Infor lands $1.5 billion investment ahead of possible IPO

Wed, 16 Jan 2019 15:56:32 +0000
Infor, a NYC-based enterprise software company, announced a massive $1.5 billion investment today that could be the precursor to an IPO down the road. One analyst is estimating that the valuation could be at least $60 billion. The investment is being led by Koch Industries’ investment arm, Koch Equity Development, and Golden Gate Capital. Today’s […]
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China accounted for nearly half of app downloads in 2018, 40% of consumer spend

Wed, 16 Jan 2019 15:41:50 +0000
Global app downloads topped 194 billion in 2018, up 35 percent from 2016, according to App Annie’s annual “State of Mobile 2019” report released today. Consumer spending across app stores was up 75 percent to reach $101 billion. The report, which analyzes trends across iOS, Android and the third-party Android stores in China combined, follows […]
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EVs and online marketplaces thrive despite slump in Chinese car sales

Wed, 16 Jan 2019 15:04:45 +0000
China’s massive auto market hit the brakes last year as trade tensions and a softening economy dampened consumer confidence, but one segment soared on account of increasing internet penetration — used car sales. New passenger car sales fell to 23.7 million last year, representing a 4.1 year-over-year drop according to a new report by China’s Association of […]
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HyperScience, the machine learning startup tackling data entry, raises $30 million Series B

Wed, 16 Jan 2019 15:00:18 +0000
HyperScience, the machine learning company that turns human readable data into machine readable data, has today announced the close of a $30 million Series B funding round led by Stripes Group, with participation from existing investors FirstMark Capital and Felicis Ventures as well as new investors Battery Ventures, Global Founders Fund, TD Ameritrade, and QBE. […]
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Techstars will build and launch startups with new venture studio

Wed, 16 Jan 2019 15:00:15 +0000
Techstars is announcing Techstars Studio, its latest attempt to bring corporations closer to the startup ecosystem.
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DoorDash is officially live in all 50 states

Wed, 16 Jan 2019 15:00:14 +0000
You can now order meals via DoorDash in Alaska, Montana and South Dakota.
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Most Facebook users still in the dark about its creepy ad practices, Pew finds

Wed, 16 Jan 2019 15:00:10 +0000
A study by the Pew Research Center suggests most Facebook users are still in the dark about how the company tracks and profiles them for ad-targeting purposes. Pew found three-quarters (74%) of Facebook users did not know the social networking behemoth maintains a list of their interests and traits to target them with ads, only […]
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The Motorola Razr could return as a $1,500 foldable smartphone

Wed, 16 Jan 2019 14:44:44 +0000
Motorola has revived the Razr name a few times over the years, but the once mighty brand has failed to regain the heights of its early days as an ultra-slim flip phone. But what better time for for the phone maker’s parent Lenovo to bring back the brand in earnest as the mobile world is […]
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Alexa gets a professional ‘newscaster’ voice for reading the day’s news

Wed, 16 Jan 2019 14:42:28 +0000
Amazon already gave Alexa the ability to whisper, and now it’s rolling out another way to change the assistant’s speaking style – it’s giving Alexa a “newscaster” voice. Starting today, when U.S. customers ask Alexa “what’s the latest?” to hear the day’s news, Alexa will respond using a voice that’s similar to how a professional […]
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Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

Wed, 16 Jan 2019 14:21:01 +0000
In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B […]
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YC-backed Upsolve is automating bankruptcy for everyone

Wed, 16 Jan 2019 14:01:12 +0000
The popular image of a Chapter 7 bankruptcy might be a large company like Enron failing, or maybe some lazy drifter trying to shirk their financial responsibilities. The reality is anything but those sorts of images. Today in America, the most common reason for bankruptcy is to discharge egregious sums of medical debt [1], which […]
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On-demand telehealth company Tyto Care adds Sanford Health, Itochu and Shenzhen Capital Group as strategic investors

Wed, 16 Jan 2019 14:00:51 +0000
Tyto Care, a telehealth company that enables physicians to conduct on-demand remote exams, announced today that it has added $9 million to its Series C, bringing the round’s total to $33.5 million. The new funding comes from strategic investors Sanford Health, Itochu, and Shenzhen Capital Group. First announced last year, the oversubscribed Series C was […]
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