Acquisition.Digital

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Improbable draws $502 million from SoftBank and others for dream of giant online game worlds

How’s this for improbable?<p>Online gaming world enabler Improbable has raised $502 million in a second round of investors, including SoftBank. Improbable has created an operating system, SpatialOS, that marshals the power of cloud computing and distributed platforms to enable even small studios to …

Game Development

Hootsuite launches $5 million developer fund

Like many companies, Hootsuite knows that its social media management service isn’t going to be able to address all the needs of its users, especially those in the enterprise. The company has therefore opted to make an investment in its platform to incentivize third-party developers to build tools …

HootSuite

Robinhood raises $110 million at a $1.3 billion valuation for stock trading app

Robinhood has officially raised its latest round of funding, bringing in $110 million at a $1.3 billion valuation. The investment is led by DST Global and includes participation from new investors Greenoaks Capital and Thrive Capital, along with previous investors Index Ventures, NEA, and Ribbit …

Trading
Transportation

These are the biggest e-commerce acquisitions of all time

PetSmart’s acquisition of Chewy is the cherry on top.<p>As <b>Recode</b> reported Tuesday, PetSmart is acquiring online pet store Chewy for $3.35 billion — the biggest e-commerce acquisition of all time.<p>For context, this is an even bigger deal than Walmart’s acquisition of online retailer Jet.com last year — …

Prestigious Firms Make Riskier Acquisitions Than Other Firms

High-reputation firms are recognized for consistently meeting and even exceeding stakeholders’ expectations. Prior research suggests that compared to other firms, this elite subset of firms attract more and better job applicants, command higher prices for products and services, and sustain higher …

Harvard Business Review

WPP leads the charge in M&A for the marcoms sector, says Results International

The WPP Group has been the most active in the mergers and acquisitions (M&A) department for the marketing and communications (marcoms) sector …

Mergers & Acquisitions
Startups

10 Excellent Pieces of Expert Advice for Entrepreneurs from VCs

If you want to build a successful startup and score funding, who better to look to for advice than the investors? VCs have a wealth of experience and know what separates the unicorns (winners) from the donkeys (losers).<p>Entrepreneurs, take note! Here are 10 excellent pieces of advice from VCs.<p>1. …

Entrepreneurship

Google confirms acquisition of data science startup Kaggle

At its Google Cloud Next conference in San Francisco today, Google announced that it has acquired Kaggle, a startup whose website has hosted competitions in which data scientists solve challenges that other companies provide. Terms of the deal weren’t disclosed.<p>Kaggle competitions have historically …

Mozilla acquires read-it-later app Pocket, will open-source the code

Mozilla, the company behind the Firefox browser, today announced that it has acquired Pocket, the startup that develops an app for saving articles and other content. Terms of the deal weren’t disclosed.<p>The Pocket code will become a part of the Mozilla open-source project, Mozilla chief business and …

SlamData raises $6.7 million to provide business analytics for non-relational data

EXCLUSIVE:<p>SlamData, which provides a business intelligence (BI) tool for enterprises, announced today a funding round of $6.7 million.<p>The Boulder, Colorado-based startup helps customers get more out of NoSQL databases like MongoDB, Couchbase, MarkLogic, and Hadoop. SlamData offers native analytics …

Apple Acquires Israeli Firm RealFace Specializing in Facial Recognition

Apple has bought Israeli startup RealFace, a cybersecurity and machine learning firm specializing in facial recognition technology.<p>The <i>Times of Israel</i> reported on Sunday that the Tel Aviv-based company, founded in 2014, was snapped up by Apple for an estimated $2 million, while Hebrew-language</i> …

NewsWhip raises $6.4 million to give newsrooms the data to spot breaking stories and trends

NewsWhip, a content analytics platform aimed largely at newsrooms and marketers, has raised $6.4 million in a Series A round led by Tribal Ventures, with participation from others, including the Associated Press (AP), Japanese publisher the Asahi Shimbun, San Francisco fund Matter VC, Enterprise …

8i raises $27 million round for augmented reality holograms

Holographic-tech startup 8i is announcing that it has raised $27 million from media, tech, and telecommunications strategic investors. The company is also announcing Holo, a consumer mobile augmented reality app that lets people express themselves with funny holograms.<p>Time Warner led the round, and …

Nura gets $4.6 million in seed funding for its customizable headphones

We tried out a prototype of Nura’s custom headphones over the summer and liked what we heard. Apparently we weren’t alone in that, as the Australian startup scored a massive $1.8 million on Kickstarter soon after – doubly impressive when you consider that, for those who didn’t get a chance to try …

Snap IPO: Six things we now know about Snapchat parent company

Snap Inc. came out with a bang Thursday on the New York Stock Exchange.<p>Shares of Snap SNAP, -3.24% , the parent company of messaging app Snapchat, closed up 44% Thursday after opening at $24, 41% above its issue price. The company priced its shares at $17 a share Wednesday to raise $3.4</b> …

Social Media

UK’s Hellocar secures £1M to to disrupt UK car buying market

Hellocar, a new car buying website out of the UK, has secured a £1m investment round. The round was led by JamJar Investments, the Innocent Drinks founders’ venture capital fund, and Alex Chesterman, founder and CEO of Zoopla Property Group. Henry Lane Fox, part of the founding team behind …

5 Investment Firms Reveal What They Look for in Startups

There's more competition than ever before to get startup funding. Here's how to break through the pack.<p>Running a startup is expensive. If you’re an entrepreneur, you already know this, and likely have “find money” high on your priority list. There’s a fair chance that the first place you’re going …

Venture Capital

Hootsuite acquires AdEspresso as it moves into paid content, social ads

Hootsuite, the startup and platform that lets marketers manage a company’s interactions across a range of social media networks, is getting into the business of paid content. Today, it is announcing that it has acquired AdEspresso, a company that has built a set of tools to create, A-B test, and …

Sneaker Marketplace GOAT Raises $25 Million in Funding, Adds to Board of Directors

Mobile sneaker marketplace GOAT continues to flourish in 2017, announcing yesterday an additional $25 million in funding.<p>The funding is led by Accel, …

Startups

Snapchat hired the cofounder of a startup that stops people from reverse-engineering apps

Snapchat's parent company, Snap, has set up shop in Switzerland and hired a specialist in software protection, according to Bloomberg.<p>Laurent Balmelli is the cofounder of Strong.Codes, a two-year-old startup that sells software that protects companies from having their code tampered with or …

Snapchat

All Successful Startups Begin With This Checklist—an Expert Explains Why

<i>At MyDomaine, we know how challenging it is to turn your passion into a thriving business. Making that leap of faith takes courage and confidence,</i> …

Entrepreneurship

5 Ways Venture Capital Can Steal Your Dream

Many entrepreneurs chase VC funding, but the ones who fail to get it may be better off than those who do.<p>When faced with the frustrating constraint of limited capital, many entrepreneurs contemplate venture capital (VC) as a potential solution. Armed with a compelling vision, marketplace traction …

Venture Capital

2016 saw $30.3 billion in gaming mergers, acquisitions, and investments

2016 saw plenty of money moving around in the game industry.<p>Tech mergers and acquisitions adviser Digi-Capital released its Games Report 2017, which revealed that $30.3 billion in game industry deals happened in 2016. This includes $28.4 billion of games mergers and acquisitions. This is a new …

Gaming

Twitter just sold its developer platform to Google

Google bought Twitter, after all — or at least, a part of it.<p>Google has purchased Fabric, Twitter's platform for developers to build apps, for an undisclosed sum, according to a blog entry.<p>In 2016, it was reported that Google would make a bid for Twitter, competing with the likes of Disney and …

Twitter

Deep learning startup Neurala raises $14 million to build brains for drones, autonomous cars, and more

Neurala, a software and services company that helps bring artificial intelligence (AI) to drones, robots, cars, and consumer electronics, has announced a $14 million series A funding round led by Pelion Ventures, with participation from Sherpa Capital, Motorola Ventures, 360 Capital Partners, …

Deep Learning

Microsoft Buys Canadian Artificial Intelligence Startup for More Brainpower

Microsoft is buying Maluuba, a Canadian startup focused on giving software a better understanding of human language. This natural language processing …

Atlassian is buying my beloved Trello for $425 million

Publicly traded business software company Atlassian is announcing today that it’s acquiring Trello, the startup behind an eponymous task-management app, for a total of $425 million, with $360 million in cash and the rest in stock. The deal is expected to close later this quarter.<p>In an interview …

Project Management