Year: 2018

08 Jan 2018

New Sequoia China investment values Australian design company Canva at $1 billion

 Canva, the Australian provider of graphic design software as a service, has become the world’s latest unicorn with a new investment led by Sequoia China. A $40 million dollar round gives the company its eye-popping new valuation, following a year of tremendous growth in 2017 where Canva reached profitability and notched 294,000 paying customers for its design software-as-a-service… Read More
08 Jan 2018

Collibra snags $58 M Series D led by Iconiq and Battery Ventures to simplify data governance

 Collibra, a company that wants to help firms understand data governance, announced a $58 million Series D funding round today led by Iconiq Capital and Battery Ventures. All of the investors involved in this round were coming back for another dip in the well. In addition to Iconiq and Battery Ventures, early Collibra investors Dawn Capital, Index Ventures and Newion Investments also participated. Read More
08 Jan 2018

Where GoPro goes next

 GoPro, already a beloved camera brand, just couldn’t take flight. The GoPro vision – a little box you can attach to the wing of a plane or your ski helmet and catch unparalleled views of the world – is cloudy now on news that trading halted this morning due to low performance attributed to price slashing, layoffs, and the closing of the company’s nascent drone… Read More
08 Jan 2018

mRelief launches end-to-end food stamp enrollment service

 Signing up for food stamps can be cumbersome, especially for those with limited access to transportation and internet. In San Francisco, about one in four people struggle with hunger, according to the SF-Marin Food Bank. Meanwhile, $13 billion in food stamps benefits are unclaimed every year, according to the U.S. Department of Agriculture. Through startup mRelief, people with low incomes… Read More
08 Jan 2018

GoPro confirms layoffs, exit from drone business

 GoPro today released preliminary fourth quarter 2017 results which paints the company in struggling situation. The company says it plans to reduce its headcount in 2018 from 1,254 employees to fewer than 1,000. It also plans to exit the drone market and reduce CEO 2018 compensation to $1. Pre-market trading of GoPro shares have halted on the news. The layoffs were expected. Last week… Read More
08 Jan 2018

XYZprinting adds voice control to its color 3D printers

 XYZprinting wants users to talk to its 3D printers. Say, print an apple and it will print an apple. Say, calibrate the printer and the printer will calibrate. This feature is available on its new $3800 Da Vinci Color AiO color 3D printer. The company says the technology was inspired by other voice services but was developed in-house over the last two years. The service is limited at launch… Read More
08 Jan 2018

Kano’s latest gadget: a build-it-yourself camera for custom photo filters and GIFs

 After raising $28 million last November to add more firepower to its growth, Kano is unveiling the newest addition to its range of build-it-yourself gadgets that you use to learn to code: a camera. London-based Kano is using this week’s CES in Las Vegas to show off a full prototype of the new Camera Kit — designed to work with Kano’s existing suite of gadgets, which include… Read More
08 Jan 2018

Ripple, a Tinder spinoff backed by Match, launches app for professional networking

 A team of former Tinder employees, led by Tinder’s original CTO Ryan Ogle, are today launching a new app aimed at professional networking. The app, called Ripple, aims to be a sort of mobile-first alternative to LinkedIn that addresses some of the problems common to the aging, now Microsoft-owned business networking platform. LinkedIn today has a heavy focus on job searching and head… Read More