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Cisco acquires network security startup Observable Networks
Underscoring the ongoing market demand for security services amid a growing threat of cyber breaches and malicious hacking among businesses that are moving to cloud-based infrastructures, Cisco announced it has acquired Observable Networks, a company that provides real-time network behavior monitoring to help IT teams detect anomalies that might be related to security breaches. Read More
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Logitech picks up gaming hardware maker Astro for $85M
Logitech is expanding its territory in the rapidly growing gaming space with the acquisition of Astro Gaming, a younger company known for their high-quality headsets. The price: a highly respectable $85 million. Samsung quietly acquires Greek text-to-speech startup Innoetics for under $50M
With the launch of Bixby and reports that Samsung is building its own competitor to Amazon’s Echo, the consumer electronics giant has now made an acquisition that could help power its next generation of voice-powered services. Samsung has acquired Innoetics, a startup out of Greece that has developed text-to-speech and voice-to-speech technology that can, among other things, listen to… Read More
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Snapchat bought the AR location intellectual property of startup Drop
Snap Map is Snapchat’s plan to tie together its online content with ways to augment your offline reality, and it’s got the patent to back it up. Augmented reality location startup Drop tells TechCrunch that Snap Inc. acquired its intellectual property in 2015, including its “Location-based messaging” patent. Read More
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Snapchat acquires social map app Zenly for $250M to $350M
Snapchat’s newest feature, Snap Map, is based on its latest acquisition, social mapping startup Zenly. TechCrunch has learned that Snapchat has bought Zenly for between $250 million and $350 million in mostly cash and some stock in a deal that closed in late May. Snapchat will keep Zenly running independently, similar to how Facebook lets Instagram run independently. Read More
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Winners and losers in Amazon’s $13.7B purchase of Whole Foods
Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More
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Postmates acqhires Secret CEO David Byttow’s startup Bold
The founder of one of Silicon Valley’s most famous flameouts, anonymous social app Secret, is the new product lead for Postmates’ app. After Secret shut down and gave investors back their money, David Byttow went on to raise a $1 million seed round from Index to launch a blog publishing tool for enterprises called Bold.
Today Bold was acqhired by Postmates, Byttow confirmed to… Read More
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The best Meeker 2017 Internet Trends slides and what they mean
Here are the must-read stats about what’s happening with internet adoption, smartphones, ads, e-commerce, entertainment, gaming, enterprise healthcare, China, India and startups. We’ve picked the most important slides from legendary Kleiner Perkins partner Mary Meeker’s massive 355-page 2017 Internet Trends report, deciphered the complex data and explained why… Read More
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Apple is shoring up Siri for its next generation of intelligent devices
Siri is a critical component of Apple’s vision for the future, so integral that it was willing to spend $200 million to acquire Lattice Data over the weekend. The startup was working to transform the way businesses deal with paragraphs of text and other information that lives outside neatly structured databases. These engineers are uniquely prepared to assist Apple with building… Read More
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Google acquires Owlchemy Labs VR game studio
Google has acquired the VR game studio behind such popular gaming titles as Job Simulator and Rick and Morty: Virtual Rick-ality. In a blog post, the founding team of the Austin-based Owlchemy Labs detailed that it has been acquired and will be joining the team at Google. Read More
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