Tech companies working with augmented reality and virtual reality technologies raised over $3 billion in venture funding in 2017. This data comes from analytics firm Digi-Capital and suggests that while the buzz surrounding the AR/VR space has tapered off, the sheer amount of cash getting pumped into the industry is continuing to surge. Though the report’s numbers highlight… Read More
05
Jan
2018
AR/VR startups raised $3 billion last year led by a few industry juggernauts
Tech companies working with augmented reality and virtual reality technologies raised over $3 billion in venture funding in 2017. This data comes from analytics firm Digi-Capital and suggests that while the buzz surrounding the AR/VR space has tapered off, the sheer amount of cash getting pumped into the industry is continuing to surge. Though the report’s numbers highlight… Read More
FCC Commissioner Clyburn’s passionate dissent at last month’s meeting left no room for guesswork on her position on the Commission’s plan to eliminate net neutrality. But it wasn’t all she had to say. Today, released alongside the final text of the “Restoring Internet Freedom” order, is an extended statement that goes into further detail and strikes at the…
Uber finally got its secondary transaction done with SoftBank buying billions of dollars worth of shares last month. Now we’re learning more about who sold what. It was already known that major shareholder Menlo Ventures was looking to sell shares, but we’re hearing confirmation that it wagered the majority of its holdings and successfully sold close to half of its stake, which…
African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that shaped that transition over the last year. Investment Andela’s…
Verizon (which owns this publication) announced today that it has acquired Niddel, a startup that bills itself as an autonomous threat detection service. The acquisition price was not disclosed. Niddel’s primary product, Niddel Magnet is a subscription service that uses machine learning to locate infected or compromised machines inside an organization. It works completely autonomously…
As the New Year dawns, new opportunities are emerging for savvy venture capitalists in a number of different fields. From new companies building businesses based on the genome, to businesses built on the blockchain; distributed applications, teams, genes and geographies will shape the future of the venture capital industry. 1 – A,T,G,C We are moving from a world based upon the 0s and 1s…
Global app revenue climbed 35 percent in 2017 to reach nearly $60 billion, according to a new report today from app intelligence firm Sensor Tower, which measured paid apps, subscriptions, and in-app purchases across both Apple’s App Store and Google Play. However, Apple is the one pulling n the most revenue, the report found – at nearly double that of Google Play. Specifically,…
Ahead of going public, Spotify Chief Content Officer Stefan Blom announced today he’s leaving the company, Recode first reported. “We are grateful for Stefan’s many contributions to the company over the years and we wish him the very best,” a Spotify spokesperson told TechCrunch.
G.E. Appliances (now a subsidiary of the Chinese appliance manufacturer Haier) is spinning out a crowd-sourced product development business as a service for corporate customers under the name Giddy. It’s the idea that won’t die — even though several of the companies that originally supported it have foundered over the years. Companies like Quirky and Local Motors tried to tap…