Before its IPO, Groupon promised investors that it was going spend more money on data centers.
But its cash flow is brutally tight. Even with the $700 million it raised in its IP), it doesn't have the cash to build its own data center, says BetaBeat.
The company had $243.9 million in cash and equivalents when September closed, according to the Motley Fool.
Hewlett-Packard has lowered expectations for one of its biggest bets, called the Machine. The new version may actually be more promising.HP, which is splitting into two separate companies on Nov. 1, last year announced the Machine with great fanfare.
CEO of Toyota Research Institute, who was formerlyshow Toyota's ambition may go far beyond justmaking safer cars. It rather sounds like Toyota wants to transform itself into a massive software maker that spans multiple industries.1 trillion km per year of potential real-world data" to work with.
If it seems like a new, billion-dollar tech unicorn is born every week, you’re not imagining things.The number of private tech companies valued at $1 billion or more worldwide has surged so much this year that on average 1.3 unicorns have been created every week in 2015, according to data from CB Insights.
Weebly has hired former Path CFO and Google finance executive Kim Jabal as its first finance chief.Weebly was founded in 2007 and has grown into aglobal platform that allows users to easily create unique websites, blogs, and online stores.The San Francisco-basedtech startup raised $35 million in April 2014, for a valuation of$455 million.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
It was also reportedly used by financial investigators to track Bernie Madoff's Ponzi scheme.Palantir just disclosed in an SEC form that it has raised a huge round of investment. It issued $500 million worth of stock and has sold $450 million so far.
For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram, and Snapchat and their passionate followers. The Viacom-owned channel's talent search is one way traditional TV networks are recruiting internet personalities to build audiences.
Britain's biggest retailer Tesco has confirmed it has scrapped the planned sale of its Dunnhumby data and loyalty unit. In the supermarket's lousy first half results posted Wednesday, in which its interim profits more than halved, Tesco said it would retain Dunnhumby following a "comprehensive strategic review.
Sometime in the not-so-distant future, getting a checkup will be very different. When the doctor writes down your symptoms, it will be cross-checked with others in your area, making it easier to identify outbreaks and epidemics sooner. If you complain of shortness of breath, your phone’s heart rate monitor will instantly report how well your heart has functioned over the last month.
Following yesterday's news about crowdfunding platform Patreon getting hacked , with user details including names and addresses being among what was stolen, now comes the sad discovery that the data — nearly 15GBs worth — has been leaked online.
Facebook is developing advanced telecommunications, complete with autonomous laser-firing drones, and it is doing it as if it were a big software project.That may be a more daring idea than solar-powered planes that fly for three months at a time, which the company detailed on Thursday at a news conference at its Silicon Valley headquarters.
The FCC has dismissed a petition filed by California nonprofit Consumer Watchdog, asking the commission to require "edge providers" to honor Do Not Track requests. The group named Google, Facebook, YouTube, Pandora, Netflix and LinkedIn as examples of edge providers, which means it wants these websites to allow people to use their services without giving them their data in exchange.
LAS VEGAS — Amazon Web Services doesn’t just want to dominate the global business in selling computing online. It also wants to be the rarest thing of all in the technology industry: a long-lived company.
If Cisco Systems’ new chief executive has his way, in a couple of years he will have a very different company.In his first big public statement since he took the helm in July, Charles H. Robbins said Cisco would move away from selling individual switches and routers — the plumbing of the Internet and other modern communications systems.
This past week, Tesla pulled the cover off its hotly anticipated new crossover SUV , the Model X. Elon Musk's startup electric-car maker threw a very big, very Tesla party in Fremont, California, where Tesla's is headquartered and operates its main factory. We already knew pretty much everything about the Model X, but seeing was definitely believing.
If you aren't impressed with the 23 megapixel camera sensors on some of the highest end smartphones, then this one might just knock you off your feet. Of course, it isn't going to be used on a smartphone, or any small device for that matter. This 3.2 gigapixel camera will be the digital eye of the Large Synoptic Survey Telescope (LSST) on top of the Cerro Pachn mountain in Chile.
AppDirect, a San Francisco-based startup, has raised $140 million in a round led by a fund advised by JPMorgan Chase. That round values the company at $1 billion as it furthers its master plan to be the middleman of choice in the exploding cloud-software business. This big round comes only seven months after AppDirect raised $50 million in a deal led by Mithril Capital Partners.