Business

Just a day after Google decided to drop out of the Pentagon’s massive $10 billion, 10-year JEDI cloud contract bidding, Microsoft announced increased support services for government clients. In a long blog post, the company laid out its government focused cloud services. While today’s announcement is not directly related to JEDI per se, the timing
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Netlify wants to revolutionize the way developers build websites, abstracting away the web server and breaking web sites into microservices, making the process more like building a mobile application than a traditional website. Today, the company announced a $30M Series B investment to help continue to build on that vision. Kleiner Perkins led the round.
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French speaker maker Devialet is arguably manufacturing some of the best sounding all-in-one speakers on the market, but they’ve always been too expensive for the average customer. With the Phantom Reactor, the company is releasing a cheaper speaker that still sounds great. At $999 (or €990/£990), Devialet is going for a wider audience of music
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Frontify, the Swiss startup that’s built a “brand management platform,” has raised a chunky $8.3 million in Series A funding. Leading the round is Blossom Capital, the new London-based venture capital firm co-founded by ex-Index and LocalGlobe VC Ophelia Brown. Frontify’s previous seed investors include Doodle co-founder Myke Naef, former Googler Thomas Duebendorfer, and Cédric
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WeWork has partnered with Lemonade to provide renters insurance to WeLive members. WeLive is the residential offering from WeWork, offering members a fully-furnished apartment, complete with amenities like housekeeping, mailroom, and on-site laundry, on a flexible rental schedule. In other words, bicoastal workers or generally nomadic individuals can rent a short-term living space without worrying
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Varjo Technologies, the Finnish startup that made a splash earlier this year with news it had developed a virtual reality headset capable of “human-eye resolution,” has raised $31 million in Series B funding. Leading the round is Europe’s Atomico, with participation from Siemens-backed venture capital firm Next47. Existing Series A investors EQT Ventures and Lifeline
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Facebook just snatched some talent to fuel its invasion of LinkedIn’s turf. A source tells TechCrunch that members of coding interview practice startup Refdash including at least some of its executives have been hired by Facebook. The social network confirmed to TechCrunch that members of Refdash’s leadership team are joining to work on Facebook’s Jobs
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Backed with nearly $87 million in venture capital funding from GV, Oak HC/FT and F-Prime Capital, Quartet Health was founded in 2014 by Arun Gupta, Steve Shulman and David Wennberg to improve access to behavioral healthcare. Its mission: “enable every person in our society to thrive by building a collaborative behavioral and physical health ecosystem.” Recent
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Photographer: Daro Sulakauri/Bloomberg According to a new study conducted by the Center for American Entrepreneurship and NYU’s Shack Institute of Real Estate, the US may be losing its competitive advantage as the dominant nucleus of the startup and venture capital universe.  The analysis, led by senior Brookings Institution fellow Ian Hathaway and “Rise of the Creative Class” author Richard
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