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Aug 03, 4:55PM
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Venture-backed food replacement drink maker Soylent – yes, named after the movie where people unknowingly were sustained by eating other people – is out today with its newest product. The company this morning introduced “Soylent 2.0″ (still not people), which is actually a vegan, soy-based nutritional drink that’s now shipping in a ready-to-drink package.
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Aug 03, 4:35PM
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It’s a bit of an emotional rollercoaster for the Frontback community right now. On July 23rd, the company announced that it would shut down on August 15th after two years. But something highly unexpected happened. A new team is taking over at Frontback and the service will stay open after August 15th.
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Aug 03, 4:11PM
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Inside a recent SEC filing, Microsoft detailed the figures behind its massive goodwill writedown that trashed its earnings last quarter. The writedown was an admission that the company’s expensive attempt to break into the first-party smartphone business has struggled.
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Aug 03, 3:55PM
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Bohemian Guitars first won our hearts with their unique oilcan git-fiddles, an instrument at once primitive and surprisingly advanced. I played with them about two years ago and now they’re back with two new instruments and an updated axe.
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Aug 03, 3:43PM
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Sony announced two mid-range smartphones today focusing on what Sony does best — smartphone cameras. As a reminder, Sony is one of the leading providers of smartphone cameras, supplying the biggest smartphone makers in the world. For example, both Apple and Samsung rely on Sony for their flagship phones, the iPhone 6 and the Samsung Galaxy S6.
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Aug 03, 3:28PM
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Amazon quietly rolled out a series of changes to its “Amazon Household” program and the ability for Prime members to share their shipping benefits over the weekend. The changes are designed to limit the ability for customers to share Amazon Prime subscriptions with those who are not actually members of their immediate family, it appears. Amazon previously allowed anyone with an…
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Aug 03, 3:00PM
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Back in May, Eden launched out of the Y Combinator accelerator to provide users with on-demand tech help, whether it’s fixing a cracked iPhone screen, solving WiFi issues, installing a printer or mounting a new TV. The startup has seen steady growth, and since raised $1.3 million in seed funding, but thus far the company has been using 1099 contractors to deliver Eden tech help service.
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Aug 03, 2:05PM
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Microsoft announced this morning the acquisition of Austin, Texas-based Incent Games, the makers of a “sales gamification” platform called FantasySalesTeam. As the name implies, the company’s software allows sales organizations to run contests that are similar to those found in fantasy sports. Microsoft says today it will make this feature available to its own customers in…
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Aug 03, 1:17PM
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After launching in Istanbul just over a year ago, Meal Box, a healthy meal delivery startup, is looking to corner the take-out market in the world’s fifth-largest city. Backed by $3.6 million in funding from Aslanoba Capital, one of Turkey’s most active venture firms, the company wants to replace fast food with traditional, healthy Turkish cooking for a generation of young…
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Aug 03, 1:07PM
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Every two years, betaworks brings in brand new entrepreneurs and helps them bake up a new batch of products and services. In 2013, those companies included Giphy, Dots, and Poncho, and now the startup studio is ready to introduce its first new product of the 2015 batch. World, meet Glitter! Glitter is a personal trading cards app, which lets users create mobile, tradable cards that feature…
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Aug 03, 11:30AM
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WizRocket, which helps companies increase user engagement by fine-tuning mobile, web, and e-mail notifications, has raised $8 million in new funding from Sequoia Capital and returning investor Accel Partners. The Palo Alto-based startup will use its fresh capital to launch an API for developers and a new engagement platform. Along with a previous seed round from Accel, this brings…
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Aug 03, 9:32AM
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Xiaomi regained the crown as China’s top smartphone in Q2 2015, according to reports from multiple analyst firms.
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Aug 03, 8:52AM
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BoardVitals is essentially a repository for hard questions. Aimed at doctors to be, the service wants to change the way medicine is taught and is beginning with the medical boards, test taken by doctors in specific fields to become licensed to bleed you to release the bad humours. The company raised $1.1 million in Series A from Rock Creek Capital after a small seed fund. The company has…
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Aug 03, 8:33AM
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SoftBank is back investing in India after it lead a $100 million round for OYO Rooms, a two-year-old startup that runs an online marketplace for affordable hotels in the country.
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Aug 03, 8:16AM
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The former head of bitcoin exchange Mt.Gox, Mark Karpeles, screwed a lot of early adopters. It is unclear at this point how much Karpeles allegedly lost or took, but the Japanese police are claiming he lost about $387 million while Mt. Gox was in business. While his inept management was inexcusable – according to Japan Times Karpeles apparently added millions in bitcoin to a live server…
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Aug 03, 7:19AM
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Snapdeal, one of India’s biggest e-commerce companies, has scooped up $500 million in funding from Alibaba, Foxconn and SoftBank, according to Re/code. The Wall Street Journal first reported in June that Alibaba and Foxconn were in talks to jointly invest $500 million in Snapdeal in June at about a $5 billion valuation. SoftBank was already Snapdeal’s largest shareholder, having…
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Aug 03, 5:45AM
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Nokia has announced that it has agreed to sell its HERE mapping business to a consortium of automobile makers for €2.8 billion ($3.07 billion), ending months of speculation over its future. The Finnish company confirmed that it will hand the business over to AUDI AG, BMW Group and Daimler AG (Mercedes) in a deal that is expected to close in the first quarter of next year.
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Aug 03, 4:01AM
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If you were anywhere near the internet in late July, you probably read the news: Charlie Miller and Chris Valasek, two security researchers who specialize in hacking cars, figured out how to remotely take control of a Jeep. They didn’t just take control of the vehicle from ten miles away— the hacking duo exploited a software flaw that shut down the Jeep’s engine while…
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Aug 03, 1:00AM
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On July 16, the U.S. Treasury Department finally made a move that many fintech professionals have expected – and some dreaded – for years. They issued a Request for Information (RFI) for online marketplaces. Their goal is to “allow policymakers to study the various business models and products offered by online marketplace lenders, the potential for online marketing lending…
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Aug 02, 10:00PM
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If you are following the battle of the short messaging systems, you might think it is a one-dimensional contest between the systems that maintain your chat history for all time – like Twitter and Facebook – and the so-called disappearing messengers – like Snapchat – where messages vanish after being read.
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