Duncan Riley
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The drought in successful tech initial public offerings (IPOs) may be officially over as shares in cloud information technology management software firm Apptio Inc. surged on their debut Friday on the Nasdaq exchange. Shares in Apptio, offered at $16, surged as high …
Google’s Daydream virtual reality platform gets real
Google Inc. launched its virtual reality (VR) software development kit (SDK) out of beta Thursday with support for its Daydream VR platform. The new official release adds native integration in Google’s VR platform for the Unity game development platform enabling Daydream developers …
12-year-old cloud tax solutions provider Avalara raises $96M
Software-as-a-Service (SaaS) tax solutions provider Avalara Inc. has raised $96 million in a round that included Sageview Capital, Battery Ventures, Warburg Pincus and Technology Crossover Ventures. According to reports, $50 million of the raise will go towards further expansion, while the remaining …
Grab signs deal with nuTonomy for self-driving taxis in Singapore
Southeast Asian Uber Technologies Inc. rival GrabTaxi Holdings Pte Ltd. has entered the self-driving car space with a new deal with nuTonomy that will see the two companies roll out self-driving taxis in Singapore. NuTonomy first rolled out its driverless taxi trial …
Yahoo admits hackers stole account details of 500M+ users
In one of the largest hacks in history, Yahoo Inc. admitted Thursday that hackers were able to obtain the account details of more than 500 million users in a 2014 breach. The breach raised speculation about the potential impact on the Internet …
CloudFlare rolls out TLS 1.3 encryption support for all customers
CloudFlare Inc. wants to put an end to the unencrypted internet with the rollout of a new suite of features including TLS 1.3, Opportunistic Encryption and Automatic HTTPS Rewrites. Leading the announcement is support for TLS 1.3, the latest version of Transport …
Twitter signs deal with Bloomberg to stream presidential debates
Twitter Inc. has signed an agreement with Bloomberg L.P. to stream the forthcoming U.S. presidential and vice presidential debates, its latest foray into becoming an online live streaming video service. Under the deal, Twitter will stream Bloomberg live broadcasts starting Monday, Sept. …
Shares surge in IPO of ad tech platform The Trade Desk
Shares in advertising technology platform provider The Trade Desk Inc. surged in their stock market debut Wednesday, closing the first day of trading on the NASDAQ at $30.10, up 67 percent from an initial list price of $18. The company, which offers a …
McLaren denies reports it’s in acquisition talks with Apple
McLaren Technology Group has been forced to deny reports it is in talks either to be taken over or to take a strategic investment from technology giant Apple Inc. The denial follows an unconfirmed report from The Financial Times that claimed that …
Southeast Asia Uber rival Grab raises $750m Series F on $3b valuation
Southeast Asian Uber Technologies Inc. rival GrabTaxi Holdings Pte Ltd (Grab) has raised $750 million Series F in a round led by Sotfbank. According to Forbes, the round was raised on a $3 billion valuation. Founded in 2011, Grab (the company has …