Eero acquihires smart home management startup Thington

Mesh WiFi router company Eero wants to provide an easy way for consumers to connect and connect with all the smart devices in their home. As it looks to build more intelligence around how those devices interact, the company has acquihired the team behind smart home management app Thington. Launched in 2015, Thington was founded by Dopplr founder… Continue reading Eero acquihires smart home management startup Thington

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Expedia invests $350M in Traveloka to create Southeast Asia’s newest unicorn

Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia. A source close to the deal confirmed that the investment values Tokopedia at more than $1 billion. That means the startup has joined the likes of Grab, Sea (formerly Garena), Go-Jek and… Continue reading Expedia invests $350M in Traveloka to create Southeast Asia’s newest unicorn

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Xiaomi secures $1B loan to expand its international presence and offline retail footprint

Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint… Continue reading Xiaomi secures $1B loan to expand its international presence and offline retail footprint

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Mattress startup Purple merges with NY shell company in $1.1 billion deal

Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peak at operations at the company’s headquarters in the small town of Alpine,… Continue reading Mattress startup Purple merges with NY shell company in $1.1 billion deal

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It looks like Amazon would be losing a lot of money if not for AWS

Amazon reported its second-quarter earnings today, and it was a bit of a whiff — and a bummer for Jeff Bezos, who is now no longer the Solar System’s richest human and has been relegated to the unfortunate position of second-richest human. The company’s earnings came in lighter than Wall Street expected. But Amazon’s cloud… Continue reading It looks like Amazon would be losing a lot of money if not for AWS

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Callsign pulls in $35M Series A for its adaptive authentication platform

London-based Callsign has closed a $35 million Series A, led by Accel and early stage investor PTB Ventures, for an authentication platform which uses deep learning technology to power adaptive access control for enterprises — saying it can verify a person is who they say they are just from a swipe on a touchscreen. Other investors… Continue reading Callsign pulls in $35M Series A for its adaptive authentication platform

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Flipkart is all set to buy rival Snapdeal in major Indian e-commerce consolidation

The long running saga over the future of Indian e-commerce firm Snapdeal may be close to a conclusion at last. The company has been repeatedly link with an acquisition by rival Flipkart, and now a deal worth a touch under $1 billion has been agreed to in principle. That’s according to a report from Reuters… Continue reading Flipkart is all set to buy rival Snapdeal in major Indian e-commerce consolidation

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Brolly, an ‘AI-driven’ insurance app, raises £1M seed round led by Valar Ventures and Pi Labs

Brolly, a U.K. ‘insurtech’ startup that offers an app to help you manage and purchase various insurance products, has raised £1 million in seed funding. Valar Ventures, the U.S.-based venture fund backed by Peter Thiel, led the round, with Pi Labs co-leading. Entrepreneur First (EF) also participated via the company builder’s £40 million “Next Stage… Continue reading Brolly, an ‘AI-driven’ insurance app, raises £1M seed round led by Valar Ventures and Pi Labs

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WeWork launches dedicated China business backed by $500M from investors

WeWork is making a big move to win the co-working market in China after it announced the creation of a standalone WeWork China business, backed by $500 million from existing backers SoftBank and Hony Capital. It isn’t clear whether this fresh influx of capital is tied to a recent $760 million financing round that closed earlier this… Continue reading WeWork launches dedicated China business backed by $500M from investors

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Slack is raising a $250 million round at $5 billion valuation

Enterprise messaging service Slack is raising a $250 million round at a $5 billion valuation, TechCrunch has confirmed. We’re hearing that SoftBank, Accel Partners and other existing investors participated. The $250 million financing amount was reported by Bloomberg. Axios first had the names of the lead investors. Recode originally reported on a $500 million round… Continue reading Slack is raising a $250 million round at $5 billion valuation

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