business

  • Everyone got into the tech M&A game in 2016

    Everyone got into the tech M&A game in 2016

    Neither public markets nor tech giants offered any solace in 2016 for the ever-growing list of private unicorns. There are 180 tech companies circling the runway with valuations over $1 billion, the most in history. While interest in an all-expenses paid trip to the NYSE valuation guillotine was at an all-time low, non-traditional Fortune 500 companies did pluck a lucky few from the skies at… Read More

  • The U.S. Navy is using drone boat swarms to keep harbors safe

    The U.S. Navy is using drone boat swarms to keep harbors safe

    The U.S. Navy is testing a team of drone boats to protect harbors here and abroad. The boats, which are basically autonomous versions of the Rigid Hull Inflatable, are connected to a AI routing system called CARACaS. In original 2014 tests the boats worked separately to protect ships in a harbor and the new routing system now allows them to swarm as a team to surround and neutralize… Read More

  • Tim Cook explains to Apple employees why he met with President-elect Trump

    Tim Cook explains to Apple employees why he met with President-elect Trump

    In a series of answers to questions posted on Apple’s internal employee info service Apple Web today, CEO Tim Cook commented to employees on some hot-button topics. One of those was why he met with President-elect Trump. Read More

  • Microsoft’s plan to use machine learning to improve eyecare in India

    Microsoft’s plan to use machine learning to improve eyecare in India

    Competition that results in better care for people suffering from visual impairments is the right kind of competition. Following a path similar to that of Google’s DeepMind, Microsoft India announced this morning that it’s launching a new research group, the Microsoft Intelligent Network for Eyecare, to bring data-driven eyecare services to India. Whereas DeepMind’s… Read More

  • Airbnb authorizes $153 million more funding

    Airbnb authorizes $153 million more funding

    A new Delaware filing for Airbnb, identified by CB Insights, suggests that the travel service has authorized another $153 million in Series F shares. This implies that they might be raising an extension to their financing $555 million round from a few months back. The filing prices the shares at $105, consistent with the latest round, which was said to be about a $30 billion valuation. Uber is… Read More

  • The 12 largest Series B rounds of 2016

    Let’s face it, if you’re an investor, you were probably priced out of these insanely large rounds. If you’re a founder, you’re swooning at the mere prospect of making such a statement. But no matter who you are, a lot can be gleaned from analyzing investment trends. Looking at B rounds provides a nice balance between the somewhat predictable success stories of… Read More

  • Eaze CEO steps down

    Eaze CEO steps down

    Keith McCarty, founder of the well-funded pot delivery startup Eaze, is stepping down from his position as CEO. Instead, the startup’s chief product and technology officer Jim Patterson will take on the role and McCarty will remain on the board of directors “as a strategic advisor on company growth,” says a blog post on the site announcing the change of roles. McCarty… Read More

  • Trump hails Uber’s Kalanick and rockets SpaceX’s Musk to positions on Strategic and Policy Forum

    Trump hails Uber’s Kalanick and rockets SpaceX’s Musk to positions on Strategic and Policy Forum

    President-elect Donald J. Trump’s Strategic and Policy Forum has picked up two of the highest-flying and hardest-driving executives in the tech industry with the addition of Uber Technologies’ Travis Kalanick and SpaceX’s Elon Musk. Announced today, the two appointees join a board headed by private equity titan Stephen Schwarzman, who heads the multi-billion-dollar private… Read More

  • Suiteness raises $5M to expand their hotel suite booking platform

    Suiteness raises $5M to expand their hotel suite booking platform

    Suiteness, a YC company that makes it easy to book hotel suites for groups, has raised $5M in Series A funding. The round was led by Bullpen Capital & Global Founders Capital, with participation from HVF (Max Levchin’s personal fund), YC’s Continuity Fund, Kima Ventures and Altair Capital. The company will use this capital to continue its expansion, and has announced 10 new… Read More