• Cisco to buy Perspica and fold engineering team into AppDynamics

    Cisco to buy Perspica and fold engineering team into AppDynamics

    Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More

  • The canaries in a coal mine

    The canaries in a coal mine

    I’ve seen startups come and go over the years and I was particularly interested to see what happened to August Home today. The company originally tapped Yves Behar to make a better smart lock, one that would meld with the sensitivities of a certain kind of smart home stylist with the high-concept, high-tech design of the Nest thermostat. The products, while beautiful, were unusable in… Read More

  • Elon Musk’s Boring company readies its second, poetic tunnel digger

    Elon Musk’s Boring company readies its second, poetic tunnel digger

    The Boring Company, Elon Musk’s third or fourth company (who can keep track) is nearly ready to double its tunnel digging capacity: The venture’s second boring machine is “almost ready” according to Musk, and it’ll be named ‘Line-Storm,’ borrowing its name from a poem by Robert Frost. Maybe this is what Steve Jobs really always meant when he talked… Read More

  • Feather raises $3.5M to rent furniture to millennials

    Feather raises $3.5M to rent furniture to millennials

    The furniture rental industry is stuck in the last. Current options involve old-school companies like CORT where most of the inventory will make your apartment look like a dorm room, or a place like Rent-A-Center where you’ll almost certainly pay many times what the item is actually worth. Enter Feather, a company trying to breathe some life into the aging industry by letting… Read More

  • Swedish lock giant Assa Abloy acquires smart lock maker August Home

    Swedish lock giant Assa Abloy acquires smart lock maker August Home

    The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More

  • London-based on-demand delivery startup Jinn shutters

    London-based on-demand delivery startup Jinn shutters

    Jinn, the London-based startup that offers a same-hour ‘shop on your behalf’ delivery app that operates quite similarly to Postmates in the U.S., has shut down, with the company in the process of going into administration. Read More

  • Hiya, a Whitepages spinout, nabs $18M for its smart caller ID technology

    Hiya, a Whitepages spinout, nabs $18M for its smart caller ID technology

    Hiya came to life a year ago when it was spun out by Whitepages to take on TrueCaller and others in the world of smart caller ID services. Using machine learning analytics on a vast database of calling data (3.5 billion calls to date), Seattle-based Hiya’s mission has been to supercharge the humble phone call — by providing detailed information about who is calling you, whether… Read More

  • European house removals platform Movinga raises up to another €22M

    European house removals platform Movinga raises up to another €22M

    Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More

  • Safaricom launches innovation center to move beyond M-Pesa Crunch Network

    Safaricom launches innovation center to move beyond M-Pesa

    Safaricom, Kenya’s largest telecom company and provider of the nation’s mobile money service, M-Pesa, has launched a new innovation center in Nairobi. Named Safaricom Alpha, a priority of the incubator is to identify spending patterns on mPesa and turn those insights into additional Safaricom products — according to Chief Innovation Officer, Kamal… Read More

  • Tony Fadell’s newest product? An investing and advisory firm called Future Shape

    Tony Fadell’s newest product? An investing and advisory firm called Future Shape

    Tony Fadell is starting yet a new chapter. Fifteen months after leaving Nest Labs, a maker of digital thermostats and smoke detectors that Fadell cofounded and sold to Google for $3.2 billion in 2014, Fadell is taking the wraps off a new investment and advisory firm that’s working with engineers and scientists called Future Shape. The firm’s site, which appears to have gone live… Read More

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