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Pittsburgh Technology Council plans Boston road trip for startups

Technology News - 5 hours 59 min ago
Entrepreneurs meeting with potential investors, attending New England Venture Summit.

Apple approached One Medical with acquisition offer, CNBC says

Technology News - 6 hours 3 min ago
Apple is such a fan of its on-campus clinic that it tried to buy the startup that runs it, CNBC reports, citing three anonymous sources with knowledge of the talks. The negotiations with Southern California-based Crossover Health ultimately didn’t result in a deal. Separately, Apple also approached San Francisco-based One Medical Group, an app-enabled membership-based primary care group, about a potential acquisition, CNBC says. Crossover Health runs a small network of health clinics in Silicon…

Report: Apple interested in buying a health clinic startup

Technology News - 6 hours 13 min ago
Cupertino-based Apple is such a fan of its on-campus clinic that it tried to buy the startup that runs it, CNBC reports, citing three anonymous sources with knowledge of the talks. The negotiations with Southern California-based Crossover Health ultimately didn’t result in a deal. Separately, Apple also approached San Francisco-based One Medical Group, an app-enabled membership-based primary care group, about a potential acquisition, CNBC says. Crossover Health runs a small network of health…

Garmin brings Amazon's Alexa to the dashboard

Technology News - 6 hours 13 min ago
Garmin International Inc. (Nasdaq: GRMN) is bringing Amazon.com's Alexa along for its newest device. The Garmin Speak marries Garmin's renown in GPS navigation with Alexa’s hands-free voice services. The tiny, dashboard-mounted device allows users to change their music, play audiobooks and navigate, among myriad other functions. "We are excited to be the first to offer Garmin GPS navigation and Amazon Alexa's intuitive voice service in the new Garmin Speak," Dan Bartel, Garmin's vice president…

Facebook snaps up Oakland-based viral app for teenager

Technology News - 6 hours 15 min ago
Facebook this week bought up a tiny Oakland startup whose anonymous polling app, TBH, caught fire with teenagers shortly after launching in August, rocketing to 5 million users in a little over two months. Terms of the deal were not disclosed. The app launched at a single high school in Georgia on Aug. 3. Before the end of the week, TBH had spread to more than 3,000 schools across the state. For weeks, it’s been the most-downloaded free app on iTunes. The app asks teenagers to import a list of…

Uber to strike investment deal with Softbank soon, board member says

Technology News - 6 hours 16 min ago
Uber Technologies Inc. is likely to strike a deal with SoftBank Group, enabling the Japanese tech giant to buy as much as 14 percent in the ride-sharing company, a key board member said. Uber board member Arianna Huffington, a confidant of former CEO Travis Kalanick, said she's confident negotiations over pricing of the stake will be resolved within a week. Huffington made her remarks at the The Wall Street Journal’s WSJD.Live tech conference in Laguna Beach. Softbank has been in talks since…

Grubhub will deliver to hungry Facebook users

Technology News - 6 hours 22 min ago
In August, GrubHub acquired Yelp’s Eat24 food-delivery business for $287.5 million and also partnered with e-marketer Groupon to provide customers with discounted food delivery. Now, Grubhub has partnered with Facebook in a deal that allows hungry social media users to order food via the Facebook app and website. The deal isn’t exclusive to the Chicago-based food ordering service.  Facebook said it struck deals with EatStreet, Delivery.com, DoorDash, ChowNow and Olo. The social media firm…

ForeScout Technologies boosts IPO targets, hopes to raise up to $121M

Technology News - 6 hours 26 min ago
At the top of its IPO range the San Jose cybersecurity company would be valued at about 27 percent less than private investors estimated it to be worth in January 2016.

Cord-cutting threat grows, but Trump's is empty

Technology News - 6 hours 29 min ago
It’s that time of year. As the rest of the country stockpiles candy and tunes into horror movie marathons, corporate America is getting ready to roll out Q3 earnings results — and it’s looking like pay-TV companies are in for a different type of scare. The telecom world was buzzing last week after AT&T, seeking to get ahead of the game, announced it expected to lose 390,000 traditional subscribers while adding 300,000 lower-value customers on its over-the-top DirecTV Now service, for a net…

2 Magic Leap alum + 1 Portland entrepreneur = $3.5M for AR/VR startup

Technology News - 6 hours 33 min ago
Portland startup Torch 3D Inc. has secured $3.5 million from investors to build a tool that will help businesses incorporate augmented and virtual reality into their products. The company was founded by Antony Falco, who co-founded and sold Portland-based database software company Orchestrate to Centurylink in 2015 for an undisclosed amount; and Paul Reynolds and Josh Faust, alums of Florida-based Magic Leap, an augmented reality startup that has already raised $1.8 billion and is rumored to be…

Big Tech vs Big Pharma: the battle over US patent protection

Technology News - Mon, 10/16/2017 - 22:05
Critics fear Silicon Valley lobbying has weakened the defense of intellectual property and sapped innovation.

Airbus' Bombardier C Series deal could be good for Seattle-area suppliers, bad for Boeing

Technology News - Mon, 10/16/2017 - 20:55
Airbus and Bombardier have inked a deal that could boost some Seattle-area aerospace suppliers while dealing a blow to Boeing.

Amazon leases the top six floors of downtown Seattle Macy's building

Technology News - Mon, 10/16/2017 - 20:14
Amazon.com Inc. has leased the top six floors of the downtown Seattle Macy's building, the internet retailer said Monday. Starwood Capital Group owns the 475,000 square feet of office space above the Macy's flagship store at Third Avenue and Pine Street. Greenwich, Connecticut-based Starwood paid $65.6 million to Cincinnati-based Macy's for the top four floors of the block-sized building in 2015 and bought the other two floors this year. The building (300 Pine St.) was built in 1929 and expanded…

University of Hawaii researchers involved in major astronomical discovery

Technology News - Mon, 10/16/2017 - 18:50
Researchers from the University of Hawaii were part of a major scientific discovery, after they were able to confirm the observation of a binary neutron star merger and resulting kilonova explosion. UH said the discovery, which was published in the Science, Nature and The Astrophysical Journal on Monday, “fundamentally affects our understanding of the origin of many of the elements common on Earth and in our bodies.” In August, the Laser Interferometer Gravitational-Wave Observatory detected…

Amazon bringing its Treasure Truck to Sacramento

Technology News - Mon, 10/16/2017 - 18:05
Amazon.com Inc.'s Treasure Truck is coming to Sacramento, but you'll have to watch your smartphone for more details. On Monday, the e-commerce giant confirmed the truck's upcoming arrival, without immediately elaborating on when or where its first stop would occur. The Treasure Truck features hand-picked items, many of which are new or trending products. Shoppers subscribe to get notifications through the Amazon (Nasdaq: AMZN) app. When the truck is ready, they receive an alert about product availability. "Each…

Drugmaker Novartis to close 450-employee Sandoz plant in Broomfield

Technology News - Mon, 10/16/2017 - 17:10
Swiss drugmaker Novartis AG plans to reduce or drop production of some generic drugs and will close its 450-employee Sandoz plant in Broomfield over the next two years as a result. The Sandoz facility has been in Broomfield for 42 years. Novartis (NYSE: NVS) plans to consolidate production of drug ingredients at a sister plant in Wilson, North Carolina, and shut down the Broomfield manufacturing plant by the end of 2019, the company said. “With several products no longer competitive in saturated…

Company backed by Nest co-founder sues Android creator's Rubin's startup

Technology News - Mon, 10/16/2017 - 17:02
A Campbell company backed by Nest co-founder Tony Fadell has accused Android creator Andy Rubin's Palo Alto smartphone maker of trade theft in a lawsuit, Reuters reported on Monday. Keyssa, backed by former Apple executive Fadell, claims it was in talks with Essential for nearly a year about technology that would connect a smartphone that Rubin's Essential Products launched over the summer to other accessories and smart devices. Keyssa has been developing a chip for mobile phones since 2009 that…

Seattle politicians to Amazon: 'We would like to hit the refresh button'

Technology News - Mon, 10/16/2017 - 16:52
A group of Seattle politicians want to start a new, more collaborative relationship with Amazon after its HQ2 announcement. Read their full letter to the company here:

Bike-sharing startup raises $50M, valuation goes from zero to $225M in 9 months

Technology News - Mon, 10/16/2017 - 16:42
Caen Contee, a member of the founding team at San Mateo-based LimeBike, talks about how it has raced to a $225 million valuation in the bike-sharing business that is growing quite crowded.

Here are the five hottest Bay Area startups in the third quarter

Technology News - Mon, 10/16/2017 - 16:37
The third quarter was a tough time for Bay Area startups looking to raise new funding, but here are five that saw the biggest valuation jumps when they raised new rounds. All five are based in San Francisco and none of them are unicorns — yet. But that's where their similarity ends. They include businesses in five different sectors — biotech, clothing, agtech, gambling and IT. The list is based on research by PitchBook Data that only included companies whose valuation before their new funding…

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