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Some winners, finalists unveiled for 2019 Governor's Celebration of Innovation Awards

Sat, 09/21/2019 - 5:00pm
The Arizona Technology Council and the Arizona Commerce Authority recently announced some winners and finalists for the 2019 Governor’s Celebration of Innovation Awards. With the goal to honor those who contribute to the growth and prosperity of Arizona’s technology sector, the individuals will be recognized at the 16th annual event from 4 to 8:30 p.m. Oct. 24 at the Phoenix Convention Center’s West Building, 100 N. Third St. “The honorees at GCOI represent the greatest advocates, facilitators…

AWS Educate broadens its partnership with Virginia schools

Fri, 09/20/2019 - 6:27pm
Following this summer’s unveiling of two four-year degree programs centered on cloud computing, Amazon Web Services upped the ante Friday, extending its curriculum to select universities, community colleges and even four K-12 school districts in the commonwealth.  For the cloud service giant — a subsidiary of Amazon.com Inc. (NASDAQ: AMZN) — the expansion doubles down on its investment in workforce development in Virginia, which is already home to the company’s impending HQ2 headquarters…

FitBit considering sale to investment bank: Report

Fri, 09/20/2019 - 6:11pm
San Francisco-based wearable device maker Fitbit Inc has been communicating with an investment bank regarding a sale, Reuters reported Friday. Qatalyst has been seeking to persuade Fitbit to consider sale options for several weeks, arguing it could attract acquisition interest from Google owner Alphabet Inc. (NASDAQ: GOOG), Reuters reported, but FitBit (NYSE: FIT) has not yet decided on its course of action. Reuters based the story on "people familiar with the matter," as the sources asked not to…

S.F.'s FitBit considering sale to investment bank: Report

Fri, 09/20/2019 - 6:06pm
San Francisco-based wearable device maker Fitbit Inc has been communicating with an investment bank regarding a sale, Reuters reported Friday. Qatalyst has been seeking to persuade Fitbit to consider sale options for several weeks, arguing it could attract acquisition interest from Google owner Alphabet Inc. (NASDAQ: GOOG), Reuters reported, but FitBit (NYSE: FIT) has not yet decided on its course of action. Reuters based the story on "people familiar with the matter," as the sources asked not to…

This week in L.A. startup news: Sports, tech team up on naming rights deals

Fri, 09/20/2019 - 5:01pm
Honey sweetens Clippers practices, SoFi inks mega stadium deal, Tinder swipes at rival dating app's logo — and other stories from #TechLA this week.

Former Marketo CEO leaves Adobe 1 year after $4.75B acquisition

Fri, 09/20/2019 - 4:56pm
Steve Lucas, who served as CEO of Marketo when it was acquired by Adobe Inc. for $4.75 billion, announced that today is his last day with Adobe. In a LinkedIn post made Thursday, Lucas said his departure one year after the acquisition was bittersweet on many levels. While he didn't detail the reasons for his departure, he said he was grateful for the leadership at Adobe (Nasdaq: ADBE) and "the passion they feel around Marketo." Lucas joined Adobe’s senior leadership team after the acquisition. "It’s…

When it comes to capital and culture, it's Colorado vs. the Coast

Fri, 09/20/2019 - 4:52pm
At Denver Startup Week, panelists shared what Denver can learn from the Bay Area, and what can stay in Silicon Valley.

Microsoft nominates health care leader to board of directors

Fri, 09/20/2019 - 4:43pm
Microsoft nominated a tech executive for its board of directors after two longtime members announced they would step down. After close to 16 years, board members Charles Noski and Helmut Panke said they wouldn’t seek re-election at the December shareholders meeting. Microsoft simultaneously nominated GlaxoSmithKline CEO Emma Walmsley to fill one of the empty slots. Walmsley was promoted to CEO of GSK in 2017 after six years on the company’s executive team, becoming the first woman to run a…

Here are the 30 new unicorns born in the Bay Area this year

Fri, 09/20/2019 - 4:30pm
The herd of venture-backed unicorn companies in the Bay Area has grown to 109, with 30 new ones joining so far this year. One of them, The RealReal Inc., actually went public just a few months after hitting a $1 billion-plus valuation for the first time. But that San Francisco-based luxury goods marketplace is an exception, with most of the unicorns staying private rather than exit through an IPO or sale. "What’s the upside to going public for these companies?" asked Aileen Lee of Cowboy Ventures,…

The Funded: Four Bay Area unicorns raise big rounds, one plans IPO next year

Fri, 09/20/2019 - 4:01pm
As this week's Business Journal cover story about the explosion of Bay Area unicorns this year was being delivered to subscribers, several members of the herd made news. San Francisco-based Airbnb Inc., apparently tired of being constantly asked when they plan to go public, said it is likely to be next year. Stripe Inc., meanwhile, announced it raised $250 million in new funding at a valuation of $35 billion. That jumps the San Francisco-based payments software unicorn to No. 1 on the list of the…

$25K awarded to student startups at Trinity University event

Fri, 09/20/2019 - 3:58pm
Trinity University student-lead startups LuxTurn Technologies and Storyspread collectively received $25,000 following their product pitches at the 2019 Stumberg Venture Competition's final round. This was a second of two funding rounds for this competition; the first round included five startups, which were granted $5,000 in seed funding. Initially, the $25,000 was intended to be given to one student startup, but the judges decided to award money to both. "As a judge, you see a product and you…

CyrusOne gets interest from rival Digital Realty as possible bidders gather, report says

Fri, 09/20/2019 - 11:14am
CyrusOne is drawing interest from one of its competitors as it considers selling itself, according to a new report. The Dallas data center company has attracted attention from Digital Realty Trust, Bloomberg reported, citing people familiar with the matter. Investment firms EQT Partners and Digital Colony Partners also have combined forces to go after a potential deal, the story said. Still, discussions are ongoing and may not lead to a deal, the story said. The report comes after Bloomberg…

HP buys Cupertino startup behind its Sure Click security

Fri, 09/20/2019 - 11:03am
HP Inc. is buying Bromium Inc., a Cupertino startup that it uses for endpoint security on its PCs and printers. No price was disclosed on the deal. Bromium has raised about $116 million in venture funding and was valued at about $240 million after its most recent round in May 2017, according to PitchBook Data. “Security is a key competitive differentiator for HP, providing the most secure PCs and printers on the market,” Andy Rhodes, GM and global head of commercial systems at HP, said in the…

Amazon moving ahead in Holyoke despite layoffs at New England contractor

Fri, 09/20/2019 - 10:52am
This originally appeared on MassLive.com.  Amazon has already begun recruiting for the 235 jobs it’s promised at the $5.6 million distribution center it’s fitting out at 161 Lower Westfield Road in Holyoke. The Seattle-based internet retailing giant (Nasdaq: AMZN) told city officials it expects to open the facility in November, just in time for the Christmas rush, said Mike Bloomberg, chief of staff to Holyoke Mayor Alex Morse. Bud Delphin, vice president of program services at the MassHire…

Walgreens and FedEx partner with Alphabet's Wing to test delivery by drone

Fri, 09/20/2019 - 10:41am
Walgreens Boots Alliance Inc. said it's going to test delivering items by drones in Christiansburg, Virginia beginning next month. The Deerfield, Illinois-based retail chain (Nasdaq: WBA) said it's partnering with Alphabet-owned drone-building company Wing Aviation in the test. Christianburg was selected, Walgreens said, because Wing has been working closely with nearby Virginia Tech in Blacksburg to test drone delivery as part of a U.S. Department of Transportation program. Walgreens said customers…

Dayton woman-owned company plans dozens of new hires

Fri, 09/20/2019 - 10:29am
One of the region's largest woman-owned companies is set to grow, aiming at new hires and partnerships.

Feds required Tesla to remind employees that they can actually unionize

Fri, 09/20/2019 - 10:29am
Tesla Inc.’s ongoing efforts to keep employees at its Fremont manufacturing plant from unionizing eventually landed it in hot water with a federal labor agency earlier this year. Business Insider reports that the National Labor Relations Board required Palo Alto-based Tesla to post signs in March that reminded workers that they did have the right to engage in union-related activities. The signs were dated March 22, and were to kept up for 60 days. The signs came about as a result of Case 32-CA-231690,…

Walgreens and FedEx partner with Alphabet's Wing to test delivery by drone

Fri, 09/20/2019 - 10:24am
Walgreens Boots Alliance Inc. said it's going to test delivering items by drones in Christiansburg, Virginia beginning next month. The Deerfield, Illinois-based retail chain (Nasdaq: WBA) said it's partnering with Alphabet-owned drone-building company Wing Aviation in the test. Christianburg was selected, Walgreens said, because Wing has been working closely with nearby Virginia Tech in Blacksburg to test drone delivery as part of a U.S. Department of Transportation program. Walgreens said customers…

SpaceX wants to speed up its satellite program deployment

Fri, 09/20/2019 - 10:21am
SpaceX executives hope a tweak to the company’s satellite constellation program will enable the company to roll out high-speed internet service in the U.S. earlier than previously expected.  The Hawthorne, California-based company, founded by billionaire Elon Musk, asked the federal government for approval in August to space out the satellites in its planned Starlink system, according to a filing with the Federal Communications Commission. This development was first reported by Florida Today.  The…

San Francisco flash-sale auction site opens Portland engineering office, hiring

Fri, 09/20/2019 - 10:00am
Online auction shopping company Tophatter is opening an engineering office in Portland that is intended to rival the size of its engineering team at its San Francisco headquarters. The company is finalizing a lease of roughly 2,000 square feet on the eastside. By this time next year, it intends to have 10 to 15 engineers, said spokesperson Hanna Matyiku. The company, which has raised $35 million from investors, operates an e-commerce site that sells jewelry, electronics, home goods and fashion…

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