Category: Fundings and Exits

Andrew Ng is raising a $150M AI Fund

We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund targeting AI investments. Ng, who formerly founded Google’s…

Microsoft acquires Cycle Computing

Microsoft today announced that it has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. The financial details of the deal were not disclosed. While Microsoft plans to use the company’s expertise to improve its Azure service…

In India, an Uber for farm machinery aims to make a difference in rural areas

Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even phone chargers to name but a few — but how about farming equipment? That’s the case in India, where a startup called EM3 AgriServices is helping…

Target acquires transportation company Grand Junction to expand same-day delivery services

Target has acquired San Francisco-based transportation technology company Grand Junction, in order to help it move more quickly into the business of same-day delivery. The company had already been working with Target on a same-day delivery pilot program in New York’s Tribeca neighborhood, prior to this deal. That pilot will expand this fall to more…