Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO. Public investors felt that the company’s price was a deal, sending the value of its equity to $35.51 per share as of the…
Salesforce announced today that it has named Bret Taylor as president and chief operating officer of the company. Prior to today’s promotion, Taylor held the position of president and chief product officer. In his new position, Taylor will be responsible for a number of activities, including leading Salesforce’s global product vision, engineering, security, marketing and…
Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian…
Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian…
Nokia has won a tender with German rail company Deutsche Bahn to test and deliver standalone 5G for autonomous trains and rail operations. It will be the first time a standalone 5G system has been used for rail automation, said Nokia. The project, based in Hamburg, in Germany, constitutes a step in the development of…
Kind Words is the warm hug you needed from a friend after a long day, it’s the “I’m proud of you” that you needed to hear, but for whatever reason, never did. It’s a surprising bit of warmth, and it comes from a surprising place. Complete and total strangers. As someone who spends inordinate amounts…
Allen Miller is a principal at Oak HC/FT based in San Francisco. He’s excited by bold entrepreneurs building great companies across categories, especially in fintech. More posts by this contributor 2019 looks to continue another lights-out year for fintech startups Financial technology startups emerged as serious challengers to financial services in 2017 As we barrel…
Google Cloud today announced Transfer Service, a new service for enterprises that want to move their data from on-premise systems to the cloud. This new managed service is meant for large-scale transfers on the scale of billions of files and petabytes of data. It complements similar services from Google that allow you to ship data…
After last year’s stellar turn out of almost 1,000 Silicon Valley shakers and movers, TechCrunch is returning with the 3rd Annual Winter Party at Galvanize in San Francisco on February 7. The party will feature tasty beers, wine and canapés, party games and activities, plenty of photo ops (and our infamous karaoke), giveaways and some…
DataRobot, a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Paxata raised a total of $90 million before today’s acquisition, according to the company. Up until now, DataRobot has concentrated…
