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Blizzard's ex-CEO Morhaime launches new game company Dreamhaven

Technology News - 5 hours 59 min ago
Dreamhaven will create original games and has established its first two studios, Moonshot and Secret Door.

Inside Bentley Systems ‘very unusual’ $235M IPO

Technology News - 6 hours 27 min ago
Bentley Systems Inc., an Exton software company founded by a team of five brothers 36 years ago, reached a milestone Wednesday when it debuted on the Nasdaq stock exchange. Shares opened at $22 and shot up more than 52% to close at $33.49. The company, a maker of leading software applications for engineers who design large infrastructure projects like the new Tappan Zee Bridge in New York —  raised more than $235 million in its IPO under the ticker symbol BSY. Unlike other IPOs, where a company…

What will JEDI look like when it launches? It's anybody's guess.

Technology News - 6 hours 33 min ago
The JEDI procurement process will turn three years old before any work is likely to be done. The contract, worth up to $10 billion, is considered critical to the Department of Defense’s future efforts to manage and deploy agencywide cloud computing. But the Joint Enterprise Defense Initiative (JEDI) award has spent so long tangled in legal battles that it's not clear how big the contract will get — and which Defense agencies will actually use it.  The Court of Federal Claims, where the latest…

United launches online ‘map search' feature powered by Google

Technology News - 6 hours 44 min ago
The feature on United’s website lets travelers search for flights using over a dozen filters, including date, price, destination and travel preferences.

Laika raises $10M in funding for platform that helps small businesses with compliance

Technology News - 6 hours 44 min ago
Laika has raised $10 million to expand its information security and compliance platform. Canapi Ventures led the Series A  equity financing round, with participation from existing investors Bain Capital, NYCA Partners and Third Prime. Other investors included founders, chief executives and chief technology officers of Plaid, GLG, Flatiron Health, Shutterstock and Quovo.  In addition, Jeffrey Reitman, partner at Canapi Ventures, has joined the Laika’s board of directors. Laika said it will…

Robinhood adds $460M in funding, but remains No. 2 valued fintech

Technology News - 6 hours 48 min ago
Robinhood Markets Inc. topped off last month's $200 million funding with a $460 million extension of its Series D round, the online brokerage said on Tuesday. It's still the second most valuable fintech in the world with the valuation of about $11.7 billion it won when the first tranche of the round was announced in August. San Francisco-based online bank Chime Financial Inc. passed it with a $485 million Series F round last Friday that came at a valuation of $14.5 billion. Robinhood's new funding…

Common raises $50M to expand residential management platform globally

Technology News - 6 hours 49 min ago
Common has more than 17,600 residential units under development in 26 cities worldwide.

5 things to know about Palantir's plans to go public next week

Technology News - 7 hours 3 min ago
The data analytics unicorn plans to start trading on Sept. 30.

AvidXchange committing more to Birmingham

Technology News - 7 hours 17 min ago
AvidXchange is looking to hire locally after Birmingham Bound commitment.

SXSW to return in 2021 with online sessions — and in-person events are possible too

Technology News - 7 hours 17 min ago
South by Southwest organizers are preparing to host at least some of the 2021 festival online. The organization, which canceled the 2020 event for the first time in 34 years because of the spread of the novel coronavirus, on Sept. 22 announced plans to take speaker sessions, movie screenings, exhibitions and more online. SXSW EDU Online would take place March 9-11 and SXSW Online would take place March 16-21. SXSW also said it is "working with the City of Austin and public health authorities on…

Fortifying your business continuity plan: an executive discussion in Charlotte

Technology News - 12 hours 4 min ago
When North American business turned on a dime in March and shuttled millions of office workers to their homes, it fell to IT departments to bridge the gap. To maintain business continuity, employees needed hardware and infrastructure to communicate. Company leadership stepped up communication to keep everyone productive and engaged. Critical to that mission was IT’s role in making sure digital communication didn’t suffer from squelching feedback or dropped video calls. “You can’t flip a…

Bay Area unicorn Corsair Gaming's valuation triples in $238M IPO

Technology News - 12 hours 47 min ago
Corsair Gaming Inc. raised $238 million in an IPO that hit the middle of its targets and valued the 26-year-old company at nearly $1.6 billion. That's about three times what New York private equity firm EagleTree Capital paid when it bought control of the Fremont-based PC and gaming hardware business in 2017. The IPO is the fifth by a Bay Area tech company in two weeks, ending a nine-month drought for Wall Street debuts by the region's companies from that sector. Corsair agreed to sell 14 million…

Next Insurance scores $250M, boasts of strong growth despite pandemic

Technology News - 12 hours 49 min ago
The Peninsula insurance tech unicorn's valuation doubled to $2 billion in a Series D round led by Alphabet Inc.'s late stage investment arm, Capital G.

U.S. military selects Denver-area space companies for lucrative work on the ground

Technology News - 12 hours 58 min ago
Two Denver-area aerospace companies have won lucrative new work developing technologies on the ground for the U.S. military. The contracts cover $100 million worth of work and are meant to help troops on the ground access vital intelligence from satellites in orbit. The U.S. Space Force’s Space and Missile Center contracted Jefferson County-based Lockheed Martin Space to create software managing new capabilities of missile-launch detection satellites. The $51.2 million project is meant to integrate…

What Dish's new head of Boost Mobile has in store for the brand

Technology News - 12 hours 59 min ago
Dish Network has named Stephen Stokols as its new head of Boost Mobile. Stokols is a wireless innovator and founder and CEO of FreedomPop, a wireless internet and phone service which sold last year. Stokols will now serve as executive vice president of Boost Mobile, responsible for sales, marketing, go-to-market strategy and operations. “A year and a half ago, after I sold my last company, I wanted to bid on the Boost assets,” Stokols said. “I thought the brand was attractive and wanted…

Kendra Scott is ABC's newest 'shark'

Technology News - 13 hours 15 min ago
Kendra Scott, perhaps Austin's most successful female entrepreneur, will jump into ABC-TV's "Shark Tank" series as a guest judge during its 12th season. She and Blake Mycoskie, the founder of Los Angeles-based TOMS Shoes, were announced as "guest sharks" by the television network on Sept. 22. The next season of "Shark Tank" begins airing on Oct. 16. Kendra Scott founded her eponymous jewelry brand in 2002, going door-to-door to Austin businesses along with her newborn son, asking if they'd sell…

AT&T exec on the iPhone: This may not be a ‘massive event’ for 5G this time

Technology News - 13 hours 34 min ago
Dallas company's McElfresh talks Apple as Silicon Valley company reportedly nears its big new smartphone launch, according to CNBC.

Fremont-based unicorn Corsair Gaming's valuation triples in $238M IPO

Technology News - 14 hours 5 min ago
Corsair Gaming Inc. raised $238 million in an IPO that hit the middle of its targets and valued the 26-year-old company at nearly $1.6 billion. That's about three times what New York private equity firm EagleTree Capital paid when it bought control of the Fremont-based PC and gaming hardware business in 2017. The IPO is the fifth by a Bay Area tech company in two weeks, ending a nine-month drought for Wall Street debuts by the region's companies from that sector. Corsair agreed to sell 14 million…

Boeing's portable Covid-zapping wand to be mass produced in deal with Florida company

Technology News - 14 hours 13 min ago
The Covid-19-killing portable wand that Boeing has developed could be coming to an airplane near you later this fall. Boeing said Tuesday it has struck a deal with a Florida-based company to launch manufacturing of the new handheld ultraviolet wand its scientists and engineers designed to rapidly sanitize passenger airplane cabins and cockpit interiors, killing any viruses that may lurk in them. Boeing signed a patent and technology license agreement deal with Healthe Inc., which will produce…

SXSW to return in 2021 with online sessions — and in-person events are possible too

Technology News - 14 hours 18 min ago
South by Southwest organizers are preparing to host at least some of the 2021 festival online. The organization, which canceled the 2020 event for the first time in 34 years because of the spread of the novel coronavirus, on Sept. 22 announced plans to take speaker sessions, movie screenings, exhibitions and more online. SXSW EDU Online would take place March 9-11 and SXSW Online would take place March 16-21. SXSW also said it is "working with the City of Austin and public health authorities on…

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