Apple on Monday, confirmed that it had bought Topsy Labs, a research company that could help Apple better understand what people are talking about on social media networks like Twitter.
Topsy focuses on analyzing the half a billion messages sent over Twitter every day. The company has indexed every tweet ever sent and has made them searchable, much like Google does for the web. The company also helps clients analyze tweets for various business trends.
It is not clear the purpose of Apple a hardware company buying Topsy.
Umeng, a Chinese analytics provider startup, confirmed that it was acquired by Alibaba.
The young startup has collected data from 180,000 apps and 590 million active devices throughout China. Alibaba, the Chinese e-commerce giant reportedly on on the verge of going public, now has another e-commerce business under it.
Both companies did not disclose the value of the deal. However, it was rumored back in the spring to be worth $70 to $80 million. The startup was part of Kai-Fu Lee’s Innovation Works incubation program and was infused with $10… Read More
Medic Mobile, the non-profit tech company, has an ambitious goal; to bring healthcare to the developing world where it healthcare is almost nonexistent. By working with community health workers in sub-Saharan Africa and Southeast Asia and equipping them with $10 cellphones. This hub-and-spoke model of health care potentially could revolutionize the way millions of people get well.
Healthcare in the developing world is not as advanced and as connecting then developed countries. Every year, one million babies die on the day they're born, many of them in developing to third world countries.… Read More
Chegg, a start-up focused on textbook rental and academic services, seeks to raise up to $172.5 million in its initial public offering.
In its updated prospectus, the company said it planned to price its stock sale at $9.50 to $11.50 a share. This would value Chegg at $906.2 million at its midpoint range.
The company said if investor demand prove stronger than expected, the company will sell additional shares, pushing the offering’s potential proceeds up to $198.4 million.
Chegg executives will meet with investors across the country as part of its IPO roadshow.… Read More
Is it possible to reinvent the wheel? One company believes it has done so.
Superpedestrian, a start-up in Boston, announced that it has received $2.1 million in financing to help build a wheel that transforms standard bicycles into hybrid motor bikes.
Their product is called the Copenhagen Wheel. The design is from the Massachusetts Institute of Technology SENSEable City Laboratory. The creators’ original goal of the wheel was to get more people to ride bicycles by giving them help from a motor.
“If you think about today’s cities,… Read More
Have you ever lost your keys? Or bag? Or even forgot where you parked after a night of too much fun? Well now anything that is important to you can be tracked, including your loved ones.
Retrievor, as its name suggests, can help users find all kinds of things. You can place the device to… Read More
A husband and wife team who are both former engineers at Samsung have developed a freestanding formula mixer and water purifier. As one blogger writes, it’s the Keurig of formula mixing.
The mixer is called Piena and it looks a lot like a coffee maker. And just like a coffeemaker, you simply plug it into an outlet. There are separate compartments for water and for the formula. The mixer holds up to 24 oz. of formula and the patented freshness seal guarantees the powder stays fresh and dry for up to four… Read More
Dhingana, the Indian streaming music service, says it has 9 million unique visitors per month. To compete against Spotify and Deezer, Dhingana is planning on a mobile-first strategy and continue growth in international markets. Its strategy on mobile is working as more than 75% of its users access its one-million song library from mobile devices.
Half of Dhingana’s monthly active users come from outside of India. The U.S. accounts for 2.5 million users, while about 1 million users come from Europe and the U.K.
The new OpenRice iOS app was launched in April 2013 in Hong Kong, and today in Singapore, and according to OpenRice, will soon to be launched across the rest of the countries that OpenRice covers. As of today, the OpenRice iOS app has achieved 1.5 million downloads and featured as an Editor’s Choice app in the Hong Kong iTunes App Store. The new Android… Read More
Maps provider Sygic has dropped the $5.58 fee to download its GPS navigation app due to Indian Android owners reluctant to purchase apps.
Part of the reluctance is Google as it provides turn-by-turn navigation and live traffic updates for Indian smartphone users.
The Android version of Sygic was only getting daily sales in India of about $250 a day, a sixth of sales in the United States of about $1,500 a day. Its iPhone app costs a prohibitive $27.99, a large sum in India.
The number of… Read More
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