Open since 2017, the firm just launched its second $20 million fund Most venture capital firms are based in hubs like Silicon Valley, New York City and Boston. These firms nurture those ecosystems and they’ve done well, but SaaS Ventures decided to go a different route: it went to cities like Chicago, Green Bay, Wisconsin…
Tencent just added another portfolio member to its expanding global gaming empire, this time, to up its game in mobile casual plays. Voodoo, the French company behind a slew of popular casual games, announced Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion. The company did not disclose the…
Tesla filed a lawsuit against electric vehicle automaker Rivian and four former employers, on allegations of poaching talent and stealing trade secrets. Bloomberg was the first to report the lawsuit filed in California Superior Court in Santa Clara. Tesla alleges in the lawsuit that Rivian recruits Tesla employees and encourages them to take proprietary information…
The police union in Los Angeles is ridiculing Mayor Eric Garcetti for referring to “killers” in comments about a proposed change in city and police spending following the death of George Floyd in Minneapolis Police union calls LA mayor ‘unstable,’ faults budget cutsBy MICHAEL R. BLOODAP Political WriterThe Associated PressLOS ANGELES LOS ANGELES (AP) —…
Edtech is booming, but a short while ago, many companies in the category were struggling to break through as mainstream offerings. Now, it seems like everyone is clamoring to get into the next seed-stage startup that has the phrase “remote learning” on its About page. And so begins the normal cycle that occurs when a…
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40…
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019, according to App Annie’s “State of…
Alphabet today announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites. Makani, which was founded in 2006, came into Google/Alphabet seven years ago as a Google X project. Last year, the company spun it out of X and made it a standalone Alphabet unit. Now,…
Democrat presidential candidate and billionaire Tom Steyer took aim at those alongside him on stage at the Democrat presidential debate in New Hampshire on Friday and said his party is “in trouble” ahead of the election. Steyer said: Look, what we saw Mitch McConnell do, not just in the Supreme Court with Merrick Garland, but across…
CEO/president Amnon Shashua explains why getting into robotaxi services is a strategic move Mobileye has built a multi-billion-dollar business supplying automakers with computer vision technology that powers advanced driver assistance systems. It’s a business that last year generated nearly $1 billion in sales for the company. Today, 54 million vehicles on the road are using…
