MIPS Tech Inc has acquired Wave Computing, one of the myriad Silicon Valley startups designing custom-built hardware for artificial intelligence. The company says the MIPS acquisition will add to the company’s bottom line and will be cash flow positive. MIPS will operate as an independent business unit within Wave and will continue to license IP… Read More »
Workday, a leading provider of enterprise cloud applications for finance and human resources that was founded in 2005 has acquired Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently as May 17. Workday itself went… Read More »
On Friday, Workday announced it was buying Rallyteam, a San Francisco startup that helps companies keep talented employees by matching them with more challenging opportunities in-house. The two companies did not disclose the purchase price or the number of Rallyteam employees who would be joining Workday. Workday appears to be acquiring the talent. It wants… Read More »
New reports this weekend have Microsoft set to purchase the popular software site GitHub. According to reports, the companies have had on-and-off conversations over the years, but talks have grown more serious in the past few weeks. One person familiar with the discussions between the companies said that they had been considering a joint marketing partnership… Read More »
On Teusday, Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. Jetlore, which was founded in January 2011 by students from Stanford University’s computer science program, leverages machine learning to deliver “personalized” experiences from retail chains like Uniqlo and Nordstrom Rack. The startup’s… Read More »
Taxi giant ComfortDelGro Corp and ride-hailing firm Uber have agreed to dissolve the strategic agreement that they entered into last December. Both companies entered into the agreement with ComfortDelGro agreeing to pay S$295 million ($220 million) for the stake in Uber subsidiary Lion City Holdings Pte Ltd. In a statement on Friday (May 25), ComfortDelGro… Read More »
Kaltura has bought Rapt Media, an interactive personalised video startup, for an undisclosed amount. Rapt Media, which was founded in 2011 and raised $12M in funding, offers customers interactive video technology for a range of uses cases. Rapt Media customers include Mercedes, EMC Dell, Alight Solutions and eBay. Kaltura said the deal will solidify its… Read More »
Uber’s food delivery business Uber Eats has acquired South African restaurant technology company owned by venture capital firm Knife Capital orderTalk for an undisclosed amount. OrderTalk provides online ordering software to restaurants that integrates with a restaurant’s point-of-sale system. The startup was founded by Hilton Keats in 1998 on the back of an online ordering software development partnership… Read More »
Microsoft has acquired conversational AI startup Semantic Machines for an undisclosed amount. Founded in 2014, the startup’s goal was to build AI that can converse with humans through speech or text, with the ability to be trained to converse on any language or subject. Semantic Machines has raised about $20.9 million in funding from investors, including General… Read More »
NeoStencil, an ed-tech startup, has acquired TestCafe, an analytics-based test practice portal which was founded in 2014. Both parties did not disclose details of the deal. “TestCafe’s analytics-based testing is the perfect complement to our online coaching platform. Combining the two will help our students prepare better, and make their preparation outcome-driven” said Kush Beejal,… Read More »
