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Albertsons snaps up meal kit startup Plated for $200 million
In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount, brokered by Credit Suisse Group AG. Read More
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Rackspace acquires Datapipe as it looks to expand its managed services business
Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. Read More
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Volvo acquires car valet startup Luxe to boost its digital services business
After a pivot and months of speculation about the future of car valet and concierge startup Luxe, the company has finally found a home. Today, automaker Volvo Cars announced that it is acquiring the startup’s platform, technology, key staff and other assets, which it will use to put some fuel into its own digital services strategy. The terms of the acquisition are not being disclosed, but… Read More
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Cloudera acquires AI research firm Fast Forward Labs
Cloudera said today as part of its second-quarter earnings report that it is acquiring Fast Forward Labs, a startup that gives companies the latest information on how to apply machine learning and AI to their businesses, as well as consulting. Read More
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Is Symantec getting ready to buy Splunk?
Yesterday, Symantec CEO Greg Clark flexed his M&A biceps, saying that Splunk could be an attractive target. Clark definitely plans to go whale hunting to regain Symantec’s long-lost security position. Symantec expects to grow 3-5% in 2018. Compare that to Splunk, which projects to grow upwards of 20% and generate $1.2 billion revenues, and it’s not hard to see why Clark is… Read More
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Turo raises $92M and acquires Daimler’s Croove car-sharing business
Turo has a new strategic partner in automaker Daimler, with ties solidified through both an investment by Daimler in the car-sharing startup and through the acquisition by Turo of Croove, Daimler’s own Turo-like subsidiary. The funding is part of a new $92 million Series D round raised by Turo, which was also led by South Korean giant SK Holdings, in addition to Daimler, and which… Read More
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Meltwater acquires Algo, an AI-based news and data tracker
Meltwater, a company originally founded in Norway that provides data to more than 25,000 businesses to track where and how they are mentioned in media and other public platforms, has acquired a startup to double down on how it uses machine learning and artificial intelligence to do its job. The company has acquired Algo, a startup that has built a data analytics platform for real-time… Read More
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How Amazon’s Whole Foods compares to Walmart after today’s price cuts
Amazon closed on Whole Foods today and began slashing the chain’s grocery prices this morning as a result. The goal with the price cuts is to bring Whole Foods more in line with rival stores. But even with Amazon willing to slim its margins on Whole Foods’ groceries, can it really expect to compete with its top competitor Walmart when it comes to affordable groceries? Read More
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Western Digital acquires cloud services company Upthere
Western Digital has today announced that it purchased Upthere for an undisclosed amount. Upthere had previously raised $77 million from an impressive list of investors, with KPCB and Western Digital Ventures leading the round. Upthere wants you to think of its service as the canonical location where your data lives. It’s available for OS X/MacOS, Windows, Android and iOS. Read More
Latest Crunch Report
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Here’s how much prices dropped at Whole Foods today
The big day is here — sorta. Amazon’s $13.7 billion purchase of Whole Foods was slated to bring significant price drops to a number of Whole Foods brand products today. Discounts we saw ranged from six percent on the low end for pasta sauce to nearly 30 percent on roast chicken. We took a gander around the Whole Foods in SOMA, San Francisco to capture a number of the price adjustments. Read More
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FTC greenlights Amazon and Whole Foods deal
The U.S. Federal Trade Commission is allowing Amazon to move forward in the process of purchasing Whole Foods. The $13.7 billion acquisition, which was announced in June, combines the e-commerce behemoth with a major grocery chain. The FTC has since been investigating whether the tie-up would decrease competition, ultimately deciding it needn’t pursue the matter further. Read More
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Match Group tried to acquire Bumble for $450 million
Match Group, the parent company of a variety of dating apps, offered to acquire Bumble for $450 million over the summer, according to sources close to the deal. A source close to the company suggests that Bumble is valued at over $1 billion. The sources independently confirm reporting from Forbes about the deal earlier this summer. Bumble reportedly has 18 million registered users, and has… Read More
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‘Airbnb for boats’ startup Boatsetter buys competitor Boatbound
You don’t have to be rich or T-Pain to be “on a boat.” You can rent one plus a captain for the day from Boatsetter. And now it’s got boats in more than 300 locations around the U.S. since it just acquired rival maritime marketplace Boatbound. Read More
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Google acquires AIMatter, maker of the Fabby computer vision app
Computer vision — the branch of artificial intelligence that lets computers “see” and process images like humans do (and, actually, often better than us), and then use those images to help run programs — is at the heart of how the next generation of tech is developing, and this week Google made an acquisition this week to help it along with its own efforts in this… Read More
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Microsoft acquires Cycle Computing
Microsoft today announced that it has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. The financial details of the deal were not disclosed. Read More
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Facebook buys computer vision startup focused on adding objects to video
Facebook has acquired a German company called Fayteq that builds software add-ons for video editing that can remove and add whole objects from captured video using computer vision. The acquisition was first reported by a German startup publication (via Variety) and confirmed to TechCrunch, and could be useful as Facebook pursues additional video filter creation technology, both for its… Read More
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WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts
Global co-working behemoth WeWork is best known for providing flexible office rentals to startups and other small businesses, but enterprise clients are becoming an increasingly large portion of its business. With that in mind, WeWork has acquired Israeli startup Unomy to help its team sell enterprise clients on the idea of opening offices in its workspaces around the world. Read More
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PayPal to acquire Swift Financial to bolster small business lending
Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More
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Lyft acquires two growth-focused startups to drive more sign-ups
Ride hailing company Lyft has acquired two companies focused on growth, including customer acquisition, retention, referral programs and more. The companies being acquired are YesGraph, whose team and talent will join Lyft, and DataScore, whose growth team is coming over to the ride share provider. The acquisitions are designed to help Lyft capitalize on its existing rapid pace of growth… Read More
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Tableau acquires ClearGraph, a startup that lets you analyze your data using natural language
Business intelligence and analytics firm Tableau today announced that it has acquired ClearGraph, a service that lets you query and visualize large amounts of business date through natural language queries. Tableau expects to integrate this technology with its own products as it looks to make it easier for its users to use similar queries to visualize their data. Read More
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