additional $1 billion raise is not quite far-fetched.


Quibi is focused on short-form videos of under 10 minutes or so in length that'll be made available on its app. Katzenberg has a long history and expertise in film-making…

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

Airbnb co-founder and CEO Brian Chesky

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-founder describing it as a "War Crime".




Along with individuals and corporations in the tech industry, People from all around the world have taken to the use of social media and other forms of communication and information dispersion to denounce the act which is deemed as very troubling as parents being separated from their children can cause both emotional and physical pain for the children who seek to be re-united with their family and also the parents who are constantly on the go doing everything they can to get their children back and be re-united with them.

The list of tech company leaders amongst others who have spoken against this makes a very long count as the CEO's and other top leaders of both Uber, Lyft, Twitter, Salesforce, YouTube, Cisco, Reddit, eBay, Zillow, Box, Google and a slew of other companies have all spoken against this move through several tweets.

Along with other companies, Other countries including the nation of Mexico has also condemned this act which also involved the separation of toddlers from their parents as "Violation of Human Rights" and according to recent reports, Moves are being made to bring a solution to this issue after the huge public outcry although it isn't yet clear how.

This represents the power of information and its spread across the Globe coupled with the ability of people around the world to speak up using various communication and media platforms to bring up solutions to various worldwide issues, The Public has always been the major mover in global events and using the power of global technology is forever earmarked towards making the world a better and amazing place for all.



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Boosted Boards Nabs $60 Million Series B Funding

Electric skateboard manufacturer Boosted has raised $60 million Series B funding co-led by Khosla Ventures and iNovia Capital with participation from existing investors Stanford-StartX Fund and Bay Meadows. This rounds brings the total raised by Boosted to over $70 million and will see former Google CFO and iNovia partner Patrick Pichette move from an existing independent board position at the company to a preferred board seat.

"Today’s generation is quickly adopting light electric vehicles as a superior way to commute, saving both time and money over existing options while enjoying the ride," Boosted CEO Jeff Russakow says. "However, the majority of lightweight vehicles on the street today are leisure-grade or toy-grade products, when riders need vehicle-grade products that provide exceptional acceleration and braking performance, safety, durability, and superior design."


"Boosted has been perfecting street-quality technologies for the electric skateboard ma…

Angela Ahrendts Joins Airbnb's Board

Airbnb has added former Apple retail chief and ex Burberry CEO Angela Ahrendts to its board. She'll serve as the company's third independent non-affiliated board member, the other two being former American Express CEO Ken Chenault and former Pixar Studios CFO Ann Mather (who also serves on the boards of Netflix, Alphabet, Arista Networks, Glu Mobile and Shutterfly).

Ahrendts led global retail at Apple for five years before stepping down this year to be replaced by three decade running Apple Veteran Deirdre O’Brien. Prior to Apple, she spent eight years as CEO of British luxury brand Burberry. She also spent 25 years in New York as an executive at fashion brand Liz Claiborne and as President of Donna Karan International prior to Burberry.


Other notable Airbnb board members include LinkedIn co-founder Reid Hoffman, Sequoia's Alfred Lin, Andreessen Horowitz's Jeff Jordan, and co-founders Joe Gebbia, Brian Chesky, and Nathan Blecharczyk.



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…

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The Techie features the Oculus Go, Walks through Xiaomi's IPO and provides in-depth knowledge on a swath of tech products and occurences worldwide, Read the Digital Magazine in full screen below for the best experience;


A mag created with Madmagz.

Boosted Debuts A Scooter

Boosted, the company known for its lineup of electric skateboards, has debuted a new product, this time not a new skateboard, but an electric scooter. The new scooter, Boosted Rev has been made available for pre-order. This debut comes a few months after Boosted raised $60 million in Series B funding led by Khosla Ventures.

Features of the Boosted Rev include:
24 mph top speed.22 miles range.LED display.Electric brakes.Custom folding mechanism.A Throttle Wheel -- that allows for one-handed acceleration and braking by a roll of the thumb.


Boosted claims the new scooter was put through "rigorous mechanical, electrical, and environmental tests that greatly exceed industry standards for light electric vehicles". The Boosted Rev retails for $1,600 and will begin shipping in and outside the U.S. by summer.



CrowdStrike Files For IPO

CrowdStrike -- a cyber-security company valued at $3 billion from a last year round -- has filed with the SEC to go public, joining the likes of Slack, Fastly, and Postmates which have also filed to hit the public markets this year. According to Crunchbase data, CrowdStrike has raised a total of nearly $500 million in funding.

Below are some key takes from its IPO filing:
$250 million in revenue -- for the year ended January 2019 -- albeit $140 million in losses. Revenue is up from $52.7 million in 2017 and $118.7 million in 2018. Losses grew from $91.3 million in 2017 to $135 million in 2018.$88.4 million current cash and cash equivalents, compared to $63.1 million in 2018.2,516 subscription customers in 2019, compared to 1,242 in 2018 and 450 in 2017.$172.7 million sales and marketing spend in fiscal 2019, compared to $104.3 million in 2018, and $53.7 million in 2018.$58.9 million R&D spend in 2018, compared to $39.1 million in 2017.$44.9 million compensation for CEO George Kurt…

Lilium Unveils Five-Seater Jet

Lilium, a Munich based startup with $100 million in funding that's developing electric vertical take-off and landing jets has unveiled a new five-seater all-electric aircraft prototype and announced a completion of its first maiden flight in German skies. The new aircraft dubbed Lilium Jet is powered by 36 all-electric jet engines that Lilium says allows it to take-ff and land vertically, "while achieving remarkably efficient horizontal, or cruise, flight."

The new prototype has a quite simple design, with no propellers, no tail, no gearbox, and no rudder. Lilium says this "contributes to the safety and affordability of the aircraft" and also leaves room for customer-oriented features like panoramic windows and gull-wing doors.


The Lilium Jet features a top speed of 300km/h and can go 300km on full charge. It first took to the air at 08.03 local time on 4th May 2019 in Germany, after "extensive ground testing" at Lilium's Munich headquarters. The…

Nextdoor Raises $123 Million At $2.1 Billion Valuation

Nextdoor -- the popular neighborhood social network app available in 10 countries (spanning 236,000 neighborhoods) has raised $123 million in funding led by Riverwood Capital, with participation from existing investors Kleiner Perkins, Tiger Global, and Benchmark. An unspecified "large global asset manager" also participated in this round according to Nextdoor's statement.

The company was valued at $2.1 billion with this round, up from $1.1 billion in 2015. Riverwood Capital founder Chris Varelas is joining Nextdoor's board as part of terms of its investment. Nextdoor is notably led by Sarah Friar, the former CFO of payments giant Square and also board member at Walmart and Slack. Friar departed Square October last year to take the reins at Nextdoor.


This round included, Nextdoor has raised some $400 million in total funding according to Crunchbase data. Other notable investors in the company include Greylock Partners, Shasta Ventures, Axel Springer, Comcast Venture…

Away Raises $100 Million At $1.4 Billion Valuation

Away -- the popular New York headquartered luggage travel brand -- has raised $100 million Series D funding that values it at $1.4 billion, up from $400 million last year according to Pitchbook data. Wellington Management Company led the round, with participation from Lone Pine Capital, Baillie Gifford, and existing investor Global Founders Capital. This round included, Away has raised a total of $156 million since inception.

The company says it grew from $12 million in sales in its first 12 months, to $150 million in 2018, and claims it's projected to double sales this year. With this funding, Away says it'll expand its product line, grow its physical retail footprint, and fuel international expansion.


Away has hit a unicorn valuation just three years after start which is quite impressive. The company is among several others that have raised huge funding recently which include Nextdoor ($123 million at $2.1 billion valuation), GM Cruise ($1.15 Billion At $19 Billion Valuatio…

Samsung Launches Apple TV And AirPlay 2 On TVs

Samsung has issued a firmware update that'll make the new Apple TV app and AirPlay 2 support available on its 2019 model smart TVs and select 2018 models. Apple TV will be available on its smart TVs in more than 100 countries while AirPlay 2 support spreads to 176 countries. This entails users of Samsung's Smart TV platform can now launch Apple TV via a simple icon to access their iTunes movies and TV show purchases.

When Apple TV+ launches this fall, users will be able to gain access to the host of new content from the likes of Oprah Winfrey, Steven Spielberg, Jason Momoa, and Octavia Spencer being launched by Apple. For now, users can subscribe to channels within the Apple TV app, paying for only the ones they want and watching directly via the app.


The Apple TV app will work together with Samsung Smart TV services like Bixby, Search and Universal Guide. Also, with AirPlay 2 support, users are now able to play content from their iPhone, iPad or Mac directly on their Samsung…