App stores saw record revenue and downloads in Q1 2017

 Mobile applications saw a record number of downloads and revenue in the first quarter of the year, according to a new report from app store analytics firm App Annie out this morning. Across both iOS and Android, downloads grew by 15 percent year-over-year to reach nearly 25 billion worldwide – a figure that includes only new downloads, and not re-installs or downloads from prior quarters.… Read More

 Mobile applications saw a record number of downloads and revenue in the first quarter of the year, according to a new report from app store analytics firm App Annie out this morning. Across both iOS and Android, downloads grew by 15 percent year-over-year to reach nearly 25 billion worldwide – a figure that includes only new downloads, and not re-installs or downloads from prior quarters.… Read More

SiriusXM acquires connected car company Automatic for over $100M

 SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. The deal is acknowledged by SiriusXM CFO David Frear to be worth a little north of $100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s products and team will remain focused on the… Read More

 SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. The deal is acknowledged by SiriusXM CFO David Frear to be worth a little north of $100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s products and team will remain focused on the… Read More

Lyft’s opt-in automatic rider donation program goes live May 1

 Lyft previously announced that it would be introducing “Round Up & Donate,” a program that would allow its riders to automatically top-off their fare to the nearest dollar and donate the excess to a worthy cause. The program is now all set to go live for the first time on Monday, May 1, and the first organization that Lyft is supporting is United Services Organizations (USO),… Read More

 Lyft previously announced that it would be introducing “Round Up & Donate,” a program that would allow its riders to automatically top-off their fare to the nearest dollar and donate the excess to a worthy cause. The program is now all set to go live for the first time on Monday, May 1, and the first organization that Lyft is supporting is United Services Organizations (USO),… Read More

Propel raises $4M to make the social safety net more tech savvy and user friendly

Fresh EBT Some big names are making an investment in food stamps — specifically in Propel, a startup that helps food stamp recipients manage their benefits. Propel is announcing that it has raised $4 million in seed funding from Andreessen Horowitz, Omidyar Network, Kevin Durant’s The Durant Company and Max Levchin’s SciFi VC, as well as previous investors Jay Borenstein, WinWin and… Read More

Fresh EBT Some big names are making an investment in food stamps — specifically in Propel, a startup that helps food stamp recipients manage their benefits. Propel is announcing that it has raised $4 million in seed funding from Andreessen Horowitz, Omidyar Network, Kevin Durant’s The Durant Company and Max Levchin’s SciFi VC, as well as previous investors Jay Borenstein, WinWin and… Read More

Chicago’s Origin Ventures just raised $80 million for its fourth fund

 Origin Ventures, an early-stage, 18-year-old venture firm based in Chicago, has closed its fourth fund with $80 million in commitments. The fund is twice as big as the firm’s third fund, which closed in 2013. The sum is even more meaningful when compared to the outfit’s first two funds. One of those was a $1.5 million fund that cofounder Steve Miller pooled together with a… Read More

 Origin Ventures, an early-stage, 18-year-old venture firm based in Chicago, has closed its fourth fund with $80 million in commitments. The fund is twice as big as the firm’s third fund, which closed in 2013. The sum is even more meaningful when compared to the outfit’s first two funds. One of those was a $1.5 million fund that cofounder Steve Miller pooled together with a… Read More

Cloudflare debuts a security solution for IoT

 Cloudflare, the content delivery network that promises speed and security for websites, announced today that it’s moving into the internet-of-things industry with a security product called Orbit. Now, instead of just securing websites, Cloudflare wants to secure IoT devices too. Orbit has been developed over the last 18 months in response to customer demand, Cloudflare CEO Matthew Price… Read More

 Cloudflare, the content delivery network that promises speed and security for websites, announced today that it’s moving into the internet-of-things industry with a security product called Orbit. Now, instead of just securing websites, Cloudflare wants to secure IoT devices too. Orbit has been developed over the last 18 months in response to customer demand, Cloudflare CEO Matthew Price… Read More

Scaleway thinks the future of cloud hosting is ARM-based servers

 Iliad’s cloud hosting division Scaleway is launching a new type of server today. In just a minute, you can launch your server with its own dedicated ARMv8 processor, 2GB of RAM, 50GB of SSD storage and unlimited bandwidth. And it only costs around $3.25 per month (€2.99).
If you’re not familiar with processor atchitecture, your computer and your smartphone use two different chipsets. Read More

 Iliad’s cloud hosting division Scaleway is launching a new type of server today. In just a minute, you can launch your server with its own dedicated ARMv8 processor, 2GB of RAM, 50GB of SSD storage and unlimited bandwidth. And it only costs around $3.25 per month (€2.99).
If you’re not familiar with processor atchitecture, your computer and your smartphone use two different chipsets. Read More

More than 800 startups ask FCC chair to not kill net neutrality

 Today, FCC Chairman Ajit Pai released the broad strokes of his plan to abandon consumer protections to the benefit of large corporate players in the telecommunications industry. While major telecom companies are looking forward to Pai’s FCC makeover, the same can’t be said for everyone else in tech. After Pai’s announcement, a group of more than 800 names in tech sent Pai… Read More

 Today, FCC Chairman Ajit Pai released the broad strokes of his plan to abandon consumer protections to the benefit of large corporate players in the telecommunications industry. While major telecom companies are looking forward to Pai’s FCC makeover, the same can’t be said for everyone else in tech. After Pai’s announcement, a group of more than 800 names in tech sent Pai… Read More

Sen. Schatz on FCC: ‘They have no idea how outraged people are about to be’

 FCC Chairman Ajit Pai stirred up the hive today with his official declaration of war on the net neutrality rules established in 2015. Reactions have been mixed — depending on whether the person represents the telecommunications industry or not. In the melee, I had a chance to talk with Senator Schatz (D-Hawaii) about the pronouncement. Read More

 FCC Chairman Ajit Pai stirred up the hive today with his official declaration of war on the net neutrality rules established in 2015. Reactions have been mixed — depending on whether the person represents the telecommunications industry or not. In the melee, I had a chance to talk with Senator Schatz (D-Hawaii) about the pronouncement. Read More

Poshmark cash flow positive, on track for $100 million revenue

 Poshmark, the fashion resale social network, is on track for $100 million in revenue this year, TechCrunch has learned. We hear the company reached $50 million in revenue last year, which means they are on pace to double in 2017. The company also recently became cash flow positive, with profitability on an Ebitda basis. This is a commonly used, but adjusted measurement of profitability… Read More

 Poshmark, the fashion resale social network, is on track for $100 million in revenue this year, TechCrunch has learned. We hear the company reached $50 million in revenue last year, which means they are on pace to double in 2017. The company also recently became cash flow positive, with profitability on an Ebitda basis. This is a commonly used, but adjusted measurement of profitability… Read More