Qumulo scores $125M Series E on $1.2B valuation as storage biz accelerates – TechCrunch
Qumulo, a Seattle storage startup helping companies store vast amounts of data, announced a $125 million Series E investment today on a $1.2 billion valuation. BlackRock led the round with help from Highland Capital Partners, Madrona Venture Group,…
Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup
(Bloomberg) — Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies Inc. to boost its artificial intelligence capabilities. Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed…
OPEC+ News Is Holding Oil Prices Back
Despite easing COVID-19 lockdown restrictions in some regions, new data suggests that oil demand may be approaching its peak for 2020. Chart of the Week – In the first six months of 2020, henry hub natural gas prices averaged just $1.81/MMBtu,…
Twitter Hack Fallout, A New Way to ‘Yield Farm’ and a Hurricane-Proof CBDC
A Twitter hack, a new way to “yield farm” digital collectibles and why stablecoin use is on the rise in Hong Kong. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.…
Watch ‘Lockdown Hookup,’ Our Quarantine Dating Experiment
From Men’s Health Take my hand and travel back in time with me to March of 2020. (Or maybe April. Time has no meaning anymore. It’s 10:56 a.m. and I’m still in my pajamas and contemplating eating a bowl of pasta.) The COVID-19 pandemic…
Lululemon set to acquire home fitness startup Mirror for $500M – TechCrunch
Lululemon today announced plans to acquire home exercise startup Mirror for $500 million. The fitness apparel company noted its plans by way of a press release, noting that it hopes to close the sale by the end of the second fiscal quarter of this year.…
Elon Musk trolls Jeff Bezos, calling him a copycat after Amazon acquires self-driving-car startup Zoox
Jeff Bezos, left, and Elon Musk. REUTERS/Joshua Roberts Tesla CEO Elon Musk called Amazon CEO Jeff Bezos a copycat on Friday after news broke of Amazon’s reported $1.2 billion acquisition of the self-driving startup Zoox. The tweet used a yellow…
Augmented Reality Startup Magic Leap Taps Microsoft Alum
(Bloomberg) — Augmented reality startup Magic Leap Inc. has hired Peggy Johnson, a Microsoft Corp. executive, to take over as chief executive officer starting next month, as the company continues to reshape itself as a provider of business…