Business News

Meg Whitman says she’s not going to Uber

Startup News - 6 hours 39 min ago
 Hewlett Packard Enterprise CEO Meg Whitman wants everyone to know that’s not going to Uber. Bloomberg and Recode had reported that she was on the short list for the CEO spot, but she took to Twitter to make it clear that it’s not happening. In a three-part tweet, she concluded that the “rumors” have “become a distraction,” so she wants everyone to know… Read More
Categories: Business News

Mattress startup Purple merges with NY shell company in $1.1 billion deal

Startup News - 7 hours 23 min ago
 Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peek at operations at the company’s headquarters in the small town of Alpine, Utah and its giant factory an hour away in rural… Read More
Categories: Business News

Dropbox is reportedly inching closer to a potential IPO

Startup News - 9 hours 43 min ago
 Dropbox may be taking another step in its very slow shuffle toward an IPO, and is now working with Goldman Sachs to prepare documents that could be filed as soon as this year, according to a report by Bloomberg. The company is expected to hire Goldman Sachs as the lead advisor of the IPO process, according to the report. Read More
Categories: Business News

Timekettle’s WT2 real-time translation earpieces enable ordinary conversation across language barriers

Startup News - 13 hours 16 min ago
At TechCrunch’s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It’s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what’s said into the language spoken by each participant. Essentially it’s a Babel fish, though admittedly a rough draft of one. Read More
Categories: Business News

Patook wants to be Tinder for platonic friendships

Startup News - 15 hours 38 min ago
 Technology isn’t necessarily the best solution for forging new real life connections, whatever the collective marketing spiel of the web’s social giants likes to claim. But Patook is having a crack at the tricky feat of remotely sparking friendships, without inviting in the creeps… Read More
Categories: Business News

Net30 wants to fix the construction industry’s payments problem

Startup News - 16 hours 3 min ago
 The invoicing and payments process in the commercial construction industry is broken. It takes a median of about 70 days to get paid, which means contractors are often stuck without enough working capital. Net30, a startup in Y Combinator’s current batch, wants to solve that problem. Read More
Categories: Business News

UpCodes makes researching building regulations less exhausting for architects

Startup News - 16 hours 33 min ago
 For architects, complying with building codes means navigating labyrinthine layers of regulations that vary between municipalities. Sorting through different codes and keeping track of updates is a daunting task and, in a worst-case scenario, a mistake can cost thousands or even millions of dollars to tear out and fix. Firms that can afford it hire building code consultants, but a startup… Read More
Categories: Business News

Peer5 raises $2.5M for its peer-to-peer approach to streaming video

Startup News - 2017, July 27 - 11:40pm
 Peer5, which helps publishers stream video to large audiences, is announcing that it has raised $2.5 million in seed funding. I wrote about the startup earlier this year when it was part of Y Combinator. CEO Hadar Weiss said he raised the funding after YC Demo Day from investors including FundersClub, Oriza Ventures, Tank Hill Ventures, Leorsa Group, Ed Roman and Buddy Anheim. In… Read More
Categories: Business News

Devialet announces surround sound TV speaker with Sky

Startup News - 2017, July 27 - 7:52pm
 French speaker maker Devialet just announced a brand new speaker in partnership with British broadcasting company Sky. The Sky Soundbox is a single speaker designed for your TV. It’s roughly the size of a gaming console and it is supposed to produce surround-like sound. This partnership is something brand new for the French startup. Most people know Devialet for its expensive,… Read More
Categories: Business News

Cool Cousin’s social app for travellers raises $2M round, led by Elevator Fund

Startup News - 2017, July 27 - 6:52pm
 Imagine if you could go to the profile of a friend of Foursquare and instead of scrolling through the long list of coffee shops they’d checked into in Berlin, you could simply click a button and add all their recommendations to your personal map in one go. That’s essentially the offering of Cool Cousin, an app and web site which is mining one of the last bastions of social media… Read More
Categories: Business News

Brolly, an ‘AI-driven’ insurance app, raises £1M seed round led by Valar Ventures and Pi Labs

Startup News - 2017, July 27 - 5:00pm
 Brolly, a U.K. ‘insurtech’ startup that offers an app to help you manage and purchase various insurance products, has raised £1 million in seed funding. Valar Ventures, the U.S.-based venture fund backed by Peter Thiel, led the round, with Pi Labs co-leading. Entrepreneur First (EF) also participated via the company builder’s £40 million “Next Stage Fund”. Read More
Categories: Business News

A running list of every company backed by the $93B SoftBank Vision Fund

Startup News - 2017, July 27 - 8:08am
 When SoftBank announced the first close of its $93 billion Vision Fund back in May, it was hard to understand how the company would even manage to deploy so much capital in an already saturated ecosystem. For starters, it seemed like a good idea to keep a running list of all Vision Fund investments for reference. We will update this list on a regular basis. Read More
Categories: Business News

Medium acquires Talkshow Industries, with CEO Michael Sippey becoming Medium’s head of product

Startup News - 2017, July 27 - 6:43am
 Medium has a new head of product, while the startup behind the defunct texting app Talkshow appears to be done for good. Talkshow Industries was led by Michael Sippey, who’d spent two years as vice president of product at Twitter. The company’s first product was the Talkshow app, which allowed you to follow other users’ text message conversations. The app was shut down at the… Read More
Categories: Business News

Instagram is down for some users

Startup News - 2017, July 27 - 3:11am
 Instagram seems to be down for some users. According to the live outage map on Down Detector, the service is not performing well for some folks in the U.S. and Europe. While it went down for me for a hot second, it’s back up and running now. That said, Twitter is still freaking out, so it seems it may not be functioning properly for everyone at this time. Instagram has yet to say… Read More
Categories: Business News

Google launches its own AI Studio to foster machine intelligence startups

Startup News - 2017, July 27 - 2:01am
 A new week brings a fresh Google initiative targeting AI startups. We started the month with the announcement of Gradient Ventures, Google’s on-balance sheet AI investment vehicle. Two days later we watched the finalists of Google Cloud’s machine learning competition pitch to a panel of top AI investors. And today, Google’s Launchpad is announcing a new hands-on Studio program… Read More
Categories: Business News

Stripe acquires Payable to help on-demand businesses manage 1099 tax reporting

Startup News - 2017, July 27 - 1:00am
 With its Stripe Connect product, Stripe wants to make it easier for on-demand and marketplace businesses to not only process payments from their customers, but also make payments to contractors and vendors. In an effort to bolster the tax reporting tools available to them, the company has acquired long-term partner Payable.  Read More
Categories: Business News

Blue is a dating app for verified Twitter users

Startup News - 2017, July 27 - 12:09am
 A new app is looking to romantically match folks who are verified Twitter users. Blue, by Loveflutter, has launched a new version of their existing dating app that only allows Twitter users with that little blue tick to search for love, and only amongst their fellow blue-tick holders. Loveflutter has actually been around for a while, pivoting from matches based on shared interests (innovative!)… Read More
Categories: Business News

CPG investing platform CircleUp will now issue loans to help consumer brands grow

Startup News - 2017, July 27 - 12:00am
 It’s hard raising money as a consumer packaged goods (CPG) company, but one startup wants to make it easier. CircleUp, which already helps consumer brands raise millions in equity financing, is now going to issue loans to help smaller CPG companies raise working capital and avoid cash crunches. Read More
Categories: Business News

For startups, VC funding is always in season

Startup News - 2017, July 26 - 11:20pm
 We’ve entered the dog days of summer. For many, that means time on the beach, backyard barbecues and, if you’re like us, seeking out the blissful respite afforded by a solid air conditioning system. In the land of startups and venture capital, however, summer can mean something a bit different. Read More
Categories: Business News

August Home raises another $25 million as it expands service partnerships for its smart locks

Startup News - 2017, July 26 - 10:00pm
 When August Home raised its last big round nearly two and half years ago, the smart lock maker was targeting retail expansion. That’s still part of the plan for the company’s new $25 million Series C, but the real story of this latest round is increasing focus on its partnership program, August Access.  The service has already made some headway in the rental market, counting… Read More
Categories: Business News


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