Tag: Investment

Mary Meeker, author of the Internet Trends Report, is leaving Kleiner Perkins

Mary Meeker is leaving Kleiner Perkins to build a new fund and she’s taking the firm’s growth team with her. The news, first reported by Recode and confirmed to TechCrunch, is the latest high-level departure at one of the most prominent Silicon Valley venture capital firms. Joining Meeker in her

Chipmaker Renesas goes deeper into autonomous vehicles with $6.7B acquisition

Japan-based semiconductor firm Renesas — one of the world’s largest supplier of chips for the automotive industry — is scooping up U.S. chip company IDT in a $6.7 billion deal that increases its focus on self-driving technology. Renesas produces microprocessor and circuits that power devices, and automotive is its core focus. It

Three former Social Capital partners are reportedly raising a $200M fund

Tribe Capital, the venture capital firm launched by Arjun Sethi, Jonathan Hsu and Ted Maidenber, a trio of former Social Capital partners, is reportedly raising $200 million for its first flagship venture capital fund.  This story is developing. We’ve reached out to the firm for comment. Tribe was said to

Skyline AI raises $18M Series A for its machine learning-based real estate investment tech

Skyline AI founders Iri Amirav, Or Hiltch, Guy Zipori and Amir Leitersdorf A mere four months after coming out of stealth mode with $3 million in seed funding, real estate investment startup Skyline AI announced that it has raised an $18 million Series A. The round was led by Sequoia

Insight Venture Partners closes on its largest fund with $6.3 billion

Insight Venture Partners that it has raised $6.3 billion for its latest (and largest ever) fund as technology investors continue to amass increasingly large war chests. In the wake of SoftBank’s massive $100 billion Vision Fund, investors in technology companies have said that capital has become weaponized as a way

Amazon Pay Receives $33.5 Mn Funding Boost From Its Parent Entity

Amazon has invested $33.5 Mn (INR 230 Cr) in its digital payments arm Amazon Pay. The funds came from Singapore-based Amazon Corporate Holdings and Amazon.com.incs, as per RoC filings. Since May 2017, Amazon has invested more than $100 Mn (INR 685 Cr) in Amazon Pay.Click To Tweet The latest fundraise

TMGcore is running high-efficiency crypto mines in Texas

Out on the plains of East Texas, not far from Dallas, a company called TMGcore is mining crypto. The company, funded to the tune of $70 million, will be mining multiple cryptocurrencies and is using some unique technology to ensure that it doesn’t eat up an entire city’s worth of

Pitchbook now offers users suggested companies when they search

This one’s for all the due diligence fiends and competitive landscape mapping mavens out there. Pitchbook, the data and analytics service for private equity and public markets, is rolling out an automated suggestions feature for premium users when they’re doing searches on companies for market intelligence. The new service is

Amazon Fuels Its Food Retail Arm In India With $1.5 Mn

Amazon has invested $1.5 Mn ($10.5 Cr) in its Indian food retail arm, Amazon Retail India, as per regulatory filings. Amazon Retail is also a vendor on Amazon’s Pantry and Prime Now grocery offerings. The US-based etailer received the final nod from the Indian government in July 2017 to invest

State Bank Of India To ‘Modify’ Strategy Of Investing In Startups

India’s largest public sector bank, State Bank of India, is all set to modify the way it invests in startups according to its Chairman Rajnish Kumar who emphasized that the “traditional way of investing will not work,” ET reported. “We are a public institution and investments in startups are generally