Amazon’s formidable presence in the world of retail stems partly from the fact that it’s just not a commerce giant, it’s also a tech company — building solutions and platforms in house that make its processes, from figuring out what to sell, to how much to have on hand and how best to distribute it — more efficient and smarter than those of its competition.
Now, one of the startups that is building retail technology to help those that are not Amazon compete better with it, has raised a significant round of funding to meet that challenge.
Relex — a company out of Finland that focuses on retail planning solutions by helping both brick-and-mortar as well as e-commerce companies make better forecasts of how products will sell using AI and machine learning, and in turn giving those retailers guidance on how and what should be stocked for purchasing — is today announcing that it has raised $200 million from TCV.
Relex is not disclosing its valuation but from what I understand it’s a minority stake, which would put it at between $400 million and $500 million.
Google LLC is highlighting some of the capabilities of its public cloud infrastructure after landing a major new customer: Telegraph Media Group Ltd., which publishes The Telegraph, one of the U.K.’s most popular newspapers.
The Telegraph said today it’s migrating its entire information technology infrastructure to Google Cloud Platform after using its G Suite productivity platform since 2008.
“We have always worked closely with Google as they help us to provide our readers with great experiences on our digital products, collaboration software and internet scale through search,” said The Telegraph Chief Information Officer Chris Taylor.
The newspaper said it believes that by running its operations on Google Cloud, it can deliver content faster, provide more compelling experiences for its readers and reduce its environmental footprint.
According to an unconfirmed report published Tuesday by TechCrunch, the round will be led by Chinese internet giant Tencent Holdings Ltd., somewhat ironic given that Reddit was banned in China in August. Other investors in the round may include Sequoia Capital, Andreessen Horowitz and Y Combinator.
Founded in 2005 by University of Virginia students Steve Huffman and Alexis Ohanian, Reddit bills itself as the front page of the internet.
The site, a sort of amalgam between social networking a la Facebook and old-school online forums, was acquired by Conde Nast in 2006 before being spun off as a standalone company in 2011 on a $200 million valuation.
Despite being a private company that does not disclose figures, Reddit is believed to have 330 million monthly active users over 150,000 subreddits.
If the law is passed, app owners will have to put in place "automated tools ...
Chinese apps such as video apps TikTok, Like and Helo have rapidly gained market share in India, with more of them taking over the top 10 most popular apps in the country's Android app store last year than in 2017, the report said.
CNBC contacted TikTok, Like, Helo and India's Ministry of Electronics and Information Technology for comments, but they did not immediately respond.
Raisin, the European fintech marketplace for savings and investment products, has raised €100 million ($114 million) in a series D round of funding from existing investors including PayPal, Index Ventures, Ribbit Capital, and Thrive Ventures.
This takes the company’s total amount raised to €170 million ($195 million), and follows its €30 million ($34 million) series C round back in early 2017 and an undisclosed strategic investment from PayPal that December.
Founded out of Berlin in 2012, Raisin leverages Europe’s banking regulations to allow anyone in the European Union to invest their money with any other bank in the bloc.
Initially, Raisin was only available to customers in its native Germany, but back in 2016 it expanded to create a Europe-wide savings marketplace that now spans 31 countries, allowing anyone to compare and contrast rates from different banks across the continent.
In the past, users could of course hit delete and the message would disappear from their own inbox, but that didn’t mean it was rubbed from the actual conversation for others.
There is a slight catch, however, in that users will only have ten minutes to make that decision.
The change is a consequence of a story broke by TechCrunch last year, which detailed how Chief Executive Mark Zuckerberg had given himself the executive power to change his mind and delete his own messages from other people’s eyes.
At the time, people had come forward and said that they had noticed that messages sent by Zuckerberg had mysteriously disappeared, showing to those people that there were holes in some conversations.
Instacart customers are quitting the service because the company is using customers' predelivery tips to fulfill the base pay minimum it guarantees delivery workers.
Instacart customers who feel tricked by the grocery delivery company’s tipping policy are threatening to stop using the service.
Last week, customers were surprised to learn that Instacart uses customer tips to cover its guaranteed $10 per delivery minimum payment to drivers, which means that in some cases, the more a customer tips, the less the company has to pay.
That’s why Tamir Pardo — who served as chief of Mossad, Israel’s elite security intelligence service, between 2011 and 2016 — two years ago cofounded XM Cyber, a startup that claims to have pioneered the first platform capable of simulating, validating, and remediating advanced persistent threats (ATP) with artificial intelligence (AI).
XM Cyber CEO and cofounder Noam Erez said it’ll use the funding to “accelerate [XM Cyber’s] strong growth” through expanded sales, marketing, and engineering programs.
“In this era of hyper-sophisticated cybercrime, our solution demonstrates that organizations should be asking themselves [if their assets are secure], as there are a plethora of ways hackers can compromise them,” he said.
Google lost control of several million of its IP addresses for more than an hour on Monday in an event that intermittently made its search and other services unavailable to many users and also caused problems for Spotify and other Google cloud customers.
The new version announced early today, which is based upon the OpenStack “Rocky” community version, improves integration with OpenShift, Red Hat’s own version of Kubernetes, and features better support for bare-metal deployments and improved automation.
OpenStack is Red Hat’s platform for organizations and service providers that want to run a hybrid cloud infrastructure consisting of common elements that run both on-premises and in public clouds.
“We’ve made it extremely simply to expand and integrate container workloads in the same application,” said Ron Pacheco, director of product management for Red Hat Enterprise Linux.
The new release reduces the number of overlay networks that are required for communication between “pods,” which are containers that share storage or network resources and common runtime specifications.
The chips, which are about the size of a grain of rice, are usually implanted beneath the skin between the thumb and forefinger and use radio-frequency identification (RFID) technology to allow people to replace physical key cards, IDs and even train tickets.
Designed by Pierpaolo Lazzarini from Italian company Jet Capsule.
Slightly over two years since going public, information technology management software firm Apptio Inc. is going private again via a $1.94 billion acquisition from private equity firm Vista Equity Partners.
The deal will see Apptio shareholders receive $38 per share, a 53 percent premium to Friday’s closing price of $24.85.
According to Marketwatch Sunday, the price is below Apptio’s all-time closing high of $41.23 but is still above the price of shares over the longer term.
The agreement includes a 30-day “go-shop” period that allows Apptio’s board and advisers to consider alternative offers, meaning the Vista deal may not be final if another party offers a better deal.