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Category Archives: Business

Lightspeed Boosts Three Funds With $4B

Lightspeed Venture Partners secured more than $4 billion across three of its funds in order to support early- and growth-stage entrepreneurs around the world. The company did not disclose the source of the funding. Here is the breakdown of how Menlo Park-based Lightspeed plans to use the

Austin-Based Coder Raises $30M For Cloud-Based Software Development

Coder, an Austin startup that is building a cloud-based development suite, has raised $30 million in Series B funding led by GGV Capital. Existing backers Uncork Capital and Redpoint Ventures also participated in the financing, along with In-Q-Tel Inc. The investment comes 11 months after Coder raised an $8.4 million Series

Robot Manufacturers Work To Meet Demand Led By COVID-19

Startups developing autonomous robots have seen their usage rise in grocery stores, warehouses and hospitals amid the COVID-19 pandemic. As a result, these companies have naturally had to expand operations to meet demand. Case in point: In the first quarter of 2020, Brain Corp. saw a 13

Earnings Scorecard & Analyst Reports for Apple, Amazon & Others

JPMorgan (JPM) and Wells Fargo (WFC) kicked off the Q1 earnings season for the big banks, with market participants getting spooked by management’s comments about credit quality and increasing defaults as households and businesses deal with the ongoing economic downturn. On the earnings front, JPMorgan’s Q1 earnings were

Apple’s iPhone Sales in China Surged in March

APR 13, 2020 2:49PM EDT Sales of iPhones surged 416% in March from February, to about 2.5 million units. Total handset sales were up 241% from February to 21.8 million units, though still down 23% from a year earlier. Sales of iPhones in China staged