The founder of one of Silicon Valley’s most famous flameouts, anonymous social app Secret, is the new product lead for Postmates’ app. After Secret shut down and gave investors back their money, David Byttow went on to raise a $1 million seed round from Index to launch a blog publishing tool for enterprises called Bold.
Today Bold was acqhired by Postmates, Byttow confirmed to… Read More

 Beauty parlors manage a lot of appointments, but about half of them are still using pen and paper, estimates Shedul. The startup is trying to change that, by offering scheduling software for the the salon and spa industry. And it’s been catching on because it’s free. Now they’re raising $6 million. Read More

 Every minute spent training a deep learning model is a minute not doing something else and in today’s fast paced world of research, that minute is worth a lot. Facebook published a paper this morning detailing its personal approach to this problem. The company says its managed to reduce the training time of a ResNet-50 deep learning model on ImageNet from 29 hours to one. Facebook managed… Read More

 French startup Algolia just raised a $53 million Series B round led by Accel, a couple of years after raising $18.3 million with… Accel also leading the round. So it looks like it’s a love story between the VC firm and the software-as-a-service startup. The reason is quite simple. Algolia is still growing like crazy with its annual recurring revenue doubling every year.… Read More

 Another day, another major round of funding for a security startup, underscoring just how active the area of IT protection is right now — both in terms of business need and as an investment opportunity. Today, Illumio — a startup that provides data center and cloud security services, monitoring and protecting individual applications and processes within an enterprise network by… Read More

 Running a company is expensive. And it’s more than just the product and employee costs that add up. From furniture to electronics, there’s a lot of day-to-day corporate spending that can be hard to keep tabs on. That’s why procurement software has become a big business. Investors are betting that Scout RFP will emerge as a leader in the space. Menlo Ventures is leading a… Read More

 This morning on the stage of TC Sessions: Justice, Matt Mitchell of CryptoHarlem discussed his views on the link between surveillance and minority oppression and the importance of taking a preventative approach to security and privacy. Mitchell, a specialist in digital safety and encryption, is dedicating time to creating Protect Your Org, a free, open source, tool for all organizations… Read More

 Today to kick off Spark Summit, Databricks announced a Serverless Platform for Apache Spark — welcome news for developers looking to reduce time spent on cluster management. The move to simplify developer experiences is set to be a major theme of the event overall. In addition to Serverless, the company also introduced Deep Learning Pipelines, a library that makes it easy to mix… Read More

 Why hunt for new customers when you can make more money from the ones you already have? At least that’s the idea behind Autopilot, a startup which helps businesses reach out to existing clients. Blackbird Ventures and Salesforce Ventures are part of a group betting $12 million that this is the software businesses need. Other investors include Rembrandt Venture Partners and Southern… Read More

 For years, Box has been seen by many in the press, analyst and investor communities as a storage product and nothing more, which given its roots, was an understandable misperception. But CEO Aaron Levie and his company have always had a much broader ambition. Through the years, Levie made it clear that he was in business to transform the entire category of enterprise content management, and… Read More