Tag: Entrepreneur

Tech

B2B data platform ZoomInfo was acquired by private equity firm Great Hill Partners for $240 million

ZoomInfo , the subscription-based B2B platform that sells access to company data such as contact details, employment history, and other background information, was acquired earlier this week by Boston-based private equity firm Great Hill Partners. But the company didn’t reveal how much it was acquired for — until now. A ZoomInfo spokesperson has confirmed to…

Tech

HMD Global is preinstalling surveys on Nokia phones

OPINION: If there’s one thing consumers don’t like, it’s being spammed with calls, instant messages, and texts involving promotions and other forms of marketing chicanery — especially when they haven’t given consent. What may be even more annoying, however, is turning on your phone to find a survey has been baked directly into the software….

Cloud

Robotic digitization startup Ripcord raises $40 million to make paperless offices a reality

Ripcord , a startup that’s using robotics, machine vision, and artificial intelligence to create what it calls the “truly paperless workplace,” has raised $40 million in a series B round of funding led by Icon Ventures, with participation from Kleiner Perkins, Lux Capital, and Silicon Valley Bank. The funds constitute $25 million in equity financing and $15…

Tech

St. Paul’s 3-step plan to become a better place for tech

I have been fortunate over the past several months to serve on the Saint Paul Innovation Cabinet , brought together by Mayor Chris Coleman and Council Member Chris Tolbert with other leaders from the technology, innovation, economic development, real estate, and workforce development sectors. Our work has been focused on accelerating innovation sector jobs in St….

Cloud

Alibaba beats analysts estimates with Q1 revenue growth of 56%

(Reuters) — Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba Group Holding, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion…

Tech

Cisco shares drop as security business revenue misses estimates

(Reuters) — Cisco’s quarterly revenue in its closely-watched security business missed analysts’ estimates, raising concerns about the world’s largest networking gear maker’s efforts to transform into a software-focused company. The company’s shares fell about 2.5 percent in after-hours trading on Wednesday. With its traditional business of making switches and routers struggling, Cisco, like other legacy…

Tech

Roxi music: Electric Jukebox takes on Spotify with a $200 streaming box aimed at families

A hardware-based music-streaming service that only works through your TV? That’s exactly what Electric Jukebox brought to market in the U.K. last year . And now, it’s coming to the U.S. too. Backed by big names such as Robbie Williams, Sheryl Crow, Alesha Dixon, and Stephen Fry, the original Electric Jukebox was met with derision…

Tech

Heartland Tech Weekly: Anxiety about robots is real

Yesterday, I reported that the rust belt may be turning into the robot belt , as new data from the Brookings Institution indicates that companies in the Midwest and upper South are employing the most industrial robots. But even without this new data from Brookings, it’s become clear that companies can’t open a new factory in…

Tech

Future Mobility raises $200 million for electric car development

(Reuters) — Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has raised $200 million from investors including China’s Suning and Fullshare Holdings in its latest round of financing. Most of the money will be used for product development, said Daniel Kirchert, Future Mobility’s president. He has previously worked at…