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Indian lending platform Capital Float raises $22M Series C extension from Amazon
Apr 23, 6:30PM
Capital Float, the fintech startup that says it is India's largest online lender, announced today that it has raised $22 million in new funding from Amazon. At the end of last year, reports surfaced that Amazon was considering an investment in Capital Float as an extension of its $45 million Series C, which was announced […]
Heptio launches an open-source load balancer for Kubernetes and OpenStack
Apr 23, 4:56PM
Heptio is one of the more interesting companies in the container ecosystem. In part, that’s due to the simple fact that it was founded by Craig McLuckie and Joe Beda, two of the three engineers behind the original Kubernetes project, but also because of the technology it’s developing and the large amount of funding it […]
CBS All Access arrives in Canada to kick off international expansion efforts
Apr 23, 4:45PM
CBS’ over-the-top streaming service, CBS All Access, is now available for the first time outside the U.S. The network today announced the service has arrived in Canada, ahead of a planned international expansion which will see the streaming service coming to more markets outside the U.S. in the future. There are some differences between the […]
Net neutrality is officially dead today, but the fight to revive it lives on
Apr 23, 4:44PM
Net neutrality's protracted, multi-phase death scene has finally come to an end with a whimper as the FCC rules proposed in May, voted on in December, and entered in the Federal Register in February finally come into effect today. But as before, don't expect some big fanfare by broadband providers and a sudden ratcheting up of prices. Things are going to stay quietly tense for a while.
Rapchat raises $1.6 million to help you make and share your def jams
Apr 23, 4:30PM
The first thing to understand about media-sharing app Rapchat is that co-founder Seth Miller is not a rapper and his other co-founder, Pat Gibson, is. Together they created Rapchat, a service for making and sharing raps, and the conjunction of rapper and nerd seems to be really taking off. Since we last looked at the […]
To win back consumers, big brands should invest in R&D and innovation
Apr 23, 4:30PM
The world of consumer goods is changing. Consumer tastes are becoming more and more fragmented and big incumbents continue to lose market share to upstart brands. It's often difficult for these incumbents to figure out how to respond. CPG is full of smart people but many of the biggest brands have seen their sales stagnate or decline over the past several years.
Ride-hailing app Careem reveals data breach affecting 14 million people
Apr 23, 4:26PM
Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach. Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem said there’s no evidence the hackers accessed passwords or credit card information. While the breach […]
The EU launches investigation into Apple/Shazam deal
Apr 23, 4:25PM
The European Union has been eyeing Apple's plans to buy Shazam for a while now. Back in February, it noted that the deal raised some preliminary competitive concerns. Today, the EU announced that it's all in, launching an "in-depth" investigation into the deal. In a press release issued earlier today, Commissioner Margrethe Vestager notes, “The […]
DoD clarifies winner-take-all cloud contract
Apr 23, 4:14PM
When the Department of Defense announced in March a 10-year winner-take-all cloud contract that could be worth up to $10 billion, it raised a few eyebrows. Last week, they clarified some of the conditions, and it turns out that much like a modern baseball free agent contract, there are a couple of points where the DoD […]
Bluedot Innovation gets $5.5 million in funding to track smartphone users more precisely
Apr 23, 4:08PM
When it comes to the promises of persistent location hyper-awareness, the promises of mobile have largely fallen flat. While this has been a bummer for consumers looking for more contextual services from the apps they have installed, this also has been a pain for marketers keen to get their hands on more quality user data. […]
Deliv now offers same-day delivery for Shopify retailers
Apr 23, 4:05PM
Deliv, which partners with retailers like Macy’s, Best Buy and PetSmart to offer same-day delivery, is enabling Shopify retailers to offer scheduled, same-day delivery to customers. This is thanks to a partnership with Zapiet, a store pickup and local delivery plug-in for Shopify. Zapiet helps Shopify retailers manage store inventories and configure the confines of the deliveries. This […]
Glowforge opens public orders for its desktop 3D laser cutter
Apr 23, 3:52PM
Hardware startup Glowforge, which makes a desktop laser cutter and engraver for home or office use, has finally opened up sales to the general public. The maker-targeted device, which can ‘print’ (read: engrave/laser cut) a variety of materials including leather, wood, acrylic, glass, and even the metal surface of a Macbook, starts at $2,495 for the entry […]
Canary's cameras get person-detecting AI improvements
Apr 23, 3:19PM
False positives are hands-down the worst part of my home security camera. At some point, the thing started sending me video snippets every time my rabbit eats a piece of arugula. Which is fine for, like, a day — and then almost immediately annoying. After rolling out a version of AI-based person detection earlier this […]
43% of music revenues came from streaming last year
Apr 23, 2:37PM
Streaming services and their subscription revenue has saved the music business, according to a new music industry report, which notes that 2017 was the third consecutive year of revenue growth – again, thanks to digital music consumption. Global recorded music revenues reached $17.4 billion in 2017, up from $16 billion in 2016 – an annual growth […]
Apple is offering free battery replacement for some MacBook Pro units
Apr 23, 2:04PM
Apple is offering free battery replacements for some 13-inch MacBook Pro (without Touch Bar) laptops that may have a faulty component. The company announced recently that a limited number of these devices have a component that may fail, which would case the original built-in battery to expand. While Apple says this isn’t a safety issue, […]
Mobile guru Amol Sarva talks about the future of work
Apr 23, 1:51PM
Amol Sarva has done some amazing stuff. The founder of Virgin Mobile, Sarva went on to create the Peek email device created back when cheap, ubiquitous mobile devices were nowhere to be found. Now he runs Knotel, a unique workspace aimed at up and coming startups. In this episode of Technotopia I asked Sarva about […]
Netflix looks to raise $1.5 billion in debt financing
Apr 23, 1:19PM
In the span of 20 years, Netflix has gone from a (super convenient) Blockbuster knockoff to one of the most powerful players in media. Partially, that’s credited to Netflix’s technology, bringing streaming content to the mainstream. But Netflix’s success is also owed in part to its willingness to invest in its content library. Netflix continues […]
This is Volkswagen's ludicrous electric Pikes Peak racer
Apr 23, 1:19PM
Volkswagen is entering the yearly race up Pikes Peak with a lightweight custom racer. Called the I.D. R Pikes Peak, two electric engines are good for 680 hp and 479 lb-ft of torque. The whole package weighs less than 2,500 lbs and VW says the vehicle is good for a 0-60 time of 2.25 seconds. […]
Amazon is reportedly working on a home robot
Apr 23, 12:58PM
For Amazon's latest hardware trick, the company has apparently been working on a home robot under the codename, "Vesta." That nugget comes via Bloomberg sources, who report that the online retail giant expects to start trialing the device in employee homes this year, with plans to launch it to consumers as early as 2019. The […]
Formlabs scores another $30 million in funding
Apr 23, 12:53PM
Formlabs announced this morning that it's raised another $30 million in a Series C lead by Tyche Partners. This latest round puts the Somerville, Massachusetts-based 3D printing company's total funding north to $85 million. It's a rare success story in the world of desktop 3D printing, where most of the company's competitors failed to weather […]
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