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Pax Labs Heats Up With $46.7 Million In Series C Funding
Jun 10, 2:01PM
Pax Labs, the folks responsible for the Pax botanical vaporizer, have today announced a massive round of funding. The company is receiving $46.7 million in Series C financing led by existing investors Tao Capital and Sand Hill Angels, with participation from Fidelity Management & Research Company, Silvia Capital, and many more. The company plans to use the funding to expand… Read MoreDuolingo Raises $45 Million Series D Round Led By Google Ventures, Now Valued At $470M
Jun 10, 2:00PM
Duolingo, the free language learning service co-founded by reCAPTCHA inventor Luis von Ahn, today announced that it has raised a $45 million investment round led by Google Ventures. The company’s previous investors, which include the likes of Union Square Ventures, NEA and Kleiner Perkins Caufield & Byers, as well as Ashton Kutcher and Tim Ferris, also participated in this… Read MoreFacebook Says Its Creative Accelerator Program Is Seeing Success In Emerging Markets
Jun 10, 1:00PM
Facebook announced a new Creative Accelerator program earlier this year, with the aim of delivering more effective advertising in emerging markets like India and Kenya. The early results, it says, are promising. With its massive user base, the social network’s future growth will have to come from emerging markets like India. It’s already working to bring more people online through… Read MoreMicrosoft's 7 Foot Surface Hub Wall-Computer Will Set You Back A Cool $19,999
Jun 10, 1:00PM
Microsoft will start accepting pre-orders of its Surface Hub device on July 1 in 24 markets. The devices will commence shipping in September. The larger device, weighing in at 84 inches, will cost $19,999. The smaller, 55 inch option is a far-cheaper $6,999. In case you are behind, the Surface Hub is a massive touch screen, built on the tech that Microsoft acquired by buying Perceptive… Read MoreNanometer-Sized Robots Can Now Take Colon Biopsies
Jun 10, 12:38PM
Researchers have invented a non-invasive way for thousands of nanometer sized robots to perform tissue biopsies. Developed by Professor David Gracias at Johns Hopkins University, these starfish shaped robots are able to enter the body, collect a minuscule tissue sample, then be extracted by a doctor. These tiny devices are made of materials that react to things like temperature, pH level,… Read MoreEuropean Mobile Payment Startup SumUp Discloses A Total $45M In Funding
Jun 10, 12:11PM
In the rush of companies crowding into the mobile payment space, a startup out of Europe has announced more funding to grow its footprint and add contactless hardware. SumUp, a startup originally founded in 2012 in Berlin that competes against the likes of iZettle and Rocket Internet’s Payleven, has raised an undisclosed amount led by Swiss backer Venture Incubator. The exact figure is… Read MoreQuantcast Appoints Stephen Collins As Its New CFO
Jun 10, 12:00PM
Online measurement and advertising company Quantcast has hired a new chief financial officer — Stephen Collins, former CEO at Bazaarvoice. Collins has also served as CFO at Bazaarvoice and DoubleClick, and he’s had an advisory role at Quantcast since 2012. He’s replacing Peter Kuipers, who became CFO at the end of last year. Quantcast says Kuipers “has left the company… Read MoreThe Future Of Enterprise App Development Is Swift
Jun 10, 12:00PM
This week Apple wrapped it’s keynote at WWDC, their annual developer event, and it’s clear from the numbers that the app ecosystem continues to grow at an incredible pace with 100,000,000 apps downloaded, and 850 downloads a second via the app store. All of that is good news for developers with $30 billion paid out in the 7 years since the app store was launched. As expected,… Read MoreSpotify, Mum On Funding, Announces 20M Paying Users, 75M Overall, Touts $3B Paid Out To Artists
Jun 10, 11:21AM
Streaming music service Spotify is not confirming the reports today about its latest funding round, but it’s putting out some of its own news: the company today announced that it now has 20 million paying users, and 75 million overall. It also updated its numbers revealing how much it’s paying out to artists from streams on its platform to $3 billion to date, with $300 million in… Read MoreAppNexus Move Back Into Video Ads With A New Product And A New Exec
Jun 10, 9:00AM
AppNexus has become one of the big names in ad tech, but CEO Brian O’Kelley (pictured above) recalled that back in 2012, the company had to pull back in a major category — namely, video. While AppNexus built its business around display ads, O’Kelley said the company also offered “basic video capabilities” at the time. Unfortunately, due its growth, in his… Read MoreSweden's Telia Sonera Confirms $115M Investment In Spotify, Now Valued At $8.53B
Jun 10, 7:00AM
Timed to offset the big Apple Music launch earlier this week, popular music streaming service Spotify has finally closed its latest financing round. Among the investors is Sweden’s main carrier, Telia Sonera, which today announced that it is investing $115 million for a 1.4 percent stake in the company. Telia Sonera is the only company making a public confirmation of investment at… Read MoreFacebook's Messenger Platform Gets Its First Game
Jun 10, 5:49AM
Facebook Messenger’s quest to own all the ways you connect with friends is now expanding to games. Today I spotted “Doodle Draw Game” in the Messenger platform app list, and Facebook says this is the first true game available since the platform launched in April. Initially, Facebook only allowed content creation apps like GIF and sound effect makers on the Messenger Platform. Read MoreUK Tech Founders Take The Founders Pledge To 2%, Committing $28m+ To Good Causes
Jun 10, 4:32AM
Well, it could be argued that the likes of Mark Benioff and others kicked off the most recent wave of tech philanthropy, but his “1%” pledge of equity, time and product to good causes has caught the imagination of entrepreneurs globally. Today however, a UK movement aims to put their own twist on this theme. After germinating in 2013 at the – principally European-based… Read MorePayroll Giant ADP Cuts Off Small Business Clients' Access To Zenefits
Jun 09, 10:21PM
HR startup Zenefits and 50-year-old corporate payroll incumbent ADP are pulling no punches in a battle over the use of third-party data. The dispute seems to have started around June 4th when ADP cut off Zenefits small business clients using the ADP RUN payroll system from sharing data with Zenefits. ADP said in a statement that it did this because Zenefits was, “pulling sensitive… Read MoreTC Cribs: Postmates HQ Delivers On Design
Jun 09, 9:17PM
This week’s episode of Cribs takes us to Postmates, the startup that runs an on-demand delivery platform that promises to bring you practically anything — from lunch to office supplies — in less than an hour. Read MoreBox Earnings Preview: Levie's Machine Goes Up Against The Street For Round Two
Jun 09, 8:19PM
Tomorrow is the best day of the quarter. Why? Because Box will report its financial performance and everyone has a hot take on Aaron Levie’s enterprise collaboration firm. I may be guilty of that as well. Since its IPO, Box has reported earnings a single time. It didn’t go particularly well, due at least in part to some technical issues regarding collated analyst expectations that… Read MoreVine Updates Search Results To Include Actual Vines, Not Just Hashtags And People
Jun 09, 7:26PM
Vine has today updated its app to include even better search results. When you go over to the Explore Tab, Vine will serve up the top results and the most recent posts for your search. Before, Vine would only return hashtags and usernames, but the new version of search shows actual content, including the most popular and the most recent posts that fit your criteria. It’s a minor update… Read MoreUrban Engines Wants To Help You Leverage All Forms Of Transit
Jun 09, 7:08PM
If you’ve spent much time in San Francisco over the past few years, you’ve seen the city slowly congest itself into something Gordian. Getting around has become increasingly difficult as construction cuts into lanes, roads can’t handle the traffic load, and the public transit system strains to operate in an increasingly chaotic environment. The issue is bad enough that… Read MoreHere's How Third-Party Apple Watch Apps Can Track Workouts In watchOS 2
Jun 09, 6:55PM
Good news developers: You’re able to create native Watch apps that track a wearer’s activity, and can report back to Health with information about the workout, as well as remain active throughout the workout session just like Apple’s own native Workout app. Thanks to new watchOS 2 workout APIs, third-party apps will gain access to activity and workout data. Watch apps also… Read MoreRhombus Lets Businesses Accept Payments By Text
Jun 09, 6:55PM
Since millennials don’t use credit cards, cash, or even beads and shells, the only way to get them to pay for anything is through their smartphone. Add in a text-to-pay service like Rhombus and you’ve got Williamsburg catnip. This new app allows people to pay you via a special contact number. For example, a customer can text you an order – “five large soy chai latte… Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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