Rackspace acquires TriCore, adds enterprise applications to cloud management mix

Rackspace Rackspace announced today it was purchasing TriCore, giving it an enterprise applications management play to go along with its cloud management services. The announcement comes just one day after the company announced it was bringing a new CEO onboard, make it a busy week for the firm. The companies did not share the terms of the deal, but Rackspace called it the largest acquisition in… Read More

SoftBank adds Brazil’s 99 to its ridesharing portfolio with a $100 million investment

 SoftBank, known for investing in ridesharing apps that aren’t Uber, has added another startup to its list. This time it’s a $100 million bet on 99, the largest ridesharing company in Brazil. Read More

Acko is an ambitious digital play to disrupt India’s $10B insurance industry

 Acko is an under-the-radar startup that wants to disrupt India’s insurance industry through a digital-only model. This week it stuck its head above the parapet and announced that it has raised $30 million to get started on its bold plan. Founded by Varun Dua, the man behind insurance comparison site Coverfox, Acko is designed as a wholly digital take on insurance in India. The… Read More

Appian prices application software IPO at $12

 Virginia-based Appian is finally braving the public markets, after a long journey as a private company formed in the dot-com boom of 1999. Appian announced Wednesday that they priced their IPO at $12 per share, raising $75 million for the company. This is in-line with the previously proposed price range of $11 to $13. Appian provides app development software for its business and… Read More

Peloton is now a unicorn because of the spinning class craze

 Have you ever taken a class at SoulCycle? Or better yet, Flywheel? Spinning has turned out to be a big business and there’s one brand that’s been gaining traction in the at-home fitness space. Peloton’s $2000 bikes have developed a cult following, mainly because of its live-streamed classes, which are offered as an added subscription and can be displayed on the bike screen.… Read More

Flexible retail startup Bulletin raises $2.2M

Bulletin close up Bulletin, the startup that describes itself as “WeWork for retail space,” is announcing that it has raised $2.2 million in seed funding. The idea is to give businesses — particularly online brands — access to brick-and-mortar retail space without the cost or commitment of a traditional lease. Read More

Circle with Disney raises $10 million for its parental control device for families

 Circle Media, the company behind Circle with Disney – a device that helps parents enforce their home’s internet rules and restrictions – has raised $10 million in Series A funding, the company announced this morning. The round was led by early stage venture fund Relay Ventures. There was other private equity investment in the round, but the parties didn’t want to… Read More

Softbank’s Nvidia stake is reportedly worth $4BN

 Bloomberg is today reporting the size of Softbank’s stake in Nvidia is $4 billion, for 4.9 per cent of the company, which it says would make it the fourth largest investor in the chipmaker. Read More