THE BUSINESS OF TECHNOLOGY
With their new smart-enabled scooters and sleek vehicle designs, Japanese company Terra Motors delivers Jetson’s-level transit tech that’s as elegant as it is efficient. And as high fuel costs and environmental concerns plague Asia’s drivers, Terra’s making clean energy the smart choice––and the cool one. “We need...beautiful design to change … [Read more...]
Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its pockets with capital from Verlinvest and previous-round investors Summit Partners and Kinnevik earlier this week. With $46 … [Read more...]
Despite reports that between 1 in 4 and 1 in 5 Americans (depending on who you ask and when) suffers from mental illness, barriers to care keep many from receiving it. With 2009 startup Breakthrough, CEO Mark Goldenson looks to tear down walls keeping those from the treatment they need––and he’s just received a substantial leg up. Series A … [Read more...]
Coursera, the online education startup, has raised a $43 million round to further propel its burgeoning growth as it takes its platform international and multi-lingual. The Series B round was led by GSV Capital Corp. (GSVC), Learn Capital, Laureate Education Inc. and International Finance Corp., the investment arm of the World Bank, with … [Read more...]
Big data is the next revolution in business, and Scality strives to turn the industry on its head through a low pricing model that uses multiple distribution points for an easily scalable system that never needs to go offline to evolve. The company offers reliable and backed up storage for roughly 2 cents GB/per month, less than half the cost of … [Read more...]
KakaoTalk, a 3-year-and-change-old Korean messaging app, has eclipsed Facebook’s popularity in South Korea and Japan. The company leverages its simple, all-under-one-roof social media infrastructure and immersive, visual communication strategy––enhanced by digital content like custom themes and emoticons––to hook users. KakaoTalk has made great … [Read more...]
Following rival video ad platform Tremor’s IPO last week, YuMe filed its S-I paperwork for a $65 million IPO. The company provides a digital video advertising platform that targets online video to the most relevant audiences based on individual user demographics. Every ad campaign is analyzed for data to develop strategies to perfect that … [Read more...]
By Matt Gallagher, Red Herring Though many in the online food delivery space find themselves stuck in the rush hour of tech, Delivery Hero landed a decent funding round recently from the investor of an online food ordering rival. The $30 million Series D was led by Phenomen Ventures, a new Russian VC firm that also invested in Delivery Hero’s … [Read more...]
by Matt Gallagher, Red Herring Journalist Though their messages may self-destruct in 10 seconds, Snapchat’s potential at monetizing its massive user base that has eclipsed the likes of Instagram and Vine is far from a mission impossible. At least that’s what Institutional Venture Partners are betting after leading a $60 million Series B round that … [Read more...]
Fab has come a long way since its original debut back in 2010 as Fabulis.com, a gay social network. The company evolved from a social meet up place into a flash-sales pipeline, and has since morphed into an entity offering its own products with plans to soon open a physical design store of its own. Based in New York City, the company has … [Read more...]