Social

Twitter stock soars as World Cup boosts user figures

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Twitter’s stock soared after the company posted better than expected earnings and user growth in its quarterly report. Shares in the social media company jumped as much as 35% in after-hours trading on Tuesday, following the most impressive quarterly earnings report since Twitter went public. The San Francisco-based company now boasts 271 … [Read more...]

Sensoria raises $5m Series A – Investment Round Up

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Seed Open-source machine learning startup PredictionIO has raised $2.5 million in seed funding in a round led by Quest Venture Partners. Azure Capital Partners, CrunchFund, the StartX Fund and Kima Ventures all participated in the round. Prediction IO was founded last year and has created an open-source program which allows developers to add … [Read more...]

Secret secures $25m Series B – Investment Round Up

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Series B Anonymous sharing app Secret has raised $25 million in Series B funding. Index Ventures, Redpoint Ventures, Gary Tan and Alexis Ohanian, SV Angel, Fuel Capital and Ceyuan Ventures all participated in the round. The San Francisco-based company has already raised over $36 million since it was founded last year. Secret also announced new … [Read more...]

Southeast Asia set for e-commerce boom

E-Commerce

Southeast Asia is the next big market for online shopping according to a recent study by UBS, which warns of the threat to established retailers posed by e-commerce firms. Physical barriers such as poor transport logistics infrastructure still hinder virtual shopping in the ASEAN group of countries, but as online retailers like China's Alibaba … [Read more...]

Startups face age-old battle to enforce change in established industries

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In 19th century England, during the Industrial Revolution, a group of textile artisans labelled Luddites protested against new technology in their industry by smashing the new machines to pieces. This led to bloodshed, economic and social unrest and rioting, all because technology threatened to take away the livelihoods of a large part of the … [Read more...]

5 Takeaways from the Google I/O Developer Conference

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Google’s I/O Developer Conference, held this week in San Francisco, featured a number of new product launches, including Android TV, Android Wear, Android Auto and a new smartphone and tablet operating system. But as Google continues to grow, the event has also evolved to be more than just a stage for unveiling its newest technologies. Below are … [Read more...]

Handybook secures $30m – Investment Round Up

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Series A Light has raised $9.7 million in Series A to help it realize a “mission to reimagine the art and science of photography.” The Palo Alto-based startup was co-founded by Dave Grannan, whose previous company, Vlingo, made natural speech recognition technology for the first Siri app. Bessemer Venture Partners and Charles River Ventures … [Read more...]

Apple, Microsoft and Google set for battle to control consumers’ homes

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The news that Apple is set to unveil a software platform to control the objects inside our homes reflects a push by technology companies to completely integrate their products into our everyday lives. If recent media reports are correct, then Apple will announce its new system at next week’s World Wide Developer conference in San Francisco. In … [Read more...]

Doximity secures $54m funding – Investment Round Up

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Series A New York 3D printing venture SOLS has gained $6.4 million in Series A investment, according to reports. Lux Capital led the round, which included contributions from Founders Fund, RRE, Felicis Ventures, Rothenberg Ventures, FundersGuild and Grape Arbor VC. The company had previously secured $1.75 million in VC funding. Series C San … [Read more...]

Airbnb raises $450m mega round – Investment Round Up

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Series A China’s Baoku, which delivers travel and expense management services, has raised $10 million in Series A funding, say reports. China Broadband Capital and Asiainfo-Linkage provided the investment. The company confirmed the news via Weibo. Series B New York-based Birchbox, which delivers consumers beauty, grooming and lifestyle items, … [Read more...]