Weengs, the U.K. logistics startup for e-commerce businesses that need a more convenient way of getting online orders to customers, has raised £6.5 million in Series A funding. Leading the round is venture capital firm Oxford Capital, with Weeng’s seed investors, including Local Globe, Cherry Ventures and VentureFriends, following on. Founded by Alex Christodolou and
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Remote driving startup Phantom Auto has raised $13.5 million of financing in a Series A round led by Bessemer Venture Partners — capital used to expand a logistics business targeting sidewalks, warehouses and cargo yards, all the places where autonomy and teleoperation are being deployed today. The startup, founded in 2017, has raised about $19
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Spotinst, the cloud automation and optimization startup founded in Tel Aviv but now with offices in San Francisco, New York, and London too, has acquired AWS partner StratCloud. Terms of the deal remain undisclosed, although I’m hearing it combines both cash and stock and was somewhere in the region of $5 million. As part of
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Pinterest priced shares of its stock, “PINS,” above its anticipated range on Wednesday evening, CNBC reports. The company will sell 75 million shares of Class A common stock at $19 apiece in an offering that will attract $1.4 billion in new capital for the visual search engine. The NYSE-listed business had planned to sell its
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Salesforce announced today it’s buying another company built on its platform. This time it’s MapAnything, which, as the name implies, helps companies build location-based workflows, something that could come in handy for sales or service calls. The companies did not reveal the selling price, and Salesforce didn’t have anything to add beyond a brief press
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The FCC has proposed to deny an application from China Mobile, a state-owned telecom, to provide interconnect and mobile services here in the U.S., citing security concerns. It’s another setback to the country’s attempts to take part in key portions of American telecommunications. China Mobile was essentially asking to put call and data interconnection infrastructure
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With air quality not improving any time soon (hello pollution!) respiratory conditions are on the rise. This has created an opportunity for startups to employ smartphones to monitor respiratory diseases with apps and smart devices. ResApp’s smartphone app, called ResAppDx, diagnoses a wide range of respiratory illnesses accurately by using cough sounds. Healthymize listens for
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How Bessemer’s bet on Dynamic Yield led it through the Golden Arches Five years ago, Dynamic Yield was courting an investment from The New York Times as it looked to shift how publishers paywalled their content. Last month, Chicago-based fast food king McDonald’s bought the Israeli company for $300 million, a source told TechCrunch, with
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EAT Club, the lunch delivery service that counts companies like Facebook, Postmates and others as customers, has acquired meal delivery service Taro. Financial terms of the deal were not disclosed. Taro’s business model worked by shipping pre-made meals directly to consumers. With the acquisition, however, Taro will no longer serve customers directly. Instead, it will
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