Square, the San Francisco e-commerce start-up, plans to raise at least $100 million in a new round of venture capital funding, according to a person briefed on the investment.The new round of financing would value the San Francisco-based start-up at $6 billion, said the person, who spoke on the condition of anonymity because the talks were private.
David Gelles and Michael J. de la Merced report that across Silicon Valley, start-ups, already flush with cash, are piling on the investment dollars.Of the 100 largest venture capital rounds on record, 88 were issued within the past five years, according to CrunchBase, which tracks venture funding. Each delivered more than $50 million to the companies.
Google announced today that it bought Divide, a company that makes a popular app that lets you securely access corporate documents and email from your phone. Terms of the deal were not disclosed, but Divide, founded in 2010, has raised $23 million from venture investors including Google's own VC arm, Google Ventures.
Wall Street has finally found an adtech IPO that it actually likes. Maybe even loves. Rubicon Project, the giant online ad server, went public today at $15 and by mid-afternoon the stock was up 36% to $20.52. The sale raised $101.5 million from 6.8 million shares. Rubicon will get $81.
Buried in the report is the following table that lays out everything Apple has done since 2012 that points toward it releasing some sort of wearable device like an iWatch:Morgan Stanley has a big report out today on the "Internet of Things."
Morgan Stanley analyst Katy Huberty says Apple’s upcoming smartwatch will experience a “halo effect” as a result of the soaring popularity of the iPhone, in the same way the iPod helped drive the success of Mac computers in the early 2000s.And it's easy to see why: Among iPhone owners, Apple's smartphone is more popular than ever.
An entrepreneur comes up with an idea, builds a company, and sometimes she'll raise capital for that business via an initial public offering or (IPO). In recent years, we've seen some big tech IPOs in the social media space like LinkedIn, Facebook, and Twitter. Based on anecdotes, some folks have gotten nervous that we may be repeating the dotcom bubble of the late 1990s.
It hasn't done anything in terms of releasing new products so far this year.As a result, there isn't going to be much to talk about with Apple.Presumably, it's quite busy working on stuff at its HQ. But, this is a bit of a let down since last year Tim Cook said there would be new Apple products "across 2014." It seems like "across 2014" has turned into the end of 2014.
New research data compiled by Morgan Stanley Research (and relayed by Business Insider) reveals that when it comes to brand retention in the smartphone industry, Apple remains the top dog. On average, Morgan Stanley found that 90% of iPhone owners remain loyal to Apple as compared to 77% for Samsung and 58% for Nokia.
Mobile payments startup Square did not try to sell itself, according to one of its board members, Roelof Botha of Sequoia Capital.At the TechCrunch Disrupt conference today, Botha said the payment company has not tried to sell itself in recent months,He also said the company is doing fine and that it did not shelve any IPO plans.
Arista Networks, a company in the networking industry that just filed paperwork for an IPO , is worth watching. Arista was founded in 2005 and has been gaining momentum since 2008, when it lured away one of Cisco's top engineers, Jayshree Ullal, to be its CEO. Prior to Arista, Ullal ran Cisco's bread-and-butter routing, switching business, leading it to $10 billion in annual revenue.
Time flies! Next Tuesday is July 22, and that's the day that we'll hear from Apple executives about how the company did in its third fiscal quarter ending June 30, 2014. As usual, TUAW will liveblog the earnings call beginning at 5 PM ET, and you can listen in on the proceedings via Apple's livestream .
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.
OneOnemay occupy all of today's headlines, but there's anotherOnethat wants some of your attention. OnePlus, the outfit founded by former Oppo VPPete Lau, has announced that it'll whip the covers from its "perfect"Android smartphoneon April 23rd. Even at this late stage, however, the company is tweaking the spec list for the device -- swapping in aSnapdragon 801for just a little bit extra power.