Spin raises $8 million as bike-sharing battle heats up in the US

 Bike sharing has taken a turn in the U.S., following trends in China. The new mode is “dockless,” where companies distribute bikes around a city or campus to be rented per trip instead of dispensing them from one station. The bikes are tracked via GPS, and can be located by users, paid for and unlocked using their smartphones. Best of all, whenever riders are done with one of… Read More

Rackspace acquires TriCore, adds enterprise applications to cloud management mix

Rackspace Rackspace announced today it was purchasing TriCore, giving it an enterprise applications management play to go along with its cloud management services. The announcement comes just one day after the company announced it was bringing a new CEO onboard, make it a busy week for the firm. The companies did not share the terms of the deal, but Rackspace called it the largest acquisition in… Read More

Reali expands it online real-estate service to the entire Bay Area, raises $5M Series A round

 Reali wants to change how people buy and sell their homes and now it has $5 million more to work on this, thanks to a Series A investment lead by Signia Venture Partners. The company also today announced that it is expanding beyond to the entire San Francisco Bay area, including the cities of San Francisco, Oakland and San Jose, and that its app is now available on Android, too. The… Read More

Career coaching service Paragon One gets $1.9M seed funding from investors including Y Combinator

 College is supposed to be a life-defining experience–but that doesn’t mean students always graduate with all the skills they need to build their lives. Paragon One, an online career coaching service and mentor marketplace, wants to fill in the gaps. The startup announced that it has raised $1.9 million in seed funding from Y Combinator, Foundation Capital, Learn Capital,… Read More

Acko is an ambitious digital play to disrupt India’s $10B insurance industry

 Acko is an under-the-radar startup that wants to disrupt India’s insurance industry through a digital-only model. This week the company stuck its head above the parapet and announced that it has raised $30 million to get started on its bold plan. Founded by Varun Dua, the man behind insurance comparison site Coverfox, Acko is designed as a wholly digital take on insurance in India.… Read More

Appian prices application software IPO at $12

 Virginia-based Appian is finally braving the public markets, after a long journey as a private company formed in the dot-com boom of 1999. Appian announced Wednesday that they priced their IPO at $12 per share, raising $75 million for the company. This is in-line with the previously proposed price range of $11 to $13. Appian provides app development software for its business and… Read More

Peloton is now a unicorn because of the spinning class craze

 Have you ever taken a class at SoulCycle? Or better yet, Flywheel? Spinning has turned out to be a big business and there’s one brand that’s been gaining traction in the at-home fitness space. Peloton’s $2000 bikes have developed a cult following, mainly because of its live-streamed classes, which are offered as an added subscription and can be displayed on the bike screen.… Read More