the former Uber CEO who was shown the door in June last year amid a series of major controversies
, has already found his next leading role following his announcement of a new investment fund just weeks ago
Kalanick said on Twitter that his fund would be investing $150 million to take a controlling interest in City Storage Systems, or CSS. He will also be running the company as CEO, according to Recode
. It’s a holding company focused on redevelopment of distressed real estate. Kalanick resigned from Uber
after facing a lawsuit with Waymo over trade secrets, an ongoing battle with existing shareholders Benchmark Capital, and the fallout from a harassment probe led by former attorney general Eric Holder
. Uber brought on new CEO Dara Kosrowshahi in August last year
Travis announced that he would be starting a new fund with his windfall from Uber shares sold in
Continue reading "Travis Kalanick is already back running a company with a $150M investment"
After previously investing in Mulesoft
, it looks like Salesforce
may finish off the deal and is in advanced talks to acquire the data management software provider altogether, according to a report from Reuters this morning
works with companies to bring together different sources of data like varying APIs. That’s important for companies that have data coming in from all over the place, whether that’s online applications or actual devices, and the company says it has Netflix and Spotify as customers. It would also give Salesforce another piece of the lock-in puzzle for enterprises that need to increasingly manage larger and larger pools of data as they look to start pumping out machine learning tools that can act on all that data.
As usual, these talks could fall apart — we saw this happen with Twitter a few years
ago after the company looked at buying what was essentially
Continue reading "Salesforce is reportedly in talks to acquire Mulesoft and the stock is going nuts"
Another huge financing round is coming in for an AI company today, this time for a startup called Mythic
getting a fresh $40 million as it appears massive deals are closing left and right in the sector.
Mythic particularly focuses on the inference side of AI operations — basically making the calculation on the spot for something based off an extensively-trained model. The chips are designed to be low power, small, and achieve the same kind of performance you’d expect from a GPU in terms of the lightning-fast operations that algorithms need to perform to figure out whether or not that thing your car is about to run into is a cat or just some text on the road. SoftBank Ventures led this most-recent round of funding, with a strategic investment also coming from Lockheed Martin Ventures. ARM executive Rene Haas will also be joining the company’s board of directors.
Continue reading "Mythic nets $40M to create a new breed of efficient AI-focused hardware"
is looking to add a new test to its line of genetic testing, this time focusing on hereditary factors that may affect a person’s chance for being prone to cardiovascular complications like arrhythmia and cardiomyopathy.
Called the heart health test, Color’s new test looks to isolate the genes that can be partially responsible for heart-related conditions that may have a hereditary component. Color says the test analyzes 30 genes that contribute to the structure and rhythm of a healthy heart to determine if there may be any hereditary factors that could lead to heart complications down the line. VP of clinical operations Scott Topper acknowledged that hereditary factors certainly aren’t the only
factors that might play into cardiovascular complications like arrhythmia, but there has been enough research to show that the potential hereditary genetic components that lead to those conditions is impactful enough to warrant building a test for
Continue reading "Color rolls out a test to try to search for hereditary risk for heart conditions like arrhythmia"
is looking to continue to increase its portfolio of ads, though sometimes that can take a little while to see the light of day — and that includes a new-ish tool called Shopping Ads that’s slowly getting opened to more marketers and advertisers.
Getting new ad formats is important for a smaller company looking to build out an advertising business, as it has to show potential advertisers it can offer an array of tools to play with as they experiment with that service. The company said today that it’s expanding those shopping ad tools to hundreds of additional advertisers after launching a pilot program last year as it looks to continue to ramp up that tool. Pinterest has to be able to convince marketers that it should be a mainstay advertising purchase alongside Facebook and Google, which are able to routinely show returns in value for their advertising spend.
Continue reading "Pinterest is slowly rolling out its automated shopping ads to more marketers"
Autonomous vehicles are increasingly becoming the shiny object in Silicon Valley. But the opportunity doesn’t just extend to cars driving around the streets of a major metropolitan area, and Igino Cafiero and Aubrey Donnellan hope to take it somewhere a little less obvious: the middle of an orchard.
Cafiero and Donnellan are building an autonomously-driven tractor as part of a startup called Bear Flag Robotics
. The pair argue that there’s increasingly a struggle to find enough labor to work on farms, and even then, the costs are continuing to rise over time — leading to a need to increase those efficiencies on the actual field in addition to a lot of new technology like satellite imagery and computer vision to analyze the health of plants. The first product for Bear Flag Robotics is a self-driving tractor, and the company is coming out of Y Combinator’s winter class this year.
Continue reading "Bear Flag Robotics wants to sell an autonomous tractor for farms"
Happy Saturday, everyone! While many things in the world are very bad today
, if you were on the Internet last night, you probably caught wind of a pretty cool historic moment in college basketball: UMBC — University of Maryland, Baltimore County — knocked off the overall number one seed in the annual NCAA men’s basketball championship tournament in an absolute landslide.
So, naturally, I absolutely had
to find the tech angle here, and if you owned a smartphone, you probably saw a series of extremely excellent tweets from UMBC’s twitter account, which went absolutely ballistic last night. So, we wanted to recognize the other star of the show: UMBC’s twitter account
. You probably would too if, as a 21-point underdog, beat what most consider the best team in the country. Most tweet compilations are not great, but this one is very
University of Virginia was absolutely crushed during
Continue reading "Amid the greatest NCAA basketball upset ever, a Twitter hero emerges"