Uber Freight acquires Transpace for $2.25B
Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital, according to regulatory filings. The deal announced Thursday will involve $750 million in Uber stock.....»»
Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preser.....»»
Uber shares fall despite revenue beat as its core operations continue to lose money
Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to generate positive adjusted E.....»»
After winning big in California, gig companies take their worker classification fight to Massachusetts
Last year, Uber, Lyft, DoorDash and Instacart succeeded in getting Californians to vote in favor of a ballot measure exempting them from classifying drivers and delivery workers as employees. Now, the companies are in the early stages of taking a sim.....»»
Cybersecurity trainer HackerU acquires Cybint for $50M, say sources
Florida-based HackerU, which creates cybersecurity and other digital skills programs, is acquiring Cybint, a SaaS-based cyber education company. TechCrunch sources understand this to be a $50M acquisition, though both companies declined to comment on.....»»
Gig companies take worker classification fight to Massachusetts through ballot initiative
A coalition of app-based ride-hailing and on-demand delivery companies including Lyft, Uber, Doordash and Instacart have filed a petition for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contracto.....»»
Uber Requires Nondisclosure Agreement Before Helping CarjackedDriver
An anonymous reader shares a report: Five months after he was carjacked while driving for Uber, resulting in thousands of dollars in damage to his car, David Morrow finally received an offer of assistance from the company: $1,000, the amount of his i.....»»
E-scooter company Fenix acquires Palm for $5M, gains entry to Turkish market
Abu Dhabi-based micromobility company Fenix has acquired Palm, a shared e-scooter company in Turkey, for $5 million – the exact amount the company raised last November and this past February during its seed round. Despite having not even raised a S.....»»
TuSimple’s self-driving truck network takes shape with Ryder partnership
TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder&#.....»»
Kaseya acquires decryption key "from trusted third party" after ransomware attack
Kaseya, the Miami-based software company at the centre of a ransomware attack which affected thousands of other businesses, says it has "obtained a decryptor" to unlock the victims' systems......»»
Zoom Acquires Five9, Qualtrics Acquires Usermind and More CX News
In this edition of the CX and marketing Newsbyte, Zoom acquires Five9, Qualtrics acquires Usermind, DemandScience acquires the Airborne app and news. Continue reading........»»
Freightify lands $2.5M to make rate management easier for freight forwarders
Freight forwarders often keep track of rates on spreadsheets they email to customers, but the pandemic has made that difficult because prices are constantly fluctuating. Freightify, a startup that refers to itself as the “Shopify for maritime freig.....»»
After going public via a SPAC, Taboola acquires e-commerce marketing network Connexity for $800M
Taboola, the company that operates a popular grid-based advertising and content recommendation network across media properties, today announced an acquisition to expand its reach further into e-commerce, its first big move since going public in June.....»»
Uber Freight acquires Transpace for $2.25B
Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital, according to regulatory filings. The deal announced Thursday will involve $750 million in Uber stock.....»»
Sophos acquires Braintrace to supercharge its threat detection capabilities
Thoma Bravo-owned Sophos has announced it’s acquiring Braintrace, a cybersecurity startup that provides organizations visibility into suspicious network traffic patterns. Terms of the deal were not disclosed. Braintrace, which was founded in 20.....»»
Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963M deal
A year and a half after Currencycloud raised $80 million in a round that included Visa, the London-based developer of APIs that powered remittance and currency exchange services is getting even closer to the financial services giant. Today, Visa anno.....»»
India’s BlackBuck valued at $1 billion in $67 million fundraise
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of startups that is digitizing the freight and logistics across India, has just attained the unicorn status after securing new.....»»
Microsoft Acquires Security Startup CloudKnox
Microsoft said Wednesday it's acquiring CloudKnox, a start-up whose software helps companies reduce the amount of access they provide to their cloud resources. Terms of the deal weren't disclosed. From a report: The move represents another step Micro.....»»
Superpedestrian acquires Navmatic to detect and control unsafe e-scooter rider behavior
Electric scooter operator Superpedestrian has announced its acquisition of Navmatic, a startup that helps micromobility operators locate vehicles and correct their movements in real time. The companies did not reveal the details of the buy, which was.....»»
YouTube acquires Indian social commerce startup Simsim
YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told TechCrunch the Indian startup was valued at over $70 mi.....»»
Uber’s grocery delivery service expands to more than 400 cities and towns
Uber has announced it's more than doubled the reach of its grocery delivery service, which now reaches more than 400 cities and towns across the U.S......»»