Author: azeeadmin

22 Dec 2017

North Korea insults Trump after sanctions

The UN Security Council unanimously adopted a new set of draconian US-drafted sanctions on North Korea that will further strangle its energy supplies and tighten restrictions on smuggling and the use of North Korean workers overseas.
20 Dec 2017

Google Ventures invests in Ripcord’s paper digitizing robotics service

 The $40 million Ripcord Series B we reported back in August has just been bumped up to $65 million, courtesy of additional funding led by Google Ventures. The added funding comes as the record keeping company continues to grow at a healthy clip. The Bay Area based service added 100 jobs this year, and is on track to add another 150 in 2018. The service came out of stealth in March of this… Read More
20 Dec 2017

WeWork’s Powered By We product is central to 2018 growth strategy

 WeWork had a big year in 2017. The seven-year-old company opened 90 new locations, doubling its global membership, and expanded into new cities in Latin America, Asia and Australia, and Europe and Israel. It is reportedly valued at $20 billion. While 2018 holds more of the same — WeWork plans to launch 1 million square feet of new space each month next year — the company also plans… Read More
19 Dec 2017

SendBird raises another $16M to help developers add chat functions to a service

 If you go to any company’s website these days, you’re probably starting to see some chat functionality more and more often — and for good reason, as it’s a quick way for those companies to get in touch with their potential customers. And SendBird, which launched in February this year out of Y Combinator, has tried to quietly begin eating up this space by giving… Read More
19 Dec 2017

Bima raises $97M from Allianz for microinsurance aimed at emerging markets

 On the heels of Lemonade raising $120 million from Softbank for its new “peer-to-peer” spin on insurance services, another company aimed at disrupting the insurance market is announcing a major round of its own. Bima, a European startup that builds and sells “microinsurance” services for low-income consumers in Africa, Asia and Latin America, has raised $96.6 million in… Read More
19 Dec 2017

InVision is investing $5 million in design startups with new fund

 InVision, the platform for creation and collaboration among designers, has today announced the launch of the InVision Fund. Led by CEO Clark Valberg, the company is designating $5 million to invest in startups working in the design space. “The world is giving birth to all of these little design tools meant to make the world of design better,” said Valberg. “We think of… Read More
18 Dec 2017

As Kubernetes surged in popularity in 2017, it created a vibrant ecosystem

 For a technology that the average person has probably never heard of, Kubernetes surged in popularity in 2017 with a particular group of IT pros who are working with container technology. Kubernetes is the orchestration engine that underlies how operations staff deploy and manage containers at scale. (For the low-down on containers, check out this article.) In plain English, that means that as… Read More
18 Dec 2017

Oracle to buy construction collaboration software maker Aconex for $1.2B in cash

 Oracle will pay $1.2 billion in cash to buy construction software developer Aconex, the companies announced today. Based in Melbourne, Aconex’s cloud-based software allow teams working on building projects to collaborate and share documents. Oracle agreed to pay AUD $7.80 (about $5.97) per share in cash for a total of $1.2 billion. This price represents a 47% premium over… Read More