Lyft just announced that it has added an additional $500 million to its most recent funding round, a $1 billion raise announced in October. The now-$1.5 billion round includes participation from Fidelity Management & Research Company as well as the Ontario Teachers’ Pension Fund. Lyft’s post-money valuation as of this add-on raise is now $11.5 billion, with the expanded round… Read More
Source: TechCrunch
Jinn, the London on-demand delivery startup that shut down and was put into administration after being unable to pay creditors, has found a buyer for some of its assets. Read More
Source: Startups
Pivotal wants to be the development platform that serves everyone, and today at their SpringOne Platform (S1P) developer conference in San Francisco, they announced a huge upgrade to their Pivotal Cloud Foundry platform (PCF) that includes support for serverless computing, containers and a new app store. As James Watters, senior VP of strategy sees it, this is all part of a deliberate strategy… Read More
Source: TechCrunchIT
Amagi, a startup trying to rethink the way TV broadcasters deliver their content, is launching in the United States. As a TV viewer, you may not see any big issues with the current broadcast infrastructure, but Amagi says satellite delivery is expensive, time-consuming and limits a broadcaster’s ability to customize their content to different geographies. In contrast, the… Read More
Source: Startups
CoreOS announced Tectonic 1.8, its latest update of the popular Kubernetes container orchestration tool. It features a new open services catalog that enables DevOps personnel to plug in external services into Kubernetes with ease. As Rob Szumski, Tectonic product manager at CoreOS pointed out in a company blog post announcing the new version, public clouds offer lots of benefits around ease… Read More
Source: TechCrunchIT
In a world that requires increasing amounts of compute power to handle the resource-intensive demands of workloads like artificial intelligence and machine learning, IBM enters the fray with its latest generation Power chip, the Power9. The company intends to sell the chips to third-party manufacturers and to cloud vendors including Google. Meanwhile, it’s releasing a new computer powered… Read More
Source: TechCrunchIT
Google’s made a number of tweaks since announcing Android Go back at I/O in May. The lightweight version is finally ready to launch, albeit with a slightly altered name. The OS is launching with the release of Android 8.1, now carrying the decidedly less catchy Android Oreo (Go edition) title. Read More
Source: TechCrunch
Two Senate Democrats will donate funds they received from Shervin Pishevar to charitable organizations after the venture capitalist was accused of sexual harassment and assault by multiple women. According to Bloomberg, which first reported on the allegations against Pishevar last week, U.S. Senators Kamala Harris of California and Cory Booker of New Jersey will give the money to advocacy… Read More
Source: TechCrunch
The Securities and Exchange Commission has charged Canadian crypto company PlexCorp with violating securities laws by selling up to $15 million in an initial coin offering (ICO). ICOs have seen explosive growth over the past year as fledgling companies have used them to raise more than $3 billion in capital through various cryptocurrencies. Read More
Source: TechCrunch
Apple Pay Cash is finally starting to roll out to users in the States, bringing the ability to send other iOS users payments directly through iMessage. The update is arriving piece by piece to those who’ve downloaded iOS 11.2, which launched two days back with a not-yet-live version of the feature. Apple Pay Cash was announced back in June at WWDC. However, the company added ahead of… Read More
Source: TechCrunch