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 expands its grocery delivery service to more than 400 US cities and towns
The service now covers major markets like San Francisco, New York City and Washington DC Kris Holt Contributor Share on Twitter Kris Holt is a contributing writer at Engadget......»»
Blackstone acquires majority stake in Simplilearn for $250 million
Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million. Simplilearn operates an eponymous online bootcamp to help people learn data science, AI, machine learning, cloud comput.....»»
Uber was fined $59 million over sexual assault data. Now it may pay just $150,000
Uber has struck a deal with a California regulator that would drastically reduce a substantial fine against the company for failing to hand over data on sexual assault incidents on its platform......»»
Reliance Retail acquires controlling stake in Just Dial for $469 million
Reliance Retail said on Friday it has acquired a controlling stake in 25-year-old Indian search and discovery firm Just Dial for $469 million. The Indian retail giant, which leads the market, said it has acquired 41% stake in Just Dial for $469 milli.....»»
SPACs keep rolling as autonomous vehicle startup Aurora targets blank-check debut with $13B valuation
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. The deal announced Thursday confirms Tec.....»»
Lyft is bringing back a version of shared rides
Shared rides were a key part of how the founders of Uber and Lyft envisioned disrupting transportation. Back in 2014, the companies raced each other to be first to announce their carpooling options, with the promise of creating a more efficient servi.....»»
Toyota’s Woven Planet acquires HD mapping startup Carmera
Woven Planet Holdings — an entity created by Toyota to invest in, develop and eventually bring future of transportation technologies like automated driving to market — has acquired HD mapping startup Carmera for an undisclosed amount. The announc.....»»
Events platform Bevy acquires Egypt’s Eventtus to scale its offering for enterprises
It’s been fascinating to watch the development of Eventtus, a startup I came across many years ago on my travels in the Middle East, finding them at the Rise-Up Summit in Cairo in 2012. Then, it was two young women who’d taken the Silicon Valley.....»»
Mobile.dev launches with $3M seed to catch app issues pre-production
As mobile developers build apps, they push them out into the world and problems inevitably develop, which engineers have to scramble to fix. Mobile.dev, a new startup from a former Uber engineer, wants to flip that story and catch errors before the a.....»»
Perch acquires Web Deals Direct for $100M+ to boost to its Amazon roll-up play
On the heels of raising $775 million earlier this year, Perch has made a big acquisition that will bring on a number of new brands and operations infrastructure to enhance its position in the race to roll up smaller merchants that sell and fulfill sa.....»»
Whisper Aero emerges from stealth to quiet drones and air taxis
The skies are on the cusp of getting busier — and louder — as drone delivery and electric vertical take-off and landing passenger aircraft startups move from moonshot to commercialization. One former NASA engineer and ex-director of Uber’s.....»»
Uber and Lyft Can"t Find Drivers Because Gig Work Sucks
An anonymous reader quotes a report from Motherboard: You may have noticed recently that an Uber ride is more expensive than it used to be. As ride-hail companies Uber and Lyft hike prices to record heights during the COVID-19 pandemic, much commenta.....»»
ZeroFox acquires dark web threat intelligence company Vigilante
ZeroFox, a cybersecurity startup that helps companies detect risks found on social media and digital channels, has announced it has acquired dark web threat intelligence company Vigilante. Vigilante — not to be confused with the controversial cri.....»»
Chinese-owned Firm Acquires UK"s Largest Semiconductor Manufacturer
The UK's largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of com.....»»
Uber, Lyft Sweeten Job Perks Amid Driver Shortage, Lofty Fares
A shortage of drivers in the U.S. is propelling prices for Uber and Lyft rides to record highs and pushing the services to rethink how they attract gig workers. From a report: Uber and Lyft are pouring millions of dollars into incentives for drivers.....»»
Swedish gaming firm MTG acquires India’s PlaySimple for $360 million
Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in.....»»
Swedish gaming giant acquires India’s PlaySimple for $360 million
Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in.....»»
Nowports raises $16M to build the OS for LatAm’s shipping industry
Nowports, an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the.....»»
Barracuda acquires Skout Cybersecurity to enter the XDR market
Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. The deal, the terms of which were not disclosed, will see the California-based cybersecurity vendor ent.....»»
Uber’s first head of data science just raised a new venture fund to back nascent AI startups
Kevin Novak joined Uber as its 21st employee its seventh engineer in 2011, and by 2014, he was the company’s head of data science. He talks proudly of that time, but like all good things, it ran its course and by the end of 2017, having accompl.....»»