Spielberg’s Amblin inks multiyear feature film deal with Netflix
In something of an about-face, Amblin Partners, Steven Spielberg’s long-running film production company, will produce several films per year for Netflix. The deal reflects Netflix’s rising star and arguably acceptance by the legendary director of a new order to the cinematic world where
Sneaker community startup SoleSavy raises $12.5 million Series A to build an end-to-end sneakersphere
Collectibles boomed during the pandemic and while NFT outfits like NBA Top Shot exploded as consumers flirted with newer efforts, the sneaker world grew even more mature with enthusiasts digging deeper into communities dedicated to the hobby/passion/obsession/alternative asset class.
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How to land the top spot in Google search with featured snippets in 2021
Search is changing. Most search engines now don’t just bring up a page of 10 search results and two ads at the top when you type in a query. Instead, Google search queries can bring up a whole range of results, and sometimes answer your questions without you ever having to click through to a
TikTok launches Jump, a third-party integration tool
TikTok announced today the launch of its Jump program, which expands the app’s potential for third-party integrations. TikTok began beta-testing this feature in February with Whisk, a recipe-sharing app, though only select creators could use the feature. Now, Jump will start rolling out to al
India proposes tougher e-commerce rules to address ‘widespread cheating’ complaints
India proposed on Monday banning flash sales on e-commerce platforms and preventing their affiliate entities from being listed as sellers as the South Asian market looks to further tighten rules that could hurt the future prospects of Amazon and Walmart's Flipkart in the world's second-larg
Toyota Research Institute shows how its robotics work with difficult surfaces in the home
Following this morning's announcement that Hyundai has closed its acquisition of Boston Dynamics, another automotive company has posted some robotics news. The Toyota Research Institute announcement is decidedly less earthshaking than that big deal — if anything, it's more of a progre
Uber to become the sole owner of grocery delivery startup Cornershop
Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29
Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out
Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region's origins in Cold War defense spending. While the courage and perseverance required to fight in an overseas battlefield (or the office bureaucracy on base) would seem a perfect fit for the travails
Porsche to make high-performance batteries in joint venture with Customcells
Luxury sports car manufacturer Porsche AG is going into the battery business. The automaker said Monday it plans to open a new factory that will produce high-performance cells through a joint venture with lithium-ion battery developer Customcells.
Porsche invested in “the high double-digit millio
Biden’s executive order on cybersecurity should include behavior transparency
The Biden administration this spring announced an executive order designed to strengthen government cybersecurity defenses in the wake of several major recent hacks, including the SolarWinds, Microsoft Exchange Server and Pulse Secure incidents, which impacted numerous federal agencies and private
Seed is not the new Series A
The incredible success of the cloud business applications space in recent years has driven up valuations and fundraising across all stages of venture investment. That has in turn increased VC fund sizes, led to massive cloud IPOs and brought a new cadre of investors to further fuel the fire.
The me
Hyundai completes deal for controlling interest in Boston Dynamics
Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details.
The South Korean automotive giant now owns a co
Music licensing marketplace Songtradr raises $50M
Music licensing marketplace Songtradr this morning announced a $50 million Series D. The oversubscribed round — which features Regal, Aware Super, Perennial, Argo and Greencape — follows a $30 million raise last August, bringing the Los Angeles company's total funding to north of $1
Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M
Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform's total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020.
Kredivo is operated