Adobe turns it up to 11, surpassing $11B in revenue – TechCrunch

Adobe turns it up to 11, surpassing $11B in revenue – TechCrunch

Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in […]

Consumer sous vide startup Nomiku is winding down operations – TechCrunch

Consumer sous vide startup Nomiku is winding down operations – TechCrunch

Founded in 2012, Nomiku became a plucky Silicon Valley darling by bringing affordable sous vide cooking to home kitchens. A Kickstarter project that same year generated $750,000, several times its $200,000 goal. The company scored a glowing TechCrunch profile the following year, as well, thanks in part to a great backstory. Today, however, the company […]

The newest members of the $100M ARR club – TechCrunch

The newest members of the $100M ARR club – TechCrunch

Hello and welcome back to our regular morning look at private companies, public markets and the grey space in between. Today we’re taking stock of a cohort of special companies: still-private startups that have reached $100 million in annual recurring revenue (ARR). Our goal is to understand which startup companies are actually exceptional. This late […]

Equity Dive: Direct Listings – TechCrunch

Equity Dive: Direct Listings – TechCrunch

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We have something special this week and it’s not just because Kate’s in Berlin for TechCrunch Disrupt Europe and Alex’s in the throes of a cross-country move! No, we’ve had this episode in the works for a while, […]

Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding – TechCrunch

Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding – TechCrunch

Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder Steve Chen; UMC, the Taiwanese semiconductor foundry; Kakao Ventures; GDP Ventures; Atinum; Wasabi Ventures; Blue Ivy Ventures; Plug n Play; and SLV Capital. The startup […]

Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M – TechCrunch

Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M – TechCrunch

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian […]

Salesforce promotes Bret Taylor to president and COO – TechCrunch

Salesforce promotes Bret Taylor to president and COO – TechCrunch

Salesforce announced today that it has named Bret Taylor as president and chief operating officer of the company. Prior to today’s promotion, Taylor held the position of president and chief product officer. In his new position, Taylor will be responsible for a number of activities including leading Salesforce’s global product vision, engineering, security, marketing and […]

Why Bill.com didn’t pursue a direct listing – TechCrunch

Why Bill.com didn’t pursue a direct listing – TechCrunch

Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO. Public investors felt that the company’s price was a deal, sending the value of its equity to $35.51 per share as of the […]

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