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Feb 12, 7:34AM
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Just three days after launching a $42 million fund, Line has announced its first investment. LINE Life Global Gateway Fund is putting an undisclosed amount of money into 3Minute, a Japanese online video production startup.
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Feb 12, 6:31AM
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Pinterest is making its visual social network a destination for app downloads, after it announced a partnership with Apple that lets its users download iOS apps directly from its mobile app.
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Feb 12, 6:30AM
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Alibaba marketplace Taobao will celebrate Valentine’s Day by sending gay couples to the U.S. and other countries where same-sex marriage is legal. To be sure, the event, We Do, is a publicity ploy like Alibaba’s recently announced drone pilot program. We Do, however, is much more notable because it is unusual for a Chinese company to publicly support gay rights.
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Feb 12, 5:24AM
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Zomato, the restaurant discovery site that bought U.S. rival Urbanspoon last month, is expanding its business into food orders, starting in its home market of India next month.
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Feb 12, 4:00AM
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Shane Leonard recently wrote a doomsday post on this site about robo advisors, whose rapid growth has made the behemoths of finance take notice. Now that robo advisors like Betterment and Wealthfront have shown there’s a market for low-cost, online investment management, Leonard predicts that the industry’s incumbents will copy robos’ technology and offer similar services…
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Feb 12, 3:14AM
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GrabTaxi, the SoftBank-backed taxi-on-demand service in Southeast Asia, is preparing to introduce cashless payments to take it beyond cash-only fares and put it on par with Uber’s frictionless payment system.
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Feb 12, 1:10AM
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Given the current job market in Silicon Valley, one of the biggest challenges faced by startups and established companies alike is the difficulty in finding and recruiting the best engineers.
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Feb 12, 1:02AM
Cloud storage company Dropbox announced today it has hired Vanessa Wittman as its new finance chief, who will be replacing longtime CFO Sujay Jaswa. Wittman brings some public company experience, having served as CFO and SVP at Motorola Mobility after the company had been acquired by Google and during the company’s later sale to Lenovo. Prior to that she was CFO of Marsh & McLennan…
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Feb 12, 1:00AM
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Japanese company Metaps has pulled in a $36 million Series C round of financing from existing and new investors in Japan. While its initial focus was on app monetization, the company now touts itself as a big data and machine-learning play.
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Feb 12, 12:44AM
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Super-trendy e-commerce site Jet has raised an additional $140 million in funding. In an email to TechCrunch, the company confirmed that it has pulled in a new round led Bain Capital Ventures, with additional participation from Accel Partners, Coatue, General Catalyst, Goldman Sachs, Google Ventures, MentorTech Ventures, NEA, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive…
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Feb 12, 12:20AM
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During today’s call with analysts, AOL CEO Tim Armstrong laid out some of his plans and priorities for 2015, and he elaborated on those plans in a short TechCrunch interview afterward. This comes after AOL laid off what we heard was about 150 employees, and closed two of its tech sites, Joystiq and TUAW — though they survive, to an extent, as parts of Engadget. Armstrong told…
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Feb 12, 12:14AM
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Fitbits are still causing rashes. Some owners of the Surge are reporting that, like the Force and Charge before it, the new smartwatch activity tracker is causing a rash. Fitbit’s solution? Take the thing off occasionally. Fitbit tells TechCrunch that a very limited percentage of users reported skin irritation and the reactions are not uncommon with jewelry or wearable devices that stay…
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Feb 11, 11:56PM
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You love books… but you also love places to sit. You’re in a bind. The evil Dictator of your tiny country says you can only one of the two – a book or a chair. What to do? If you have Bookniture, you can thumb your nose right at Generalissimo Alibria’s state photograph and sit on your book. What is this thing? Well, it’s basically a fold-away form of furniture made…
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Feb 11, 11:32PM
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At a makeshift test track in a parking lot in San Jose, I got to take a test drive of the i-Road, a vehicle that fits a person and their bag (or a small child) and combines the ride characteristics of a miniature car and a motorcycle.
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Feb 11, 11:00PM
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The Information Age has the potential to overwhelm. When that happens on a technical front – when the volume of data is so large that traditional databases cannot handle it, or not handle it well – the industry refers to the phenomenon as “big data.” The term has even come to refer to the technological processing that takes place with the vast amounts of data.
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Feb 11, 10:43PM
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Electric car manufacturer Tesla reported earnings today following the bell, including $1.1 billion in non-GAAP revenue, and an adjusted loss per share of $0.13. On a GAAP basis, using normal accounting methods, Tesla had a wider loss of 86 cents per share, and revenue of $957 million. The company delivered 9,834 cars in the period. In the sequentially preceding third quarter, Tesla delivered…
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Feb 11, 9:39PM
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HubSpot reported its fourth quarter financial performance today after the bell, losing $7.1million (non-GAAP) on revenue of $34.2 million. The company had previously guided the market to anticipate between $31 and $32 million in fourth quarter top line. Investors had expected the recently-public company to lose $0.27 per share on revenue of $31.68 million. Down a fraction in regular trading…
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Feb 11, 9:25PM
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Today following the bell, Zendesk reported its fourth-quarter performance. The company lost an adjusted $0.11 per share on revenue of $38.5 million. The street had expected the company to lose $0.12 per share on revenue of $36.74 million. The company’s revenue grew 71 percent on a year-over-year basis, leading to an adjusted net income of negative $8 million and, employing normal…
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Feb 11, 9:22PM
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America isn’t the land of opportunity unless you can get a job after college to earn a visa. That makes picking a city in which to attend a university a critical decision for international students. Some services can charge families thousands of dollars to guide them through the U.S. college selection process.
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Feb 11, 9:17PM
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This is the third time SpaceX has attempted to launch the DSCOVR, a satellite designed to go about four times further from the earth than the moon, and then provide whole-disc imagery of Earth, as well as warnings of extreme reactions from the sun that might be able to knock out power grids and communications. Advance warning could help people prepare in the case of extreme solar storms. SpaceX…
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