How's this for school spirit? A group of alums have come together to invest in startups connected to Cornell. Chairman and founder Sam Sezak (also a partner at Blue Heron Capital) has both a BS and an MBA from Cornell. He said the idea began a few years ago, after he attended a cornell entrepreneurship event — the event impressed Sezak with the community's entrepreneurial… Read MoreSource: TechCrunch
AppDirect makes it easier for enterprises to buy cloud services from the likes of Box, Google, Symantec and others (and serves as a kind of referral service for these businesses). The company today announced that it has raised a $140 million funding round led by J.P. Morgan. All of the company's existing institutional investors, including Foundry Group, iNovia Capital, Mithril Capital…
Lumo, makers of the Lumo Lift posture correcting device, have released something to help runners create better form, too. Called Lumo Run, it's a wearables system consisting of Lumo "smart garments" – shorts for men and capris for women – and a device that fits inside the pocket of these garments that gives real-time feedback on an app to show the runner how they…
During Laszlo Bock's nine years as Google's SVP of People Operations, the company has won more than 100 awards for its employment practices. Bock, who came to Google after stints at McKinsey and GE, recently collected his thoughts about management and culture into "Work Rules!: Insights from Inside Google That Will Transform How You Live and Lead," a New York Times…
The smart thermostat market continues to heat up, not least in Europe where Munich-headquartered Tado is aiming to become the leader. The German company, which counts Google-owned Nest as a competitor, along with the likes of the UK's Heatmiser and Hive from British Gas, has raised further $17 million in backing, bringing total funding to $34 million since being founded in 2011.
After almost two years of disappointing sales and slowing profit, Samsung Electronics finally has some good financial news. The Korean tech giant said today that it expects its third-quarter operating profit to be much higher than the same period a year earlier.