Tag: Enterprise

Mobile

Uber rivals smell blood and raise $1.7 billion in fresh funds

ANALYSIS: Lyft, Uber’s main rival in its domestic U.S. market, announced a gargantuan $1 billion funding round yesterday, led by Alphabet’s CapitalG. This takes Lyft’s total funding to more than $3.5 billion. Today, Uber’s dominant Southeast Asian counterpart, Grab, announced a fresh $700 million cash injection (in debt financing), taking the Singaporean company’s total funding past the…

Mobile

Google opens AVA dataset to help machines identify human actions in videos

Computer vision is emerging as a major boon for tech companies looking to bring machines up to speed and perform tasks hitherto only achievable by humans. In the past few months alone, eBay has revealed big plans to roll out a new search feature that lets you use existing photos to find similar items, while…

Mobile

SoftBank’s massive investments are stalling tech IPOs

(Reuters) — Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year. These deep-pocketed financiers, which have traditionally invested in the public markets but are seeking better returns from private tech companies,…

Mobile

Apple’s enterprise strategy begins to take shape

 When Apple announced its partnership with GE this week, it would have been easy to dismiss it as another random collaboration from a company people don’t generally associate with the enterprise. After all, Apple killed off their enterprise server product years ago. You might rightly ask, what exactly do they have to do with the…

Tech

Data is the name of the game, as Intel Capital puts $60M in 15 startups, $566M in 2017 overall

Intel Capital, the investment arm of the processor giant, is today announcing its latest tranche of investments, a total of nearly $60 million going in to 15 startups that are working on solving different problems in the bigger area of big data (with a full rundown below). The investments come on the back of a…

Tech

MongoDB shares pop 25% in its public market debut

 MongoDB made its public debut with a bang, with jumping more than 25%, today after spending the past several days revising up its expectations throughout the IPO process — which seems to have landed on the right spot. The company provides open-source technology that can be attractive for early-stage startups that want to get off…

Tech

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…