Month: May 2020

Earlier today, DigitalOcean announced that it raised $50 million more from prior investors Access Industries and Andreessen Horowitz. The capital comes after the SMB and developer-focused cloud infrastructure company raised nine-figures worth of debt back in February. DigitalOcean is a large private company that generated revenue at a run rate of around $250 million towards
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Just weeks after announcing a deal to acquire 5G specialist Affirmed Networks, Microsoft is making another acquisition to strengthen its cloud-based telecoms offering. It’s acquiring Metaswitch Networks, a UK-based provider of cloud-based communications products used by carriers and network providers (customers include the likes of BT in the UK, Sprint, and virtual network consortium RINA.
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San Mateo-based startup Xona Space Systems has raised a $1 million “pre-seed” round led by 1517, and including participation from Seraphim Capital, Trucks Venture Capital and Stellar Solutions. The company is focused on developing a Positioning, Navigation and Timing (PNT) satellite service that it believes can supersede Global Navigation Satellite Systems (GNSS), providing big benefits
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GoodWork, a Philippines-based booking platform for home services, has raised a $1.6 million seed round it will use to expand into new Southeast Asian markets. The funding was led by Chaac Ventures, a firm that backs Princeton alumni (GoodWork co-founder and CEO Andrew Koger earned his bachelor of arts at the university), and includes participation
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Anyfin, the Stockholm-based startup that enables consumers to refinance their existing loans, has raised $30 million in funding. Leading the Series B round is EQT Ventures, with participation from existing investors Accel, Northzone and Rocket Internet’s Global Founders Capital (GFC). Anyfin says it will use the investment to “drive product innovation”, launch additional offerings and
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Facebook’s Avatars feature, which lets you customize a virtual lookalike of yourself for use as stickers in comments and Messenger chats, is today launching in the U.S. Essentially Facebook’s version of Snap’s Bitmoji, Avatars were first introduced last year and have been since made available in Australia, New Zealand, Europe, and Canada. Based on early feedback,
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Jonathan Greechan Contributor Jonathan Greechan is co-founder of the world’s largest pre-seed accelerator, Founder Institute, has run over 100 webinars including 100,000+ live attendees, and is one of Meetup’s most active organizers. Around the world, the COVID-19 pandemic is disrupting calendars — along with travel budgets and marketing plans — by canceling events ranging to
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Having a holistic picture of your health might not mean just wearing a device like an Apple Watch that can monitor your biometrics – researchers at MIT’s Computer Science and Artificial Intelligence Lab (CSAIL) have developed a new system that can figure out when and where in-home appliances like hair dryers, stoves, microwaves and washing
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Key Pixel team members Marc Levoy and Mario Queiroz are out at Google. The departures, first reported by The Information, have been confirmed on the pages of the former Distinguished Engineer and Pixel General Manager, respectively. Both members were key players on Google’s smartphone hardware team before exiting earlier this year. Levoy was a key
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London-based femtech hardware startup Astinno has picked up an Innovate UK grant worth £360k ($450k) to fund further testing of a wearable it’s developing for women experiencing a perimenopause symptom known as hot flushes. The sensor-packed device, which it’s calling Grace, is being designed to detect the onset of a hot flush and apply cooling
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