10 things in tech startup you need to know today, Thursday, November 16
Posted On November 16, 2017
Good morning! Here is the startup news you need to know this Thursday.
- China’s third largest bike-sharing startup is about to crash. Bluegogo, which has 700,000 bicycles in China, appears to be on its last legs with employee cuts and complaints of unreturned deposits.
- Forever 21 hack reveals payment card data. The clothing retailer says hackers compromised point of sale devices at stores for a good part of the year.
- Unicorn startup, Uber, faces new lawsuit by female passengers alleging rape. Two women say the ride-hailing company hasn’t done enough to protect riders from sexual assault by drivers.
- Farming startup uses blockchain to guarantee food quality. Ripe, a blockchain startup, now wants to integrate blockchain technology with farming. Farmers and other parts of the food supply chain can take advantage of this by keeping track of vital crop information and environment conditions, among other variables, as the farming cycle progresses.
- Qualcomm invests in AI startup SenseTime in China. Qualcomm Inc. is investing heavily into Chinese A.I. start-ups, and closes investment in Chinese startup SenseTime Group.
- Israeli startup Pruvo helps travelers save money on hotel reservations. Pruvo, a new Israeli platform tracks price drops after your initial reservation and notifies you when such a price drop occurs.
- Silicon Valley veterans raise $500 million hedge fund. A hedge fund firm started by a Cerberus Capital Management alum and a startup founder has raised half a billion dollars for its first fund.
- A Swedish startup wants to become “Spotify for e-sports.” Swedish startup G:loot wants to bring e-sports to the masses and make sure anybody, anywhere, can rake in real prize money “in the skill-based games they already play and love.”
- Startup ThoughtSpot’s funding reaches $160M, aimed at Tableau Software in $70B market. Five year-old Palo Alto startup ThoughtSpot raised another $60 million taking its total funding to date to $160 million.
- Somali startups receive investment.Somali Accelerator graduates another batch of startups and gives $30,000 in investment at the Demo Day in Hargeisa.