SAP acquires Gigya, RenRenChe raises $200M

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Sep 25, 2017, 11:09:05 AM9/25/17
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| Monday, September 25, 2017 |
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Software firm SAP acquires identity management platform Gigya; terms undisclosed, but TechCrunch sources say the deal is worth $350M; the firm provides authentication tools to enterprise customers; raised $105M to date - Link

09/25/2017 01:36 Comment Twitter Email
 

China-based used car marketplace RenRenChe raises $200M from Didi Chuxing; the startup operates in more than 80 Chinese cities and claims to have over 100k vehicles listed on its platform; raised $460M to date - Link

09/25/2017 06:36 Comment Twitter Email
 

London-based biotech firm Synthace raises roughly $10M Series A led by Amadeus Capital and White Cloud with participation from Eleven Two Capital and others; maker of the Antha operating system, which is used to automate certain lab processes; raised more than $16M to date - Link

09/25/2017 03:54 Comment Twitter Email
 

Enterprise software firm Accelo raises $9M Series A led by Level Equity with participation from Fathom Capital and others; the company provides a suite of products including CRM, customer service tools, and more; raised $11M to date - Link

09/25/2017 06:21 Comment Twitter Email
 

 

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India-based analytics startup Synup raises $6M Series A led by Vertex Ventures with participation from Prime Venture Partners; the firm provides enterprise tools for tracking online mentions; raised $6.5M to date - Link

09/25/2017 05:37 Comment Twitter Email
 

Germany-based publishing platform Inkitt raises $3.9M seed led by Redalpine with participation from Frontline Ventures and others; the startup lets authors publish in-progress work for readers to review; using feedback data, the firm then offers some writers a publishing deal - Link

09/25/2017 02:57 Comment Twitter Email
 

Thailand-based fintech startup Finnomena raises $3.2M Series A from Krungsri Finnovate, 500 Tuk Tuks, and others; offers a range of finance tools and investment advice; claims 1M weekly views across various platforms - Link

09/25/2017 04:55 Comment Twitter Email
 

London-based image licensing platform Picfair raises $2M led by the Claverley Group; the startup offers a marketplace where rights-holders can set their own price; raised more than $2.5M to date - Link

09/25/2017 01:44 Comment Twitter Email
 

A consortium led by Hellman & Friedman acquires Denmark-based payments processing firm Nets for $5.3M cash; the deal is worth $26.35 per share; Nets provides digital payments tools to enterprise customers - Link

09/25/2017 06:01 Comment Twitter Email
 

Levi’s partners with Google to launch a $350 touch-sensitive jacket; first announced last year, the Commuter Trucker makes use of Project Jacquard technology to control a connected iOS or Android device; features a removable dongle and pairs with an app for gesture customization; available in some boutique stores from Sept 27, and from Levi’s website Oct 2 - Link

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09/25/2017 06:39 Comment Twitter Email
 


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Uber CEO Dara Khosrowshahi writes an open letter to Londoners, apologizing for the company’s mistakes; Khosrowshahi also says Uber will appeal the decision to rescind its operating license; comes as Uber executive Fred Jones claims the firm is unclear on what led to the decision - Link

Update: London mayor Sadiq Khan says Uber has made “aggressive” threats to issue a legal challenge against Transport for London; Khan says the company has also been telling journalists they want to appease the regulator - Link

09/25/2017 02:16 Comment Twitter Email
 

Uber’s petition calling for its London operating license to be renewed collects more than 700k signatures; the firm launched the campaign on Change.org and received more than 500k signatures within 24 hours; the company claims more than 3.5M Londoners rely on its service - Link

09/25/2017 01:55 Comment Twitter Email
 

President Obama asked Mark Zuckerberg to take the threat of political disinformation on Facebook more seriously, according to sources for The Washington Post; the two talked after Zuckerberg suggested people make decision on real life events, not fake news; the company has since introduced measures to deal with fake news and politically targeted ads - Link

09/25/2017 02:33 Comment Twitter Email
 

Twitter secures enough ad commitments to produce 16 new shows, according to Recode sources; Twitter previously announced content from MLB, The Verge, BuzzFeed News, and others; it’s unclear how much the ad packages were sold for - Link

09/25/2017 04:20 Comment Twitter Email
 

Barclays joins the CLS Net consortium, which is developing a blockchain-based foreign currency exchange; led by cash settlement firm CLS Group, the consortium also includes JP Morgan, Goldman Sachs, and Bank of China; it’s unclear when the platform will launch - Link

09/25/2017 06:07 Comment Twitter Email
 

T-Mobile increases the data cap for its unlimited plans from 32GB to 50GB; compares with both AT&T and Verizon, which have 22GB caps, and Sprint with 23GB - Link

09/25/2017 05:50 Comment Twitter Email
 

UK-based retailer Marks and Spencer begins testing on-demand deliveries in London and Berkshire; available to select customers, frozen items and ready meals can be delivered within one hour, with fresh produce delivered within two hours; it’s unclear if or when the service will rollout wider - Link

09/25/2017 06:49 Comment Twitter Email
 

Amazon says it will open three AWS availability zones in Bahrain by 2019; represents the first cloud region for the Middle East - Link

09/25/2017 03:32 Comment Twitter Email
 

South Korean regulators claim Tumblr is ignoring requests to take down pornographic content; the Korea Communications Standards Commission sent more than 22k takedown requests in the first six months of 2017, but says the company is not complying; Tumblr says it it has no physical presence in the country and is not subject to local laws - Link

09/25/2017 03:16 Comment Twitter Email
 

Timekettle launches a Kickstarter for WT2 Translator, a set of earpieces that promise to translate conversations in real time; supports English, Japanese, French, and more; raised $69k on a $50k goal, ends Oct 27 - Link

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09/25/2017 04:40 Comment Twitter Email
 

 

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09/25/2017 07:08 Comment Twitter Email
 
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