Skip to main content

Posts

Showing posts from October, 2018

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…

The new Mac Mini brings five times performance, More Memory Capacity, 6-Core Processors and more

Apple unveiled the new Mac Mini just recently and has outed what brings five times performance than its predecessor, 6-Core Processors, all-flash storage and up to 64GB of faster memory which places it as the most powerful Mac Mini ever made.

It's fitted with Thunderbolt 3 ports, the Apple T2 Security Chip and a 10Gb Ethernet option making it more faster and also secure for users. It's five times performance is made possible through its quad- and 6-core 8th-generation Intel Core processors with Turbo Boost Speeds up to 4.6GHz and Intel UHD graphics.




This enables the new Mac Mini take on traditional desktop tasks like music creation and software development, photo and video editing and professional tasks like video transcoding, code compiling and live musical performances with ease. With up to 64GB of 2666 MHz memory, It can load larger files into memory, run more virtual machines or manipulate even larger data sets.

It now features the speed and reliability of all-flash stora…

Apple introduces an all-new Macbook Air

Apple has outed a new MacBook Air packed with a stunning 13-inch Retina display, Touch ID and the latest processors in a portable design. It's one that delivers all-day battery life and features an Apple-designed keyboard, faster SSDs, a spacious Force Touch trackpad, wide stereo sound and the Apple T2 Security Chip and Thunderbolt 3.

The new Macbook Air is fitted with a stunning 13.3-inch Retina display with over 4 million pixels of resolution to cater for sharp image looks. Images are more lifelike with 48% more color than the previous version. It also includes a built-in FaceTime HD camera suitable for Group FaceTime calls and a a three microphone array that caters for enhanced sound quality and improved voice recognition for Siri.


The T2 Security Chip makes it much more secure with an SSD controller with on-the-fly data encryption for everything stored on it that enables the most secure boot process and storage of any Apple notebook.

An 8th generation Intel Core i5 processor,…

Apple outs the most powerful iPad ever

Apple today launched the new iPad Pro with an all-screen design that counts as its most powerful iPad ever. The new device marks the biggest change to the iPad ever with its all-screen design and high performance thanks to a custom chip along with other features such as Face ID, a new USB-C connector, Gigabit-class LTE and up to 1 Terabyte of storage.

It sports the A12X Bionic chip which outperforms most PC laptops and stands as the most powerful chip in a tablet that caters for even the most demanding computing tasks such as creation of 3D models and editing of high quality photos among others.


The  A12X Bionic is built on seven-nanometer technology and features four performance cores and four efficiency cores that cater for up to 35 percent faster performance. It's also fitted with a new performance controller that enables simultaneous use of all eight cores for an up to 90 percent boost during multi-threaded tasks.

Apple’s next-generation Neural Engine featured in this new iPa…

HeadSpin closes $20 million round at $500 million valuation

HeadSpin, a fast growing software firm that provides a mobile performance platform used by the likes of Tinder, Akamai and DocuSign has raised $20 million Series B funding from new investors ICONIQ, EQT Ventures, Battery Ventures, Quora founder Adam D'Angelo, Kearny Jackson, Ross Mason and Ryan Hoover who all joined existing investors GV, Telstra Ventures, DanHua Capital, Nexus Ventures Partners and others.

TechCrunch reports of this round valuing the company which emerged from stealth just last year at $500 million. HeadSpin was founded by Former Zynga CTO Manish Lachwani and ex Palantir engineer and Nextop founder Brien Colwell who hold the positions of CEO and CTO respectively.

Its platform spans more than 22,000 SIM-enabled devices at over 150 locations and enable customers to quickly debug, test and optimize for user experience and performance under real-world conditions around the globe. It's customers in total serve approximately 3 billion of the world's mobile user…

Coinbase raises $300 million at post-money valuation of $8 billion

Crypto exchange Coinbase has closed a $300 million Series E round led by Tiger Global with participation from Andreessen Horowitz, Polychain, Y Combinator Continuity, Wellington Management and others and is now valued at $8 billion post-money as per its statement.

Coinbase is gearing this financing towards global expansion, offering of more crypto assets, utility applications for crypto and courting of institutions into the digital currency scene.

"Coinbase is, and will remain, a crypto-first company. More than anything, we’re proud of the millions of people that have turned to Coinbase as their entry-point into crypto." An official blog post read.


"We take that responsibility very seriously. We strive to be the easy, trusted way for anyone to get started with cryptocurrencies. We see Coinbase’s growth as validation that the ecosystem will only continue to grow in size, influence and impact — ultimately ushering in a more open financial system for the world." It s…

The Mercedes-Benz baby carriage Avantgarde offers great child mobility

An all-new Mercedes-Benz baby carriage Avantgarde that offers ergonomic functionality, tested safety and innovative materials geared at enhanced child mobility has been introduced to the market. The new product sports a modern, sporty look and is developed by German manufacturer Hartan in collaboration with the Mercedes-Benz Design department.

The result of this collaboration is a baby carriage characterized by ergonomic advantages, a low net weight, AMG design-inspired 5-twin-spoke wheels, a parking brake, telescopic handlebar and a stowage compartment as well as adjustable suspension and air-chamber tyres which assist in the everyday efforts of moving children around.


The carriage is produced by Hartan known to be deeply involved in the manufacturing of baby carriages having begun that since the 1950s. Hartan stands as an expert specialist in this field and has succeeded in producing what bears the German Association for Technical Inspection (TÜV) seal of approval and meets high re…

A limited 10 units of the 2018 Audi R8 V10 plus Coupe Competition are arriving next month

Just 10 units of the most performance-oriented production R8 model ever made and preconfigured with all the available Audi Sport performance parts will be available for grabs in the U.S. starting from next month.

The new model dubbed the R8 V10 plus Coupe Competition package caters for reduced vehicle weight and increased downforce over previous models through the use of titanium backing plates for the carbon ceramic brake pads. It also features 20 inch fully milled wheels similar to that of the R8 GT4 that saves another 26.4 pounds of weight and signifies another examples of motorsport technology brought to the road.


It's full carbon fiber aero kit increases its downforce at 150 km/h (93.2 mph) which counts as double compared to that of an R8 V10 plus Coupe. This downforce is also increased at by 100 kg to 250 kg at top speed of 315 kilometres per hour.

All 10 units stand identical and are fitted with the listed contents:

Dynamic SteeringBang & Olufsen sound systemThree-way a…

The 2019 Honda Civic Si packs new colors, upgraded tech and an Enhanced interior

Starting from the 1st of November, The 2019 version of the Honda Civic Si will arrive at dealerships where customers would be able to take home a vehicle which sports a range of interior improvements from the previous model, new exterior colors, an updated Display Audio system with a new interface and improved Bluetooth integration.

The sport tuned variants comes with a powerful 205-horsepower, 1.5-liter, direct injected and turbocharged in-line 4-cylinder engine with VTEC valvetrain, a helical limited-slip differential, a slick-shifting 6-speed manual transmission and an adjustable two-mode adaptive damper system.


It comes available in 2-door coupe and 4-door sedan body styles packed with a host of changes to its interior. In addition to its updated Display Audio system, it includes more intuitive steering wheel controls, larger cupholders, an improved electronic parking brake switch, and physical buttons for fan speed.

Platinum White Pearl has also been added to the vehicle's c…

Blue Apron kits are now available on Jet.com

Blue Apron's meal kits beginning today is now available for millions of households across most of New York as well as Jersey and Hoboken on Walmart owned e-tailer Jet.com's online and mobile platforms thanks to a partnership between both companies.

Blue Apron counts as a priority partner in Jet’s newly-launched City Grocery offering and will offer a dedicated branded experience featuring changing selections of two-serving recipes designed to serve Jet's customers.


The first kits that will be offered on Jet.com are:

Seared Steaks & Peperonata with Fregola Sarda Pasta & Grana Padano Cheese (2 servings, 28 oz) $22.99 Dukkah-Spiced Beef & Couscous with Tahini-Dressed Broccoli (2 servings, 41 oz.) $20.99 Togarashi Popcorn Chicken with Sweet Chili Slaw & Jasmine Rice (2 servings, 32 oz.) $18.99 Italian Farro Bowl with Roasted Vegetables & Mozzarella (2 servings, 32 oz.) $16.99 This announcement comes soon after Jet’s new relaunch with a new design geared at o…

IBM set for $34 billion Red Hat acquisition

IBM has now officially announced a move to merge with Red Hat, the world's leading provider of open source cloud software in a deal worth $34 billion under which IBM will play $190 per share for all issued and outstanding common shares of Red Hat.

This counts as an over 50% premium from the current price of Red Hat stock (about $117) as of writing. Both companies are merging to provide "open approach to cloud, featuring unprecedented security and portability across multiple clouds" as per an official press release.


An acquisition of Red Hat will stand as very significant for this year marking the largest for 2018 and one of the biggest in the entire tech industry so far. IBM will maintain Red Hat’s open source innovation legacy while scaling its vast technology portfolio and empowering its widespread developer community as per its statement.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” IBM Chairman, President and CEO Ginn…

BMW fits the X5 with M Performance Parts

BMW has fitted the X5 SUV with additional performance parts targeted for customers who wish to selectively fine-tune the vehicle's sporty personality and give this aspect for emphasis. The new SAV (Sports Activity Vehicle) scheduled for worldwide launch next year has been kit with a new range of its signature M performance parts which include all-terrain wheels, carbon fibre exterior components, the Drive Analyser data analysis and optimization feature and several other perks.

For customers who desire to make good use of its off-road capability, the the 20'' M light alloy wheel Star Spoke 748 M with all-terrain tyres is now available for the 4th generation of the X5 which also sports an eye-catching BMW M logo on a rim finished in sporty matt black. Optional 22 inch M Performance wheels about 1kg lighter than comparable wheels of the same size thanks to a special manufacturing technique are also available.





A vast selection of M Performance components with roots in motor r…

Most Read Posts

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…

Right Now, You have a free copy of The Techie's first ever print Magazine - Access it here!

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…