|February! Rabbit, rabbit, rabbit!|
Apple‘s cash pile is now a record $285.1 beellion.
Amazon just reported nearly $2 billion in profit, blowing past Wall Street’s fourth-quarter expectations for the company.
Alphabet‘s shares are tumbling after a fourth-quarter whiff.
Airbnb‘s CFO is out the door, and the company says it’s most definitely not going public this year. The Information reported recently that the exec, Lawrence Tosi, had been clashing with cofounder and CEO Brian Chesky.
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Astound, a 1.5-year-old, Menlo Park, Ca.-based enterprise service management company, has raised $11.5 million in Series A funding co-led by Vertex Venturesand Pelion Venture Partners, with participation from The Hive, Slack Fund and Moment Ventures. More here.
Avrobio, a 3.5-year-old, Cambridge, Ma.-based clinical-stage developer of gene therapies for rare diseases, has raised $60 million in Series B financing co-led by Cormorant Asset Management and Surveyor Capital. Other investors in the round include Aisling, Brace Pharma Capital, Eventide Asset Management,Morningside, Atlas Venture, SV Health Investors and Clarus Ventures. More here.
Bespin Global, a nearly three-year-old, China and South Korea-based cloud management company, has raised $27 million in new funding led by ST Telemedia, with participation from earlier investor Legend Capital. DealStreetAsia has more here.
CanvasPop, a nine-year-old, Ottawa, Ontario-based print service, has raised $3.3 million in seed funding led by Celtic House Venture Partners and BDC’s Growth & Transition Capital group. Numerous angel investors also joined the round. TechCrunch has more here.
Engine Biosciences, a Singapore-based biotech company that’s applying machine learning to genomics for drug discovery, has raised $10 million in funding co-led byDanhua Venture Capital and 6 Dimensions Capital. Other participants in the round include WuXi AppTec, EDBI, Pavilion Capital, Baidu Ventures, WI Harper and Nest.Bio Ventures. TechCrunch has more here.
Factmata, a 1.5-year-old, London-based company working on an AI-driven “anti-fake” news platform, has raised $1 million in seed funding, including from Twitter cofounder Biz Stone and Craigslist founder Craig Newmark. TechCrunch has more here.
Heilan Home Co., a China-based publicly traded menswear group, is reportedly raising up to $1.59 billion in a round that’s being led by Tencent Holdings and includes the e-commerce companies JD.com and Vipshop Holdings. In exchange for the investment, the syndicate will acquire less than 10 percent of the company, says Reuters. More here.
Igneous Systems, a 4.5-year-old, Seattle-based SaaS company that streamlines its customers’ massive file systems, as well as protects their data and makes it recoverable, has raised $15 million in Series B funding co-led by Vulcan Capitaland Orca Bay Capital. More here.
Organica Water, a 19-year-old, Princeton, N.J. and Budapest, Hungary-based wastewater recycling company, has raised $21 million in Series D funding led byCITIC Capital Silk Road Fund, with participation from earlier backer Idinvest Partners. More here.
Platterz, a 1.5-year-old, Toronto, Ontario-cased on-demand corporate catering platform, has raised $15 million in Series A funding led by Aleph, with participation from earlier investors AltaIR Capital and Globalive Capital. More here.
Pulse Labs, a year-old, Seattle, Wa.-based startup whose testing platform and panel of testers generates UX feedback on voice applications, has raised $2.5 million in funding led by Madrona Venture Group, with participation from Amazon Alexa Fund, Bezos Expeditions and Techstars Ventures. TechCrunch has more here.
Tamatem, a 4.5-year-old, Mountain View, Ca.-based mobile games startup that creates versions of popular titles so that they resonate better with users in Arabic speaking countries, has raised $2.5 million in Series A funding led by Wamda Capital, with participation from Discovery Nusantara Capital, Raed Ventures,Vision Venture Capital, and Seed Equity Venture Partners. TechCrunch has more here.
Wildmoka, a 4.5-year-old, Valbonne, France-based startup that wants to streamline video editing during live events, has raised $8 million in Series A funding led by Alven Capital, with participation from earlier backer Apicap. TechCrunch has more here.
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LDV Capital, a nearly six-year-old, New York-based venture fund that focuses primarily on visual technology startups, has closed on a new, $10 million seed fund that will be used to fund technical teams who leverage computer vision, machine learning and artificial intelligence to analyze visual data. Investors in the new fund include Instagram cofounder Mike Krieger and YouTube cofounder Steve Chen.More here.
OurCrowd, the five-year-old, Jerusalem-based equity crowdfunding platform, just announced its 13th fund, called ADvantage. The $50 million fund (that we’re not sure has already been raised) will be solely focused on sports tech, says OurCrowd. It was co-founded with leAD Sports, a sports tech accelerator backed by the Adi Dassler Family Office. More here.
Per Axios: “Hamet Watt, a serial entrepreneur (MoviePass, bLife) and board partner at Upfront Ventures, is launching a new startup foundry in Los Angeles called Share Ventures. Its first company is a stealthy effort co-founded by the foundry and actress Halle Berry, who yesterday told Upfront Summit that “the next evolution for me is becoming an entrepreneur.”
A new venture capital firm called Trust Ventures has launched with the support of the Koch brothers and it’s reportedly looking for startups that will challenge government corruption and regulations. Fortune has more here.
The company behind Pokémon GO, Niantic, has announced that it is acquiring augmented reality startup Escher Reality. Escher Reality builds backend services for cross-platform mobile AR so users can interact with each other and objects in the environment. TechCrunch has more here.
Intel reportedly plans to sell a majority stake in its augmented reality business, which aims to start offering smart glasses to consumers as soon as this year. Bloomberg has more here.
Former Stanford president John Hennessy has replaced Eric Schmidt as the chairman of Alphabet Inc. (You likely recall that Schmidt stepped down somewhat unexpectedly in late December.)
Jeff Immelt, who ran General Electric for 16 years as CEO, has joined New Enterprise Associates as a venture partner, the investment firm announced this morning.
Laurene Powell Jobs’s Emerson Collective is in talks to acquire a stake in BuzzFeed News, according to Bloomberg, which notes it wouldn’t be her first bet on the struggling publishing industry. In July, Emerson agreed to acquire a majority stake in the Atlantic.
Paul Willard has joined the venture firm Storm Ventures as a partner. Willard was most recently a partner with Subtraction Capital and, before that, served as CMO at both Practice Fusion and Atlassian.
Amazon is looking to add a principal to is corporate development team. The job is in Seattle.
All-women teams received just $1.9 billion — or 2.2 percent — of the $85 billion total invested by venture capitalists last year, according to PitchBook data. All-male teams meanwhile received about $66.9 billion from VCs —roughly 79 percent. Fortune looks at what’s up here.
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Understanding why Snapchat is now selling hats and sweatshirts inside its app.
“I just said a prayer and stayed the hell away” — an owner of the Instant Pot, the best-selling all-in-one cooking pot that has users feeling terrorized.
Standing desks really do help you lose weight.
Inside the final days of Time, Inc.