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Adobe turns it up to 11, surpassing $11B in revenue

Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “
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Adobe turns it up to 11, surpassing $11B in revenue

Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in […]

Consumer sous vide startup Nomiku is winding down operations

Founded in 2012, Nomiku became a plucky Silicon Valley darling by bringing affordable sous vide cooking to home kitchens. A Kickstarter project that same year generated $750,000, several times its $200,000 goal. The company scored a glowing TechCrunch profil
TechCrunch

Consumer sous vide startup Nomiku is winding down operations

Founded in 2012, Nomiku became a plucky Silicon Valley darling by bringing affordable sous vide cooking to home kitchens. A Kickstarter project that same year generated $750,000, several times its $200,000 goal. The company scored a glowing TechCrunch profile the following year, as well, thanks in part to a great backstory. Today, however, the company […]

India shuts down internet once again, this time in Assam and Meghalaya

India maintained a shutdown of the internet in the states of Assam and Meghalaya on Friday, now into 36 hours, to control protests over a controversial and far-reaching new citizen rule. The shutdown of the internet in Assam and Meghalaya, home to more than 3
TechCrunch

India shuts down internet once again, this time in Assam and Meghalaya

India maintained a shutdown of the internet in the states of Assam and Meghalaya on Friday, now into 36 hours, to control protests over a controversial and far-reaching new citizen rule. The shutdown of the internet in Assam and Meghalaya, home to more than 32 million people, is the latest example of a worrying worldwide […]

The newest members of the $100M ARR club

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between. Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring reven
TechCrunch

The newest members of the $100M ARR club

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between. Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring revenue (ARR). Our goal is to understand which startup companies are actually exceptional. This late […]

Bonobos founder Andy Dunn to leave Walmart in 2020

Andy Dunn, the founder of menswear site Bonobos which sold to Walmart in 2017 for $310 million, is now parting ways with the retail giant. The executive, who joined Walmart as SVP of digital consumer brands at the time of the acquisition, officially announce
TechCrunch

Bonobos founder Andy Dunn to leave Walmart in 2020

Andy Dunn, the founder of menswear site Bonobos which sold to Walmart in 2017 for $310 million, is now parting ways with the retail giant. The executive, who joined Walmart as SVP of digital consumer brands at the time of the acquisition, officially announced his departure in a LinkedIn post titled “A Love Letter to […]

Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M

On the heels of Bill.com’s debut, Chicago-based social media software company Sprout Social priced its IPO last night at $17 per share, in the middle of its proposed $16 to $18 per-share range. Selling 8.8 million shares, Sprout raised just under $150 m
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Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M

On the heels of Bill.com’s debut, Chicago-based social media software company Sprout Social priced its IPO last night at $17 per share, in the middle of its proposed $16 to $18 per-share range. Selling 8.8 million shares, Sprout raised just under $150 million in its debut. Underwriters have the option to purchase an additional 1.3 […]

Porsche and Lucasfilm co-designed a new starfighter for the Star Wars universe

Porsche typically concerns itself with terrestrial vehicle designs, but for a new project it worked with Lucasfilm designers in collaboration on a new starfighter for the Star Wars universe. The starfigher, called the Tri-Wing S-91x Pegasus, obviously doesn&#
TechCrunch

Porsche and Lucasfilm co-designed a new starfighter for the Star Wars universe

Porsche typically concerns itself with terrestrial vehicle designs, but for a new project it worked with Lucasfilm designers in collaboration on a new starfighter for the Star Wars universe. The starfigher, called the Tri-Wing S-91x Pegasus, obviously doesn’t exist in full-scale flyable form, but it is being built out as a 5-foot long highly-detailed sub-scale […]

Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding

Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder Steve Chen; UMC, the Taiwanese semiconductor foundry; Kakao
TechCrunch

Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding

Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder Steve Chen; UMC, the Taiwanese semiconductor foundry; Kakao Ventures; GDP Ventures; Atinum; Wasabi Ventures; Blue Ivy Ventures; Plug n Play; and SLV Capital. The startup […]

Xbox Series X is Microsoft’s next-gen console, arriving late-2020

If you didn’t watch last night’s Game Awards, you may of missed it. But Xbox Series X is the company’s  next generation console, and will be arriving in late 2020. Thankfully, Microsoft has kindly catalogued all of the images, media and even a litt
TechCrunch

Xbox Series X is Microsoft’s next-gen console, arriving late-2020

If you didn’t watch last night’s Game Awards, you may of missed it. But Xbox Series X is the company’s  next generation console, and will be arriving in late 2020. Thankfully, Microsoft has kindly catalogued all of the images, media and even a little information online. Oh, and we’ll almost certainly be hearing a LOT […]

Sleek raises $5M to help companies incorporate and operate in Singapore and Hong Kong

Sleek, a startup that is making it easier for other startups and companies to incorporate and operate in Singapore and Hong Kong, said today it has extended its seed financing round to raise $5 million. The extended seed round for the two-year-old startup wa
TechCrunch

Sleek raises $5M to help companies incorporate and operate in Singapore and Hong Kong

Sleek, a startup that is making it easier for other startups and companies to incorporate and operate in Singapore and Hong Kong, said today it has extended its seed financing round to raise $5 million. The extended seed round for the two-year-old startup was led by private investors Pierre Lorinet and Fabio Blom, and MI8, […]

Salesforce promotes Bret Taylor to president and COO

Salesforce announced today that it has named Bret Taylor as president and chief operating officer of the company. Prior to today’s promotion, Taylor held the position of president and chief product officer. In his new position, Taylor will be responsibl
TechCrunch

Salesforce promotes Bret Taylor to president and COO

Salesforce announced today that it has named Bret Taylor as president and chief operating officer of the company. Prior to today’s promotion, Taylor held the position of president and chief product officer. In his new position, Taylor will be responsible for a number of activities, including leading Salesforce’s global product vision, engineering, security, marketing and […]

Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursda
TechCrunch

Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian […]

Carbon’s new CEO discusses local manufacturing, funding and a potential IPO

Last month, Carbon announced its first new CEO in the company’s history. With $260 million worth of investments and a $2.5 billion, it’s a big job. But Carbon’s 500-person headcount is small potatoes compared to Ellen Kullman’s last gig. For six years
TechCrunch

Carbon’s new CEO discusses local manufacturing, funding and a potential IPO

Last month, Carbon announced its first new CEO in the company’s history. With $260 million worth of investments and a $2.5 billion, it’s a big job. But Carbon’s 500-person headcount is small potatoes compared to Ellen Kullman’s last gig. For six years, Kullman headed up DuPont, the culmination of a nearly 30-year career at the […]

Why Bill.com didn’t pursue a direct listing

Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO. Public investors felt that the company’s price was a dea
TechCrunch

Why Bill.com didn’t pursue a direct listing

Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO. Public investors felt that the company’s price was a deal, sending the value of its equity to $35.51 per share as of the […]

Pandora launches interactive voice ads

Pandora has begun to test a new type of advertising format that allows listeners to respond to the ad by speaking aloud. In the new ads, listeners are prompted to say “yes” after the ad asks a question and a tone plays. The ads will then offer mor
TechCrunch

Pandora launches interactive voice ads

Pandora has begun to test a new type of advertising format that allows listeners to respond to the ad by speaking aloud. In the new ads, listeners are prompted to say “yes” after the ad asks a question and a tone plays. The ads will then offer more information about the product or brand in […]

DataRobot is acquiring Paxata to add data prep to machine learning platform

DataRobot a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Paxata raised a total of $90 milli
TechCrunch

DataRobot is acquiring Paxata to add data prep to machine learning platform

DataRobot a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Paxata raised a total of $90 million before today’s acquisition, according to the company. Up until now DataRobot has concentrated […]

Is Facebook dead to Gen Z?

Olivia Moore Contributor Share on Twitter Olivia Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Justine. More posts by this contributor What VidCon means for the future of social media platforms Justine Moore Contrib
TechCrunch

Is Facebook dead to Gen Z?

Olivia Moore Contributor Share on Twitter Olivia Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Justine. More posts by this contributor What VidCon means for the future of social media platforms Justine Moore Contributor Share on Twitter Justine Moore is a venture investor at CRV and co-founded Cardinal Ventures […]

Rocket Lab cuts the ribbon on its US launch facility, with the Air Force as its first customer

Launch provider Rocket Lab has opened the doors on LC-2, its first launch facility in the U.S., adding capacity and versatility for providing trips to orbit. And LC-2 already has its first customer: the U.S. Air Force’s Space Test Program. The company h
TechCrunch

Rocket Lab cuts the ribbon on its US launch facility, with the Air Force as its first customer

Launch provider Rocket Lab has opened the doors on LC-2, its first launch facility in the U.S., adding capacity and versatility for providing trips to orbit. And LC-2 already has its first customer: the U.S. Air Force’s Space Test Program. The company had a little shindig today at the facility, located on Wallops Island in […]

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