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Apple has acquired Denver-based startup Akonia Holographics, that specialises in manufacturing augmented reality waveguide lenses — for an undisclosed sum. The acquisition clearly indicates that Apple is planning to ride high in the augmented reality headset market and is investing resources into developing such technologies. “Apple buys smaller technology companies from time to time, and we […]

Upgrade, the newest lending startup of Lending Club founder Renaud Laplanche, has raised $62 million in Series C funding

Upgrade, a two-year-old, San Francisco-based consumer lending venture founded by Renaud Laplanche, has raised $62 million in Series C funding led by CreditEase Fintech Investment Fund. The company’s earlier investors also joined the round, including Apoletto, FirstMark Capital, NOAH, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures and Vy Capital. The money brings the total […]

Microsoft Acquires WordPress for Bargain Price of $7.95

Microsoft (NASDAQ: MSFT) announced today that it had acquired WordPress, the popular online blogging platform. The deal sets Microsoft firmly down a path of acquiring the web’s widely used tools and platforms, after its recent acquisition of GitHub for $7.5 billion. However this time Microsoft was able to purchase the hugely popular blogging platform from Automattic and the […]

Jay-Z has a new venture fund and a Silicon Valley partner

Jay-Z is behind a new venture fund called Marcy Venture Partners that is being launched with Walden Venture Capital  managing director Larry Marcus and longtime business partner Roc Nation president Jay Brown, according to California regulatory filings. The fund was first reported by Axios. Shawn “Jay-Z” Carter is no stranger to the venture world. The rap artist, producer and […]

Google to invest $550 million in China e-commerce giant JD.com

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet company’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on […]

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In Silicon Valley, venture firms with a track record of success find themselves awash in money thanks to the growing number of institutions that want to invest more of their capital in tech. In March, an SEC filing showed that General Catalyst  had closed a $1.375 billion fund, the biggest vehicle in its 18-year history. Battery Ventures also […]

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Softbank’s Vision Fund and Google-owner Alphabet’s investment arm, CapitalG, are among the investors that have invested $1.9 billion into Manbang, reports Reuters. Manbang is often described as China’s “Uber for trucks” and allows snipers to connect with truck drivers to transport their goods across China. Currently, Manbang boasts that 5.2 million out of the 7 million trunk line […]

Samsung Venture invests $4.6 million in Israeli tech firm

Samsung Venture Investment Corp, an affiliate of Samsung Electronics that specialises in fostering startups, said on Monday that it has invested $4.6 million in an Israel-based firm Audioburst. Audioburst specialises in Artificial Intelligence (AI) technology, Yonhap news agency reported. The South Korean tech giant said the investment was made through the venture company last year. Industry watchers said […]

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Intel is weighing a range of acquisition options, including a bid for Broadcom, The Wall Street Journal reported Friday, citing people familiar with the matter. Shares of Intel fell 1 percent in after-hours trade following the report, while Broadcom shares gained more than 6 percent. Qualcomm shares were little changed. The news comes as Broadcom is aggressively pursuing its […]