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S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 … [Read more…]
Windows 10S is, in the simplest terms, Microsoft’s Chrome OS competitor. A spiritual successor to RT, the operating system is a slimmed down version of Windows 10 with added security (by way of locked down app installs) and lower hardware requirements designed to be run on sub-$300 systems that can be purchased in bulk by … [Read more…]
Geniac, the London-based startup that provided an “office as a service” for small and medium-sized businesses, is soon to enter the deadpool. TechCrunch has learned that majority owner Grant Thornton, the international professional services company, has made the decision to shutter Geniac as of April 5th. Customers were informed at the beginning of this month … [Read more…]
Magic Leap still hasn’t released a product, but they’re continuing to raise a lot of cash to get there. The Plantation, Florida-based augmented reality startup announced today that it has raised $461 million from the Kingdom of Saudi Arabia’s sovereign investment arm, The Public Investment Fund. The Saudi Arabian fund contributed $400 million of the … [Read more…]
Amazon announced this morning it will offer a low-cost version of its Prime membership program to qualifying recipients of Medicaid. The program will bring the cost of Prime down from the usual $10.99 per month to about half that, at $5.99 per month, while still offering the full range of Prime perks, including free, two-day … [Read more…]
Atomwise, which uses deep learning to shorten the process of discovering new drugs, has raised a $45 million Series A. The round was led by Monsanto Growth Ventures, Data Collective (DCVC) and B Capital Group. Baidu Ventures, Tencent and Dolby Family Ventures, which are all new investors in Atomwise, also participated, as well as returning … [Read more…]
After bringing its pared-down Android app Messenger Lite to mature markets like the US and UK last autumn, Facebook is expanding its features to ramp up engagement. Today, the company announced that it is adding video chat into the mix. Messenger Lite, first launched in 2015 was initially part of an effort from Facebook to … [Read more…]