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In a ban that would be the first of its kind to go into effect in the United States, SanFrancisco has voted to prohibit the sale of eCigarettes. While the law is reportedly geared toward all eCigarette firms, the report noted that the legislation “has to feel personal” for SanFrancisco-based Juul Labs Inc.
He is the cliché of a profession that has a lot of suede sheen on it, but at least one company is in the market to bring used car sales into the digital future. “We It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4
Momentum Machines introduced its fully autonomous burger bot in 2012, and now, with news of an $18 million venture capital funding round , it’s one step closer to opening its flagship SanFrancisco restaurant based around the prototype, which has been in the works since June of last year. Whenever it finally comes to fruition.
Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The latest infusion of cash came from TSG Consumer Partners , a SanFrancisco-based private equity company.
That trend continues this week, with some SanFrancisco-grown AI thrown into the mix. Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. This Read More.
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.
Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior. WSJ quoted David Hoppe, a technology and media lawyer at Gamma Law in SanFrancisco who is not involved in the case, as having said the ruling hurts Epic. A federal judge Friday (Oct.9)
Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. According to a report by CNBC , Revolut is likely to seek a charter with the Federal Reserve Bank of SanFrancisco and California’s Division of Financial Institutions. banking license.
Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.
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 technologiesmarkets. Menlo Ventures said the fund was oversubscribed, with existing investors and new ones participating.
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.
Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. Roger was founded by two Danes and has offices in Copenhagen and SanFrancisco. Terms of the transaction were not disclosed. FLEETCOR is based in Atlanta.
“We are excited to partner with Shift and its world-class management team as it leverages its technology platform to disrupt the $840+ billion used car market,” said Daniel Cohen, chairman of the board of directors of Insurance Acquisition Corp. Merging with Insurance Acquisition Corp.
Part of Alibaba’s investment would go to buying up some of the Grab stock owned by SanFrancisco-based Uber Technologies , sources told Bloomberg. An investment by Alibaba’s could boost the growth of Lazada in its fight for market share with Tencent-backed Shopee, Bloomberg reported.
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 told Reuters earlier in March that it has talked to investment banks about a possible stock market listing. million, according to Reuters.
According to a Fintech Finance report, Gottschalk will be based in SanFrancisco and will focus on strengthening the fund via investment opportunities in the region. Gottschalk comes to Santander InnoVentures from Blumberg Capital where he was principal for seven years based in SanFrancisco.
It is in locations like SanFrancisco and Miami but less so in Philadelphia. Because of strong corporate earnings and substantial employment, the office market is getting a reprieve from a full-fledged downturn. Thus, building lessors have not yet had the chance to adjust the size of their actual needs.
Owning Kindred Systems of SanFrancisco and Haddington Dynamics of Las Vegas will help Ocado tackle “one of the world’s hardest challenges in robotics, the picking and packing of groceries,” the company said in a press release on Monday (Nov. Ocado , a U.K.-based Although Ocado only claims 1.7
” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. stores with the technology this year. Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. Customers can place their beer orders via the 7Now app.
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. Zomato was valued at $3.55 billion earlier in January and started in 2008.
The SanFrancisco Bay area, which includes Silicon Valley, has taken among the biggest hits as more than 25,500 jobs were shed at mega-companies including Uber Technologies Inc., He said coronavirus has caused investors to turn their backs on companies seeking less than $100 million. Groupon Inc. and Airbnb Inc.,
Rental car giant Hertz recently announced it teamed up with startup Shift Technologies , said Fortune. Shift Technologies is an online used-car marketplace. Under the new deal, Shift Technologies will feature and sell used vehicles from Hertz’s rental inventory, giving Hertz access to an additional retail sales channel.
What COVID-19 did change, however, is the urgency with which the market was addressing this problem. With that in mind, SanFrancisco-based Carbon Health is working on a more accessible and more digitally enabled healthcare ecosystem. It is why Carbon plans to expand aggressively. Ecosystems, he said, aren’t built in a day.
From Rent the Runway to McDonald’s , retailers are tapping into a world of technology that lets customers make transactions without visiting a cashier. These are just some of the ways that merchants are using digital innovations to better serve their customers with the help of kiosk and unattended retail technology: .
Today, there are 26 locations in Seattle, New York, Chicago and SanFrancisco, though several are temporarily closed. Amazon has expanded its grocery businesses to get a bigger foothold against Walmart and Kroger, the market leaders, analysts say. the Times reported. But Amazon points to its hundreds of thousands of U.S.
Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. With the ubiquity of smartphones, people expect to have access to data and be notified on these devices,” said Ray Almgren, chief marketing officer at Swift Sensors. trillion in 2024.
Square , the SanFrancisco-based ePayment company, recently started holding 30 percent for every transaction for four months “to protect you and Square from unexpected loss events,” according to WSJ. Now, the Tacoma, Washington, portrait studio is facing another challenge. Hudson told WSJ she plans to drop the company.
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.
Though SanFrancisco startup Zippin has gotten lots of press for being the first cashierless convenience store to compete directly with Amazon Go, Zippin CEO Krishna Motukuri wasn’t hoping for a direct confrontation with the world’s largest eCommerce player when he first started thinking about unmanned stores.
Opendoor , a SanFrancisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company, Bloomberg reported. Since then, its 21 markets have reopened. Opendoor is in advanced talks with Social Capital Hedosophia Holdings Corp.
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.
The company currently has offices in New York, New Jersey, SanFrancisco and Las Vegas. The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” Robins said. “I
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.
Four years ago, the eCommerce giant’s venture capital fund invested in the Seattle-based company and gained access to the technology startup’s finances and other confidential information. Daniela Braga , founder and CEO of DefinedCrowd Corp., a data platform for artificial intelligence (AI), has a beef with Amazon Inc.,
Pixlee , a SanFrancisco-based startup, allows retailers or brands to market directly to customers by using their own photos through curating them from social media or having the customer directly submit them for use, which the company says leads to a more authentic and engaging shopping experience for consumers.
SanFrancisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. We have deployed a combination of latest technologies and accounting expertise. 24) that its solution officially launched over the weekend.
A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. The lawsuit by SC Innovations, Sidecar’s successor, has been allowed to go forward by Judge Joseph Spero in SanFrancisco.
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.”
WhereIsMyTransport, a mapping startup that works to outline public transport routes in emerging markets, has raised $7.5 In emerging markets, the mobility ecosystem is complex; informal public transport doesn’t behave like formal public transport. million in a Series A funding, according to a report by TechCrunch.
Some of the benefits include faster entry into new markets, lower operational costs, faster speed and end-to-end visibility over a payment’s journey. “By By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently,” said Asheesh Birla, senior vice president of product at Ripple. “All
Technology is the new norm for restaurant customers worldwide — especially if those customers happen to live in Asia or the Middle East. This doesn’t mean that North American customers aren’t pining for mobile ordering options — especially the millennial market. In another restaurant technology survey of U.S. While the U.S.
The banks have also agreed to share data on emerging markets. 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. “I As reported, Singapore has been working on other cross-border initiatives as well.
In a new digital real estate game called Upland, players can buy virtual versions of properties in SanFrancisco, Cointelegraph reported. The idea of tapping into the blockchain to support a digital property market isn’t entirely novel. Decentraland, in one case, sold over $1 million in digital real estate.
leads the rest of the world in the total value of FinTech investment due to the large amount of funds available to invest in the market, with investors focusing on late-stage, clear front-runner FinTech companies,” said KMPG U.S. The company said it will also look to expand into new markets. According to KPMG’s U.S.
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