Investors are betting 3DR can find life after Solo as a drone data platform

 An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break… Read More

SiriusXM acquires connected car company Automatic for over $100M

 SiriusXM has acquired Automatic, the maker of the Automatic Pro and Automatic Lite connected car OBD-II port accessories. TechCrunch has learned that the deal was worth over $100 million, and SiriusXM and Automatic both note in releases announcing the news that the brand will remain separate, and Automatic’s products and team will remain focused on the same mission. For Automatic users,… Read More

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion

 Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Beijing-based Didi is in the process of raising a round that could reach as high as $6 billion at a valuation that would exceed $50 billion, a source with knowledge of discussions told TechCrunch. That’s not far from Uber itself, which is said to… Read More

Everfi raises $190 million to teach life skills and touchy subjects online

 Everfi Inc. has raised $190 million in Series D funding to teach students online the life skills and touchy subject matter that they never learned in school. A sampling of courses offered by Everfi range from “Harassment Prevention Training” for the workforce, to “Alcohol EDU” for college students and “Vault Understanding Money” for fourth-, fifth- and… Read More

Spotify acquires blockchain startup Mediachain to solve music’s attribution problem

spotify Spotify has acquired the Brooklyn-based blockchain startup Mediachain Labs, whose team will join the company’s office in New York where they will work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service. Prior to its acquisition, the startup had developed several technologies that could aid in these… Read More

Huddly raises $10M to “reinvent the camera” with a computer-vision platform for video meetings

 Huddly, a Norway-based startup that sells a camera targeting remote company meetings (or huddles) and is building out what it describes as a “computer-vision” platform to help managers glean better data from those meetings, has raised $10 million in Series B funding. It brings total raised to $20 million, not including a $3 million research grant. Read More

Robinhood stock trading app confirms $110M raise at $1.3B valuation

 Zero-fee stock trading app Robinhood has joined the unicorn club thanks to reaching 2 million users and 17% month-over-month growth of its revenue-driving Robinhood Gold subscription product. The startup confirmed to TechCrunch that it’s raised a $110 million Series C at a $1.3 billion valuation led by DST Global, with participation by existing investors NEA, Index Ventures and Ribbit… Read More

OverOps scores $30 million led by Lightspeed Ventures

 OverOps, a startup that wants to help companies find software bugs more efficiently than by pouring over log files, announced a $30 million Series C round led by Lightspeed Ventures with participation from Menlo Ventures. Both are existing investors. In a nutshell, OverOps delivers a cloud or on-prem solution that helps developers and operations teams nail down bugs in a more automated… Read More

Paktor, a major rival to Tinder in Asia, moves into live-streaming via merger deal

 Dating app Paktor, often dubbed ‘The Tinder of Southeast Asia,’ just sealed up its move into live-streaming and media content after it announced a merger deal with Taiwanese startup 17 Media.
Under the deal, a new company called M17 Entertainment has been created with shares from both Paktor and 17 Media, company representatives confirmed. They didn’t, however, reveal a… Read More