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Leena Rao / Fortune:
Sources: Jawbone is trying to sell its wireless speaker business, will focus on health and wearables   —  Fitness tracker maker Jawbone has put its speaker business up for sale, according to multiple sources.  —  The company has been pitching potential buyers for its Jambox wireless speaker business …
May 27, 2016, 3:00 PMIn context
Barb Darrow / Fortune:
Intel buys computer vision company Itseez, co-founded by two former Intel researchers, in IoT and autonomous car push   —  Chip maker Intel, in its bid to expand from its core PC and server business to all manner of devices, is buying Itseez, a machine vision specialist co-founded by two former Intel techies.
May 26, 2016, 9:15 PMIn context
Dan Primack / Fortune:
Home WiFi startup Eero raises $50M led by Menlo Ventures, expected in Best Buy stores this summer   —  Eero, the maker of home Wi-Fi devices that use multiple access points to improve coverage, on Tuesday will announce that it has raised $50 million in new venture capital funding.
May 25, 2016, 8:05 PMIn context
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources   —  We knew Salesforce and Amazon Web Services were getting cozy, ever since Salesforce's recent earnings call when its chief executive, Marc Benioff, effusively praised Amazon's cloud unit.
May 25, 2016, 6:05 PMIn context
Scott Cendrowski / Fortune:
Xiaomi revenue for 2015 reached 78B yuan, only a 5% rise from 2014's 74.3B yuan   —  Xiaomi, the Chinese smartphone maker and second highest-valued startup in the world at $45 billion, barely grew sales at all last year.  —  Revenue for 2015 reached 78 billion yuan ($12.5 billion) …
May 23, 2016, 2:05 PMIn context
Aaron Pressman / Fortune:
Online consumer lending startup Avant lays off nearly 60 people, about 7% of its workforce, puts plans for credit card, expansion into Australia on hold   —  With the business climate for the once richly-funded wave of online lending startups worsening by the day, bad news continues to hit the sector.
May 20, 2016, 11:05 PMIn context
Jeff John Roberts / Fortune:
What's at stake in Google and Oracle's $9.3B fair use fight over Java APIs   —  Gather round tech folks, it's time for an epic rematch between two industry giants.  At stake is not just billions of dollars in copyright claims, but also a controversial legal concept that could roil the entire software industry.
May 11, 2016, 10:50 PMIn context
Barb Darrow / Fortune:
Pivotal received a total of $653M in new investments in its Series C announced last week, as parent company EMC converted $400M of debt into equity   —  The $253 million in Series C funding from Ford f and Microsoft msft that Pivotal announced last Thursday turns out to be just the tip of the iceberg.
May 9, 2016, 12:10 PMIn context
Dan Primack / Fortune:
BlackJet, an on-demand private jet service launched by a team that included Uber co-founder Garrett Camp, shuts down   —  BlackJet, an on-demand private jet service created by Uber co-founder and chairman Garrett Camp, today informed members that it is “abruptly” ceasing operations.
May 7, 2016, 9:25 PMIn context
Dan Primack / Fortune:
Inside the acrimonious breakdown of Xfund, the early-stage VC firm with ties to Harvard University   —  Harvard-Linked VC Fund Goes Up in Smoke and Acrimony  —  When venture capital firms implode, it usually happens quietly.  Once all the lawyers and mediators and PR pros are done, the mess is cleaned up for public consumption.
May 4, 2016, 9:55 PMIn context

Sponsor Posts

Microsoft:
How digital artist Gabriel Pulecio ‘traps infinity’ and creates beehives of light  —  His motion graphics are controlled pieces, dictated by software and digital design.  He uses Kinect to create interactivity, a key component in his work.
Zoho:
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HackerOne:
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