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Almost exactly a year ago, Microsoft and Adobe announced a strategic partnership around Microsoft’s Azure cloud and Adobe’s Marketing Cloud. That, however, was only a first step for the two companies. Today, they are announcing a major expansion of this partnership that sees them collaborating around e-signatures and team communications. Specifically, this expanded deal means
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India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly differentiated affordable hotels, and
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Innoviz, a company making LiDAR sensors to support the development and deployment of autonomous driving, has raised a new $65 million in Series B funding, from strategic partners and leading auto industry suppliers Delphi Automotive and Magna International, along with other investors. The vote of confidence from Magna and Delphi is especially noteworthy, however, because
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European Union defense ministers have been taking part in a simulated cyber attack exercise today for the first time to practice strategic decision making and crisis-management under pressure of a (mock) cyber-attack against the bloc’s military structures. The two-hour war game exercise, named EU CYBRID 2017, was held in Tallinn, Estonia, where the EU defense
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Five months after abandoning its proposed purchase of Monsanto’s precision planting subsidiary due to anti-trust concerns, agricultural equipment giant Deere and Company announced that it will spend $305 million to acquire ag-tech startup Blue River Technology. Founded in 2011 and based in Sunnyvale, Blue River develops machine learning technology for precision farming and counts Monsanto’s
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Fanatics, the 17-year-old, Jacksonville, Fla.-based sports e-commerce company that helps leagues and teams sell their licensed apparel and fan gear directly to customers, has closed on $1 billion in funding led by SoftBank Group’s Vision Fund. The National Football League and Major League Baseball, both earlier investors, also participated in the round, which values the
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Upload, the virtual reality startup at the center of a sexual harassment and wrongful termination lawsuit filed earlier this year, has settled the case with its former employee and is aiming to put the ensuing damage behind it. The lawsuit, filed against the startup and its co-founders by former director of digital and social media
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As the Blockchain and Crypto world gathers pace, vehicles to allow for the creation, promotion and management of crypto investment funds are growing. The Iconomi Digital Assets Management Platform enables users to invest and manage various digital assets. Meanwhile, Melonport is building a blockchain protocol for digital asset management, initially built on the Ethereum platform.
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Two legal judgements at the highest level in Europe in recent years have reaffirmed that all Member States’ data retention regimes must comply with core principles of legality, necessity, and proportionality in order to avoid breaching citizens’ fundamental rights. However a new report surveying the current status of legislation pertaining to the retention of communications
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: For many entrepreneurs, especially first-time founders, raising outside capital can be daunting. Between all of the new vocabulary — like “term sheets,” “capitalization tables,” “pro rata” and different valuation metrics — and the very
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Ed tech startup Labster whose software platform enables virtual simulations of laboratories for teaching life science to students, has closed a $10 million Series A round of funding led by early stage European VC firm Balderton Capital. Stockholm-based Northzone is also joining the round, as is Unity Technologies founder David Helgason — clearly spying strategic
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