• Ludlow Ventures has closed its second fund with $45 million

    Ludlow Ventures has closed its second fund with $45 million

    Ludlow Ventures, a young, early-stage venture firm in Detroit, has closed its second venture fund with $45 million in capital commitments, founder and managing partner Jonathon Triest tells us. Ludlow’s team, which includes partner Brett deMarrais and associate Blake Robbins, was originally targeting $40 million; its investors, or limited partners, include four institutions, along… Read More

  • Uber now lets you request a ride for someone else

    Uber now lets you request a ride for someone else

    Uber is adding a new feature that lets you specify someone else in your phone’s contact book as the rider for the trip. It was always possible to hail a ride and specify another pickup point if you wanted to, but the new feature really streamlines the process, allows both rider and driver to contact one another directly and still makes sure the requester is the one who foots the… Read More

  • Microsoft looks to the cloud to make Windows 10 safer for enterprise users

    Microsoft looks to the cloud to make Windows 10 safer for enterprise users

    We already knew that the next version of Windows 10, the Fall Creators Update, will feature a large number of new tools for consumers. While it was always clear that business users would also get their fair share of updates, Microsoft remained pretty quiet about what those would look like. That’s changing this week, as the company today announced a number of new security features for… Read More

  • Drive.ai raises $50M for retrofit kits to bring self-driving to existing fleets

    Drive.ai raises $50M for retrofit kits to bring self-driving to existing fleets

    Self-driving technology startup Drive.ai has raised a $50 million Series B funding round, led by NEA and with participation from GGV and previous investors, including Series A lead Northern Light. The new funding will help the company pursue its evolved business strategy, which now focuses on creating retrofit kits that can be used to add self-driving capabilities to existing commercial… Read More

  • Visa takes a strategic stake in Klarna, the finance startup out of Sweden

    Visa takes a strategic stake in Klarna, the finance startup out of Sweden

    Klarna, the $2 billion+ startup out of Sweden that works with some 70,000 e-commerce sites to enable payments and provide flexible financing to make purchases, is adding one more key investor to help take its next steps into a wider range of services. Today it announced that credit card giant Visa is making an equity investment in the company, and as part of it, the two are forging a… Read More

  • Flip gets $2.2 million to grow its marketplace for long-term sublets

    Flip gets $2.2 million to grow its marketplace for long-term sublets

    For anyone who’s ever wanted to break a lease, but felt trapped by their contract, Flip has the service for you. The company, which allows users to sublet or get out of their lease, has just raised $2.2 million in new financing to grow its business and is looking to expand beyond its suite of offerings to renters in San Francisco, Los Angeles, and New York. Vila said Flip is… Read More

  • Rumors of the demise of augmented reality developers have been greatly exaggerated Crunch Network

    Rumors of the demise of augmented reality developers have been greatly exaggerated

    With the announcement of Apple’s ARKit, I’ve been bombarded with questions about what ARKit means for Augmented Reality (AR) developers, specifically ones building hard mobile AR technologies. We, along with our friends at Modsy, were even called out in a recent TechCrunch piece as being “Sherlocked” by Apple. So let me make it very clear up front what ARKit does to the… Read More

  • ChargePoint takes over GE charging stations

    ChargePoint takes over GE charging stations

    ChargePoint announced that it will become the exclusive operator of all of GE‘s electric charging stations, which means nearly 10,000 places to plug in will be transferred to the new company’s management. That total adds 1,800 commercial charging stations and 8,000 residential chargers to ChargePoint’s already huge network. Not that existing users will notice much difference… Read More

  • Sumo Logic lands $75 million Series F, on path to IPO

    Sumo Logic lands $75 million Series F, on path to IPO

    Sumo Logic, the cloud-based log analysis platform, announced a $75 million round today, as the seven year old company could be entering the home stretch before an IPO. While CEO Ramin Sayar was not ready or willing to commit to an IPO timeline, he did admit it was the next logical step for the company, and that the size of the investment gives him the capital to build toward that… Read More

  • Google fined $2.7BN for EU antitrust violations over shopping searches

    Google fined $2.7BN for EU antitrust violations over shopping searches

    The European Commission has fined Google a record-breaking €2.42 billion for antitrust violations pertaining to its Google’s Shopping search comparison service — in what is widely considered the most significant antitrust ruling in Europe since the 2004 Microsoft decision. Read More

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