Evernote and Meetup owner Bending Spoons raises $155M in equity financing
Bending Spoons, the owner of popular apps and services like Evernote and Meetup, announced today that it has raised $155 million in a new equity financing round at a $2.55 billion post-money valuation. Durable Capital Partners led the round with existing investors, such as Baillie Gifford, Cox Enterprises, NB Renaissance,
Read MoreAlibaba faces reckoning with once-vaunted ‘new retail’ strategy
In 2017, “new retail” began appearing in Alibaba’s earnings reports. Coined by the Chinese e-commerce behemoth, the term refers to the seamless integration of online and offline retail. Six years later, Alibaba is having a moment of reckoning with this strategy as it looks to offload some of its offline
Read MoreAngola’s National Bank Upgrades with SAP Innovations
In the face of challenging global economic conditions, the role of central banks has become increasingly crucial in navigating economic headwinds and formulating effective monetary policies. Angola’s central bank initiated a digital transformation project to modernize its technology infrastructure and leverage the latest innovations. This endeavor has resulted in substantial
Read MoreTelecom Namibia Partners with Qvantel for Digital Transformation
Qvantel, a company in Digital BSS, has announced its secured contract from multinational technology company SATEC Group to provide Qvantel Flex BSS to Telecom Namibia, supporting their digital transformation strategy. Telecom Namibia is laying the groundwork for Namibia’s digital transformation and enhancing digital inclusion. By offering fixed-mobile convergence, Telecom Namibia
Read MoreCrypto exits remain low but investors remain unfazed
New PitchBook data makes it clear that if the larger startup market is suffering from an exit-drought, crypto startups are possibly even more parched. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreGM is expanding its hands-free driving system to rural highways
GM is expanding access to Super Cruise with plans to let drivers use the hands-free advanced driver assistance system on about 750,000 miles of roads in the United States and Canada. The expansion, which will nearly double the automaker’s Super Cruise network by 2025, will include rural and minor highways
Read MoreSlack ads AI to increase productivity and crush information overload: Hashtag Trending, Thursday, February 15, 2024
Slack adds AI features to combat information overload, Akamai bets on edge computing to compete with the giant public cloud players. Google uses AI to launch a devastating attack on fake reviews, an update on our Mozilla story and AI is used to have the voices of victims lobbying legislators.
Read MoreBreaking news: Cisco to cut roughly 4,250 from its payroll
Cisco late this afternoon released its second quarter results, as well as announcing a reduction of its payroll by five per cent, which in terms of head count means an estimated 4,250 employees will be receiving termination notices. According to a Reuters report, the company “lowered its annual revenue target
Read MoreBluesky and Mastodon users are having a fight that could shape the next generation of social media
People on Bluesky and Mastodon are fighting over how to bridge the two decentralized social networks, and whether there should even be a bridge at all. Behind the snarky GitHub comments, these coding conflicts aren’t frivolous — in fact, they could shape the future of the internet. Mastodon is the
Read MoreVarda Space Industries finally gets approval to bring its drug manufacturing spacecraft back to Earth
Varda Space Industries has received long-awaited approval from regulators to return its first spacecraft to Earth — and with it, a batch of pharmaceutical crystals manufactured on orbit. Varda’s Winnebago capsule has been stuck in limbo for months. The company launched the spacecraft on a SpaceX Transporter mission eight months
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