Author Archives: Ammar Ibrahim

 Microsoft today announced that it has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. The financial details of the deal were not disclosed. While Microsoft plans to use the company’s expertise to improve its… Read More

 Serverless applications are all the rage right now — and some companies are even leapfrogging containers to go all-in on services like AWS Lambda and Azure Functions. Unsurprisingly, these services are now spawning their own startup ecosystems. IOpipe, coming out of beta today, is an application operations platform (with a current focus on monitoring) for AWS’s pioneering Lambda… Read More

 SoundCloud has just closed the necessary funding round to keep the struggling music service afloat. CEO Alex Ljung will step aside though remain chairman as former Vimeo CEO Kerry Trainor replaces him. Mike Weissman will become COO as SoundCloud co-founder and CTO Eric Wahlforss stays as chief product officer. Read More

 India-based messaging app Hike is back on the acquisition trail after it picked up Creo, a hardware company that previously released smartphones, streaming devices and an operating system. The price of the deal is undisclosed. Hike released a short statement late on Friday announcing the acquisition, although it does not appear that the 50-person Creo will continue to work on hardware.… Read More

 Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, is opening its ICO today at 12pm PT / 3pm ET today.
Last week Filecoin concluded a much talked about “advisor” sale that brought in a total of $52M from ~150 investors including Sequoia Capital, Andreessen Horowitz, Union Square Ventures, Winklevoss Capital and about 100… Read More

 Los Angeles-based Pistol Lake has developed what it thinks could be the next thing in men’s activewear — a line of shirts and other products made with new fabric that could be worn at the gym or out and about. To fund the next evolution of its product expansion, the company has raised $600,000 in new funding.  Read More

 Everyone should be saving for retirement, but not everyone has an employer that offers a 401(k) plan. Guideline wants to change that, and the company has raised $15 million to grow its base of small business customers making retirement more attainable for employees. Read More

 Honeydue is a mobile app that aims to reduce money-related arguments between couples by offering tools to share information on respective account balances and spending.  Read More

 There has been a wave of startups turning to initial coin offerings, known as ICOs, to raise funding through digital currency and now at least one fund is doing this, too. Science Inc., the LA-based team co-founded by Peter Pham and Mike Jones, which has incubated startups like Dollar Shave Club, DogVacay and Wishbone, is launching a fund for blockchain startups and plans to raise the… Read More

 Indeed, the job platform with over 200 million people searching for jobs each month, is acquiring Interviewed, the online job assessment tool. The terms of the deal aren’t being disclosed, but all 12 of Interviewed’s employees, including the three co-founders, will be going to work at Indeed. Based in San Francisco, Interviewed was part of Y Combinator’s Summer 2015 class… Read More