Techmeme: Box raises $150M more from TPG and Coatue Management at $2.4B valuation, expects IPO after labor day (Wall Street Journal)

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July 7, 2014, 9:25 PM

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Wall Street Journal:

Box raises $150M more from TPG and Coatue Management at $2.4B valuation, expects IPO after labor day — Web-Storage Startup Box Raises $150 Million as It Awaits IPO — Box Inc. has bought itself some breathing room as it waits for a more suitable time to hold an initial public offering.

More: Business Wire, PandoDaily, ZDNet, CNET, GeekWire, VatorNews, Re/code, TechCrunch, New York Times, VentureBeat, Business Insider and Gigaom

Tweets: @mattlynley and @dmac1

Arik Hesseldahl / Re/code:

Box's updated S1 shows Q1 sales up 94% and losses up just 11% year-on-year

More: CITEworld Matt Rosoff, SiliconBeat, Quartz, TechCrunch and bizjournals. Tweets: @ahess247. Thanks:@ahess247

Jungah Lee / Bloomberg:

Samsung Profit Misses Estimates as Cheap Phones Struggle — Samsung Electronics Co. (005930) posted second-quarter profit that missed analysts' estimates as the world's biggest smartphone maker loses market share to Apple Inc. (AAPL) and less expensive devices from Chinese manufacturers.

More: Re/code, 9to5Google, VentureBeat and Reuters

Tweets: @mattrosoff, @fmanjoo and @counternotions

Andrew Wallenstein / Variety:

Twitter Replaces Media Chief Chloe Sladden with Katie Stanton (Exclusive) — Less than a month after the departure of Twitter Media chief Chloe Sladden, the social media giant has found her replacement. — Katie Stanton, previously vice president of international market development …

Tweets: @chloes and @awallenstein. See also Mediagazer

Kim-Mai Cutler / TechCrunch:

Keith Rabois' Homebuying Startup OpenDoor Raises $9.95M From Everyone — Well. — It seems like a lot of Valley investors want to see the process of buying homes become a lot more efficient. — After Khosla Ventures VC and former Square COO Keith Rabois teased that he was working …

More: VentureBeat, Re/code and bizjournals. Tweets: @mike_greenfield

Sarah Perez / TechCrunch:

MIT And Dropbox Alums Launch Inbox, A Next-Generation Email Platform — Founded by Dropbox and MIT alums, a new startup called Inbox is launching out of stealth today, hoping to power the next generation of email applications. Similar to the newly launched Gmail API, Inbox offers a more modern …

More: The Next Web and VentureBeat. Tweets: @jmspool, @steveklabnik, @justin and @ccgus

Brian Krebs / Krebs on Security:

Nearly undetectable ATM skimmers threaten regions like the US that haven't adopted more secure “chip & PIN” tech — The Rise of Thin, Mini and Insert Skimmers — Like most electronic gadgets these days, ATM skimmers are getting smaller and thinner, with extended battery life.

More: Gizmodo, The Verge, TechSpot, Business Insider and Engadget

Angelica Mari / ZDNet:

20 armed, disguised men steal $36M worth of Samsung products from Brazil factory; nobody hurt — Samsung suffers massive robbery in Brazil — Summary: Approximately $36m worth of products have been stolen from a São Paulo factory — In an operation that resembled the 1978 Lufthansa heist …

More: 9to5Google, Business Insider, Bloomberg, AndroidHeadlines.com and SamMobile

Chris Welch / The Verge:

Isis mobile wallet will rebrand to avoid sharing name with violent militant group — Isis is facing an identity crisis. The company behind the mobile wallet app has announced it will rebrand to avoid sharing its name with the extremist militant group ISIS, or the Islamic State of Iraq and the Levant.

More: Isis News, The Register, ABC News, Fortune, PC Magazine, CNNMoney.com, PC World, Gigaom, CNET, ZDNet, Wall Street Journal, Digital Trends, DSLreports, 9to5Google, TechCrunch, Android Central, GeekWire, Engadget and Gizmodo

Tweets: @startupljackson, @harrymccracken, @caseynewton and @profjeffjarvis

Parmy Olson / Forbes:

Waze trades aggregate anonymous user data to local governments for sensor and camera data; Moovit and Strava make similar deals — Why Google's Waze Is Helping Local Governments Track Users — In Rio de Janeiro most eyes are on the final, nail-biting matches of the World Cup.

More: The Daily Caller and dailywireless.org. Tweets: @ourielohayon, @dwr and @om. Thanks:@parmy

Darrell Etherington / TechCrunch:

Oculus Debuts Oculus Connect Developer Conference, Acquires RakNet And Open Sources Its Tech — Oculus made a couple of announcements today, including the acquisition of middleware game-network technology provider RakNet, which powers cross-platform voice chat, SQL logging …

More: Oculus VR, VentureBeat, The Verge, Wearable World News, CIO.com, ZDNet, TechSpot, CNET, PC Magazine, Engadget, Tech Times, Electronista, SlashGear, Fortune and Re/code

Kevin Poulsen / Wired:

How malicious community edits on Google Maps can destroy a business — How Google Map Hackers Can Destroy a Business at Will — Rene Bertagna blames Google for the death of his restaurant, Serbian Crown. Courtesy Rene Bertagna — Washington DC-area residents with a hankering …

More: Business Insider. Tweets: @dangillmor

Cody Toombs / Android Police:

Paid Apps Cannot Be Installed On Android Wear, Play Store Encryption Likely At Fault — Google's hot new item, Android Wear, is barely out of the box, but there's already a pretty big issue deserving of a place in our Bug Watch series. The initial rush of native Android Wear apps is starting …

More: 9to5Google, Digital Trends, Wearable World News, SlashGear, AndroidOS.in and Ars Technica

Tammy Parker / FierceWirelessTech:

Free Wi-Fi provider Gowex confirms faked results for four years, files for bankruptcy protection — Madrid-based Wi-Fi service provider Gowex filed for bankruptcy protection upon the resignation of its CEO and president, Jenaro Garcia Martin, who acknowledged he has been cooking the firm's books for four years.

More: LET'S GOWEX, Gotham City Research LLC, Bloomberg, dailywireless.org, Wall Street Journal, Reuters, Telegraph, IT PRO, Businessweek, The Drum, International Business Times, The Independent, Gotham City Research LLC, Forbes, Forbes, Gigaom, V3.co.uk, Business Insider and BBC News

Mark Gurman / 9to5Mac:

Tim Cook ‘actively’ seeking to add new directors to Board — The Wall Street Journal today published a brief profile on Apple CEO Tim Cook as the Cupertino-based company continues to be shaped in the image of Cook rather than co-founder Steve Jobs. The profile has some interested tidbits …

More: iMore, AppleInsider, The Mac Observer, Mashable, Wall Street Journal and MacRumors

Joe Rossignol / 9to5Google:

YouTube approaches 300M viewing hrs per day, fell short of estimates w/ $3.5B revenue in 2013 — YouTube has established itself as a mainstream platform for streaming video content online, but its ambitious goal of reaching 1 billion “watch time” hours per day through 2016 is reportedly lagging behind expectations.

More: The Information, Business Insider, SiliconBeat, VentureBeat, Gigaom and Mashable. Thanks:@rsgnl

Gary Wong / Skype Blogs:

Skype 5.2 for iPhone: Voice Messaging Support and Profiles Are Back! — We have been reading and listening to your feedback ever since we launched the new remastered Skype for iPhone and have been hard at work incorporating your suggestions. With Skype 5.1 for iPhone we included the ability …

More: eWeek, iMore, iPhone in Canada Blog, 9to5Mac, iPhone Hacks, WinBeta, TechnoBuffalo, The Next Web, GSMArena Blog and App Advice. Tweets: @gurdeepskype

Mary Jo Foley / ZDNet:

Don't expect Microsoft's Surface Mini to debut this summer — Summary: Is Microsoft restarting production of the rumored Surface Mini, with plans to roll it out this summer? My sources say no. — The respected mobile tip leaker Evan Blass, aka @evleaks, has a good rumor track record.

More: evleaks.at, BGR, PC World, Ubergizmo, WinBeta, Windows Phone Central, Neowin, VentureBeat and CNET

Ingrid Lunden / TechCrunch:

Gartner: Device Shipments Break 2.4B Units In 2014, Tablets To Overtake PC Sales In 2015 — The gradual decline of the PC industry, spurred on by the rapid rise of mobile computing, continues apace. Today the analysts at Gartner have published their latest forecasts for global PC, tablet …

More: Gartner, PC World, Telegraph, The Next Web, Los Angeles Times, Computerworld, VentureBeat, The Drum, GeekWire, AndroidHeadlines.com, Gigaom, GSMArena Blog, ZDNet, Softpedia News and dailywireless.org. Thanks:@ingridlunden

Juli Clover / MacRumors:

iPhone 6 Front Panel Subjected to Scratch Test, Significant Bending — Earlier today, we shared a video of what appeared to be the front panel of the 4.7-inch iPhone 6 subjected to a limited bending stress test, but YouTube user Marques Brownlee has now acquired the same front panel and subjected …

More: The Tech Block, YouTube, Daring Fireball, iPhone Hacks, Cult of Mac, MacRumors, Tapscape and PC Advisor

Tweets: @lukew and @thetechblock

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