uber Uber Nears $400 Million Deal to Sell Indian Food Delivery to Zomato Uber is in advanced talks to sell its struggling Uber Eats business in India to local competitor Zomato for roughly $400 million. The proposed deal includes an additional Uber investment that gives the ride-hailing giant a sizable stake in Zomato.
startups SoftBank Missteps and CEO Exits Define 2019 Startup Landscape A look back at 2019 reveals a turbulent year for startups, marked by high-profile executive departures, struggling unicorn IPOs, and massive missteps from SoftBank.
autonomous vehicles Autonomous Transit Startup Bluespace.ai Raises $3.5 Million Seed Round Bluespace.ai secures $3.5 million in seed funding to develop autonomous driving software specifically for full-size mass transit vehicles. The startup aims to safely operate buses at regular road speeds without requiring millions of test miles.
datarobot DataRobot Acquires Paxata to Expand Automated Machine Learning Platform DataRobot is purchasing data prep startup Paxata to fill a gap in its automated machine learning workflow. The acquisition combines model building with data preparation to help customers move faster from raw data to valuable insights.
ai Arcona Music Leverages Machine Learning for Infinite Adaptive Soundtracks Arcona Music showcases a new machine learning service that generates infinite, real-time soundtracks based on user-defined styles and emotions. The bootstrapped startup initially targets rhythm gaming but envisions future integration with augmented reality and GPS.
nio Electric Vehicle Startup Nio Cuts 141 Jobs at San Jose Headquarters Nio lays off 141 employees at its North American headquarters as part of ongoing cost-cutting measures following a difficult year of losses and vehicle recalls.
docker Docker Secures $35M Investment and Names New CEO After Enterprise Sale Docker receives a $35 million lifeline from existing investors and appoints Scott Johnston as its third CEO this year. These changes follow the recent sale of its enterprise business to Mirantis.
alpaca Alpaca Raises $6 Million to Let Developers Build Their Own Stock Trading Apps Fintech startup Alpaca provides a free API that handles banking and regulatory hurdles so developers can easily build their own stock trading platforms. The company earns revenue through payment for order flow and interest, surpassing $1 billion in transactions within its first year.
ghost locomotion Ghost Locomotion Secures $63.7M for Aftermarket Highway Autonomy Kit Ghost Locomotion reveals a new aftermarket kit designed to enable private passenger vehicles to drive autonomously on highways. The startup aims to deliver this technology by 2020 at a price lower than Tesla's Full Self-Driving package.
uber Uber Launches Uber Money Team Amid Fintech Investment Boom Uber introduces its new Uber Money team to develop financial products for drivers, signaling larger fintech ambitions as venture capital pours billions into the sector.
tines Dublin Cybersecurity Startup Tines Raises $4.1 Million to Automate Security Tasks Tines, a startup that automates repetitive manual tasks for cybersecurity analysts, secures $4.1 million in Series A funding led by Blossom Capital. The platform uses six simple software agents to build complex automated security workflows.
ar AR and VR Startup Valuations Hit $45 Billion Amid Market Transition Global AR and VR startup valuations reach $45 billion, with a small group of companies holding half of that value. Core technology businesses lead the market by avoiding sector-specific risks.
edge computing Edge Computing Startup Pensando Raises $145M, Takes on AWS Nitro Founded by former Cisco engineers, Pensando emerges from stealth mode with $278 million in total funding to challenge Amazon Web Services Nitro. The startup claims its edge computing platform performs up to nine times better than its biggest rival.
techcrunch Render Wins TechCrunch Disrupt SF 2019 Startup Battlefield Render takes home the $100,000 prize and the Disrupt Cup after competing against twenty hand-picked startups. The cloud platform startup beats out four other finalists, including runner-up OmniVis.
wework WeWork Co-Founder Neumann Considers Selling Properties to Settle Massive Loan Former WeWork CEO Adam Neumann faces a financial crunch as he works with major banks to restructure a $500 million personal loan. With the company's IPO canceled, he may have to use his extensive real estate portfolio as collateral.