VCs rake in cash, but deals drop
The Mercury News--Venture capitalists raised more money last quarter than they have in 10 years, even as they pulled back on what was once a whirlwind of spending.
First-Quarter VC Activity Buoyant at $12.1 Billion, & Top 10 Deals
Xconomy--Venture capital firms invested $12.1 billion in 969 startup deals nationwide during the first three months of 2016, marking the ninth consecutive quarter when VCs invested at least $10 billion in new companies, according to the MoneyTree Report.
Branch in the PCMag Start-Up Spotlight
PC Magazine--The deep linking space is one you likely haven't heard much about and that's by design. If deep linking does its job, the technology is nearly invisible to the end user. Without a deep link in place, you're likely to run into one of the dead links, wonky redirects, or chain-breaking application install pages that's plaguing the booming mobile app economy.
How Deep is Your Learning?
Forbes--When the virtual assistant Siri showed up on iPhones four years ago, the technology felt like the first glimpse of those scary-smart, talking robots you’ve been reading about in science fiction for years.
In the Cloud, Google Jockeys for Position
Fortune--Amazon dominates. Microsoft is next in line. What about Google? How big is the cloud business? Big. Really big. The global market for public cloud services will grow 17% to $204 billion this year, estimates market researcher Gartner, more money than General Motors makes in a year.
Start-Up Lessons From the Once-Again Hot Field of A.I.
The New York Times--In 2010, Kris Hammond, an experienced artificial intelligence researcher, and a few partners founded Narrative Science. The Chicago start-up’s software ingests and interprets numbers for things like investment holdings, billing records and sports statistics and transforms them into written summaries or stories.
Boston investment firm raises nearly $1 billion for two new funds
Boston Business Journal--Battery Ventures, a Boston-based private equity and venture capital firm, has raised $950 million for two new funds. The funds raised include Battery Ventures XI, a $650 million fund, and Battery Ventures XI Side Fund, a $300 million fund for larger investments.
Battery Ventures Closes on $950 Million Across Two Funds
TechCrunch--Battery Ventures, a 33-year-old investment firm with offices in San Francisco, Menlo Park, Boston, and Herzliya, Israel, has raised $950 million across two new funds: a main fund, Battery Ventures XI, which is a $650 million pool, and a side fund that will support the company’s larger investments, which closed with $300 million.
Battery Ventures Raises $950 Million for New Fund
Fortune--New cash to invest in tech companies, young and old. Venture capital investments and valuations may be on the decline, but venture capital fundraising is doing just fine. Case in point is Battery Ventures, which today will announce that it has raised $650 million for its eleventh flagship fund, plus another $300 million for a side fund to support larger investments.
ResMed to Acquire Brightree® for $800 Million
PR Newswire--ResMed (NYSE: RMD), the world's leading tech-driven medical device company and innovator in sleep-disordered breathing and respiratory care, today announced a definitive agreement to acquire privately held Brightree®, a leader in business management and clinical software applications for the post-acute care industry.