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Afresh Technologies has raised $13 million in a Series A extension round to expand its fresh food managementtechnology that helps grocers reduce food waste. The SanFrancisco-based startup also is welcoming food industry veteran James McCann to its board.
Twenty, 10, even six years ago, most (if any) had neither the technological capability nor the foresight to imagine the future of the homeshare and vacation rental industry. Airbnb eventually sort of settled with SanFrancisco back in 2015 — though it turned out to not be enough — and said it would better police its platform.
Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the SanFrancisco Bay area, the Financial Times (FT) reported. Uber, in turn, will earn a flat fee for managing the service, with a cap of $80,000.
EXCLUSIVE - On March 6 in SanFrancisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.
SigFig, a SanFrancisco-based robo advisor, partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors, it was announced today. The tools will “complement” the existing expertise of UBS advisors, and not form a separate automated platform, SigFig said.
EXCLUSIVE – Shari Van Cleave, who manages Wells Fargo’s Digital Labs, has joined the speaker faculty for Bank Innovation 2018 Bank Innovation 2018 will take place March 5-6 in SanFrancisco. Within Wells Fargo’s Digital Labs, Van Cleave manages a team of technology leaders to pilot various endeavors in consumer banking.
Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in SanFrancisco.
Menlo Ventures , the Silicon Valley venture capital firm, closed a new $450 million venture capital fund aimed at investing in early stage companies focused in the consumer, enterprise and so-called frontier technologies markets. The expansion to SanFrancisco will strengthen our partnerships with the next generation of entrepreneurs.”.
Digital expense management company Expensify launched a corporate card this week, building on its automated transaction tracking technology. The card offers business customers a new tool to manage expenses and adds to the data repository that will help Expensify tailor customer experiences.
SanFrancisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. The company pointed to Northwell Health in Illinois, the University of Massachusetts Amherst and Gavi , the Vaccine Alliance.
The SanFrancisco Chronicle , citing a letter to the California Employment Development Department sent by Apple, reported the layoffs are happening at Project Titan , its self-driving car unit. The firm speculated then that the Project Titan self-driving car unit would be shuttered, reported the SanFrancisco Chronicle.
IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Merging with Insurance Acquisition Corp. Securing that capital is even more complicated than the IAC merger.
“Our partnership with Jack Henry helps us bring Plaid Exchange to hundreds of regional and community banks, and helps ensure millions of people can access digital finance apps and services no matter where they choose to bank, invest and manage their money,” Karvounis added.
SanFrancisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon said Emmanuel DeSousa, managing partner at Princeville Capital, joined its board following the transaction. million, according to Reuters.
Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. Bowman remarked at an event, held at the Federal Reserve Bank of SanFrancisco, that the Fed could foster collaborative action between those smaller banks and FinTech firms. “In
SanFrancisco-based Salesforce is gearing up for expected COVID-19 vaccination campaigns by setting up Work.com for Vaccines, which will “help governments and healthcare organizations more safely and efficiently manage vaccine programs,” the company said in a press release.
Cubic said that some of the contactless technology , software and equipment developed for Sydney will be in Cubic projects that will be rolled out over the course of the next few years in cities such as New York, Boston, and SanFrancisco. That is being made possible by recent contract wins by the company.
In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and SanFrancisco tech centers, Livemint reported. of India (NPCI).
billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Three years after it paid $13.4 And it’s not stopping there. the Times reported.
DoorDash , the SanFrancisco-based prepared food delivery service, is planning to go public by year’s end, Bloomberg reported, citing sources. Palantir Technologies Inc., and Unity Technologies Inc. The food delivery giant’s plans for an initial public offering (IPO) come as Airbnb Inc, Asana Inc., Snowflake Inc.,
In other news, Fidelity’s Center for Applied Technology (FCAT) announced the completion of trials involving a new digital token that will reward employees for performance and attendance. And IBM has won a blockchain patent that would stop drones from stealing packages from consumers.
Tally had its test run at a Target store in SanFrancisco, although the company has not announced plans to expand as of yet. Brain Corp has taken its robotics technology to Ahold Delhaize , a consortium that includes Giant Foods, Martin’s and Stop & Shop supermarkets. COVID-19 would certainly fill the bill.
Amazon Web Services (AWS) has announced the launch of Secrets Manager , which will be used to safely store important company information, including passwords. Managing application secrets like database credentials, passwords or API keys is easy when you’re working locally with one machine and one application.
Stripe , the SanFrancisco-based company which works to build economic online infrastructure, announced in a press release that Mike Clayville , a 36-year sales veteran of companies like Amazon Web Service (AWS), VMware and BEA Systems, would be joining to help grow the company’s global sales organization.
Startup mRelief, which helps low-income workers access food stamps, is teaming up with food delivery startup DoorDash to offer DoorDash credit to people eligible for food stamps in SanFrancisco, according to a report in TechCrunch. Last year, the startup debuted an end-to-end process to aid food stamp enrollment in SanFrancisco.
SanFrancisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. “With HostBooks, accounting professionals can manage their clients and records anytime, anywhere. . We have deployed a combination of latest technologies and accounting expertise.
is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. The Wall Street Journal reported that Verint has offered to pay NSO’s controlling shareholder, SanFrancisco-based private-equity firm Francisco Partners , with its own stock and assumed debt.
One Medical , a conglomerate of technology-driven primary care offices backed by Google’s Alphabet , has filed an initial public offering (IPO), One Medical announced on Friday (Jan. One Medical is backed by technology and management firm 1Life Healthcare and will trade under the symbol “ONEM.”
18), a SanFrancisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. Visa’s journey from a single bank in SanFrancisco that issues 60,000 BankAmericards to a network of 16,000 FIs all over the world that issues 3.3 Sixty years ago today (Sept. What’s Next.
Uber Technologies Inc. This acquisition brings together Uber’s expertise in on-demand, global mobility technologies with Routematch’s proven capabilities across paratransit, payments, fixed-route tools, and trip planning services,” said Uber Head of Transit David Reich and Routematch CEO Pepper Harward, in a joint statement.
This week, Uber and Lyft were told by SanFrancisco City Attorney Dennis Herrera to “turn over records on whether they classify drivers as employees or private contractors, as well as records on driver pay and benefits,” according to a statement from his office. And here come the subpoenas ….
Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. Salesforce Ventures . The SPAC Attack.
Payments and lending continue to attract the most funding globally, although we’re seeing increasing interest in a variety of technologies,” he stated. “In The SanFrancisco-based company said Octopus Ventures, EQT Ventures and OP Financial Group participated in the funding, which brings the total amount raised by Token to $18.5
According to Ripple , Blockchain Capital will focus on investing in entrepreneurial teams that are building businesses on blockchain technology. There are entire verticals — like healthcare or identity management — that could benefit from blockchain or distributed ledger technology.
Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.
Securities and Exchange Commission (SEC), the SanFrancisco-based company announced Monday (Aug. Wish’s filing follows a number of startups, including Snowflake, Palantir Technologies and Asana, seeking opportunities amid a crush of investors, Reuters reported. 31) in a press release.
Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the SanFrancisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A.
It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Data Management. Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean also participated in the round.
Visa has launched an online resource for small businesses (SMBs) designed to assist entrepreneurs expand their businesses and build stronger customer relationships, the SanFrancisco-based company announced Wednesday (June 24). It is active in more than 20 countries and designed to meet each region’s unique SMB needs.
trillion Wells Fargo has selected banking software provider nCino’s technology platform to streamline loan origination, account opening, business process management, customer engagement and instant reporting. The SanFrancisco-based bank serves one in three U.S.
The acquisition will see Kabbage take on 20 new team members in its SanFrancisco office, with Radius Intelligence CEO Joel Carusone also joining Kabbage to support the integration of the data analytics solution into its offering. In another statement, Carusone pointed to the role data plays in small business cash flow management.
Waymo announced that it will use its 3D mapping technology to figure out if its self-driving cars can navigate the heavy traffic congestion in Los Angeles. Waymo] vehicles will be in town exploring how [our 3D technology] might fit into L.A.’s Is it similar to SanFrancisco congestion, and the behavior of SanFrancisco?
To that end, earlier this month FinTech firm SoFi made the leap beyond SanFrancisco to Hong Kong, having bought online brokerage firm 8 Securities. billion (in cash and stock) to buy Galileo Financial Technologies, which focuses on payments and bank account infrastructure. The financial terms of the deal were not disclosed.
We chose Lumin Digital because of their new and fresh approach to how internet banking is handled through their innovative cloud-native technology,” said Amy Sink , chief executive officer, Interra. Lumin Digital was founded in 2016 and is headquartered in SanFrancisco.
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