Top tech startup news stories you need to know this Monday, February 26
Good morning! Here are some of the top tech startup news stories today Monday, February 26.
Dropbox filed for an IPO. The consumer cloud storage company filed for a $500 million public offering. The company also revealed that its revenue increased 30 percent last year to $1.1 billion. It will be one of the biggest U.S. enterprise technology companies to list domestically in several years.
Bitcoin startup backer BnkToTheFuture closes $33 million ICO. Digital investment firm BnkToTheFuture has officially concluded a $33 million token sale. The company intends to launch a secondary securities token market for customers, not just accredited investors – one that will allow them trade coins purchased during other ICOs. The company has recently acquired a broker-dealer to help facilitate the launch and plans to comply with U.S. securities laws.
Samsung unveiled its new smartphone, the Galaxy S9. The consumer electronics giant seized the main stage at Mobile World Congress with its answer to the iPhone X. An estimated 100,000 people will attend the sure-to-be-eventful Barcelona confab.
Menswear startup InStitchu raises $2.5M from Chinese manufacturer Dayang. Chinese clothing manufacturer Dayang Group is making a strategic investment in InStitchu, a startup selling custom tailored suits and other menswear.
Nokia acquires Unium, a mesh WiFi startup that works with Google Fiber. Nokia announced that it has acquired Unium for an undisclosed amount. Unium is a Seattle-based startup that builds technology for mesh WiFi for home networking services.
Daimler, MizMaa invest in Israeli tech startup Anagog. German carmaker Daimler and U.S. venture capital firm MizMaa Ventures took part in a round of financing for Tel Aviv-based start-up Anagog Ltd, Daimler said on Monday, without providing financial details.
LaunchNo.CO announces its teams for PitchNo.Co during Fort Collins Startup Week. LaunchNo.CO is a non-profit organization developed to advance and support small business in Northern Colorado. Having begun as a Meetup group, the mission of LaunchNo.CO is to lead new and startup companies to resources, education and assistance in order to help the companies succeed in the early years of development.
Cybersecurity startup PhishMe acquired for $400 million by private equity consortium and rebranded as Cofense. Cybersecurity startup PhishMe has been acquired by an undisclosed syndicate of private equity firms and rebranded as Cofense, with the company stating that the deal valued it at around $400 million.