Uber investor Hillhouse goes after food and beverage startups with $100M fund – TechCrunch

The food and beverage market is having a moment as venture capital money sloshes around looking for its high-potential startups. Hillhouse Capital, the China-based investment fund that counts Airbnb, Uber, Baidu, and Tencent and several other tech heavyweights in its portfolio, has set up a $100 million fund with San Francisco-based private equity firm VMG…

Lime hires its first chief business officer amid push into car-sharing – TechCrunch

After four months “on the beach,” per his LinkedIn profile, Uber’s former global head of business and corporate development has a new gig. Lime has hired David Richter (pictured) as its first-ever chief business officer and interim chief financial officer. Based in San Francisco, Richter will be overseeing the bike- and e-scooter-sharing startup’s business operations.…

IBM to buy Red Hat for $34B – TechCrunch

At a price typically reserved for semiconductor companies, telecoms, and pharmaceutical giants, IBM announced today it would pay a record $34 billion in cash and debt to acquire enterprise open source provider Red Hat. Eclipsing Microsoft’s $26.2 billion acquisition of LinkedIn, this is the biggest software acquisition in history. It’s not the biggest tech acquisition…

Facial recognition startup Kairos founder continues to fight attempted takeover – TechCrunch

There’s some turmoil brewing over at Miami-based facial recognition startup Kairos. Late last month, New World Angels President and Kairos board chairperson Steve O’Hara sent a letter to Kairos founder Brian Brackeen notifying him of his termination from the role of chief executive officer. The termination letter cited willful misconduct as the cause for Brackeen’s…