An Indian SaaS startup, which is increasingly courting clients from outside of the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox, which operates a cloud-based human resource management platform, said on Thursday it has raised $15 million in a new financing round. The Series B round — which moves…
Two years ago, Oculus announced a radical departure in how they were funding virtual reality developers. Instead of partnering with a ton of upstart teams looking to explore the medium and help fund their low-budget pursuits, the company would be pursuing fewer, more expensive projects with established studios. Their crown jewel would be a made-for-VR…
There are two sides to starting a new business. On one side, entrepreneurs need creativity, imagination — a dream, essentially — to find, build, and market a new product to users and consumers. But on the other side, they have to deal with the regulatory state and all the minutia that comes with running any…
DJI announced two new drones and a new initiative to support first responders during natural disasters and recovery missions with drone technologies as it moves to consolidate its position as the leading drone technology provider. The company hyped its new multispectral drone as the world’s first fully integrated multispectral imaging drone to enable more efficient…
Speaker of the House Nancy Pelosi announced official impeachment proceedings against President Trump today, and while the approaching political fracas may not be directly tech-related, it could have serious effects on several efforts at the federal level to rein in or otherwise influence the tech industry. Impeachment does not mean the government stops doing what…
San Francisco-based accelerator 500 Startups is expanding its executive team with the hiring of Tony Wang. Wang is joining the early-stage firm from Color Genomics, a venture-backed developer of genetic testing kits where he had served as chief operating officer since 2014. Prior to Color, Wang was the vice president of global partnerships and development…
Sentry, a startup that provides bug-monitoring software for app developers, announced today that it has raised a $40 million Series C led by returning investor Accel, with participation from New Enterprise Associates. The funding brings the San Francisco-based company’s total raised to about $66.5 million. Its last round of funding, a $16 billion Series B,…
Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission. The company’s team will be reduced to 19 people, a reduction that will affect over 100 employees, as it focuses on converting…
Engage:BDR announced today that it has raised $23.25 million in new funding. CEO Ted Dhanik told me that this includes both debt and equity funding, and will be used to grow the company’s NetZero payments program. NetZero is designed to address the ongoing issue of long delays faced by publishers before they get paid by advertisers.…
Twitter today says it’s expanding its policies to prohibit financial scams on its platform — something you’d think would have already been banned, but apparently was never directly addressed through Twitter’s policy documentation. Instead, financial scams until now have been handled through Twitter’s spam reporting tool which was expanded last year to specifically identify what…
