• 28
    May

    Video news startup Stringr raises $5.75M from Thomson Reuters and others

    Stringr, a video-focused startup that says it can help news organizations adapt to the challenges of COVID-19, is announcing that it’s raised $5.75 million in new funding. When I wrote about the the company at the end of 2015, it was creating a marketplace that connected news organizations with videographers who could provide them with news footage. Since then, co-founder and CEO ...
  • 27
    May

    Coinbase to acquire Tagomi to improve institutional trading offering

    Cryptocurrency exchange company Coinbase has announced plans to acquire Tagomi, an advanced cryptocurrency brokerage platform specifically targeted at professionals and institutional investors. Terms of the deal are undisclosed and the acquisition is still pending regulatory approval. While Coinbase is a well-known name for retail investors who are just getting started in the cryptocurrency space and want to buy some bitcoins, the company has been ...
  • 19
    May

    Arculus raises €16M to upgrade assembly lines with its ‘modular production platform’

    Arculus, the Ingolstadt, Germany-based startup that has developed a “modular production platform” to bring assembly lines into the 21st century, has raised €16 million in Series A investment. Leading the round is European venture firm Atomico, with participation from Visionaries Club and previous investor La Famiglia. Arculus says it will use the injection of capital to “strengthen product development, broaden ...
  • 18
    May

    Jack Ma to resign from SoftBank Group’s board of directors

    SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of SoftBank Group’s annual shareholder meeting. The company did not give a reason for the resignation, but over the past year, Ma has been pulling back from ...
  • 18
    May

    Huawei admits uncertainty following new US chip curbs

    Following the U.S. government’s announcement that would further thwart Huawei’s chip-making capability, the Chinese telecoms equipment giant condemned the new ruling for being “arbitrary and pernicious.” “Huawei categorically opposes the amendments made by the U.S. Department of Commerce  to its foreign direct product rule that target Huawei specifically,” said Huawei Monday at its annual analyst summit in Shenzhen. The new curbs, which dropped on Friday, ...
  • 15
    May

    Facebook to acquire Giphy in a deal reportedly worth $400 million

    Facebook will acquire Giphy, the web-based animated gif search engine and platform provider, Facebook confirmed today, in a deal worth around $400 million, according to a report by Axios. Facebook said it isn’t disclosing terms of the deal. Giphy has grown to be a central source for shareable, high-engagement content, and its animated response gifs are available across Facebook’s platforms, as ...
  • 15
    May

    Amazon Prime Video to globally premiere 7 Indian movies as theaters remain closed

    Amazon  has secured rights to premiere seven Indian movies that were initially scheduled for a theatrical release directly on its Prime Video  on-demand streaming service in a move that has prompted two major movie theater chains to express “extreme displeasure” and “disappointment.” The e-commerce giant, which is reportedly in talks to buy AMC theater chain, said on Friday that it will release these movies, which include “Gulabo ...
  • 12
    May

    Dolby launches Dolby.io, its new self-service developer platform

    Dolby Laboratories, the San Francisco-based company best known for its various audio and video processing tools, today announced the launch of Dolby.io, its first self-service platform for software developers who want to bring some of Dolby’s capabilities to their own applications. Currently, Dolby.io’s lineup includes two sets of APIs, one for quickly analyzing and improving the sound of an existing audio ...
  • 11
    May

    India’s logistics aggregator Shiprocket raises $13M to expand overseas

    Shiprocket, a New Delhi-based logistics aggregator that works with direct-to-consumer sellers including several social media influencers, has raised $13 million in a new financing round as it looks to expand its platform overseas. Silicon Valley-based investment firm Tribe Capital  led Shiprocket’s Series C financing round. Innoven Capital and existing investor Bertelsmann India Investments also participated in the round, which brings the three ...
  • 4
    May

    Silver Lake to invest $747M in India’s Jio Platforms

    Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation ...