thetechie.de
thetechie.de
CRITIC
img-contested
N/A
0 reviews
PUBLIC
img-contested
N/A
0 reviews
RECENT ARTICLES
NO RATING
Alexis Ohanian Eyes New Fund

Alexis Ohanian Eyes New Fund

ShareShareCloud Paper, a Seattle-based startup whose core product is toilet paper made from bamboo, has raised $3 million in seed funding from a host of investors led by venture capital firm Greycroft. Along with Greycroft, investors who participated in the seed round include; Salesforce founder Marc Benioff, entrepreneur Mark Cuban, Uber CEO Dara Khosrowshahi, music star Ciara, Code.org CEO Hadi Partovi, movie stars Robert Downey Jr and Gwyneth Paltrow, Riot Games founder Marc Merill, and NFL Quarterback Russell Wilson. Cloud Paper says it'll use the new funding to further its business and...

thetechie.de
15h ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Airbus Debuts Zero-Carbon Plane Concepts

Airbus Debuts Zero-Carbon Plane Concepts

ShareSharePopular electronic music duo The Chainsmokers, consisting of band members Alexander Pall and Andrew Taggart, have secured $35 million in capital commitments for their debut venture capital fund named Mantis. Among investors who committed to the new fund include luminary venture capitalists Ron Conway, Keith Rabois, and Mark Cuban as well as private equity billionaire James Coulter. The Chainsmokers share management of the venture capital fund with two day-to-day general partners by the name of Milan Koch, an investor who previously worked at seed-stage fund Base Ventures, and...

thetechie.de
5d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Sequoia Scores Big From IPOs

Sequoia Scores Big From IPOs

ShareSharePopular electronic music duo The Chainsmokers, consisting of band members Alexander Pall and Andrew Taggart, have secured $35 million in capital commitments for their debut venture capital fund named Mantis. Among investors who committed to the new fund include luminary venture capitalists Ron Conway, Keith Rabois, and Mark Cuban as well as private equity billionaire James Coulter. The Chainsmokers share management of the venture capital fund with two day-to-day general partners by the name of Milan Koch, an investor who previously worked at seed-stage fund Base Ventures, and...

thetechie.de
6d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Social Capital Eyes $2 Billion SPACs

Social Capital Eyes $2 Billion SPACs

ShareSharePopular electronic music duo The Chainsmokers, consisting of band members Alexander Pall and Andrew Taggart, have secured $35 million in capital commitments for their debut venture capital fund named Mantis. Among investors who committed to the new fund include luminary venture capitalists Ron Conway, Keith Rabois, and Mark Cuban as well as private equity billionaire James Coulter. The Chainsmokers share management of the venture capital fund with two day-to-day general partners by the name of Milan Koch, an investor who previously worked at seed-stage fund Base Ventures, and...

thetechie.de
7d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Tech Laureates, Execs Endorse Biden

Tech Laureates, Execs Endorse Biden

ShareSharePopular electronic music duo The Chainsmokers, consisting of band members Alexander Pall and Andrew Taggart, have secured $35 million in capital commitments for their debut venture capital fund named Mantis. Among investors who committed to the new fund include luminary venture capitalists Ron Conway, Keith Rabois, and Mark Cuban as well as private equity billionaire James Coulter. The Chainsmokers share management of the venture capital fund with two day-to-day general partners by the name of Milan Koch, an investor who previously worked at seed-stage fund Base Ventures, and...

thetechie.de
Sep 20
Worthy
Share
Save
Give Tip
Review
NO RATING
Social Capital Eyes Fourth SPAC

Social Capital Eyes Fourth SPAC

Social Capital Hedosophia, a partnership between investment firms Social Capital, led by Chamath Palihapitiya, and investor Ian Osborne, is seeking to launch a fourth special purpose acquisition company (SPAC) that'll raise up to $500 million, according to a from Bloomberg. Already, Social Capital Hedosophia has launched three SPACs, the second of which recently to merge with iBuying upstart Opendoor. Social Capital Hedosophia II, as the second SPAC is named, raised more than $400 million in its debut in April of this year, with all of the money now set to go to Opendoor as a result of the...

thetechie.de
Sep 17
Worthy
Share
Save
Give Tip
Review
NO RATING
The Chainsmokers Close Debut VC Fund

The Chainsmokers Close Debut VC Fund

Popular electronic music duo The Chainsmokers, consisting of band members Alexander Pall and Andrew Taggart, have secured $35 million in capital commitments for their debut venture capital fund named Mantis. Among investors who committed to the new fund include luminary venture capitalists Ron Conway, Keith Rabois, and Mark Cuban as well as private equity billionaire James Coulter. The Chainsmokers share management of the venture capital fund with two day-to-day general partners by the name of Milan Koch, an investor who previously worked at seed-stage fund Base Ventures, and Jeffrey Evans,...

thetechie.de
Sep 16
Worthy
Share
Save
Give Tip
Review
NO RATING
Volansi Bags $50 Million

Volansi Bags $50 Million

Volansi, a California-based startup that develops long-range automated delivery drones, has announced that it's raised $50 million in a Series B round led by venture capital firm Icon Ventures, with participation from existing investors Lightspeed Venture Partners and Y Combinator along with new investors Harpoon Ventures and the Merck Global Health Innovation Fund. The new funding adds up the total amount that Volansi has raised since its founding in 2015 to $75 million. Under the terms of the funding, Volansi is adding Icon Ventures managing partner Joe Horowitz and Lightspeed founding...

thetechie.de
Sep 16
Worthy
Share
Save
Give Tip
Review
NO RATING
Walmart Trials Zipline Drone Deliveries

Walmart Trials Zipline Drone Deliveries

Retail giant Walmart has announced that it's teamed up with Zipline, a medical drone delivery upstart, to kickstart a drone delivery operation in the U.S. state of Arkansas, where Walmart is headquartered. Under their partnership, Walmart will trial drone deliveries of select health and wellness products to customers within a 50-mile radius of a specific Walmart store that's close to the company's headquarters. Walmart plans to use Zipline drones to deliver health and wellness items to customers in under an hour after an order its placed. Along with quick delivery, Walmart is also aiming to...

thetechie.de
Sep 14
Worthy
Share
Save
Give Tip
Review
NO RATING
Zymergen Raises $300 Million

Zymergen Raises $300 Million

Zymergen, an Emeryville, California-based synthetic biology upstart, has raised $300 million in new funding from investors including Baillie Gifford, Baron Capital, SoftBank, True Ventures, and DCVC. With the new funding, Zymergen has now raised a total of nearly $900 million in funding since its inception. The valuation that came with the round isn't disclosed. Zymergen, a synthetic biology startup, is focused on creating materials from microbes. The seven-year-old company doesn't seem to be fully mature yet, with a limited number of customers currently known. Zymergen seems to still be...

thetechie.de
Sep 9
Worthy
Share
Save
Give Tip
Review
NO RATING
Drizly Group Nabs $50 Million Round

Drizly Group Nabs $50 Million Round

Drizly Group, a Boston-based startup that operates online alcohol and cannabis marketplaces, has that it's raised $50 million in Series C funding led by Avenir, a New York-based investment firm, and with participation from Tiger Global along with other existing investors. The new fundraise adds up the total amount of funding that Drizly has raised since its inception to about . The investment will support the upkeep and expansion of the Drizly Group's two main services, Drizly, the alcohol marketplace, and Lantern, the cannabis marketplace.Over the past year, Drizly says its gross sales...

thetechie.de
Aug 27
Worthy
Share
Save
Give Tip
Review
NO RATING
Initialized Closes $230 Million Fund

Initialized Closes $230 Million Fund

Venture capital firm Initialized Capital has closed a $230 million seed fund that marks the firm's fifth dedicated fund. The new fund brings Initialized's total assets under management to more than $770 million. The new fund, Initialized's biggest yet, comes eight years after the firm closed its first fund and four years after it closed its first big fund of $125 million.Initialized's new raise comes on the heels of the venture capital firm having backed several big-name technology companies. The venture capital firm had earlier invested in companies including Ro and Rippling, which both...

thetechie.de
Aug 15
Worthy
Share
Save
Give Tip
Review
NO RATING
Blend Nabs $75 Million Round

Blend Nabs $75 Million Round

Blend, a San Francisco-based startup that develops software for digital lending companies, has announced that it's raised $75 million in Series F funding that values it at about $1.7 billion. The new funding was led by venture capital firm Canapi Ventures, with additional participation from the likes of 8VC, General Atlantic, Temasek, Greylock, and Emergence. With the new funding, Blend has now raised a total of about $365 million in known financing.Blend's new funding marks a momentous year for the company in which it added numerous new products, most notably a digital closing solution for...

thetechie.de
Aug 13
Worthy
Share
Save
Give Tip
Review
NO RATING
Trumid Nabs $200 Million Round

Trumid Nabs $200 Million Round

Trumid Financial, a bond trading platform, has raised $200 million in new funding from investors that values the six-year-old company at more than $1 billion. Investors including T. Rowe Price, BlackRock, TPG, and Dragoneer provided the new funding, which adds up the total amount of funding that Trumid has raised since its inception to about $400 million. Previous investors in Trumid include the likes of Shumway Capital, Soros Fund Management, and entrepreneur Peter Thiel.Trumid is a trading platform primarily for corporate bonds and credit default swaps. Based out of New York, the company...

thetechie.de
Aug 12
Worthy
Share
Save
Give Tip
Review
NO RATING
IAC Builds $1 Billion Stake In MGM

IAC Builds $1 Billion Stake In MGM

IAC, the technology conglomerate, has announced that it's built up a 12% stake in publicly-traded casino giant MGM Resorts International, coughing up an aggregate of $1 billion to do so. The investment comes on the heels of the full separation of IAC from its affiliated company Match Group that saw it emerge with $3.9 billion in cash and no debt on its balance sheet. IAC, a technology conglomerate, taking a big stake in a casino giant seems odd but the company defends the investment as taking advantage of an opportunity to "own a meaningful piece of a preeminent brand in a large category...

thetechie.de
Aug 11
Worthy
Share
Save
Give Tip
Review
NO RATING
Wendell Brooks Departs Intel Capital

Wendell Brooks Departs Intel Capital

Wendell Brooks, the President of Intel Capital, the venture arm of chip giant Intel, has tendered his resignation from the firm after a few years at its helm. Brooks is stepping down after four years as President, compared to his predecessor, Arvind Sodhani, who stepped down after 28 years of leading Intel Capital. Brooks says he's leaving Intel Capital to pursue other opportunities, and to fill in the gap left from his resignation, Anthony Lin, an executive at Intel Capital, will take over as interim President.As President of Intel Capital, Wendell Brooks oversaw investments totalling...

thetechie.de
Aug 8
Worthy
Share
Save
Give Tip
Review
NO RATING
Rigetti Computing Nabs $79 Million Series C

Rigetti Computing Nabs $79 Million Series C

Rigetti Computing, a Berkeley, California-based quantum computing startup, has raised $79 million in Series C financing led by Bessemer Venture Partners, with additional participation from the likes of Franklin Templeton, Morpheus Ventures, DCVC, EDBI, and Northgate Capital. The new financing tops up an $8.6 million award from the research arm of the US government to build a quantum computer system that's aimed to be capable of outperforming classical computers. “This round of financing brings us one step closer to delivering quantum advantage to the market,” Chad Rigetti, the CEO of...

thetechie.de
Aug 5
Worthy
Share
Save
Give Tip
Review
NO RATING
Lordstown Motors Eyes Reverse Listing

Lordstown Motors Eyes Reverse Listing

Lordstown Motors, an electric vehicle upstart based out of Lordstown, Ohio, has that it's reached a deal to go public on the Nasdaq stock exchange via a merger with DiamondPeak Holdings, a 'blank check' company, or better known as special purpose acquisition company (SPAC). The merger will add roughly $675 million to Lordstown's balance sheet and is intended to come with a valuation of $1.6 billion. The $675 million figure includes $500 million in committed investments from investors including General Motors, Fidelity, Wellington Management, and BlackRock.Something very peculiar about...

thetechie.de
Aug 4
Worthy
Share
Save
Give Tip
Review
NO RATING
Facebook Blocks Pro-Bolsonaro Accounts

Facebook Blocks Pro-Bolsonaro Accounts

In response to a court order, Facebook has instituted a global block on certain accounts controlled by supporters of Brazilian President Jair Bolsonaro that were pinned down in a fake news inquiry. The block comes a day after Facebook was fined to the tune of $370,000 for previously refusing to comply with the court order to block the implicated accounts. In a statement, Facebook said the court order was “extreme” and threatens “freedom of expression outside of Brazil’s jurisdiction”, but clarified that it's agreed to it nevertheless.“Given the threat of criminal liability to a local...

thetechie.de
Aug 2
Worthy
Share
Save
Give Tip
Review
NO RATING
DraftKings Stock Falls After MLB Delay

DraftKings Stock Falls After MLB Delay

Shares of sports betting company DraftKings closed down 6.48% on Monday after the Major League Baseball league delayed two upcoming games due to the coronavirus pandemic. Over the weekend, DraftKings said the MLB was the most popular sport in its sportsbook and that it recorded its second-best day since the March shutdowns began. As many leagues have postponed games, the MLB has been an exception, with ongoing sports games but without the usual swath of spectating fans.Earlier Monday, Major League Baseball delayed the Philadelphia Phillies’ game against the New York Yankees and the Miami...

thetechie.de
Jul 29
Worthy
Share
Save
Give Tip
Review
NO RATING
Brief: Facebook Fine Upped To $650 Million

Brief: Facebook Fine Upped To $650 Million

Facebook has agreed to pay a total of $650 million in a class-action lawsuit over the company's unauthorized use of facial recognition technology on users in the U.S. state of Illinois, as indicated by a new court filing. The fine is notably up from a  $550 million to be paid by Facebook over the case. Apparently, it seems the courts were not satisfied with the agreed settlement and decided to top it with an additional $100 million.The settlement, which represents one of the biggest privacy violations payout to date, covers any Facebook user in the state of Illinois whose picture appeared...

thetechie.de
Jul 23
Worthy
Share
Save
Give Tip
Review
NO RATING
Twitter's Dorsey Sought For Tech CEO Hearing

Twitter's Dorsey Sought For Tech CEO Hearing

As time fast approaches towards a scheduled  from the CEOs of Apple, Amazon, Facebook, and Google, U.S. Representative Jim Jordan, notably the top Republican on the U.S. House Judiciary Committee, is vying to invite Twitter CEO Jack Dorsey to be an addition to the hearing. Jordan penned a to the Democratic committee Chairman Jerrold Nadler asking that Dorsey also attend the hearing which is scheduled for the 27th of July. Going by the content of his letter, the U.S. Representative is seeking Dorsey's attention to primarily address concerns and inquiries surrounding moderation of content on...

thetechie.de
Jul 23
Worthy
Share
Save
Give Tip
Review
NO RATING
Slack Files EU Complaint Against Microsoft

Slack Files EU Complaint Against Microsoft

Business communication platform Slack has filed a competition complaint with the European Commission (EU) against Microsoft, one of the company's major competitors, alleging Microsoft has engaged in "illegal and anti-competitive practice of abusing its market dominance to extinguish competition". Slack's complaint mainly centers around Microsoft tying its competing "Microsoft Teams" product to its Office productivity suite and "force installing it for millions, blocking its removal, and hiding the true cost to enterprise customers" in the process."We’re confident that we win on the merits...

thetechie.de
Jul 23
Worthy
Share
Save
Give Tip
Review
NO RATING
Possible TikTok Buyout In The Works

Possible TikTok Buyout In The Works

A small group of U.S. investors in Chinese tech conglomerate ByteDance are discussing with the company's management on the possibility of joining forces to purchase a majority stake in TikTok, the widely popular social app owned by the company, according to a from The Information. The reason for a possible sale is ByteDance examining ways of dealing with a  or forced divesture, after already having been banned in India. While TikTok has seemingly taken the world by storm, the social app created by ByteDance has been the subject of concerns over vast curation of data and such data being...

thetechie.de
Jul 22
Worthy
Share
Save
Give Tip
Review
NO RATING
Brief: LinkedIn To Cut 960 Jobs

Brief: LinkedIn To Cut 960 Jobs

Business site LinkedIn has that it's laying off 960 employees primarily from its sales and hiring divisions, a number that represents 6% of its global workforce. LinkedIn is cutting the jobs due to a recruiting and hiring slowdown resulting from the coronavirus pandemic that has, in turn, affected its business. For the affected employees, LinkedIn says it's providing a minimum of ten weeks of severance pay, 12 months of health insurance, and career transition assistance.According to LinkedIn's chief executive, Ryan Roslansky, the company isn't planning any further layoffs.ShareShareAn...

thetechie.de
Jul 22
Worthy
Share
Save
Give Tip
Review
AUTHORS