Yahoo

Yahoo Launches New Esports Section

SUNNYVALE — Yahoo has launched Yahoo Esports – a new destination for delivering professional esports coverage across major games and events. Yahoo Esports is part of Yahoo’s continued investment to provide the best sports content and experiences on Yahoo Sports. The esports industry is expected to grow at a tremendous rate, with a global audience reach of over 226 million in 2015. […]

Articles

Cupertino Uses Aerohive Networks for Wi-Fi

CUPERTINO – The city of Cupertino has selected Aerohive Networks to deploy access points, branch routers, and switches to deliver Wi-Fi to its employees and guests.
News Facts

Cupertino is located 45 miles south of San Francisco and is suburban community known for its excellent public school district and as the home of Apple Inc. With approximately 60,000 residents, the City of Cupertino employs 160 staff. While the City contracts many of its services including police and fire, the City provides many valuable and key services to its residents.

Articles

Mainsail Partners Raises $384 Million for Fourth Fund

SAN FRANCISCO — Mainsail Partners, a growth equity firm that invests in bootstrapped companies, said it has successfully raised $384 million for its fourth fund, Mainsail Partners IV, L.P. The oversubscribed fund closed in December and took just over two months to complete. The firm will use the fund to continue its strategy of investing in bootstrapped companies and driving accelerated growth through operational expertise and management support.

Venture Funding

Masterclass Raises $15 Million Series B

SAN FRANCISCO — MasterClass, which offers online classes taught by Kevin Spacey, Dustin Hoffman, Serena Williams, James Patterson and Usher, has raised a $15 million Series B funding round. This latest round is led by New Enterprise Associates, Inc. (NEA) (Partner: Rick Yang) and reveals a previously undisclosed $4.5 million Series A led by Javelin Venture Partners (Partner: Alex Gurevich) and two seed rounds totaling $1.9 million both led by Harrison Metal (Founder: Michael Dearing).

Articles

Forty Seven Inc. Completes $75 Million Series A

PALO ALTO — Forty Seven Inc., a clinical-stage immuno-oncology company, has completed the first half of a committed $75 million Series A financing round and has licensed the rights to multiple immuno-oncology programs from Stanford University. 336601LOGO

The Series A financing was led by Lightspeed Venture Partners and Sutter Hill Ventures with participation from Clarus Ventures and GV (formerly Google Ventures). The license includes rights to over 100 issued or pending U.S. or foreign patents that cover the antibody Hu5F9-G4 and several other novel immune checkpoint inhibitors and cancer-specific antibodies.

 

Articles

Nike Founder Donates $400 Million to Stanford

STANFORD, CA– Stanford University announced the Knight-Hennessy Scholars program, a graduate-level scholarship to prepare a new generation of global leaders with the skills to address the increasingly complex challenges facing the world.

The program is named for alumnus Philip H. Knight, philanthropist, American businessman and co-founder of Nike Inc., who is contributing $400 million, and Stanford’s outgoing 10th President John L. Hennessy. The program builds on Stanford’s preeminent position in higher education, with seven globally ranked multidisciplinary graduate schools that foster service, collaboration, innovation and entrepreneurship.

Articles

Salesforce Reports Record Revenues

Salesforce reported revenues for the quarter and year ended January 31, 2016.

www.salesforce.com. “By any measure, this was a spectacular finish to the year with 27% revenue growth in constant currency for the fourth quarter, and for the full year,” said Marc Benioff, chairman and CEO, Salesforce. “We are raising our fiscal year 2017 revenue guidance to $8.12 billion at the high end of our range — unprecedented growth for a company of our size and scale.”

Full fiscal year 2016 revenue was $6.67 billion, an increase of 24% year-over-year, and 27% in constant currency.  Subscription and support revenues were $6.21 billion, an increase of 24% year-over-year.  Professional services and other revenues were $462 million, an increase of 28% year-over-year.

Articles

Fitbit Shares Plunge 20.8%

The Fitbit BlazeFitbit, maker of wearable fitness devices, saw its shares drop 20.8% after reporting fourth-quarter earnings. Shares fell $3.44 on Tuesday to close at $13.08 per share near an all-time low.

Fitbit sold 8.2 million connected health and fitness devices in the fourth quarter which includes the holiday season. U.S. revenue in the quarter grew 100% from the previous year and made up 75% of fourth quarter revenue. The company sold a total of 21.4 million devices for all of 2015.

Articles

Google Shutting Down Compare Service

Google plans to shut down its Google Compare service to find auto insurance, credit cards and mortgages according to The Wall Street Journal. The service was launched in 2015 and just wasn’t gaining enough transaction. Google Compare for credit cards listed dozens of credit cards from different banks along with their benefits, annual fees and […]

Articles

LG Debuts G5 Modular Smartphone

335498LG Electronics (LG) has unveiled the new LG G5 smartphone, a brand new design with not only a sleek, metal uni-body featuring a Slide-out Battery but a Modular Type design. The LG G5 is equipped with the powerful yet energy-efficient Snapdragon 820 processor which offers advanced features such as 64-bit performance, Adreno 530 graphics and lower-power Qualcomm Hexagon DSP.

Articles

Samsung Unveils Galaxy S7 Phone

Samsung Mobile President DJ Koh unveils the new Galaxy S7 and S7 Edge phones in Barcelona.Samsung Chairman DJ Koh unveils the new Galaxy S7 and S7 Edge phones in Barcelona.

Samsung Electronics has announced the newest additions to the Galaxy family of products—Samsung Galaxy S7 and Galaxy S7 edge. AT&T, Sprint, T-Mobile, U.S. Cellular and Verizon Wireless will carry the Samsung Galaxy S7 and Galaxy S7 edge in stores beginning March 11, with pre-orders starting at 5:00 a.m. PST on February 23.

Articles

Vera Lands $17 Million Series B

PALO ALTO– Vera announced it has closed $17 million in Series B financing, led by Sutter Hill Ventures, with participation from existing investors Battery Ventures and Amplify Partners. Vera has raised over $31M in total funding to date. “Vera is bridging a critical security gap by changing the way enterprises think about securing their data and […]

Articles

Uber Raises $200 Million from LetterOne Fund

uber
LetterOne (L1), a Luxembourg-based venture capital fund, has made a strategic investment of $200 million in ride-sharing service Uber.

Mikhail Fridman, Chairman of L1, said; “I’m excited by our strategic partnership with Uber. As entrepreneurs, with experience in retail, banking, telecoms and energy sectors, and knowledge of diverse developed and emerging markets, we believe that Uber’s highly talented management team possesses the necessary vision and skills to build the company into one of the world’s preeminent technology businesses”.