Tag: Microsoft
Techstars Detroit accelerator is shutting down
Techstars Detroit, the accelerator that has funded 54 startups in the past five years, is shutting down, TechCrunch has learned. In an email to supporters, Techstars Detroit managing director Ted Serbinski said the accelerator was not able to secure enough funding for 2020. “It’s clear the entire automotive mobility industry…
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OpsRamp raises $37.5M for its hybrid IT operations platform
OpsRamp, a service that helps IT teams discover, monitor, manage and — maybe most importantly — automate their hybrid environments, today announced that it has closed a $37.5 million funding round led by Morgan Stanley Expansion Capital, with participation from existing investor Sapphire Ventures and new investor Hewlett Packard Enterprise.…
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Codility raises $22M for its tech recruiting platform
Codility, a platform that helps tech recruiters and hiring managers asses candidates through online coding tests, today announced that it has raised a $22 million Series A round led by Oxx and Kennet Partners. This marks the first time Codility has raised any funding, after ten years as a bootstrapped…
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Microsoft shares rise after it beats revenue, profit expectations, Azure posts 62% growth
Today Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%), and diluted earnings per share of $1.51. Investors had expected the company to report profit of $1.32 per share, off revenue of $35.67 billion.…
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Microsoft takes wraps off $40M ‘AI for Health’ initiative
When the topics of Microsoft and global health overlap, one tends to think about the Gates Foundation, but the company itself is doing good work along these lines as well. The latest such effort is AI for Health, an $40M, five year outgrowth of Microsoft’s AI for Good program that…
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Tracking corporate venture capital’s rise over the past decade
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. It’s been a busy decade in the venture capital world. Ten years ago there were fewer than 20 known unicorns in the United States. That figure has risen to more…
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