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Roughly two years after emerging on the scene as a new Bay Area accelerator, NFX Guild, an outfit run by several seasoned founders, has raised $150 million for a full-fledged venture fund. It’s quite a ways from the $10 million that NFX used to get started, but as is often the case with these things, the firm’s ambitions have grown with time. Read More
Source: Tech Crunch
InstaCarro, a Brazilian-based marketplace for buying and selling used cars, has raised a whopping $22 million in its first institutional round of venture financing. One of the largest early-stage investments for a Brazilian startup, the new financing will be used for product development and international expansion. Read More
Source: Tech Crunch
Apparently, Google made good on its promise to fix its awful hamburger emoji, in the wake of an online debacle last month. In case you missed it, when a tweet about the problem with the emoji went viral – the cheese in Google’s burger emoji is under the bun! The horror! – Google CEO Sundar Pichai replied he would “drop everything” to address this issue. According… Read More
Source: Tech Crunch
The last time U2 offered up an album exclusive, things didn’t go great. Apple reportedly paid $100 million for exclusive rights to Songs of Innocence, the Irish arena rock band’s first record in half a decade — and irritated countless iTunes users in the process by forcing it onto their iPhones and iPads. Probably no surprise, then, that the two seem to have parted ways.… Read More
Source: Tech Crunch
Apple hasn’t shared any exact number, but Rosenblatt Securities analyst Jun Zhang calculated that Apple may have sold as many as 6 million iPhone X units this weekend alone, StreetInsider reported. With such a big number, it’s hard to grasp Apple’s success with the iPhone X. Last quarter, Apple sold 39.3 million iPhones when you combine all iPhone models. In other words,… Read More
Source: Tech Crunch
Google confirms it has now addressed an issue that caused the YouTube app to drain the battery excessively when running on iOS devices, even when the app was idle in the background. In some cases, users reported the device would even become heated as a result of the problem, but not everyone experienced this issue. It’s unclear to what extent the issue affected the combined iOS and… Read More
Source: Tech Crunch
As Verizon’s digital media business Oath rolls on with its merging of Yahoo and Aol (which includes TechCrunch), today comes news of a significant departure. David Karp, who founded and led the Tumblr business, is leaving by the end of the year to be replaced by the social media site’s president and COO, Jeff D’Onofrio. The news was making the rounds on Twitter, and we… Read More
Source: Tech Crunch
Private equity giant Thoma Bravo has agreed today to buy Barracuda Networks in a take-private deal that’s valued at $1.6 billion. The company was offered $27.55 per share, about 16% above Friday’s close.
Though above Barracuda’s 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. Barracuda went public in 2013.
Campbell… Read More
Source: Tech Crunch
Google announced today it’s expanding the focus of its Google Trends service – the site that lets anyone track what the world’s web searchers are looking for in both real time and non-real time. The service now includes data from more Google products beyond web search, the company says, with the addition of search data from verticals like Google News, Shopping, Images and… Read More
Source: Tech Crunch
Reliam, a company that provides managed services for businesses that want somebody else to manage their public cloud deployments on platforms like AWS and Microsoft Azure, today announced that it has raised a $17 million funding round from Boston’s Great Hill Partners. Reliam says that Great Hill has reserved a full $75 million to fund additional acquisitions and growth. In the… Read More
Source: Tech Crunch