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Colorado software company fires CEO 'for cause'

Technology News - 5 hours 37 min ago
After just two-and-a-half years on the job, an Englewood software company fired its CEO. The board of Evolving Systems Inc. (Nasdaq: EVOL) said it fired Thomas Thekkethala, "for cause." Thekkethala isn't getting any severance, either: "As a for-cause termination, the board does not intend to pay Mr. Thekkethala any severance, either under his employment agreement or otherwise. There were, however, no disagreements between the company and Mr. Thekkethala as to any financial or accounting issue,"…

Alphabet boots Nest CEO amid deeper fold-in with Google hardware

Technology News - 5 hours 40 min ago
Two years after taking the job, Nest CEO Marwan Fawaz is stepping down, amid the thermostat company’s deeper integration with Google’s hardware division. It’s the latest twist for Nest, which has struggled to achieve profitability under Alphabet. This week, Google said it would fold Nest into the company’s home and living room products team, which manages hardware like Google Home and Chromecast, and is led by Google veteran Rishi Chandra. “Marwan Fawaz is a strong CEO with a track record…

As Portland awaits Slack's second HQ decision, the company digs in on Denver

Technology News - 5 hours 43 min ago
The workplace collaboration tech company will make the team part of a Denver office.

Real estate startup Reali plans to double workforce, eyes national expansion after latest fundraising

Technology News - 5 hours 48 min ago
Reali is one of several Bay Area startups using technology to potentially upend the traditional real estate industry. Reali can save home sellers thousands of dollars in commissions.

In a $25M hit, Lattice to eliminate a production line

Technology News - 6 hours 2 min ago
A longtime Portland tech company is tweaking its roster of smart connectivity offerings. In a release issued Wednesday morning, Lattice Semiconductor Corp. (Nasdaq: LSCC) revealed it will discontinue its millimeter wave business. The strategy, announced about a week before Lattice's next earnings report, could result in about $25 million worth of non-cash restructuring and impairment charges during the second quarter. However, it is also expected to reduce annual operating expenses by $13 million.…

Greycroft: 'Our most successful investments weren’t in NYC or LA'

Technology News - 6 hours 2 min ago
If you're a startup in New York City, don't expect to get on Greycroft's radar so easily. The Manhattan-based venture capital firm, which just raised $250 million for its fifth fund, has been targeting early stage companies outside of typical startup hubs. “Recently, our most successful investments weren’t in New York or Los Angeles, they were in Alabama and Chicago. Every major industry and city is currently being transformed through technology,” Greycroft co-founder Dana Settle explained. Those…

For the first time, all new STC.UNM startups staying in state

Technology News - 6 hours 6 min ago
Fiscal year 2018 proved to be another strong period for the University of New Mexico's Science and Technology Corp., according to CEO Lisa Kuuttila.

Manufacturing software startup Seeq nabs $23M for international expansion

Technology News - 6 hours 9 min ago
It's the second funding round for the company co-founded by Steve Sliwa, who built unmanned aircraft company Insitu from the ground up and sold it to Boeing.

Jenny Abramson fights for equality in venture capital

Technology News - 6 hours 19 min ago
In 2015, Abramson founded Rethink Impact to help women entrepreneurs and other diverse company founders have equitable access to capital.

UC Davis researcher receives $1.5 million grant to develop DNA-based semiconductors

Technology News - 6 hours 21 min ago
The future of data storage could be in DNA technology. A University of California Davis researcher received $1.5 million in funding to develop DNA-based memory that can be programmed and read electronically. Associate professor Josh Hihath’s project, titled “DNA-based electrically readable memories,” seeks to build a platform to record information with less energy and a longer lifespan than existing technologies. The completed memory device will store information based on the electrical…

What the new Nerdery CEO appointment means for the Phoenix market

Technology News - Tue, 07/17/2018 - 17:04
The Nerdery brought its group of passionate nerds working in web, software and mobile app development to Phoenix in 2014.

Google faces record fine from Brussels over Android

Technology News - Tue, 07/17/2018 - 17:00
The European Commission finding is the most consequential decision made in its eight-year antitrust battle with Google.

Meet the tech company trying to improve treatment of autism and other childhood brain disorders

Technology News - Tue, 07/17/2018 - 16:47
The Redwood City company's software takes a wider look, tapping a variety of sources including real-time sensor data, to try to map out treatments for neurological disorders.

Big Fish Games moves HQ into renovated Maritime Building (Photos)

Technology News - Tue, 07/17/2018 - 16:29
The renovated historic waterfront building features a rooftop grill, reindeer moss, panoramic views and a shorter commute for most of the game developer's employees.

Tech startup Blast launches app that lets gamers save money

Technology News - Tue, 07/17/2018 - 16:29
Technology startup Blast has closed on a seed round of $12 million and launched its app, which aims to help people save and earn money while playing games. Newport Beach, California-based Blast said its app provides a way to save money by playing mobile games, based on in-game triggers set by the user. Gamers also earn real cash dividends by completing “missions” to explore new games or achieve higher levels in existing games. In addition, the leaderboard pays cash to the top 25 percent of…

PowerPoint competitor Prezi expands to enterprise deals

Technology News - Tue, 07/17/2018 - 16:12
Prezi is now increasingly going after the business market with its Prezi Next offering targeted at businesses and teams, which gives presenters a way to see who is viewing and sharing their presentation and how those viewers engage with it.

Moon Express, cannabis company grab $7.8M in venture capital

Technology News - Tue, 07/17/2018 - 16:11
Venture capital helps grow innovative startup companies that bring high-skill, high-wage jobs and bolster an area’s economy.

Texas Instruments CEO resigns due to violation of company's code of conduct

Technology News - Tue, 07/17/2018 - 16:04
Texas Instruments Chief Executive Officer Brian Crutcher is stepping down due to a violation of the company's code of conduct. Rich Templeton, the company's chairman and former CEO, will assume his role, the company said Tuesday. The violations are related to "personal behavior" that is not consistent with the company's ethics and core values, Texas Instruments said. It added it is "not related to company strategy, operations or financial reporting." The company gave no more specifics. "For decades,…

Walmart joins forces with Microsoft to battle Amazon

Technology News - Tue, 07/17/2018 - 16:00
Walmart Inc. and Amazon have been wrestling for the soul of the online consumer for years, and the giant brick-and-mortar retailer has found a new ally: Microsoft Corp. For its part, Microsoft has been battling Amazon on the back end of online shopping (cloud support, sales data) for years, too, and now Microsoft and Walmart have a new deal, The Wall Street Journal reports. The five-year agreement, announced Tuesday during the Amazon Prime Day 2018 sales event, will have Walmart (NYSE: WMT) use…

Facebook partners with Year Up Bay Area on job and skills training at Menlo Park HQ

Technology News - Tue, 07/17/2018 - 15:59
Facebook, Inc. is bringing nonprofit Year Up’s training team to its Menlo Park headquarters, guaranteeing internships and potential full-time employment to local young adults who go through its program. Facebook will train 80 local young adults in its first year, through Year Up, a nonprofit workforce development program, giving preference to residents of nearby North Fair Oaks, East Palo Alto, Redwood City and Belle Haven. It will begin training 40 students this fall for a six-month internship…

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